Exclusive Exclusive: Greek Privatizations Moving Forward, More Planned

The privatizations of the Greek airports and the port of Piraeus are helping modernize Greece’s infrastructure and benefit the country economically, Stergios Pitsiorlas, president of the privatization authority, told Handelsblatt. More privatizations are planned including that of the railway company Trainose, the Thessaloniki port authority, gas network operator Desfa and the former airport grounds in Athens, Ellinikon. Mr. Pitsiorlas said there had been progress in setting up the privatization fund, with the organization set to be operational by the end of the first quarter this year. The Fraport deal, in which the German airport operator will take charge of 14 regional airports, is likely to be completed in fall 2016, he said. But Mr. Pitsiorlas acknowledged some resistance to the privatization program, including strikes. The aviation union called the airport deal a “national crime.”   Read the full story in Monday’s issue of Handelsblatt Global Edition at 12:00 Central European Time.