Greece’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF), on Friday announced that it has received one binding offer for the long-term leasing of Greek state assets managed by the under-receivership ferro-nickel production company Larco.
The binding bid was tabled by a consortium comprised of Athens-based and ATHEX-listed GEK Terna group and AD Holdings AG.
The assets include the Larymna mine and related mining rights, a plant in Larymna, located on the eastern coast of south-central Greece, infrastructure and equipment as well as related land.
HRADF said the fund’s board of directors will immediately begin the process of evaluating the bid.
The center-right Mitsotakis government has repeatedly pledged to finalize the privatization of the metals producer, one of the biggest of its kind in Europe, but also burdened by past debts and loss-making annual results.
Conversely, much of the political opposition has aired charges of a “sell-off” and the loss of a major public sector asset.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
PM Mitsotakis Discusses EU Defense, Security at North-South Summit
Hosted in Lapland, Finland, which shares a 1,300 km border with Russia, the summit brought together South and North European leaders to discuss security, defense, and migration
Surge in Investment and Soaring Housing Prices Across Greece
Greek housing prices have climbed sharply, recovering to 2011 levels and edging closer to their 2007 peak.
Greek Kiosks are Dying Out
The iconic Greek kiosk is dying out, and the empty shells remain to remind us of an urban everyday life that no longer exists.
Property Website: Athens-Area Residences Sold Within 6 Months, on Average
Data presented by the platform also shows higher prices in first 3 quarters of 2024
Bank of Greece Hails Economic Progress but Warns Stronger Growth Needed
Today's Bank of Greece Interim Report on Monetary Policy depicts a healthy economy, but warns that stronger growth is needed to fully overcome the economic crisis
Greek Christmas Dinner Costs Surges in 2024
The estimated cost for this year’s Christmas dinner (serving 6-8 people) ranges from 107.54 euros to 148.89 euros
Attica Bank to Eliminate Fees on More Banking Transactions
Attica Bank emphasized that these changes reflect its commitment to providing competitive and high-quality services
Cash Still Reigns in Greece Despite Surge in Electronic Payments
However, the ECB has expressed its opposition regarding legislative efforts by member states to restrict cash usage as a means of combating tax evasion.
Minister: Tourism Revenues in Greece to Hit €22 Billion in 2024
Sustainable development, investments, new offerings, upgraded training at the core of Greece's tourism strategy.
Greece: Double Salary Increase in Private Sector Coming Next Year
Starting from Jan. 1, 2025, social security contributions will be reduced by one percentage point with the aim of easing the burden on both employers and employees.
![Τουρισμός: Στα 2,2 δισ. τα τουριστικά έσοδα του Οκτωβρίου – Αύξηση 19,7% [πίνακες]](https://www.ot.gr/wp-content/uploads/2024/10/ot_tourismos_nisia-90x90.png)
