In international tender to privatize (67%) the Volos port authority will reportedly be cancelled, after a decision by the government and the country’s semi-autonomous privatization agency.
The highest bidder for the port authority was the Thessaloniki Port Authority (OL.Th), controlled by Greek-Russian businessman Ivan Savvidis, with an offer of 51 million euros.
Another bidder, Goldair Cargo A.E. – Goldair Handling Α.Ε., had filed a legal challenge in the tender, after having submitted a bid of 25 million euros. The latter cited a “conflict of interest” in challenging the highest bidder, according to reports.
Media reports citing sources from within the privatization fund, officially called the Hellenic Republic Asset Development Fund (HRADF), pointed to damage from the storms “Daniel” and “Elias” as altering the situation at the central Greece port city. The privatization fund has previously allocated 9.5 million euros to repair the storm damage at the port.
The same sources said a future exploitation of the port will again be re-evaluated, with the possibility of another Interntional tender being declared on the table.
HRADF had previously cancelled an international tender for the port of Alexandroupolis, in the extreme northeast corner of Greece, just west of the border with Turkey. “National security” reasons were cited at the time, as the war in Ukraine had commenced.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greece’s Top Unions Announce April 9 Nationwide Strike
As of now, there is no official announcement on whether workers in public transport systems will join the strike, leaving questions about the availability of buses, metro, and trams on the day.
PM Mitsotakis to Chair New Democracy’s Committee Meeting
Today’s meeting is seen as a crucial opportunity to halt internal disputes within ND and reaffirm unity within the party.
Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy
EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.
The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.
Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year
Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.
Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
