World Bulletin / News Desk
Greece wants binding bids for its state-owned natural gas company andgas grid operator by the end of September and hopes to complete their sale in late autumn as it revives its privatisation drive, a government official told Reuters on Monday.
Hoping to regain credibility with international lenders keeping Greece afloat, the new conservative-led government has made speeding up privatisations a priority but has admitted delays from repeat elections in May and June.
After a meeting between political leaders and the finance minister on privatisations, the official said the government's priorities also included the sale of betting firm OPAP , the old Athens airport and buildings in Athens and on the islands of Corfu and Rhodes.
"What we're aiming for through the privatisations, apart from generating revenues, is to change the role of the state in the economy," the official said on condition of anonymity.
He said Russian, Italian, U.S. and French companies had expressed an interest in the natural gascompany DEPA and gas grid operator DESPA.
Athens initially targeted privatisation proceeds of 50 billion euros ($62 billion) by 2015 but cut the targetto 19 billion euros after a making slow start on the programme.
Former privatisations chief Costas Mitropoulos, who stepped down last month after accusing the government of hindering his efforts to sell assets, estimated that Athens would not raise more than 300 million euros from privatisations in 2012.
It had targetted 3 billion euros for this year.
More than 90 percent of the privatisation programme includes the lease and sale of concessions of state land and infrastructure, the government has said.
While the default will obviously hurt the economy, it will not be as severe as in 2001, economists say
The Czechs, who supported the action, have been against sweeping sanctions, worried about trade relations with Russia
The trade program has been criticized for disproportionately benefiting certain industries and a handful of countries, including Nigeria, South Africa and Angola.
The United Kalavrvta tanker, carrying some 1 million barrels of crude worth about $100 million, arrived off the coast of Texas on Saturday but has yet to unload its disputed cargo.
The uncertainty comes at a bad time for the 18 countries in the euro zone, whose economy is already in the doldrums.
"Kalashnikov regrets that consumers are faced with such a problem," said spokeswoman Yekaterina Boni.
Cairo and Khartoum had earlier accepted a proposal by Addis Ababa to hold the talks in Sudan in the third week of August.
Discounting the bulk of Japan's 48 reactors due to their long-term outage, the report said the number of operating units in the world has fallen to 388, 50 less than the peak in 2002.
Over 200,000 NUMSA-affiliated metalworkers declared a nationwide strike on July 1 to demand a 15-percent pay raise for laborers and a ban on labor brokers
The council said in a statement that any trade in oil ISIL or Nusra Front, would violate United Nations sanctions as both groups have been blacklisted.
The project is being implemented in collaboration with the Ethiopian and Norwegian governments at a cost of over $2.8 million.
Kerry will be heading the U.S. team at the annual Strategic Dialogue with India on Thursday, and will be accompanied by U.S. Commerce Secretary Penny Pritzker.
A total of $610.6 million has been allocated for the implementation of the Ethiopian part of the project, with the funds coming from the Ethiopian government, international financial institutions and donor organizations.
Cukurova Holding to pay back $1.57 billion loan to rival shareholder Alfa by August 1, or face losing control of mobile phone operator
In March, Sweden was among the donor countries that had announced aid cuts to Uganda after the signing of the anti-homosexuality law
A Moscow court told Reuters a regional branch of Rospotrebnadzor had asked it to declare production and sales of some McDonald's products illegal after the watchdog agency carried out inspections of McDonald's restaurants last June.