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.
Oil prices rose above $60 due to Iran's call for oil production cut
Economic growth in the Euro-Zone is not at desired levels.
Director and Global Head of Islamic Finance at Standard & Poor's says that growing market for sukuk and new players mark 'significant interest' in Islamic finance.
The Ministry of Finance said that Denmark has written to China to "announce its intention to apply to be a founding member" of the AIIB.
Experts state that the crisis poses risks to the region, which is significant for oil production and exports in the world.
Federal Reserve removes word 'patient;' interest rate increase expected within months. Yellen says timing of rate rise 'not decided,' but will come anytime after April; holds current rates at 0 to 0.25 pct.
Many emerging-market currencies have fallen against the dollar in recent weeks
Anticipated Federal Reserve interest rate hikes making dollar strong against most emerging market currencies, Deputy Prime Minister Ali Babacan says.
European Statistical Agency says slight decline fuelled by drop in production of durable consumer goods.
EU will use all its foreign policy instruments to establish strategic energy partnerships with producing and transit countries.
Dollar strength and waning investor confidence are driving the lira lower
Greece has already received two bailouts totalling 240 billion euros but fellow euro zone member Ireland said last week that it would have to negotiate a third programme.
The Ukraine crisis has tested the loyalties of Bulgaria, a Balkan country with historical ties to Moscow and heavily dependent on Russian energy supplies.
Syria expels three United Nations aid workers hindering aid development in the country
Russia has overcome a "psychological barrier" and is ready to deepen its economic ties with China, Deputy Prime MinisterArkady Dvorkovich said
With Chancellor Angela Merkel's right-left coalition plus the opposition Greens, it was the biggest majority for any euro zone rescue package so far in the 631-seat chamber.