immediate launching of privatisations will be a
decisive step towards restoring confidence and
improving investor sentiment in the country. They
will highlight the investment advantages and
prospects of the economy, gradually rekindling
investor interest and the inflow of funds from
abroad, and ultimately helping meet fiscal adjust-
ment targets, reduce public debt, and restore sus-
tainable growth.
It is worth noting that 2 new privatisation agree-
ments were signed in 2015, while a total of 5 new
tenders were launched. At the same time, consid-
erable progress was made in regard to develop-
ment tenders that have already been completed,
with the aim of expediting the signing of the final
contracts.
The progress
of the privatisation programme
More specifically, as far as agreements for the pri-
vatisation of infrastructures and corporate portfo-
lios are concerned:
• On April 24, 2015
, HRADF signed an agree-
ment for the granting of the exclusive right to
organise and conduct mutual betting on horse
races in Greece to “Horse Races SA” for a period
of 20 years, against a final price of 40.2 million
euros. HRADF has already received the first two
instalments, which account for 50% of the price,
while the remainder is expected to be paid on
January 08, 2017.
• On December 14, 2015,
the Fund signed the
concession agreements for the development of 2
groups of regional airports, more specifically:
Group A:
the airports of Thessaloniki, Kavala,
Corfu, Kefalonia, Zakynthos, Aktion, and Chania.
Group B:
the airports of Mytilene, Skiathos,
Samos, Mykonos, Santorini, Kos, and Rhodes.
The contracts were signed by the Greek
Government, the HRADF and the concessionaire,
the FRAPORT AG-SLENTEL Ltd consortium, and
provide for the granting of rights for the use, man-
agement, development, extension, maintenance,
and operation of these airports, as well as of the
commercial or other premises located within the
airports. It should be noted that ownership of the
Trade with Greece
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