FAGE wins court battle against Chobani
the final court battle in Britain against Turkish dairy firm Chobani over the use of the words ‘Greek yogurt,’ as the Court of Appeal of England and Wales yesterday rejected Chobani’s appeal against a decision banning the Turkish company from using those words on its packaging in the UK unless it used raw materials from Greece.
released yesterday, Finance Minister Yannis Stournaras said this year will be the most prolific on the privatizations front, adding that the government has never contemplated transferring the seat of state sell-off fund TAIPED abroad.
Stournaras estimated that “2014 will be the most efficient year of the program under implementation, with considerable benefits for the Greek state and the country’s economy.”
Nevertheless a series of sell-off projects that should have been up and running since last year are yet to start, while the target for revenues of 2.8 billion euros from privatizations this year which the government and its creditors have agreed between them appears very hard to attain given the obstacles and delays in the process, to say nothing of the official 3.56-billion-euro revenues target. TAIPED officials say those targets harm the fund’s image.