New ob­sta­cles to sell-offs


Greek min­is­ters are try­ing to raise fresh ob­sta­cles to for­eign in­vest­ments de­spite the prime min­is­ter’s in­vi­ta­tions to in­vestors to put their money in Greece.

A min­is­te­rial de­ci­sion signed on Wed­nes­day by En­vi­ron­ment and En­ergy Min­is­ter Panos Sk­ourletis re­jected the ap­pli­ca­tion that El­do­rado Gold sub­sidiary Hel­lenic Gold sub­mit­ted in Septem­ber re­gard­ing the com­ple­tion of the li­cens­ing process for the min­ing unit at Stra­toniki (Man­tem Lakkos).

Mar­ket ob­servers noted that the Cana­dian com­pany has al­ready for­warded the is­sue to its le­gal de­part­ment so that it can take re­course to the Coun­cil of State again.

At the same time, the man­age­ment of rail­way ser­vice op­er­a­tor Train­ose – ob­vi­ously with the ap­proval of Trans­port Min­is­ter Chris­tos Spirtzis – has started mak­ing changes to the com­pany’s or­ga­ni­za­tional struc­ture just be­fore Italy’s Fer­rovie takes over. It ap­pears that the last-min­utes changes are aimed at “help­ing friends.”

An­other is­sue is the pri­va­ti­za­tion of the Cas­siope plot in north­ern Corfu, which started some five years ago and even now, when it is about to be com­pleted, is fac­ing de­lays: Al­though it should be fin­ished by next Wed­nes­day, some new pa­per­work de­manded by the gov­ern­ment means the process will be pro­longed fur­ther.

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