BREAKING NEWS

BREAKING NEWS

Greece unveils new heads at privatisation agency

Now Reading:

Greece unveils new heads at privatisation agency

Text size Aa Aa

Greece has appointed new management at the country’s privatisation agency (HRADF), which is expected to play a key role in implementing the leftist government’s plans to limit further state asset sell-offs.

Prime Minister Alexis Tsipras’ government is opposed to some key asset sales, but has promised not to cancel completed privatisations and only review some tenders as part of the terms of a four-month extension of its bailout programme, agreed with international creditors last month.

Analysts say unlike before, income now generated from the privatisation policy will be used for social policies and not to service debt.