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Athens News Agency: News in English, 09-03-11
CONTENTS
[01] OA contracts approved
[01] OA contracts approved
Development Minister Kostis Hatzidakis announced on Wednesday that the
Interministerial Privatisation Committee, that convened in the
afternoon, approved contracts on the privatisation of the two out of
the three companies related to Olympic Airlines, Flight Work and
Technical Base, while speaking at the end of the session.
The Committee decided officially that the contracts, when completed,
since negotiations on the third company, Land Service, will continue
until Friday afternoon, will be forwarded to Parliament for
ratification.
The minister explained that negotiations regarding the Land Service
company with Swissport are under way and if there is no positive result
by Friday afternoon this company will also be purchased by MIG, which
has committed itself for such and eventuality.
"Today, we have concluded a long and difficult 18-month course. It is
not by chance that this course is concluding positively," the minister
said, adding that the companies no longer have the burdens and debts of
the past that had discouraged investors in the previous privatisation
efforts.
Hatzidakis also stressed that employees are fully safeguarded with a
special law that covers them with backing for their pensioning right by
a number of work stamps and, even more, by a transfer to other services
in the public sector, while all employees are covered absolutely with
no decrease in their income.
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