Athens News Agency: News in English, 11-04-19

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Commission discusses privatizations program

[02] PM chairs meeting on tourism ļ»æ

[01] Commission discusses privatizations program

According to sources, the Commission agreed to push on with a survey on reforms in the energy sector, including the future of DEPA and a plan to separate its subsidiary DESFA along with an option right by Public Power Corporation to buy the company. The survey is expected to be ready after the Easter holidays and a tender for the companyās sale will be made later this year.

The meeting also discussed privatization procedures for Hellenic Telecommunications Organization while the government is expected to hire consultants in a drive to make a more efficient management of the stateās real estate property. Sources said that representatives of PMU (Paris Mutuel Urbain), the French state-controlled totalizator that controls the pari-mutuel betting on horseracing in France and Europe's largest betting organisation, with annual turnover of 9.5 billion euros, attended the meeting expressing interest in an anticipated tender for the sale of ODIE, Greeceās state organisation of horse racing and betting.

Under the Medium-term Fiscal Strategy Framework, the government plans to sell an additional equity stake in Hellenic Telecoms this year, selling up to 31 pct of DEPA in 2011, selling Trainose and Larco this year, selling up to 17 pct in PPC in 2012 (with the state maintaining control and management) and selling the stateās equity stake in OPAP -Greeceās state lottery. The government expects to raise 15 billion euros from privatizations by 2013 and a total of 50 billion euros by 2015.

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ļ»æ

[02] PM chairs meeting on tourism

Sources said that the prime minister intends to review what has been done in the tourism sector over the past year and announce the government's plans for the sector. A series of proposals have apparently been put forward and these are to be examined on a bilateral basis between ministries. There is a consensus among government members to keep things low key, given that the tourism season extends over a long period that begins in early spring and ends in mid-November and can be easily affected by surprise developments.

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