Greece – Focus Notes (Thursday, 10 January 2019)
Overview of the Greek privatisations programme: Delays challenge investors’ confidence and expected revenue for 2019
The present report, attached herebelow*, looks at the progress of the privatisations programme in recent months, the projects that encounter delays and the developments that are expected to take place in the months ahead.
Privatisations are considered an important policy, not only for their contribution in increasing public revenue and reducing public debt, but, more importantly, as a means to attract FDI for the upgrade of acquired assets, open up regulated markets and improve the business environment. To this effect, the privatisations programme has been present in all three Economic Adjustment Programmes for Greece (2010, 2012 and 2015) and also constitutes an integral part of the Enhanced Post Programme Surveillance framework that Greece is under since the expiration of the 3rd Economic Adjustment Programme in August 2018…..