Sell-offs are gathering more speed

The government is issuing an open invitation to investors for dozens of business plans and targeted privatizations as it aims to generate some quick revenues. The list includes some of the top assets such as the Anavyssos saltworks, the Afandou golf course and the Tsabika beach plot – both on Rhodes – and even the buildings of the Foreign Ministry on Academias Street, Vassilissis Sofias Avenue and Zalocosta Street. The new cycle of contacts for prospective investors includes the United Arab Emirates, Qatar and Kuwait. Previously there was a presentation made to French funds and to Chinese and South Korean companies. Arab funds have verbally expressed an interest in state plots and in tourism properties.

Reuters