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Home Economics

Greece is ready to sell its ports

by Daniel Brown
2014/06/09
in Economics, HOME
Reading Time: 1 min read
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As part of the privatization program, the Greek government is going to sell all the major ports with the expectation that such a move would allow the country to attract billions of euros of investment and create more jobs, analysts TeleTrade.

Thus, under the sale serves 13 major ports and planned to conduct separate negotiations on investments in small ports. The Government is confident that private management companies will be able to be more effective and more aggressive behavior on the market. According to analysts TeleTrade, Greece wants to use its geographical position and the main goal is not to raise money and attract more business investment. Greece is on the crossroads between Europe, Asia and Africa, and these trade routes are the busiest in the world.

Until recently, Greece was quite hostile to the sale of state assets and with more suspicious of foreign investment. Today, after the decision of privatization of large ports, the government ceased to create obstacles and barriers to private investment.

Tags: governmentGreeceinvestmentportsprivateprivatization
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