Greek private islands to be auctioned off

Greek private islands to be auctioned off

Two private islands - Spalathronissi and Fidonissi in northern Aegean - are up for sale, and both are expected to be auctioned off shortly, the auction house in charge of their sale announced on Monday .
Myro Antiques House owner Stavros Myronidis told ANA-MPA that the owners of Spalathronissi have already rejected an 8.5-million-euro offer by a private investor insisting that they will not sell their property if offers are under 10 million euros. In total, eight offers have been tabled for the specific island by Greek and foreign investors.

According to Myronidis, the "buy it now option" still stands, namely, to sell the island for 15 million euros without going through an auction. It received an extension giving to those interested more time to collect the necessary documents for their participation in the procedure.

Spalathronissi, covering an area of 103,782 sqm, is the first Greek island offeredfor sake through an auction. It is located in the region of Neos Maramaras at Toroneos Bay, between Porto Carras and Porto Koufo in northern Greece, roughly 500 meters off the coast of Sithonia, the central part of Halkidiki Peninsula.

The second private island expected to be auctioned off soon is Fidonissi (160,000 sqm) located in northeast Aegean, roughly 1.5 nautical miles off the coast of Iraklitsa in the prefecture of Kavala.

Troika asks TAIPED to accelerate privatisation programme
The heads of Greece's troika of international creditors on Monday asked the management of the Hellenic Republic Assets Development Fund (TAIPED) to speed up the privatisation programme and adopt a more flexible decision-making process.
The troika representatives visited the TAIPED headquarters late on Monday afternoon and were briefed by the fund's management on the programme's implementation progress. Fund officials said that taking into account the expected proceeds from state betting organisation OPAP's sale, the target of revenues of 1.5 billion euros by the end of the year seems to be achievable.

However, troika officials requested that privatisation plans scheduled for 2014 (such as EYDAP, EYATH, Ports, DEPA) should get under way in the current year with the aim of the state collecting an additional 2.5 billion euros. They also asked the acceleration of a "sale and lease back" plan relating to 28 state properties.

TAIPED officials said that the plan was mature, but could not go ahead as the fund has no president at the moment and so its board cannot be convened.