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    All of the completed tenders for the privatization of state property in Greece are final and will not be reconsidered - finance ministry

    Greek Privatization Tenders Final, Finance Ministry Says

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    Greek Finance Ministry said that all of the completed tenders for the privatization of state property in Greece are final and will not be reconsidered.

    ATHENS (Sputnik) – All of the completed tenders for the privatization of state property in Greece are final and will not be reconsidered, a representative of the country's Finance Ministry has stressed.

    The representative refused to comment on any specific tenders, but added that the pending tenders will be completed in accordance with the law.

    Last week, Eurozone finance ministers reached an agreement with Athens, extending Greece's bailout for four months.

    Eurozone finance ministers approved the extension of the Greek bailout on Tuesday, a day after the Greek government sent a list of reform measures it plans to implement to the European Commission and the International Monetary Fund (IMF). Greece is required to conduct certain reforms in order to receive the next tranche of aid from international creditors.

    Greece currently owes around $270 billion to the troika of creditors comprising the European Union, the European Central Bank and the IMF in loans issued over Greece's sovereign debt crisis.

    The left-wing Syriza party that won in Greece's most recent elections has promised to revise the country's bailout terms amid public discontent with the severe austerity measures, which include pay cuts, pension cancellation and other structural reforms as well as the privatization of government assets such as ports, railways and other institutions.

    Russian Railways is among the companies bidding on the privatization of a railroad network and a port in the Greek city of Thessaloniki.

    Topic:
    Greece's Gordian Knot: Syriza Tackles Austerity (404)

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