Athens - After years of failed privatization attempts, the Greek government sealed a deal Friday with the country's largest buyout firm, Marfin Investment Group, for the sale of debt-ridden carrier Olympic Airlines, said Development Minister Kostis Hatzidakis.
The deal involving Marfin (MIG) comes a month after the conservative government made a last-minute appeal for investors to rescue Olympic, after an international tender failed to produce satisfactory offers.
Athens - After years of failed privatization attempts, the Greek government sealed a deal Friday with the country's largest buyout firm, Marfin Investment Group, for the sale of debt-ridden carrier Olympic Airlines, media reports said.
The deal involving Marfin and Swissport, a subsidiary of Spain's Ferrovial, comes a month after the conservative government made a last-minute appeal for investors to rescue Olympic, after an international tender failed to produce satisfactory offers.
Athens/Nicosia - Rival leaders seeking a solution to reunify the divided Mediterranean island of Cyprus will begin discussion of European Union issues next week, United Nations officials said Thursday.
Greek Cypriot President Dimitris Christofias and Turkish Cypriot leader Mehmet Ali Talat completed weeks of talks in the settlement of the property issue, which includes the exchange of properties, compensation and how properties might be returned.
Athens - US firm Chrysler Aviation made a bid of 210 million euros (263 million dollars) for ailing Greek state airline Olympic on Wednesday, in a surprise response to the government's last-ditch effort to rescue the debt-ridden carrier.
Greece's conservative government is currently in negotiations with Marfin Investment Group and Swissport over the sale of Olympic Airlines and reports said the deal is expected to be finalized this week after years of failed privatization attempts.
Athens - A bomb exploded outside a Citibank branch in Athens on Monday, causing damage but no injuries, Greek news reports said.
Athens - After years of failed privatization attempts, the Greek government sealed a deal Friday with the country's largest buyout firm, Marfin Investment Group, for the sale of debt-ridden carrier Olympic Airlines, said Development Minister Kostis Hatzidakis.
Athens - After years of failed privatization attempts, the Greek government sealed a deal Friday with the country's largest buyout firm, Marfin Investment Group, for the sale of debt-ridden carrier Olympic Airlines, media reports said.
Athens - A businessman was seriously injured in a car bomb blast in Athens Friday.
Athens/Nicosia - Rival leaders seeking a solution to reunify the divided Mediterranean island of Cyprus will begin discussion of European Union issues next week, United Nations officials said Thursday.
Athens - US firm Chrysler Aviation made a bid of 210 million euros (263 million dollars) for ailing Greek state airline Olympic on Wednesday, in a surprise response to the government's last-ditch effort to rescue the debt-ridden carrier.
