Galatsi

Greece's privatization agency, TAIPED, said on Wednesday it was seeking a financial adviser for the sale of minority stakes in two water utilities.

Under its international bailout agreement, Greece must sell an 11 percent stake in Athens Water Supply & Sewerage SA (EYDAP) and a 23 percent stake in Thessaloniki Water Supply & Sewerage SA (EYATH).

[Reuters]

Attiko Metro SA, the company responsible for the Athens metro system, on Monday opened the bidding process for a new line connecting some of the Greek capital's most congested neighborhoods and suburbs.

The government is keen to keep a tight grip on state corporations, which is why the transfer of such companies to the new hyperfund for state asset utilization, officially titled Hellenic Holdings and Properties Company SA, has been allowed to drag on. The transfers are a part of the framework of the second review of the third Greek bailout program.

A large fire has broken out at an apartment on the first floor in the northern suburb of Galatsi on 11 Agias Glykerias street, in Athens. Seven fire engines and 21 fire fighters are on the scene. More details as they become available.

The Athens Water Company (EYDAP) said on Thursday it is extending a payment program for consumers with overdue bills of 60 euros or more.

The listed utility said applications to join the scheme will begin on January 2 and that the minimum monthly installment for repaying arrears has been set at 20 euros.

The benchmark index of the Greek bourse declined for the fourth session in a row yesterday, in line with its international peers, where the general feeling was one of nervousness as to what the political landscape will look like after the US election on Tuesday. This also explains the very low trading volume at Athinon Avenue.

Fears of complications in Greece's second bailout review and further tremors in the runup to the US elections weighed on the majority of Greek stocks on Tuesday, with the benchmark giving up close to 1.5 percent.

Having already factored in the disbursement of the 2.8-billion-euro bailout tranche announced on Tuesday, the Greek bourse benchmark continued to sink with most stocks heading south, as trading volume slipped below 20 million euros.

The long-awaited tender for the construction of Line 4 of the Athens Metro is set to take place in early 2017, authorities said Monday.

The extension will link the densely populated suburbs of Galatsi, Kypseli, Kaisariani and Zografou to the other three lines of the metro network.

The government faces a busy week with the latest multi-bill of reforms to go before a vote Tuesday and several loose ends that must be tied up before the country's creditors can sign off on the next loan sub-tranche worth 2.8 billion euros.