TrainOSE

Privatization projects concerning rail service operator Trainose and carriage maintenance company Rosco have remained frozen over the last four months as the State Audit Council has yet to rule on the legitimacy of the concession contract of 100 percent of Trainose.

Unlike most company chiefs in Italy, the head of state railway operator Ferrovie dello Stato says he is not too worried about a December 4 referendum that could unseat Prime Minister Matteo Renzi's government.

The draft budget tabled on Monday in Parliament provides for major privatization projects to start fetching revenues into the state coffers from 2017, as they will not be completed before the new year.

They concern the regional airports, gas grid operator DESFA, railway service operator Trainose, the Elliniko development in southern Athens etc.

State sell-off fund TAIPED saw its management crisis escalate on Thursday night after one of the three remaining governing board members disagreed with decisions promoted by the other two.

The country's creditors have already been made aware of the problem, which began when TAIPED head Stergios Pitsiorlas's was made deputy economy minister.

Greek ministers are trying to raise fresh obstacles to foreign investments despite the prime minister's invitations to investors to put their money in Greece.

A young woman died on Saturday night after being hit by a passing Trainose train in Imathia, northern Greece, local authorities said.

Initial reports suggested the incident took place between the areas of Palaiohori and Alexandreia.

An investigation was under way to determine the precise cause of the fatal accident.

The government is again trying to hamper the privatization process of Rosco, the company responsible for the maintenance of Trainose rail carriages, managing to put it off by at least a couple of weeks.

The government is again trying to hamper the privatization process of Rosco, the company responsible for the maintenance of Trainose rail carriages, managing to put it off by at least a couple of weeks.

Greece has extended by three weeks to October 3 a deadline for the submission of expressions of interest in the sale if its rail maintenance firm Rosco, the country's privatization agency said on Thursday.

The sale was relaunched in July after a previous tender was inconclusive and investors were originally due to submit documentation to take part in the process by September 12.

Service on Greece's national and suburban (Proastiakos) railways was expected to be suspended Monday through Wednesday, as unions have called for continuous rolling strikes following a decision by the country's privatization fund, TAIPED, to accept a bid for the sale of a 100 percent stake in Greek railway operator Trainose.