Greece

Greece

Establishes Hellenic Republic Asset Development Fund

01 Jul 2011

On 1 July 2011, the Government of Greece established the Hellenic Republic Asset Development Fund (HRADF) for six years (L. 3986/2011), under the medium-term fiscal strategy. The objective of the new law is to depoliticize and professionalize the process of privatisation. The Fund is not under the provisions of the state and is governed by private law. With this move the State abandoned the old privatization process under Law 3049/2002.

  • Type:
    • Entry and establishment (Approval and admission)
  • Industry:
    • Not industry specific
  • Sources: