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Greek government postpones sale of ports

The privatization of Greece's state-owned Port of Piraeus, agreed upon during the negotiations with creditors in the debt crisis, will have to wait a little longer. The developments is caused by Greek bureaucracy.

Photo: Gorm Olesen

The Greek government has been forced to postpone the sale of shares in the state-owned port Piraeus, reports IHS Maritime 360.

As part of an agreement between the government and its creditors following the country's debt crisis, the port of Piraeus was set to be privatized, alongside the major port in Thessaloniki, to raise funds for the state.

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