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Europe Daily Bulletin No. 8532

2 September 2003
Contents Publication in full By article 35 / 45
GENERAL NEWS / (eu) privatisation

- Greece: The Greek Telecommunications and Transport Minister has announced the creation of OLYMPIC AIRLINES, a new airline to replace OLYMPIC AIRWAYS, which is over-indebted. In 2002, the losses suffered by OLYMPIC AIRWAYS were between EUR 3 and 4 million compared to 144 million in 2001. In parallel, the finance minister announced that three Greek banks have begun negotiations with potential buyers for privatising a new company in the aim of using the funds raised to cover its debt. The...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
WEEKLY SUPPLEMENT