Greece will miss its revenue target from asset sales this year due to delays in a 1.2 billion euro airport deal, the head of its privatisation agency said on Wednesday, in a setback to efforts to meet the terms of its new bailout.
As part of its commitments under the 86 billion euro ($97 billion) rescue loan from international creditors, Greece aims to raise 1.4 billion euros from privatisations this year.
It has a patchy record of meeting such targets, and Stergios Pitsiorlas said reaching the 2015 figure was also now “unfeasible”.
“On the other hand, I think it is realistic that we achieve the 2016 targets,” he told Reuters in an interview.
Greece aims to cash in 3.7 billion euros from asset sales next year and 1.3 billion euros in 2017.