State assumes control of Athens Concert Hall after covering debts
- Written by E.Tsiliopoulos
The Athens Concert Hall, known locally as the “Megaron”, the foremost major arts centre in the country, has come under state ownership after the government agreed to cover its bank debts to ensure its survival, it was announced on Wednesday.
The decision came through an amendment signed by Finance Minister Euclid Tsakalotos and Culture Minister Aristidis Baltas. According to the amendment, the state will receive ownership of the entire building complex (170,000 sq.m) and assume its debts, excluding those already collected or netted with other obligations.
In return, the state will hold the right to select eight out of the 11 board members (six by the culture minister, two by the finance minister) while the remaining three will be proposed by the Friends of Music Society.
Related items
-
PSEKA demarche to Congress and White House for Turkish F-16s
-
Former SYRIZA minister protests against war in Iran with portrait of Khamenei
-
Reactions in Congress regarding Turkish F-16s in occupied territories
-
The Roma family with the golden sovereigns declared zero taxable income, owned villas and luxury cars
-
Polish national arrested on espionage charges on Crete
Latest from E.Tsiliopoulos
- PSEKA demarche to Congress and White House for Turkish F-16s
- Former SYRIZA minister protests against war in Iran with portrait of Khamenei
- Reactions in Congress regarding Turkish F-16s in occupied territories
- The Roma family with the golden sovereigns declared zero taxable income, owned villas and luxury cars
- Polish national arrested on espionage charges on Crete