Vol­un­tary exit scheme in­flicts Q2 losses on OTE

Kathimerini English - - Front Page -

OTE, Greece’s big­gest tele­coms op­er­a­tor, re­ported a sec­ond-quar­ter loss last week, hit by the one-off costs of a vol­un­tary re­dun­dancy scheme, but said its do­mes­tic busi­ness was hold­ing up rel­a­tively well de­spite the eco­nomic cri­sis, re­port­ing lit­tle change in its do­mes­tic rev­enues in the quar­ter. OTE also said con­tin­ued in­vest­ment would

Tourism. Greeks are tak­ing 20 per­cent fewer trips within the coun­try this month, com­pared to last Au­gust, due to the cap­i­tal con­trols, says the as­so­ci­a­tion of tourism pro­fes­sion­als (SETE). Main­land re­sorts like Par­alia Ka­teri­nis are ben­e­fit­ing as a re­sult.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.