Fra­port con­fi­dent about seal­ing air­ports deal soon

Kathimerini English - - Focus -

FRANK­FURT (Reuters) – Fra­port is con­fi­dent it can sign con­tracts for an air­ports con­ces­sion in Greece in the next three to six months, its chief ex­ec­u­tive said yesterday. “We are in very in­ten­sive talks with Greece,” Ste­fan Schulte stated. Greek Econ­omy Min­is­ter Gior­gos Stathakis said in Au­gust that the 1.2-bil­lion-euro deal may be wrapped up in March. Greece named Fra­port and its Greek part­ner, energy firm Copelouzos, as the pre­ferred bid­der to op­er­ate 14 air­ports in tourist des­ti­na­tions, in­clud­ing Corfu and San­torini, at the end of last year. year ear­lier, led lower by cos­met­ics and phar­ma­ceu­ti­cals, ap­parel, footwear and ve­hi­cle fu­els, sta­tis­tics ser­vice ELSTAT said yesterday. Data on gross do­mes­tic prod­uct have shown re­silience in Greek con­sumer spend­ing, which rose 1.1 per­cent in the sec­ond quar­ter, help­ing the econ­omy to ex­pand by 0.9 per­cent. Sales vol­umes had risen for five months in a row through to Oc­to­ber 2014 on a pickup in con­sumer spend­ing, as the econ­omy showed signs of im­prove­ment af­ter a pro­tracted re­ces­sion. But po­lit­i­cal un­cer­tainty dur­ing ac­ri­mo­nious talks with the coun­try’s lenders to­ward the end of last year hit con­sumer sen­ti­ment. Cap­i­tal con­trols and a three-week bank shut­down Greece im­posed in the sum­mer to avert a mas­sive flight of de­posits took a heavy toll on con­sump­tion in July.

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