Fraport confident about sealing airports deal soon
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.