Mail­lis fac­tory poised to close

Kathimerini English - - Focus -

The fac­tory of pack­ag­ing com­pany Mail­lis in the in­dus­trial zone of Alexan­droupoli is likely to shut down, ac­cord­ing to the pres­i­dent of the Evros La­bor Cen­ter, Ef­s­tathios As­pi­o­tis. As­pi­o­tis told re­gional me­dia he had re­ceived in­for­ma­tion that owner HIG Lux­em­bourg Hold­ings is prepar­ing to shut down the plant, which has 59 em­ploy­ees, by Fe­bru­ary 2018. The par­ent com­pany con­sid­ers the unit’s op­er­a­tion non­prof­itable, As­pi­o­tis said.

Tus flights. Cypriot car­rier Tus Air­ways is ex­pand­ing to Athens and Rome next month, launch­ing di­rect flights be­tween Athens and Lar­naca from De­cem­ber 1 three times a week with one-way fares from 65 eu­ros in­clud­ing taxes, an 8-kilo piece of hand lug­gage, a meal and re­fresh­ments. Next year Tus plans to serve 16 des­ti­na­tions.

Fa­mar, a phar­ma­ceu­ti­cal and health and beauty ser­vices com­pany founded in 1949 in Greece, yes­ter­day an­nounced in Paris that Ian Muir had been ap­pointed as its new chief ex­ec­u­tive of­fi­cer.

Bul­garia’s gross do­mes­tic prod­uct ex­panded by 3.9 per­cent year-on-year in the third quar­ter of 2017, of­fi­cial data showed yes­ter­day. Ac­cord­ing to flash es­ti­mates re­leased by the coun­try’s Na­tional Sta­tis­ti­cal In­sti­tute (NSI), Bul­garia’s GDP at cur­rent prices was 27.3 bil­lion lev ($16.3 bil­lion). on six West­ern Balkan states – Al­ba­nia, Bos­nia, Kosovo, Mon­tene­gro, the For­mer Yu­goslav Repub­lic of Mace­do­nia and Ser­bia – found their bank­ing sys­tems were plagued by lack of fund­ing, a high level of bad loans and poor bank­ruptcy pro­ce­dures.

The world’s big­gest brewer, An­heuser-Busch InBev, is re­plac­ing its North Amer­i­can chief to stem a years­long sales de­cline in its largest mar­ket. The maker of Bud­weiser and Bud Light said on Mon­day that Joao Cas­tro Neves would be suc­ceeded on Jan­uary 1 by an­other Brazil­ian com­pany vet­eran, Michel Douk­eris, cur­rently chief sales of­fi­cer of the global busi­ness. Douk­eris, a 44-year-old Brazil­ian ci­ti­zen with Greek an­ces­try, last year moved his fam­ily to New York, the de facto headquarters of what is one of Europe’s big­gest com­pa­nies with a mar­ket value of about $200 bil­lion.

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