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  • Handelsblatt: Greek economy growing after eight years

    In the first five months of 2018, Fraport announced an 11 percent increase in the number of passengers. The performance was so good that Fraport is already interested in another 23 Greek regional airports, which are managed currently by the state.

    ΤοΒΗΜΑ Team
    Investors for a long time avoided investing in Greece, but that is starting to change, the German newspaper Handelsblatt said in a report on Greece.
    “Greece avoided the danger zone. Grexit is no longer a problem, and the bailout programme ends in August\. After eight years of crisis, the economy is growing again, for the fifth consecutive quarter,” the financial daily said.
    It notes that the TAIPED state privatisation vehicle projects that it will have over two billion euros in revenues this year, reaching its target for the first time since 2011.

    Energy Minister Yorgos Stathakis says that revenues from privatisation could reach a maximum of 15bn euros.

    From the start of the privatisation programme in 2011, there have been 38 privatisations, worth 4.74bn euros, the report notes
    The paper reports that the two billion euro target for 2018 is viable.

    Record tourism expected
    The report says that Greece expects a record number of tourist arrivals this year, and that Fraport has assumed the management of 14 airports around the country last year.
    In the first five months of 2018, Fraport announced an 11 percent increase in the number of passengers. The performance was so good that Fraport is already interested in another 23 Greek regional airports, which are managed currently by the state.

    According to Bank of Greece data, in the first quarter, the number of tourists increased by 14 percent, as compared to the first quarter of 2017.

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