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Athens Macedonian News Agency: News in English, 16-11-11

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Dombrovskis on Greek debt, primary surpluses and growth
  • [02] Government aims to close second review on Dec 5, gov't spokesman Tzanakopoulos says
  • [03] Aegean Airlines revenue up 3.0 pct in Jan-Sept

  • [01] Dombrovskis on Greek debt, primary surpluses and growth

    European Commission vice president Valdis Dombrovskis appeared positive over strong growth rates in Greece in 2017, meeting deficit and primary surplus targets in questions posed by European parliament vice president Dimitris Papadimoulis during the Economic and Monetary Policy Committee of the European parliament meeting on Friday.

    On the debt, Dombrovskis said that it is part of the negotiations of the second programme review and reassured over Commission's contribution to an agreement.

    Addressing Dombrovskis, Papadimoulis said "I refer to your statement two days ago in the Eurogroup meeting regarding the primary surplus. On your estimates growth and economy in Greece as well as on the primary surplus for 2017". He also quoted European Commissioner Pierre Moscovici's statements that he believes necessary and possible the completion of the second review as well as the agreement for the debt as described in May 2016 with the participation of the IMF and with a decision for short term debt relief measures in 2016.

    Dombrovskis said that the Greek economy has already returned to growth. We expected 0.3 percent recession but also a 2.7 percent economic increase and strong growth in 2017, so the Greek economy is returning to growth.

    in 2016 and at 2.5 pct of GDP and will continue to drop to 1 percent in 2017.

    Referring to the primary surplus in 2017, he said that it is 1.75 pct of GDP for 2017 something that is absolutely feasible.

    On the measures for the debt he said that it is something we have already touched in May's Eurogroup, the long-term, short-term and mid-term measures, and we are working to this direction. The discussions for the debt will be part of the negotiations within the context of the second review of the Greek programme. Of course, he said, we are not Greece's lenders, but the Commision will play its role to facilitate this agreement.

    [02] Government aims to close second review on Dec 5, gov't spokesman Tzanakopoulos says

    The aim of the government is to close the second programme review on December 5, implement medium term measures on debt and then discuss medium term and long-term measures on debt, government spokesman Dimitris Tzanakopoulos said on Friday in a press briefing.

    He also added that a contact between Prime Minister Alexis Tsipras and newly elected US President Donald Trump is possible over the next period.

    [03] Aegean Airlines revenue up 3.0 pct in Jan-Sept

    Aegean Airlines on Friday reported a 3.0 pct increase in its consolidated revenue in the January-September period and a 6.0 pct rise in passenger traffic to 9.8 million.

    Aegean Airlines and Olympic Air carried a total of 4.5 million passengers in domestic flights in the nine-month period, an increase of 2.0 pct compared with the same period last year, while passenger traffic in international flights totaled 5.3 million, up 10 pct over the same period.

    The Group said its third quarter consolidated revenue grew 7.0 pct to 416.3 million euros, while net after tax earnings rose 11 pct to 74.9 million euros. Nine-month revenue totaled 819.9 million euros and after tax earning amounted to 51.2 million euros, partly offsetting the impact of a weak first half.

    Cash reserve, including short-term financial investments, totaled 299 million euros.

    Commenting on the results, Dimitris Gerogiannis, chief executive of Aegean Airlines said: "the airline managed to improve occupancy and to strengthen its position in its main bases and to achieve higher profits". Gerogiannis said the management remained cautious over the remaining of the year because the airline largely depended on domestic demand in the last quarter of the year.


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