German Co. to Run Greek Airports
World Economy

German Co. to Run Greek Airports

A German firm was this week chosen to take over 14 Greek airports as Athens begins selling off its assets to meet the terms of its bailout deal. It is not the first time Greece’s economic crisis has boosted the coffers of its biggest creditor, France24 reported. The Greek government has agreed to give Fraport, which runs Frankfurt airport among others, along with Greek partner Copelouzos Group the right to run the airports for the next 40 years, according to details of the deal published in the government gazette overnight on August 17. Fraport had won the bidding process for the concession last November for €1.234 billion ($1.41 billion), but Syriza, firmly against privatization, put it on hold when it won power in January.

Short URL : https://goo.gl/l9gMYJ
  1. https://goo.gl/K22kAv
  • https://goo.gl/p0JSZk
  • https://goo.gl/M3ZFOu
  • https://goo.gl/5EGduz
  • https://goo.gl/XZ9OW5

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...