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Athens News Agency: News in English, 09-07-17

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

From: The Athens News Agency at <>


  • [01] President receives MIG chief

  • [01] President receives MIG chief

    President of the Republic Karolos Papoulias on Friday received Marfin Investment Group (MG) chairman Andreas Vgenopoulos.

    To a relevant question by the President on his arrival, Vgenopoulos replied that the preparations for the group's assumption of the activities, as of October 1, of Olympic Air (OA) -- as the ailing national carrier Olympic Airways has been renamed following its recent acquisition by MIG -- "are progressing very satisfactorily".

    Asked by the President on how MIG was faring amidst the global financial crisis, Vgenopoulos replied that "everyone is working hard under very adverse conditions", adding that "it appears that the crisis is continuing".

    He noted, however, that there have been "optimistic messages", mainly from the US, where indications are that there will be somewhat of a reversal by the end of the year.

    "If this is the case the impact, unfortunately, will not be immediate on Greece. We have a very difficult period ahead of us," Vgenopoulos added.

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