Athens Macedonian News Agency: News in English, 15-10-08

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

CONTENTS

[01] Greek 2015 recession to be lower than expected, Economy Min Stathakis says

[02] Aegean Airlines says passenger traffic exceeded 9 mln in Jan-Sept

[01] Greek 2015 recession to be lower than expected, Economy Min Stathakis says

He argued that this positive development is due to higher revenues from tourism, less than expected repercussions from capital controls and additional 4.5 billion euro funds related to the National Strategic Reference Framework (NSRF).

The return to growth, he noted, must be accompanied by a strong social policy and is dependent on five key points:

- the stabilization of the banking sector and the settlement of bad loans

- the use of funding tools and the development law to be voted next month

- the establishment of a development bank that will work as a funding tool until the implementation of the 'Juncker plan'

- the unification of the public contracts

- the setting up of development council at the Finance ministry

[02] Aegean Airlines says passenger traffic exceeded 9 mln in Jan-Sept

Passenger traffic by Aegean Airlines and Olympic Air totaled 4,267,754 passengers, 696,000 more compared with the same period last year, for an increase of 19 pct. In the July-September period, passenger traffic totaled 2,358,122 in its international flight network, up 29 pct from 2014, while international passenger traffic was up 28 pct in September to 709,000.

Domestic passenger traffic grew 9.0 pct in the nine-month period, compared with 2014, for a 22 pct increase in the July-September period.

Dimitris Gerogiannis, chief executive of Aegean, urged the state to upgrade the infrastructure of smaller airports.

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