ECONOMY

Nireus expects resilient demand for fish products

Nireus Aquaculture, Greece’s largest fish-farming company, said yesterday demand for fish products is not expected to be dented by the ongoing economic crisis and it anticipates a rebound in the price of sea bream. Nireus’s net profit in 2008 amounted to 1.1 million euros versus 14.9 million euros in the previous year. Aristides Belles, chairman of Nireus, said 2008 was a difficult year due to lower prices and the credit crunch. «Aquaculture is one of the few sectors in which demand is not expected to be much affected by the general crisis,» he said. «It is our belief that in aquaculture, where prices are cyclical, there will be a rebound after a period of lows.»