Athens News Agency: News in English, 03-07-07

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

CONTENTS

[01] Foreign Exchange Rates - Tuesday

[02] Weather Forecast: Sunny in many areas on Tuesday

[03] New Cabinet sworn in, holds first meeting

[04] ASE ends above 2,000 mark on Monday

[01] Foreign Exchange Rates - Tuesday

Reference buying rates per euro released by the European Central Bank

U.S. dollar 1.145

Pound sterling 0.694

Danish kroner 7.494

Swedish kroner 9.275

Japanese yen 135.1

Swiss franc 1.567

Norwegian kroner 8.353

Cyprus pound 0.591

Canadian dollar 1.542

Australian dollar 1.680

[02] Weather Forecast: Sunny in many areas on Tuesday

Hot, sunny weather is forecast in many parts of the country. Scattered showers are expected in the centre and north. Winds northerly, moderate to strong, turning very strong in the southeastern Aegean. In the north, temperatures will range from 18C to 30C; on the rest of the mainland from 20C to 33C; and in the islands from 22C to 29C. Temperatures in Athens will range between 23C and 32C; and in Thessaloniki from 21C to 30C.

[03] New Cabinet sworn in, holds first meeting

The ten new members of prime minister's Costas Simitis government were sworn in Monday morning before President of the Republic Kostis Stephanopoulos and the premier, following Friday's announcement of changes in the government's composition.

After the swearing-in ceremony, the newly-reshuffled Cabinet commenced its first meeting, chaired by Simitis.

Addressing the Cabinet in its new composition, Simitis said that he would closely monitor the advancement of the government's work in all sectors.

He also warned his Cabinet that he would brook no delays in carrying out the government's programme and was prepared to make more changes if it proved necessary.

The premier further called on all Cabinet members to rally together to advance the two basic goals of the government, which were a strong economy and a strong society.

[04] ASE ends above 2,000 mark on Monday

Greek stocks soared to new highs for the year in the Athens Stock Exchange on Monday supported by strong buying interest and a positive trend in other European markets.

The general index soared 3.54 percent to end above the 2,000 level for the first time in months, at 2,015.66 points, with turnover an improved 199.5 million euros.

The Publication, Insurance, Bank, Holding, Construction and Investment sectors scored the biggest percentage gains of the day (11.25 percent, 7.86 percent, 4.91 percent, 4.84 percent, 4.83 percent and 4.44 percent, respectivey).

The FTSE/ASE 20 index for blue chip and heavy traded stocks jumped 3.65 percent higher, the FTSE/ASE MID 40 index rose 3.90 ercent, the FTSE/ASE SmallCap 80 index soared 4.37 percent and the wider FTSE/ASE 140 index ended 3.77 percent up.

Broadly, advancers led decliners by 337 to 17 with another 13 issues unchanged.

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