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Athens News Agency: News in English, 08-11-27
CONTENTS
[01] Greek stocks end 1.84% up
[02] Investment prospects in fYRoM touted
[01] Greek stocks end 1.84% up
Greek stocks ended higher at the Athens Stock Exchange on Thursday, in
line with a positive trend prevailing in other international markets.
The composite index rose 1.84 pct to end at 1,908.18 points, with
turnover a low 166.9 million euros, of which 23.6 million were block
trades.
Most sectors moved higher, with the Food/Beverage (4.22 pct),
Telecommunications (4.13 pct), Healthcare (3.53 pct) and Utilities
(2.43 pct) scoring the biggest percentage gains of the day, while
Constructions (2.31 pct), Personal/Home Products (1.76 pct) and
Commerce (1.69 pct) suffered losses.
The FTSE 20 index rose 1.71 pct, the FTSE 40 index ended 0.42 pct
higher and the FTSE 80 index rose 0.08 pct. Broadly, advancers led
decliners by 140 to 74 with another 54 issues unchanged.
[02] Investment prospects in fYRoM touted
Greece is amongst the biggest foreign investors in the neighbouring
former Yugoslav Republic of Macedonia (fYRoM), according to figures
presented during an event on investment opportunities in the country,
hosted on Thursday by the Federation of Northern Greece Industries in
Thessaloniki. According to official statistics, 80 percent of
companies belonging to Greek interests active in fYRoM's textiles
sector (totaling 58 companies) are found in the southern part of the
country, primarily in the vicinity of Bitola and Gevgelija, and employ
roughly 6,000 people. Food and beverages is another sector with an
increased Greek business presence. Specifically, a total of 22
companies employ 2,500 people, with roughly half operating in the city
of Skopje or its outskirts. The economic and trade secretary at the
Greek Liaison Office in Skopje, Eleni Karayanni, noted that the
distribution of Greek investments in the neighbouring country shows
that 28 percent involves the banking sector; 25 percent in energy; 17
percent in telecoms; 15 percent in industrial production; 10 percent in
the food and beverages sector, while 5 percent is in other sectors.
Most opportunities for Greek investments are found in the sectors of
energy, transportation and IT technology, according to speakers at the
event, which was attended by entrepreneurs from both countries.
Caption: A worker cuts iron parts for recycling in the old iron
reprocessing plant at Makstil, one of the former Yugoslav Republic of
Macedonia's (fYRoM) biggest metal processing factories, located in
Skopje, 20 October 2008. The Makstil plant has so far not been
adversely affected due to the fact that the company produces final
products already ordered by its customers. ANA-MPA/EPA/GEORGI LICOVSKI
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