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Athens News Agency: News in English, 09-01-13
CONTENTS
[01] Consumer protection NGO releases '08 figures
[02] Successful auction of state notes
[01] Consumer protection NGO releases '08 figures
The Consumer Protection Centre (KEPKA), a non-profit NGO based in
Thessaloniki received more 12,000 individual complaints by citizens in
2008, practically matching the number of complaints handled in 2007.
The tax imposed on a second residence toped the list (2,855 complaints,
corresponding to 23.69 percent of all grievances) followed by telecoms
providers (1,438 complaints or 11.93 percent). The agency handled
1,348 complaints for defective products (11.18 percent) in 2008 -- a
decline compared to 2,010 complaints in 2007 -- followed by banking
products (credit cards, loans) with 1,228 complaints (10.19 percent)
and guaranteed-consumer services (665 complaints or 5.52 percent).
Following the centre's intervention and the settlements reached,
consumers received compensations totaling roughly 234,100 euros, a
7-percent increase compared to 2007.
[02] Successful auction of state notes
Greece on Tuesday successfully completed an auction of short and
medium-term notes, raising 2.550 billion euros from the market, the
Public Debt Management Organisation said.
In an announcement, the organisation said that the auction was
oversubscribed as bids submitted totaled 13.2 billion euros, sharply up
from two billion euros which was the value of the issue. The Greek
state raised 1.170 billion euros from the sale of three-month notes,
780 million euros from six-month notes and 600 million euros from
12-month notes. The average weighed interest rate for the three-month
note was set at 2.40 pct (from 2.61 pct the Euribor rate), 2.46 pct for
the six-month rate (2.67 pct) and 2.67 pct for the 12-month note (2.74
pct the Euribor).
The Greek state also auctioned a 52-week note, worth 500 million euros,
with its interest rate set at 2.67 pct. Bids submitted totaled 3.235
billion euros, up 6.47 times the asked sum. The auction was made
through the market's primary dealers and settlement date was set
Friday, Jan. 16, 2009.
Caption: An ANA-MPA file photo showing the exterior of the economy
ministry in downtown Athens.
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