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Athens News Agency: News in English, 09-07-21

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] ASE removes AB Vasilopoulos from market indexes
  • [02] Gov't eyes greater protection for borrowers, bank customers
  • [03] Illegals detained on Crete
  • [04] 1.5bln raised in bill auction

  • [01] ASE removes AB Vasilopoulos from market indexes

    The Athens Stock Exchange on Tuesday announced that it was withdrawing the shares of AB Vasilopoulos SA, a supermarket retailer, from all market indexes and said it will not replace them with shares from any other listed company in the market. The changes are valid as of Thursday, July 23.

    [02] Gov't eyes greater protection for borrowers, bank customers

    Development Minister Costis Hatzidakis on Tuesday unveiled a series of actions aimed at offering better protection to consumers vis-a-vis bank products and services.

    In unveiling the actions, the minister said the financial services and bank products market was very significant and complex, offering solutions to consumers but at the same time it can cause problems, whereas the government is willing to intervene.

    Hatzidakis said the market was recently at the epicentre of "populist criticism" and noted that the government's choice was to take focused legal initiatives, regulatory interventions and information actions to protect consumers.

    He unveiled several actions: operation of a telephone line for consumers; charting of all bank products; counselling support to consumers and legal support; integrating community directives into Greek law and accelerating decisions on abusing terms used by banks.

    [03] Illegals detained on Crete

    Forty three of a total of 45 illegal migrants, detected in the southern coast of Hania prefecture on Crete, are temporarily being hosted in a school building in the village of Kountoura, while two suspected migrant smugglers have been arrested.

    Late on Monday afternoon, 20 of the illegals were spotted by locals wandering along a rocky coast and, according to their testimonies, they had reached the island on board a sail boat, which was later intercepted.

    A total of 25 illegal migrants were found on the vessel, including two women, one of which was pregnant.

    The would-be migrants had set off four days ago from Antalya, southern Turkey, with Italy as their destination

    [04] 1.5bln raised in bill auction

    Greece raised 1.5 billion euros from the auction of a 13-week interest-bearing bill on Tuesday, the Public Debt Management Organisation announced on Tuesday.

    The Organisation said the auction showed a significant decline in the bills' yield to 0.52 pct, from 1.25 pct in the previous auction in April. The Greek state raised another 450 million euros from additional bids.

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