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Athens News Agency: News in English, 10-07-01
CONTENTS
[01] Bill on pipeline OK'd
[02] Stocks end 1.25% higher
[01] Bill on pipeline OK'd
(ANA-MPA) -- A draft bill regulating land issues related to the
construction of the Burgas-Alexandroupolis oil pipeline - whose fate is
uncertain ever since Bulgaria announced its intention to withdraw from
the project - was approved on Thursday by the cabinet. The bill deals
with matters (ANA-MPA) linked to expropriations of property and
compensation due to owners where the pipeline will pass.
An announcement by the Environment, Energy and Climate Change ministry
stressed that the government was still committed to the prospect of
completing the pipeline as a project of national importance and public
benefit and that it was continuing its efforts in this direction.
(ANA-MPA)
The bill provides for compensation at 25 percent of the commercial
value of property along the length of the pipeline's route as well as
the restrictions on building and land use and the rights and
obligations of owners of property that the pipeline passes through.
[02] Stocks end 1.25% higher
Stocks recovered on Thursday after a seven-day decline, which pushed
the market more than 10 pct down. The composite index of the Athens
Stock Exchange rose 1.25 pct to end at 1,452.13 points, with turnover a
low 93.430 million euros.
The Big Cap index rose 1.48 pct, the Mid Cap index ended 0.60 pct
higher and the Small Cap index ended 2.48 pct up. The Insurance (3.53
pct) and Raw Materials (2.79 pct) scored the biggest percentage gains
of the day, while Utilities (6.16 pct) and Personal Products (0.35 pct)
suffered losses. Broadly, advancers led decliners by 102 to 54 with
another 44 issues unchanged.
Centric (14.29 pct), Nereus (13.11 pct) and Galaxidi (10 pct) were top
gainers, while Cardico (14.29 pct), Medicon (9.91 pct) and Mohlos (9.09
pct) were top losers.
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