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Athens News Agency: News in English, 10-10-08

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

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

CONTENTS

  • [01] 6-month T-Bill issue on Tues.
  • [02] Inflation rate up in Sept.
  • [03] Gov't on Astakos investment
  • [04] Stocks end 1.63% lower

  • [01] 6-month T-Bill issue on Tues.

    (ANA-MPA) -- Greece will auction a six-month Treasury bills issue on Tuesday, Oct. 12, seeking to raise 900 million euros from the market. The auction will be held with the participation of primary dealers of Greek state securities, with a settlement date set for Friday, Oct. 15. (ANA-MPA)

    The Public Debt Management Organisation, in an announcement, (ANA-MPA) said the Treasury bills issue will be also offered to private savers tax-free on the precondition of holding the securities until their maturity. (ANA-MPA)

    More details on the subscriber's page of APE-MPE | Subscription request form

    [02] Inflation rate up in Sept.

    (ANA-MPA) -- Greece's annnual inflation rate rose to 5.6 pct in September from 5.5 pct in August, the independent Hellenic Statistical Authority (EL.STAT.) said on Thursday.

    The statistics agency attributed the increase in the consumer price index to higher prices in almost all goods and services markets, reflecting higher VAT and special fuel consumption (ANA-MPA) tax. The September figure was the highest since August 1997.

    The consumer price index was up 0.7 pct in September 2009 compared with the same month in 2008, while the September figure was 1.9 pct higher from August 2010. (ANA-MPA)

    The statistics agency attributed the 5.6 pct annual increase in the inflation rate to: a 2.1 pct increase in food and beverage prices, a 17.7 pct jump in alcohol and tobacco, a 2.4 pct rise in clothing and footwear, an 8.0 pct increase in housing prices and 1.6 pct rise (ANA-MPA) in durable goods, a 0.8 pct increase in healthcare prices, a 17.7 pct jump in transport, a 3.0 pct rise in communications, an 1.1 pct rise in entertainment, a 0.2 pct rise in education and a 3.2 pct increase in hotel-coffee-restaurant prices. (ANA-MPA)

    More details on the subscriber's page of APE-MPE | Subscription request form

    [03] Gov't on Astakos investment

    (ANA-MPA) -- Deputy Foreign Minister Spyros Kouvelis has sent a letter to Qatari Minister of state for Energy and Industry Affairs Dr. Mohamed Saleh Al-Sada regarding progress in the investment in Astakos, according to a foreign ministry statement. (ANA-MPA)

    Specifically, Kouvelis noted the Memorandum of Cooperation (MoC) for strategic cooperation in the investments sector between the governments of (ANA-MPA) Greece And Qatar that was signed in the presence of Prime Ministers Papandreou and Al Thani.

    The MOC, Kouvelis noted in his letter, came as a follow-up to the first Memorandum of Cooperation regarding the construction of the Astakos energy centre that was signed Kouvelis and Al-Sada in the presence of the Greek and Qatari Prime Ministers in May 2010, in Athens, during Al Thaniās visit, the statement said. (ANA-MPA)

    More details on the subscriber's page of APE-MPE | Subscription request form

    [04] Stocks end 1.63% lower

    Stocks ended lower at the Athens Stock Exchange on Friday, as investors took profits after a four-day rally in the market. The composite index fell 1.63 pct to end at 1,528.48 points, although it ended 4.08 pct higher in the week. Turnover was a low 75.268 million euros.

    The Big Cap index fell 2.08 pct, the Mid Cap index eased 0.66 pct and the Small Cap index fell 1.39 pct. Ellaktor (0.97 pct), Hellenic Petroleum (0.52 pct) and Viohalco (3.89 pct) were the only blue chip stocks to end higher, while Eurobank (4.65 pct), MIG (3.19 pct) and National Bank (3.13 pct) were among losers.

    The Commerce (1.24 pct) and Industrial Products (0.22 pct) were the only sectors to score gains, while Media (3.70 pct) and Raw Materials (3.12 pct) suffered the heaviest percentage losses of the day. Broadly, decliners led advancers by 120 to 45 with another 47 issues unchanged. Avenir (20 pct), Trastor (10 pct) and Mouzakis (9.68 pct) were top gainers, while Electronic Athens (18.75 pct), Ikona-Ihos (16.67 pct) and Medicon (13.17 pct) were top losers.

    More details on the subscriber's page of APE-MPE | Subscription request form


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