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Athens News Agency: News in English, 10-11-10
CONTENTS
[01] EBEA presents proposals to help in the recovery of the Greek
economy
[02] Building activity down
[01] EBEA presents proposals to help in the recovery of the Greek
economy
ANA-MPA/The head of the Athens Chamber of Commerce and Industry,
Constantinos Mihalos, on Wednesday urged the government to accept the
chamber's proposals aimed at helping in the recovery of the economy and
boosting business activity in the country.
Speaking to reporters, Mihalos said the need for accepting these 10
proposals was more significant now ahead of a revision of the country's
fiscal deficit and public debt. Mihalos said a revision of the
country's statistics to the worse has been discounted, while he noted
that Greece offered huge counter-incentives to attracting new
enterprises. A recent survey by EBEA showed that almost nine out of 10
enterprises thought that the current tax policy was burdening their
financial performance, while more than eight in 10 faced a decline in
turnover, two in 10 were examining plans to relocate in foreign
countries and one in two was examining the termination of their
operations if financial performance did not improve within next
year.ANA-MPa
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[02] Building activity down
ANA-MPA/Building activity in the private sector dropped 24.8 pct in
August, for a decline of 25.2 pct in the January-August period this
year, with industry officials remaining pessimistic over the outlook of
the sector. Private sector builders' hopes are focusing on home
restoration and co-funded programs to saving energy.ANA-MPa
Hellenic Statistical Authority on Wednesday said building activity in
the private sector totaled 2,697 building permits, down 5.2 pct from
August 2009, while it was down 24.8 pct in volume over the same period.
Eastern Macedonia-Thrace (-48 pct), Epirus (-41.5 pct), Attica (-39.6
pct), Western Greece (-38.8 pct), Crete (-35.5 pct), Central Greece
(-35.2 pct) and Western Macedonia (-30.3 pct) suffered the heaviest
percentage losses in building volume among the country's regions, while
only three regions scored gains in building volume, Southern Aegean (16
pct), Thessaly (11.7 pct) and the Peloponese (8.4 pct).
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