Athens News Agency: News in English, 10-12-16

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

CONTENTS

[01] Finmin unveils 2011 targets

[02] Bourse ends 0.16% higher 

[01] Finmin unveils 2011 targets

"In 2011 we are moving away from horizontal actions, such as wage cuts, and going toward targeted actions addressing the deficits of state companies, streamlining sections of the public sector, especially in health, and issues of tax administration and tax evasion," he said.

He noted that the country had so far achieve both the fiscal and structural targets in the quarterly inspections, with another 178 such target actions to be met in the next quarter.

Among such target actions in 2011, he listed the management and control of public spending and stricter implementation of the 2011 budget, the appointment in the first quarter of financial inspectors for the most important entities of general government and the tabling by April of the new three-year fiscal framework for the directions and goals of the next three years.

Another goal was to tackle tax evasion and third to reduce the number of state organisations in order to save roughly 800 million euro through the abolition and merger of various state entities.

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[02] Bourse ends 0.16% higher

The Big Cap index rose 0.18 pct, the Mid Cap index was marginally up 0.02 pct and the Small Cap index rose 0.81 pct.

The biggest gains during the session were posted by Commercial (+3.72 pct), Media (+1.99 pct) and Utilities (+1.23 pct) while the biggest losses were in Telecoms (-2.88 pct) and Personal and Household Goods (-0.80 pct).

Broadly, decliners led advancers by 73 to 66 with another 64 issues remaining unchanged.

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