Athens News Agency: News in English, 11-01-18

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

CONTENTS

[01] Athens mayor receives Istanbul counterpart in City Hall

[02] FinMin on Eurobond issue

[03] Report on informal labour

[04] Models victims of .. redtape

[05] Stocks down after 5-day rally 

[01] Athens mayor receives Istanbul counterpart in City Hall

"It is a great pleasure to receive the mayor of Istanbul here today. You are aware that many thousands of our citizens hail from the Polis ("City", a reference to Istanbul) ... Our ties, particularly in the field of culture, have already formulated a new language between us. I pointed out to the mayor that we would like to continue down this road. We agreed to work together on this on a permanent basis."

On his part, Topbas noted the need for a continuation of the ties of friendship and cooperation between the two municipalities and invited Kaminis to visit Istanbul.

The two mayors had a private half-hour discussion following a meeting of representatives from the two municipalities.

Additionally, Kaminis briefed to his Istanbul counterpart over the problems central Athens is facing due to the mass inflow of illegal migrants, while asking the latter o exercise his influence to ensure that the Turkey government meets its obligations concerning the repatriation of illegal migrants detained in Greece. (ANA-MPA)

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[02] FinMin on Eurobond issue

Speaking to reporters, after an ECOFIN meeting here, Papaconstantinou said the meeting focused on the figures of a package to be agreed on by EU governments and which will ensure not only fiscal stability but the ability of pre-emptive interventions in times of economic crises.

"The discussion is progressing so that a decision can be reached in one of the next European Councils," the Greek minister said, adding that the right decisions would be taken to fortify the Eurozone.

ÊáíïíéêÞThe minister noted that a Eurogroup meeting on Monday reaffirmed the political will to extend the repayment period of Greeceâs bailout loans from the EU Commission and ECB, saying that the issue would be part of a package to be agreed for a support mechanism. He declined to predict whether the country anticipated a lowering of its borrowing costs and said this issue would be also part of a total package for the EU.

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[03] Report on informal labour

The report, based on the findings of inspections made on 27,538 enterprises - accounting for 3.0 pct of total enterprises in the country - with a workforce of 77,666, showed that 19,435 workers are not registered in special labour books.

The report also said that 6,687 or 31.54 pct of non-registered workers are foreign nationals, and 12,748 or 22.58 pct are Greek citizens. (ANA-MPA)

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[04] Models victims of .. redtape

The male and female models are usually paid by the hour and hired on an eight-month basis. Until now, their selection was made by the art professors based on their own criteria and the needs of students in the various painting, sculpture and engraving classes. They were then hired by ministerial decree.

As a result of the economic crisis, their number was set to be reduced from 36 to 28 during the coming year but the recent complication of going via ASEP has delayed the process so much that the new academic year began without any models in the workshops at all.

"We submitted our request for the hiring of models to the education ministry last June. Unbelievable bureaucracy and delays are worse than the economic crisis. As a result the School's educational work will lag behind," said Fine Arts School director Rolanda Tziamalou. (ANA-MPA)

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[05] Stocks down after 5-day rally

The index fell 1.07 pct to end at 1,443 points, after rising as much as 1.20 pct during the session. Turnover, however, remained a low 70.069 million euros. The Big Cap index fell 1.24 pct, the Mid Cap index ended 1.41 pct lower and the Small Cap index dropped 2.03 pct. Jumbo (1.82 pct), Marfin Popular Bank (1.49 pct) and OPAP (0.98 pct) were top gainers among blue chip stocks, while ATEbank (6.41 pct), Hellenic Postbank (4.36 pct), Alpha Bank (4.21 pct) and Eurobank (3.46 pct) were top losers.

The Media (2.33 pct) and Commerce (0.92 pct) sectors scored the biggest percentage gains of the day, while Chemicals (4.33 pct) and Health (4.14 pct) suffered losses. Broadly, decliners led advancers by 119 to 43 with another 57 issues unchanged. Mathios (16.67 pct), VIS (9.86 pct) and Allatini Ceramics (9.68 pct) were major gainers, while Euroholdings (20 pct), Atlantic (16.67 pct) and NEL (13.04 pct) were major losers.

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