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Athens Macedonian News Agency: News in English, 12-12-04

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

From: The Athens News Agency at <>


  • [01] Gov't eyes privatisation of TrainOSE in early 2013
  • [02] Economic sentiment up in Nov.

  • [01] Gov't eyes privatisation of TrainOSE in early 2013

    AMNA -- The privatisation of TrainOSE – the operator of railway services in the country – will begin at the end of the first quarter of 2013, Development Minister Costis Hatzidakis said Tuesday, adding that completion of a business plan and appointment of privatisation advisers will create necessary preconditions to overcome a dispute with Brussels over state support previously given to Hellenic Railways.

    "Tahoma","sans-serif";mso-fareast-font-family:"Times New Roman";color:#0F1419; The Greek government issued a legislative act – approved by the cabinet -- which outlines the government's strategy in restructuring Hellenic Railways, with specific timetables to implement a privatisation plan for the group's commercial activities.

    "Tahoma","sans-serif";mso-fareast-font-family:"Times New Roman";color:#0F1419; Under the plan, the government aims to set-up a company for the maintenance of Hellenic Railways rolling stock, called Rosco, the free transfer of rolling stock material to the state or a state agency, along with the free transfer of GaiaOSE's shares (the manager of Hellenic Railways real estate assets) to the Greek state. amna

    [02] Economic sentiment up in Nov.

    AMNA -- Greece's economic sentiment index rose to 79 points in November, up from 75.8 in October, the highest level in the last 20 months, the Institute for Economic and Industrial Research (IOBE) announced on Tuesday.

    "Tahoma","sans-serif";mso-fareast-font-family:"Times New Roman";color:#0F1419; IOBE, in its monthly report, attributed this positive development to less pessimistic expectations prevailing in the retail commerce and consumer confidence, while business expectations in the manufacturing and services sectors remaining almost unchanged, with constructions weakening further.

    "Tahoma","sans-serif";mso-fareast-font-family:"Times New Roman";color:#0F1419; IOBE said this improvement confirmed the view that prolonged negotiations with the troika and uncertainty over their outcome dampened sentiment in the Greek economy in the previous months, with the climate improving soon after the successful completion of negotiations. The survey did not engulf the outcome of negotiations in a recent Eurogroup meeting.

    "Tahoma","sans-serif";mso-fareast-font-family:"Times New Roman";color:#0F1419; More analytically, business expectations in the manufacturing sector improved slightly over short-term production, although expectations over the current level of orders and demand eased slightly and inventories remained unchanged.

    "Tahoma","sans-serif";mso-fareast-font-family:"Times New Roman";color:#0F1419; In the services sector, business expectations over their current activity improved, although expectations over demand fell in November.

    "Tahoma","sans-serif";mso-fareast-font-family:"Times New Roman";color:#0F1419; In the constructions sector, the index of business expectations fell reflecting negative changes in employment.

    "Tahoma","sans-serif";mso-fareast-font-family:"Times New Roman";color:#0F1419; The consumer confidence index remained negative, while there were some signs of improvement in consumers' intention to save in the next 12 months and developments in the unemployment rate. amna

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