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Athens News Agency: News in English, 01-09-05

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

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

CONTENTS

  • [01] EFG Eurobank named Greece's Bank of the Year
  • [02] Foreign Exchange Rates - Thursday
  • [03] Opposition wants action over feared energy shortage
  • [04] Weather Forecast: Unsettled on Thursday
  • [05] Greek stocks fall below 2,700 level

  • [01] EFG Eurobank named Greece's Bank of the Year

    05/09/2001 19:28:45

    EFG Eurobank Ergasias has been named Greece's Bank of the Year by an international trade magazine belonging to the Financial Times group.

    In annual distinctions awarded by the monthly Banker magazine EFG won its country category on quality, dynamism and innovation in financial services.

    Winning banks also need to show they have the potential to maintain a leading role in the banking market in the future.

    [02] Foreign Exchange Rates - Thursday

    05/09/2001 18:50:42

    Indicative tourist buying rates

    U.S. dollar 380.174

    German mark 172.829

    French franc 051.531

    Pound sterling 549.809

    Irish punt 429.202

    Belgian franc 008.379

    Luxembourg franc 008.379

    Dutch guilder 153.389

    Italian lira (100) 017.457

    Austrian schilling 024.565

    Danish kroner 45.414

    Swedish kroner 35.519

    Finnish mark 056.852

    Spanish peseta 002.032

    Portuguese escudo 001.686

    Japanese yen (100) 316.123

    Swiss franc 223.838

    Norwegian kroner 042.623

    Cyprus pound 589.655

    Canadian dollar 243.636

    Australian dollar 197.903

    [03] Opposition wants action over feared energy shortage

    05/09/2001 18:43:11

    The main opposition New Democracy (ND) party said on Wednesday that the government needed to take action in the energy sector in order to avert a shortage expected in 2004, the year that Athens will host the Olympic Games.

    A shortfall of 600 megawatts has been forecast by the state's Energy Regulatory Authority, even if power plants still on the design board are built by then, Athanasios Nakos, ND's development spokesman, said in a statement.

    The government is gradually issuing licences to companies that have applied to build power plants in the country's newly liberated electricity market. The Public Power Corporation formerly held a monopoly in the sector.

    Nakos asked the government to remember the pledges it had made that deregulation would bring new investments, job creation, healthy competition and low prices to benefit consumers and the economy.

    [04] Weather Forecast: Unsettled on Thursday

    05/09/2001 17:26:34

    Changeable weather is forecast in all parts of the country on Thursday, with cloud likely to turn to rain or storms. The weather will gradually improve from the west. Winds variable, strong to very strong. In the north and west, temperatures will range from 13C to 26C; on the rest of the mainland from 16C to 29C; and in the Aegean islands from 18C to 30C. Sunny spells, cloud and showers expected in Athens, with temperatures between 18C and 30C. Overcast, showery and stormy in Thessaloniki with temperatures from 14C to 27C.

    [05] Greek stocks fall below 2,700 level

    05/09/2001 16:52:49

    Equity prices fell for the sixth consecutive session on the Athens Stock Exchange on Wednesday, undermined by a negative climate in international markets, lack of liquidity and worries over future economic developments in the domestic market.

    The general index ended 1.36 percent lower at 2,680.99 points, with turnover a low 125 million euros, or 42.6 billion drachmas.

    Sector indices suffered heavy losses, with Publishing (-3.17%), IT solutions (-3.10%) and Holdings (-2.32%) leading the decline.

    The blue chip FTSE/ASE 20 index ended 1.02 percent lower, the FTSE/ASE MID 40 fell 1.92 percent and the FTSE/ASE SMALLCAP index dropped 2.18 percent.

    Broadly, decliners led advancers by 310 to 32.


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