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Athens News Agency: News in English, 05-08-10

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

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

CONTENTS

  • [01] Greek govt's net borrowing eased to 6.3 pct of GDP in Jan-July
  • [02] Greek aid to flood-stricken residents in Bulgaria

  • [01] Greek govt's net borrowing eased to 6.3 pct of GDP in Jan-July

    The central government's net borrowing needs totalled 11.156 billion euros in the seven month period from January to July, slightly higher from an 11.124 bln euro figure in the corresponding period in 2004, the Bank of Greece said on Wednesday.

    The central bank, in its report, stressed that net borrowing needs as a percentage of Gross Domestic Product eased to 6.3 percent in 2005 from 6.7 pct last year.

    The government deficit was affected by payment of 1.770 mln euros to repay state hospitals' debts to suppliers and by payment of 1.028 billion euros for the state's participation in an Agricultural Bank's share capital increase plan.

    The central bank noted that the government shortfall was positively affected by receipts totalling 1.090 billion euros from the sale of a 16.44 percent tranche in OPAP. The report stressed that spending on state hospitals' debt would not significantly affect this year's deficit.

    The deficit of public investments' budget fell to 1.557 billion euros (or 0.9 percent of GDP) in the seven month period from 3.484 billion euros (or 2.1 pct of GDP) in the same period last year.

    [02] Greek aid to flood-stricken residents in Bulgaria

    The foreign ministry's international development aid service, Hellenic Aid, on Wednesday announced the granting of 50,000 euros towards flood-stricken residents of neighboring Bulgaria for the purchase of various items, including fresh water.

    At least eight flood-related deaths have been reported in the Balkan country over the past few days after torrential rains struck the country.

    The order was signed by Deputy FM Evripidis Stylianidis.


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