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Athens News Agency: News in English, 06-05-25

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

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

CONTENTS

  • [01] FinMin: No rise in pension funds investment ceiling
  • [02] EU Commissioner Dimas in Cyprus

  • [01] FinMin: No rise in pension funds investment ceiling

    Economy and Finance Minister George Alogoskoufis on Thursday all but excluded Greek pension funds from participating in a 3.0-billion-euro share capital increase by National Bank of Greece, stressing that the government would not raise the ceiling of funds' investments into stocks.

    Speaking to reporters, Alogoskoufis said the ceiling was currently 23 percent of reserves for each pension fund and that this level would not be raised.

    Commenting on a deal by National Bank to buy Turkey's Finansbank, Alogoskoufis said decisions were taken by enterprises and that the role of politicians was not to consult enterprises on their moves. The minister, added, however, that when political parameters exist in certain deals, then firms would talk with members of the government. Alogoskoufis said that expanding business activities in the wider region was to everyone's benefit.

    He added that an OECD ministerial meeting in Paris this past week focused on several interesting issues, such as the implementation of reforms, the OECD's initiatives to promote investments, the significance of open markets and the urgent need for a rapid completion of the Doha Round of World Trade Organisation talks.

    ANA-MPA file photo

    [02] EU Commissioner Dimas in Cyprus

    European Commissioner for the environment Stavros Dimas on Thursday held talks with Cyprus' Environment, Agriculture and Natural Resources Minister Timis Efthymiou, part of his contacts during a two-day visit to the island republic and EU member-state.

    According to the EU Commissioner, water shortages, management of the natural environment as well as air quality were all aspects that required improvement on Cyprus.

    Dimas said his visit aimed to find satisfactory solutions to these issues. Pointing out that Cyprus had the cleanest beaches in Europe, he also pointed out that environmental issues have a direct impact on tourism and the island's economy.

    ANA-MPA file photo / P. Saitas


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