Athens News Agency: News in English, 07-08-10

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

CONTENTS

[01] Greece posts 4.2 pct rise in growth

[02] New regulations on alcoholic beverages

[01] Greece posts 4.2 pct rise in growth

The 4.2 percent increase in the growth rate was attributed to:

-- A 2.8 percent increase in expenditures for end consumption in the second quarter of the year compared to the corresponding quarter in 2006. This increase contributed by 1.8 percentage points to the increase in final demand in the economy.

-- A 4.9 percent increase in investments in the second quarter of the year, which contributed by 1.1 percentage points to the increase in final demand in the economy.

-- A 9.9 percent increase in exports in the second quarter of 2007, marking a substantial increase over the corresponding period in 2006, in which exports rose by 2.9 percent. This increase contributed by 1.4 percentage points to the increase in final demand in the economy.

During the same period, imports rose by 4.4 percent against the second quarter of 2006, during which imports had risen by 13.1 percent.

[02] New regulations on alcoholic beverages

Changes include, among others, certain production practices (i.e. the addition of flavoring, herbs, spices, sweeteners etc.) and the use of traditional specialty brands of spirits, such as ?tsikoudia? and ?tsipouro?.

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