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Athens News Agency: News in English, 08-11-26

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

From: The Athens News Agency at <>


  • [01] Greek parliament delegation visit to Hungary
  • [02] Greek stocks end 1.46% down
  • [03] OTE: Q3 net profits up 29.5%
  • [04] Acclaimed dance troupe in Athens

  • [01] Greek parliament delegation visit to Hungary

    VIENNA (ANA-MPA / D. Dimitrakoudis) -- The excellent level of Greek-Hungarian relations was reaffirmed during talks that members of a visiting foreign affairs and defence Parliamentary committee held in Budapest this week. The interest shared by Greece and Hungary in the western Balkan states' Euro-Atlantic progress was also underlined. The Greek parliamentary delegation, headed by committee president Miltiadis Varvitsiotis, began a two-day formal visit to Hungary on Tuesday. Additionally, talks focused on prospects of Serbia's EU accession, regarded as a significant step for regional stability and economic growth. The two sides agreed that there is room for closer bilateral cooperation in different sectors. The Hungarian side also expressed support towards efforts for a peaceful and viable solution to the Cyprus problem, while the Greek delegation expressed appreciation for Hungary's support over the FYROM "name issue". The Greek delegation attended the formal opening of the exhibition "Symposium on Ancient Macedonia", organised at the Museum of Fine Arts in Budapest.

    [02] Greek stocks end 1.46% down

    Greek stocks resumed their downward trend at the Athens Stock Exchange on Wednesday, reversing a three-day advance of share prices. The composite index fell 1.46 percent to end at 1,873.63 points, with turnover a low 142.6 million euros, of which 11.1 million euros were block trades.

    Most sectors moved lower, with the Banks (4.22 pct), Insurance (3.65 pct), Financial Services (3.53 pct) and Oils (3.18 pct) suffering the heaviest percentage losses of the day, while Telecommunications (5.29 pct), Utilities (2.95 pct) and Travel (0.13 pct) scored gains.

    The FTSE 20 index fell 2.17 pct, the FTSE 40 index ended 1.80 pct lower and the FTSE 80 index eased 0.95 pct. Broadly, decliners led advancers by 149 to 63 with another 55 issues unchanged.

    [03] OTE: Q3 net profits up 29.5%

    Hellenic Telecommunications Organisation (OTE) on Wednesday announced a 0.7-pct increase in its third quarter turnover to 1.638 billion euros, compared with the same period last year, adding that operating expenses grew 0.4 pct to 1.018 billion euros.

    OTE said operating earnings were up 2.5 pct to 327.1 million euros in the quarter -- reflecting higher mobile telephony services' revenues. Net profits grew 29.5 pct to 201.3 million euros, while EBITDA margin grew by 0.4 points to 38.1 pct.

    Parent turnover totaled 635.5 million euros in the July-September period, down 5.6 pct compared with the corresponding period last year; operating earnings fell 27 pct to 73.1 million euros and net profits dropped 52.8 pct to 32 million euros. The EBITDA margin fell 3.7 points to 29.8 pct.

    OTE's mobile phone subsidiary Cosmote continued its strong growth despite fierce competition in the mobile telephony market, adding 1.226 million new customers with its customer base totaling 18.6 million euros, up 32.4 pct from last year.

    Cosmote said turnover grew 6.2 pct to 876.2 million euros in the third quarter; operating earnings rose 22.6 pct to 227.6 million and EBITDA margin grew by 3.7 points to 37.9 pct.

    Cosmote added around 490,000 new customers in the quarter, with turnover rising 6.2 pct and operating earnings up 7.0 pct to 176.8 million euros.

    AMC, OTE's subsidiary in Albania, attracted around 36,000 new customers with its customer base up 15.9 pct form last year. Turnover was up 10.1 pct to 53.4 million euros and operating earnings were up 21.8 pct.

    Globul, in Bulgaria, reported a 37.6-pct increase in operating earnings, while revenues rose 10.7 pct in the July-September period.

    Cosmofon, in the former Yugoslav Republic of Macedonia (fYRoM), reported a 1.9-pct rise in turnover and a 64-pct drop in operating earnings.

    In Romania, Cosmote more than doubled its turnover (up 108.4 pct) while operating earnings grew 75.8 pct in the third quarter.

    The electronics retailer Germanos reported a 1.2-pct increase in turnover to 263.7 million euros, while net profits jumped 22.8 pct.

    Finally, Romtelecom reported a 2.1-pct increase in turnover and a 77.0-pct drop in operating earnings.

    Caption: ANA-MPA file photo of OTE's headquarters in the north Athens district of Maroussi.

    [04] Acclaimed dance troupe in Athens

    The acclaimed modern dance company Cloud Gate Dance Theatre from Taiwan is scheduled to perform the successful production 'Moon Water' for four successive nights at the Athens Concert Hall (Megaron), from Thursday until Sunday.

    The 24-member company founded in 1973 has numerous distinctions under its belt and an illustrious career that includes tours in Asia, Europe, North America and South America. It is so highly regarded in its native Taiwan that the government has named August 21 as "Cloud Gate Day" and also named the street where its offices are based "Cloud Gate Lane".

    Using a unique style of dance that blends diverse disciplines, including Tai Chi, martial arts, modern dance and ballet, the dreamy 'Moon Water' is based on a buddhist proverb - "Flowers in a mirror and moon on the water are both illusory" - and explores the relationship between reality and reflection to the soundtrack of six solo cello works by Bach.

    Caption: A file photo dated The Cloud Gate Dance Theatre troupe performs "Moon Water" on a stage flooded with 3,000 litres of water for the Sydney 2000 Olympic Arts Festival, 24 August 2000. Led by Taiwanese choreographer Lin Hwai-min, Cloud Gate combine Tai Chi, meditation, Chinese Opera movement, modern dance and ballet with Asian myth and folklore. ANA-MPA/ EPA/ AFP PHOTO/Torsten BLACKWOOD

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