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Athens News Agency: News in English, 08-12-19

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

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

CONTENTS

  • [01] French Institute in Athens vandalised
  • [02] Balance of Payments deficit figures released by BoG
  • [03] Athens Stock Exchange : Decline

  • [01] French Institute in Athens vandalised

    Unknown individuals broke on Friday the glass facade of the French Institute in Athens and destoyed an adjacent bank ATM.

    [02] Balance of Payments deficit figures released by BoG

    The balance of payments deficit grew 757 million euros year-on-year over October 2007 to 3,670 million euros, according to figures released on Friday by the Bank of Greece (BoG), the country's central bank, which attributed the increase mainly to the expansion of the income account deficit and, secondarily, to (a) a rise in the trade deficit excluding ships; (b) a shift of the current transfers balance from a relatively small surplus in October 2007 to a deficit; and (c) a decline in the surplus of the services balance.

    As a result of a considerable 374 million euros decrease in net payments for purchases of ships, the overall trade deficit dropped by 22 million euros, despite increases in the net oil import bill and the trade deficit excluding oil and ships (of 158 million euros and 194 million euros, respectively). Regarding in particular the trade balance excluding oil and ships, export receipts showed a considerable increase (of 175 million or 15.0%), but the deficit grew, as the import bill rose more in absolute terms (by 369 million or 10.7%).

    In the January-October 2008 period, the current account deficit rose by 4,357 million euros over the corresponding period of 2007 and reached 28.4 billion. This development reflects increases in, mainly, the trade deficit and, secondarily, the income account deficit, which were only partly offset by a rise in the surpluses of the services balance and the current transfers balance.

    The 4,314 million euros rise in the trade deficit is attributable to increases of 3,560 million euros and 999 million euros in the net oil import bill and the trade deficit excluding oil and ships, respectively, while net payments for purchases of ships dropped by 244 million euros.

    In the January-October 2008 period, direct investment showed a net inflow of 898 million euros. Specifically, net inflows of non-residents' funds for direct investment in Greece came to 2,796 million euros, while net outflows of residents' funds for direct investment abroad reached 1,898 million euros.

    [03] Athens Stock Exchange : Decline

    Equity prices were declining at the mid session of trade on Friday on the Athens Stock Exchange (ASE), with the basic share price index down 1.43 percent, standing at 1,713.67 points at 12:25 p.m., and turnover at 59.9 million euros.

    Individual sector indices were moving mostly downward, with the biggest gains in Oil & Gas, up 1.98 percent and Indurstrial Products, up 0.28 percent.

    The biggest losses were in Banks, down 3.07 percent; Technology, down 2.73 percent; and Media, down 2.32 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 1.67 percent, the FTSE/ASE MID 40 index was down 1.72 percent, and the FTSE/ASE-80 small cap index was down 0.66 percent.

    Of the stocks moved, 26 were up, 93 were down, and 32 were unchanged.


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