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Athens News Agency: News in English, 09-02-06

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

From: The Athens News Agency at <>


  • [01] Parliament: Karamanlis on measures against poverty
  • [02] New car sales down 39.7 pct in January

  • [01] Parliament: Karamanlis on measures against poverty

    The measures against poverty adopted by the government were the focal point of a confrontation between Prime Minister Costas Karamanlis and Popular Orthodox Rally (LAOS) President George Karatzaferis in Parliament on Friday. The key points of the government's economic policy are to protect jobs and strengthen vulnerable social groups, Karamanlis said, stressing that the following months will be crucial for all countries. He also issued an appeal for a fruitful dialogue aimed at coping with the crisis and stressed that there are no magic and cost-free solutions, adding that irresponsible danger-mongering practices are not useful. On his part, Karatzaferis accused the prime minister of not making any specific proposals.

    [02] New car sales down 39.7 pct in January

    New car sales fell 39.7 percent in January, compared with the same month last year, totaling 20,247 units, evidence that an international financial crisis is hitting the domestic car market.

    Figures published by the Association of Car Importers and Dealers, showed that almost all car brand names suffered heavy losses in the first month of 2009, with Toyota reporting a 42.8 pct drop in sales ranking second. VW rose 1.1 pct in January, ranking first, with Opel in the third place despite a 38.1 pct decline in sales.

    Car dealers are pressuring for more favourable financing programs through banks and have launch offering large discounts (mainly on used cars) with the aim to boost the market.

    An IOBE report this week said that 90 pct of consumers were unlikely to buy a car this year, with only 1.3 pct saying they intended to buy a car in the next 12 months.

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