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Athens News Agency: News in English, 09-02-11

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

From: The Athens News Agency at <>


  • [01] Credit Agricole proposes new CEO, chairman for Emporiki Bank
  • [02] Kapralos new HOC president
  • [03] Wildfire relief exceeds 205mln euros
  • [04] ASE index for Alternative Market

  • [01] Credit Agricole proposes new CEO, chairman for Emporiki Bank

    Credit Agricole will recommend Alain Strub as a new chief executive for Athens-based Emporiki Bank, with Antonis Krontiras taking over as chairman of the bank's board of directors, replacing Jean-Frederic de Leusse, who has taken new responsibilities with the French banking giant.

    Emporiki Bank recently approved a plan aimed to boost and accelerate the transformation of the bank, along with a share capital increase plan, worth 850 million euros. It is within this plan that Credit Agricole SA will recommend changes in Emporiki Bank's board.

    [02] Kapralos new HOC president

    Spyros Kapralos was elected as new president of the Hellenic Olympic Committee (HOC) on Tuesday.

    Kapralos, the president of the Athens Stock Exchange, picked up more votes than the incumbent president, Minoas Kyriakou, 18-11 votes, in the election. Participating in the voting were 28 federation representatives and Lambis Nikolaou, as the International Olympic Committee's representative in the HOC.

    Speaking immediately after his election, Kapralos said "I wish to thank you for the honour you bestowed on me in electing me president of the Hellenic Olympic Committee (HOC). Honouring your trust, I would like to reassure you that I will try with all my strength to live up to this high post of sport. In parallel, I request form you to work with us all together with consensus and unanimity, pushing aside whatever differences of the past, far from party blinkers and political expediencies, to enable us to make the Hellenic Olympic Committee the reality that we are dreaming of and that suits it."

    He added that "our mission is difficult. Greek sports have been experiencing a crisis over the past years. I believe, however, that with methodical and collective work we shall be led to the positive results that we are all seeking."

    [03] Wildfire relief exceeds 205mln euros

    A complete picture of the work done by a special emergency Fund for relief of wildfire victims and affected areas in the Peloponnese, southern Greece, since the summer of 2007 was presented in a press conference on Wednesday by Fund president Petros Molyviatis.

    Donations by roughly 92,000 people surpassed 205 million euros, in addition to interest of 7.5 million euros.

    Roughly 60 million euros were used so far, Molyviatis said, 45 million of which went to finance a public works ministry rebuilding or repair programme, while an additional 15 million euros were used to deal with various emergencies and contingencies.

    According to the ministry, a total of 1,425 applications were filed for participation in the programme, with 1,139 approved. A total of 788 residences are currently in the process of being rebuilt or repaired, Molyviatis stated.

    In addition, special relief measures for private enterprises in the wildfire-ravaged regions reached 1.2 billion euros.

    Caption: Locals watch helicopters battling a wildfire in the village of Pelopi, four kilometers from ancient Olympia, in the western Peloponnese of southern Greece on 26 August 2007. ANA-MPA/ EPA/ORESTIS PANAGIOTOU

    [04] ASE index for Alternative Market

    The Athens Stock Exchange on Wednesday announced the launch of the first index in the Alternative Market, starting on Monday Feb. 16, with a starting price of 5,000 points.

    In a statement, ASE said it remained by the side of listed companies in the market.

    The new index aims to promote companies listed on the Alternative Market, along with aspiring to become a reliable medium for recording trends in the market. The index will be comprised of at least 10 shares, with a ceiling of 20 shares. The index will be calculated in real time on a daily basis and will be revised twice a year (April and October).

    The Alternative Market currently has 10 companies listed: Epsilonet, Mediterra, Envitec, Doppler, Euroxx, Entersoft, Alpha Trust, Performance Technologies, Optoelectronic Technologies, Criton Artos.

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