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Athens News Agency: News in English, 09-05-26

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

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

CONTENTS

  • [01] President Papoulias signs charter for smoke-free environment
  • [02] Greece could exit crisis stronger, Postbank head says
  • [03] Trade deficit slips in Jan-Mar
  • [04] Stocks end 1.93% lower

  • [01] President Papoulias signs charter for smoke-free environment

    President of the Hellenic Republic Karolos Papoulias on Tuesday signed a "commitment for life" and the charter of rights and obligations for a smoke-free environment, during a meeting with the members of the National Coordinating Committee Against Smoking 'Spyros Doxiadis-Georgios Gennimatas".

    Papoulias is the first Greek citizen to sign the charter and congratulated the committee on its work, noting that he was among those that had never smoked in his life and a strong opponent of smoking and its harmful consequences.

    According to the Greek president, smoking and road accidents were the two major 'ills' bedevilling Greek society.

    [02] Greece could exit crisis stronger, Postbank head says

    Greece could exit the current economic crisis stronger, competitively, if appropriate and coordinated actions are taken, Aggelos Philippidis, the chairman of Hellenic Postbank opined on Tuesday.

    Addressing an Economist conference in Athens, Philippidis said the country could strengthen its presence and economic position in SE Europe and overcome chronic counter-productive procedures "as long as we believe in our strength and see the opportunity within the problem..."

    Philippidis said a decision to transform the bank into an "alternative bank", Postbank, was directly linked with the need to show that it operates on the basis of a higher set of ethical standards.

    "Postbank's ambition is to become an alternative bank, combining business activity with higher ethical standards; profit with social benefit".

    [03] Trade deficit slips in Jan-Mar

    Greece's trade deficit shrank by 39 pct in the January-March 2009 period, compared with the corresponding period in 2008, the National Statistics Service announced on Tuesday.

    Excluding oil, the trade deficit fell 14.6 pct over the same period. The trade deficit fell to 6.317 billion euros in the first quarter of the year, from 10.355 billion euros in 2008. The value of export-deliveries fell 17.1 pct in the January-March period, while the value of import-arrivals dropped 32.9 pct.

    The March shortfall totaled 2.272 billion euros, down 39.9 pct from last year, with imports down 33.2 pct and exports falling by 15.2 pct in the month.

    Caption: ANA-MPA photo.

    [04] Stocks end 1.93% lower

    Greek stocks ended lower in the Athens Stock Exchange on Tuesday, with the composite index of the market losing 1.93 pct to end at 2,234.81 points. Turnover was a moderate 235.3 million euros, of which 1.4 million euros were block trades.

    Most sectors ended down, with the Oil (6.57 pct), Raw Materials (5.25 pct), Insurance (5.03 pct) and Financial Services (4.85 pct) suffering the heaviest percentage losses of the day, while Health (0.47 pct), Telecoms (0.26 pct) and Travel (0.25 pct) scored gains.

    The FTSE 20 index dropped 2.02 pct, the FTSE 40 index ended 2.12 pct down and the FTSE 80 index eased 1.23 pct. Broadly, decliners led advancers by 169 to 65 with another 37 issues unchanged.


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