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Athens News Agency: News in English, 09-05-29

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

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

CONTENTS

  • [01] Papandreou: small businesses failing
  • [02] Stocks end 0.80 pct up

  • [01] Papandreou: small businesses failing

    Main opposition PASOK party leader George Papandreou visited a small factory in Kalogreza, Athens on Friday and speaking to local people underlined that "the small and medium sized enterprises, that form one of the foundations of our economy, are sinking, turnover is dropping as a result of the shrinking family income and bounced cheques are multiplying. Shopping malls are out of control, striking directly against small and medium-sized businesses that are left with no other choice than to shut down."

    Earlier, he had visited the shopping malls in Nea Ionia and Maroussi.

    The PASOK leader stated that "the pension fund of the small and medium sized businesses has collapsed as a result of the policy followed by the government" and maintained that "the government gives money to banks that never reach the small and medium sized businesses."

    "The Credit Guarantee Fund Trust for Small and Very Small Enterprises (TEMPME) helps the few and not the many that are in need and gives away election campaign presents," the leader of PASOK stated. He also underlined that "all these will have to end" pledging that "the real economy and the small and medium sized businesses will be supported."

    Caption: Main opposition PASOK party leader George Papandreou visited the north Athens district of Maroussi on Friday and met local voters. ANA-MPA - Symela Pantzartzi

    [02] Stocks end 0.80 pct up

    Greek stocks ended the last trading session of the week with gains in the Athens Stock Exchange on Friday. The composite index of the market rose 0.80 pct to end at 2,327.4 points, with turnover a strong 436.5 million euros, of which 28.7 million euros were block trades.

    Most sectors moved higher, with the Banks (3.59 pct), Personal/Home Products (2.66 pct) and Financial Services (1.59 pct) scoring the biggest percentage gains of the day, while Insurance (4.89 pct), Chemicals (3.38 pct) and Telecommunications (3.21 pct) suffered losses.

    The FTSE 20 index rose 1.67 pct, the FTSE 40 index ended 0.56 pct down and the FTSE 80 index dropped 1.56 pct. Broadly, decliners led advancers by 135 to 103 with another 31 issues unchanged.


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