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Athens News Agency: News in English, 09-07-27

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

From: The Athens News Agency at <>


  • [01] Papariga on early elections
  • [02] Veolia, MIG bid for waterworks
  • [03] Euro U-20 b-ball title
  • [04] Stocks end 0.55% higher

  • [01] Papariga on early elections

    "The term 'early elections' has lost its meaning because we have been talking about this issue for the past two years," Communist Party (KKE) General Secretary Aleka Papariga said in Thessaloniki on Monday, referring to the likelihood of early general elections in the spring next year as a result of the election of a new president of the republic by Parliament.

    Speaking in a press conference within the framework of her tour of the prefectures of Thessaloniki, Imathia and Pella, Papariga also referred to the novel influenza concerns, and the role of the multinational pharmaceutical companies, as she said, in the preparation of a vaccine.

    She also referred to the low wages earned by wage-earners in Greece, stating that they constitute "blackmail" and a "legal political and state corruption", warning that the situation in the labor sector will deteriorate further.

    Papariga lashed out at the leadership of the trade unionist movement, stressing that "the leaderships that are only interested in the date of elections should be cast aside."

    Earlier, Papariga met with representatives of Thessaloniki Water Supply and Sewerage Co. S.A. (EY.ATh) personnel and expressed her opposition to the company's privatisation, while she also had a meeting with peach producers in Imathia. Later in the evening, she is scheduled to address a rally at the community of Kali in the prefecture of Pella.

    [02] Veolia, MIG bid for waterworks

    Marfin Investment Group (MIG) along with Veolia Environnement and Ionios Constructions on Monday announced the formation of a joint venture to participate in a tender aimed to find a strategic shareholder for Thessaloniki Water and Sewerage SA (EYATh).

    A MIG announcement stated that Veolia will have a 51 pct share in the joint venture, with MIG another 44 pct and Ionios 5.0 pct.

    Veolia Environnement is the largest environment services company in the world, with activities in all continents in more than 100 countries, employing more than 336,000 employees.

    The company is listed in the stock exchanges of Paris and New York with a market capitalisation of more than 11.5 billion euros. Veolia reported revenues of 36.2 billion euros and operating profits of more than 1.9 billion euros last year.

    Marfin Investment Group is based in Athens with activities in SE Europe. It is listed in the Athens Stock Exchange with a market capitalisation of around 2.3 billion euros.

    MIG Group companies earn 37 pct of their annual sales outside Greece, with an established presence in 40 countries and 22 sectors, and with a workforce of more than 56,000.

    Ionios Constructions was founded 25 years ago and employs 400 workers. Revenues totaled 115 million euros last year and operating profits surpassed 20 million euros.

    Caption: ANA-MPA file photo of the Thessaloniki Water and Sewerage SA headquarters in the northern port city of Thessaloniki.

    [03] Euro U-20 b-ball title

    Greece's U-20 men's basketball team won the European championship by downing France 90 to 85 during the hard-fought final on the island of Rhodes Sunday evening.

    [04] Stocks end 0.55% higher

    Greek stocks moved cautiously higher at the Athens Stock Exchange on Monday, with the composite index of the market rising 0.55 pct to end at 2,344.04 points. Turnover was a moderate 137.3 million euros, of which 1.2 million euros were block trades.

    Most sectors moved upwards, with the Constructions (2.67 pct), Industrial Products (1.65 pct) and Commerce (1.53 pct) scoring the biggest percentage gains of the day, while Travel (0.92 pct), Utilities (0.63 pct) and Food/Beverage (0.57 pct) suffered losses.

    The FTSE 20 index rose 0.83 pct, the FTSE 40 index ended 0.61 pct higher and the FTSE 80 index rose 1.38 pct. Broadly, advancers led decliners by 142 to 65 with another 46 issues unchanged.

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