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Athens News Agency: News in English, 09-08-04

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

From: The Athens News Agency at <>


  • [01] Trio charged in bank robbery, businessman's abduction
  • [02] Industrial enterprises' profits drop significantly in 2008
  • [03] Slight bourse rise on Tues.

  • [01] Trio charged in bank robbery, businessman's abduction

    Three accused kidnappers were led before a judicial magistrate in Thessaloniki on Tuesday on banker robbery and abduction for ransom charges.

    The trio was arrested after one of the men reported his motorcycle as stolen, the same two-wheeler left behind by a bank robber during a getaway on July 31 in the moments just after a robbery of a post office in the Oreokastro district outside Thessaloniki, northern Greece.

    The three suspects, 28, 31 and 34, are also implicated in the kidnapping of a businessman on July 8, 2009 from the Melissohori district. The 33-year-old victim was later released after relatives paid a ransom, reportedly some 20,000 euros.

    [02] Industrial enterprises' profits drop significantly in 2008

    Greek industrial enterprises' profits dropped 56 pct in 2008, according to a Stat Bank survey released on Tuesday. The study was based on a sample of 1,725 of the most important production enterprises in the country (based on sales) who had published financial results by Aug. 3, 2009.

    Profits plummeted as a result of a considerable increase in costs, borrowing costs in particular, that had a major impact on industry's finances, while the overall sales of companies in question increased by 10.4 pct.

    The significant drop in profits corresponds to three months of global crisis (the last quarter of 2008) and will be greater in the current year as result of the ongoing global crisis, according to the Stat Bank.

    [03] Slight bourse rise on Tues.

    Stocks ended slightly higher on Tuesday at the Athens Stock Exchange with the composite index of the market gaining 0.42 pct to end at 2,434.02 points. Turnover was a low 215.1 million euros, of which 11.8 million were block trades.

    Sector indices moved mostly upward with Financials (2.49 pct), Constructions (2.09 pct) and Health (1.22 pct) scoring the biggest percentage gains of the day. Telecoms (2 pct) and Mass Media (1.22 pct) recorded the biggest losses.

    The FTSE 20 index ended 0.84 pct up, the FTSE 40 index 0.44 pct down and the FTSE 80 rose 0.60 percent.

    From the stocks moved, 124 ended up, 107 declined and 41 remained unchanged

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