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Athens News Agency: News in English, 09-09-17

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

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

CONTENTS

  • [01] Greek trade deficit down in June, Eurostat
  • [02] FDIs up 165% in 2008
  • [03] Stocks end slightly lower

  • [01] Greek trade deficit down in June, Eurostat

    BRUSSELS (ANA-MPA) -- Greece's trade deficit totaled 14.5 billion euros in June, down 4.6 billion from the same month last year, Eurostat said on Thursday. The EU executive‚s statistics agency said Greek exports totaled 7.0 billion euros, while imports totaled 21.6 billion euros, with exports down 17 pct and imports down 22 pct from the corresponding month in 2008.

    Eurostat said Germany recorded the biggest trade surplus (59.4 billion euros), followed by Ireland (19.4 billion), while the UK recorded the highest deficit (46.4 billion euros), followed by France (28.8 bln), Spain (23.9 bln) and Greece (14.5 bln).

    The Eurozone recorded a trade surplus of 12.6 billion euros with the rest of the world, while the EU-27 a trade surplus of 700 million euros.

    [02] FDIs up 165% in 2008

    (ANA-MPA) -- Foreign direct investments in Greece totaled 5.09 billion US dollars in 2008, up 165 percent compared with the previous year, UNCTAD said in its World Investment Report 2009.

    The report, presented in Athens, said Greece ranked 49th, among 206 countries, in 2008, sharply improving its position from 73rd in 2007, while the United States, France, China, Britain and Russia were top in the world table.

    Foreign direct investment outflows totaled 2.65 billion US dollars in 2008, down 50 pct from 2007, with Greece ranking 39th, among 158 countries, down from 37th in 2007. The US, France, Germany, Japan and UK topped the list.

    FDI inflow reserves as a percentage of GDP was 10.3 pct in Greece last year, down from 17 pct in 2007, and sharply down compared with a 35.1 pct average rate in the EU. Greece ranked 57th among 206 countries. FDI outflow reserves as a percentage of GDP was 9.1 pct in 2008, down from 10.1 pct in 2007 and 44.2 pct in the EU. Greece ranked 36th among 153 countries.

    UCTAD said that mergers and acquisitions in Greece totaled 6.04 billion US dollars last year, while takeovers totaled 2.63 US dollars, with Deutsche Telekom's purchase of OTE ranking 51st globally in 2008.

    Global FDI flows were negatively affected by a global financial and economic crisis last year, with inflows expected to fall from 1.7 trillion US dollars in 2008 to less than 1.2 trillion in 2009, with a recover expected around 1.4 trillion US dollars in 2010.

    [03] Stocks end slightly lower

    Greek stocks edged lower in the Athens Stock Exchange on Thursday, with the composite index of the market falling 0.10 pct to end at 2,547.47 points. Turnover remained a strong 237.9 million euros, of which 21.5 million euros were block trades.

    Most sectors moved upwards, with the Oil (3.89 pct), Chemicals (3.15 pct), Industrial Products (1.11 pct) and Raw Materials (1.10 pct) scoring the biggest percentage gains of the day, while Travel (3.72 pct), Health (3.65 pct) and Utilities (3.10 pct) suffered losses.

    The FTSE 20 index fell 0.23 pct, the FTSE 40 index rose 0.01 pct and the FTSE 80 index rose 0.50 pct. Broadly, advancers led decliners by 110 to 101 with another 47 issues unchanged.


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