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Athens News Agency: News in English, 09-10-19

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

From: The Athens News Agency at <>


  • [01] EIB: Greece funding at 1.3 bln euros
  • [02] Tourism prospects dim, report
  • [03] Stocks end 1.22 pct higher

  • [01] EIB: Greece funding at 1.3 bln euros

    European Investment Bank has become a partner of the Greek government in an effort to boost the country‚s economy amid the international economic crisis, EIB vice-president Plutarhos Sakellaris said Monday.

    Speaking to reporters during a news conference, Sakellaris said EIB continued to fund all sectors of the Greek economy, noting that total funds in the nine-month period from January to September have totaled 1.3 billion euros, while funding agreements worth 300 million euros were expected to be signed by the end of the year.

    EIB‚s vice-president said emphasis would be given to the sectors of energy, tourism and urban reconstruction, along with the shipping sector.

    Sakellaris said the European Investment Bank also focused on supporting small- and medium-sized enterprises, with funds allocated to the sector accounting for 53 pct of total funds in the country.

    [02] Tourism prospects dim, report

    The number of tourist arrivals in Greece for the summer of 2009 was greater than expected, although a grim outlook was projected for next summer, according to early figures found in a report by GfK Retail and Technology, released on Monday.

    The report said that during this year‚s tourist season (January-August 2009), Greece ranked fourth among top travel destinations for UK citizens, with a decline of 20 pct, and with Zakynthos and Crete suffering the most. In terms of Russian citizens, Crete accounted for 40.7 pct of total holiday packages. Regarding Germany, the second most significant tourism market for Greece, holiday packages were down 4.4 pct, while 13 pct of Italian tourists preferred Greece as their holiday destination.

    The report stressed that countries such as Turkey, Tunisia and Egypt offer almost the same tourism product but at more attractive prices, with Turkey benefiting mostly from all inclusive packages.

    Conversely, Greece gets higher marks for a stable political climate and sense of security, which are ranked as very significant factors when choosing a holiday destination.

    Along those lines, tourism suffered in December 2008 due to violent street protests in Athens, with German bookings down 19 pct in December and 13 pct in January 2009. Those two months are the most significant booking months in Germany.

    [03] Stocks end 1.22 pct higher

    Greek stocks ended higher in the Athens Stock Exchange on Monday with the composite index of the market rising 1.22 pct to end at 2,864.63 points. Turnover was a reduced 289.2 million euros, of which 35.7 million euros were block trades.

    Most sectors moved higher, with the Telecommunications (2.28 pct), Industrial Products (2.10 pct), Banks (1.83 pct) and Raw Materials (1.60 pct) scoring the biggest percentage gains of the day, while Financial Services (1.51 pct), Media (0.85 pct) and Travel (0.78 pct) suffered losses.

    The FTSE 20 index rose 1.34 pct, the FTSE 40 index ended 0.70 pct higher and the FTSE 80 index rose 1.27 pct. Broadly, advancers led decliners by 113 to 100 with another 50 issues unchanged.

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