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Athens News Agency: News in English, 09-11-13

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

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

CONTENTS

  • [01] Greek mutual funds' assets up 10.07 pct this year
  • [02] Turkish business mission to Hania
  • [03] Tree planting at wildfire-ravaged site by US embassy staff, vols
  • [04] Stocks end 1.21% lower

  • [01] Greek mutual funds' assets up 10.07 pct this year

    (ANA-MPA) -- Greece's mutual funds' assets totaled 11.4 billion euros, up 10.07 pct from the beginning of the year, official figures showed on Friday.

    A report by the Association of Institutional Investors said that Eurobank EFG Mutual Funds Management Company topped the list with funds under management worth 2.8 billion euros, or 25.20 pct of total assets, followed by National Asset Management (17.37 pct), Alpha Asset Management (16.17 pct), Pension Funds (10.04 pct), Marfin Global Asset Management (6.52 pct) and HSBC Hellas (4.79 pct).

    [02] Turkish business mission to Hania

    One hundred and forty-five entrepreneurs from Turkey on Friday visited the Chamber of Commerce of Hania, Crete, part of a visit to enhance trade between Turkey and the region.

    "Turkey as is widely known, has low production costs because it has low labor costs" according to Hania Chamber of Commerce president Evangelos Spanoudakis, adding that "enterprises for their own interest, prefer to buy products from Turkey".

    It was the second visit that Turkish entrepreneurs from the Izmir Chamber of Commerce paid to Hania over the past two years.

    Turkish entrepreneurs represented sectors of clothing, beverages, footwear, furniture, building materials, tourism and electronics.

    [03] Tree planting at wildfire-ravaged site by US embassy staff, vols

    Volunteers from the US embassy along with local high school pupils and teaching staff on Friday planted 1,000 trees in a deforested area of Mt. Pendeli, which overlooks the greater Athens area from the north.

    The initiative was co-sponsored by Greenbelt with assistance from the municipality of Pendeli, Eurocharity, the Hellenic Society for the Protection on Nature and more than 120 volunteers, who planted pine and laurel trees in a fire-ravaged spot on Pendeli, which was scorched in 2007

    The pupils and volunteers were greeted at the reforestation site by US Amb. Daniel Speckhard, Pendeli Mayor Dimitris Stergiou and the president of Greenbelt, Vassilis Xipolitas.

    A presentation by a local fire brigade representative and a live video conference with the Montana US Forest Service was later held during a reception for pupils and volunteers at the US embassy.

    [04] Stocks end 1.21% lower

    Greek stocks continued moving lower at the Athens Stock Exchange on Friday, pushing the composite index of the market below the 2,600 level. The index ended at 2,588.71 points, down 1.21 pct, with turnover a low 157.6 million euros, of which 8.9 million euros were block trades.

    Most sectors moved lower, with the Oil/Gas (2.72 pct), Banks (1.87 pct), Industrial Products (1.39 pct) and Raw Materials (1.37 pct) suffering the heaviest percentage losses of the day, while Health (1.43 pct), Chemicals (0.62 pct) and Media (0.57 pct) scored gains.

    The FTSE 20 index fell 1.45 pct, the FTSE 40 index ended 0.07 pct lower and the FTSE 80 index eased 0.05 pct. Broadly, decliners led advancers by 107 to 72 with another 68 issues unchanged.


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