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Athens News Agency: News in English, 10-02-26

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

From: The Athens News Agency at <>


  • [01] Papandreou to meet Barack Obama
  • [02] Hellenic Petroleum profits up
  • [03] ASE opening: Rise
  • [04] Athens Newspaper Headlines

  • [01] Papandreou to meet Barack Obama

    Government spokesman George Petalotis said in Thursday that Prime Minister George Papandreou will be meeting US President Barack Obama in March. Petalotis said that the US president invited the Greek prime minister to visit the US on March 9, stressing that the exact date will be fixed through diplomatic channels.

    "In the very difficult conjuncture that we are in, such an inernational contact is very important," the spokesman added.

    [02] Hellenic Petroleum profits up

    Hellenic Petroleum Group on Thursday said its net profits totaled 175 million euros in 2009, sharply up from 12 million euros in 2008, although comparable net profits fell to 150 million euros from 204 million euros, over the same period respectively.

    The group's board will seek shareholders' approval to a plan to pay a 0.30 euros per share dividend to shareholders (Hellenic Petroleum has already paid a pre-dividend of 0.15 euros per share).

    A move to acquire BP's petrol station network in Greece (the deal was completed in December) affected the Group's results. Commenting on the results, G. Kostopoulos, Hellenic Petroleum's chief executive said both the international and domestic environment remained difficult, while refinery markets were affected by the crisis in the third and fourth quarters, with refinery margins falling to the lowest levels in a decade, with demand for oil products declined. "However, operating profitability was satisfactory," he noted.

    [03] ASE opening: Rise

    Equity prices were rising at the opening of trade on Friday on the Athens Stock Exchange (ASE), with the basic share price index up 0.29 percent, standing at 1,877.94 points at 11:00 a.m., and turnover at 14.352 million euros.

    Individual sector indices were moving mostly upward, with the biggest gains in Banks, up 0.56 percent; and Technology, up 0.89 percent.

    The biggest losses were in Food and Beverages down 1.66 percent; and Travel and Recreation, down 1.55 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 0.57 percent, the FTSE/ASE MID 40 index was up 0.42 percent, and the FTSE/ASE-80 small cap index was up 0.23 percent.

    Of the stocks moved, 26 were up, 30 were down, and 10 were unchanged.

    [04] Athens Newspaper Headlines

    The Friday edition of Athens' dailies at a glance

    The recommendation of the European Commission, ECB and IMF team, which concluded its visit to Athens on Thursday, for additional measures and the government's measures against the crisis, reactions to German press articles insulting to Greece including government vice president Theodoros Pangalos' statement on the issue of German war reparations, dominated the headlines on Friday in Athens' newspapers.

    ADESMEFTOS TYPOS: "Brussels orders additional tough measures on labour and pensions'.

    APOGEVMATINI: "Retirement at 67 and permission for firings in public sector'.

    AVGHI: "Demand that the (German) occupation 'loan' be paid back".

    AVRIANI: "Bravo Pangalos for your statements against the Germans".

    CHORA: "Pangalos' outburst on reparations in interview with BBC: The Germans destroyed the Greek economy".

    ELEFTHEROS TYPOS: "Government spokesman George Petalotis leaves uncovered government vice president Theodoros Pangalos over his statements on German war reparations - He fears German Chancellor Angela Merkel and coordinates his stance with that of his German counterpart'.

    ELEFTHEROTYPIA: "Supervisors' Troika demands additional shocking measures".

    ESTIA: "Three decades after our accession to the EU we have become the 'euro beggars'."

    ETHNOS: "Bargaining over the '14th salary' (Christmas bonus) and the benefits - The auditors' troika demanded 4.8 billion euros in additional measures".

    IMERISSIA: "Greece under suffocating pressure - Harsh bargaining with EU, and the IMF on the horizon".

    KATHIMERINI: "EU was not convinced and presses for abolition of the '14th salary'."

    LOGOS: "EU and IMF dictate new shocking package - Supervisors demanded 5 billion euros additional measures".

    NAFTEMPORIKI: "Auditors (EU-IMF team) recommend 4.9 billion euros additional measures".

    NIKI: "Embargo right now is the Greek answer to the German insult and vulgarity".

    RIZOSPASTIS: "Huge turnout with PAME (labour union affiliated to Communist Party) in Wednesday's labour strike".

    TA NEA: "103,290 houses to be auctioned for debts to the state - Tax bureau raid for 500 million euros".

    TO VIMA: "Seizure of homes for debts to Tax Bureau".

    VRADYNI: "Pension at 67 and deregulation of lay-offs in public sector".

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