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Athens News Agency: News in English, 10-03-09

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

From: The Athens News Agency at <>


  • [01] Annual NSS study on poverty released
  • [02] Stocks end slightly lower

  • [01] Annual NSS study on poverty released

    (ANA-MPA) -- Greece's national statistical service (NSS) on Tuesday put the number of families threatened by poverty at 832,975, -- or roughly 2.1 million people -- based on an incomes and living conditions for 2008.

    The poverty index -- calculated with the same methodology -- apparently shows a relevant consistency over the past 14 years, from 1994 to 2007.

    The benchmarks are 6,480 euros for a single person living on their own and 13,608 euros for a nuclear family of two adults and two children, whereas the average income of households in the country was set at 22,243 euros.

    However, as in previous years, there was no variable in the study taking into account the phenomenon of tax evasion in the country, with instances of well-paid physicians and attorneys, amongst others, declaring annual incomes below the above figures.

    [02] Stocks end slightly lower

    Stocks ended slightly lower in the Athens Stock Exchange on Tuesday with the composite index of the market losing 0.11 pct to end at 2,085.16 points, off the day‚s lows. Turnover was a moderate 185.428 million euros.

    The Health (1.94 pct) and Constructions (1.78 pct) scored the biggest percentage gains of the day, while Utilities (1.55 pct) and Industrial Products (1.34 pct) suffered losses. Broadly, decliners led advancers by 104 to 74 with another 51 issues unchanged. AEGE (15.96 pct), Hellenic Fish Farming (10 pct) and Sprider (9.21 pct) were top gainers, while Eurobrokers (12.78 pct), Nafpaktos Spin Mills (9.38 pct) and Nexans (8.71 pct) were top losers.

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