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Athens News Agency: News in English, 10-03-15

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

From: The Athens News Agency at <>


  • [01] Credit conditions improved
  • [02] Paper limit delays Siemens probe
  • [03] Stocks slightly up in low trading

  • [01] Credit conditions improved

    (ANA-MPA) -- Credit conditions showed signs of improvement in February, as an economic recession is taking its toll on financial transactions in the country. The value of bounced checks dropped 77.7 pct in February to 39.1 million euros, compared with January, while it was down 82.3 pct compared with the same month in 2009, Teresias SA, the credit market rating firm said on Monday.



    [02] Paper limit delays Siemens probe

    (ANA-MPA) -- Appeals court magistrates investigating the Siemens kickbacks affair in Greece have confiscated the visitors' book at the central offices of Siemens Hellas, according to an announcement on Monday.

    The two magistrates visited the company's Athens headquarters last week and confiscated the book, which records those entering and exiting the building from 1997 until the present day.

    They also asked for all contracts signed by Siemens Hellas concerning the part of the case related to the controversial C4I security system, in which Siemens Hellas acted as sub-contractor to SAIC.

    A large part of the case file, amounting to some 50,000 pages, has already been forwarded to a Parliamentary investigating committee. The remaining 70,000 pages are expected to be sent to Parliament as soon as approval is given by the justice ministry, which has set an upper limit on the amount of paper that can be used as part of a cost-cutting drive.

    [03] Stocks slightly up in low trading

    Stocks moved cautiously higher at the Athens Stock Exchange on Monday, in very thin trading conditions. The composite index of the market rose 0.36 pct to end at 2,123.18 points, with turnover a low 99.5 million euros.

    The FTSE 20 index rose 0.28 pct, the FTSE 40 index ended 0.78 pct higher and the FTSE 80 index eased 0.39 pct. The Travel (3.32 pct) and Insurance (2.44 pct) sectors scored the biggest percentage gains of the day, while Oil (1.90 pct) and Telecommunications (1.56 pct) suffered losses.

    Attica Publications (19.42 pct), PC Systems (19.05 pct), Boutaris (11.11 pct) and Parnassos (10.09 pct) were top gainers, while Zampa (8.73 pct), Hellenic Textiles (8.57 pct), Fashion Box (8.16 pct) and Kordellos Bros (7.69 pct) were top losers. Broadly, advancers led decliners by 87 to 82 with another 60 issues unchanged.

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