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Athens News Agency: News in English, 10-03-23

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

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

CONTENTS

  • [01] The riparian forest of Apollonia on Lake Volvi
  • [02] FinMin at IHT conference
  • [03] ASE: Big rise

  • [01] The riparian forest of Apollonia on Lake Volvi

    The riparian forest of Apollonia, on the southern bank of Lake Volvi, is one of the very few hydrophilous lakeside forests still existing in Europe, and is the only area in Greece to host mixed colonies of grey herons (Ardea cinerea) and white storks (Ciconia ciconia) in a unique cohabitation in the heart of the forest.

    Apollonia is an endangered forest today given that, in the past, it extended over 3 million sq. meters, but heavy tree-cutting for expansion of cultivated land has dramatically shrunk the forest to just 150,000 sq. meters today.

    The Apollonia is a forest of unique ecological value due to its wide variety of flora and fauna, and also its extremely rare Alnopopuletum phytosociety consisting of plane trees, matchwood trees, silver poplars, willow trees and osier willows growing together in a single forest.

    [02] FinMin at IHT conference

    ANA-MPA/Greece has not asked for money from anyone, and will tackle the problem of its economy on its own, finance minister George Papaconstantinou reiterated on Tuesday, addressing an International Herald Tribune (IHT) international business conference in Athens titled "Greece at the Crossroads: Will reforms bring competitiveness and Investments?

    "We are not looking for a 'deus ex machina'. We know that the best guarantee is strict adherence to our Stability and Development Program (SDP) which consolidates confidence among our citizens, our partners, the EU, and also the international markets," Papaconstantinou stressed.

    On Greek state borrowing, the minister said that Greece is totally capable of continuing to satisfy its borrowing needs and borrow on the international markets. So long as the country remains firm on the target set out in the SDP and that mandate it received, as the new government, to change things, so will the Greek government bond spreads recede.

    [03] ASE: Big rise

    Equity prices were rising at the opening of trade on Tuesday on the Athens Stock Exchange (ASE), with the basic share price index up 2.03 percent, standing at 2,051.04 points at 11:15 a.m., and turnover at 27.702 million euros.

    Individual sector indices were moving upward nearly across the board with the biggest gains in Travel and Recreation, up 3.45 percent; Oil and Gas, up 2.65 percent and Banks, up 2.55 percent.

    The biggest losses were in Food and Beverages, down 0.75 percent; and Telecoms, down 0.33 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 2.60 percent, the FTSE/ASE MID 40 index was up 1.05 percent, and the FTSE/ASE-80 small cap index was up 1.08 percent.

    Of the stocks moved, 57 were up, 14 were down, and 15 were unchanged.


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