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Athens News Agency: News in English, 10-06-17

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

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

CONTENTS

  • [01] 'Troika' satisfied with econ progress
  • [02] Stocks end 0.54% down

  • [01] 'Troika' satisfied with econ progress

    (ANA-MPA) -- Greeceās three-year economic adjustment programme is progressing as scheduled and measures are implemented as agreed, officials from the "troika" (European Commission, European Central Bank and International Monetary Fund) stated on Thursday.

    Speaking to reporters during a news conference, following completion of their regular visit to Athens (June 14-17) for briefings on the implementation of measures, the officials expressed their satisfaction over progress made in the program despite the fact that the delegation did not made a detailed inspection of Greek statistics.

    The representatives of the Commission, ECB and IMF said developments in fiscal policy were positive with public revenues moving as anticipated, while an austere control in spending was observed. Based on initial liquidity figures, by the end of May the budget deficit was lower compared with initial forecasts. They also said that pension reform has made significant progress with (ANA-MPA) agreement reached in several main parameters, exactly as envisaged in the memorandum. The officials said Greek authorities were making the necessary provisions to assess the contribution of pension reform in improving the medium-term viability of public finances. (ANA-MPA)

    [02] Stocks end 0.54% down

    Stocks ended moderately lower for another session this week at the Athens Stock Exchange on Thursday, with turnover shrinking to 73.849 million euros. The composite index of the market ended 0.54 pct down at 1,514.85 points. The FTSE 20 index fell 0.63 pct, the FTSE 40 index eased 0.27 pct and the FTSE 80 index rose 0.63 pct.

    The Personal Products (2.20 pct) and Technology (1.45 pct) sectors scored gains, while Travel (2.89 pct) and Health (2.40 pct) suffered the heaviest percentage losses of the day.

    Broadly, advancers led decliners by 89 to 71 with another 54 issues unchanged. Lavipharm (19.61 pct), Akritas (18.33 pct) and Euroholdings (18.18 pct) were top gainers, while Paperpack (12.5 pct), Lazaridis (7.69 pct) and Marak Electronics (7.41 pct) were top losers.


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