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Athens News Agency: News in English, 10-06-23

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

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

CONTENTS

  • [01] Current accounts deficit up
  • [02] Rehhagel bows out

  • [01] Current accounts deficit up

    Greece's current accouts deficit worsened in the January-April period, totalling 12.9 billion euros, up 25.5 pct compared with the corresponding period last year, reflecting a significant decline in current transfers from the EU to the general government (232 million euros in the four-month period from 2.27 billion euros in 2009).

    More analytically, the country's trade deficit widened by 373 million euros reflecting an increase in net payments for fuel imports by 765 million euros. Exlcuding ships and fuels, the trade deficit fell by 375 million euros in the January-April period, with imports falling 5.9 pct and exports easing 6.4 pct.

    The services surplus fell by 138 million euros, reflecting lower net revenues from transport services. Gross revenue from transport services rose 8.7 pct, while payments rose 25.8 pct in the January-April period. Travel spending by foreigners fell 7.8 pct, while Greek citizens' spending abroad fell 11.1 pct.

    The incomes' deficit shrank by 163 million euros compared with the same period in 2009, with net payments on interest, dividend and earnings falling by 176 million euros.

    The current transfers balance showed a deficit of 883 million euros, after a surplus of 1.379 billion euros in the four-month period last year. The capital transfer surplus fell to 159 million euros in the January-April period, from 814 million euros last year.

    Foreign direct investments totaled 1.1 billion euros in the first four months of the year, with portfolio investments recording a net outflow of 2.1 billion euros.

    [02] Rehhagel bows out

    (ANA-MPA) -- Greece's 2-0 defeat to Argentina in the preliminary round of the World Cup on Tuesday evening also marked the end of an era for the country's national football team.

    In a meeting with players on Wednesday, national team coach Otto Rehhagel announced his departure after nine years which, among others, saw Greece twice making it to the UEFA competition and even emerging as the Euro champions in 2004. (ANA-MPA)

    The 72-year-old German coach's announcement followed that of assistant coach Yiannis Topalidis the previous day.

    Following Rehhagel's departure, the likeliest candidate to (ANA-MPA) succeed him as Greece coach at the moment is Portuguese coach Fernando Santos, formerly coach of PAOK Thessaloniki and AEK Athens.


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