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Athens News Agency: News in English, 10-08-04

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

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

CONTENTS

  • [01] FinMin to have final meeting with troika
  • [02] Gov't negative to PPC sale
  • [03] Tourist arrivals in Rhodes up
  • [04] ASE opening: Small decline
  • [05] Athens Newspaper Headlines

  • [01] FinMin to have final meeting with troika

    ANA-MPA/Finance Minister George Papaconstantinou will meet with the heads of the troika experts on Wednesday morning before the delegation draft their final report on the Greek economy, on the completion of their official inspection of the economy. Based on their report, the European Commission, the European Central Bank and the International Monetary Fund will approve the second tranche of a loan facility to Greece, worth 9.0 billion euros, a move already discounted by Greek authorities.

    The report will envisage specific timetables offered by government ministers for the implementation of commitments undertaken by Greece last May when it signed a memorandum with the troika (such as deregulation of so-called closed professions, stricter control of the wider public sector, combating tax and social contribution evasion, etc).

    [02] Gov't negative to PPC sale

    ANA-MPA/The European Commission, European Central Bank (ECB) and International Monetary Fund (IMF) troika's team of inspectors held a meeting on Tuesday with Environment, Energy and Climatic Change Minister Tina Birbili that focused on developments in the electricity market and the trioka's proposal for the sale of 40 percent of the lignite-fuelled and hydroelectric power plants of the state-owned Public Power Corporation (PPC) to private investors.

    According to reports, the Greek minister reiterated the negative stance of the government regarding the proposal. ANA-MPA

    Last Friday the ministry's general secretary for energy and climate change Constantine Mathioudakis met the team of visiting European Commission, ECB and IMF inspectors to discuss issues concerning the liberalisation of the Greek energy market.

    [03] Tourist arrivals in Rhodes up

    -PA/Tourist arrivals in the island of Rhodes rose 11.45 pct in July, compared with the same month last year. Figures released by the island's airport, showed that tourist arrivals with charter flights totaled 308,536 in July, up from 276,840 in July 2009.

    The German market showed a recovery in July, while tourist arrivals continued rising from the UK, Italy, Sweden, Israel, Russia and other smaller markets. The Holland and Norway markets were down, along with most markets from Eastern Europe. Domestic tourist was also down 16.93 pct in July compared with the same month last year.

    [04] ASE opening: Small decline

    Equity prices were declining at the opening of trade on Wednesday on the Athens Stock Exchange (ASE), with the basic share price index down 0.18 percent, standing at 1,766.74 points at 11:00 am, and turnover at 12.260 million euros.

    The biggest gains were in Health, up 2.64 percent; and Inxurance, up 1.47 percent.

    The biggest losses were in Food and Beverages, down 1.51 percent; and Media, down 1.47 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 0.38 percent, the FTSE/ASE MID 40 index was up 0.10 percent, and the FTSE/ASE-80 small cap index was down 0.25 percent.

    Of the stocks traded, 31 were up, 35 were down, and 16 were unchanged.

    [05] Athens Newspaper Headlines

    The Wednesday edition of Athens' dailies at a glance

    The European Commission, ECB and IMF troika's recommendation for the selling of 40 percent of the Public Power Corporation's (PPC) plants and the planned opening of closed-shop professions, mostly dominated the headlines in Wednesday's newspapers.

    ADESMEFTOS TYPOS: "PPC burns the Greeks".

    APOGEVMATINI: "Shock ahead of the next loan installment....Troika preannounces even worse days".

    AVGHI: "Blackout in government over PPC - Troika's demands divide the government".

    AVRIANI: "PPC causes blackout in PASOK".

    ELEFTHEROS: "Clash among ministers over PPC's sale - Environment and Energy Minister to Troika: We will not sell off, we have other alternatives".

    ELEFTHEROS TYPOS: "Blackout in government - Electric shock to consumers".

    ELEFTHEROTYPIA: "Plea to troika - Bargaining with the auditors in order to ease their pressure for the sale of PPC plants".

    ESTIA: "Greece refuses to change".

    ETHNOS: "Appointments in schools 'by the dropper'.".

    IMERISSIA: "SDOE-style corps against contribution evasion to be founded - Labour Ministry preparing the draft law ".

    KATHIMERINI: "Final round of discussions with the troika on PPC".

    LOGOS: "PPC's electroshock to the government, which is seeking alternative solutions".

    NAFTEMPORIKI: "2010 State Budget revenues a time bomb".

    NIKI: "Golden opportunities for your money".

    RIZOSPASTIS: "PAME (Communist Party of Greece affiliated labor organisation) open letter to judges and prosecutors throughout the country".

    TA NEA: "After the closed-shop professions, what?...Vague scenery for other professions ".

    TO VIMA: "Prime Minister George Papandreou hires Tommaso Padoa Schioppa (banker and economist and former Italian Economy and Finance Minister) to accelerate the country's exit from the crisis".

    VRADYNI: "Nightmare - 1 million unemployed in Greece".


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