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Athens News Agency: News in English, 10-08-11

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

From: The Athens News Agency at <>


  • [01] State budget deficit down
  • [02] Contraband cigarettes
  • [03] ASE opening: Decline
  • [04] Áthens Newspaper Headlines

  • [01] State budget deficit down

    ANA-MPA/According to the preliminary data available for the state budget implementation for the first seven months of 2010 (January - July), on a fiscal basis the deficit amounted to 12,097 million euro, versus 20,050 million euro during the same period of 2009 and consequently declined by 39.7%, against a targeted 39.5% annual decline foreseen in the economic policy programme, the state's General Accounting Office announced on Tuesday.

    The fiscal result of the seven months of 2010 is due to both a restriction of expenditures and increased revenues, and has been accomplished before the full attribution of the additional measures instituted on March and May, 2010, according to the office.

    [02] Contraband cigarettes

    ANA-MPA/A large quantity of contraband cigarettes, corresponding to roughly 3 million euros in unpaid tariffs and taxes, was discovered and seized on Tuesday morning by the Attica prefecture financial crimes squad (SDOE).

    Roughly 1,179,000 packs of contraband cigarettes were confiscated after a search in two containers at the container terminal in Neo Ikonio, Piraeus.

    The contraband cigarettes arrived at the Port of Piraeus from Egypt on July 19, 2010 and according to the documents accompanying the containers, they contained "office supplies" destined for Bulgaria

    [03] ASE opening: 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 1.06 percent, standing at 1,648.27 points at 11:00 am, and turnover at 9.245 million euros.

    All indexes were moving downwards with the biggest losses in Banks, down 1.75 percent; and Technology, down 1.42 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 1.63 percent, the FTSE/ASE MID 40 index was down 0.61 percent, and the FTSE/ASE-80 small cap index was down 0.65 percent.

    Of the stocks traded, 6 were up, 47 were down, and 11 were unchanged.

    [04] Áthens Newspaper Headlines

    The Wednesday edition of Athens' dailies at a glance

    The shortfall in state revenues from the Memorandum target in January-July 2010, the decrease in the state deficit, the market conditions, the changes in benefits in the public sector and the drop in real estate prices, dominated the headlines on Wednesday in Athens' newspapers.

    ÁDESMEFTOS TYPOS: "All opposition parties against the government over the disastrous economic policy".

    APOGEVMATINI: "Money exists in illegal gambling'.

    AVGHI: "Deep in recession - GDP 3.5 percent down in second quarter of the year".

    AVRIANI: "Help, we are destroyed! Market sends cry of agony".

    ELEFTHEROS TYPOS: "Plunge in real estate prices - Crisis creates new scenery in real estate market".

    ELEFTHEROTYPIA: "Six reversals for civil servants".

    ESTIA: "High taxes unfruitful".

    ETHNOS: "Pensions will be given from the Funds in ...installments - Extraordinary measures as of September to avoid a 'blackout'."

    IMERISSIA: "Alarm over the revenues - 9 percent decline in July".

    KATHIMERINI: "Finance Ministry speeds up to collect revenues - Target: 26.4 billion euros".

    LOGOS: "Suffocation in the market - One hundred thousand enterprises go out of business".

    NAFTEMPORIKI: "State Budget revenues off the target".

    NIKI: "Environment, Energy and Climate Change Minister Tina Birbili's crap - Explosive decision bomb changes the renewable energy sources map".

    RIZOSPASTIS: "Communist Party of Greece: Struggle for a popular development and not for the monopolies' profits".

    TA NEA: "Fuel prices a nationwide looting - Profiteering orgy in tourist areas".

    TO VIMA: "End to benefits and allowances".

    VRADYNI: "Disability pensions targeted - Intensive controls to identify the beneficiaries".

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