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Athens News Agency: News in English, 10-10-01

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

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

CONTENTS

  • [01] Chinese Premier Wen Jiabao in Athens
  • [02] Interest hikes for most loans
  • [03] Stocks flat on Fri.

  • [01] Chinese Premier Wen Jiabao in Athens

    (ANA-MPA) -- Chinese Premier Wen Jiabao is due to arrive in Athens on Saturday for a three-day official visit that will be his first stop in a tour of Europe. It is also the first visit to Greece by a Chinese premier in the last 24 years and comes just two years after a visit to the country by Chinese President Hu Jintao in November 2008.

    In an interview with the Chinese news agency Xinhua, Greek Prime Minister George Papandreou said the visit was indicative of the "very strong strategic relationship" developing between the two countries, for the mutual benefit of both. (ANA-MPA)

    According to China's Ambassador in Athens Luo Linquan, (ANA-MPA) the visit will further enhance strategic cooperation with Greece and the European Union as a whole and is yet another message to the world that China gives its 'vote of confidence' to Greece's economic prospects and is willing to assist Greece and the EU in overcoming the economic crisis. (ANA-MPA)

    More details on the subscriber's page of APE-MPE | Subscription request form

    [02] Interest hikes for most loans

    (ANA-MPA) -- Interest rates on most types of loans moved upward in August, driven by the restricted liquidity in the system, according to figures released by the Bank of Greece on Friday.

    Interest rates on consumer loans (including credit cards) without defined maturity stood at 14.31 percent, up from 14.29 percent the previous month. Interest rates on business loans without defined maturity increased to 6.56 percent from 6.33 percent the previous month. (ANA-MPA)

    Loans to free-lance workers, farmers and small businesses without defined maturity rose to 9.11 percent from 9.07 percent. For business loans up to one million euros, interest rates rose marginally to 5.87 percent from 5.74 percent and for larger sums the interest rate fell slightly to 4.51 percent from 4.73 percent. (ANA-MPA)

    More details on the subscriber's page of APE-MPE | Subscription request form

    [03] Stocks flat on Fri.

    A rally by National Bank shares at the end of Friday's session at Athens Stock Exchange mostly overturned the mood, with stocks marginally dropping 0.17 pct to end at 1,468.52 points. Turnover was a low 122.77 million euros.

    The Big Cap index dropped 0.46 pct, the Mid Cap index ended 067 down and the Small Cap index posted a marginal 0.06 pct gain. The Commerce (1.92 pct) and Petroleum products (3.24 pct) sectors scored gains, while the Health (4.63 pct) and Telecoms (1.52) sectors suffered the heaviest percentage losses of the day. Broadly, advancers led decliners by 72 to 69 with another 56 issues unchanged.

    More details on the subscriber's page of APE-MPE | Subscription request form


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