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

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

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

CONTENTS

  • [01] Gov't unveils draft budget
  • [02] FinMin: 'People's sacrifices not in vain'
  • [03] Antakya Chorus of Civilizations in Athens this month
  • [04] Merger rumours boost bourse

  • [01] Gov't unveils draft budget

    (ANA-MPA) -- The government on Monday tabled its draft bill for the 2011 state budget in Parliament, envisaging a reduction of the general government deficit to 7.0 pct of GDP, down from 7.8 pct this year.

    The draft plan was calculated around targets set by a memorandum of economic policy and projects that the country‚s GDP will shrink by 2.6 pct in 2011, after decreasing 4.0 pct this year, before recovering with a projected growth rate of 1.1 pct in 2012 and 2.1 pct in 2013.

    The unemployment rate is projected to jump to 14.5 pct next year and to 15 pct in 2012, falling to 14.6 pct in 2013, after reaching 11.6 pct in 2010, while the inflation rate is projected to fall from 4.6 pct this year to 2.2 pct in 2011; 0.5 pct in 2012 and 0.7 pct in 2013. (ANA-MPA)

    (To read the entire article, please contact the ANA-MPA's subscription department)

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

    [02] FinMin: 'People's sacrifices not in vain'

    (ANA-MPA) -- Finance Minister George Papaconstantinou on Monday emphasised, during deliberations over a draft for the closely watched 2011 state budget, which "our people's sacrifices will not be in vain", shortly after the draft budget was tabled in Parliament.

    "This is yet another major step to tidying up our finances ... we are regaining our confidence, both domestically and overseas."

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

    [03] Antakya Chorus of Civilizations in Athens this month

    (ANA-MPA) -- The music department of the Parnassos Literary Society will present a concert by "Antakya Medeniyetler Korosu" (Antakya Chorus of Civilizations) on Friday, Oct. 15, at the Society's Parnassos Concert Hall in downtown Athens.

    According to a press release by the Turkish embassy in Athens, the city of Antakya is known for its multi-ethnic and multi-religious social fabric with roots dating back to the early ages and the ancient Near East city of Antioch. Antakya Chorus of Civilizations was established in 2007 to reflect these universal values.

    Members of the chorus include singers and musicians of the Muslim, Christian and Jewish faiths, people from various professions, including priests, imams and nuns as well as teachers, students and artisans.

    The chorus' conductor is Seyda Koyas.

    The concert is held under the auspices of the embassy of the Republic of Turkey in Athens.

    Ticket prices range from 10 to 15 euros. (ANA-MPA)

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

    [04] Merger rumours boost bourse

    A new wave of speculation over possible mergers in the domestic banking sector, this time referring to Eurobank and Alpha Bank, boosted buying interest at the Athens Stock Exchange on Monday, pushing the composite index of the market 1.37 pct higher.

    The index ended at 1,488.71 points, with turnover rising to 148.196 million euros. Alpha Bank (7.19 pct) and Eurobank (5.14 pct) were among top gainers, followed by National Bank (+2.5 pct).

    The Big Cap index rose 1.95 pct, the Mid Cap index were unchanged and the Small cap index ended 0.46 pct up. The Health (3.08 pct) and Banks (2.91 pct) scored the biggest percentage gains of the day, while Insurance (2.32 pct) and Industrial Products (0.90 pct) suffered losses.

    Broadly, advancers and decliners were equally distributed, with another 51 issues unchanged. Altec (12.5 pct), ETEM (12.5 pct) and Edrasi (9.09 pct) were top gainers, while Fieratex (16.67 pct), Cardico (12.5 pct) and Medicon (9.41 pct) were top losers.

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


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