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Athens News Agency: News in English, 10-11-09

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

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

CONTENTS

  • [01] Inflation falls to 5.2pct
  • [02] Major cocaine bust
  • [03] Industrial production down

  • [01] Inflation falls to 5.2pct

    ANa-MPA/Greek inflation fell to 5.2 percent in October from 5.6 percent in September, the independent Hellenic Statistical Authority (ELSTAT) said on Tuesday.

    According to figures released on Tuesday by ELSTAT:

    The Consumer Price Index (CPI) in October 2010 compared with October 2009, increased by 5.2%. In October 2009, the annual rate of change of the CPI was 1.2%.ANA-MPA

    The CPI in October 2010 compared with September 2010, increased by 0.2%. In October 2009, the monthly rate of change of the CPI was 0.5%.

    In the twelve-month period from November 2009 to October 2010 compared with the period from November 2008 to October 2009 the annual average rate of change of the CPI was 4.3%. The corresponding annual average rate of change of the CPI in the previous year (November 2008 to October 2009), was 1.2%.

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

    [02] Major cocaine bust

    Four people were arrested and some 48 kilos of cocaine were seized by authorities in the western port city of Patras and in Athens in a cocaine bust on Monday.

    Patras port authorities, acting on a tip-off and with the help of sniffer dogs, on Monday discovered a large quantity of cocaine (approximately 48 kilos) during a check of a truck in the port that had arrived from Bari, Italy, by ferry. The narcotic was concealed in a specially-designed hiding space in the driver's cabin of the truck, and had been covered by a special cream and wrapped in carbon paper so that it could not be traced by x-ray instruments.

    Authorities also found a carton containing 10 one-kilo boxes of the chemical substance phenacetin in white powder, which was to be mixed with the cocaine in order to increase the quantity of the drug.

    The driver of the truck and two others in a car accompanying the truck were arrested in the port, and a subsequent operation in Athens led to the arrest of a 48-year-old Albanian national said to be the recipient of the cocaine.

    According to port officials, Monday's stash was one of the largest quantities of cocaine to be seized in the last five years, while international connections were not ruled out

    The investigation was continuing for possible other members of the drug ring.

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

    [03] Industrial production down

    ANA-MPA/Industrial production fell 7.1 pct in September as a result of a shrinking private consumption in the country, creating a negative outlook for employment in the country.

    Hellenic Statistical Authority, in a report published on Tuesday, said the industrial production index fell 7.1 pct in September compared with the same month last year, after a decline of 9.1 pct recorded in September 2009. The index was down 5.7 pct on average in the January-September peirod, after a decline of 10.1 pct recorded in the corresponding period last year.ANA-MPa

    The statistics service attributed the 7.1 pct decline of the index to a 22.3 pct drop in mining production, an 8.3 pct fall in manufacturing production, a 0.3 pct decline in electricity and a 3.5 pct rise in water production.

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


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