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

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

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

CONTENTS

  • [01] EBEA presents proposals to help in the recovery of the Greek economy
  • [02] Building activity down

  • [01] EBEA presents proposals to help in the recovery of the Greek economy

    ANA-MPA/The head of the Athens Chamber of Commerce and Industry, Constantinos Mihalos, on Wednesday urged the government to accept the chamber's proposals aimed at helping in the recovery of the economy and boosting business activity in the country.

    Speaking to reporters, Mihalos said the need for accepting these 10 proposals was more significant now ahead of a revision of the country's fiscal deficit and public debt. Mihalos said a revision of the country's statistics to the worse has been discounted, while he noted that Greece offered huge counter-incentives to attracting new enterprises. A recent survey by EBEA showed that almost nine out of 10 enterprises thought that the current tax policy was burdening their financial performance, while more than eight in 10 faced a decline in turnover, two in 10 were examining plans to relocate in foreign countries and one in two was examining the termination of their operations if financial performance did not improve within next year.ANA-MPa

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

    [02] Building activity down

    ANA-MPA/Building activity in the private sector dropped 24.8 pct in August, for a decline of 25.2 pct in the January-August period this year, with industry officials remaining pessimistic over the outlook of the sector. Private sector builders' hopes are focusing on home restoration and co-funded programs to saving energy.ANA-MPa

    Hellenic Statistical Authority on Wednesday said building activity in the private sector totaled 2,697 building permits, down 5.2 pct from August 2009, while it was down 24.8 pct in volume over the same period. Eastern Macedonia-Thrace (-48 pct), Epirus (-41.5 pct), Attica (-39.6 pct), Western Greece (-38.8 pct), Crete (-35.5 pct), Central Greece (-35.2 pct) and Western Macedonia (-30.3 pct) suffered the heaviest percentage losses in building volume among the country's regions, while only three regions scored gains in building volume, Southern Aegean (16 pct), Thessaly (11.7 pct) and the Peloponese (8.4 pct).

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


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