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Athens News Agency: News in English, 10-12-07

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

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

CONTENTS

  • [01] Public transport strike
  • [02] ASE opening: Big rise 

  • [01] Public transport strike

    ANA-MPA/Public transport employees in Athens will be holding a 24-hour on Wednesday.

    The Athens Metro, ISAP trains, trams and the Proastiakos suburban railway services will come to a standstill on Wednesday as employees strike in protest of changes planned by the government, and more specifically the infrastructures, transport and networks ministry, to the organisational structure of and labor relations in the branch of public transport.

    Hellenic Rail (OSE) employees will also be joining in the 24-hour strike in Athens, resulting in the cancellation of at least 35 routes.ana-mpa

    The ministry's plans to deal with the deficit-ridden public utilities and organisations (DEKO), which include the loss-making public transports, is to merge the five transport companies in Athens currently operating under the umbrella OASA organisation into two companies, with transfers of personnel, cutbacks in workers' remuneration through abolition of subsidies rather than salary cuts, increases in ticket prices and reduction of the state subsidy of tickets from the current 75 percent of the ticket value to 50 percent.

    More details on the subscriber's page of ANA-MPA | Subscription request form

    

    [02] ASE opening: Big rise

    Equity prices were rising at the opening of trade on Tuesday on the Athens Stock Exchange (ASE), with the basic share price index up 1.98 percent, standing at 1,522.54 points at 11:15 am, and turnover at 21.862 million euros.

    Individual sector indices were moving upward nearly across the board, with the only decline in Telecoms, down 0.40 percent.

    The biggest gains were in Media, up 5.62 percent; Food and Beverages, up 2.97 percent; and Banks, up 2.21 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 1.85 percent, the FTSE/ASE MID 40 index was up 0.49 percent, and the FTSE/ASE-80 small cap index was up 1.25 percent.

    Of the stocks traded, 61 were up, 15 were down, and 18 were unchanged.

    More details on the subscriber's page of ANA-MPA | Subscription request form


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