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Athens News Agency: News in English, 10-12-28

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

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

CONTENTS

  • [01] Minister on future of urban transports
  • [02] OTE trade union issues strong response to DT official's statements
  • [03] Stocks end higher

  • [01] Minister on future of urban transports

    Infrastructure, Transport and Networks Minister Dimitris Reppas on Tuesday referred to the government‚s plans as regards the future of urban transport in Attiki on the occasion of the mobilizations announced by employees in the public transport companies operating in the greater Athens region.

    Reppas stated the plans include the establishment of a Metropolitan Urban Transport Authority and the reorganization of the public transport companies currently in operation through their merger from five to two; one for the road transport means and one for the rail-based.

    He underlined that the restructuring was necessary for better operation and improved quality services, adding that the government will enter a discussion with the employees before a relevant draft law will be tabled in parliament next month.

    Reppas stated the employee mobilisations are unjustified and assured that the public nature of transport will be maintained while no job positions will be lost, pointing out, however, that safeguarding the viability of the transport companies is a priority.

    "The people should not be the ones to pay for the huge deficits in Athens‚ urban transport that were the result of mismanagement, bad planning and unjustified high operating cost," he stressed, adding that "the social and public interests should be above trade unionist interests".

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

    [02] OTE trade union issues strong response to DT official's statements

    (ANA-MPA) -- The Federation of Telecommunication Workers (OME-OTE) trade union on Tuesday sharply criticised comments made a day earlier in the German-language edition of the "Financial Times" by Deutsche Telekom representative and Hellenic Telecommunications (OTE SA) non executive board member Guido Kerkhoff.

    OME-OTE president Panagiotis Koutras told ANA-MPA that Greece has laws and individual business labour contracts that regulate every issue concerning remuneration costs.

    In his comments in the FT, Kerkhoff maintains that there are still many structural problems in the fixed network sector in Greece that need to be resolved and that OTE wages should be cut considering that, on the average, are higher than the wages paid in the parent company Deutsche Telekom.

    According to Koutras, no comparison can be made between OTE and Deutsche Telekom because their operating structure is different and blamed the policy followed by the Hellenic Telecommunications and Post Commission (EETT) for the revenues lost by OTE.

    Koutras alleged that EETT does not allow the company to sell affordable and quality services to Greek consumers whereas its competitors are free to exploit OTE's infrastructure and violate market and labour laws.

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

    [03] Stocks end higher

    Greek stocks ended mildly higher in the Athens Stock Exchange on Tuesday, with the composite index rising 0.49 pct to end at 1,411.09 points. Turnover was a disappointing 49.623 million euros. The Big Cap index rose 0.70 pct, the Mid Cap index ended 0.08 pct higher and the Small Cap index ended 1.68 pct up. OPAP (2.88 pct), Viohalco (2.56 pct) and National Bank (1.99 pct) were to gainers among blue chip stocks, while Titan (1.02 pct) and OTE (0.96 pct) were top losers.

    The Travel (2.80 pct) and Media (2.57 pct) sectors scored the biggest percentage gains of the day, while Telecoms (0.96 pct) and Personal Products (0.65 pct) suffered losses.

    Broadly, advancers led decliners by 83 to 59 with another 69 issues unchanged. Altec (16.67 pct), Newsphone (14.71 pct) and Spider (14.29 pct) were top gainers, while PC Systems (13.33 pct), Naftemporiki (11.63 pct) and Unibios (11.11 pct) were top losers.

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


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