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Athens News Agency: News in English, 11-01-04

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

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

CONTENTS

  • [01] Orhan Pamuk in Athens
  • [02] Mass transit strike cancelled
  • [03] Stocks significantly lower

  • [01] Orhan Pamuk in Athens

    (ANA-MPA) -- Noted Turkish novelist Orhan Pamuk, the 2006 Nobel Prize laureate in literature, will give a lecture at Athens Concert Hall (Megaron) on Jan. 11, within the framework of the Megaron Plus cultural programme.

    According to Pamuk, "the modern world can conquer a deeper self-awareness through literature which serves as a mirror that reflects its contradictions, deceptions and dead ends".

    The Nobel laureate's meeting with his fans in Greece was initially scheduled to take place last March but it was cancelled for personal reasons. (ANA-MPA)

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

    [02] Mass transit strike cancelled

    (ANA-MPA) -- Unions representing Athens public transport workers on Tuesday decided to suspend a 24-hour strike, with press reports pointing to a tougher stance adopted by the transport ministry, which notified company managements to file legal action against the industrial actions as "illegal and abusive".

    A court ruling on the lawsuits filed by the metro, electric railway (ISAP) and tram managements is expected later in the afternoon on Tuesday.

    ISAP electric rail workers decided to suspend a 24-hour strike announced for Wednesday and instead will hold a four-hour work stoppage between noon and 4 p.m. Buses will also participate in the work stoppage, while trolley buses, the all-important Athens metro and the Proastiakos suburban railway will run as scheduled. (ANA-MPA)

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

    [03] Stocks significantly lower

    Stocks ended significantly lower at the Athens Stock Exchange pushing the composite index of the market below the 1,400 support level. Bank shares came under strong selling pressure, with Piraeus Bank losing 11.76 pct of its value. The index dropped 1.63 pct to end at 1,396.58 points, with turnover a low 73.270 million euros.

    The Big Cap index dropped 2.06 pct, the Mid Cap index ended 2.08 pct down and the Small Cap index fell 1.18 pct. The Telecoms (2.76 pct) and Media (0.90 pct) sectors scored gains, while Banks (3.65 pct) and Financial Services (5.14 pct) suffered the heaviest percentage losses of the day.

    Broadly, decliners led advancers by 121 to 38 with another 43 issues unchanged.

    Tzirakian (10 pct), Sidma (10 pct), Ideal (9.80 pct) were top gainers, while Altec (12.5 pct), Piraeus Bank (11.76 pct) and Viosol (11.11 pct) were top losers.

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


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