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Athens News Agency: News in English, 11-02-18

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

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

CONTENTS

  • [01] FinMIN: No early elections, econ emerging from recession
  • [02] Current Accounts deficit down
  • [03] Contraband cigarettes 

  • [01] FinMIN: No early elections, econ emerging from recession

    (ANA-MPA)Finance minister George Papaconstantinou on Friday ruled out the prospect of early general elections, and expressed his conviction that the Greek economy was starting to emerge from recession, during a heated discussion in parliament with Coalition of the Radical Left (SYRIZA) parliamentary group leader Alexis Tsipras and Popular Orthodox Rally (LAOS) rapporteur Asterios Rondoulis on the exploitation of state assets.

    Papaconstantinou said that a plan already exists for the exploitation of state property aiming to raise 50 billion euros by the year 2015, clarifying that this was not a "Memorandum obligation" but a government choice.(ANA-MPA)

    He also ruled out the prospect of early general elections, reminding that prime minister George Papandreou himself has categorically stated that elections will take place at the end of the government's four-year term in office.(ANA-MPA)

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

    

    [02] Current Accounts deficit down

    (ANA-MPA)Greece's current account deficit dropped a substantial 38.5 percent year-on-year in December 2010, according to figures released on Friday by the Bank of Greece (BoG), the country's central bank.

    According to the BoG, in December 2010, the current account deficit fell substantially by 1,184 million or 38.5% year-on-year, reaching 1,890 million. This improvement is attributable mainly to a decrease in the trade deficit and - much less -- to a small rise in the surplus of the services balance. These developments more than offset an increase in the income account deficit and a decline in the current transfers balance.(ANA-MPA)

    The drop in the trade deficit by 1,323 million year-on-year was accounted for by decreases of 621 million in the trade deficit excluding oil and ships, and of 610 million and 92 million in the net import bill for oil and ships, respectively. Specifically, receipts from exports of goods excluding oil and ships remained virtually unchanged (-0.2%) year-on-year, while the import bill for goods excluding oil and ships dropped by 21.4% year-on-year. It should be noted that total receipts from exports of goods rose by 27.2% as a result of very large increases in receipts from oil exports and sales of ships.(ANA-MPA)

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

    

    [03] Contraband cigarettes

    (ANA-MPA)A Ukraine-flag freighter loaded with 1,990 crates of contraband cigarettes was seized by port authorities off the Argosaronic Gulf early Friday.

    The ship was escorted to the port of Keratsini, near Piraeus, where its 8-member crew, all Ukrainian nationals, was arrested.(ANA-MPA)

    The ship was sailing from Cyprus to the Albanian port of Durres.(ANA-MPA)

    The freighter was spotted as it was sailing southeast of Salamis island by Greek port authorities, who immobilised it and escorted it to Keratsini for inspection.(ANA-MPA)

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


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