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Athens News Agency: News in English, 11-03-28

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

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

CONTENTS

  • [01] PPC eyes power rate deregulation in early 2012
  • [02] ADEX closing report
  • [03] Greek Independence Day parade down 5th Ave.
  • [04] Trade deficit down 33.3% in Jan.
  • [05] Greece, India investment pact
  • [06] Stocks end moderately lower 

  • [01] PPC eyes power rate deregulation in early 2012

    (ANA-MPA) -- Public Power Corp. (PPC) president and managing director A. Zervos on Monday announced the utility's results for 2010, referring to a full deregulation of power rates as of early 2012 for major customers. To view the entire article please contact the ANA-MPA's subscription department at 2106400560.

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

    

    [02] ADEX closing report

    The March contract on the FTSE 20 index was trading at a discount of 0.88 pct in the Athens Derivatives Exchange on Monday, with turnover shrinking to 26.992 million euros. Volume on the Big Cap index totaled 5,896 contracts worth 21.984 million euros.

    Volume in futures contracts on equities totaled 7,467 contracts worth 5.008 million euros, with investment interest focusing on National Banks contracts (1,649), followed by Eurobank (457), OTE (1,220), PPC (899), Piraeus Bank (203), Alpha Bank (677), Mytilineos (642), Cyprus Bank (358), Hellenic Postbank (225).

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

    

    [03] Greek Independence Day parade down 5th Ave.

    The annual Greek Independence Day Parade down Fifth Avenue in Manhattan was held on Sunday, March 27, 2011, this week, with Greek-American societies, groups, tri-state area Church congregations and philhellenes taking part. A unit of the Evzones Presidential Guard also paraded down the famed boulevard. The government was represented by Citizens' Protection Minister Christos Papoutsis. ANA-MPA / D. PANAGOS.

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

    

    [04] Trade deficit down 33.3% in Jan.

    Greece's trade balance deficit posted a further decline of 33.3 percent n January this year, according to provisional figures released on Monday by the independent Hellenic Statistical Authority (ELSTAT).

    The decline in the deficit was attributed to a continuing increase in the value of exports and a decline in the value of exports. (ANA-MPA).

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

    

    [05] Greece, India investment pact

    (ANA-MPA) -- Greece and India on Monday signed a protocol for strengthening bilateral cooperation in investments, wrapping up the 6th Joint Greek-Indian Ministerial Committee held in Athens. The two sides also agreed that Deputy Foreign Minister Spyros Kouvelis should visit New Delhi at the head of a business delegation in the near future.

    "We want to build up strategic economic cooperation with a dynamically growing economy and this is very significant for Greece, which is in the midst of an effort for outward-looking growth," Kouvelis said after the end of the committee meeting.

    The agreement covers a number of sectors, including renewable energy sources and green technologies; tourism; port development; air and sea transport; science and technology; agriculture; and construction and infrastructure - all areas that are currently growing strongly in India.

    According to Indian Minister of State for Commerce and Industry Jyotiraditya Scindia, who co-chaired the meeting with Kouvelis, afterward spoke of "great potential" for promoting trade transactions and investments. He referred to long-standing ties between the two countries since antiquity and invited Kouvelis to visit India.

    (ANA-MPA)

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

    

    [06] Stocks end moderately lower

    Stocks ended lower at the Athens Stock Exchange on Monday as investors found few new incentives to open new positions in the market. The composite index fell 0.66 pct to end at 1,611.51 points, with turnover a low 95.020 million euros.

    The Big Cap index fell 0.85 pct, the Mid Cap index dropped 1.33 pct and the Small Cap index ended 0.24 pct higher. Titan (3.09 pct), OTE (2.79 pct), Coca-Cola 3E (2.20 pct) and OPAP (0.84 pct) were major gainers among blue chip stocks, while PPC (5.29 pct), ATEbank (3.70 pct), National Bank (3.60 pct) and Hellenic Postbank (3.55 pct) were major losers.

    The Insurance (3.17 pct), Telecoms (2.79 pct) and Food (2.18 pct) sectors scored the biggest percentage gains, while Utilities (4.38 pct), Commerce (4.67 pct) and Banks (2.11 pct) suffered losses. Broadly, decliners led advancers by 85 to 68 with another 51 issues unchanged.

    AXON Holdings (18.75 pct), Edrasi (16.67 pct) and Spider (11.11 pct) were top gainers, while Creta Farm (14.98 pct), Xylemporia (14.81 pct) and Unibios (11.11 pct) were top losers.

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


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