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Athens News Agency: News in English, 11-05-03

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

From: The Athens News Agency at <>


  • [01] Gov't dismisses reports over on Helliniko property
  • [02] ND to unveil latest proposals
  • [03] Stocks remain under pressure 

  • [01] Gov't dismisses reports over on Helliniko property

    (ANA-MPA) -- Government spokesman Giorgos Petalotis on Tuesday denied a front-page news report in an Athens daily according to which plans for the development of the state-owned Helliniko site -- the old Athens airport and adjacent facilities -- is not progressing as planned.

    Petalotis termed the news report as "groundless and unsubstantiated". He underlined that the "development plan for the Helleniko property has not been abandoned" and referred to a written confirmation received from Qatar several few weeks ago of continued interest in the specific investment.

    He also dismissed allegations over a directly assigned contract signed with a noted Spanish architect.

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


    [02] ND to unveil latest proposals

    (ANA-MPA) -- The updated proposals of main opposition New Democracy (ND) party, designed to lead the country out of the economic crisis, as the party said, will be unveiled at the Zappeion Hall in Athens on May 12 by ND leader Antonis Samaras, it was announced on Tuesday.

    Meanwhile, ND spokesman Yiannis Mihelakis said Samaras will meet with "troika" representatives on May 13, following their request.

    Responding to a question on whether national elections could be an answer to a bankruptcy risk faced by the country, Mihelakis spoke about "disaster scenarios that originate from inside the government" and referred specifically to statements on debt restructuring made by government vice-president Theodoros Pangalos and former prime minister Costas Simitis.

    ND also called on the government to give a clear response as regards the development of a state-owned real estate property at Helliniko in Athens following relevant news reports in an Athens daily raising transparency issues.

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


    [03] Stocks remain under pressure

    Stocks ended significantly lower in the Athens Stock Exchange on Tuesday. The composite index of the market fell 1.14 pct to end at 1,412.84 points, with turnover remaining a low 71.959 million euros. The Big Cap index fell 1.42 pct, the Mid Cap index ended 0.26 pct down and the Small Cap index rose 1.10 pct.

    Eurobank (3.98 pct), OTE (3.37 pct), Jumbo (3.22 pct) and Alpha Bank (2.84 pct) were top losers among blue chip stocks, while Ellaktor (2.88 pct) scored significant gains.

    The Media (6.24 pct), Health (2.65 pct) and Technology (2.10 pct) sectors scored gains, while Telecoms (3.37 pct), Personal Products (2.30 pct) and Banks (1.88 pct) suffered the heaviest percentage losses of the day. Broadly, decliners led advancers by 76 to 69 with another 46 issues unchanged. Vovos (19.3 pct), Mohlos (11.11 pct) and Pairis (9.38 pct) were top gainers, while General Commerce (15.38 pct), ANEK (10 pct) and Epilektos (9.3 pct) were top losers.

    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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