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Athens News Agency: News in English, 11-05-04

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

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

CONTENTS

  • [01] ASE plans tighter rules for listed companies
  • [02] Econ sentiment down
  • [03] No room for more spending cuts
  • [04] HMS Albion in Souda 

  • [01] ASE plans tighter rules for listed companies

    (ANA-MPA) -- copy-paste

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

    

    [02] Econ sentiment down

    (ANA-MPA)-Greece's economic sentiment index fell further in April to 74.2 points, from 78.4 in March, the Institute for Economic and Industrial Research (IOBE) said on Wednesday. In a monthly report, IOBE attributed this decline to a worsening climate in the manufacturing and retail commerce sectors and said consumer confidence continued falling in the month.

    IOBE said the economic sentiment index fell to 2010 levels, evidence that businesses and consumers expectations failed to improve in the 12 months since the country resorted to a European support mechanism. Business expectations remain poor while most consumers continued having doubts over an economic recovery in the country.(ANA-MPA)

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

    

    [03] No room for more spending cuts

    Greek Regional Development and Competitiveness Minister Michalis Chrysohoidis on Wednesday said there was no large room for further cutting spending, as demanded by the troika, and stressed that more effort was needed towards boosting budget revenue and supporting growth, while he expressed his optimism that Greece will return to markets in 2012.

    The Greek minister attributed a shortfall in budget revenues to inefficient state mechanisms -which needed reorganization- and the states inspection inability. He noted that the Finance ministry was moving towards improving its efficiency with help from outside and sounded optimistic that this effort would bear fruit. He added, however: "Lets be honest, without growth, revenues will be rise only marginally".

    Chrysohoidis said that as promised, prices on 700 products fell in the country since last Christmas, while another 2,000 products absorbed higher VAT rates, and underlined the need to promote Greek products. "A recovery will come from our own forces," he noted.

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

    

    [04] HMS Albion in Souda

    (ANA-MPA) -- The British Royal Navy flagship HMS Albion sailed into the Souda Bay anchorage (Crete) on Wednesday for a five-day courtesy call.

    HMS Albion is an amphibious assault ship and platform dock for helicopters. The warship is capable of carrying more than 600 crewmembers and marines; it hosts four amphibious craft and ready-to-deploy armoured military vehicles.

    The warship was designated as a fleet flagship in Dec. 2010. It set sail from Plymouth in early April to participate in a British ministry of defence exercise operation in the Mediterranean. (ANA-MPA)

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


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