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Athens News Agency: News in English, 11-05-18

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

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

CONTENTS

  • [01] Australian commemoration at Commonwealth cemetery on occasion of Battle of Crete anniversary
  • [02] Gov't rules out prospect of layoffs in public sector
  • [03] Stocks end significantly lower ļ»æ

  • [01] Australian commemoration at Commonwealth cemetery on occasion of Battle of Crete anniversary

    (ANA-MPA) -- Members of Australiaās Federation Guard (AFG) led a ceremony at the Phaleron (Faliro) Commonwealth War Cemetery in southern coastal Athens on Wednesday to commemorate the 70th anniversary of the Battle of Greece and Crete.

    Present at the ceremony were six Australian veterans of the specific WWII conflict, officials from the departments of veteransā affairs and defence, and Australian Parliament member Steve Georganas, who is of Greek heritage.

    The Commanding Officer of the AFG contingent Lt. Luke Haitas later commented on the solemn ceremony.

    "The commemoration went well and it was quite emotional for both the soldiers and the veterans," he said, adding: "Iām very proud of the Guard in conducting what was a dignified and solemn ceremony to remember those Australians that died defending Greece during the German invasion. Being of Greek heritage, with my family fighting in WWII, as well as being an Australian Army Officer, the ceremony was very moving for me - it emphasised the strong bond between the two nations."

    There are currently 2,029 Commonwealth servicemen of the Second World War buried or commemorated in the cemetery.

    Australia's Federation Guard is an ADF unit, comprised of members from the Royal Australian Navy, the Australian Army and the Royal Australian Air Force, which provides ceremonial support for the Australian Commonwealth. (ANA-MPA)

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

    ļ»æ

    [02] Gov't rules out prospect of layoffs in public sector

    (ANA-MPA) -- Interior Minister Yiannis Ragoussis on Wednesday again ruled out imminent layoffs, stressing that "for the time being, there is no question of layoffs in the public sector including employees with a permanent status and those under open-ended work contracts".

    Speaking in Parliament during the e-government draft law discussion, he underlined that "on the contrary, the government has avoided a pressing dilemma to proceed with the layoffs of 200,000 public sector employees when soon after the 2009 elections it adopted drastic reductions in their number. This was achieved through the abolition of the STAGE contracts, the considerable reduction of contract workers and the local government administration mergers introduced by the "Kallikratis" local government reform programme."

    Ragoussis also stressed that 150,000 employees have retired during the recent period, while the clause "one hiring for five retirements" has brought a drastic payroll cost reduction, pointing out that there is no question of additional layoffs.

    "The new system is based on the principle that the strict evaluation of employees is necessary to counteract a long absence of meritocracy that stemmed from client relations practices that dominated in the past," he said.

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

    ļ»æ

    [03] Stocks end significantly lower

    Stocks quickly erased Tuesday's gains, ending with significant losses in the Athens Stock Exchange on Wednesday. The composite index fell 1.39 pct to end at 1,328.10 points, after rising as much as 1.77 pct in intra-day trading. Turnover improved significantly totaling 108.36 million euros.

    The Big Cap index fell 1.73 pct, the Mid Cap index ended 0.12 pct higher and the Small Cap index edged 0.09 pct up. Ellaktor (2.77 pct), Mytilineos (1.17 pct) and Piraeus Bank (0.97 pct) were top gainers among blue chip stocks, while Viohalco (4.20 pct), Marfin Popular Bank (4.11 pct), Alpha Bank (3.56 pct) and ATEbank (3.64 pct) were major losers.

    The Chemicals (1.30 pct) and Raw Materials (1.04 pct) sectors scored gains, while Food (3.26 pct) and Financial Services (1.73 pct) suffered the heaviest percentage losses of the day. Broadly, advancers led decliners by 78 to 59 with another 49 issues unchanged. Altec (20 pct), Tegopoulos (18.75 pct) and Electronic Athens (14.81 pct) were top gainers, while Ridenco (14.29 pct), Kordellos Bros (8.82 pct) and Olympic Catering (8.11 pct) were top losers.

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


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