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Athens News Agency: News in English, 11-07-20

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

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

CONTENTS

  • [01] Greek bond market closing report
  • [02] FM to receive Israeli opposition leader Livni
  • [03] Taxi owners out of service
  • [04] Cabbies extend strike indefinitely
  • [05] EU task force head
  • [06] Stocks end slightly lower

  • [01] Greek bond market closing report

    (ANA-MPA) -- The yield spread between the 10-year Greek and German benchmark bonds shrank further to 14.30 pct in the domestic electronic secondary bond market on Wednesday, from 14.9 pct on Tuesday, with the Greek bond yielding 17.04 pct and the German Bund 2.74 pct. Turnover in the market was a low 7.0 million euros, of which 6.0 million were buy orders and the remaining 1.0 million euros were sell orders. The five-year benchmark bond was the most heavily traded security with a turnover of 3.0 million euros.

    In interbank markets, interest rates moved lower. The 12-month rate was 2.17 pct, the six-month rate 1.81 pct, the three-month 1.60 pct and the one-month rate 1.45 pct.

    &copy; ANA-MPA SA. Intellectual rights and copyright belong to the ANA-MPA S.A.

    Reproduction of ANA-MPA content by visitors of this website is strictly forbidden.

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

    [02] FM to receive Israeli opposition leader Livni

    (ANA-MPA) -- Greek Foreign Minister Stavros Lambrinidis will meet in Athens at noon on Thursday with visiting Israeli opposition leader and former Israeli foreign minister Tzipi Livni, it was announced on Wednesday.

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

    [03] Taxi owners out of service

    (ANA-MPA) -- Striking taxi owners from the nearby major western Greece port city of Patras and the prefecture of Aetoloakarnania, across the Gulf of Patras in west-central Greece, lined up their vehicles in front of the imposing Rio-Antirrio span bridge (south end) on Wednesday, 20 July 2011. Taxi cab owners around the country are demanding that the government take back a law fully liberalising the sector, which essentially means that any citizen in good standing can apply for a taxi license. ANA-MPA / YIOTA KORBAKI

    &copy; ANA-MPA SA. Intellectual rights and copyright belong to the ANA-MPA S.A.

    Reproduction of ANA-MPA content by visitors of this website is strictly forbidden.

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

    [04] Cabbies extend strike indefinitely

    (ANA-MPA) -- Taxi owners decided to continue their strike indefinitely and to find additional forms of protest, a decision taken during a general meeting on Wednesday after a breakdown of talks with the relevant minister.

    The head of the taxi owners' association (SATA) said that no taxis will cruise the streets for the duration of the strike and expressed his distress at the "10-15 provocateurs" that were responsible for incidents outside the minister's office.

    The 90-minute meeting with Infrastructure, Transport & Networks Minister Yiannis Ragoussis and representatives of striking taxi owners ended in deadlock, (ANA-MPA) while violence erupted outside the ministry when some protesting taxi owners tried to storm the building and were repelled by riot police.

    Taxi owners began with a 48-hour nationwide warning strike at dawn on Monday, which they first extended for 48 hours and then indefinitely when talks with the ministry broke down.

    Meanwhile, taxi owners around the country also engaged in other forms of protest action on Wednesday, blocking access to roads, ports and airports throughout Greece. (ANA-MPA_

    &copy; ANA-MPA SA. Intellectual rights and copyright belong to the ANA-MPA S.A.

    Reproduction of ANA-MPA content by visitors of this website is strictly forbidden.

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

    [05] EU task force head

    BRUSSELS (ANA-MPA) -- European Commission President Jose Manuel Barroso on Wednesday appointed Horst Reichenbach, Vice-President of the European Bank for Reconstruction and Development (EBRD) and former director general of the Commission, to chair the task force for providing technical assistance to the Greek government.

    "With the launch of the task force for Greece, the Commission wants no stone left unturned when it comes to using structural funds in the best way possible to assist Greece in enhancing competitiveness, boost growth and tackle unemployment," Barroso said.

    He noted that Reichenback brought "precious experience and great expertise to the task". (ANA-MPA)

    Barroso proposed a comprehensive programme of technical assistance to Greece during talks with Greek Prime Minister George Papandreou in June, to help support the delivery of the EU-IMF adjustment programme and accelerate the absorption of EU funds. The proposal was endorsed by the European Council on June 23-24. (ANA-MPA)

    &copy; ANA-MPA SA. Intellectual rights and copyright belong to the ANA-MPA S.A.

    Reproduction of ANA-MPA content by visitors of this website is strictly forbidden.

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

    [06] Stocks end slightly lower

    Stocks edged lower in the Athens Stock Exchange on Wednesday with investors cautious ahead of a crucial EU Summit on Thursday. The composite index of the market ended 0.29 pct lower at 1,184.35 points, ignoring a recovery in other European markets. Turnover was a low 51.643 million euros. The Big Cap index fell 0.03 pct, the Mid Cap index rose 0.60 pct and the Small Cap index eased 0.29 pct. Cyprus Bank (1.85 pct), National Bank (1.61 pct) and Piraeus Bank (1.18 pct) were top gainers among blue chip stocks, while Titan (2.79 pct), Coca-Cola 3E (2.03 pct0 and MIG (1.96 pct) were top losers.

    The Health (4.68 pct) and Travel (1.09 pct) sectors scored gains, while Insurance (4.17 pct) and Food (1.98 pct) suffered the heaviest percentage losses of the day. Broadly, advancers narrowly led decliners by 62 to 61 with another 54 issues unchanged. Unibios (20 pct), Haidemenos (15.48 pct) and NEL (11.76 pct) were top gainers, while Koumbas Holdings (12.5 pct), Sarandopoulos Mills (10 pct) and Hatzikranioti (8.14 pct) were top losers.

    &copy; ANA-MPA SA. Intellectual rights and copyright belong to the ANA-MPA S.A.

    Reproduction of ANA-MPA content by visitors of this website is strictly forbidden.

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


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