Browse through our Interesting Nodes on Business, Finance & Law in Cyprus A)? GHT="50">
Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Monday, 30 November 2020
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  World Press
  News Archives
Web Sites
  Interesting Nodes
  Special Topics
  Treaties, Conventions
  U.S. Agencies
  Cyprus Problem
  Personal NewsPaper
  Greek Fonts

Athens Macedonian News Agency: News in English, 12-06-25

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

From: The Athens News Agency at <>


  • [01] Rapanos says he won't assume FinMin post
  • [02] Stocks nosedive during Monday's session in Athens

  • [01] Rapanos says he won't assume FinMin post

    AMNA / Finance Minister-designate Vassilis Rapanos on Monday afternoon announced that he will not be able to assume the post, citing health reasons for his decision.

    [02] Stocks nosedive during Monday's session in Athens

    AMNA / Stocks suffered major losses on the Athens bourse on Monday, affected by the bearish climate in European markets as hopes started to wane that major decisions will be taken at a meeting of European leaders on Thursday and Friday in Brussels. Spain's request for assistance from bailout funds, though expected, generated anxiety and led to a rise in borrowing costs for Spain and Italy, while markets consider that Cyprus will also be forced to resort to the EU bailout mechanism after Fitch downgraded the country's economy.

    Within Greece, the health problems of the new prime minister and finance minister have heightened fears due to delays in taking decisions, as well as the arrival of the EU-IMF troika, while no decisions are expected to be taken concerning Greece at the EU summit in the absence of the PM.

    The composite index of the market nosedived 6.84 pct, falling below the 600-point barrier to end at 566.79 points. Turnover was a low 41.020 million euros.

    The Big Cap index fell 8.57 pct, the Mid Cap index ended 7.44 pct lower and all sector indices lost ground, with the greatest losses in Public Utilities (-15.09 pct), Telecommunications (-14.76 pct) and Banks (-13.88 pct).

    There were major losses for all blue chip stocks, with the greatest losses for PPC (-18.50 pct), Alpha Bank (-18.40 pct), Eurobank (-16.31 pct), OTE (-14.76 pct), NBG (-13.61 pct) and Ellaktor (-13.56 pct) suffered losses. amna

    Broadly, decliners led advancers by 95 to 26 with another 23 issues unchanged.

    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright © 1995-2016 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Monday, 25 June 2012 - 16:38:12 UTC