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Athens Macedonian News Agency: News in English, 13-02-26

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

From: The Athens News Agency at <>


  • [01] FM Avramopoulos holds series of meetings in Toronto
  • [02] FinMin: No further reduction of minimum wage
  • [03] Capital Link Greek Shipping Conference on Wed. in Athens

  • [01] FM Avramopoulos holds series of meetings in Toronto

    AMNA--Foreign Minister Dimitris Avramopoulos, who is on an official visit to Canada, met on Tuesday with representatives of important Canadian companies and of businesses of Greek origin.

    Avramopoulos presented, at a dinner organised by the General Consulate of Toronto in cooperation with banking and investing entities of Canada, Greece's comparative advantages in important sectors as transport, tourism and shipping as well as the substantial changes taking place in the Greek economy and the structural changes applied in all sectors which lead to the establishment of a more friendly, safe and attractive environment for investments in Greece.

    The Greek Foreign Minister briefed the participants on the important decisions taken in Europe that dissolved whatever doubts on Greece's position in the eurozone and Europe, on the restoration of Greece's credibility thanks to the Greek people's sacrifices and to the consistent implementation of the reforms programme as well as on the improvement of the country's image abroad, which creates an increasing interest from international companies to invest and activate in Greece.amna

    In the framework of the dinner, Avramopoulos met with the president of the Board of the El Dorado Gold company Robert Gilmore to whom he expressed the Greek government's determination to safeguard the necessary prerequisites in order that the company's planned investments to be concluded successfully something that will contribute to the creation of 2,500 jobs and to boosting Greek exports.amna

    Avramopoulos also visited the Greek Community Cultural Center in Toronto where he met with representatives of the Greek community. Addressing the audience the Greek Minister briefed them on the government's and the people's determination to proceed with the huge reforms that are necessary for the county in order for Greece to regain the position it deserves internationally. Avramopoulos also referred to Greece's important geopolitical role and discussed with the representatives of Greek organisations in Toronto the major Greek foreign policy issues.

    Finally, Avramopoulos met with Metropolitan Sotirios of Canada who briefed the minister on the Greek Church's multidimensional activities.

    [02] FinMin: No further reduction of minimum wage

    AMNA--The government will not need to take additional measures if the fiscal adjustment programme is strictly applied, Finance Minister Yannis Stournaras assured during an interview on private Mega television station, and underlined that the government was no intention of further reducing the minimum salary, but left open the issue of layoffs in the public sector, which he said was a subject of discussion with the European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF) 'Troika' of Greece's international lenders.

    "It is an open issue, put forward by the Troika. We ourselves would not want layoffs, and the progress regarding the mobility of civil servants is better than we expected. It is a difficult issue," Stournaras said.amna

    Stournaras is due to meet with Administrative Reform Minister Antonis Manitakis on Tuesday to discuss the government's general commitments to the Troika pertaining to the reorganisation of the public sector.

    [03] Capital Link Greek Shipping Conference on Wed. in Athens

    AMNA--The latest developments in shipping and the alternative funding solutions aiming to generate capital will be the focus at the 4th Shipping Conference organised by Capital Link on Wednesday at the Athens Hilton.

    According to Capital Link the number of banks active in the shipping sector has substantially decreased, however healthy programmes and companies can be funded.

    Greek shipping remains important to the maritime economy, constituting approximately 20 percent of the world's shipping fleet. In spite of the volatile markets and economic downturn, Greek shipping professionals have consistently adapted to changing conditions, seeking out growth and opportunity rather than yielding to their circumstances, according to Capital Link, which adds that history has shown that opportunities may arise even when there is recession.

    Roughly 1,000 delegates will participate in the conference as well as tens of shipowners, while Shipping, Maritime Affairs and the Aegean Minister Costis Moussouroulis is slated to be the inaugural speaker.amna

    In the framework of the Conference the 'Capital Link Shipping Leadership Award' will be bestowed on Greek shipowner Nikos Tsakos who owns over 70 ships.amna

    The Capital Link Greek Shipping Conference, titled "Navigating through Challenges and Opportunities", will not only cover the latest developments and trends in international trade, dry bulk commodities, and the energy markets - framed against the broader backdrop of the global economy - but also review the various funding alternatives for raising capital among listed and private shipping companies.

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