Browse through our Interesting Nodes on Greek Foreign Affairs 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, 14-09-02

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

From: The Athens News Agency at <>


  • [01] PM Samaras: Unemployment the most cruel enemy of society
  • [02] Greek PMI rose to 50.1 points in August‏

  • [01] PM Samaras: Unemployment the most cruel enemy of society

    ANA/MPA---Unemployment is the most insidious and cruel enemy of society and undermines the dreams of the youth, Prime Minister Antonis Samaras said at the governing council for employment on Monday.

    Samaras made clear that it (unemployment) should not be treated with wishful thinking and stated his determination for government action as the country is entering a recovery process.

    "For the first time, the GDP is seen rising after 24 quarters while 770,000 new jobs are expected to have been added by 2020," Samaras stressed.

    The prime minister called on the members of the governing council of employment to heed their recommendations in the next meeting, to be held in October, and to come up with a single proposal.

    On his part, Labour Minister Yiannis Vroutsis referred to the setting up of a special business register for consistent businesses. These businesses will have benefits such as less audits and possible reduced contributions.

    [02] Greek PMI rose to 50.1 points in August‏

    ANA/MPA---Greece's Purchasing Managers' Index (PMI) rose to 50.1 points in August from 48.7 in July, rising to a three-month high and recorded the first monthly increase since April.

    A new rise of production in the manufacturing sector was one of the factors behind this increase in the PMI index. The index has fallen in July for the first time in nine-months, but in August production rose steadily, with production of goods and investment goods rising in the month, while production of consumer goods remained unchanged.

    New orders in Greek factors rose in August, ending a two-month period of decline, while new export orders rose slightly in August. However, this increase in production and new orders failed to create new job positions, with workforce in manufacturing companies falling for the third successive month. Pending works fell again in August, with the strongest rate since July 2013.

    Inventories fell to the lowest levels in the last four months, while rising raw material prices pushed costs higher in August. On the other hand, factory prices continued falling in the month as companies cut prices to remain competitive on an international level.

    The PMI index -compiled by Markit- measures business activity in the manufacturing sector. Reading above 50 indicate a growing sector while readings below 50 a shrinking sector.

    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 Tuesday, 2 September 2014 - 8:38:07 UTC