Athens News Agency: News in English, 02-07-22

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

CONTENTS

[01] 2004 Olympics chief calls for safety after building workers die

[02] Northern paperworks closes down, 600 jobless

[03] Foreign Exchange Rates - Tuesday

[04] Weather Forecast: Hot, sunny on Tuesday

[05] Greek stocks plunge to their October 1998 levels

[01] 2004 Olympics chief calls for safety after building workers die

Gianna Angelopoulos-Daskalaki on Monday called on engineering contractors building the 2004 Olympics village to adhere to industrial health and safety rules following the recent death of four workers on the site.

The national head of the Athens games was speaking during a tour of the village with European Union Commissioner Michel Barnier, who is inspecting projects co-funded by the 15-nation bloc.

Angelopoulos-Daskalaki has told the construction workers union that she will relay its complaints over working conditions at the site to the labour ministry and to employers.

[02] Northern paperworks closes down, 600 jobless

Drama-based Athenian Paperworks, the manufacturer of Softex paper products, closed down on Monday, leaving more than 600 jobless.

Preceding the board's decision to close the northern plant were three lockouts earlier in the year, with the last due to end on August 8.

Management said in the past that the company faced chronic financial problems.

Unions have sought intervention by Development Minister Akis Tsohatzopoulos and Labour Minister Dimitris Reppas to have management's decision rescinded.

[03] Foreign Exchange Rates - Tuesday

Reference buying rates per euro released by the European Central Bank

U.S. dollar 1.016

Pound sterling 0.646

Danish kroner 7.491

Swedish kroner 9.555

Japanese yen 118.2

Swiss franc 1.467

Norwegian kroner 7.541

Cyprus pound 0.581

Canadian dollar 1.572

Australian dollar 1.838

[04] Weather Forecast: Hot, sunny on Tuesday

Hot sunny weather is forecast in all parts of the country. Storms are likely on high ground on the mainland. Winds north-northwesterly, light to moderate. In the north, temperatures will range from 19C to 34C; on the rest of the mainland and in the Ionian from 21C to 37C; and in the Aegean islands from 23C to 33C. Temperatures in Athens between 25C and 37C; and in Thessaloniki from 24 to 33C.

[05] Greek stocks plunge to their October 1998 levels

Greek stocks ended Monday session's in the Athens Stock Exchange sharply lower pushing the general index back to its October 1998 levels.

Traders said investors liquidated positions under the influence of a negative climate in international markets.

The general index ended 1.89 percent lower at 2,083.34 points, with turnover a low 73.1 million euros.

The Investment, Telecommunications and IT Solution sectors suffered the heaviest percentage losses of the day (2.82 percent, 2.76 percent and 2.38 percent, respectively).

The FTSE/ASE 20 index for blue chip and heavy traded stocks dropped 2.11 percent, the FTSE/ASE MID 40 index eased 1.54 percent and the FTSE/ASE SmallCap 80 index ended 1.22 percent lower.

Broadly, decliners led advancers by 277 to 39 with another 38 issues unchanged.

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