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Athens News Agency: News in English, 09-09-21

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

From: The Athens News Agency at <>


  • [01] Chemical industry urges measures to deal with econ crisis
  • [02] Stocks end 1.07% down

  • [01] Chemical industry urges measures to deal with econ crisis

    Greece‚s chemical industry on Monday urged for measures to deal with an economic crisis in the country. In a statement, issued by the Association of Hellenic Chemical Industries, the association said that chemical industries suffered a 10 pct decline in the first half of 2009.

    ‚Especially, businesses with activities in products for the construction sector suffered strongly with a decline in business around 15-25 pct,‚ Vasilis Gounaris, president of the Association said, adding that although a recovery was expected in the second half, this year‚s results would be lower compared with 2008.

    Gounaris said that the European Chemical Industry Council expects the industry to suffer an 11 pct decline in business this year, recovering with a 5.0 pct growth in 2010.

    He noted that there was a danger that this recovery to reach Greece with delay because of the country‚s economic weaknesses.

    [02] Stocks end 1.07% down

    Greek stocks ended lower in the Athens Stock Exchange on Monday, with the composite index of the market losing 1.07 pct to end at 2,527.90 points. Turnover was 158.7 million euros, of which 10.7 million euros were block trades.

    Most sectors moved lower, with the Insurance (4.49 pct), Personal/Home Products (1.97 pct) and Food/Beverage (0.47 pct) suffering the heaviest percentage losses of the day, while Health (4.28 pct), Financial Services (3.46 pct) and Travel (2.31 pct) scored gains.

    The FTSE 20 index fell 1.03 pct, the FTSE 40 index ended 0.52 pct lower and the FTSE 80 index dropped 0.58 pct. Broadly, decliners led advancers by 146 to 60 with another 43 issues unchanged.

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