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Athens News Agency: News in English, 09-11-02

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

From: The Athens News Agency at <>


  • [01] Avramopoulos withdraws from ND race
  • [02] Cosmote acquires Romania's Zapp
  • [03] PMI slightly down in Ōct.

  • [01] Avramopoulos withdraws from ND race

    (ANA-MPA) -- Former Athens mayor and minister Dimitris Avramopoulos on Monday announced that he was bowing out of the race to succeed main opposition New Democracy leader Costas Karamanlis at the party's helm, saying he does not want to be part of any "crisis" in the party amid the ongoing election process.

    Avramopoulos' decision now leaves three candidates: former ministers Dora Bakoyannis and Antonis Samaras and current Thessaloniki Prefect Panagiotis Psomiadis.

    In qualifying his decision, he again reiterated his proposal for allowing "friends" and "supporters" of the party, beyond registered rank-and-file members, the right to vote for a new ND president.

    [02] Cosmote acquires Romania's Zapp

    (ANA-MPA) -- Cosmote Group on Monday announced the completion of the acquisition of Telemobil SA (Zapp) in Romania, following approval of the deal by the country‚s competition authorities.

    Mihalis Chamaz, Cosmote‚s chief executive, commenting on the deal said:

    ‚The successful completion of the deal to purchase Zapp is a significant landmark for the group and its subsidiary in Romania, as it enhances Cosmote‚s presence in the domestic market. We have a very significant task ahead of us, ensuring that this move establishes the Group as a stronger player in the Romanian market to the benefit of consumers and the country‚s economy‚.

    Cosmote Romania is the fastest growing mobile telephony operator in the country, with more than 6.3 million customers and a 23 pct market share in four years of operation.

    [03] PMI slightly down in Ōct.

    (ANA-MPA) -- Greece‚s Purchasing Managers‚ Index (PMI) fell slightly in October to 48 points, down from 48.5 in September, entering the last quarter of the year on a weaker foot and reflecting a slightly worsening of operating conditions throughout the Greek manufacturing economy. However, the index remained markedly above the average levels recorded last year.

    Greek manufacturers cut production for the first time in three months, reflecting a shrinking of new orders and pressure on prices, while employment and inventories were also squeezed, as enterprises tried to limit costs.

    Greek manufacturing economic production shrank in October, after two months of weak growth. New orders dropped significantly both in the domestic and foreign markets.

    The Purchasing Managers' Index measures business activity in the manufacturing sector. Readings above 50 indicate a growing economy, while readings below 50 a shrinking economy.

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