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Athens News Agency: News in English, 10-01-26

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

From: The Athens News Agency at <>


  • [01] Piraeus Bank Romania in 50-mln-euro funding programme for SMEs
  • [02] Stocks end 1.83% down

  • [01] Piraeus Bank Romania in 50-mln-euro funding programme for SMEs

    (ANA-MPA) -- The European Investment Bank (EIB) on Tuesday announced a 50-million-euro loan agreement with Piraeus Bank Romania, aimed to fund SMEs in Romania, especially in the sectors of industry, services (including tourism), agriculture, health, energy, environmental protection and the knowledge-based economy.

    A bank statement said the loan will offer greater access and more attractive funding terms to small-&-medium-sized enterprises in Romania, while it will also contribute in dealing with the consequences of the current economic crisis.

    The EIB has simplified funding procedures and has set new standards in lending.

    Eligible companies will have to employ less than 250 employees, while municipalities could also participate in the funding programme.

    [02] Stocks end 1.83% down

    Stocks resumed their downward spiral at the Athens Stock Exchange on Tuesday, with the composite index of the market ending 1.83 pct lower at 2,052.77 points, reflecting heavy losses in bank shares. Turnover was a moderate 183.9 million euros.

    The FTSE 20 index fell 2.31 pct, the FTSE 40 index ended 0.63 pct down and the FTSE 80 index fell 1.06 pct. The Banks (3.64 pct) and Media (2.05 pct) sectors suffered the heaviest percentage losses of the day, while Utilities (1.67 pct) and Personal Products (0.93 pct) scored gains.

    Vision-Sound (15.38 pct), Compucon (12.50 pct), Koubas (10.0 pct), Petzetakis (8.57 pct) and Alma-Atermon (7.69 pct) were top gainers, while Texapret (20 pct), Plias (16.67 pct), Desmos (11.11 pct) and Akritas (10.0 pct) were top losers. Broadly, decliners led advancers by 137 to 62 with another 41 issues unchanged.

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