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Athens News Agency: News in English, 10-07-01

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

From: The Athens News Agency at <>


  • [01] Bill on pipeline OK'd
  • [02] Stocks end 1.25% higher

  • [01] Bill on pipeline OK'd

    (ANA-MPA) -- A draft bill regulating land issues related to the construction of the Burgas-Alexandroupolis oil pipeline - whose fate is uncertain ever since Bulgaria announced its intention to withdraw from the project - was approved on Thursday by the cabinet. The bill deals with matters (ANA-MPA) linked to expropriations of property and compensation due to owners where the pipeline will pass.

    An announcement by the Environment, Energy and Climate Change ministry stressed that the government was still committed to the prospect of completing the pipeline as a project of national importance and public benefit and that it was continuing its efforts in this direction. (ANA-MPA)

    The bill provides for compensation at 25 percent of the commercial value of property along the length of the pipeline's route as well as the restrictions on building and land use and the rights and obligations of owners of property that the pipeline passes through.

    [02] Stocks end 1.25% higher

    Stocks recovered on Thursday after a seven-day decline, which pushed the market more than 10 pct down. The composite index of the Athens Stock Exchange rose 1.25 pct to end at 1,452.13 points, with turnover a low 93.430 million euros.

    The Big Cap index rose 1.48 pct, the Mid Cap index ended 0.60 pct higher and the Small Cap index ended 2.48 pct up. The Insurance (3.53 pct) and Raw Materials (2.79 pct) scored the biggest percentage gains of the day, while Utilities (6.16 pct) and Personal Products (0.35 pct) suffered losses. Broadly, advancers led decliners by 102 to 54 with another 44 issues unchanged.

    Centric (14.29 pct), Nereus (13.11 pct) and Galaxidi (10 pct) were top gainers, while Cardico (14.29 pct), Medicon (9.91 pct) and Mohlos (9.09 pct) were top losers.

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