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Athens News Agency: News in English, 10-12-07

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

From: The Athens News Agency at <>


  • [01] IMF chief meets with Greek leadership
  • [02] Ski resort sector reforms
  • [03] Stocks rally on Tues. 

  • [01] IMF chief meets with Greek leadership

    (ANA-MPA) -- International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn urged Greek society and the country's political parties to support the government's efforts to navigate Greece's unprecedented economic crisis, speaking after talks with Prime Minister George Papandreou in Athens on Tuesday.

    Strauss-Kahn especially emphasised the need for political support from opposition parties, saying that the country's rescue was at stake. (ANA-MPA)

    "We are here to help, we do not go somewhere uninvited," Strauss-Kahn said, noting that he was aware of how the IMF was viewed but urging Greeks not to "fight the doctor that sometimes gives us medicines we don't like".

    The prime minister, in his statements, said the effort being made by the Greek people was a feat and that this was being increasingly recognised worldwide. As a sign of this recognition, he pointed to the start of a process to extend the repayment schedule for the 110 billion euros loaned to Greece via the European crisis support mechanism, thanking the IMF chief for his position on this issue. (ANA-MPA)

    Caption: ANA-MPA photo

    More details on the subscriber's page of ANA-MPA | Subscription request form


    [02] Ski resort sector reforms

    (ANA-MPA) -- The government on Tuesday pledged for find solutions for long-standing problems covering the operation of ski resorts in the country, particularly with licencing and investment.

    Addressing a conference on recreational skiing in Greece, Deputy Culture & Tourism Minister Giorgos Nikitiadis called on all interested parties to present recommendations during an open meeting to take place soon with the participation of ski resort representatives. (ANA-MPA)

    A total of 18 ski resorts operate in Greece, offering 190 km of ski runs and 110 lifts, 30 of which are aerial, with an overall transporting capacity of roughly 70,000 people per hour. (ANA-MPA) Their average annual turnover estimated to 50 million euros.

    Caption: ANA-MPA file photo / N. ARVANITIDIS.

    More details on the subscriber's page of ANA-MPA | Subscription request form


    [03] Stocks rally on Tues.

    Stocks were on a bullish streak at the Athens Stock Exchange on Tuesday, boosted by investors' interest in bank shares, with the composite index up 2.74 pct to end at 1,533.76 points. Turnover was a moderate 109.91 million euros.

    The Big Cap index rose0.87 pct, the Mid Cap index ended 0.44 pct higher and the Small Cap index rose 2.35 pct.

    Mass media (7.04 pct), Technology (5.34 pct) and Financial Services (4.98 pct) sectors scored the biggest percentage gains of the day, while Foods & Beverages fell 2.38 pct.

    Broadly, advancers led decliners by 105 to 65 with another 51 issues unchanged.

    More details on the subscriber's page of ANA-MPA | Subscription request form

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