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Athens News Agency: News in English, 10-12-16

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

From: The Athens News Agency at <http://www.ana.gr/>


  • [01] Finmin unveils 2011 targets
  • [02] Bourse ends 0.16% higher 

  • [01] Finmin unveils 2011 targets

    Briefing Parliament's Economic Affairs Committee on the revised Memorandum, Finance Minister George Papaconstantinou on Thursday appeared confident that Greece would succeed in overcoming the crisis and unveiled a number of target actions planned for 2011.

    "In 2011 we are moving away from horizontal actions, such as wage cuts, and going toward targeted actions addressing the deficits of state companies, streamlining sections of the public sector, especially in health, and issues of tax administration and tax evasion," he said.

    He noted that the country had so far achieve both the fiscal and structural targets in the quarterly inspections, with another 178 such target actions to be met in the next quarter.

    Among such target actions in 2011, he listed the management and control of public spending and stricter implementation of the 2011 budget, the appointment in the first quarter of financial inspectors for the most important entities of general government and the tabling by April of the new three-year fiscal framework for the directions and goals of the next three years.

    Another goal was to tackle tax evasion and third to reduce the number of state organisations in order to save roughly 800 million euro through the abolition and merger of various state entities.

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


    [02] Bourse ends 0.16% higher

    The Athens Stock Exchange index ended slightly higher after a lacklustre session on Thursday, closing 0.16 percent higher at 1,487.39 points and turnover at 68.635 million euro.

    The Big Cap index rose 0.18 pct, the Mid Cap index was marginally up 0.02 pct and the Small Cap index rose 0.81 pct.

    The biggest gains during the session were posted by Commercial (+3.72 pct), Media (+1.99 pct) and Utilities (+1.23 pct) while the biggest losses were in Telecoms (-2.88 pct) and Personal and Household Goods (-0.80 pct).

    Broadly, decliners led advancers by 73 to 66 with another 64 issues remaining 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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