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Athens News Agency: News in English, 00-10-26

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

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

CONTENTS

  • [01] UEFA Cup-OFI-Draw
  • [02] UEFA-AEK-Win
  • [03] �����������-�������������
  • [04] Foreign Exchange Rates-Friday
  • [05] Weather Forecast-Friday
  • [06] ASE-construction sector
  • [07] Greece-Tunisia-economic relations
  • [08] ASE-close
  • [09] Greece-drachma-foreign exchange
  • [10] Boutaris-share capital increase
  • [11] Telesis Bank-share buy-back

  • [01] UEFA Cup-OFI-Draw

    26/10/2000 23:15:46

    OFI Crete drew 2-2 at home with Slavia Prague in an UEFA Cup second round first leg match played on Thursday night.

    Slavia Prague went ahead with Netsas in the 30th minute, with Kolitsidakis making it 1-1 for the Greek club in the 42nd minute.

    The second half saw Slavia Prague again going into the lead with a goal by Rada in the 68th minute. Mauro made it 2-2 for OFI in the 77th minute.

    [02] UEFA-AEK-Win

    26/10/2000 22:07:19

    AEK Athens beat Herfoelge of Denmark 5-0 in an UEFA Cup second round first leg soccer match played in Athens on Thursday night. Four goals were scored by Demis Nikolaidis and one by Akis Zikos.

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    26/10/2000 22:00:12

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    [04] Foreign Exchange Rates-Friday

    26/10/2000 19:03:04

    Indicative rates released by the central bank for the next working day.

    Friday's rates (buying)

    Euro 336.814

    U.S. dollar 406.541

    German mark 172.210

    French franc 051.347

    Pound sterling 578.554

    Irish punt 427.665

    Belgian franc 008.349

    Luxembourg franc 008.349

    Dutch guilder 152.839

    Italian lira (100) 017.395

    Austrian schilling 024.478

    Danish kroner 045.249

    Swedish kroner 039.656

    Finnish mark 056.648

    Spanish peseta 002.025

    Portuguese escudo 001.680

    Japanese yen (100) 376.008

    Swiss franc 223.071

    Norwegian kroner 042.470

    Cyprus pound 588.911

    Canadian dollar 267.979

    Australian dollar 209.777

    [05] Weather Forecast-Friday

    26/10/2000 18:56:12

    The day will start cloudy on Friday, turning rainy or stormy in the west and south later in the day. Winds variable, light to strong. In the north, temperatures will range from 4C to 22C; on the rest of the mainland and the Ionian from 7C to 24C; and in the Aegean islands from 11C to 21C. Mostly clear in Athens, with temperatures between 11C and 23C. Same in Thessaloniki with temperatures from 8C to 21C.

    [06] ASE-construction sector

    26/10/2000 16:44:06

    Greek listed construction companies's prospects were positive despite recent sharp falls, a survey by the Federation of Listed Companies showed on Thursday.

    According to the report, listed construction companies are expected to increase their turnover to record-levels in 2000, with an annual increase of at least 30 percent from 1999, while pre-tax profits are expected to rise by at least 18 percent from the previous year.

    The sector's combined turnover rose 39.2 percent in the first six months of the year, from the corresponding period in 1999, while pre-tax profits rose 23.5 percent over the same period. Combined equity capital rose 111 percent to one trillion drachmas, the report said.

    Construction companies were recording annual rates of operations of 39 percent this year, along with high rates of liquidity, credibility and creditworthiness, and the sector's P/E is currently at very low levels.

    [07] Greece-Tunisia-economic relations

    26/10/2000 16:36:11

    Tunisia seeks closer economic ties with Greece. That was the message delivered by a delegation of Tunisian businessmen to their Greek counterparts at a special event held at the Federation of Greek Industries' (SEB) offices in Athens, on Thursday.

    Tunisian businessmen urged Greek businessmen to invest in their country taking advantage of a stable economic environment and a free access deal agreed with the European Union in 1995.

    Tunisian ambassador in Greece, Mr. Ali Hachani, said that his country's economic performance was offering new directions in a drive towards closer bilateral relations.

    "Tunisia has shown stable economic growth in recent years, with GDP growth rates at an annual 6.0 percent, and is one of the most deregulated economies in the Northern Africa and the Middle East regions," SEB's chairman N.Antonakopoulos said on Thursday.

    Greek-Tunisian trade totalled 38.4 million US dollars in 1999, with Tunisia showing a trade deficit.

    [08] ASE-close

    26/10/2000 16:05:03

    Equity prices ended mixed to higher in subdued trade on the Athens Stock Exchange on Thursday, with smaller capitalisation stocks suffering heavy losses while blue chip stocks remained in demand.

    Traders said the Greek bourse was steadily becoming a two-tier market.

    The general index ended 0.63 percent higher at 3,772.72 points, with turnover a low 57.116 billion drachmas.

    The FTSE/ASE 20 index for blue chip and heavy traded stocks ended 1.07 percent higher at 2,199.77 points, and the FTSE/ASE 40 index fell 1.52 percent to 429.87 points.

    The parallel market index for smaller capitalisation stocks ended 3.16 percent lower at 404.26 points.

    [09] Greece-drachma-foreign exchange

    26/10/2000 15:00:48

    The Greek drachma fell to new record-lows against the US dollar on Thursday following the euro currency's fall to record lows against the dollar for a second consecutive day in international foreign exchange markets.

    The US currency's rate rose to 409.820 drachmas per dollar at Thursday's fixing, up from 408.190 drachmas the previous day.

    The drachma was also lower against the euro at 339.530 drachmas per euro, from 339.480 at Wednesday's fixing.

    [10] Boutaris-share capital increase

    26/10/2000 14:50:27

    Boutaris & Son Holding SA, a listed Greek vinter company, announced it had successfully completed a share capital increase plan, worth 8,210,400,000 drachmas.

    A company statement said that funds raised totalled 11.2 billion drachmas following completion of share capital increase plans, worth 3.0 billion drachmas, in its subsidiaries.

    The new capital will be used to implement a financial restructuring of the group and to fund new investment programmes.

    [11] Telesis Bank-share buy-back

    26/10/2000 14:42:00

    A Telesis Investment Bank's extraordinary general shareholders' meeting on Tuesday approved a share buy-back and a bond issue plan in a moved aimed to support its shares in the market and to seek opportunities in the foreign and the domestic money market.

    The share buy-back plan envisages buying up to 10 percent of its equity capital at a maximum price of 10,000 drachmas per share in the next 18 months.


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