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

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

CONTENTS

[01] New Athens bourse president named

[02] Suspects charged with providing forged documents to illegal migrants

[03] BoG: No room for higher taxes

[04] Stocks end 1.78% down

[01] New Athens bourse president named

Lazaridis will also take over as chief executive in the group�s clearing subsidiary.

Lazaridis studied at the Economic University of Athens and majored in econometry at Queen Mary College of London.

He joined Hellenic Exchanges in 1994 and took over as executive vice-president of the Athens Stock Exchange in 2000. He headed the clearing and settlement department of the group since January 2007. (ANA-MPA)

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[02] Suspects charged with providing forged documents to illegal migrants

Police officers investigating the case arrested a Pakistani national, 23, and a Bangladeshi, 36, in the Athens district of Sepolia on Sunday.

A search in a house used by the suspects revealed 127 official rubber stamps removed allegedly taken from police stations, prefectures, customs offices, hospitals, government ministries, etc, as well as a large number of employer-issued certificates, political asylum application forms and other documents.

The suspects were led before a prosecutor on Monday while an investigation is underway for the arrest of other suspects.

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[03] BoG: No room for higher taxes

The central bank�s interim report on monetary policy, submitted to Parliament and the Cabinet, stressed that the first precondition was the adequacy and efficiency of mechanisms implementing the programme, of the public administration. It urged the government to complete its (ANA-MPA) reform programme without any deviation or delay, although it underlined the need for a radical restructuring of the state at all its levels, so that its operations encourage creative initiatives.

The second precondition was ensuring the continuity of the programme. The central bank stressed that one of the reasons for the current crisis was that similar stabilisation programs in the past failed to be completed successfully, or were abandoned during the process. (ANA-MPA)

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[04] Stocks end 1.78% down

The Big Cap index dropped 2.12 pct, the Mid Cap index eased 1.79 pct and the Small Cap index ended 1.72 pct lower. Motor Oil (1.34 pct), Viohalco (0.96 pct) and Ellatkor (0.57 pct) were top gainers among blue chip stocks, while Alpha Bank (4.93 pct), Eurobank (4.49 pct) and Piraeus Bank (3.20 pct) were among losers.

The Media (1.06 pct) and Telecommunications (0.34 pct) sectors scored gains, while Health (4.84 pct) and Chemicals (4.28 pct) suffered losses.

Broadly, decliners led advancers by 124 to 54 with another 51 issues unchanged. Compucon (14.29 pct), Daios Plastics (9.93 pct) and Euroline (9.09 pct) were top gainers, while Paperpack (18.75 pct), Eurobrokers (15.79 pct) and Vell Group (12.9 pct) were top losers.

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