Browse through our Interesting Nodes on the Balkan Peninsula Read the Convention Relating to the Regime of the Straits (24 July 1923) Read the Convention Relating to the Regime of the Straits (24 July 1923)
HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Friday, 29 March 2024
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Athens Macedonian News Agency: News in English, 16-10-03

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

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

CONTENTS

  • [01] Greek economic sentiment index up in September
  • [02] Military exercise Parmenion 2016 starts on Monday
  • [03] Clothing production down, textiles up in Jan-July

  • [01] Greek economic sentiment index up in September

    Greek economic sentiment index rose to 91.4 points in September from 90.9 in August reflecting a small improvement of business expectations in all market sectors and an increase in consumer confidence which is gradually recovering, the Foundation for Economic and Industrial Research (IOBE) said on Monday.

    IOBE said the economic sentiment index records a gradual recovery of expectations after plunging in the summer of 2015 and reflects a return to normality in the economy and the implementation of an economic adjustment program. At the same time, the fact that economic sentiment has not returned to 2014 levels reflects, partly, additional pressure -tax and other- facing both Greek households and enterprises. The Foundation noted that on a short-term view an environment of greater stability seemed to be created, related with uncertainty prevailing early in the year, while consumers seemed to have discounted -up to a point- additional burdens related with tax and pension reforms.

    More analytically, business expectations in the industrial sector showed an improvement over production estimates, while estimates over inventories remained unchanged and negative estimates over orders and demand eased slightly. In the service sector, negative estimates over current situation eased along with estimates over current demand. In the retail commerce, estimates over current sales recovered along with estimates over short-term developments and the inventories index rising. In the construction sector, negative estimates over current works eased but without a similar improvement in employment estimates.

    The consumer confidence index improved as households were less pessimistic over their finances and the country's public finances for the next 12 months. Estimates over saving intentions improved although estimates over unemployment deteriorated further.

    [02] Military exercise Parmenion 2016 starts on Monday

    The military exercise Parmenion 2016 started on Monday and will run until October 7.

    All Greek military forces as well agencies from the public sector will participate in the exercise which is planned and directed by the General Staff.

    The aim of the exercise is the practice and evaluation of the armed forces in planning and conducting operations as well as to maintain and upgrade the combat capacity along with the strengthening of cooperation and coordination among the different sectors of the armed forces and the state sector agencies during the implementation of the national plans.

    [03] Clothing production down, textiles up in Jan-July

    Clothing production fell in the January-July period this year, while textile production rose in the same period, official figures showed on Monday.

    The Hellenic Fashion Industry Association (SEPEE), in a report, said that clothing production fell 12.7 pct in the first seven months of the year, turnover eased 1.7 pct, exports fell 6.5 pct, while retail sales rose 0.6 pct and imports grew 7.6 pct. Export of clothing totaled 319 million euros in value, down from 340 million euros in the same period last year.

    The Thessaloniki-based federation said textile production grew 5.2 pct in the seven-month period, turnover was up 7.7 pct, exports grew 15.4 pct and imports rose 13.2 pct. Exports of textile products totaled 295 million euros in value up from 260 million euros in the corresponding period last year.

    In total, the value of Greek exports of clothing/textiles (including primary production of cotton) totaled 693 million euros in the January-July period, down 0.8 pct from the same period in 2015.

    SEPEE attributed this development to a general economic condition prevailing in the country and the imposition of additional tax burdens.


    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright © 1995-2023 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Monday, 3 October 2016 - 10:38:05 UTC