El­lak­tor sub­sidiaries land projects in Sofia

Kathimerini English - - Front Page -

Athens-listed con­struc­tion firm El­lak­tor an­nounced late on Fri­day that the con­sor­tium of Ak­tor and Ilek­tor – both El­lak­tor sub­sidiaries – has signed a con­tract for the study, con­struc­tion, op­er­a­tion and main­te­nance of an in­te­grated sys­tem of refuse man­age­ment in­stal­la­tions for the City of Sofia, in Bul­garia, and the con­struc­tion of a unit for the or­ganic pro­cess­ing of refuse and the pro­duc­tion of refuse-de­rived fuel (RDF), fol­low­ing a ten­der by the mu­nic­i­pal au­thor­i­ties of the Bul­gar­ian cap­i­tal. The project’s bud­get is es­ti­mated at about 90 mil­lion eu­ros, not in­clud­ing value-added tax, and is sub-

The Athens Ex­change is re­open­ing to­day af­ter yes­ter­day’s Epiphany hol­i­day, with its gen­eral in­dex start­ing at 1,205.51 points. The price de­cline in most in­ter­na­tional mar­kets yes­ter­day may weigh heav­ily on the lo­cal bourse to­day.

Cyprus ex­pe­ri­enced de­fla­tion in 2013 for the first time in 49 years ac­cord­ing to the coun­try’s sta­tis­ti­cal ser­vice. The con­sumer price in­dex in the cri­sis-bat­tered Repub­lic of Cyprus suf­fered a 0.4 per­cent yearly de­cline last year, fol­low­ing a de­cline of 2.3 per­cent in De­cem­ber on an an­nual rate. In Novem­ber prices had shrunk by 2.1 per­cent and in De­cem­ber 2012 prices had grown by 1.1 per­cent. The sta­tis­ti­cal agency noted on Fri­day that the phe­nom­e­non of de­fla­tion in De­cem­ber 2013 was mostly due to the re­duc­tion in elec­tric­ity rates, on air ticket prices and in the cost of pota­toes and cer­tain types of cloth­ing. How­ever, some cat­e­gories of fresh veg­eta­bles saw prices rise last month.

The Turk­ish na­tional cur­rency has fallen to a new low in a sign that the gov­ern­ment cor­rup­tion scan­dal is tak­ing its toll on the econ­omy. Prime Min­is­ter Re­cep Tayyip Er­do­gan was forced to reshuf­fle his gov­ern­ment af­ter three min­is­ters’ sons were among dozens of peo­ple de­tained in a vast po­lice cor­rup­tion and bribery in­ves­ti­ga­tion last month. The head of a state-owned bank was also ar­rested. Er­do­gan’s gov­ern­ment has re­jected the cor­rup­tion al­le­ga­tions, point­ing fin­gers in­stead at an al­leged con­spir­acy to hurt his gov­ern­ment ahead of lo­cal elec­tions in March. But the po­lit­i­cal in­sta­bil­ity is un­nerv­ing in­vestors. The Turk­ish lira reached a record 2.19 against the US dol­lar and 2.97 against the euro on Mon­day. It has slid more than 7 per­cent against the dol­lar since the scan­dal first broke out on De­cem­ber 17.

si­dized by the Euro­pean Union’s Co­he­sion Fund. Its con­struc­tion is es­ti­mated to take 19 months.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.