Only one in five Greek firms run by a woman
Just one in five Greek companies has a woman at the helm, according to data from research company ICAP concerning 4,670 firms out of the 22,500 which issued a 2012 financial report. However, that 21 percent does represent a rise from the 19 percent share recorded in 2011, pointing to a slow increase in the presence of female execu- tives on company boards. Still, the majority of firms run by women are small or medium-sized and only 9 percent of the major companies (with at least 250 employees and an annual turnover of 50 million euros or more) have female directors. Furthermore, 81 percent of the women who do head companies also have a stake in their firms, showing that the number of female chief executives is considerably smaller.
The Coca-Cola Hellenic Bottling Company is moving ahead with investments totaling some 11 million euros in its domestic units, as well as to a restructuring of its production. With these moves, Coca-Cola HBC is seeking to illustrate that it plans to stay in Greece and to adjust production to changes in the market resulting from the financial crisis.
Greece sold 1.625 billion euros of three-month treasury bills yesterday to roll over a maturing issue, the Public Debt Management Agency (PDMA) said. The T-bills were priced to yield 3.75 percent, down from 3.90 percent in a December auction. The sale’s bid-cover ratio was 2.05, up from 1.92 in the previous sale. The amount raised included 375 million euros in non-competitive bids. The settlement date for yesterday’s auction will be this Friday.
Annual consumer price inflation in Bulgaria came in at -1.6 percent in December, a 14-year low and the fifth consecutive month of deflation in the European Union’s poorest member state, official data showed yesterday. Using the EU harmonized index (HICP), the European Central Bank’s inflation yardstick, Bulgaria registered 12-month deflation of 0.9 percent in December. On a monthly basis, consumer prices edged up by 0.3 percent in December. For 2012 as a whole, prices rose by 3 percent.