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Greek Economic News in Brief

» 41 Measures against Profiteering

(GREEK NEWS AGENDA) The development ministry on Thursday unveiled a package of 41 measures aimed to combat excessive price hikes in domestic markets, in cooperation with the other responsible ministries and local authorities. Presenting the measures, Development Minister Christos Folias said the targets will be measurable, and that the aim is the operation of a “free and fair market.” The measures will be implemented gradually, he said, and added that they will include a “black list” of firms that are found to be making excessive price hikes, but also a ‘white’ list of those friendly to the consumer.

Athens News Agency: Measures against inflation

» Economic Mediterranean Forum: Wind Up

The Foreign Ministry hosted the Mediterranean Economic Forum yesterday, which is a follow-up of French President Nicolas Sarkozy’s initiative for the creation of a Mediterranean Union. The forum’s purpose is to inform the public and private sectors regarding the planned Union and strengthening business links between Mediterranean countries.

Ministry of Foreign Affairs: Speech of Dora Bakoyannis at the Mediterranean Economic Forum

» Shipping Revenues Up

Revenues from foreign exchange in the shipping sector grew by more than 18% in 2007, the Bank of Greece said on Thursday. The central bank, in its provisional report, said foreign exchange inflows totalled €16.939 billion in the 12-month period from January to December 2007, up from €14.325 billion euros in 2006. Shipping foreign exchange inflows totalled €1.551 billion euros in December 2007, up from €1.130 billion in December 2006.

Athens News Agency: Shipping fx inflows up in ‘07