Briefing the parliamentary economic affairs committee on state revenue for 1997, Mr. Drys said that implementation of the budget would produce no major deviations. Revenue had risen by 11.8 percent in the first five months of the year compared with the corresponding period in 1996 to reach 3.2 trillion drachmas, Mr. Drys said. Predicting the course of budget revenue for the rest of the year, Mr. Drys said that monies from income tax, new state securities and privatisation would rise. National Bank of Greece to lure foreign investors National Bank of Greece will launch an advertising campaign abroad to lure foreign institutional investors into the domestic market following an upgrade for its custodian services unit, senior bank officials said. Inaugurating new premises for the unit, the officials said the bank already managed shares and debt paper for 1,600 Greek and foreign funds, representing capital of 1.5 trillion drachmas.
Consultancy is part of the package.
Part of the upgrade for the u nit, opened by Governor Theodoros Karadzas, is an advanced technology computer system. National Bank's competitors for Athens-based custodian services are Citibank and Barclays. Balkan ministers agree on regional trade centre Balkan ministers meeting in Thessaloniki yesterday agreed to create a regional centre based in Turkey to promote trade. The Athens Stock Exchange staged a technical recovery on Tuesday after a four-session fall in prices which pushed the market below support at 1,600 points. Most sector indices scored gains.