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Athens News Agency: Daily News Bulletin in English, 97-03-14

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

From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>

ATHENS NEWS AGENCY BULLETIN (No 1138), March 14, 1997

Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca


CONTENTS

  • [01] Kranidiotis, Vranitzky attempt Albanian mission; clashes in Tirana
  • [02] Vranitzky statement
  • [03] Reactions
  • [04] Business community
  • [05] Appeal for humanitarian aid
  • [06] Minesweeper brings aid
  • [07] Greece moves closer to Schengen Accord
  • [08] German EuroMP's report on Euro-Mediterranean co-operation ratified
  • [09] Austria's Fasslabend foresees Albanian crisis to continue in future
  • [10] D'Alema in Athens today to address discussion on center-left co-operation
  • [11] EU, NATO expansion dominate talks between G. Papandreou, Poland's Zych
  • [12] Constantopoulos tables question on electoral law
  • [13] Kranidiotis meets Scandinavian envoys on Cyprus
  • [14] Leadership race in ND intensifies
  • [15] Meeting on PASOK's communication policy held
  • [16] Evert says premier deceived voters prior to last election
  • [17] Kastanidis threatens striking OA pilots with dismissal
  • [18] Five-year EU renewable energy sources program approved
  • [19] Greece stresses need to reinforce social cohesion in EU internal market
  • [20] Gov't: Athens' absorption of CSF funds between '94-96 at 71 per cent
  • [21] Greek Eurodeputy's report on maritime shipping industry ratified
  • [22] State borrowing rates within target
  • [23] New bond issues
  • [24] Tourism SMEs eligible for public funding program
  • [25] Multinational postal meeting in Thessaloniki tomorrow
  • [26] V. Papandreou holds meeting with several major business leaders
  • [27] Simitis to address major business conference next week
  • [28] Monument to Greek Jewish victims of WWII to be unveiled
  • [29] Daylight savings time

  • [01] Kranidiotis, Vranitzky attempt Albanian mission; clashes in Tirana

    Athens, 14/03/1997 (ANA)

    Foreign Under-secretary Yiannos Kranidiotis will travel to Albania today together with OSCE special envoy Franz Vranitzky in an effort to mediate for a political solution to the neighboring country's severe crisis, as reports last night cited fighting in Tirana.

    Mr. Kranidiotis will fly to Italy first, where he will meet with Mr. Vranitzky before the two travel by helicopter to an Italian vessel anchored just outside the central Albanian port of Durres.

    It was still uncertain late last night whether they would be able to visit Tirana for talks with Albanian President Sali Berisha and political opposition members, due to transportation problems. If the two envoys are unable to visit the capital, talks may be held somewhere in southern Albania or on board the Italian ship.

    Foreign Minister Theodoros Pangalos postponed his trip to Tirana due to difficulties in securing transportation, since the Albanian capital's airport was closed until yesterday evening.

    Earlier, government spokesman Dimitris Reppas said the possibility was being discussed of Mr. Kranidiotis returning to Greece by road via southern Albania after the talks in Tirana in order to meet with the insurgents' leaders.

    In another development, following an order by the national defense minister, the Greek armed forces' Council of Chiefs of General Staff held meetings yesterday in order to plan the safe evacuation of Greek citizens from Albania, if this becomes necessary.

    According to reports following the meetings, measures have been taken to deal with any situation which may arise. The Hellenic Navy frigate "Aigaio" is sailing to Corfu, while a C-130 transport plane is on stand-by. In addition, the armed forces on the Greek-Albanian border remain on alert in order to deal with a possible wave of illegal immigrants.

    Meanwhile, an ANA dispatch from Tirana said clashes continued unabated in the Albanian capital yesterday, with gunfire being heard throughout the city.

    Government sources in Tirana have confirmed reports that the jailed leader of the Socialist Party, Fatos Nano, has escaped from the Krugia Prison, where he was being held and is now safe.

    The same sources confirmed reports that former Albanian president Ramiz Alia is also free.

    There have been conflicting reports regarding President Berisha, with some diplomats from western countries saying he has requested political asylum from the US embassy, others claiming he has fled to Italy and others stating that he has remained in Tirana but has sent his family to Italy. Mr. Berisha chaired a meeting with political parties until 5 p.m. yesterday. During the meeting it was decided to call on the WEU to impose constitutional order in the country.

    WEU

    Athens, 14/03/1997 (ANA)

    On its part, the Parliamentary Assembly of the Western European Union (WEU), which convened in Athens, said it would consider intervening in Albania, even militarily, if civil strife broke out in the neighboring country.

    "When security in the Balkans is at stake, it is inevitable that the European defense organization will be activated," WEU Parliamentary Assembly President Luis Maria de Puig and head of the Greek representation to the organization, Constantinos Vrettos told a press conference yesterday.

    They said the WEU has decided for the timely consideration of the issue of taking appropriate measures in the possibility of civil war breaking out in Albania, "especially following strong criticism regarding lack of similar preparations in the case of Bosnia."

    The form of a WEU intervention in Albania, if the country plunges into civil strife, will also be considered at a WEU Council level.

    The Athens conference, which ended its three-day sessions yesterday, also focused on the future of the organization in view of the expected enlargement of both NATO and the WEU.

    The Greek representation to the Conference raised the issue of the right to self-protection by members of the alliance against other NATO member-states.

    "NATO's enlargement will not be possible without this amendment," Mr. Vrettos said, adding that "it is self-evident that most countries will exercise veto."

    The WEU Athens conference also endorsed a resolution forbidding entry into the WEU to all countries failing to gain accession to either NATO or the European Union.

    Back in Athens, Alternate Foreign Minister George Papandreou said in a statement that Greece would not take sides in the conflict currently sweeping Albania.

    "We have not taken up a position for or against particular persons. The Albanians will decide how they will translate this process (a resolution of the crisis) into specific actions and personalities," he replied when asked to comment on Albanian insurgents' demand for President Berisha to step down.

    National Defense Minister Akis Tsohatzopoulos yesterday called on Europe to help eastern European states adapt to new conditions and urged international organizations to keep a close watch on events in Albania to avert further destabilization in the region.

    Mr. Tsohatzopoulos said the problem in Albania had arisen due to a lack of democratic institutions, as well as the country's inability to adapt on its own to conditions in Europe. A broad consensus was required so that a solution acceptable to all sides could be found as a starting point for changes necessary for the transition to democracy and a free market.

    Mr. Tsohatzopoulos expressed hope that a political solution to the crisis would be found as soon as possible with the support of the European Union and Washington.

    International organizations should also keep a close watch on developments in Albania in order to stop the unrest spreading to other parts of the region which might be having difficulty adjusting to new conditions, he added.

    Greece and the international security organizations were closely following developments, he said, due to the existence of the ethnic Greek minority, whose security, he added, Greece was prepared to ensure.

    Government spokesman Reppas reiterated that any question of Mr. Berisha's resigning was a domestic issue for Albania's political forces. If Greece's assistance were requested, it would act bearing in mind a final de-escalation of the crisis.

    He reiterated that the question of a multi-national force for Albania had not yet been discussed.

    [02] Vranitzky statement

    Vienna, 14/03/1997 (ANA - D. Dimitrakoudis)

    OSCE special envoy Vranitzky, yesterday described as "total and full" Greece's participation and contribution in the OSCE's efforts to try to work out a solution for the Albanian crisis.

    Speaking prior to his departure for Tirana, Mr. Vranitzky told ANA that he was in constant telephone contact with Mr. Simitis.

    [03] Reactions

    Athens, 14/03/1997 (ANA)

    On his part, main opposition New Democracy party leader Miltiades Evert, commenting on the Albanian crisis, called for initiatives on the part of the European Union "for the truth to be told and for President Sali Berisha to realize that he himself should help... towards de-escalating the crisis".

    Speaking after a meeting with President of the Republic Kostis Stephanopoulos, Mr. Evert declined to give an opinion as to whether he felt that Mr. Berisha should resign, saying:

    "Don't oblige me to go any further. This is an issue in which Greece cannot assume the burden alone." Expressing concern that the conflict might spread to Kosovo and the Former Yugoslav Republic of Macedonia (FYROM), Mr. Evert urged the Greek government to undertake joint action with the European Union and the US.

    On the other hand, the Communist Party of Greece (KKE) said it is categorically opposed to a multinational force being sent to Albania and, more specifically, it is opposed to Greece's participation in such a force.

    An announcement by KKE says the decision taken by Albania's political leadership to have a multinational force sent to the country to restore order is provocative.

    "If these thoughts are carried out (and the force is sent) it will constitute a crime against the people of the neighboring country, entailing dangers for more general repercussions in the region," the announcement read.

    Coalition of the Left and Progress (Synaspismos) issued a six-point action plan to deal with the crisis in Albania.

    Synaspismos' action plan included a call for a viable political solution to the crisis to be achieved through agreement between representatives of the country's political forces and representatives of the insurgents.

    The action plan also calls upon the international community to grant economic assistance to Albania and upon the Greek government to make a move in the framework of the EU or on its own.

    [04] Business community

    Athens, 14/03/1997 (ANA)

    Despite the political instability in the Balkan countries, especially in Albania, Greek business representatives said they felt optimistic that the neighboring markets will soon recover, adding that Greece should play a leading role in this direction.

    Speaking in a press conference on the occasion of the forthcoming fourth conference on business co-operation in southeastern Europe to be held on March 17-18, Nikos Efthymiadis, the president of the Federation of Northern Greece Industries (SETE) elaborated on the issue of doing business in the Balkans.

    Prime Minister Simitis is due to address the conference, which will be held with the participation of hundreds of businessmen and politicians.

    Mr. Simitis will elaborate on the axis of Greek policy in the Balkans and the Black Sea co-operation countries under current conditions in the regions.

    Mr. Pangalos will also address the same subject.

    Referring to Greek business interests in Albania, Mr. Efthymiadis called for cool-headedness, adding that Greek investors in Albania have not stated intentions to leave the country.

    [05] Appeal for humanitarian aid

    Athens, 14/03/1997 (ANA)

    In a related development, Greek representatives of the humanitarian organization Doctors of the World made an urgent appeal yesterday for food and medical aid for the people of southern Albania, referring to a tragic lack of medicines, particularly antibiotics and anesthetics.

    In a press conference yesterday, organization president Theofilos Rosenberg and his Cypriot counterpart Eleni Theoharous urged all Greeks to respond to the appeal.

    "Hunger is the worst counsel to someone with a gun in his hand," said Ms Theoharous.

    The organization indicated that incidents of human rights of abuse, such as beatings and wounded patients being chained to beds, had been witnessed.

    Doctors of the World have already sent 1.5 tons of medical aid to hospitals in Gjirokaster and Sarande, while in the middle of next week another shipment, this time of 20 tons, is to be sent accompanied by two doctors.

    They also emphasized what they called an incomprehensible delay on the part of the special European humanitarian aid bureau, the section of the Eighth General Directorate responsible for freeing funds for aid to Albania. Doctors of the World said they h ad not yet received a reply to an appeal lodged with the bureau on March 6.

    [06] Minesweeper brings aid

    Athens, 14/03/1997 (ANA)

    The Hellenic Navy minesweeper "Atalanti", carrying the government's first shipment of humanitarian aid to the people of southern Albania arrived in the port of Sarande yesterday.

    Twenty tons of foodstuffs and medical aid were handed over to insurgents' leaders Jevat Kotsiu and Arbri Kilini, in the presence of Greek Consul General in Gjirokaster Nikos Kanellos.

    Finally, a Greek reporter was hospitalized yesterday after being injured in an army base near Korce.

    The reporter, Foris Petalidis, along with a television crew from the 'Star' channel, was following a story in the army base just outside Korce when a young gunman shot at a box containing dynamite, resulting in an explosion.

    Mr. Petalidis suffered slight head and leg shrapnel injuries. He was transported by car to a hospital in Kozani, where he has been hospitalized and is out of danger.

    [07] Greece moves closer to Schengen Accord

    Athens, 14/03/1997 (ANA)

    Parliament yesterday gave a green light to Greece's participation in the European Union Schengen Accord, passing in principle a draft legislation with 132 deputies voting for and 89 against.

    Included in the bill for the agreement was a condition that the civil liberties of citizens and their right to privacy be respected and secured from electronic filing by public and private entities.

    Prime Minister Costas Simitis responded to criticism of the bill by smaller opposition parties, saying it protected the citizen, strengthened democracy and permitted transparency with regard to the input of information.

    Greece was one of the few European Union member-states that had not yet ratified the agreement.

    [08] German EuroMP's report on Euro-Mediterranean co-operation ratified

    Strasbourg, 14/03/1997 (ANA - M. Spinthourakis)

    A European Parliament plenary session has ratified a report by German Social Democrat party Eurodeputy G. Sakelariou concerning the common position of the presidency, the council and the Commission regarding Mediterranean policy after the Barcelona Conference.

    The resolution accompanying the report examines the individual sectors of Euro-Mediterranean co-operation.

    Participants in the partnership relationship between the European Union and Mediterranean countries are called on to undertake a conventional commitment to recognize and honor the territorial integrity of all their partners which must be integrated wit h an additional Euro-Mediterranean stability accord on protecting the rights of minorities.

    [09] Austria's Fasslabend foresees Albanian crisis to continue in future

    Athens, 14/03/1997 (ANA)

    Austrian Defense Minister Werner Fasslabend, on a two-day visit to Thessaloniki, expressed his belief yesterday that the Albanian crisis will continue over the next few years.

    Speaking to reporters after his visit to the Thessaloniki Archaeological Museum, Mr. Fasslabend stressed the need for the crisis to be contained within Albania's borders.

    Questioned on whether there is a danger of the crisis spreading to the former Yugoslavia, the Austrian minister said there is some danger in the proximity of the two and in that many residents in the former Yugoslavia are of Albanian descent.

    During his stay in Thessaloniki, Mr. Fasslabend met with his Greek counterpart, Akis Tsohatzopoulos, and visited facilities of the Greek Vehicle Industry (ELVO).

    Mr. Fasslabend returned to Vienna yesterday afternoon.

    [10] D'Alema in Athens today to address discussion on center-left co-operation

    Athens, 14/03/1997 (ANA)

    Prime Minister Costas Simitis, the president of Italy's Democratic Party of the Left, Massimo D'Alema and Coalition of the Left and Progress (Synaspismos) leader Nikos Constantopoulos tonight will attend a discussion entitled "the Left Before the Challenges of Tomorrow's Europe".

    Mr. D'Alema is expected to refer to the Italian experience in the formation of the center-left coalition in Italy, now in power.

    Center-left co-operation has been the subject of much discussion in Greece in the past, but in practical terms it is considered to be still at an embryonic stage. For this reason, discussion is expected to be in the context of a theoretical and ideological search rather than of a promotion of practical steps towards the creation of a similar scheme in Greece.

    [11] EU, NATO expansion dominate talks between G. Papandreou, Poland's Zych

    Athens, 14/03/1997 (ANA)

    Expansion of the European Union and NATO were the subject of a meeting yesterday between Alternate Foreign Minister George Papandreou and visiting Polish Parliament Speaker Josef Zych.

    Commenting on the European security system, Mr. Papandreou said Greece did not want to create new dividing lines on the continent of Europe, saying Athens' goal was to find a way to ensure the security of Poland and other central European states as well as "good co-operation with Russia". Asked whether Poland's accession to the EU would mean an economic sacrifice for Greece, the Greek minister replied that the economic repercussions of an expanded EU affected all 15 member-states, while the question of resources was a major issue in negotiations.

    With regard to security of the EU, Mr. Papandreou said Greece supported the wholly European institution of the Western European Union (WEU), which "is a link with NATO".

    Athens wanted close contacts with Warsaw on the main issues related to EU accession, such as agricultural and transport policy, he added.

    [12] Constantopoulos tables question on electoral law

    Athens, 14/03/1997 (ANA)

    Coalition of the Left and Progress (Synaspismos) leader Nikos Constantopoulos has tabled a question in Parliament on a possible change in the country's electoral law in the wake of a recent statement by the Under-secretary to the Prime Minister's Office George Paschalidis.

    "It is commonly acknowledged that the electoral system played a decisive role in shaping the political framework since the transition to democracy, that the present law has met with strong criticism and dispute from all sides and, lastly, that democratic order necessitates settlements related to the electoral system being taken at the beginning of the Parliamentary period," Mr. Constantopoulos said in his question.

    He called on the premier to specify whether the government intends to reconsider the present electoral law, if he plans to propose the proportional representation electoral system or any other electoral system which will be more proportional than the present one, and if the government will pursue a wide political dialogue between parties before any relative legislative initiative take place.

    [13] Kranidiotis meets Scandinavian envoys on Cyprus

    Athens, 14/03/1997 (ANA)

    Foreign Under-secretary Yiannos Kranidiotis met the special envoys on Cyprus of Finland, Kalevi Sorsa, and Sweden, Mr. Falkman, on Wednesday and yesterday, respectively, with their talks focusing on recent developments and prospects for resolving the Cyprus problem.

    [14] Leadership race in ND intensifies

    Athens, 14/03/1997 (ANA)

    The four leadership candidates for the main opposition New Democracy party top post are apparently turning their attention to attracting undecided party members.

    The election of a new party president is to take place during ND's congress at the end of the month.

    Parliamentary Group Secretary G. Panayiotopoulos, who supports deputy Costas Karamanlis, implied that the current party president, Miltiades Evert, should withdraw his candidacy, saying "Mr. Evert is an asset to New Democracy and must see in which way this asset can be safeguarded."

    Former ND minister Stephanos Manos criticized Mr. Evert, Mr. Karamanlis and the third candidate, Vyron Polydoras, for their position against a set term being established for party president, stressing that "ND has no need of a sultan leader, but of more democracy and team spirit. Some of the candidates seem to be jealous of the privilege of the pope or of the archbishop. I hope the congress members will impose the party's democratization."

    The congress organizing committee, which convened yesterday, decided to use the electronic voting system for the election of the central committee, which will be held on the third day of the party congress.

    The election for a new party leader will be conducted "in the traditional way" with 24 ballot boxes. The organizing committee has also decided to meet the expenses of congress members traveling from the countryside, depending on their method of transportation.

    [15] Meeting on PASOK's communication policy held

    Athens, 14/03/1997 (ANA)

    Prime Minister Costas Simitis yesterday presided over a meeting in the ruling PASOK party's headquarters in order to discuss the party's and government's communication policy.

    PASOK secretary Costas Skandalidis said the two-hour meeting discussed the implementation of the central committee's decisions regarding communication strategy, such as the party's newspaper, and issues relating to the structure PASOK must have during its reorganization in order for it to obtain a broader ideological and political character.

    A decision was taken for a five-member communication board to meet every Monday.

    The meeting was also attended by Environment, Town Planning and Public Works Minister Costas Laliotis, Press Minister Dimitris Reppas, Alternate Foreign Minsiter George Papandreou, Under-secretary to the Prime Minister George Paschalidis, the head of the premier's press office George Pantagias and the secretary of the communication sector, Nassos Alevras.

    [16] Evert says premier deceived voters prior to last election

    Athens, 14/03/1997 (ANA)

    Main opposition New Democracy party leader Miltiades Evert yesterday described Prime Minister Costas Simitis as "a man with a particularly serious hearing problem, whose ears are not receptive to what happens in society and among the people".

    Reacting to the prime minister's televised interview on two private television channels and the state-run network (ET-1) on Wednesday night, Mr. Evert charged that "Mr. Simitis admitted he deceived the Greek people before the elections and usurped their vote".

    "What remains is for Mr. Simitis to realize that his party has proved incapable of governing... Demagogues are revealed through their works and cause the indignation of those deceived," he added.

    Political Spring party leader Antonis Samaras described the interview as "a stifling lecture," stressing that the prime minister had the responsibility and obligation to secure calm and social consensus for the country.

    On his part, government spokesman Dimitris Reppas expressed satisfaction over the premier's interview, saying it had helped in making many issues of government policy understood. He added that this policy had begun bearing fruit, and its results would be more visible in the near future.

    [17] Kastanidis threatens striking OA pilots with dismissal

    Athens, 14/03/1997 (ANA)

    Olympic Airways pilots on a work-to-rule strike were threatened with dismissal yesterday by Transport and Communications Minister Haris Kastanidis.

    Since the strike began four days ago, two to three flights per day have had to be canceled for lack of crews.

    Greece is currently awaiting the outcome of a European Commission report on reforms for the state-run air carrier.

    "No one will be allowed to abort the reform plan. This applies all the more to groups with an agenda of their own," said Mr. Kastanidis, adding that pilots who caused problems for the airline would be suspended immediately and called before the dismissal council. Pilots are refusing to sign the new collective labor agreement, saying they want a salary increase of 12 per cent. They were awarded a 7 per cent increase on Dec. 31, 1996, while over the whole of last year they received a total increase o f 36 per cent.

    [18] Five-year EU renewable energy sources program approved

    Athens, 14/03/1997 (ANA)

    The European Commission has ratified a proposal on the implementation of a five-year program which will promote renewable energy sources in the European Union, following a relevant proposal made by the relevant EU commissioner Christos Papoutsis.

    Funding amounting to ECU 30 million is being proposed for the first two years of this program's operation, which is entitled ALTENER II.

    The implementation of the program, expected to start in 1998, is primarily aimed at creating a necessary legal framework to encourage private and public investments to produce and use energy from renewable sources.

    [19] Greece stresses need to reinforce social cohesion in EU internal market

    Brussels, 14/03/1997 (ANA - P. Pandelis)

    National Economy Under-secretary Alekos Baltas, speaking yesterday during the Domestic Market Council of Ministers, stressed the need to reinforce economic and social cohesion in the EU's internal market.

    Mr. Baltas referred to the effective implementation and completion of the internal market and stressed the necessity for additional measures to be promoted.

    He added that EU legislation must be effectively implemented on national levels and that it must be completed in sectors where delays have been reported, such as commercial law regarding value added tax.

    Mr. Baltas also stressed the need for the reinforcement of social and regional policy to ensure the convergence of economic performances and the cohesion of the European Union.

    During talks with eastern and central European countries, held within the Council's framework, Mr. Baltas stressed that agreements between these countries and the EU must be a "useful tool" for their convergence, adding that Greece can help in the harmonization of legislative, administrative and technical structures in these countries.

    The under-secretary also informed the Council of a two-day event to be held in Athens in May regarding the free movement of capital and financial services. The event will be organized by the national economy ministry and the technical aid office for central and eastern European countries.

    [20] Gov't: Athens' absorption of CSF funds between '94-96 at 71 per cent

    Athens, 14/03/1997 (ANA)

    The second Community Support Framework has entered a phase of full development, and will be followed by a third, National Economy Under-secretary Christos Pachtas said yesterday, adding that the issue will be finalized after the end of the EU Intergovernmental Conference.

    He reported that the total amount of CSF funds spent in 1996 was 725 billion drachmas, and that the annual average absorption of funds committed for the 1994-96 period was 71 per cent, ranking Greece fourth among the 11 beneficiary countries. Greece ranks third among the 11 countries in terms of the implementation of commitments to the Community budget, with 107 per cent, Mr. Pachtas added.

    [21] Greek Eurodeputy's report on maritime shipping industry ratified

    Strasbourg, 14/03/1997 (ANA - M. Spinthourakis)

    A Europarliament plenary session yesterday ratified a report by PASOK Eurodeputy Georgios Katiforis concerning shaping the future of Europe's shipping industry.

    The resolution accompanying the report stresses that the maritime shipping industry in Europe and the European-flagged fleet have decreased in size over the past 20 years in relation to other regions in the world. The decrease in the shipbuilding and ship repairs activities and the production of equipment amounted to 82.5 per cent between 1985 and 1994. Economic and strategic reasons necessitate a reversal of this decrease. The resolution further stresses that strengthening the competitiveness of mariti me shipping industries does not conflict with the interests of other sectors but, on the contrary, promotes them.

    Strengthening competitiveness means tackling the reasons for the decrease in industrial productivity.

    [22] State borrowing rates within target

    Athens, 14/03/1997 (ANA)

    A decrease in state interest rates, related to a de-escalation of the budget, will also lead to a decrease in the budget's expenditures for 1997.

    Finance Under-secretary Nikos Christodoulakis said yesterday that the average interest rate with which the state receives loans has been restricted to 10.4 per cent, which is the annual target set from the first quarter of the year.

    Mr. Christodoulakis said that benefits stemming from the expected further decrease in interest rates will become visible as of September.

    He further said the target concerning the deficit will not be revised but, apart from the decrease in expenditures, an increase in revenues anticipated by the budget will also be pursued.

    [23] New bond issues

    Athens, 14/03/1997 (ANA)

    The finance ministry is now floating three new state bonds. The first bond has a stable interest rate and a duration of five and seven years. Tendering for this issue will start on March 19.

    Index-linked bonds of a long duration (five or seven years) will be circulated in April. Their value will be adjusted in accordance with the course of inflation. Lastly, the third case concerns bonds with a foreign exchange clause which will be floated in US dollars or yen.

    [24] Tourism SMEs eligible for public funding program

    Athens, 14/03/1997 (ANA)

    Small- and medium-size enterprises active in the tourism sector are eligible for support through five special programs announced by the development ministry within the framework of the European Union business program "Tourism-Culture."

    The purpose of the program is to improve the quality of tourist services, decrease the seasonal nature of Greek tourism and strengthen the competitiveness of local tourist enterprises.

    Proposals to be submitted for funding must not exceed 25 million drachmas for individual enterprises and 50 million drachmas for companies. The subsidization percentage is 50 per cent and the duration of the project must not exceed one year.

    [25] Multinational postal meeting in Thessaloniki tomorrow

    Athens, 14/03/1997 (ANA)

    Representatives of postal services of southeast European countries (Albania, Bulgaria, Greece, Romania, Cyprus, Moldova, Yugoslavia, and FYROM) will meet in Thessaloniki tomorrow to discuss ways of co-operation with a view to forming a central organization .

    A one-day conference on the postal services (ELTA) and their modernization program is also scheduled tomorrow, to be attended by the general director of the World Postal Union, Thomas Livi, and the representative of the European Commission's Third Directorate Johann Ritbroek.

    [26] V. Papandreou holds meeting with several major business leaders

    Athens, 14/03/1997 (ANA)

    Development Minister Vasso Papandreou yesterday held the third in a series of meetings with prominent Greek businessmen, in the framework of the government's promotion of a more aggressive policy of economic co-operation with Balkan and east European countries in the fields of energy and industry.

    The group of businessmen who attended included Vardis Vardinoyiannis, Socrates Kokkalis, Dimitris Kopelouzos, and members of the board of the Public Power Corp. (DEH) and the Public Petroleum Co. (DEP).

    [27] Simitis to address major business conference next week

    Athens, 14/03/1997 (ANA)

    Prime Minister Costas Simitis and Foreign Minister Theodoros Pangalos are to speak at the fourth annual conference on business co-operation in southeastern Europe in Thessaloniki on Tuesday, to be attended by hundreds of entrepreneurs and political figures from countries in the region.

    Addresses are expected with considerable interest, given the current climate of political upheaval in Greece's northern neighbors.

    The conference, which opens on Monday, is organized by the Federation of Northern Greek Industries, Macedonia-Thrace Bank, and the Greek-American Chamber.

    Subjects to be discussed include promotion of a new business environment in the region, creation of mechanisms for support of foreign investment in the Balkan countries, their integration in the European Union, etc.

    In addition, businessmen from Turkey and the Former Yugoslav Republic of Macedonia (FYROM) are to attend the conference for the first time.

    Scheduled speakers include US President Bill Clinton's national security adviser Richard Sifter, US ambassador to Greece Thomas Niles, Cypriot Foreign Minister Alecos Michaelides, National Economy Minister Yiannos Papantoniou, and others.

    [28] Monument to Greek Jewish victims of WWII to be unveiled

    Athens, 14/03/1997 (ANA)

    The foreign ministry in association with the World Council of Hellenes Abroad (SAE) and the World Hellenic Parliamentary Commission will honor in Thessaloniki on June 29 the Greek Jews who died during World War II.

    At a press conference attended by Alternate Foreign Minister George Papandreou and SAE President Andrew Athens in Thessaloniki yesterday, it was stressed that "our society must remember where Nazism led us, and our youth must know the history of their country".

    Events will include the unveiling of a monument for the wartime Jewish victims and a concert by composer Mikis Theodorakis. Delegations of Jewish communities worldwide are expected to attend.

    An event entitled "Jewish life in Greece" will be held on the same day.

    [29] Daylight savings time

    Athens, 14/03/1997 (ANA)

    Daylight savings time will come into force on Sunday, March 30 in line with European Union regulations, Transport Minister Haris Kastanidis announced yesterday. At 3 a.m. on that day, clocks should be turned forward to read 4 a.m. The measure will be in force until Oct. 26.

    End of English language section.


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