Athens News Agency: Daily News Bulletin in English, 97-05-30
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No 1199), May 30, 1997
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] Greece urges even further enlargement of NATO
[02] Gov't presents bill for central bank autonomy
[03] Burns confident of new impetus in Cyprus problem
[04] Tension between Athens, Ankara 'psychological', Turkish general
reportedly says
[05] European socialists to meet in Sweden
[06] Commission report cites need for transitional period for Greek
telecoms sector
[07] Tsohatzopoulos meets with Serapheim
[08] ND leader Karamanlis visits Mystra
[09] Greek-Turkish relations
[10] Political party funding announced
[11] Political Spring holds first congress
[12] Kranidiotis in Bulgaria today
[13] Visit to Commission headquarters
[14] V. Papandreou briefs Constantopoulos on DEH issues
[15] KKE bill on proportional representation rejected
[16] Coroner's report on Peratikos murder completed, investigations
continue
[17] Condemnation
[18] Investigation continues
[19] IAAF's Nebiolo confident 'Athens '97' will be a success
[20] Agreement to abolish double taxation initialed by Athens,
Belgrade
[21] NZ minister received by ag under-secretary
[22] Eurocourt to consider excessive tax on used cars
[23] 180-drachma dividend for OTE shares announced
[24] Papantoniou urges price restraint
[25] Bank of Greece supports drachma
[26] Athens bourse falls on profit-taking
[27] EIB to issue more bond loans in drachmas
[28] Airports prepare for summer tourist season
[29] Balkan interest in Philoxenia trade fair
[30] Greek-Bulgarian co-operation on new customs post
[31] Simitis, Church discuss taxation
[32] Eurocourt rules against Greece on two cases involving Jehovah's
Witnesses
[33] OTE to process certificate orders
[34] Kaklamanis receives Scout officials
[35] Explosion damages Greek ship in eastern Sri Lanka
[36] Milosevic will not try for Serbian president again - wife
[01] Greece urges even further enlargement of NATO
Lisbon, 30/05/1997 (ANA - I. Vergitsis)
Foreign Minister Theodoros Pangalos called yesterday for an even
larger NATO expansion that is currently being proposed, citing
Bulgaria and Slovakia as potential candidates.
Mr. Pangalos, who was speaking on the sidelines of the NATO
alliance's foreign ministers conference in Lisbon, explained why
Greece wants an even further enlargement of NATO.
"We have stressed that there are two countries which would be
difficult to stay outside enlargement. Slovakia is one, and
Bulgaria is the other which must be supported now that a serious
effort has been undertaken to restructure its economy and it
appears that the possibility exists, as was shown in the
elections, for Bulgaria's democratic structures to function and
allow for a smooth changeover in power," he said.
Mr. Pangalos also said that the NATO alliance was faced with a
problem in organizing its defense structure.
"A problem exists concerning the organization of defense
structure," he said, adding, "we support the proposals tabled
which concern in particular the southern flank of the alliance.
We side with the proposal together with all the other countries,
apart from Turkey, which has some particular view. We will
insist, as the other countries will as well, on imposing the
view of the majority."
Commenting on earlier statements by US State Department
spokesman Nicholas Burns, Mr. Pangalos said Greece had
repeatedly tried to have the Cyprus issue internationalized with
the largest possible involvement of international factors and,
of course, the US is one of them. He said that if the US
approached the issue on the basis of UN resolutions and pursued
their implementation, because the Cyprus problem lay there, this
would be a very positive development.
"We do not want others to resolve our problems. We want to
resolve these issues, which have appeared in our relations with
Turkey, provided that both countries agree to abandon every
threat of war and force and accept the internationally valid
legal framework and process for resolving differences, which
cannot be resolved with discussions between them, namely,
resorting to third factors to resolve differences, such as the
International Court at The Hague," he added.
During the Sintra conference, Mr. Pangalos held private talks
with Ms Albright and met with US State Department official
Cavanaugh and former US assistant secretary of state Holbrooke.
He also met with Turkish Foreign Under-secretary Onur Oymen.
Mr. Pangalos said Mr. Oymen told him what he had said in Athens
and which he had not grown weary of repeating.
[02] Gov't presents bill for central bank autonomy
Athens, 30/05/1997 (ANA)
National Economy and Finance Minister Yiannos Papantoniou
yesterday released the details of a bill that will grant
Greece's central bank autonomous status.
Under the terms of the bill, a five-member monetary policy
council will be created including the Bank of Greece's governor
and its two deputy governors.
The three officials will have a six-year term of office.
[03] Burns confident of new impetus in Cyprus problem
Lisbon, 30/05/1997 (ANA)
US State Department spokesman Nicholas Burns expressed the view
in Portugal yesterday that Turkey will overcome its problems and
fresh impetus will be given for a settlement of the Cyprus
problem.
Mr. Burns, who will most probably assume the post of US
ambassador to Greece in the summer, was speaking to the ANA
following a press conference on the issue of NATO enlargement.
"Turkey is an important ally of the USA and NATO. We are not
worried about developments (tension between the military and
Erbakan government) and believe that these problems will soon be
overcome, which in any case is Turkey's own domestic affair.
Turkey is a stable company and remains faithful to its secular
democratic tradition," Mr. Burns said.
Replying to questions on Greek-Turkish differences in the Aegean
and the Cyprus problem, Mr. Burns said:
"The Aegean is a region of great importance for both Greece and
Turkey. The USA appreciates the efforts being made by Greece's
premier, Costas Simitis, and the Turkish government and we
regard both countries as our good friends."
Asked whether Washington linked the Cyprus problem with
Greek-Turkish differences, Mr. Burns said the USA did not
considered the two issues to be related and expressed the
conviction that a solution to the Cyprus problem would soon be
found.
"Fresh impetus will be given to the Cyprus issue in 1997 and our
government, in the framework of efforts being made at the UN and
elsewhere, intends to intervene dynamically and contribute to a
solution with its initiative.
"Secretary of State Madeleine Albright personally has a great
interest in the Cyprus issue and appreciates the efforts being
made by the Cyprus government and the Turkish Cypriot community.
We firmly support direct dialogue," Mr. Burns said.
[04] Tension between Athens, Ankara 'psychological', Turkish general
reportedly says
Istanbul, 30/05/1997 (ANA)
The head of the Turkish general staff's section of Greek-Turkish
relations, Gen. Mustafa Ozbey, believes that "the escalating
tension between the two countries is altogether psychological
and that the crisis must not be used for internal consumption,"
the "Sabah" newspaper quoted him as saying in a briefing last
month. "Against all scenarios of war, the Turkish army is
resolved to maintain to the end a peaceful stand in relations
with Greece," the paper also quoted the general as saying .
Meanwhile, a second Carnegie Foundation forum on Turkey, Greece
and the US, which took place here on May 27 and 28, found
encouraging trends in relations between the two countries, and
that dangerous situations prevailing in October last year, when
the first forum was held in Washington, have now receded.
A communiqui issued at the end of proceedings mentioned, in
particular, the establishment of a bilateral experts' committee,
while meetings between Greek and Turkish businessmen are clear
indications of improvement.
The communiqui added that the Foundation will continue its
efforts to constitute a creative catalyst of initiatives
originating in the private sector.
The forum was attended, among others, by former Greek foreign
ministers Karolos Papoulias and Mihalis Papaconstantinou, former
Turkish foreign minister Emre Gonensay and Hikmet Cetin, former
US ambassador to Turkey M. Abramowitz and former US Senator John
Brademas.
[05] European socialists to meet in Sweden
Brussels, 30/05/1997 (ANA - M. Savva)
All socialist prime ministers of European Union member-states
will meet at the third conference of the European Socialist
Party (ESP) scheduled for June 5-7 in Malmg, Sweden, and
entitled "Europe: Our Responsibility".
Prime Minister Costas Simitis will address the conference on the
topic of "Europe in a Peaceful World", while contributions are
also expected from NATO Secretary-General Javier Solana,
Austrian Parliament President Heinz Fischler, Petre Roman from
the Romanian Democratic Party and Vassos Lyssarides of the
Cypriot EDEK Socialist Party.
National Defense Minister Akis Tsohatzopoulos, who is one of
ESP's vice-presidents, will speak on the topic of "A new model
of development".
[06] Commission report cites need for transitional period for Greek
telecoms sector
Brussels, 30/05/1997 (ANA - P. Pantelis)
A European Commission report presented yesterday has accepted
that certain member-states, such as Greece and Spain, have still
not completed development of their telecommunications networks.
The report also indicated that both countries will soon be given
transitional periods for such development.
Transport and Communications Minister Haris Kastanidis last
April agreed with EU Commissioner Karl van Miert on certain
arrangements for the harmonization of Greek legislation
regarding the deregulation of the telecommunications sector, and
particularly for enactment of presidential decrees with regard
to directives for satellite communications as of August 1, 1997;
mobile telecommunication until the end of 1997 and cable
television within a year.
It was also agreed that Mr. van Miert would examine as soon as
possible a Greek request for "an adequate transitional period"
regarding deregulation.
The EU Commission has already agreed to an extension of a
deadline for deregulation of telecommunications in Ireland,
Portugal and Luxembourg.
[07] Tsohatzopoulos meets with Serapheim
Athens, 30/05/1997 (ANA)
National Defense Minister Akis Tsohatzopoulos met yesterday with
Archbishop Serapheim of Athens and All Greece for talks on
relations between the Church and the armed forces.
One of the subjects of discussion was the Church's contribution
to the National Defense Fund to be set up shortly.
Mr. Tsohatzopoulos announced the establishment of the fund on
Wednesday, saying its purpose would be to support the massive
armaments program of the armed forces which will cost an
estimated four trillion drachmas.
Greek citizens will be invited to make contributions to the fund
in order to bolster the country's defense.
[08] ND leader Karamanlis visits Mystra
Athens, 30/05/1997 (ANA)
Main opposition New Democracy leader Costas Karamanlis visited
the Byzantine ruins of Mystra, outside Sparta, yesterday to
attend the "Paleologia '97" events.
He attended memorial services in Mystra Cathedral and at the
monument of the last Byzantine Emperor Constantine Paleologos,
who died on the walls of Constantinople as it fell to the Turks
on May 29, 1453.
Mr. Karamanlis called for respect for traditions and history,
which should unite rather than divide Greeks, or lead to
fanaticism.
Later in the day, Mr. Karamanlis visited the prefecture of Argos.
[09] Greek-Turkish relations
Athens, 30/05/1997 (ANA)
ND deputy president Ioannis Varvitsiotis accompanied Mr.
Karamanlis on his visit and referred to the issue of
Greek-Turkish relations at a later function marking the events.
Mr. Varvitsiotis said he feared the government had embarked on
"a slippery road".
"In essence, negotiations (between Greece and Turkey) have begun
on two levels - on the technical level with the experts
(committees) and on the political level with the frequent
contracts of political leaders of the two countries," he said.
"I fear that the dialogue that has begun, has begun without the
Turks accepting the three conditions - respect for international
treaties and agreements, respect of our sovereign rights and the
avoidance of the use of force. I fear that these conditions have
not been accepted by Turkey and this is why we continue to have
provocative behavior from Turkey, with proof positive the
(weekend's) statements by (Turkish President Suleyman) Demirel
as well as those of Turkish foreign under-secretary Mr. Oymen".
[10] Political party funding announced
Athens, 30/05/1997 (ANA)
The six largest political parties are to receive funds totaling
10.35 billion drachmas, according to a decision signed on May 22
by Interior Minister Alekos Papadopoulos.
Of this amount, 9.5 billion drachmas comprises regular funding,
while 796.9 million are provided as financial aid for research
and education purposes.
PASOK - 3,797,901,423 drachmas
New Democracy (ND) - 3,508,758,695 drachmas
Communist Party of Greece (KKE) - 719,580,841 drachmas
Coalition of the Left and Progress - 678,097,977 drachmas
Democratic Social Movement (DHKKI) - 619,581,978 drachmas
Political Spring - 239,075,001 drachmas.
For educational and research purposes, PASOK will be granted
316.5 million drachmas; ND 292.4 million drachmas; KKE 59.9
million drachmas; the Coalition of the Left and Progress 56.5
million drachmas; DHKKI 51.6 million and Political Spring 19.9
million drachmas.
[11] Political Spring holds first congress
Athens, 30/05/1997 (ANA)
The Political Spring party's first congress since its foundation
in 1993 opens today at Athens' Olympic Stadium with the
participation of around 1,800 delegates.
Party leader Antonis Samaras, who is to give the opening address
this morning, has reiterated that the party is to remain
autonomous, despite rumors that it might merge with the main
opposition New Democracy party, particularly after its election
defeat last year, when it lost all its ten parliamentary seats.
[12] Kranidiotis in Bulgaria today
Sofia, 30/05/1997 (ANA - N. Hios)
Main opposition New Democracy party leader Costas Karamanlis
will visit Sofia today at the invitation of the Union of
Democratic Forces.
Mr. Karamanlis will attend a luncheon given in his honor by
Prime Minister and UDF leader Ivan Kostov. In addition, he will
meet with Parliament President Iordan Sokolov and Defense
Minister Georgi Ananiev.
He will also meet UDF cadres and the president of the party's
Parliamentary group, Ekaterina Mihailova, as well as the
Bulgarian parliament's foreign policy committee.
[13] Visit to Commission headquarters
Brussels, 30/05/1997 (ANA - G. Daratos)
In a related development, Mr. Karamanlis will pay an official
visit to the European Union's institutional bodies in Brussels
next week.
Mr. Karamanlis will attend the session of the European Peoples
Party's (EPP) parliamentary group on June 5 and on the same day
he will meet French Education Minister Francois Bayrou.
A private meeting is also scheduled on the same day with
European Commission President Jacques Santer.
The next day Mr. Karamanlis will meet EU Commissioner Marcelino
Oreja, who is responsible for institutional affairs, culture,
media and the Commission's relations with the European
Parliament. He will be accompanied by European Parliament
Vice-President George Anastasopoulos.
On the same day, Mr. Karamanlis will visit EU Commissioner Mario
Monti, responsible for the internal market, financial services,
customs and taxation while accompanied by the president of his
party's parliamentary group at the European Parliament,
Efthymios Christodoulou, and afterwards EU Agriculture
Commissioner Franz Fischler, accompanied by ND Eurodeputy George
Dimitrakopoulos.
EPP President Wilfried Martens will give a luncheon in Mr.
Karamanlis' honor on June 6.
[14] V. Papandreou briefs Constantopoulos on DEH issues
Athens, 30/05/1997 (ANA)
Development Minister Vasso Papandreou visited Coalition of the
Left and Progress (Synaspismos) leader Nikos Constantopoulos in
Parliament yesterday and briefed him on the way the Public Power
Corp. (DEH) operated in light of EU deregulation in the electric
power market. After the 30-minute talks, Ms Papandreou said she
briefed Mr. Constantopoulos on the issue of opening the domestic
power market and the need for the country to proceed with
adjusting DEH to the new conditions with a bill to be ratified
by the end of the year.
Ms Papandreou also briefed Mr. Constantopoulos on the issue of a
DEH plant in Florina and on how the utility reached this
proposal. She said relevant data is at the disposal of all the
parties for their information.
On his part, Mr. Constantopoulos referred in general to the
issue of major project contracts and procurements in crucial
sectors.
[15] KKE bill on proportional representation rejected
Athens, 30/05/1997 (ANA)
Parliament yesterday rejected a draft law submitted by the
Communist Party of Greece (KKE) for the establishment of a
proportional representation electoral law. The proposal was also
backed by the Coalition of the Left and Progress and the
Democratic Social Movement (DHKKI).
Interior, Public Administration and Decentralization
Under-secretary Lambros Papadimas said the government rejects
the draft law proposed by KKE because it is not preoccupied with
an amendment in the electoral law for the time being. He said
the issue of the electoral law will be discussed in the
framework of revising the Constitution and did not rule out the
possibility of a permanent settlement of the electoral law by
the Constitution.
Two PASOK deputies, Parliament Vice-President Panayiotis
Kritikos and George Katsimbardis, expressed support for the
proportional representation electoral system.
KKE Parliamentary representative Dimitris Kostopoulos said
reinforced and majority electoral systems did not prevent
dictatorships, while past and present electoral systems were
used for sharing power among the ruling classes. The main
opposition New Democracy party stressed that stable governments
necessitate a reinforced proportional system which suits the
country.
[16] Coroner's report on Peratikos murder completed, investigations
continue
Athens, 30/05/1997 (ANA)
A coroner's report yesterday on the fatal shooting of shipowner
Costas Peratikos on Wednesday in Piraeus showed that he was hit
by four bullets - two each in the chest and pelvis.
Peratikos was ambushed by three armed gunmen, believed by police
to be members of the November 17 terrorist group, who shot him
as he walked from his office in central Piraeus to a nearby
garage. Police found .45 caliber shells at the scene of the
attack.
The November 17 group used a .45 caliber pistol in 11 of its
previous attacks, according to reports.
Piraeus coroner Demosthenis Boukis has handed over to the police
counter-terrorist unit two bullets which he removed from
Peratikos' body. Two of the shots passed through his body.
[17] Condemnation
Athens, 30/05/1997 (ANA)
The government and opposition parties yesterday condemned and
expressed their abhorrence at the murder of Peratikos.
"We are determined, using all means, to safeguard the smooth
operation of democracy in the country," government spokesman
Dimitris Reppas said.
Main opposition New Democracy (ND) party spokesman Aris
Spiliotopoulos stressed the need for terrorism to be fought in
Greece "with determination, seriousness and methodically".
The Communist Party of Greece (KKE) condemned the murder, whi-le
at the same time attributing responsibility to the governments
of PASOK and ND for "the continuing existence of the phenomenon
of terrorism".
"For 22 years, terrorists have operated with great ease (in
Greece), while PASOK and ND merely express their abhorrence,"
KKE said, charging that "foreign secret services act with
impunity in our country and their interconnection with the
domestic security services is well known."
[18] Investigation continues
Athens, 30/05/1997 (ANA)
Meanwhile, police continued their investigation into the murder
without any solid leads.
For the moment, they are concentrating their efforts on the
depositions of 20 eyewitnesses to the attack, five of whom
literally came face-to-face with the assassins. According to
police sources, however, the sketches of the suspects made on
the basis of the descriptions given by the witnesses differ from
"identikit" pictures made up in the past following similar
attacks.
The same sources said the police were concerned that the shadowy
organization November 17 may have recruited new, relatively
younger members.
Identification of the suspects will also be made difficult by
the fact that they were wearing disguises, as evidenced by the
false mustache, wig and a pair of sunglasses found in the
vehicle abandoned by the killers.
November 17 had warned on several occasions that they were
targeting people such as Peratikos.
In a statement claiming responsibility for the unsuccessful
rocket attack on prominent businessman Vardis Vardinoyiannis,
the organization warned that shipowners and other businessmen
wishing to acquire ailing enterprises without paying off the
companies' accumulated debts would be punished. The late
shipowner's funeral will be held on Saturday at 12 noon at the
First Cemetery of Athens.
[19] IAAF's Nebiolo confident 'Athens '97' will be a success
Athens, 30/05/1997 (ANA)
International Amateur Athletics Federation (IAAF) President
Primo Nebiolo said yesterday he was certain that Athens would
have no problems in organizing this year's World Athletics
Championships to be held August 1-10.
Mr. Nebiolo arrived in Athens yesterday to chair a three-day
IAAF council meeting which ends on Saturday. During his stay, he
will also have the opportunity to be briefed on preparations for
the "Athens '97" world championships - the major international
athletic event this year.
"Greece has a tradition of organizing major events with
excellence. I am certain that this year will be no different,"
Mr. Nebiolo said.
Mr. Nebiolo was met at Athens international airport by Sports
Under-secretary Andreas Fouras, who assured the IAAF chief that
"Athens '97" would be a success.
[20] Agreement to abolish double taxation initialed by Athens,
Belgrade
Belgrade, 30/05/1997 (ANA - M. Mouratidis)
Representatives of the Federal Republic of Yugoslavia's finance
minister and the Greek finance ministry initialed an agreement
here on Wednesday concerning the avoidance of double taxation.
An announcement by the federal press secretariat said the
agreement will contribute to developing economic co-operation
between the Federal Republic of Yugoslavia and Greece because it
settles an important issue concerning the double taxation of
private persons and legal entities of the two countries. The
agreement also secures common criteria for determining the right
to tax certain categories of income and property.
The agreement, as well as the agreement on encouraging
investments, already initialed, are expected to be signed soon,
possibly during the upcoming visit to Greece by Federal Prime
Minister Radoje Kontic in June.
[21] NZ minister received by ag under-secretary
Athens, 30/05/1997 (ANA)
The International Trade and Forestry Minister of New Zealand,
Lockwood Smith, focused his visit to Greece on measures adopted
by Greece to adjust its agriculture sector to new competition
and free market conditions over the next decade.
Mr. Smith met Agriculture Under-secretary Vassilis Geranidis,
who referred to structural problems in Greek agriculture, such
as modernization and economic incentives for young farmers.
The two officials also exchanged information on the situation
prevailing in the stockbreeding sector.
[22] Eurocourt to consider excessive tax on used cars
Brussels, 30/05/1997 (ANA - G. Daratos)
The European Court's hearing in Luxembourg against Greece for
excessive taxation of imported used cars from other European
Union member-states was concluded yesterday.
The European Commission accuses Greece of violating Article 95
of the Treaty for taxing imported second-hand cars from EU
countries more strictly than second-hand cars in Greece.
The article rules that no member-state can impose, either
directly or indirectly, internal taxes of whatever nature on the
products of other member-states above those which burden, either
directly or indirectly, similar national products and which
taxes lead indirectly to the protection of other products.
According to reports, the general prosecutor will publicize his
proposals at the end of June and the European Court is expected
to issue its final decision on the case in about mid-October.
[23] 180-drachma dividend for OTE shares announced
Athens, 30/05/1997 (ANA)
The Hellenic Telecommunications Organizations (OTE) will pay out
a 180-drachma dividend per share or 76 billion drachmas in
total, the organization's general assembly decided yesterday.
Profits for 1996 amounted to 250 billion drachmas, compared to
203.7 billion in 1995, and turnover shot up from 593 to 679.5
billion.
According to managing director P. Lambrou, OTE's investments
until the year 2000 are expected to reach 1.2 trillion, while
turnover for that year is forecast at 1.5 trillion. The
organization has invested 35 billion in a mobile
telecommunications subsidiary, which is expected to start
experimental operation in Thessaloniki in August, and cover 60
per cent of the population by December.
Digitalization of telephone exchange centers has reached 43 per
cent, while the number of applications for new telephones fell
from 132,000 in 1995 to 78,000 last year. Investment in fixed
capital reached 178 billion, and will reach 242 billion this yea
r.
Meanwhile, the density of telephones has reached 51 per 100
inhabitants.
Operating costs stood at 66.8 per cent of revenues, while fixed
assets are covered by own and long-term capital by 89 per cent.
The circulating liquidity ratio stood at 105.2 per cent, and
that of debt liability at 31.5 per cent. Own capital amounts to
56.7 per cent of total, while the profitability of own capital
after tax was 22.9 per cent.
[24] Papantoniou urges price restraint
Athens, 30/05/1997 (ANA)
Greek National Economy and Finance Minister Yiannos Papantoniou
welcomed moves to restrain prices by domestic manufacturers and
importers as an aid to curbing inflation.
Businesses had disciplined their finances knowing that the
socialist government and the central bank, both in agreement on
foreign exchange policy, would neither devalue the drachma nor
allow it to slide, Mr. Papantoniou told a news conference.
Replying to a question, Mr. Papantoniou said a further drop in
consumer price inflation and lower deficits could, in the
future, lead to a reduction in tax on cigarettes and alcohol.
[25] Bank of Greece supports drachma
Athens, 30/05/1997 (ANA)
The Greek drachma remained under pressure for the third
consecutive day in the domestic money market with foreign
currency outflows totaling 825 million US dollars on Thursday as
the Bank of Greece intervened to support the ECU/drachma rate.
Outflows in the drachma's three-day fall were estimated at 1.5
billion dollars.
According to market sources, the drachma's slide was not linked
to developments in the Greek economy but reflected negative
developments abroad after the German central bank rejected a
plan to revalue gold reserves in order to cover a huge budget
gap this year.
The tension could undermine the creation of European Economic
and Monetary Union, analysts said. Also, political worries in
France ahead of the second round of general elections and
currency turmoil in Thailand and the Czech Republic had
contributed to the negative impact on the Greek currency.
[26] Athens bourse falls on profit-taking
Athens, 30/05/1997 (ANA)
Stock prices came under heavy selling pressure to lose
substantial ground on the Athens Stock Exchange as traders
preferred to liquidate many of their gains from the previous day.
The general index closed 1.92 percent lower at 1,682.88 points
with most sector indices losing ground. The parallel market's
index lost 1.78 percent. Banks fell 2.73 percent, Leasing was
2.23 percent down, Investment eased 2.15 percent, Industrials
dropped 1.85 percent, Construction declined 1.86 percent,
Holding was 0.58 percent off, Miscellaneous plunged 3.76
percent; but Insurance bucked the trend to end 0.46 percent up.
Trading was heavy and turnover was 29.6 billion drachmas.
Broadly, declining issues led advancing ones by 168 to 57 with
another 26 issues unchanged.
Riopesca, Piraeus Leasing and Agrinio Metalplastic scored the
biggest gains, while Chalyps Cement and Viokarpet suffered the
heaviest losses of the day.
National Bank of Greece ended at 38,000 drachmas, Ergobank at
20,000, Alpha Credit Bank at 21,300, OTE at 6,900 and Titan
Cement at 29,000 drachmas.
[27] EIB to issue more bond loans in drachmas
Athens, 30/05/1997 (ANA)
The European Investment Bank (EIB) signed a two-year lending
program with the Hellenic Investment Bank for Industrial
Development (ETEBA) for a drachma bond issue worth 200 billion
drachmas.
According to the agreement, signed by EIB's Vice-President
Panayiotis Yennimatas and ETEBA's managing director Dimitris
Pavlakis, EIB will issue debt paper including floating rate
notes, fixed interest issues and zero coupon bonds, providing
investors with a variety of options.
ETEBA, Hellenic Industrial Development Bank (ETBA), HSBC
Midland, Eurobank, Bayerische Vereinsbank, National Bank of
Greece, ABN-AMRO, Alpha Credit Bank, Barclays and Citibank will
act as intermediaries in the offerings.
The framework agreement provides EIB with an improved legal
status for future drachma bond issues by simplifying procedures
and helping to integrate the Greek capital market into the
European financial sector. Speaking after the signing, EIB's
Vice-President said that Greek interest rates would continue to
fall, a development necessitating the provision of new
medium-term quality, risk-free solutions for investors.
Mr. Yennimatas stressed that EIB was not competing with the
Greek state and that funds raised would be used to finance
medium-term productive investments in the country.
EIB has already issued four Marathon bond issues in drachmas
maturing in March 1999 and 2000, totaling 85 billion drachmas.
[28] Airports prepare for summer tourist season
Athens, 30/05/1997 (ANA)
Renovations at nine main airports in Greece, including Athens
and Thessaloniki, will be completed in time for this year's
tourist season, Transport Minister Haris Kastanidis said.
At a regular press briefing, Mr. Kastanidis said 52 billion
drachmas had been allocated for improvements at the airports of
Corfu, Ikaria, Iraklion, Kos, Mykonos, Paros and Rhodes.
Certain projects had already been completed and opened to the
public, such as an extension of the waiting area for Rhodes and
Corfu and a new runway for Mykonos. Athens and Thessaloniki
airports were allocated 3.49 billion drachmas and 3.2 billion
drachmas, respectively.
[29] Balkan interest in Philoxenia trade fair
Athens, 30/05/1997 (ANA)
Greece will invite firms from Balkan countries to take part in
its international Philoxenia tourism trade fair as part of a
plan to widen the scope of the annual event, a state tourism
official said on Thursday. The trade fair, due to be held by
state-run Helexo on November 6-9 at its exhibition center in
Thessaloniki, last year attracted 308 exhibitors representing 22
countries, and 12,604 visitors.
Tourism industry officials and local government representatives
from around the country met to discuss the 1997 trade fair,
whose publicity will be undertaken by the Greek National Tourism
Organization (EOT).
"The time has come for Philoxenia to look outwards and become a
kind of stock market for tourism, particularly for the Balkans,
central and eastern Europe, the southeast Mediterranean and
former Soviet countries," Nikos Skoulas, EOT's secretary
general, told the meeting.
Special efforts would be made to attract representatives from
state and local bodies in Balkan countries, taking advantage of
Thessaloniki's status this year as cultural capital of Europe,
speakers at the meeting said.
The next stage in EOT's plan to enlarge the trade fair is to
target participation by firms and countries in western Europe,
Mr. Skoulas said.
In 1995 Philoxenia became a member of the European Union of
International Tourism Trade Fairs, which is due to hold an
exhibition in Thessaloniki on June 12-13.
[30] Greek-Bulgarian co-operation on new customs post
Athens, 30/05/1997 (ANA)
A joint Greek-Bulgarian committee of political agencies and
experts met in Nevrokopi near the northern town of Drama to
discuss the progress of infrastructure projects under the
timetable set for the operation of a new border customs office
at Exohi by the end of 1998.
Kyril Karaivanov, head of Sofia's prefecture who lead the
Bulgarian delegation, said that the Bulgarian government
supported the policy of opening a new border customs office in
Exohi to link the two countries by road.
Technical supervisors of the projects from both countries
reiterated that planning was at an advanced stage and the
Bulgarian side would be ready to start work in a month's time.
The European Investment Bank has undertaken a study of financing
for the project by the Bulgarian side through the PHARE program.
The Greek delegation said that works on the project were set to
begin next month.
[31] Simitis, Church discuss taxation
Athens, 30/05/1997 (ANA)
Prime Minister Costas Simitis chaired a meeting of cabinet
ministers and the Holy Synod Committee to discuss the issue of
taxation of the Church's assets.
The Greek Orthodox Church has reacted strongly to the
government's plans and asked for the bill to be withdrawn.
The chairman of the Holy Synod Committee, Metropolitan Titos of
Paramythia, told reporters after the meeting that the prime
minister acknowledged the Church's positions and agreed that
further taxation of the Church's assets would be a heavy burden
to its operations.
The meeting, also attended by Education Minister Gerassimos
Arsenis and Minister to the Prime Minister's office George
Paschalidis, also discussed the issue of new identity cards. The
Church and the public are worried of the dangers inherent in new
electronic filing of citizens' personal data.
[32] Eurocourt rules against Greece on two cases involving Jehovah's
Witnesses
Strasbourg, 30/05/1997 (ANA/AFP)
The European Court of Human Rights has condemned Greece for two
court cases concerning Greek members of Brooklyn-based religious
sect Jehovah's Witnesses, who claimed to have suffered
discrimination.
In the first case, Greece was ordered to pay compensation of
17.5 million drachmas to two religious functionaries of the
sect, founded in Pennsylvania during the last century, who
served prison sentences for more than a year before being freed
without compensation. They had been imprisoned for refusing to
do mandatory military service
In a second similar case of a sect functionary refusing to
enlist, who reportedly fell victim to contradictory
administrative decisions, the court ordered only a payment of
750,000 drachmas for trial costs.
Greek legislation recognizes Jehovah's Witness as a "known
religion", which gives its religious functionaries or "clerics"
the right of exemption from military service. This however, is
disputed by some military authorities.
[33] OTE to process certificate orders
Athens, 30/05/1997 (ANA)
In an attempt to do away with endless queues at municipal
offices, the interior ministry is introducing the practice of
telephone applications for birth, marriage and death
certificates. Public Administration Under-secretary Tassos
Mantelis has asked local government organizations to participate
in the new system.
A special telephone service at the Hellenic Telecommunications
Organization (OTE) will forward applications to the relevant
municipal authorities via computer, fax, telex, telegram or
telephone, according to facilities available at the particular
municipality, which will reply to the applicant by registered
post, the cost of which is to be paid on delivery.
[34] Kaklamanis receives Scout officials
Athens, 30/05/1997 (ANA)
Parliament President Apostolos Kaklamanis yesterday received the
administrative board of the Greek Scouts Organization, headed by
president Ioannis Tzen.
A number of parliamentarians were present at the meeting, which
decided on the establishment of a Greek Scout-Parliament Union
which would represent the country at the second general assembly
of the World Scout-Parliamentary Assembly in Manila August 17-22.
[35] Explosion damages Greek ship in eastern Sri Lanka
Colombo, 30/05/1997 (Reuter/ANA)
An underwater explosion on Thursday damaged the engine room of a
Greek-flagged ship carrying wheat to the eastern Sri Lankan port
of Trincomalee, naval and security officials said.
They said the explosion occurred when the "Athena" with a cargo
of 52,000 tons of Argentine wheat was anchored in the outer
harbor at Trincomalee, 240 km (150 miles) northeast of the
capital Colombo. It was not immediately known what caused the
blast, but navy divers were investigating, a navy spokesman in
Colombo told Reuters.
"There was an underwater explosion and the ship's engine room
has been flooded," the spokesman said. No one was hurt and the
cargo was intact, he said. "Repairs are being carried out right
now. It should be able to move again by this evening or by
tomorrow morning at the latest," he said.
In Athens, the merchant marine ministry's operations room
identified the vessel as the 34,638 DWT "Athena" belonging to
Piraeus-based Natalca Shipping, saying that the 28 seamen - 13
Greek and 15 foreign nationals - and the wife of the captain
were all safe.
The explosion caused a general black-out on the ship, a
representative said.
Trincomalee is a key naval base where separatist Liberation
Tigers of Tamil Eelam (LTTE) rebels sank two navy boats in April
1995, ending their last round of peace talks with the government.
On Wednesday, the navy intercepted a flotilla of rebel boats in
waters north of Trincomalee, destroying seven boats and killing
up to 50 rebels.
The rebel boats were believed to be taking reinforcements to try
to stall an army offensive into the LTTE's northern Wanni
stronghold launched two weeks ago, military officials said.
In August last year, the rebels blasted a Philippine-registered
cargo ship with an underwater device, while it was loading
mineral sand from a port 37 miles (60 km) north of Trincomalee.
Some Sri Lankan crew members were wounded. The defense ministry
said troops on Thursday were consolidating their positions in
areas captured in a two-pronged thrust into the Wanni.
"Identified enemy locations are being engaged with artillery and
mortars," a ministry statement said.
Troops have faced fierce resistance from the rebels, who are
fighting for an independent homeland for minority Tamils in the
mainly Sinhalese Indian Ocean island's north and east.
Two army divisions, comprising some 20,000 troops, launched
"Operation Jaya Sikuru", or "Sure of Victory", from Vavuniya 220
km (135 miles) north of Colombo, on May 13 in a bid to open a
supply route to the Jaffna peninsula, 100 km (60 miles) further
north.
The rebels' clandestine Voice of Tigers radio said on Thursday
that most of the Wanni's civilian population had been displaced
by the offensive and were on the run.
It said at least 19 people, fleeing by boat, were killed when it
capsized off Nachchikudah along the northwestern coast on
Wednesday. Five men escaped and swam ashore, the radio said.
Military officials said 13 bodies had been recovered.
The government says more than 50,000 people have been killed in
the civil war, now in its 14th year. The rebels say the toll is
higher.
[36] Milosevic will not try for Serbian president again - wife
Athens, 30/05/1997 (ANA)
Serb President Slobodan Milosevic will not run for the
presidency for a third time, according to statements by his
wife, Mirjana Markovic, at a press conference in Thessaloniki
yesterday.
Asked by reporters however whether he would be a candidate for
the presidency of the Federal Republic of Yugoslavia, that is,
Serbia and Montenegro, Ms Markovic replied that it was "too
early to talk about this".
Ms Markovic, the founder and leader of the New Left party which
participates in the coalition government, is in Thessaloniki on
a one-day private visit at the invitation of Kalamaria Mayor
Thrasyvoulos Lazaridis.
Replying to reporters' questions, Ms Markovic said her country
was going through a period of reform which was progressing
smoothly.
She added that democratization had progressed to a high degree
in the economy and culture of Serbia and described relations
between the various ethnic minorities in the new Yugoslavia as
"harmonic".
"You won't find these kind of relations in many countries," she
said.
Asked about relations between ethnic Albanians and Serbs in
Kosovo, Ms Markovic said that Belgrade's policy was one of
equality before the law, while stressing that Kosovo was part of
Serbia "and we shall not allow extremist elements to work
towards secession".
Although Ms Markovic's visit was of a private nature, she
arrived in Thessaloniki on the presidential aircraft accompanied
by Serbia's press and information minister and visited
Macedonia-Thrace Minister Philippos Petsalnikos and Prefect
Costas Papadopoulos.
End of English language section.
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