Athens News Agency: Daily News Bulletin in English, 97-07-15
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No 1237), July 15, 1997
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] Stephanopoulos, PASOK EB briefed on Madrid communiqui
[02] Gov't spokesman
[03] Security Council urges Cypriot sides to continue peace process
[04] UN envoy briefs the press on Troutbeck round
[05] President Clerides briefs Holbrooke
[06] Skandalidis clarifies 'whip' statement
[07] Constantopoulos calls for convening of political leaders council
[08] Greek assistance to Bosnia the focus of meeting with US officials
[09] Greek-Egyptian law enforcement accord
[10] Karamanlis briefed on Athens' bid for 2004 Olympics
[11] IOC members
[12] Gov't responds to question over Athens 2004 committee's
expenditures
[13] Kastanidis eyes 'labor peace' during IAAF Championships
[14] Greek tourist dies in road accident in Turkey
[15] Gov't pushes for more rapid decentralization
[16] ND leader visits ESHEA
[17] Greek-Turkish peace event in Pergamus
[18] Operational Program for Industry the focus of meeting
[19] Inquiry ordered over pharmacists' strike
[20] Conference on northern Greece-Romanian business ties
[21] Poor regions protected in EU expansion plans
[22] Greek retail sales volume up 2.5 pct in April
[23] Greek stocks edge past 1,600 points
[24] Dollar posts record high against drachma
[25] Laliotis stresses that Egnatia Highway will finish by 2000
[26] Restriction on trucks' circulation over summer weekends
[01] Stephanopoulos, PASOK EB briefed on Madrid communiqui
Athens, 15/07/1997 (ANA)
Prime Minister Costas Simitis yesterday briefed President of the
Republic Kostis Stephanopoulos on the Madrid communiqui, issued
jointly by Greece and Turkey last week.
Mr. Simitis later in the day chaired a meeting of the Executive
Bureau of the ruling PASOK party, which focused on Greek-Turkish
relations as well as on other political developments.
The Madrid communiqui to improve relations between Greece and
Turkey was issued between the two NATO allies on the sidelines
of an alliance summit in Madrid.
Speaking to reporters after his meeting with the Greek
president, Mr. Simitis said their talks covered the details and
prospects of the communiqui.
Mr. Simitis also briefed Mr. Stephanopoulos on the results of
the NATO summit.
Meanwhile, PASOK Secretary Costas Skandalidis said after the
Executive Bureau meeting that in his address, the premier
referred to all issues, namely, modernization of the economy and
society, Greek-Turkish relations, employment, Economic and
Monetary Union, modernization of the state, transparency and
other issues. He added that he briefed Executive Bureau members
in detail on the latest developments concerning Greek-Turkish
relations.
Mr. Skandalidis said the discussion will be concluded at a new
meeting on July 28 and that after the summer holidays final
decisions will be taken on the party's winter strategy.
On the question of the "22" party deputies, he said the issue
was not discussed and said that a discussion on the Madrid
communiqui had preceded at a Cabinet meeting where, as he said,
a clear and unanimous decision had been taken.
Mr. Skandalidis said every Executive Bureau member expressed his
views freely, adding that there were no reservations in general
over the handling, but only individual objections.
He reminded that the party's central committee will convene in
Nafplion on Friday and Saturday where apart from a discussion on
state reform (the "Kapodistrias" program on local government
mergers) PASOK's overall strategy on municipal elections will
also be discussed.
In addition, Executive Bureau members turning up to the meeting
commented on a statement by Mr. Skandalidis in the newspaper
"Kyriakatiki Eleftherotypia" that "the prime minister must take
up the whip."
Executive Bureau member Manolis Daskalakis said that whips are
for other places, while Labor Under-secretary Christos
Protopapas said that national issues are not suitable for
confrontations.
[02] Gov't spokesman
Athens, 15/07/1997 (ANA)
The government, meanwhile, said the Madrid communiqui was merely
a declaration of principles, while its effectiveness depended on
future action by the two countries.
Mr. Reppas said the communiqui was not an agreement but a joint
statement "bearing the meaning of a non-agression pact."
Stressing that the text's effectiveness depended on future
action by the two countries, Mr. Reppas expressed hope that
Turkey "will contribute to the formulation of a climate of
security and stability in the region."
In Athens, the communiqui was unanimously endorsed by the
Cabinet last week, but also prompted criticism by 22 ruling
PASOK deputies.
The "22" reacted strongly to the communiqui, saying Greece was
gradually slipping into choices that result in recognition of
Turkish claims.
Speaking before the Executive Bureau meeting, Mr. Reppas
repeated that party criticism of actions in Greek-Turkish
relations could create problems for the government. He also
emphasized the fact that the government considered its policy on
the issue beneficial for the nation.
"The orientation of the country's foreign policy has not
changed," he noted, while expressing hope that the Madrid
communiqui would lead to a "re-orientation of Turkish foreign
policy."
[03] Security Council urges Cypriot sides to continue peace process
New York, 15/07/1997 (ANA-M. Georgiadou/CNA)
The UN Security Council (SC) has called on the Greek and Turkish
Cypriot sides to continue with negotiations until the protracted
Cyprus problem is solved and has reiterated its support to these
efforts.
In a statement to the press yesterday, SC president Peter Osvald
of Sweden welcomed the completion of the first round of UN-led
direct negotiations and asked the two sides to be constructive.
Diego Cordovez, the UN Secretary General's special advisor on
the Cyprus problem who led the talks, briefed earlier yesterday
the SC members on the outcome of the first round of the four-day
negotiations between President Glafcos Clerides and Turkish
Cypriot leader Rauf Denktash, held at Troutbeck, near New York,
between July 9 and 12.
In his statement after being briefed by Mr. Cordovez, Mr. Osvald
said "the Council is very pleased to learn that these talks were
held in a positive and constructive atmosphere."
"Security Council members urge the leaders of the two
communities to uphold a sustained process of direct negotiations
until the instruments that will constitute a comprehensive
settlement of the Cyprus issue have been concluded," he added.
The statement also noted the SC members "urge the two parties to
respond constructively to the suggestions made by the secretary
general's special advisor on Cyprus, so that further progress
can be made in the next round of talks."
It concluded that "Security Council members reaffirm their
active, firm and full support to the efforts of the secretary
general for a continued and sustained process of negotiations."
A second round of negotiations is scheduled to take place near
Geneva, Switzerland, between August 11 and 16.
[04] UN envoy briefs the press on Troutbeck round
United Nations, (ANA - M.Georgiadou)
Following the conclusion of the first round of talks, Mr.
Cordovez told the press that the leaders of both sides were
cordial and expressed good will, despite the thorny problems
that remain unsolved.
Mr. Cordovez said that Mr. Clerides and Mr. Denktash had
frequent private meetings, meals, and took walks in the forest
around Troutbeck. He quoted as an indication of the friendly
atmosphere that for the first time in three years they agreed on
their own initiative to meet in Nicosia before the next round of
talks in Geneva, to discuss human rights issues.
The UN secretary general's envoy expressed the hope that the
change in the system and process of the talks, which was adopted
for Troutbeck, would be continued in future rounds and help
towards finding a solution. He supported this hope by the fact
that the two leaders were not asked to give a final reply on any
issue, as in the past.
Instead, Mr. Cordovez said, the two leaders were expected to
study the UN proposals, discuss them with their own people and
come to the next round of talks with specific stances.
In this way, he explained, the outcome of various rounds will be
accumulative, and the talks will not be starting from scratch
every time, as in the past.
In her statements to the press, Swedish Foreign Minister Lena
Hjelm-Walleen also agreed with Mr. Cordovez on the importance of
the talks and the friendly climate between the two leaders.
Ms Hjelm-Walleen is involved in the negotiations, and along with
Mr. Holbrooke has met with both leaders.
[05] President Clerides briefs Holbrooke
New York, 15/07/1997 (ANA-M. Georgiadou/CNA)
President Glafcos Clerides yesterday briefed US presidential
envoy for Cyprus Richard Holbrooke on the outcome of the first
round of UN-led negotiations for a solution to the protracted
Cyprus problem.
Mr. Holbrooke met President Clerides over an hour-long working
breakfast, in New York, and was scheduled to meet later
yesterday with Turkish Cypriot leader, Rauf Denktash.
The US envoy refrained from making substantive statements, but
said they had a "very good conversation," during which the
president "gave me his views on the talks at Troutbeck".
To the question of when he sees the US coming into talks, Mr.
Holbrooke replied there is "no decision on that " and gave the
same answer with regard to his visit on the island.
The Cyprus talks between President Clerides and Mr. Denktash
took place at the rural retreat of Troutbeck, near New York,
between July 9 and 12. A second round is expected to take place
near Geneva from August 11 to 16.
Speaking to the press, President Clerides said he briefed the US
envoy on the negotiations and they exchanged views on the future
course.
Replying to a question, Mr. Clerides said Mr. Holbrooke informed
him when the US will become more active for a Cyprus solution,
but refrained from revealing any details.
Asked what he expects from the next round of talks, the
president said he "never expected that Geneva would produce a
solution to the Cyprus problem. It is absurd to think that in
the five days we are going to be in Geneva we will solve all the
aspects" of the issue.
"It would be impossible, even if we worked 24 hours out of 24 to
cover all those subjects," Mr. Clerides said, pointing out that
there are too many issues, beyond the constitutional, including
demilitarization, guarantees, accession to the European Union,
the refugee problem, property and human rights.
Referring to the Geneva talks, the President said "the issue we
will have before us to discuss is the content of a joint
declaration", expected to be issued if an agreement is reached.
Commenting on statements made by Mr. Denktash that none of the
200,000 Greek-Cypriots forced to flee their homes after the 1974
Turkish invasion and occupation of 37 per cent of Cyprus will be
able to return, the president said "no progress can be achieved
if Denktash comes with these views."
President Clerides left New York later yesterday for London,
where he is scheduled to meet today with British Prime Minister
Tony Blair.
[06] Skandalidis clarifies 'whip' statement
Athens, 15/07/1997 (ANA)
PASOK Secretary Costas Skandalidis yesterday clarified a remark
he made in a Sunday newspaper interview, saying that his
statement calling on Prime Minister Costas Simitis "to take hold
of the whip" in PASOK was only an "expression of concern over
conflicting views" in the party.
"I simply expressed the central question of our supporters and
voters, who see that despite the almost complete lack of an
effective opposition, we are constantly raising the tripping
line before our own feet. You know very well that I would be the
last one to recommend expulsions," he said after a meeting with
the premier.
Replying to questions, he said the issue of the 22 deputies who
criticized the Greek-Turkish communiqui signed in Madrid last
week was not discussed, and that he respected their views and
sensitivities.
Commenting on Mr. Skandalidis' statement, government spokesman
Dimitris Reppas said the prime minister was opting for "the
force of persuasion rather than the persuasion of force," but
there was a general line that everyone should heed as well as
the principle of joint responsibility.
[07] Constantopoulos calls for convening of political leaders council
Athens, 15/07/1997 (ANA)
President of the Republic Kostis Stephanopoulos received
Coalition of the Left and Progress (Synaspismos) party leader
Nikos Constantopoulos yesterday for a meeting.
Mr. Constantopoulos called for the immediate convening of a
political leaders council to discuss the joint communiqui
between Greece and Turkey.
"It is the government's duty to brief the parties, the
Parliament and the Greek people," Mr. Constantopoulos said,
adding that the government "should plan its initiatives and its
moves ahead, rather than agreeing... to plans by mediators such
as the United States."
The Synaspismos leader said his party was interested in making
full use of the provisions of the communiqui "to the benefit of
Greece's interests, and of peace and stability."
He also unveiled plans to visit Turkey in the next few months.
[08] Greek assistance to Bosnia the focus of meeting with US officials
Athens, 15/07/1997 (ANA)
Greece pledged yesterday to help Bosnia-Herzegovina in the
fields of transportation, communications and health as well as
to contribute to minesweeping operations within the framework of
NATO's "Train and Equip" program.
The measures were announced after a Greek-American meeting
yesterday in Athens chaired by Foreign Under-secretary Yiannos
Kranidiotis.
The US delegation at the meeting was headed by a US official
responsible for the program, who laid out the points for
co-operation between Greece and the United States, as well as
praised Greece's participation in the program.
The two delegations decided in this first phase of talks to
establish an experts committee to consider the needs in
Bosnia-Herzegovina and to determine the technical aspect of
Greek participation.
[09] Greek-Egyptian law enforcement accord
Cairo, 15/07/1997 (ANA/AFP)
Egypt and Greece will sign a co-operation agreement focusing on
security, providing mainly for the deportation of criminals, a
police source said yesterday here.
An Egyptian Foreign Ministry delegation had visited Athens on
July 3-6 for talks regarding the agreement, which is to be
signed during the forthcoming visit of Interior Minister Alekos
Papadopoulos to Cairo.
The date for the minister's visit has yet to be confirmed.
In the meantime, Foreign Under-secretary Yiannos Kranidiotis is
due to visit Cairo today for talks to improve Greek-Egyptian
co-operation in various sectors.
[10] Karamanlis briefed on Athens' bid for 2004 Olympics
Athens, 15/07/1997 (ANA)
Main opposition New Democracy leader Costas Karamanlis and
several ND cadres were briefed yesterday by the Athens 2004
candidacy committee.
In statements afterwards, he expressed satisfaction with the
briefing and support for the Greek capital's candidacy.
"The only questions remaining mainly concern the government,
regarding the completion of projects within the deadlines set,"
he said.
Candidacy Committee President Gianna Angelopoulou-Daskalaki said
there was great expectation, in parallel with serious
preparation and in view of the final selection of the host city
by the International Olympic Committee (IOC) in September.
"The candidacy is a national cause, not a one-dimensional
political issue. Athens has proven it is essentially supported
by all public bodies, and for this reason, quite rightly, it is
not politicized," she said.
[11] IOC members
Athens, 15/07/1997 (ANA)
Two IOC members, who ended their visit to the Greek capital
yesterday, made positive comments on Athens' Olympic Games
candidacy.
Bulgarian IOC delegate Ivan Slavkov said: "I feel especially
pleased whenever I visit Athens, since the days I played water
polo. I consider the Greek candidacy very strong, and I believe
that in the event of Athens' victory, the Bulgarian people will
also be very pleased."
Paul Wallwork, of Western Samoa, said: "I see that Athens is
changing for the better, compared to my last visit. The Greek
candidacy is thorough, carefully planned, and based on an
authentic technocratic perception".
Four other IOC members, Messrs. Rene Esomba (Cameroon), Jan
Stabo (Norway), Roy Anthony Bridge (Jamaica) and Francis Ngvesko
(Uganda) are beginning their official visit to Athens today.
[12] Gov't responds to question over Athens 2004 committee's
expenditures
Athens, 15/07/1997 (ANA)
Replying to a question on expenditures by the Athens 2004
candidacy committee, government spokesman Dimitris Reppas said
yesterday that relevant bodies conduct controls with
transparency, adding that a committee functions to manage these
amounts.
Mr. Reppas said it is customary for members of the International
Olympics Committee (IOC) to visit cities seeking to host Olympic
Games and that these visits have the nature of well-intentioned
public relations.
[13] Kastanidis eyes 'labor peace' during IAAF Championships
Athens, 15/07/1997 (ANA)
Transport and Communications Minister Haris Kastanidis will try
to find common ground for action (labor peace) over the next two
months in light of commitments undertaken in conducting the IAAF
Championships in Athens between Aug. 1-10, as well as Athens '
bid to host the 2004 Olympiad.
Mr. Kastanidis will attempt this in co-operation with the
federations and the transport ministry's employees' unions and
all supervising organizations.
He will have a meeting today with all the bodies involved and
afterwards, he will make statements to the press.
[14] Greek tourist dies in road accident in Turkey
Istanbul, 15/07/1997 (ANA - A. Kourkoulas)
Seven people died and another 28 were injured when a truck
crashed into a bus near Kocaeli, 80 km east of Istanbul, Turkish
police said yesterday.
The dead include a Greek national, Dimitris Liapis, and the
driver of the truck, while six passengers were listed as
severely injured.
According to police, the truck driver lost control, entered the
on-coming lane and crashed into the bus, which was serving the
Istanbul-Ankara route.
Among the injured were tourists from Greece, Romania, Russia and
Poland. Two Greeks who were among those injured are being
treated at the Kocaeli hospital, where Greek consul Yiannis
Ghikas and consulate interpreter Socrates Tragossis were
summoned by local police.
[15] Gov't pushes for more rapid decentralization
Athens, 15/07/1997 (ANA)
Interior Minister Alekos Papadopoulos told ministry secretaries
general and regional directors yesterday to accelerate a plan
for reorganizing regional administration and to decentralize
services from Athens.
In a one-day meeting at the Zappeion Hall, Mr. Papadopoulos
described the new plan as "a law that nobody has realized how
radical it is, given the fact that we are shifting the stage of
applying public administration from ministries to the region, a
vir gin and fertile ground so that Greece may at last acquire a
proper public administration and the state may operate properly."
The law was voted by Parliament last May in order to "upgrade
the role of the regions and complete decentralization on the
peripheral level and that of local government," Mr. Papadopoulos
said.
During the meeting it was decided that meetings would be held
every two months, to accelerate and improve the application of
this particular law.
Interior Under-secretary Tassos Mantelis, who attended the
conference, said that public administration should become more
effective, "with emphasis placed on faster, better, and cheaper
services."
He added that "we don't have any time left. We must take
decisions now and apply everything, to prepare Greece and public
administration for the year 2001."
[16] ND leader visits ESHEA
Athens, 15/07/1997 (ANA)
Main opposition New Democracy leader Costas Karamanlis visited
the Athens Journalists Union (ESHEA) yesterday, the largest
press union in Greece, to be briefed on issues of concern to
ESHEA.
During his visit he urged that a professional code of ethics be
drawn up for the press and go through Parliament in order to
prevent charges that fines imposed on the media for violations
of rules are unfair or random.
ESHEA President Aristidis Manolakos said that all party leaders
would be briefed on problems the union faces.
Mr. Karamanlis expressed his support over these issues.
Today he is expected to visit President of the Republic Kostis
Stephanopoulos to discuss Greek-Turkish issues.
[17] Greek-Turkish peace event in Pergamus
Athens, 15/07/1997 (ANA)
Residents of Lesvos joined the people of Pergamus in northwest
Turkey over the weekend for a series of events focusing on peace
and friendly relations between the Greece and Turkey.
Events opened on Saturday evening with children's dance groups
from both regions performing in the ancient city's center, where
the old Greek quarter was located.
The event was attended by many locals and about 300 tourists
from Lesvos, Hios, Thrace and Serres. Many of them included
ethnic Greeks from Asia Minor who had been born or had parents
born in Pergamus.
A concert by the state-controlled ET-3 was given that night at
the city's ancient theater, with the audience waving Greek and
Turkish flags.
Events ended Sunday evening with the planting of an olive tree
in the city's modern quarter by Lesvos Prefect Alekos Mathiellis
and Pergamus Mayor Sefa Tashkin.
Officials attending the ceremonies included the prefects and
mayors from many Greek islands and Alexandroupoli,
tourism-sector businessmen, Communist Party of Greece (KKE)
deputy Stratis Korakas, the Greek Consul General in Istanbul
Fotis Xydas and the Greek Consul in Smyrna Andreas Fryganas.
[18] Operational Program for Industry the focus of meeting
Athens, 15/07/1997 (ANA)
The monitoring secretariat for Operational Program for Industry
met last week with the participation of the competent
directorates of the European Commission.
The secretariat and the commission representatives expressed
their satisfaction over acceleration observed in the application
of the industry program, the significantly increased rates of
absorption and the promotion of innovative and developmental
interventions of the program.
They also expressed the certainty that the path the program has
taken guarantees its completion within the foreseeable dates and
the attainment of goals, namely, the continuous improvement of
Greek industry's competitiveness and positive results for the
job market.
The program largely relates to strengthening of private
investments, but also includes a series of innovative actions to
improve Greek businesses.
The committee has decided to apply, among others, actions that
guarantee quality in industrial products, supervision of the
market and co-operation with other countries.
[19] Inquiry ordered over pharmacists' strike
Athens, 15/07/1997 (ANA)
Athens prosecutor Georgios Koliokostas yesterday ordered an
urgent preliminary inquiry in relation to press reports that
inadequate quantities of medicines are provided in the market
and that the public is being inconvenienced by the continuing
strike called by pharmacists, as well as the decision taken by
the Pharmaceutical Union of Attica not to credit insurance funds
for prescriptions from now on but to call on insured people to
pay for their medicines in full and then receive money due to
them from their insurance funds.
Mr. Koliokostas assigned the Athens security police with
conducting the preliminary inquiry, together with instructions
to summon officials from the health ministry and insurance funds
to testify as witnesses.
The inquiry will also examine whether the health of citizens is
placed at risk, measures have been taken to handle emergencies,
there are adequate quantities of medicines in the market and the
continuing situation results in ex officio offenses.
[20] Conference on northern Greece-Romanian business ties
Athens, 15/07/1997 (ANA)
The Inter-Balkan Co-operation Bureau will organize a conference
in Komotini this evening to examine new factors and the
possibilities and prospects of co-operation between the business
world of northern Greece and Romania.
The conference will constitute the basis for continuous
co-operation and mutual information between the bureau and the
region's bodies in the framework of the program's implementation.
[21] Poor regions protected in EU expansion plans
Brussels, 15/07/1997 (Reuter)
Europe's poor regions, mainly in Spain, Portugal, Greece and
Ireland, will continue to be eligible for up to 21 billion ECU's
($23.5 billion) in regional and other aid between 1999 and 2006,
EU sources said.
They said the 20 EU commissioners, meeting in secret conclave on
Thursday, agreed that member states whose gross national product
is less than 90 percent of the EU average will still benefit
even if they qualify for the EU single currency.
Although this was proposed in a draft report some powerful
factions within the EU's executive commission had tried to
exclude Spain, Ireland and Portugal from the fund because they
are likely to meet criteria for joining the new currency, the
Euro, in 1999.
It was argued that if those countries were strong enough
financially to meet the tough single currency membership
conditions, they did not need special EU aid totaling three
billion ECU's annually from the so-called "cohesion fund".
The aid is used to help fund trans-European road, rail and other
transport networks as well as environmental projects.
But Spain and the other three countries warned they would block
any attempt to cut off the aid, saying that the terms for
economic and monetary union and the cohesion fund were separate
issues.
They received powerful support within the Commission from the
EU's social affairs and regional commissioners, Padraig Flynn
and Monica Wulf-Mathies, who swung support in favor of extending
the existing rules.
But the aid level would be gradually reduced.
The future of the cohesion fund, which was set up in 1992 to
help poorer regions catch up with the rest of the EU, was the
main outstanding issue in plans to fund the EU's expansion east.
The plans are due to be agreed next Tuesday and presented to the
European Parliament in Strasbourg the following day. They will
then be submitted to EU foreign ministers for approval.
The prospective first wave of new EU members -- Hungary, Poland,
the Czech Republic, Cyprus, Estonia and Slovenia -- would
benefit from 45 billion ECU's of regional, social and
agricultural aid between 1999-2006 to prepare for membership.
Total EU structural and cohesion fund spending would be set at
275 billion ECU's between 1999-2005. Structural funding covers
regional, social and agricultural development projects.
[22] Greek retail sales volume up 2.5 pct in April
Athens, 15/07/1997 (ANA)
Greek retail sales volume rose by 2.5 percent in April compared
to the corresponding month last year, the National Statistics
Service said.
Retail sales volume was 1.7 percent higher in the first four
months of 1997 from the same period in 1996.
[23] Greek stocks edge past 1,600 points
Athens, 15/07/1997 (ANA)
Greek equities started the week with moderate gains on the
Athens Stock Exchange sending the general index just above the
1,600 psychological level.
The index yesterday closed at 1,600.90 points, up 0.59 percent
in moderate trading. Turnover was 13.8 billion drachmas.
All sector indices scored gains led by Investment which surged
3.47 percent. Banks ended 0.42 percent higher, Leasing rose 2.07
percent, Insurance edged 0.04 percent up, Industrials increased
0.81 percent, Construction ended 0.21 percent higher, Holding
moved 1.16 percent up and Miscellaneous rose 2.47 percent. The
small cap index, however, fell by 1.02 percent.
Broadly, advancing issues led declining ones by 137 to 81 with
another 23 issues unchanged.
National Investment Fund, Piraeus Investment, Lavipharm and
Sidenor scored the biggest percentage gains, while Papastratos,
Alysida, Maxin, Ideal and Doudos suffered the heaviest losses of
the day.
National Bank of Greece closed at 36,600 drachmas, Ergobank at
17,500, Alpha Credit Bank at 19,600, Titan Cement at 16,200,
Intracom at 13,195 and OTE at 6,410.
[24] Dollar posts record high against drachma
Athens, 15/07/1997 (ANA)
The US dollar shot up to a new record close against the Greek
drachma in the domestic foreign exchange market reflecting the
greenback's spectacular gains in international markets.
The dollar was a record 281.27 drachmas at the central bank's
daily fix, up 5.16 drachmas from last Friday. Commercial banks
were selling the dollar at 285.489 drachmas.
The US currency has shown a 13.63 percent rise since the
beginning of the year.
Sterling also rose sharply to 474.20 drachmas, up 5.52 drachmas
from its previous close.
The British currency broke new six-year barriers against the
DMark last week in international markets, surpassing the 3.0
mark level.
The German currency has come under pressure due to the
uncertainties over the future of European monetary union and
talk of a more lax interpretation of the Maastricht treaty.
[25] Laliotis stresses that Egnatia Highway will finish by 2000
Athens, 15/07/1997 (ANA)
Environment, Town Planning and Public Works Minister Costas
Laliotis yesterday offered assurances that the all-important
Egnatia Highway will be completed by the year 2000.
He was speaking in Thessaloniki after a meeting on the course of
the motorway's construction, while several mayors and prefects
from Epirus and the Macedonia-Thrace region also participated.
Mr. Laliotis displayed figures showing that 122 km out of the
680 km of the motorway's length have been completed, while
funding has been secured for another 420 km.
He further said that promotion of construction for the remaining
140 km, which have not been included in the funding program,
will utilize several forms of national financing and loans.
Mr. Laliotis revealed that a considerable amount is expected to
be secured with the planned gradual increase in the Egnatia
stamp tax, from which about 10 billion drachmas have been
received so far.
Outlining the present situation, Mr. Laliotis said at the moment
25 new projects are being constructed, with a total length of
186 km, while tendering is under way for another three sections
stretching 45.4 km. Tendering will take place for another 16
projects by the end of 1997.
Mr. Laliotis conceded that there are delays due to unforeseen
factors, such as the case of a section of the highway at
Grevena, where the Council of State recently annulled approval
of a construction license due to the need to protect brown bears.
He said these delays cost in both money and time and mentioned
that changes in designs due to environmental problems have so
far spelled a one-year delay in the project and an economic
burden of 15 billion drachmas.
Mr. Laliotis said bordering Balkan countries are showing
increased interest in the acceleration of construction of eight
vertical axes linking them with the Egnatia at certain sections,
where work is under way or tendering is taking place.
He interpreted this interest as proof that "the para-Egnatia
motorway network has even been canceled...", adding that
bordering countries have started a race to have themselves
linked to the Egnatia Motorway."
[26] Restriction on trucks' circulation over summer weekends
Athens, 15/07/1997 (ANA)
The government will impose restrictions on the circulation of
trucks from July 18 and until Sept. 15 in an effort to decrease
traffic accidents over the summer weekends.
The restrictions will be imposed from 2:30 p.m. to 9 p.m. on
Fridays and 5 p.m. to 10 p.m. on Sundays on national motorways
linking Athens-Lamia, Athens-Corinth-Patra and
Thessaloniki-Halkidiki.
The measure was agreed to by the environment, town planning and
public works ministry, the public order ministry and the
transport ministry.
Trucks carrying perishable goods will be excluded from the
restrictions. Violators will be punished by virtue of article 52
of the traffic code which concerns trucks weighing 1.2 tons or
more.
End of English language section.
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