Athens News Agency: Daily News Bulletin in English, 97-07-22
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No 1243), July 22, 1997
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] Greece condemns Ecevit statements in Cyprus' occupied areas
[02] Gov't spokesman
[03] US State Department comments
[04] Gov't to reinforce security along Greek-Albanian border
[05] Border post reopens
[06] Poos recomends Greek-Turkish negotiations by 'experts committees'
[07] Madrid communiqui enables direct Greek-Turkish talks, Pangalos
says
[08] Karamanlis receives State Dept. official
[09] Greek troops in Albania prepare return
[10] Vartholomeos arrives in Armenia
[11] 'Athens 2004' committee unveils study on expected benefits
[12] Synaspismos opposed to Athens' bid
[13] FYROM prohibited from using name 'Macedonia' in sports events
[14] Pan-Macadonian Conference begins in Thessaloniki
[15] Simitis-Arsenis meeting focuses on planned educational reforms
[16] ND reaction
[17] Another 27 killed in traffic accidents over weekend
[18] EBEA establishes business data bank for Balkans
[19] Gov't says 10 more state enterprises to enter bourse in next 3
years
[20] Greek equities end flat, seen consolidating
[21] Gov't source denies press report on proposed capital gains tax
[01] Greece condemns Ecevit statements in Cyprus' occupied areas
Athens, 22/07/1997 (ANA)
Foreign Minister Theodoros Pangalos yesterday expressed regret
at what he termed "inappropriate" remarks by Turkish Deputy
Prime Minister Bulent Ecevit, during the latter's presence at
events in Turkish-occupied Cyprus to mark Ankara's 1974 invasion.
During the weekend events, Mr. Ecevit, who as prime minister had
ordered the 1974 invasion against the island republic, said the
self-proclaimed "Turkish Republic of Northern Cyprus",
recognized only by Ankara, would "live forever as an independent
state. But its foreign policy and defense will be handled by
Turkey".
Responding to a question following a meeting at the Maximos
Mansion, Mr. Pangalos said that Mr. Ecevit considered it the
"purpose of his life to make wrong moves in Turkish policy on
the Cyprus issue, that's why he has returned to the scene of the
crime ".
Athens will support the Cyprus issue by its policy, Mr. Pangalos
said, criticizing Mr. Ecevit for scoffing at international
agreements and repeated United Nations resolutions.
Mr. Pangalos said that Mr. Ecevit's "unfortunate statements"
were made as a "fiesta for domestic political consumption".
The Greek government would not follow that method, he said, and
ruled out the possibility that any Greek government officials
would make statements for domestic consumption on the Cyprus
issue.
He also expressed the hope that the Turkish policy on the Cyprus
issue would one day cease to follow the logic of domestic
political consumption.
[02] Gov't spokesman
Athens, 22/07/1997 (ANA)
Meanwhile, the government described Mr. Ecevit's statements as
"completely inopportune, incompatible with efforts for a
settlement of the Cyprus problem and inconsistent with Turkey's
effort to approach the European Union".
"Such behavior compromises Turkey and is seen by the
international community as belonging in the past," government
spokesman Dimitris Reppas said.
In further comments, Mr. Ecevit said the illegal TRNC regime's
integration with Turkey was inevitable after the European Union
gave the green light last week to the Cyprus Republic for
accession negotiations, while excluding Turkey.
Mr. Reppas said the EU had fixed "in the most official and
categorical manner" the timetable for accession negotiations
with Cyprus.
Asked whether a statement made by Greece in the past that any
further Turkish military expansion on Cyprus would be a cause
for war still held, Mr. Reppas replied that "any move by Turkey
against Cyprus will constitute a cause for war", while stressing
that "at the present time, a positive approach to things is
preferable."
Greece, he noted, is implementing a policy which is based on
international law.
"Athens wants calm and stability in the region but at the same
time it is ready to confront any phenomenon and is on alert," he
added.
[03] US State Department comments
Washington, 22/07/1997 (ANA - T.Ellis)
In response to questions on the Cyprus issue, US State
Department spokesman Nicholas Burns said yesterday that a
bi-zonal, bi-communal federation should be the ultimate goal of
negotiations between the Greek Cypriot and Turkish Cypriot
sides, adding that all parties should support on-going efforts
by UN Secretary General Kofi Annan.
Asked to comment on Mr. Ecevit's statements, Mr. Burns said one
should not add "fuel to the fire", and reiterated his
government's position on the Cyprus problem.
"We would request that negotiations are carried out on a just
and constructive basis and public statements follow up on this
need for just and sincere negotiations," Mr. Burns said.
He added that Washington prefers to keep tones down and convey
its views privately, in order to be able to help behind the
scenes.
Mr. Burns also said that charges of airspace violations over
Cyprus as well as the presence of Turkish warships were serious.
He said these acts created concern.
In a related development, Mr. Burns also said that Greg Craig,
who headed a State Department delegation to Greece, Turkey and
Cyprus, reported a noticeable "new spirit of peace and
reconciliation."
[04] Gov't to reinforce security along Greek-Albanian border
Athens, 22/07/1997 (ANA)
Public Order Minister George Romeos said new measures would be
taken to strengthen border security in co-operation with the
National Defense Ministry, after a two-hour top-level meeting on
the problems being created by Albanian criminal gangs along the
border.
Prime Minister Costas Simitis chaired a meeting of ministers
yesterday to also discuss problems associated with the presence
of Albanian illegal immigrants in the country and the illegal
activities of Albanian crime rings, particularly in northwest
Greece near the border with Albania.
According to sources, the government intends to increase the
number of joint army and police patrols on the border with
Albania.
Mr. Romeos also said that policing measures would be increased
inside Greece as well in order to combat the activities of
foreign criminals.
Labor Minister Miltiades Papaioannou, who also attended the
meeting, said final decisions concerning Albanian illegal
immigrants in the country had not yet been taken.
"This problem will be examined within the broader framework for
dealing with the issue of foreigners working illegally in Greece
which will take the form of corresponding presidential decrees,"
he said.
The meeting was attended also by Foreign Minister Theodoros
Pangalos, National Defense Minister Akis Tsohatzopoulos,
Interior Minister Alekos Papadopoulos and Alternate Foreign
Minister George Papandreou.
[05] Border post reopens
Athens, 22/07/1997 (ANA)
Meanwhile, the government said yesterday that the Kakavia border
crossing on the Greek-Albanian frontier was operating normally
after closing for a few hours Sunday night due to a "special
situation" following the arrest of an alleged druglord.
Government spokesman Dimitris Reppas said the foreign ministry
had received information about the movement of "various groups
of Albanian nationals" after the arrest of a man suspected of
being a major drug dealer. The information led to a decision to
shut the Kakavia border post for a few hours Sunday night.
Mr. Reppas said increased security measures had been taken in
border areas as a result of the recent illegal activity of
Albanian criminals, which recently has included kidnappings and
robberies within Greece.
[06] Poos recomends Greek-Turkish negotiations by 'experts committees'
Brussels, 22/07/1997 (ANA - G. Daratos)
After the issuance of the Madrid communiqui, Greek and Turkish
"experts committees" will have to proceed with regular
negotiations to resolve Greek-Turkish differences, according to
Luxembourg Foreign Minister Jacques Poos, whose country is
currently holding the European Union's rotating six-month
presidency.
Mr. Poos set out this position in reply to a question by the
Coalition of the Left and Progress Euro-MP Alekos Alavanos at a
meeting of the European Parliament's Foreign Affairs and Defense
Committee.
Mr. Poos, who announced that he will pay an official visit to
Ankara in early September, also replied to a question by the New
Democracy Eurodeputy Panayiotis Lambrias, saying that
negotiations for the accession of Cyprus to the EU will start as
normal in January 1998.
Commenting on a recent letter by Turkish Foreign Minister Ismail
Cem, who claimed that Cyprus cannot join an international
organization in which Turkey does not participate, Mr. Poos said
this position of Ankara is known but is absolutely questionable
on the basis of international law.
Mr. Poos referred to the letter he addressed to Turkey in his
capacity as president of the EU's Council of Ministers, in which
he refers explicitly to the territorial integrity and
independence of Cyprus, a reference he said constitutes a clear
message to the new Turkish government on the EU's position on
this issue.
[07] Madrid communiqui enables direct Greek-Turkish talks, Pangalos
says
Athens, 22/07/1997 (ANA)
Foreign Minister Theodoros Pangalos has described the recent
Greek-Turkish joint communiqui signed in Madrid as a "major
political development" that created a "new situation,
qualitatively", while enabling direct talks on bilateral issues
concerning the two countries without intermediaries.
Mr. Pangalos stressed, however, in an interview to the Athens
daily 'TA NEA", published yesterday, that there could be no
political rapprochement with Turkey or discussion on issues of
co-operation before the matter of Ankara's claims on the Imia
islets was settled through recourse by the latter to the
International Court of Justice at The Hague. He added that at no
time during the talks that preceded the Madrid communiqui was
the issue of Greece's legal right, under the international Law
of the Sea, to extend its territorial waters to 12 nautical
miles mentioned.
The six-point communiqui, issued on July 8 after talks by
Premier Costas Simitis and Turkish President Suleyman Demirel on
the sidelines of the NATO summit in Madrid and subsequently
described by the government as a "declaration of intentions",
stated that the two countries would pursue efforts to promote
bilateral relations based upon: "A mutual commitment to peace,
security and the continuing development of good neighborly
relations"; "respect for each other's sovereignty"; "respect for
the principles of international law and international
agreements"; "respect for each other's legitimate, vital
interests and concerns in the Aegean which are of great
importance for their security and national sovereignty";
"commitment to refrain from unilateral acts on the basis of
mutual respect and willingness to avoid conflicts arising from
misunderstanding" and finally, "commitment to settle disputes by
peaceful means based on mutual consent and without use of force
or threat of force".
Mr. Pangalos said the "declaration of intentions" issued in
Madrid had eliminated the threat of war, and was made at the
highest possible level, by the Turkish President himself, who
also headed that country's national security council, which
"makes it clear that Turkey accepts the international treaties
as the basis for discussion".
Although this did not mean that Ankara would "...interpret or
implement international law and the international treaties in
the way it should or in the way they are implemented by the
international community", there was nevertheless, a "new
situation, qualitatively" in the context of which Greece could
"directly discuss with Turkey without the mediation of a third
power, such as the United States or the European Union,
particularly on matters concerning the two countries".
"This does not mean that we will negotiate rights we consider
non-negotiable or will accept a political discussion on matters
that require legal handling," he said, adding: "There is no such
commitment".
"What it does mean, is that representatives of two mature
countries, the representatives that is of Turkey and Greece,
will be able to meet and discuss all issues pertaining to the
two countries", he added.
Responding to criticism of the Madrid communiqui voiced in
Greece, Mr. Pangalos said the idea that the Aegean was a "closed
region" which belongs entirely to Greece and where no one else
has the right to have interests "is precisely the slander which
the Turks use to manipulate their public opinion, (fomenting)
aggression against Greece."
"But one coast of the Aegean belongs to Turkey. And this Turkish
coast has a coastal zone and obviously some right with respect
to the continental shelf. So why all this surprise that Turkey
has vital interests in the Aegean, interests which exist de
facto," Mr. Pangalos said.
Replying to other questions in the interview, the foreign
minister clarified that the commitment to refrain from
unilateral actions referred to actions of a military nature
which could be taken by the other side as being aggressive and
could lead to an escalation, as in the case of Imia.
Referring to the Imia incident, Mr. Pangalos said "from one
moment to the next" the politicians lost control of the
situation and there was a breakdown in contact between the two
governments until then US Assistant Secretary of State Richard
Holbrooke "appeared on the scene and resolved the dispute."
He rejected the view that "unilateral actions" might be taken as
meaning Greece abandoning its right to extend its territorial
waters to 12 nautical miles.
"Nobody spoke about the 12 mile issue and nobody referred to it
(in Madrid)," he stressed.
"The reason for this was very simple. We had stated that if
(Turkey's) lifting of the threat of war appeared as being in
exchange for some concession on our part regarding the 12 mile
issue, then this would put an immediate halt to the talks," he
added.
"The 12 mile issue is one which belongs to the framework of
relations between Greece and the neighboring countries; it is an
international problem, not a Greek-Turkish problem, if indeed it
turns out to be a problem," he said.
Mr. Pangalos underlined that the only real problem in relations
between Greece and Turkey was that of the Aegean continental
shelf.
"This is the heart of all problems with Turkey. If we could
agree or disagree in a legally defined way, so that this dispute
can be referred to and resolved by the International Court at
The Hague (which Turkey has so far refused), then all the other
problems will seem minuscule," he said.
Asked about the possibility of Greek-Turkish meetings in the
future at a top level, Mr. Pangalos said the two countries'
leadership would meet, for example, in November in Crete on the
sidelines of the summit meeting of European countries.
He said, though, that he did not envisage talks with a
pre-determined agenda, but rather discussion of a specific issue.
"We now have this possibility and this is the major gain from
Madrid," he added.
Although the United States was in continuous contact with Athens
and Ankara, Mr. Pangalos said, "I believe that the (next)
initiative should come from the two countries themselves."
He also urged Turkey to abandon its past behavior and look to
the future, stressing that Greece would follow such an effort
with a "sincere desire" to help.
"The idea that Turkey can dominate Greece is one which belongs
to the past, one which has no hope of success and which can only
create problems in Turkey," Mr. Pangalos said.
[08] Karamanlis receives State Dept. official
Athens, 22/07/1997 (ANA)
Main opposition New Democracy leader Costas Karamanlis met with
US State Department special envoy for Southeastern Europe Phil
Petrihos yesterday morning.
Mr. Petrihos, who is in the area for meetings with officials in
Athens, Nicosia and Ankara, briefed Mr. Karamanlis on
developments and Washington's views.
[09] Greek troops in Albania prepare return
Athens, 22/07/1997 (ANA)
Preparations got under way yesterday for the return of the Greek
contingent which served with the multinational force in Albania.
The Hellenic Navy tank landing craft "Hios" is expected to dock
at Vlore today to take the armored personnel carriers used by
the Greek contingent back to Thessaloniki. The return of the
Greek troops is expected to be completed by Aug. 8.
[10] Vartholomeos arrives in Armenia
Yerevan, 22/07/1997 (ANA-A. Kourkoulas)
Ecumenical Patriarch Vartholomeos arrived in Armenia yesterday
on his first official visit to the Caucasus republic since its
independence.
The Patriarch was welcomed at the Yerevan airport by the entire
synod of the Armenian Church, a representative of President
Levon Tev-Petrosyan, the minister of culture representing the
government and the Greek ambassador to Armenia.
Later on the same day, Vartholomeos met with Mr. Tev-Petrosyan.
Today he is expected to meet with the prime minister, the
president of the parliament, the president of the Academy of
Sciences. A visit to a monastery at Lake Sevan is also
scheduled.
[11] 'Athens 2004' committee unveils study on expected benefits
Athens, 22/07/1997 (ANA)
An Athens 2004 candidate committee-commissioned study states
that if the Greek capital is chosen to stage the 2004 Games,
some 130,000 permanent or temporary jobs will be created while
an increase in tourism receipts and public revenue by more than
one billion US dollars will be gained.
Meanwhile, the findings of the study were presented at a meeting
yesterday on the financial aspects of staging the 2004 Games.
Organized yesterday by the "Athens 2004" bid committee, the
meeting was addressed by committee president Gianna
Angelopoulou-Daskalaki and attended, among others, by
Environment, Town Planning and Public Works Minister Costas
Laliotis and Sports Undersecretary Andreas Fouras.
"The 2004 Olympic Games provide an opportunity for the
development of new branches of the Greek economy and the
attracting of major investments," Ms Angelopoulou-Daskalaki told
the meeting.
The major advantage of the budget for Athens' bid, she claimed,
is that it is not burdened with the cost of the major
infrastructure, works since they are already in progress, plus
the fact that 72 per cent of the sports installations are ready.
The total estimated cost of staging the Games, according to the
study, will be US$1.35 billion, plus $215 million as provision
for unforeseen expenditures.
According to the "Athens 2004" bid, income from staging the
Games will exceed expenditures by $36.7 million.
Some 44 per cent of this income will come from the contracts
already signed by the International Olympic Committee (IOC)
concerning television rights and international sponsorships.
Between 2001 and 2004, the report states, the total increase in
the turnover of industry and Greek enterprises in general is
expected to reach $550 million, due to increased demand for
consumer products, building materials, furniture, sports and
technical equipment.
The study also claims that Greek industry will benefit directly
from the promotion of Greece's image internationally through the
Games.
[12] Synaspismos opposed to Athens' bid
Athens, 22/07/1997 (ANA)
The Coalition of the Left and Progress (Synaspismos) remains
opposed to Athens' bid to host the 2004 Olympic Games, as the
party believes that the organization of the Games by Athens will
have serious repercussions on the Greek economy, as well as on
Attica's environment and the country's regional development.
An announcement by Synaspismos yesterday cast doubt on a number
of highly optimistic forecasts by the government in relation to
the 2004 Olympics, such as the creation of 130,000 jobs and
increased business for the industry and the tourist sector.
[13] FYROM prohibited from using name 'Macedonia' in sports events
Athens, 22/07/1997 (ANA)
The Union of European Olympic Games Committees issued a decision
forbidding the use of the name "Macedonia" for any participants
from the Former Macedonia Republic of Yugoslavia (FYROM) in
sports events or events in Europe related to the organization.
The union calls for the use of the name FYROM or the initials
"MKD" as abbreviation, until a United Nation's final decision on
the name.
[14] Pan-Macadonian Conference begins in Thessaloniki
Athens, 22/07/1997 (ANA)
The 51st International Pan-Macedonian Conference opened
yesterday in Thessaloniki, while during the meeting's first day
participants elected the board of the conference.
In an address, the general secretary of the Macedonia-Thrace
Ministry Chrysa Manolia, said expatriate Greeks were "the
ministers of the Greek spirit and culture to the world".
The ministry's director for repatriating Greeks, Christos
Karmenidis, referring to developments on the issue of FYROM's
name, said "any country is free to be named anything it wishes,
unless when stealing a name from another".
The conference was also addressed by the president of the US
branch of the World Council of Hellenes Abroad, Christos
Tomaras, who told participants that the conference was the
result of the unity amongst Macedonian Greeks, and that this
unity was based on solidarity and co-operation.
The Pan-Macedonian Conference continues today with issues on the
agenda including educational and youth programs, utilization of
the Internet and further planning.
[15] Simitis-Arsenis meeting focuses on planned educational reforms
Athens, 22/07/1997 (ANA)
Prime Minister Costas Simitis held talks with Education Minister
Gerassimos Arsenis and Education Under-secretary Yiannis
Anthopoulos yesterday, focusing on reforms planned for all
levels of education.
"We had a discussion on the education ministry's work program,
on draft laws which will start being debated in Parliament as of
tomorrow (today), on the development of DEP members (Tutorial
Education Staff), on the salary scale for university professors
and other initiatives concerning the reform program in the
sector of education," Mr. Arsenis told reporters afterwards.
Replying to a question over the Organization of Secondary
Education Teachers (OLME) reaction because such important
legislative bills are being submitted to the Parliamentary
recess committee without the necessary dialogue previously
taking place, Mr. Arsenis said "the bills I mentioned concern
tertiary education and not OLME."
"However, a dialogue has taken place with OLME. I have already
invited teachers to discuss with me, while the under-secretary
already had a meeting with them last week. We will proceed with
the implementation of our program," he said.
According to reports, Mr. Arsenis requested from Mr. Simitis to
mediate so that priority will be given to the bills and have
them debated in Parliament by the end of August.
The bills concern the operation of a free series of studies at
universities and the open university at which high school
graduates will be able to study without entrance examinations,
but will not receive a diploma in four years but in six to eight
years.
Additionally, another bill refers to changes which will be
brought about in the first grade of the senior high school
(lyceum) as of September, since these pupils will be the first
to receive the national graduation diploma and will enter
universities without entrance examinations but on the basis of
their graduation grade after the year 2000.
[16] ND reaction
Athens, 22/07/1997 (ANA)
Commenting on yesterday's meeting between Mr. Arsenis and Mr.
Simitis on changes on education, main opposition New Democracy
(ND) press spokesman Aris Spiliotopoulos said that such changes
could not go ahead unless the required funding was allocated.
The ND official called on Mr. Arsenis to consider improving
quality for education, both for students and teachers, rather
than employing useless recipes of the past.
[17] Another 27 killed in traffic accidents over weekend
Athens, 22/07/1997 (ANA)
Twenty-seven people were killed and 368 injured, 57 of whom
seriously, in 289 traffic accidents throughout the country since
Friday afternoon.
Unfortunately, neither extraordinary police measures nor a ban
on the circulation of trucks on national motorways on Friday and
Sunday afternoon resulted in a decrease in the number of traffic
accidents.
[18] EBEA establishes business data bank for Balkans
Athens, 22/07/1997 (ANA)
The Athens Chamber of Commerce and Industry (EBEA) has
established a data bank for the Balkans to provide information
for Greek businesses.
The data bank will begin by providing information on the
business sectors in Romania, Albania and Bulgaria. The countries
it covers will be expanded to gradually include all of the
Balkans and the Black Sea area.
It will also link up with similar data banks in Greece and
beyond.
EBEA president Yiannis Papathanasiou said the information bank
would start operating in the coming weeks and cover needs of
businesses wishing to expand into southeastern Europe.
Some of the information it will provide on each country will
include its economic profile, tenders called in the private and
public sector, calls for joint ventures, customs duties and
taxation data, investment opportunities, European Union
programs, trade facts and an explanation of its banking system.
[19] Gov't says 10 more state enterprises to enter bourse in next 3
years
Athens, 22/07/1997 (ANA)
Another 10 state enterprises will join the bourse over the next
three years, the government announced yesterday.
A small percentage of their share capital will be made available
to the investing public, which will be based on the model of the
partial privatization of the Hellenic Telecommunications
Organization (OTE).
The list of 10 state enterprises will not include the Public
Petroleum Corp. (DEP), the Hellenic Duty Free shops and the
Athens Stock Exchange, whose registration is already being
promoted.
National Economy Minister Yiannos Papantoniou issued an order at
a meeting held at the ministry for an examination to ascertain
which public utilities (DEKO) possess elements rendering their
conversion into shares feasible and the registration of their
shares on the bourse.
General and special issues concerning public utilities were also
discussed at the meeting, as well as the issue of freezing
tariffs in the effort to have inflation decrease even further.
[20] Greek equities end flat, seen consolidating
Athens, 22/07/1997 (ANA)
Greek stocks ended fractionally down in scant trade yesterday,
with analysts saying the market was showing signs of
consolidation.
The Athens general index finished at 1,535.69 points, down 0.09
percent, and the parallel market for smaller cap stocks ended
0.35 percent lower.
Trade was thin with turnover sharply down at 8.8 billion
drachmas.
Most sector indices fell. Banks slipped 0.43 percent, Insurance
slumped 1.10 percent, Investment dropped 0.38 percent, Leasing
fell 0.61 percent, Construction edged down 0.45 percent and
Miscellaneous lost 0.30 percent. Bucking the trend were
Industrials, which closed 0.03 percent up, and Holding, which
gained 0.41 percent. State-run Hellenic Telecommunications
Organization gained 70 drachmas to finish at 6,215 drachmas.
Declines led gains at 112 to 77 with 28 stocks remaining
unchanged of 217 traded.
The highest percentage gainers were Imperio, Bank of Attica,
Emborikos Desmos (preferred) and Biokarpet (preferred), all of
which ended at or near the eight percent upper daily volatility
limit.
The day's biggest losers were Keranis (common), Dimitriadis, GEK
and Atemke.
Among blue chips National Bank of Greece finished at 35,700
drachmas, Ergobank at 16,900 drachmas, Alpha Credit Bank at
19,100 drachmas, Delta Dairies (common) at 3,395 drachmas,
Hellenic Bottling at 9,850 drachmas, Titan Cement (common) at
14,400 drachmas, Intracom at 12,695 drachmas, and Aluminium de
Grece (common) at 17,425 drachmas.
[21] Gov't source denies press report on proposed capital gains tax
Athens, 22/07/1997 (ANA)
A source at the national economy ministry explained yesterday
that there is no intention by the government's economic
leadership to tax shares registered with the Athens Stock
Exchange.
The same source added that the same applies to state securities
(bonds and treasury bills), which are currently exempt from
taxation.
The explanation was given in reply to reports in a Sunday
newspaper that a proposal is being promoted on the taxation of
shares and state titles.
Unnamed sources associated with the bourse claimed yesterday
that any such proposal would first have to convert natural
titles to computerized simple registrations.
However, this program, which has begun as a pilot program for a
certain number of shares, is not expected to be completed in
less than two years, according to the same circles.
End of English language section.
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