Athens News Agency: Daily News Bulletin in English, 97-07-29
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No 1249), July 29, 1997
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] Greece takes delivery of four new F-16 fighter jets
[02] KYSEA meeting
[03] Intense security measures for World Athletics Championships
[04] Samaranch due in Athens on Thursday
[05] Mirage jet crashes in sea, pilot missing
[06] Gjirokaster consulate suspends visa issuing for a day
[07] PASOK Executive Bureau reviews government progress
[08] ND leader prepares for new party profile
[09] Greece's new ambassador to Italy presents credentials
[10] Greek envoy submits memorandum to US Gov't on Turkish violations
[11] ND objections
[12] President Clinton meets prominent Greek-American
[13] Chief of Staff addresses 'Athena '97 Crisis Handling' seminar
[14] Presentation in Winnipeg of the 'Athens 2004' Olympic Games
candidacy
[15] IOC members briefed on Greece's Olympics bid
[16] Balkan university network set up to promote friendship
[17] Olympics Windsurfing gold medallist to begin Aegean Sea crossing
[18] Woman to testify over shooting death of Greek priest
[19] Former premier files suit against daily 'Athinaiki'
[20] Serres police bust drug trafficking ring
[21] Premier confers with justice minister
[22] Ministry meeting to discuss impact of rising US dollar
[23] Ministers to discuss measures to improve flow of public transport
[24] Greek central bank to hold FRN auction Tuesday
[25] Dollar ends at Dr 288.4, sets fifth straight record
[26] Greek equities stay buoyant, hold 1,600-point resistance
[27] EU raps Greece over air pollution, food
[28] Greek telecom chief to FYROM for privatization brief
[29] Meeting in Alexandroupolis on creation of international trade
center
[30] Xiosbank reports increased profits
[01] Greece takes delivery of four new F-16 fighter jets
Athens, 29/7/1997 (ANA)
The first four F-16 fighter jets of a batch of 40 ordered by
Greece in 1992 arrived at the 111 Fighter Wing at Nea Aghialos
base yesterday, while the government will tomorrow take the
final decision awarding the tender for the modernization of 39
Hellenic
Air Force Phantom F-4 jets.
The four F-16 Block 50 -two twin-seater and two single-seater
jets- were flown to Greece by US pilots via Ramstein, Germany.
The new aircraft are equipped with improved radar systems, a
more powerful engine and an enhanced weapons platform as
compared to the F-16s already in service with the Hellenic Air
Force.
Greek pilots had visited the US to receive training for the new
aircraft and they will in turn train colleagues here.
The official entry into service of the new aircraft will be
marked by a special ceremony in late September to be attended by
National Defense Minister Akis Tsohatzopoulos.
[02] KYSEA meeting
Athens, 29/7/1997 (ANA)
The government said yesterday that the final decision awarding
the tender for the modernization of 39 Hellenic Air Force
Phantom F-4 jets would be taken at tomorrow's meeting of the
Government Council for Foreign Affairs and Defense (KYSEA).
On the basis of the tender terms, government spokesman Dimitris
Reppas said, one of which is that the aircraft must be ready by
the end of the year 2000, it had been decided that the bid of
the German company -- DASA -- was superior to that of the US
firm which participated in the tender.
Mr. Reppas also confirmed that US Ambassador to Greece, Thomas
Niles, had sent a letter about the matter to Prime Minister
Costas Simitis, adding however that this was "a usual procedure
which illustrates the interest of diplomatic representatives of
foreign countries in issues which concern their countries".
[03] Intense security measures for World Athletics Championships
Athens, 29/7/1997 (ANA)
Over 9,000 policemen will be on duty equipped with the very
latest equipment when the IAAF World Athletics Championships
open in Athens on Friday, Attica police chief Ioannis
Georgakopoulos said yesterday.
The giant security operation got under way last Friday and was
immediately apparent to Athenians unaccustomed to seeing so many
policemen and cars patrolling the capital.
Mr. Georgakopoulos said the operation would climax on Friday and
continue until the end of the championships on August 10.
Some 7,500 officers, supported by approximately 1,500 police
cadets, will be on duty during the games, while increased
security measures will be taken for the Marathon and long
distance walking races.
Mr. Georgakopoulos said the police would be providing security
from the moment teams arrive at Athens international airport and
are escorted to their hotels.
Police officers will accompany the teams as they travel to and
from the Athens Olympic Sports Complex each day, while security
at the hotels will be tight.
In particular during the games, Mr. Georgakopoulos said, the
police will carry out stringent checks of people entering the
hotels at which athletes will be staying.
[04] Samaranch due in Athens on Thursday
Athens, 29/7/1997 (ANA)
International Olympics Committee (IOC) President Juan Antonio
Samaranch arrives in Athens on Thursday, eve of the start of the
World Athletics Championships which will run through August 10.
Another prominent IOC member, Prince Albert of Monaco, is due in
Athens on August 4.
[05] Mirage jet crashes in sea, pilot missing
Athens, 29/7/1997 (ANA)
A Hellenic Air Force Mirage-2000 fighter plane crashed into the
sea northeast of the island of Skyros yesterday morning as it
was carrying out a training flight, and its pilot was missing,
Airforce sources said.
Two helicopters and a C-130 plane joined nearby ships in a
search operation for Lt. Ioakeim Pantelakis, an experienced
pilot with 420 flight hours on Mirages.
Wreckage from the Mirage was spotted 25 nautical miles northeast
of Skyros.
The jet-fighter took off with another Mirage from Tanagra
airforce base on a routine training flight in interception and
went crashing into the sea at 10:50, the sources said.
A committee of experts has been set up to investigate the causes
of the accident.
National Defense Minister Akis Tsohatzopoulos said that all
Greeks were grieved by the tragic accident. He said that the
tough training by the Greek Airforce to enable it to meet the
responsibility it has to defend the country, has also its costs.
[06] Gjirokaster consulate suspends visa issuing for a day
Gjirokaster, 29/7/1997 (ANA-P. Barka)
The General Consulate of Greece at Gjirokaster suspended its
visa issuing yesterday following an armed gang of Albanians who
waited outside the building waiting for a visa.
The personnel decided to suspend operations in that department
for security reasons.
The consulate frequently faces similar incidents, with armed
gangs demanding visas.
[07] PASOK Executive Bureau reviews government progress
Athens, 29/7/1997 (ANA)
Prime Minister Costas Simitis yesterday chaired a meeting of the
ruling PASOK party's Executive Bureau which concentrated on the
government's progress and issues that need to be solved.
Party secretary Costas Skandalidis said that there was full
awareness of responsibilities and processes currently under way
in need of a solution. Mr. Simitis, he said, would submit a
comprehensive plan on all pending issues after August 20.
Mr. Skandalidis said discussion did not center on the Madrid
communiqui, signed between Greece and Turkey during a NATO
summit, but he said that differing opinions were registered and
will be discussed at the next meeting of the party's Central
Committee.
The secretary also said that there was no question of
restructuring the bureau, but that there was a question relating
its function and that of the political secretariat.
According to sources, National Defense Minister Akis
Tsohatzopoulos said that the government should deal with the
possibility that Turkey and Greece are placed on the same level,
following the Madrid communiqui.
Education Minister Gerassimos Arsenis expressed reservations
about the communiqui and called for establishing a committee
that would help in collating various views at the Central
Committee meeting, to avoid presenting clashing views.
[08] ND leader prepares for new party profile
Athens, 29/7/1997 (ANA)
Main opposition New Democracy (ND) party must present a new
political profile after the summer, its leader Costas Karamanlis
said yesterday.
At a meeting to discuss the party's action plan starting in
September, Mr. Karamanlis said the party should show it is
prepared to deal with the government's policies and present a
new alternative to it.
According to party sources, the ND leader will present his
proposals for the economy during the annual Thessaloniki
International Fair, taking place early in September. The fair is
traditionally the venue for the ruling party's policy speech on
the economy for the coming year.
[09] Greece's new ambassador to Italy presents credentials
Rome, 29/7/1997 (ANA - L. Hatzikyriakos)
Greece's new Ambassador to Italy Alexandros Sandis was received
by Italian President Oscar Luigi Scalfaro at the Quirinale
Presidential Mansion yesterday and delivered his credentials to
him.
Private talks held after the relevant ceremony focused on
references to close and traditional ties between the two
countries, while Mr. Sandis also took the opportunity to brief
President Scalfaro on recent developments in Greek-Turkish
relations and the Cyprus issue.
[10] Greek envoy submits memorandum to US Gov't on Turkish violations
Athens, 29/7/1997 (ANA)
Greece's Ambassador in Washington has submitted a memorandum to
the US government setting out in detail the latest spate of
violations by Turkish warplanes of Greek airspace over the
Aegean, government spokesman Dimitris Reppas said yesterday.
Confirming press reports of the memorandum, Mr. Reppas said it
clearly stated Greece's position that "such phenomena not only
fail to help but upset the climate which is being aspired to
following the Madrid communiqui".
He was referring to the joint communiqui signed by Prime
Minister Costas Simitis and Turkish President Suleyman Demirel
early this month on the sidelines of the recent NATO summit in
Madrid, defining the principles which should govern
Greek-Turkish relations.
"These phenomena (violations) may be sporadic but they must
stop," Mr. Reppas said, clarifying that similar memorandums had
not been submitted to other countries.
[11] ND objections
Athens, 29/7/1997 (ANA)
Main opposition New Democracy party spokesman Aris
Spiliotopoulos expressed his party's objections yesterday to the
memorandum.
"The statement by the government spokesman concerning
memorandums to the United States every time Greek airspace is
violated by Turkish warplanes created a sore impression.
Statements of such a kind can easily be misinterpreted since
they are not compatible with the country's independence and
sovereignty," Mr. Spiliotopoulos said.
[12] President Clinton meets prominent Greek-American
Sacramento, 29/7/1997 (ANA-T. Ellis)
US President Bill Clinton met with Angelo Tsakopoulos, a
Greek-American who is a prominent member of the Democratic
Party, at a summit for the future of Lake Tahoe, in northern
California.
Mr. Tsakopoulos discussed current developments in relations
between Greece, the United States, Cyprus and Turkey with the
president.
He also gave the US president a letter on his views concerning
the Madrid communiqui, signed between Greek and Turkish leaders
at a NATO summit nearly two weeks ago, and Cyprus.
In his letter, Mr. Tsakopoulos refers to Greece's role in Balkan
peace and stability, and Athens' support in Turkey's interest in
becoming a European Union (EU) member.
He also said that Ankara's aggressive policy is encouraged by US
arms supplies to Turkey, who uses them to threaten Greece and
Cyprus, and called on President Clinton to convince Turkey to
give up its aggressive policy, which would help promote her ac
cession to the EU.
[13] Chief of Staff addresses 'Athena '97 Crisis Handling' seminar
Athens, 29/7/1997 (ANA)
Greece's military chief said yesterday that respect for
international law, treaties and human rights should serve as an
important means of communication and co-operation between
countries.
"Dedication to the principles of consistency and respect for
international laws, agreements and treaties, respect for human
rights and the preservation and promotion of democratic ideals
and values constitute the main means of communication and
cooperation between countries, and through this co-operation we
shall be able to help other countries either avoid a possible
crisis or, if they have already become embroiled, to revert to a
situation of peace," General (Air Force) Athanasios Tzoganis
said.
The chief of the National Defense General Staff made the
statement in an address to the seminar "Athena '97 Crisis
Handling", organized by the general staff within the framework
of the Joint Action for Peace initiative.
Mr. Tzoganis noted that much progress had been made regarding
the provision of assistance to "hot spots" following the
decisions of the competent international organizations, citing
in particular the cases of Bosnia and more recently, Albania.
While remarking that crises and disputes had not been reduced
world-wide "either in number or in cruelty", Mr. Tzoganis said
this should "encourage us to join forces in order to de-escalate
tension, resolve crises and even put an end to wars".
The Athena '97 seminar is the first of its kind to be held in a
NATO member state. Taking part are politicians and military
officials from Greece, Britain, Austria, Albania, Bulgaria,
Italy, Hungary, Holland, Poland, Romania, Armenia, Kazakhstan,
Georgia and the United States.
[14] Presentation in Winnipeg of the 'Athens 2004' Olympic Games
candidacy
Montreal, 29/7/1997 (ANA)
Presentation of the "Athens 2004" Olympic Games candidacy was
impressive in Winnipeg where the 34th Panamerican Sports Session
(PASO) was held on the occasion of the Panamerican Games to be
held in this city in 1999.
Representations from all five candidate cities for the 2004
Olympiad (Athens, Rome, Stockholm, Buenos Aires and Cape Town)
arrived in the Canadian city to present their candidacies during
their last joint appearance before September 5, when the members
of the International Olympics Committee will gather in Lausanne
to select the city which will host the 2004 Olympiad.
A message by IOC President Juan Antonio Samaranch was read
during the session and the presentations of the candidacies was
made in the presence of the Panamerican Games Executive
Committee, chaired by Mario Vasquez Rania from Mexico, while
representatives from all the countries of Latin, Central and
North America, as well as 10 IOC members, were also present.
The Greek representation was headed by "Athens 2004" candidacy
committee President Gianna Angelopoulou-Daskalaki who presented
plenty of audiovisual material concerning the Greek capital's
candidacy and drew favorable comments from those present.
At the end of the presentation, sports officials from countries
on the American continent congratulated Ms Angelopoulou and
spoke positively of "the degree of Athens' readiness, both with
regard to sports installations and major infrastructure works."
[15] IOC members briefed on Greece's Olympics bid
Athens, 29/7/1997 (ANA)
Three more permanent members of the International Olympics
Committee (IOC) are paying an official visit to Athens as of
yesterday to be briefed on the candidacy of Athens for hosting
the Olympic Games in 2004.
They are Valery Borzov from Ukraine, Anani Mathia from Togo and
Louis Giradou N'diaye from Ivory Coast.
Meanwhile, IOC member Alexandru Siperko from Romania is
continuing his visit to Greece. Mr. Siperko visited Delphi on
Sunday and Ancient Olympia yesterday.
In another development, Communist Party of Greece (KKE)
Secretary General Aleka Papariga will visit the headquarters of
the "Athens 2004" candidacy committee at the Zappeion Mansion at
5 p.m. today, accompanied by party cadres, for a briefing on the
course of the Greek candidacy for the 2004 Olympiad.
[16] Balkan university network set up to promote friendship
Athens, 29/7/1997 (ANA)
Twenty universities of the Balkans set up the 'Haemos'
University Network to promote co-operation and friendship
between countries facing radical socioeconomic changes, the
University of Thrace announced yesterday.
Founding members include universities from Albania, Serbia, the
Former Yugoslav Republic of Macedonia (FYROM), Slovenia,
Bulgaria, Romania, Turkey, the Ukraine and Russia.
Greek universities participating in the network besides the one
in Thrace include the universities of Ioannina, Thessaloniki,
and Macedonia.
Membership to the network is open to universities from Europe in
general as associate members. The network also hopes to
contribute to the work of the Association of European
Universities.
[17] Olympics Windsurfing gold medallist to begin Aegean Sea crossing
Athens, 29/7/1997 (ANA)
Development Minister Vasso Papandreou will inaugurate the
crossing of the Aegean Sea by Greek Atlanta Olympics Windsurfing
gold medallist Nikos Kaklamanakis under the Temple of Neptune at
Sounion at 11.30 tomorrow morning.
Following close co-operation with the National Meteorological
Service (EMY), Kaklamanakis decided to start his effort tomorrow
since the northerly winds he hoped for are already blowing in
the Aegean Sea.
The program anticipates the coverage of 120 nautical miles from
Sounion to Amoudi beach on the island of Santorini on the first
day. Kaklamanakis and the group following him, three mechanized
security boats and a Greek Navy ship, will stay in Santorini
tomorrow night as guests of the local authorities before setting
out for Iraklion, Crete, on Thursday morning. The termination
will take place on the same day on Karterou beach.
Ms Papandreou will welcome Kaklamanakis in Crete, while on the
night of the same day she will attend an event at the
prefectural offices organized in his honor.
The whole effort has received widespread international coverage,
resulting in the country's name being heard once again all over
the world. Four foreign journalists were due to arrive in Greece
yesterday, while the effort will receive close coverage by all
Greek TV crews as well as by many foreign correspondents who are
already in the country.
[18] Woman to testify over shooting death of Greek priest
Athens, 29/7/1997 (ANA)
A 42-year-old woman who shot to death a Greek Orthodox priest
last week will testify before a special investigator this
morning.
Katerina Giannakopoulou, 42, was charged with the shooting death
of archimandrite Anthimos Eleftheriadis, 59, in Nea Smyrni on
Tuesday and illegal possession and use of arms.
In statements to the police, Giannakopoulou said she had had an
affair with the priest since 1989, and he began taking advantage
of her financially in 1991. She told the police she had handed
over a total of 25,000,000 drachmas by the time he was posted to
London.
Their estrangement began in 1996, when he returned to vote and
pretended he did not recognize her, she said, and following a
show-down meeting at his house she decided to kill him.
Giannakopoulou, married and the mother of a 17-year-old boy,
said that she had provided the police with taped phone
conversations with the priest.
[19] Former premier files suit against daily 'Athinaiki'
Athens, 29/7/1997 (ANA)
Constantine Mitsotakis, honorary president of main opposition
party New Democracy (ND) and former prime minister, yesterday
filed a libel suit against daily "Athinaiki" and its publisher,
journalist Spyros Karatzaferis, asking for 2 billion drachmas in
damages.
Mr. Mitsotakis filed the suit following a series of articles
starting July 17 which alleged that he was bribed with at least
12 billion drachmas to push through the sale of cement company
AGET-Heracles to Italian conglomerate Calcestruzzi during his
term as prime minister.
In statements, Mr. Mitsotakis said the sale was carried out
entirely transparently and legally, benefiting Greek economy. As
proof he cited the fact that the agreement was completed during
PASOK's term in power.
In his suit, Mr. Mitsotakis has filed a claim for 2 billion
drachmas in damages and a court injunction that if the
defendants don't observe the court decision, they pay out one
million drachmas every time they repeat similar reports.
[20] Serres police bust drug trafficking ring
Athens, 29/7/1997 (ANA)
A soldier from Athens is involved in a drug trafficking ring
broken up by security police in Serres, northern Greece.
The soldier was identified as Costas Fotodimos, 20, who was
serving at a unit on Syros and had come to Athens on leave.
Fotodimos and his two accomplices Antonis Ziogas, 30, and
Panayiotis Metaxas, 35, were arrested close to the border with
Bulgaria while they were receiving 21 kg of high-grade hashish
from Bulgarian national Mihail Georgiev, 34, who had entered
Greece illegally from a mountain crossing.
The three Greeks, riding in two cars, drew the attention of
police while they were awaiting Georgiev who followed them and
arrested them shortly after the handover.
Ziogas, who was driving one of the cars carrying the hashish
which was packed in three bags, started throwing the quantity
into the street when he noticed that police in patrol cars were
on his trail. The cars and the hashish were confiscated, while
the four arrested men were brought before a prosecutor in
Serres.
[21] Premier confers with justice minister
Athens, 29/7/1997 (ANA)
Prime Minister Costas Simitis held consecutive meetings with
Justice Minister Evangelos Yiannopoulos and Agriculture
Under-secretary Christos Sotirlis yesterday.
In a statement afterwards, Mr. Yiannopoulos said "I briefed the
Prime Minister on all the issues concerning the ministry and
specifically issues regarding prisons and courts of law, as well
as on issues pertaining to the restructuring of Justice and the
reorganization of its mechanisms."
The question of municipal elections due to take place in autumn
next year was also discussed. Commenting on the name of the
ruling PASOK party's mayoral candidate for Athens, Mr.
Yiannopoulos said it is still early for candidates to exist.
[22] Ministry meeting to discuss impact of rising US dollar
Athens, 29/7/1997 (ANA)
The repercussions which the frenzied increase in the United
States dollar will have on inflation in Greece and in general
the need to restrain inflation this year will be examined at a
meeting at the National Economy Ministry today.
The meeting will be attended by National Economy and Finance
Minister Yiannos Papantoniou, Commerce Under-secretary Mihalis
Chrysohoidis and a representative of the Statistical Service.
Proposals will also be discussed to decrease consumption tax for
fuel since fuel prices are adversely affected by the increase in
the dollar parity and aggravate inflation.
The initial results of a study prepared by the Statistical
Service will be examined on the possibility of curbing certain
taxes in favor of third parties which also burden the prices of
products and primarily foodstuffs.
Lastly, instructions will be given on activating the Competition
Committee on specific cases where high prices are observed,
primarily for foodstuffs.
[23] Ministers to discuss measures to improve flow of public transport
Athens, 29/7/1997 (ANA)
Several ministers will hold a meeting on Thursday to discuss
measures aimed at improving the flow of public transport in
cities, particularly Athens.
Although the initiative for the meeting belongs to Transport and
Communications Minister Haris Kastanidis, it is in effect being
held on the instructions of Prime Minister Costas Simitis, who
was briefed by the minister last week.
At the meeting with the premier, Mr. Kastanidis set out the
problems associated with urban transport which, he underlined,
were mainly due to extraneous factors such as the slow flow of
vehicles in heavy traffic at peak hours and snarl-ups caused by
ongoing major infrastructure works.
In addition to Mr. Kastanidis, Thursday's meeting will be
attended by Environment, Town Planning and Public Works Minister
Costas Laliotis and Public Order Minister George Romeos.
[24] Greek central bank to hold FRN auction Tuesday
Athens, 29/7/1997 (ANA)
Greece's central bank will auction 125 billion drachmas' worth
of seven-year drachma floating rate notes (FRNs) today in
electronic form, the finance ministry said in a statement
yesterday.
The FRNs, for issue on July 31, will have a yield of 10.40
percent in the first interest-bearing period (31.7.97-31.7.98),
which represents a base rate of 9.60 percent plus a margin of
0.80 percent, the ministry said.
For interest-bearing periods until expiry the rate will
correspond to that on 12-month treasury bills in force three
working days before the start of the period, plus an upper
margin.
The Bank of Greece will use a competitive bid arrangement to
tender the FRNs, the statement said.
[25] Dollar ends at Dr 288.4, sets fifth straight record
Athens, 29/7/1997 (ANA)
The US dollar yesterday maintained its unbridled ascent on
Greece's domestic foreign exchange market in line with its jump
on world markets, setting an all- time high for the fifth
straight day.
The US currency finished at 288.40 drachmas at the central
bank's daily fix from 286.60 on Friday, up 0.63 percent.
Commercial banks will be selling the greenback at 292.726
drachmas today.
The dollar has gained 2.27 percent, or 6.4 drachmas on the
drachma since last Tuesday when it began its frenzied rise, and
16.5 percent from the beginning of 1997.
[26] Greek equities stay buoyant, hold 1,600-point resistance
Athens, 29/7/1997 (ANA)
Greek stocks finished 1.38 percent higher in moderate-to-active
trade yesterday, holding resistance at 1,600 points with ease
after retaking the key level at the end of last week for the
first time in nine sessions. The Athens general share index
ended higher at 1,623.44 points, but the parallel market for
smaller cap stocks remained cautious, finishing 0.33 percent
down. Turnover edged up to 18.9 billion drachmas from 15.3
billion on Friday.
Sector indices rose across the board, except construction, which
ended flat. Banks jumped 2.07 percent, Leasing crept up 0.44
percent, Insurance leapt 2.15 percent, Investment increased 1.73
percent, Industrials rose 0.70 percent, Holding soared 3.86
percent, and Miscellaneous gained 1.65 percent.
The dollar set an all-time high against the drachma for the
fifth straight day in Greece's domestic foreign exchange market,
finishing at 288.40 drachmas at the central bank's daily fix.
Advances outstripped declines at 126 to 82 with 26 shares
remaining unchanged of 234 stocks traded.
The day's highest percentage gainers were Spyrou Agricultural,
Ionian Bank, National Housing Bank (common), Dimitriadis and
Bank of Athens (preferred). The biggest losers were Mouriadis,
Parnassos, Klaoudatos and Boutaris (preferred).
Among blue chips National Bank of Greece finished at 37,850
drachmas, Ergobank at 17,700, Alpha Credit Bank at 20,395, Delta
Dairies (common) at 3,460, Hellenic Bottling at 10,400, Titan
(common) at 15,200, Intracom (common) at 13,205, and Aluminium
de Grece (common) at 18,500 drachmas.
State-run Hellenic Telecommunications Organization finished at
6,380 drachmas.
[27] EU raps Greece over air pollution, food
Brussels, 29/7/1997 (Reuter/ANA/G.Daratos)
The European Union will take Greece to the European Court of
Justice for failing to curb air pollution caused by vehicle
emissions, the EU's Commission said in a statement released
yesterday.
An EU directive calling for measures to curtail emissions should
have been implemented in 1994, the Commission said.
It also will start infringement proceedings against Greece
following complaints it has restricted the free movement of
medicinal products.
The government will be sent a reasoned opinion, the second stage
of the infringement process.
If the Commission receives no satisfactory reply to its queries
within two months, Greece may be taken to the Court of Justice.
In another tussle, the Commission will send the government a
reasoned opinion on adapting food legislation to EU directives
on food hygiene and plastic materials coming into contact with
foodstuffs.
[28] Greek telecom chief to FYROM for privatization brief
Athens, 29/7/1997 (ANA)
Hellenic Telecommunications Organization (OTE) President
Dimitris Papoulias is visiting the Former Yugoslav Republic of
Macedonia (FYROM) for talks with government ministers and his
counterpart, the general director of FYROM's telecom, Rasto
Mikov.
The visit is expected to provide an opportunity for Mr.
Papoulias to be briefed in detail on privatization of FYROM's
state telecom.
[29] Meeting in Alexandroupolis on creation of international trade
center
Athens, 29/7/1997 (ANA)
A meeting was held in the municipality of Alexandroupolis on the
creation of an International Trade Center at the initiative of
National Economy Secretary-General Apostolos Fotiadis.
Among others, the meeting was attended by the President of the
Greek Overseas Trade Organization Yiannis Tzen, the Prefect of
Evros Mr. Dolios, the founder of the IMC of Cyprus
(International Wholesale Trade Center) Mr. Kaisis, as well as by
businessmen from Cyprus and the region.
Mr. Fotiadis made an analytical presentation of infrastructure
works being carried out in the region and stressed that the
government's interest is turned towards Thrace. Greek Overseas
Trade Organization President Mr. Tzen said an international
trade center, similar to that of Cyprus, can also be created in
Alexandroupolis, adding that activities can be developed there
in all the forms and parameters of international economic and
trade relations which focus, among others, on investments, joint
enterprises, services and tourism.
Mr. Kaisis made an analytical briefing on the way the IMC
operated in Cyprus, saying that he is ready to co-operate with
all bodies to achieve the target set. The total cost of the
investment is estimated at 100 million dollars.
[30] Xiosbank reports increased profits
Athens, 29/7/1997 (ANA)
Profits gained by Xiosbank have amounted to 2,100 million
drachmas in the first half of the year, registering an increase
of 110 per cent compared to the corresponding period last year.
On the basis of this trend, the bank expects to exceed initial
predictions of profits amounting to 2,700 million drachmas in
1997. According to an announcement by the bank, the increase in
the profits of Xiosbank is the result of a considerable
enlargement of its loan treasury which was funded by
ever-increasing deposits.
In the first half of the current fiscal year, the bank's total
loans amounted to 127,345 million drachmas, registering an
increase of 41.19 per cent in relation to the corresponding
period in 1996, while deposits over the same period increased by
51.19 per cent and reached 174,615 million drachmas.
The main business credit interest rate for the current week
remains unchanged at 17.50 per cent, while for the same period
the XiosAlma account offers an annual yield of 10.47 per cent
and a monthly payment of interest.
End of English language section.
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