Athens News Agency: Daily News Bulletin in English, 97-08-28
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No 1274), August 28, 1997
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] Rome backtracks on Dini statements over Cyprus
[02] Government spokesman
[03] ND statements
[04] Cyprus reactions
[05] Ankara satisfied after Dini-Cem meeting
[06] Clerides Gov't the only legal one on Cyprus, US says
[07] Holbrooke on Cyprus
[08] Edirne prefecture to invite Greek prefects
[09] Israel reacts to Pangalos statements
[10] Gov't cites ND difference over joint defense doctrine
[11] Gligorov rejects reports of compromise name
[12] Tsohatzopoulos to meet with US Congressmen
[13] Foundation of Hellenic Culture acquires new status
[14] Debate continues over controversial education reform bill
[15] Simitis meets with Poos today
[16] Venizelos in Japan
[17] Constantopoulos arrives in Albania
[18] New South Wales premier in Athens
[19] Two quakes shake Dodecanese islands
[20] Simitis, Papantoniou confer on '98 budget targets
[21] Sugar industry reviews production, management procedures
[22] Gov't optimistic over Softex sale
[23] Greek exports to Tunisia increase by 23.2 per cent
[24] Elliniki Technodomiki
[25] Battered stocks driven down by banks, lose 1.53 pct
[26] Greek business development plan absorbs 176 bln in funds
[27] Greek workers to stage nationwide strike Oct. 23
[28] Greece drafts law to combat loan sharks
[29] EBEA calls on Gov't not to miss out on EMU
[30] Bank of Attica issue
[31] Business mission to Slovenia
[32] Noted rebetika singer Bellou dies
[01] Rome backtracks on Dini statements over Cyprus
Athens, 28/08/1997 (ANA)
Italian Prime Minister Romano Prodi reaffirmed yesterday that a
solution to the protracted Cyprus problem should be based on
United Nations resolutions.
According to a statement released by the Italian prime
minister's office in Rome, Mr. Prodi had a telephone
conversation with Prime Minister Costas Simitis, in which both
men "expressed their common concern on the Cyprus problem, and
on this matter the Italian premier underlined that the solution
to this problem should be based on resolutions adopted by the
United Nations."
"The two sides will take actions in order that the European
Union can proceed, on this basis, in view of negotiations for
the island's (Cyprus) accession to the EU," the Italian
statement added.
"The two interlocutors reaffirmed the deep-seated sentiments of
friendship and the wish for a stable co-operation between the
two countries, citing on this issue the positive common
experience in the framework of the multinational force in
Albania," the statement also read.
On Tuesday, Italian Foreign Minister Lamberto Dini was reported
as saying, after talks with Turkish Foreign Minister Ismail Cem
in Rome, that in Cyprus "there existed two governments and two
entities".
Mr. Dini was also reported as saying that the question "is to
see whether in negotiations with the EU, these two entities are
recognized as equal".
The Italian foreign minister's statements provoked a sharp
reaction from Athens, which asked clarifications on what it
called "outrageous" statements, saying late Tuesday evening that
if Mr. Dini's statements were exact "a major issue between the
two countries arises".
Earlier yesterday, the Italian foreign ministry issued a
statement saying that Italy recognizes only the Republic of
Cyprus.
The statement "reconfirms that on the issue of the start of
negotiations for Cyprus' accession to the EU, Foreign Minister
Lamberto Dini stated that they should constitute a positive
element in the search for a political agreement, which would be
to the benefit of both communities on the island".
It also notes that "in its international relations, Italy, along
with other EU countries, only recognizes the Republic of Cyprus".
An AFP dispatch from Rome yesterday quoted an Italian foreign
ministry spokesman as saying that Italy had not changed its
position on the Cyprus problem. The spokesman added Mr. Dini had
spoken only of "two entities."
"There are two communities and the negotiations, which are to
start on Cyprus' accession to the EU, offer an opportunity to
settle the current situation," the spokesman added.
[02] Government spokesman
Athens, 28/08/1997 (ANA)
In his daily press briefing yesterday, government spokesman
Dimitris Reppas said that Prime Minister Simitis had called his
Italian counterpart to express his displeasure over the Dini
statements.
Athens has called for the retraction of the statements at the
highest diplomatic level, Mr. Reppas said, adding that there may
be a statement from the Italian premier within the day.
He indicated, however, that the statement by the Italian foreign
ministry had gone some way in appeasing Athens.
Mr. Dini's statements, Mr. Reppas said, were far from reflecting
the decisions taken by the competent European Union bodies.
The spokesman reiterated that Greece regarded the Cyprus issue
and the island republic's accession to the EU as crucial issues
for Greek foreign policy.
"Greek-Italian relations would go through a crisis if Italy
followed a policy that opposed the European Union policy on the
issue," Mr. Reppas said.
In reply to press questions, the spokesman said that Cyprus'
accession course was not in dispute and that the EU decisions on
the issue would be implemented.
The Cypriot government has a standing position that Turkish
Cypriots should be represented at accession procedures as part
of the Cypriot representation, Mr. Reppas said, and said those
continually bringing up the issue were "breaking down unlocked
door s". Meanwhile, the Luxembourg EU presidency on Tuesday
reiterated the European Union's firm position on the Cyprus-EU
accession talks and branded Turkish Cypriot leader Rauf
Denktash's position on the issue "unacceptable".
On his part, Alternate Foreign Minister George Papandreou
described as "provocative and unacceptable" the Dini statements.
Speaking in Parliament, Mr. Papandreou said Mr. Dini's
statements were "completely contrary to EU decisions" and
created "a major problem for Rome's relations with the
Community".
Mr. Papandreou stressed that the EU's positions on the Cyprus
problem were "crystal clear" and that Greece was awaiting
clarifications and explanations from Italy regarding Dini's
statements "so that there will be no serious problems in our
bilateral relations".
Mr. Papandreou also dismissed as "ludicrous" statements by Mr.
Denktash, who threatened war if Cyprus joined the EU.
"(Denktash's statements) illustrate the weakness of Turkey's
strategy on the Cyprus issue," he added.
"Turkey has adopted a position which is unacceptable to the
international community," he said, while expressing the hope
that Ankara would realize "the road which it has chosen leads to
a dead end".
[03] ND statements
Nicosia, 28/08/1997 (ANA - A. Panagopoulos)
Main opposition New Democracy party leader Costas Karamanlis,
who yesterday wound up his visit to Cyprus, said after meeting
with Cypriot Speaker of the House of Representatives Spyros
Kyprianou that Mr. Dini's reference to "two governments" in
Cyprus was "unacceptable".
"I hope this position of Mr. Dini is due to incomplete knowledge
or ignorance (of facts)," he said.
[04] Cyprus reactions
Nicosia, 28/08/1997 (ANA/CNA)
President Glafcos Clerides has expressed the view there has been
a misunderstanding from Italian FM Lamberto Dini statement.
Cypriot Foreign Minister Ioannis Kassoulides called on Italy's
charge d' affaires to Cyprus, Rafaelle de Benedictis, early
yesterday afternoon and requested clarifications on Mr. Dini's
statements.
Asked after an hour-long meeting with Mr. Kassoulides if there
was a misunderstanding from Mr. Dini's statement, the Italian
official said "the minister never talked about recognition of
the Turkish Cypriot community as a state and there is a
misunderstanding in the wording, as it was reported by the
media".
Mr. de Benedictis added that this comes out from a press release
the Italian foreign ministry circulated earlier yesterday and a
second press release after the telephone call later between the
premiers of Greece and Italy.
"There is no change in the Italian position on that," he added,
stressing "of course, we recognize only the government of
Cyprus".
The Italian charge d' affaires also said the press release
issued yesterday was "quite clear" and noted it "explains that
there is no change from the Italian side".
Replying to a question about the accession talks Cyprus will
begin early next year with the European Union (EU), Mr. de
Benedictis said "the main message was that during the meeting he
made it clear and he recommended Turkey to push Cyprus in favor
of the accession to the European Union".
"What I mean by this is that Italy is supporting Cyprus starting
the negotiations according to the European Union's Council
decisions. And this is the type of message that Mr. Dini wanted
to give", he added.
The Italian official reiterated it was made "clear to Minister
Kassoulides and to all the government that there is no new
Italian position and I think that it is also clear that Italy is
especially close to Cyprus and it is pressing for the accession
talks with the EU".
Speaking to the press before the meeting between Mr. Kassoulides
and Mr. de Benedictis, President Clerides said the
clarifications given by the Italian foreign ministry were "very
clear" and expressed the view the whole issue was a
"misunderstanding".
What the Cyprus government expects to hear, he added, is why
those statements were made.
[05] Ankara satisfied after Dini-Cem meeting
Istanbul, 28/08/1997 (ANA - A.Kourkoulas)
Ankara expressed satisfaction over a meeting in Rome between
Turkish Foreign Minister Ismail Cem and his Italian counterpart
Lamberto Dini, but appeared cautious and restrained regarding
the latter's statements, which sparked strong criticism in
Athens and Nicosia. "The statements attributed to the Italian
government appear realistic. These thoughts are correct," a
Turkish foreign ministry representative told reporters regarding
the statements in question.
Earlier in the day, Mr. Cem said his Italian counterpart's
statements were "positive," but expanded mainly on relations
between Turkey and the European Union, making very little
reference to the controversial Dini statements.
[06] Clerides Gov't the only legal one on Cyprus, US says
Washington, 28/08/1997 (ANA - T. Ellis)
The United States recognizes only the government of Cyprus
Republic President Glafcos Clerides as the only legal government
in Cyprus, US State Department spokesman James Rubin said
yesterday.
"The United States recognizes the government of Nicosia as the
legal government of Cyprus. Despite this, we are keeping touch
with both Greek Cypriot and Turkish Cypriot leaders," the
spokesman said.
He declined comment on the process of Cyprus' accession to the
European Union (EU), saying that this was entirely an EU issue.
"The EU leaders have worked to guarantee that both the Turkish
Cypriot and the Greek Cypriot community can participate in the
accession process. We welcome and encourage such efforts," he
added.
[07] Holbrooke on Cyprus
Nicosia, 28/08/1997 (ANA - G. Leonidas)
Special US presidential emissary for Cyprus Richard Holbrooke
said yesterday that Washington wants to make every effort to
solve what he called the "complicated" Cyprus problem.
Speaking to a US radio network, and in answer to a question on
Turkish Cypriot Rauf Denktash's threats of war if the island
republic is admitted into the European Union, Mr. Holbrooke said
he didn't think Mr. Denktash "went that far in his statement."
He reiterated his intention to visit the area late this year.
[08] Edirne prefecture to invite Greek prefects
Istanbul, 28/08/1997 (ANA)
The Edirne prefecture in Turkey plans to officially invite the
cross-border prefects from the Evros and Rodopi to a meeting in
October focusing on improved inter-border co-operation, the
Turkish news agency Anadolu reported yesterday.
The invitation plans, approved by the Turkish foreign ministry,
follow a visit to Greece two months ago by the Edirne Commerce
and Industry Chamber.
[09] Israel reacts to Pangalos statements
Athens, 28/08/1997 (ANA)
The Israeli foreign ministry yesterday reacted strongly
regarding comments by Foreign Minister Theodoros Pangalos,
following his meeting with Arab League Secretary-General Abdel
Meguid on Monday.
That meeting covered the Middle East situation and Greece's
relations with the Arab world.
Referring to the Israeli-Palestinian peace process, Mr. Pangalos
said that he condemned terrorism, but that it was "also not
right to carry out reprisals against non-combatants".
The European Union, he added, had the means at its disposal to
exert pressure on Israel and "should use it".
Israel said the Greek foreign minister's statements were
"unfortunate and detrimental to the peace process" and that it
was certain the statements did not reflect the positions of the
"overwhelming majority of European Union members".
"We completely and categorically reject these arguments," the
Israeli foreign ministry statement said.
"Mr. Pangalos' statements reflect a one-sided view and are
incompatible with Greece's expressed willingness and intention
to contribute to the peace process."
The measures taken after the "criminal terrorist act" at the
Mahane Yehuda market in Jerusalem on July 30 - in which 15
people were ripped apart in a suicide bomb attack - "were
necessary for the protection of non-combatants from other
terrorist action s" and were not aimed at harming the civilian
population nor at undermining the authority of the Palestinian
Authority, the statement added.
[10] Gov't cites ND difference over joint defense doctrine
Athens, 28/08/1997 (ANA)
Government spokesman Dimitris Reppas yesterday said that there
was a disagreement between the government and the main
opposition New Democracy party regarding policy over the joint
defense doctrine between Greece and Cyprus.
He said this disagreement should not be portrayed as crucial
party opposition, especially since the parties agree to a large
extent on current Greek policy regarding the Cyprus issue.
Mr. Reppas said the joint defense doctrine was contributing much
to the common cause between Greece and Cyprus.
Turning to Turkish Cypriot threats regarding the placement of
Russian-made S-300 anti-aircraft missiles by the Cypriot
government, Mr. Reppas said that the Cyprus government's
decision would not be affected by such threats.
The spokesman further dismissed a Turkish Cypriot press report
alleging that Greece had agreed to the purchase of the same
Russian-made weapons systems.
[11] Gligorov rejects reports of compromise name
Belgrade, 28/08/1997 (ANA - M. Mouratidis)
A compromise solution of adopting the name 'Novamakentonia' for
the Former Yugoslav Republic of Macedonia (FYROM) is not
acceptable, having been proposed during the tenure of the
Mitsotakis government in Greece and been rejected, FYROM
President Kiro Gligorov told the 'Ekonomska Politika' magazine
recently.
"The granting of a name to a country by way of a decision of the
UN Security Council would be a phenomenal and unprecedented act
for a people," Mr. Gligorov said.
Referring to the continued occasional use of the ancient
Macedonian symbol of the Vergina Sun by several
ultra-nationalists in FYROM, he said the "Macedonian"
inhabitants of the country should "not be bound by hypotheses
that they are direct descendants of Alexander the Great."
He did, however, express doubts that the symbol was discovered
on a sarcophagus at Vergina.
[12] Tsohatzopoulos to meet with US Congressmen
Athens, 28/08/1997 (ANA)
National Defense Minister Akis Tsohatzopoulos will meet today
with members of a delegation from the US Congress visiting
Greece.
The Congressmen are Michael Bilirakis, Randy Cunningham, Ron
Klink, John L. LaFalce, Dan Schaefer and Michael Pappas.
[13] Foundation of Hellenic Culture acquires new status
Athens, 28/08/1997 (ANA)
Parliament passed a bill yesterday granting the Foundation of
Hellenic Culture a status comparable to the British Council and
the Goethe Institut.
The bill was supported by all wings in Parliament, where
Alternate Foreign Minister George Papandreou said the foundation
would "become the main agency of the Greek state for realizing
Greece's cultural policy overseas while also promoting the Greek
language".
The foundation was founded by 38 well-known Greeks in 1992 under
the aegis of the president of the republic and the supervision
of the foreign ministry.
[14] Debate continues over controversial education reform bill
Athens, 28/08/1997 (ANA)
A certain rapprochement of views between the ministry of
education and teachers was noted during yesterday's
Parliamentary committee hearings on the controversial
educational reform bill, regarding the issue of substitute
teachers in public schools.
Education Minister Gerassimos Arsenis said he was open to
dialogue, and prepared to adopt a broad interpretation of the
articles of the bill to take account of teachers' views, as well
as certain modifications, but was insistent the bill will be
voted through next week.
Main opposition New Democracy deputy Ioannis Varvitsiotis said a
basic condition for the abolition of the system of teaching
appointments was the establishment of a fully meritocratic
system, which however, could not be discerned through the
minister's announcements.
Teachers' Union (OLME) President Nikos Tsoulias expressed
opposition to the abolition of the system of teaching
appointments in state schools based on seniority of graduation,
and said teachers would soon decide whether to resort to strike
action.
Parents' union representatives, on the contrary, expressed
concern whether schools will open as scheduled, and expressed
support for the abolition of the system of teaching
appointments, which they described as anachronistic.
[15] Simitis meets with Poos today
Athens, 28/08/1997 (ANA)
Prime Minister Costas Simitis will have talks today with the
current president of the European Union, Luxembourg Prime
Minister Jacques Poos. Mr. Poos is visiting Greece in the
framework of a tour of European Union capitals.
Mr. Simitis is also due to have talks with Public Order Minister
George Romeos, Macedonia-Thrace Minister Philippos Petsalnikos
and Interior and Public Administration Under-secretary Tassos
Mantelis.
Also on Mr. Simitis' agenda today is a meeting with the
presidency of the Northern Greece Association of Greek
Industries.
The meeting will take place in view of Mr. Simitis' visit to the
Thessaloniki International Fair where he will outline the
targets of the government's economic policy for 1998.
On Friday, Mr. Simitis will chair a Cabinet meeting on Balkan
policy.
[16] Venizelos in Japan
Athens, 28/08/1997 (ANA)
On the first day of his official visit to Japan yesterday,
Culture Minister Evangelos Venizelos yesterday met former prime
minister Toshiro Kaifu, president of a committee organizing
Japan's participation in events for the Thessaloniki Cultural
Capital.
[17] Constantopoulos arrives in Albania
Gjirokaster, 28/08/1997 (ANA - P. Barkas)
A Coalition of the Left (Synaspismos) delegation, headed by
party leader Nikos Constantopoulos, yesterday began a three-day
visit to Albania at the invitation of the country's Socialist
Party.
Mr. Constantopoulos said upon arrival at the airport today that
"Greece has a lot to offer in the struggle for life, in which
Albania is engaged for its reconstruction and its position in
Europe".
Socialist Party secretary Pantelis Maikos described the
Synaspismos leader as a "symbol of good relations between the
two countries".
The two politicians stressed that these relations ought to be
promoted independently of political and ideological positions.
Mr. Constantopoulos will also have meetings with new Albanian
President Rexhep Mejdani, Prime Minister Fatos Nano, party
leaders and representatives of the ethnic Greek minority.
[18] New South Wales premier in Athens
Athens, 28/08/1997 (ANA)
The premier of the Australian state of New South Wales, Bob
Carr, will visit Greece on Sept. 3 for talks with Culture
Minister Evangelos Venizelos and Athens Mayor Dimitris
Avramopoulos, an Australian embassy announcement said yesterday.
New South Wales is the most populous state of Australia and its
capital, Sydney, will host the 2000 Olympic Games.
[19] Two quakes shake Dodecanese islands
Athens, 28/08/1997 (ANA)
Two earthquakes shook the Dodecanese islands early yesterday but
police said there were no immediate reports of damage or
injuries.
The first earthquake, measuring 5.3 on the Richter scale, was
recorded at 06.50 local time with an epicenter 330 kilometers
southeast of the Greek capital in the sea south of the island of
Kos.
Seismologists at Thessaloniki University said a second quake,
again measuring 5.3 on the Richter scale, was recorded, at 09.57
with the same epicenter.
Speaking to the ANA on the sidelines of the ongoing World
Seismology Conference in Thessaloniki, Professor Vassilis
Papazachos said the tremors were surface quakes. "The fact that
both quakes were of the same strength makes us somewhat
cautious. It would be better to wait and see how the phenomenon
develops," he said.
[20] Simitis, Papantoniou confer on '98 budget targets
Athens, 28/08/1997 (ANA)
Prime Minister Costas Simitis held talks yesterday with National
Economy and Finance Minister Yiannos Papantoniou on the course
of the economy, execution of the 1997 state budget and economic
targets for 1998.
The two men also discussed the main themes of a customary
state-of-the-economy speech Mr. Simitis is due to deliver at the
Thessaloniki International Fair next month. Also attending the
three-and-a-half hour meeting was the premier's economic
adviser, Tassos Yiannitsis.
Speaking to reporters after the meeting, Mr. Papantoniou said
1998 would be a crucial year for the Greek economy with respect
to the country's entry into the Economic and Monetary Union
(EMU).
Mr. Simitis' speech in Thessaloniki would be against this
background, Mr. Papantoniou said, adding that the speech will
set out the targets and outline the government's economic policy
for 1998.
"We must all look in the direction of (economic) convergence in
order to attain the targets," Mr. Papantoniou told reporters.
He declined to be drawn into comment on fiscal policy for 1998,
saying:
"The general framework will be determined by the prime minister
and I shall announce the specific elements of economic policy
when I table the budget."
Mr. Papantoniou stressed that bringing inflation down and
curtailing the public deficit remained the primary targets of
the government's economic policy.
Meanwhile, well-informed sources yesterday commented on Greece's
draft budget for 1998, predicting an inflation rate below 3 per
cent, a public deficit equal to 3.5 per cent of GDP, public debt
equal to 105 per cent of GDP and a 4 per cent growth rate.
The sources, revealing the content of the meeting between Mr.
Simitis and Mr. Papantoniou, said the main thrust of the
government's economic policy for 1998 would be continued cuts in
public spending, improving the standard of services by state-run
utilities and achieving a timely entry to the Economic and
Monetary Union.
The draft, which is to be debated in Parliament, foresees
continued cuts in public spending, more efficient tax collection
methods, the privatization of a number of public companies,
including the Piraeus Port Authority, Thessaloniki Airport, the
Olympic
Airway's subsidiaries, the Hellenic Post Offices (ELTA) and the
Athens Water and Sewage Co. (EYDAP).
[21] Sugar industry reviews production, management procedures
Athens, 28/08/1997 (ANA)
Hellenic Sugar Industry (HSI) board members attended a meeting
at the agriculture ministry yesterday on problems of management
and sugar production. The state-owned HSI set as its main
priority the improvement of the raw product and a simultaneous
reduction in cost.
The HSI board proposed, among others, that production be
referred to in tons or unprocessed sugar rather than in
stremmata (10 stremmata=one hectare), in cultivation contracts.
It also proposed that the price quoted to sugarbeet producers
fluctuate depending to production percentages, rather than quote
a fixed price. Money to sugarbeet should not be given to the
producers in lump sums, but one month after delivery and then
only 90 per cent of it, turning over the remainder in during
February and March, the end of the trading period.
The Panhellenic Confederation of Agricultural Cooperatives
(PASEGES) disagreed on certain proposals, which they will have
to discuss again after informing sugarbeet producers of the
HSI's proposals.
[22] Gov't optimistic over Softex sale
Athens, 28/08/1997 (ANA)
Development ministry officials are optimistic regarding the sale
of the country's largest papermill, Softex, sources said
yesterday.
The same sources said there is both Greek and foreign interest
in the purchase.
Development Under-secretary Anna Diamantopoulou said a few days
ago that the first inquiry was made a few days ago, while the
deadline expires on Sept. 24. The privatization process of other
firms, Kerafina, MEL and Elefsis Bauxite is also reported to be
evolving.
Development Minister Vasso Papandreou has said claims by
creditor banks are causing delays in the whole process.
"There are problems with the banks, leading to major divergence
from the privatization program of certain businesses," she said,
adding that efforts were being made to minimize the delays.
She said the Business Restructuring Organization (OAE) has to
complete the privatization process for 20 ailing enterprises by
early 1998.
[23] Greek exports to Tunisia increase by 23.2 per cent
Athens, 28/08/1997 (ANA)
Greek exports to Tunisia recorded a 23.2 per cent increase last
year in relation to 1995, while imports from that country fell
by 35.5 per cent, according to data contained in the Association
of Exporters of Northern Greece's latest export bulletin.
Top of the list in Greek exports was cotton, while the import
list was headed by fuels.
In total, Greek exports to Tunisia amounted to ECU 48 million,
while imports did not exceed ECU 18 million.
Cotton exports were valued at ECU 11.4 million, followed by
cotton iron products, totaling 50 per cent of all exports.
[24] Elliniki Technodomiki
Athens, 28/08/1997 (ANA)
Elliniki Technodomiki presented a turnover increase of 58.1 per
cent for the first half of the year, reaching 14.5 billion
drachmas, as against 9.16 billion drachmas last year.
The construction company's profits showed a 9.6 per cent
increase, totaling 1.42 billion drachmas as against 1.29 billion
for the same period last year.
[25] Battered stocks driven down by banks, lose 1.53 pct
Athens, 28/08/1997 (ANA)
Greek equity prices yesterday came under renewed selling
pressure to end sharply lower on the Athens Stock Exchange,
reflecting heavy losses in the banking sector.
Traders said the market looked extremely volatile ahead of the
socialist government's final decisions on drafting next year's
budget.
Also creating nervousness was a vote on September 5 by the
International Olympic Committee on whether Athens would host the
2004 Olympic Games.
The general index ended 1.53 percent down at 1,541.99 points.
Banks fell 2.22 percent, Leasing was 0.77 percent up, Insurance
dropped 0.84 percent, Investment eased 0.92 percent, Industrials
fell 1.41 percent, Construction was 0.77 percent off, Holding
dropped 1.27 percent and Miscellaneous rose 0.79 percent.
The parallel market index for small cap companies fell 0.70
percent.
Trade was more active with turnover at 13 billion drachmas.
Broadly, decliners led advancers by 145 to 44 with another 26
issues unchanged.
Sysware, Lampsa Hotels, Lampropoulos and Xylemporia scored the
biggest percentage gains, while Fintexport, Etma, Korinth Spin
mills and Attica Bank suffered the heaviest losses of the day.
National Bank of Greece ended at 34,300 drachmas, Ergobank at
16,815, Alpha Credit Bank at 18,750, Delta Dairy at 3,945, Titan
Cement at 14,470, Intracom at 12,200 and OTE at 6,270.
In the domestic foreign exchange market the US dollar rose 0.31
percent against the drachma while the mark eased by 0.17 percent.
[26] Greek business development plan absorbs 176 bln in funds
Athens, 28/08/1997 (ANA)
The Industry Business Program, a project sponsored by the Greek
government, has absorbed 176 billion drachmas from the start of
the year until August 20, marking a 20.5 percent absorption rate
against nine percent at the end of 1996.
Development Minister Vasso Papandreou yesterday told a news
conference that in the three years from the start of the
program, 576 business projects and special investments totaling
488 billion drachmas had been promoted.
Ms. Papandreou said that the ministry had devised a new
initiative on a business network called clusters that would
encourage co-operation particularly among small and medium-sized
enterprises.
The project, budgeted at 11.7 billion drachmas, will cover 19
networks including 215 Greek businesses from the country's more
dynamic sectors of industry - foodstuffs, furniture, clothing,
advanced technology, informatics and jewelry.
The ministry is also sponsoring worker safety projects totaling
2.46 billion drachmas in 12 major industrial firms.
[27] Greek workers to stage nationwide strike Oct. 23
Athens, 28/08/1997 (ANA)
The General Workers Confederation of Greece (GSEE), the
country's largest umbrella trade union, has called a 24-hour
nationwide strike on October 23 to demand a rise in tax-free
income, index-linked taxation and measures to combat
unemployment.
GSSE is also expected to start the process of signing a new
collective pay agreement with employers.
Speaking during a board meeting yesterday, the union's chairman
Christos Polyzogopoulos announced the union's annual congress
would be held 12-15 March in Kavala, northern Greece, to mark
activism by local tobacco workers. GSEE is celebrating its 80th
birthday this year.
[28] Greece drafts law to combat loan sharks
Athens, 28/08/1997 (ANA)
Greek Justice Minister Evangelos Yiannopoulos yesterday
announced he had set up a committee to investigate the illegal
loans market and draft a bill to combat the growing phenomenon.
The committee, headed by the ministry's secretary general, will
have three months to examine the cause of the problem, the
workings of the market, and its impact on legitimate commerce.
It will then propose the solutions.
Mr. Yiannopoulos conceded indirectly that legitimate banks also
carry out dubious lending at high interest rates, and indicated
that the socialist government may investigate their activities.
The newly-created committee, which comprises judicial officials
and a lawyer, will restrict its activities to loan sharks and
illegal financial institutions.
[29] EBEA calls on Gov't not to miss out on EMU
Athens, 28/08/1997 (ANA)
The government must establish and apply an economic policy that
will exclude the possibility of Greece's being left out of
European unification from the very start, the Commerce and
Industry Chamber of Greece (EBEA) said yesterday.
This was contained in a letter by EBEA president G.
Papathanasiou to Prime Minister Costas Simitis prior to the
International Thessaloniki Fair (ITF) during the first weekend
of September, at the opening of which the prime minister
traditionally delivers a state-of-the-economy speech.
In the letter, Mr. Papathanassiou stressed the need for the
government to take new measures in the public sector, social
security, state enterprises and other sectors.
The business sector, he said, expects to hear at the ITF about a
policy that would guarantee Greece's inclusion in the first wave
of countries accepted into the Economic and Monetary Union
(EMU), rather than a "beautification" of economic indices.
EBEA called for support in the modernization of small and
medium-sized enterprises by applying a competitive taxation
policy, reducing the cost of funding, promoting electronic
trade, placing commercial businesses under European Union (EU)
programs an d the Development Law, as well as supporting
competition with effective supervision and operation of relevant
agencies.
European unification goes into effect in 1999. The government
has maintained that Greece will join EMU in the second wave of
EU countries in 2001.
[30] Bank of Attica issue
Athens, 28/08/1997 (ANA)
The Bank of Attica general assembly approved a doubling of its
share capital through a new rights issue designed to raise 8.5
billion drachmas.
The new issue will take place on the basis of a one-to-three
swap, with each new share priced at 1,150 drachmas.
[31] Business mission to Slovenia
Athens, 28/08/1997 (ANA)
The Hellenic Foreign Trade Board (HEPO) is organizing a campaign
for the promotion of economic relations with Slovenia, in
September and October.
In co-operation with the Greek embassy in Ljubljana and the
Commerce and Industry Chamber of Slovenia, HEPO is organizing a
one-day conference on Sept. 8 in Athens, entitled "Business
Approach to Slovenia", while a business mission has been
scheduled for Oct. 13.
For more information call (01) 99.82.251 until Sept. 5 at the
latest.
[32] Noted rebetika singer Bellou dies
Athens, 28/08/1997 (ANA)
Sotiria Bellou, one of the last well-known singers of a
distinctive style of Greek song known as rebetika, died
yesterday in hospital after a long bout with cancer of the
pharynx.
She would have been 76 tomorrow. A funeral service will be held
at the Athens Metropolitan Cathedral at 2:30 p.m. Friday. She
will be buried at the Athens First Cemetery
Bellou was born in a village near Halkida, Evia, in 1921 to a
fairly well-off family. Following a divorce at an early age, she
left for Athens, where she held various odd jobs to support
herself, one of which was to play guitar and sing at Plaka
tavernas.
During the turbulent years of the Greek civil war she was
persecuted and jailed, returning to singing after its end.
Her career took off when a friend of leading rebetika
singer/composer Vassilis Tsitsanis heard her sing and arranged
an audition. Their friendship and co-operation lasted many
years, during which she established her own reputation, among
other things as the first female singer to sing on the same
stage as other rebetika performers, traditionally sung only by
males.
With themes such as unrequited love, betrayal, the woes of
living on the fringe of society and narcotics, the lyrics of
rebetika songs have been called the "Greek blues". Rebetika
songs, emanating from the Asia Minor port city of Smyrna
(present day Izmir), were popular in Greece in the first half of
this century, although the distinctive style slowly disappeared
from the music scene as the last great composers and singers
died.
The diminutive Bellou lost her voice to cancer a few years ago.
The last years of her life were spent in poverty and she was
forced to sell her tapes in Omonia square, to make a living.
Bellou will be given a state funeral, following a culture
ministry decision.
Condolences stressed her contribution to rebetika, the
popularity of her songs today and the fact that she represented
the woes and sorrows of the average Greek breadwinner in the
during the inter-wars period and just after World War II.
Messages of condolences were sent by Culture Minister Evangelos
Venizelos, the Communist Party of Greece (KKE) and its former
leader Harilaos Florakis, the Coalition of Left and Progress
(Synaspismos), the Democratic Social Movement (DHKKI), the PASOK
youth wing and Athens Mayor Dimitris Avramopoulos.
End of English language section.
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