Athens News Agency: Daily News Bulletin in English, 97-11-15
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No 1341), November 15, 1997
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] Simitis announces measures to assist young people
[02] US can do more on Cyprus, Pangalos says
[03] ... Karamanlis criticism
[04] Upgraded submarine official launched
[05] Simitis, Tsohatzopoulos confer
[06] Draft resolution urges US to recognize Greek sovereignty of Imia
[07] Burns appointment
[08] Bulgarian deputy PM Bakurdjiev to visit Greece
[09] EU ambassadors return to Tehran
[10] Five-nation PfP exercise in northern Greece
[11] Calls for Greek-Turkish friendship group in Greek Parliament
[12] Aegean environment on agenda of Greek-Turkish meeting
[13] PASOK, ADEDY statements in light of Polytechnic commemoration
[14] Jerimiah elected as Council of European Churches president
[15] Damanaki calls for an end to deadlock over her mayoral candidacy
[16] Papandreou raises Olympic truce idea with UNESCO
[17] Left-wing parties to gather in Athens
[18] Doctors urge more information to increase organ donors
[19] High demand for civil state exams
[20] Scientists voice concerns over water quality
[21] SEB praises '98 budget
[22] Alpha Credit Bank hikes loan, deposit rates
[23] Greek stocks drop on rising interest rates
[24] Greek investment firms show drop in market cap in October
[25] Hoteliers issue new English tourist guide
[26] Tzoumakas at Brussels conference on revising CAP
[27] Islam-Christian Orthodox conference in Athens
[28] Music industry asks Greece's help to stop Bulgarian CD piracy
[01] Simitis announces measures to assist young people
Athens, 15/11/1997 (ANA)
Prime Minister Costas Simitis announced yesterday a series of
measures aimed at what he called "freeing creative forces and at
achieving social solidarity" so that young people would not fall
victim to economic crisis.
Addressing a special conference on youth held by the ruling
PASOK party's central committee, Mr. Simitis referred at length
to the problems facing today's youth, problems which he said
included education, military service and unemployment.
Observing that the percentage of the Greek workforce who were
self-employed (51 per cent) was the highest in Europe, the prime
minister stressed the importance of supporting business ventures
by young people through flexible funding programs.
He announced that from 1998-2000, all unemployed would be able
to join three-year subsidization programs. These provided 50,000
people with daily allowances of 4,000 drachmas for 18 months.
Another 20,000 would be able to register at vocational training
centers and those run by the state employment organization
(OAED). A total of 200,000 unemployed young adults would be able
to take advantage of these programs, Mr. Simitis said.
Meanwhile, the creation of 1,500 new day nurseries would benefit
more working mothers, while the government was planning
assistance for young farmers in the form of tax breaks, funding,
leasing and other facilities in order to encourage more of the
country's youth to remain on the land.
He also urged all young people to take advantage of the
opportunity offered by the 2004 Olympic Games in Athens, which
he said required the participation of all young people. At the
same time he referred to the government's initiatives to support
young athletes around the country.
The problem of drug addiction, meanwhile, although not as
widespread as in other European Union member-states, was on the
rise and required a comprehensive solution including support for
rehabilitation centers, prevention, voluntary workers and
cooperation within the EU.
The country's youth, he said, was the generation that could
"reconcile democracy with the market, growth with justice and
politics with culture".
Referring to other matters, the prime minister clarified that
there was presently no issue of changing the status of PASOK's
Youth organization by placing it under the party mechanism as
called for by Foreign Minister Theodoros Pangalos in an
executive bureau session.
On his part, Mr. Pangalos said that the PASOK youth organization
should cease existence as an autonomous group and be included in
the party.
Labor Minister Miltiades Papaioannou called for the
organizational inclusion of the youth organization within the
party, before detailing the government's measures for increasing
employment among young people.
Commenting on the same issue, PASOK Youth Secretary Tonia
Antoniou said that the existence of a political youth
organization could not be an organizational mechanism or a
mechanism for manipulating youth.
"A political youth organization is needed as a malleable tool
for liberating social forces, popular imagination and the
authenticity of young thought. Not as a photocopy of the 'party
of elders'," she said.
Referring to particular problems of youth, Ms Antoniou cited a
number of issues on which the government should focus its
attention, including:
- A safeguarding of the public and free character of education
at all levels
- Securing consensus among all those involved in the educational
process without submitting to parochial trade unionist demands.
- Acceleration and implementation of educational reform with a
bold increase in resources as well as strong political will.
- A gradual adoption of the 35-hour working week, and finally,
- Career advice as key in the planning of employment, education
and training.
[02] US can do more on Cyprus, Pangalos says
Athens, 15/11/1997 (ANA)
Foreign Minister Theodoros Pangalos yesterday called on special
US presidential emissary Richard Holbrooke and Washington to
alter their stance on the Cyprus issue, saying the US should use
its leverage to pressure Turkey into cooperating towards
resolving the Cyprus problem.
Speaking after briefing President of the Republic Kostis
Stephanopoulos on recent foreign policy developments, he said
that Mr. Holbrooke's initiative was "important" in as far as the
US undertook to use "all the means at its disposal to pressure
Turkey .
"There have been plenty of proposals in the past, with the best
of intentions, and similar initiatives have been undertaken," he
observed.
Mr. Holbrooke visited Nicosia and Ankara earlier this week and
later briefed Alternate Foreign Minister George Papandreou and
Under-secretary Yiannos Kranidiotis in Brussels on his talks in
the two capitals.
He did not visit Athens as Prime Minister Costas Simitis was
busy with the tabling of the budget, while Mr. Pangalos himself
was in Madrid this week.
Mr. Pangalos said that the US could exert pressure by means of
the military supplies it gave Turkey and which were used in
Cyprus.
He suggested that the US could limit those supplies or enforce a
ban on their use on the Aegean coast or in Cyprus.
He also noted that Turkey was economically dependent on the US.
Responding to criticism by the US envoy that the European Union
had not undertaken any initiatives on the Cyprus issue, Mr.
Pangalos said:
"Any effort by the EU to find a solution does not require an
American mediator. We can do this by ourselves."
In addition, Mr. Pangalos said a plan for a tri-zonal solution
attributed to Mr. Holbrooke and published in yesterday's issue
of "Kathimerini" was "unworthy of denial or comment", adding
that a similar plan had been recently published in a Turkish
Cypriot publication.
"I am not aware of such a proposal by Mr. Holbrooke," said the
foreign minister.
Government spokesman Demetris Reppas later categorically
rejected Kathimerini's front-page report, saying it was
"completely wrong".
[03] ... Karamanlis criticism
Athens, 15/11/1997 (ANA)
On his part, main opposition New Democracy party leader Costas
Karamanlis called for a "strong and nationally dignified"
foreign policy while touring Rhodes yesterday.
The ND leader also accused the government for lacking on the
issues of regional development and infrastructure works.
"Our foreign policy must exit the vicious circle of passivism
and submissiveness. Because I believe that Greece must show and
defend its just causes, its national interests and its sovereign
rights with resoluteness, something which means a strong and
nationally dignified foreign policy. Resoluteness and clear
messages distance the dangers and discourage provocations," he
said.
Replying to Mr. Karamanlis' statement, government spokesman
Demetris Reppas reminded him that the premier visited Cyprus at
a time of crisis, while the government went ahead with joint
military exercises between Greece and Cyprus within the
framework of the joint defense doctrine.
Mr. Reppas said that at the same time the government succeeded
in having Turkey's relations with the European Union defined by
Greek-Turkish relations and its position on the Cyprus issue.
Lastly, he accused ND of doing nothing in the past and of
lacking a policy at present.
[04] Upgraded submarine official launched
Athens, 15/11/1997 (ANA)
The second Hellenic Navy submarine to be fully upgraded at the
Salamina naval port near Piraeus was launched yesterday.
The "Neptune" upgrading program for Hellenic Navy submarines
began in 1989 with the signing of two contracts with a German
consortium, which also included the provision of technical
know-how.
Defense Under-secretary Demetris Apostolakis, who attended the
launching ceremony, said the 'Glafkos'-type submarine was
upgraded in a shorter time span than envisaged, while the cost
was eight billion drachmas lower than the one of the first, a
'Proteus'-type submarine which was upgraded in Kiel, Germany,
when the program was launched.
"Such healthy bases, which promote reliability and contribute to
cost-trimming, must constitute a model for another course and
ideas in the sector of our defense industry, with consistency
and competitiveness as the main orientations," Mr. Apostolakis
said.
This program, he added, in combination with the program for the
MEKO 200 frigates, which is in progress and being accelerated,
and the other armament programs of the armed forces, are
changing the balance in the domain of naval development.
"Our philosophy is not excessive armaments and an indiscriminate
arms race with Turkey, but implementation of the required
armaments programs in the context of the capabilities of the
national economy," he said.
[05] Simitis, Tsohatzopoulos confer
Athens, 15/11/1997 (ANA)
Defense Minister Akis Tsohatzopoulos briefed Prime Minister
Costas Simitis yesterday on the bill being drafted on civil
defense and the armaments program.
According to informed sources, Mr. Simitis asked the defense
minister to present the bill to Cabinet after a dialogue on the
issue had been held.
In addition, it was reported that the prime minister is to chair
a meeting of the Government Council for Foreign Policy and
Defense within the next ten days.
[06] Draft resolution urges US to recognize Greek sovereignty of Imia
Washington, 15/11/1997 (ANA - T. Ellis)
A draft resolution was presented in the US House of
Representatives a few days ago calling on the body to officially
recognize that the Imia isles belong to Greece.
The draft resolution was introduced by Greek-American
Representative Mike Papas, a Congressman from New Jersey.
"Congress feels that the Imia islets in the Aegean Sea comprise
a sovereign part of Greece according to international law," Mr.
Papas proposal reads, which was signed by another 20
Congressmen. The draft resolution was tabled in the foreign
affairs committee.
In the draft resolution mention is made of Turkey's dispute of
Greece's sovereignty over the isles, which Athens maintains are
part of its territory based on the Treaty of Lausanne in 1923,
an Italian-Turkish agreement in 1932 and the Paris Treaty of 1
947.
In addition, a Europarliament decision on Feb. 15, 1996 also
backing the delineation of the sea borders of the two countries
based on the aforementioned is mentioned.
[07] Burns appointment
Washington, 15/11/1997 (ANA)
Meanwhile, when asked to comment on the appointment of Nicholas
Burns as ambassador to Athens, US White House spokesman Mike
McCarty said: "We are enthusiastic that someone as prominent and
well-known through the entire spectrum of America's foreign
policy community will be in place to promote our goals and
present them to the government of Greece."
[08] Bulgarian deputy PM Bakurdjiev to visit Greece
Sofia, 15/11/1997 (BTA/ANA)
Deputy Prime Minister and Regional Development and Public Works
Minister Evgenii Bakurdjiev will visit Greece November 17-19 at
the invitation of Greek Development Minister Vasso Papandreou,
according to a BTA dispatch from Sofia.
Mr. Bakurdjiev received the invitation on Thursday from Greek
Ambassador in Sofia Panayotis Karakasis and discussed the agenda
of the visit with him.
While in Greece, Mr. Bakurdjiev will meet Alternate Foreign
Minister George Papandreou and Environment, Town Planning and
Public Works Minister Costas Laliotis.
The two sides will discuss co-operation in the energy industry
and natural gas and the construction and operation of the
Bourgas-Alexadroupolis oil pipeline.
[09] EU ambassadors return to Tehran
Tehran, 15/11/1997 (IRNA/ANA)
Ambassadors of 11 European countries returned to Tehran
yesterday morning, ending their six month absence from the
Iranian capital.
Their return to Tehran was at the recommendation of Luxembourg's
foreign minister and the rotating president of the European
Union Jacques Poos. German and French ambassadors are to return
to Tehran later on.
The group of European ambassadors who returned to Tehran Friday
were from Finland, Sweden, Denmark, The Netherlands, Italy,
Austria, Spain, the UK, Ireland and Greece.
The Greek ambassador had not been officially recalled by the
Greek foreign ministry.
[10] Five-nation PfP exercise in northern Greece
Athens, 15/11/1997 (ANA)
A military exercise codenamed "Promitheas '97" will be held in
the region of Polykastro, Kilkis and Edessa prefecture next week
with the participation of military units from five countries.
The exercise is being organized within the framework of the
"Partnership for Peace" initiative and will be attended, on the
part of NATO members, by Greek and Dutch forces and on the part
of "Partnership" countries by Armenian, Bulgarian and Albanian
forces.
The purpose of the exercise is training in conducting missions
concerning the planning and implementation of peace plans, area
relief from natural disasters, supervising assigned regions,
protecting strategic positions, providing medical assistance,
removing minefields, escorting convoys of vehicles carrying
humanitarian aid and guarding vital installations.
The exercise has been planned by the commander of the First Army
Corps, Lt.-Gen. Demetris Dimou, and will be directed by the
commander of the second mechanized infantry division, Maj.-Gen.
Demetris Lakafosis.
[11] Calls for Greek-Turkish friendship group in Greek Parliament
Ankara, 15/11/1997 (ANA - A. Abatzis)
Turkey's Democratic Left party deputy Hakan Tartan issued a
statement yesterday calling for the formation of a Greek-Turkish
friendship group in Greece's parliament.
Mr. Tartan is president of the Turkish-Greek friendship group
formed a few months ago by 60 Turkish deputies.
He stresses the importance of the "first step" taken by the
Turkish parliament, adding that a similar Greek group would
"open a new window" for the two countries.
[12] Aegean environment on agenda of Greek-Turkish meeting
Athens, 15/11/1997 (ANA)
Scientists and local government representatives from Greek and
Turkish towns on the Aegean began a three-day meeting in
Kusadasi yesterday to discuss environmental protection concerns
in the region.
In their ninth such meeting since the establishment of the
Association of Municipalities of the Aegean, 94 academics from
16 universities in Greece and Turkey and high-ranking local
government officials from the two countries are meeting to
discuss problems to the environment caused by the operation of
factories on the Aegean coasts.
Greek environmentalists are also expected to raise the issue of
a nuclear power plant purportedly to be constructed in Turkey
with equipment and capital from Canada.
Turkey's ministers for the environment and shipping, Imren Aikut
and Burhan Kaya, will also be attending.
[13] PASOK, ADEDY statements in light of Polytechnic commemoration
Athens, 15/11/1997 (ANA)
"The mobilization of all lively, creative, productive and
progressive forces of the country to achieve the great goals and
visions of the new era give meaning and content to the historic
bequest of the struggles and sacrifices of the fighters of the
Polytechnic for a Greece which is peaceful, independent, modern
and progressive," a statement by PASOK's executive bureau read
yesterday, in view of Monday's 24th anniversary of the
Polytechnic uprising against the military junta then ruling
Greece.
In another statement on the anniversary, the civil servants'
union (ADEDY) refers to the need for "a policy of development
which will secure the terms of social solidarity," to "struggle
for upgrading the status of public servants, public and free
education, medical care for everyone," and to the demand for "an
undivided and sovereign Cyprus, peace and co-operation among
nations in the area".
Police have stepped up patrols in the area of the Athens
Polytechnic in downtown Athens and other school buildings as
students prepare to celebrate the 24th anniversary of the
uprising against the military junta.
Security has been tightened at all tertiary institutions around
the city to avert any recurrence of vandalism or violence that
has plagued past anniversaries of the occasion. The three days
of celebrations have often been marred by pitched street battles
between police and masked youths, many of whom are self-styled
anarchists.
Polytechnic authorities have fortified the historic school
buildings against possible vandalism by youths who take refuge
from police in the school grounds, which police are barred from
entering. One of the buildings burned down during the
anniversary six years ago and has now been almost completely
restored.
Earlier this month, a parliament session was held between
Education Minister Gerassimos Arsenis, Public Order Minister
George Romeos and Polytechnic authorities, with discussion
focusing on ways to avert incidents during the celebration.
University officials said yesterday they would be in constant
contact with the public order and education ministries during
the weekend's celebrations to coordinate activity.
Students and teachers have organized their own patrols of school
buildings to prevent any vandalism to property.
Events will culminate with a rally on Monday, the actual
anniversary of the uprising.
[14] Jerimiah elected as Council of European Churches president
Athens, 15/11/1997 (ANA)
The central committee of the Council of European Churches has
elected the Orthodox Metropolitan of France and Exarch of All
Iberia Jerimiah as president of the organization for the next
six-year term.
The organization was created in 1959 and is headquartered in
Geneva. Members include 123 European churches of all major
Christian denominations, sans the Roman Catholic Church.
[15] Damanaki calls for an end to deadlock over her mayoral candidacy
Athens, 15/11/1997 (ANA)
Maria Damanaki took the initiative yesterday and sidestepped her
own party by holding a press conference to announce her desire
to run for the post of Athens mayor during next year's municipal
elections.
However, she said her final decision will be made once she has
met with the leaders of PASOK, the Left Coalition, the
Democratic Socialist party, Political Spring and the Communist
Party of Greece, although the latter is unlikely to agree to a
meeting.
Ms. Damanaki, a former Coalition leader, said she had decided to
go ahead after repeated stalling in meetings with PASOK and the
Coalition over procedural details and party tactics.
She said that now was the time for positive initiatives and for
attention to focus on the problems faced by the city and its
inhabitants.
Ms. Damanaki said she was willing to assume the responsibility
of her candidacy herself, and urged the parties to assume their
own responsibilities and to clarify their stance.
The Coalition leadership was not previously informed of Ms.
Damanaki's intention to hold a press conference. The Coalition
deputy said she respected party procedures in both her own party
and PASOK but said her initiative had been aimed at a
"disengagement".
It was later announced that Ms. Damanaki had had a telephone
conversation with Prime Minister Costas Simitis shortly before
her press conference. The call had been initiated by Ms.
Damanaki.
Asked to comment, government spokesman Demetris Reppas said Ms
Damanaki could meet with the prime minister when she requested a
meeting.
[16] Papandreou raises Olympic truce idea with UNESCO
PARIS, 15/11/1997 (ANA)
A meeting between Alternate Foreign Minister George Papandreou
and UNESCO Director General Federico Mayor was held yesterday to
discuss a Greek initiative to revive the idea of an Olympic
truce. The initiative is being coordinated by Mr. Papandreou.
The Greek delegation briefed Mr. Mayor on its contacts with the
International Olympic Committee as well as Greece's decision to
co-sponsor the draft UN resolution on the observance of the
truce during the Winter Olympics in Japan in 1998.
Also discussed was the use of ancient Olympia as a site for
international meetings and confidence building on peace-related
issues.
[17] Left-wing parties to gather in Athens
Athens, 15/11/1997 (ANA)
Delegates from 35 left-wing parties will participate in the
"Forum of the New European Left", organized by the Coalition of
the Left and Progress in Athens on Nov. 21 to 23.
The delegates, from Europe, Mediterranean countries, the US and
Russia, will discuss issues relating to a Euro-Mediterranean
co-operation and developments in the European Union.
[18] Doctors urge more information to increase organ donors
Athens, 15/11/1997 (ANA)
A lack of organ donors in Greece has led to a sharp drop in
organ and tissue transplants, despite initial enthusiasm after
the first successful kidney transplant in Thessaloniki in 1968,
it was announced at the 10th Panhellenic Conference on
Transplants i n Athens yesterday.
Professor I. Papadimitriou blamed the problem on a lack of
information and poor organizations.
Onassis Cardiology Center clinic director Dr. P. Alivizatos said
that while over 500,000 successful organ and tissue transplants
had been held world-wide, less than ten people received donor
organs in Greece annually, yet there was a need for almost 100.
Although Greece held the European record for deaths in road
accidents, only one heart was made available per million
citizens.
The lack of donors had led to alternative solutions, whereby
American surgeons were experimenting with some success in
transplanting into children with pulmonary failure parts of
their parents' lungs.
It was also noted that in order to meet the requirements of the
current waiting list of 3,000 patients with renal failure, at
least 500 kidney transplants per year were needed.
[19] High demand for civil state exams
Athens, 15/11/1997 (ANA)
Demand for information on forthcoming state civil service
entrance examinations is extremely high with some 25,000 forms
distributed around the country since the beginning of the week.
Up to 500 people queued at the interior ministry's special kiosk
in Klafthmonos Square in central Athens yesterday morning to
receive the forms.
The government has said it will employ only 2,353 people
following the written examinations on February 21-22.
The successful applicants will take up positions in the
education field, the finance ministry, regional and local
government, the capital market commission and the Agricultural
Bank of Greece.
The deadline to submit applications to participate in the
examination will begin on November 20 and end on December 9.
[20] Scientists voice concerns over water quality
Athens, 15/11/1997 (ANA)
Concern over the appearance of nitric ions in groundwater around
the country was expressed at the 4th Hydro-Geological Conference
in Thessaloniki yesterday.
The ions, found in areas that have been intensively farmed, are
suspected of being responsible for certain forms of cancer.
Contained in agricultural fertilizers, they are absorbed into
the water table.
One of the studies mentioned at the conference referred to the
area between Varybobi and Aharnes, near Athens, where high
concentrations of the ions were recorded in forty wells and
drill-holes. A similar problem was recorded in areas of the
Peloponnese such as Argolida, Messinia, as well as in Thessaly
and central Macedonia, where fertilizers are widely used.
One of the experts that carried out analyses in the Peloponnese,
L. Tiniakos, said the problem was being studied by both Athens
and Patras Universities.
The experts warned against the uncontrolled use of pesticides
and other chemicals and proposed the use of cultivation methods
that were more environmentally friendly.
[21] SEB praises '98 budget
Athens, 15/11/1997 (ANA)
The Federation of Greek Industries (SEB) praised the state
budget for 1998, saying that whatever relaxation would
substantively undermine prospects for accession to Economic and
Monetary Union (EMU).
"The harmonization of public finances with targets set in the
convergence program is aimed at with the budget for 1998 and the
stabilization effort is continuing. This is positive because
whatever relaxation would substantively undermine prospects for
accession to economic and monetary union," said an announcement
issued by SEB yesterday, on the occasion of the budget's
publication.
The announcement said that the budget's central target
(convergence-stabilization) is being pursued in an extractual
way and not with an integrated effort aimed at substantive
fiscal adjustment with a decrease in the state's presence and
restructuring the Taxation system. "The means being used follow
the beaten track. They are of doubtful effectiveness now and
certainly they will also have grave negative consequences," it
added.
Referring to the specific measures anticipated by the new
budget, SEB stresses, among other, that again an increase in
revenues is being sought primarily through the imposition of
more taxes on those already being taxed and not by widening the
taxation base.
Secondly, the taxation status anticipated by the budget for
businesses changes for the worst every year.
Thirdly, it said the budget makes a positive but very hesitant
step in the expenditures sector which does not constitute a
substantive change of course in fiscal policy, since emphasis
remains in the revenues sector.
[22] Alpha Credit Bank hikes loan, deposit rates
Athens, 15/11/1997 (ANA)
Alpha Credit Bank, the country's largest private bank, on Monday
will raise its loan rates by 3.5 percentage points and deposit
rates by 1.5 percentage points, it said yesterday.
Rates on savings deposits will rise to 10 percent and 10.5
percent on two different accounts. Working capital and corporate
loans will both jump to 16 percent.
Alpha Credit is the first major bank to announce hikes in the
wake of monetary turmoil that drove up interbank rates before
subsiding.
Analysts are waiting to see if state banks will follow suit.
[23] Greek stocks drop on rising interest rates
Athens, 15/11/1997 (ANA)
Greek equities ended the last trading session of the week with
losses after news of a rise in loan and deposit interest rates
by a major commercial bank.
The general index closed 1.7 percent lower at 1,384.73 points to
show a net loss of 8.46 percent on the week. The index was 22.82
percent down from its all-time high of 1,794.14 on October 8.
Traders said the market performed relatively well for most of
the session following a substantial rebound on Thursday but
retreated on selling pressure by the close.
Trading remained heavy with turnover at 21.3 billion drachmas.
The week's turnover totaled 118.06 billion drachmas for an
average daily 23.6 billion, down from 31.5 billion the previous
week.
Sector indices ended with losses. Banks fell 0.62 percent,
Insurance was 2.44 percent off, Leasing dropped 1.18 percent,
Investment eased 2.49 percent, Construction was 2.89 percent
down, Industrials fell 2.34 percent, Miscellaneous eased 2.96
percent and Holding was 2.20 percent off.
The parallel market index for small cap companies eased 1.83
percent. The FTSE/ASE index ended 1.33 percent lower at 803.69
points, showing a net loss of 9.14 percent on the week.
Broadly, decliners led advancers by 184 to 42 with another 12
issues unchanged.
Heliofin, European Credit and Macedonian Plastics scored the
biggest percentage gains at the upper daily volatility limit of
8.0 percent, while Bank of Athens, Avax, Altec, Dane and
Lambropoulos suffered the heaviest losses.
National Bank of Greece ended at 26,490 drachmas, Ergobank at
14,240, Alpha Credit Bank at 16,500, Delta Dairy at 3,400, Titan
Cement at 12,000, Intracom at 11,550 and Hellenic
Telecommunications Organization at 5,120.
[24] Greek investment firms show drop in market cap in October
Athens, 15/11/1997 (ANA)
Greek investment fund companies showed a drop in market
capitalization to 163.3 billion drachmas in October from 181.2
billion the previous month.
Net asset value fell to 166.2 billion drachmas from 184.9
billion in September, while the sector reported a discount of
1.8 percent in October, down from 2.0 percent the previous
month.
Equities accounted for 80.6 percent of total Greek investment
fund portfolios, followed by bonds with an 11.1 percent share
and floating assets with 7.7 percent. Gov't defends release of
tax evaders' names : Government spokesman Demetris Reppas
yesterday defended the government's practice of releasing a list
of names of tax evaders, saying no vested interests were
involved.
Under Greek law, the presentation of a new budget is accompanied
by the names of tax evaders in the previous year compiled by the
finance ministry.
[25] Hoteliers issue new English tourist guide
Athens, 15/11/1997 (ANA)
The Hoteliers' Union of Athens has issued an English-language
tourist guide to all hotels in Athens and Attica, travel
agencies, airlines, tourist buses, cruise lines, museums and
other areas of interest to visitors.
Speaking at an event to launch the guide yesterday, the Union's
president Gerassimos Fokas reiterated that the current 558
hotels in the greater Athens area more than sufficed to meet the
needs of the 2004 Olympiad. However, increased requirements
expected to arise from the construction of a large conference
center in Athens is likely to lead the union to reconsider its
opposition to additional hotels opening, he said.
At the moment, Athens has 57, 618 hotel beds, or 11% of the
country's total capacity.
Mr. Fokas called for more incentives within the development law
to modernize existing facilities in Athens. He said not enough
was being done to market the capital as a tourist destination,
something which was chiefly due to the non-existent coordination
between prefectures within Attica.
He particularly criticized the prefecture of Athens for not
doing anything to promote tourism.
[26] Tzoumakas at Brussels conference on revising CAP
Brussels, 15/11/1997 (ANA - P. Pantelis)
Addressing the conference on revising Common Agricultural Policy
(CAP) in the framework of EU enlargement, Agriculture Minister
Stephanos Tzoumakas said that in a world where changes are
necessary and speedy, the cost for revising CAP cannot be
shouldered by the weaker groups.
The conference was held here at the initiative of the
Parliamentary group and the European Socialist Party.
Mr. Tzoumakas said the status of national subsidies in
agriculture must not return because it will not be to the
benefit of member-states lacking funds and farmers and
agriculture in these countries.
"We cannot place the cost for the adjustment of European
agriculture in the new international environment solely on
farmers. It is necessary for political adjustments to be
exercised in such a way that changes will not harm farmers who
will have to face the new reality," he said.
The two-day conference concluded yesterday and was attended by
five socialist agriculture ministers and the Luxembourg
president of the Council of Agriculture Ministers. It recognized
and adopted a proposal for a unified discussion and funding at
all the common market organizations for all products together.
[27] Islam-Christian Orthodox conference in Athens
Athens, 15/11/1997 (ANA)
Participants in a two-day conference on the institution of the
family in the Muslim and Christian Orthodox worlds, which ended
at the University of Athens on Thursday night, stressed that
social life would be meaningless in the absence of family life
and called on governments to show respect for the institution.
The event, organized by the Greek-Iranian Friendship Association
in co-operation with the Iranian Cultural Center in Athens and
sponsored by the culture ministry, was the fourth such
conference held since the initiation of a constructive dialogue
in 1990 for the promotion of religious understanding and
tolerance between Muslims and Christian Orthodox faithful.
Twenty-four papers were presented in the conference, which
studied the family from the social, religious and philosophical
aspect.
The 24 Greek and Iranian clerics, university professors,
students and scholars who attended issued a resolution declaring
that the family is a sacred institution "to which the Almighty
God has paid tribute and hence the servants of God should also
highly value it."
In his closing remarks, Ayatollah Sayyed Mohammad Khamenei, the
head of a 12-member Iranian delegation to the conference said
ties based on love, knowledge and religion between the Greek and
Iranian peoples have never been cut and will never be cut.
[28] Music industry asks Greece's help to stop Bulgarian CD piracy
Athens, 15/11/1997 (ANA)
European recording industry heads met Greek ministers on
Thursday to urge Greece to crack down on pirated compact discs
pouring in across the European Union's eastern borders from
Bulgaria.
Accompanied by Greek singer and European Parliament deputy Nana
Mouskouri, music company heads asked Greece to step up border
controls and political pressure to stem the flow of pirated CDs
from its northern Balkan neighbor.
"The really bad guys are Bulgaria, who are flooding the market
with pirated products," Nic Garnett, director general of the
International Federation of Phonographic Industry (IFPI), told a
news conference. Industry heads met with two ministers to push
for stricter measures to fight Greece's piracy rate, which has
risen by 50 percent to 1.5 million pirated units sold in Greece
-- but not manufactured there -- in two years.
Greece has the EU's highest illegally copied music sales rate of
25 percent. Italy comes a close second with 22 percent of its
CDs cribbed, officials said.
Officials and executives told the news conference Bulgaria had
the capacity to produce up to 45 million CDs annually and was a
major contributor to a worldwide $5 billion a year industry in
poached CDs.
"I have long been aware of the problem since I am one of the
most pirated artists in Greece," Ms Mouskouri said. "Greece has
a duty to itself, to the EU and to its artists to adopt tough
anti-piracy policies." Greece was asked to take practical steps,
such as improving border checks and processing quickly those
charged with piracy through its usually slow legal system.
"We've asked the government to be stricter in applying the law,
especially since it shares such a long border with Bulgaria,"
said Rick Dobbis, Polygram's president for continental Europe.
Officials also asked Athens to put political pressure on Sofia
to stop the problem at its source by bringing up the issue at
bilateral meetings. "Greece is one of Bulgaria's main links with
the EU. It could have a major influence on Bulgaria's government
to act to abolish the problem," Mr. Garnett said.
End of English language section.
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