Athens News Agency: Daily News Bulletin in English, 97-11-28
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No 1352), November 28, 1997
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] Simitis-Blair talks focus on Cyprus, disagree on Turkey's role
[02] ... Pangalos meets with Alternate Foreign Secretary Henderson
[03] Pangalos touches on EU-Turkey relations, Cyprus in CNN interview
[04] EU promises to consider Turkey's EU candidacy on equal basis
[05] Most EU citizens against Turkey's accession
[06] 'Hurriyet': Ankara to allow re-opening of Halki School of
Theology
[07] Denktash question on CNN toward G. Papandreou
[08] Premier will brief party leaders on new NATO structure if
requested
[09] Tsovolas briefed by Iraqi consul general
[10] Cyprus issue mediators meet in Paris
[11] ABNA conference in Thessaloniki
[12] EU to issue table on member-states harmonization
[13] 40 SPD Euro-MPs congratulate Simitis over Crete summit
[14] More than 68,000 new members enlist in PASOK
[15] Parliament to debate issue of allegedly rigged football matches
[16] Clubs' meeting
[17] Earthquakes off western Peloponnese
[18] Prosecutor in Balafas trial calls for conviction on weapons
charge
[19] Greece repeats backing for simultaneous EU entry talks
[20] Greek equities end higher in scant trade
[21] Two more Greek banks join ATM system
[22] Six Greek deputies want to abolish bank penalty rates
[23] Greek companies' exhibition in FYROM
[24] Macedonia-Thrace Bank holiday loans
[25] Fanco projects shift of production to other Balkan nations
[26] Withholding tax system again the focus of debate
[27] Pensioners' demands rejected
[01] Simitis-Blair talks focus on Cyprus, disagree on Turkey's role
London, 28/11/1997 (ANA - S. Liarellis)
Greece and Britain remain firm in their views on the possibility
of Turkey's participation in a proposed European Conference.
Following 90-minute talks with his British counterpart Tony
Blair, Prime Minister Costas Simitis said Britain desires
Turkey's participation, while the Greek side stressed that such
preconditions do not exist because Turkey's participation
necessitates acceptance of the rules governing the European
Union.
Replying to questions by British reporters, Mr. Simitis said
Greece accepts the need for co-operation between the EU and
Turkey, however, on condition that the principles of
international law are accepted, an issue which does not concern
Turkey alone but all the countries of Europe.
Mr. Simitis expressed the view that there is time for the issue
to be resolved if, of course, these general rules governing
relations between all countries are accepted.
The two leaders also held lengthy talks on the Cyprus issue and
reconfirmed the agreement that negotiations for the accession of
the island republic to the EU must get underway, while a
solution to the Cyprus issue is not a precondition because the
two issues are not connected.
Mr. Blair told Mr. Simitis that during the British EU
presidency, starting on January 1, negotiations for the
accession of Cyprus to the EU will start, while referring to the
political issue he said Britain agrees that UN resolutions must
be implemented and negotiations must be conducted in this
framework.
A large part of the discussion, which Mr. Simitis termed "very
friendly", concerned developments in the EU and primarily the
course towards Economic and Monetary Union (EMU), namely,
whether criteria will be applied as anticipated by treaties, etc.
Mr. Simitis said that there was agreement with Britain on all
these issues, as well as on the issue of the "Agenda 2000",
while on the issue of EU enlargement Greece maintains that
negotiations must start with all the candidate-countries, while
Britain has the view that two phases must exist. However, there
was agreement on that countries will not be excluded and there
will be no distinctions.
Mr. Simitis said that it was agreed during the discussion on
Balkan issues on that a message must be sent to countries in
southeastern Europe that they constitute a part of Europe and
that the course of Europe cannot exist without participation and
link s with these countries.
Ideological issues were also discussed, Mr. Simitis said, which
concern the course of the two countries' societies since, as he
added, many common terms are used, such as modernization,
center-left, etc. He said he also invited Mr. Blair to pay a
visit to Greece.
Mr. Blair accepted, saying he'll come to Greece after the
British EU presidency to present the positions he has supported
and to enrich existing views on tackling the challenges of the
future.
[02] ... Pangalos meets with Alternate Foreign Secretary Henderson
London, 28/11/1997 (ANA - L. Tsirigotakis)
Prior to talks held by Prime Minister Costas Simitis at the
British premier's residence 10 Downing St., Foreign Minister
Theodoros Pangalos and Alternate Foreign Minister George
Papandreou attended a working lunch with Alternate Foreign
Secretary Douglas Henderson.
Issues discussed primarily concerned the European Union and the
prospects of the British EU presidency, starting in the new year.
[03] Pangalos touches on EU-Turkey relations, Cyprus in CNN interview
London, 28/11/1997 (ANA - L. Tsirigotakis)
Foreign Minister Theodoros Pangalos, interviewed on the US cable
channel CNN yesterday morning, set out Athens' views regarding
Turkey's relations with the European Union and with Greece.
Speaking on the program "This Morning," the Greek minister was
asked when Greece would support Turkey's bid for membership of
the EU.
"First of all, we took a unanimous decision just two days ago
that Turkey will not join the EU in the near future for obvious
reasons - its economic capabilities, its social structure and
its political system," he said.
Mr. Pangalos stressed that the EU was not simply a common market
but a joint enterprise built up over the years and aimed at
creating a greater European community, something which was not
so easy to achieve.
In reply to a question as to whether Turkey's joining the EU
would bring about greater stability in the region, the minister
said:
"I believe that Turkey could contribute positively to stability
in the region if it began behaving like everyone else. By that,
I mean, for example, that all of us in Europe have accepted the
procedure of the International Court of Justice in The Hague...
Turkey has not done that.
"Therefore, that is one of the things the Turks have to do if
they do not want to be rejected. They must learn to live like
everyone else in the EU."
Turning to the Cyprus issue, Mr. Pangalos observed that the
independence of the Republic of Cyprus had been guaranteed by
Turkey itself, Britain and Greece. However, asked why Greece did
not use its influence in the region to resolve the issue, he
said:
"...Cyprus has been invaded by the Turks, not by Greeks. This
question should be put to the Turks."
"I have hopes for a way out if the United States, who is the
major player in the region, since you mentioned (US presidential
emissary Richard) Holbrooke earlier, uses its advantage with
regard to military supplies and military aid and asks the Turks
to move on the issue. Otherwise, the Turks will never move
because they have nothing to lose and have gained everything
they wanted. There is no reason, therefore, for them to
compromise." Finally, questioned about Greece's prospects for
joining the European Monetary Union, Mr. Pangalos said Greece
was realistic about the issue.
"We could have planned to join in 2000 but we did not want to
take dangerous steps which could have led to social unrest and
political problems. Therefore, we set 2001 as our goal. We can
do it... inflation this year will be below 5 per cent, next year
it will be below 4 per cent and in 1999, the crucial year, we
will have achieved our goals. That is what we are doing now. We
hope we will be there with Britain, if Britain finds the
political momentum to decide to do it."
[04] EU promises to consider Turkey's EU candidacy on equal basis
Istanbul, 28/11/1997 (ANA/AFP)
The European Union will treat Turkey's candidacy on the basis of
equality with other countries, Luxembourg Foreign Minister
Jacques Poos stated after meeting with his Turkish counterpart
Ismail Cem yesterday.
"We shall treat Turkey with the same criteria as the other
prospective members," he said.
The statement came after the Turkish National Security Council
sent a sort of ultimatum to the EU, saying that the Union would
no longer be in Turkey's agenda if it does not secure a promise
for future membership at the Luxembourg summit on Dec. 12 and 13.
"I hope this shall end in a way that is compatible with our
expectations and the expectations of the EU," Mr. Cem said.
The two foreign ministers participated in talks lasting more
than four hours between the prime ministers of the two
countries, Mesut Yilmaz and Jean-Claude Juncker.
"We want to make it visible in a very substantial way that we
consider Turkey a European country," Mr. Juncker said afterwards.
[05] Most EU citizens against Turkey's accession
Brussels, 28/11/1997 (ANA- G. Daratos)
The majority of EU citizens are against Turkey's membership in
the Union, according to a poll conducted by the European
Commission (Eurobarometer).
The poll showed that 45 per cent of respondents were against,
and 32 per cent in favor. Among Greeks, 13 per cent are in favor
and 80 per cent against. Belgians and Germans are shown to be
the other most ardent opponents.
Regarding Cyprus, 40 per cent of those questioned are in favor
and 34 per cent against. The island republic occupies eighth
place in the preferences of EU citizens regarding the membership
of prospective members, after the Czech Republic, Hungary,
Iceland, Malta, Norway, Poland and Switzerland.
[06] 'Hurriyet': Ankara to allow re-opening of Halki School of
Theology
Istanbul, 28/11/1997 (ANA - A. Kourkoulas)
Turkey's National Security Council has reportedly approved the
re-opening of the Halki School of Theology, the Istanbul daily
"Hurriyet" claimed.
"Requests for the re-opening of the Theological School of Halki,
which belongs to the Patriarchate of the Phanar, were discussed
and evaluated," yesterday's edition of the newspaper reported.
Members of the council did not reach a final decision, but
consideration is interpreted as the "green light" for the
re-opening of the school, located on the island of the same name
in the Sea of Marmara, Hurriyet reported.
US President Bill Clinton is expected to discuss the issue with
Turkish Prime Minister Mesut Yilmaz when the latter visits
Washington.
[07] Denktash question on CNN toward G. Papandreou
London, 28/11/1997 (ANA)
Viewers phoning in with questions for Alternate Foreign Minister
George Papandreou on the US cable channel CNN's "Q&A" program on
Wednesday night included Turkish Cypriot leader Rauf Denktash.
Mr. Papandreou, currently in London with Prime Minister Costas
Simitis, was a guest on the show.
Focus of discussions were the Cyprus issue, Greek-Turkish
relations and Cyprus' accession course for the European Union.
Mr. Papandreou called for the co-operation of Turkish Cypriots
in Cyprus' accession to the EU.
Mr. Denktash, who phoned from Istanbul, reiterated Turkey's
stance that the Cyprus problem should be resolved before the
island republic joined the EU. He also said the reason for the
Turkish invasion and occupation of the northern part of Cyprus
could be traced back to events in 1963.
Mr. Papandreou replied that 1963 was a long time ago and that
"we see the future in very different ways".
Cyprus' accession to the EU, he added, was very much in the
interests of the Turkish Cypriots, who have not however asked to
be part of the process.
"This is the important question which the Turkish Cypriots have
to answer," he said.
"I am aware that many organizations and party leaders on the
Turkish Cypriot side ardently support the approach to the
European Union. However, the reason is that this division exists
for 23 years and which has been imposed on the island by the
Turkish troops. This is the answer to the question," Mr.
Papandreou said.
"If we did not have this partitioning and if we did not have the
Turkish troops to divide the island, Cyprus would certainly
proceed towards the EU united," he added.
Mr. Papandreou said that as long as the troops remained on the
island, the legitimate government of Cyprus, recognized by the
United Nations and by all states except Turkey, was the one to
negotiate (for membership).
He referred to Cypriot President Glafcos Clerides' proposal
regarding the participation of Turkish Cypriots in the accession
talks.
Mr. Denktash countered by reiterating that Cyprus had
essentially been divided since 1963, and that for the Turkish
Cypriots to participate in accession talks, their
self-proclaimed state should first be recognized as an
independent entity.
Mr. Papandreou countered with the view that he belonged to a
different generation, one which wanted a united Cyprus.
"The challenge for the Turkish Cypriots is to choose whether
they want to participate," he said.
"The Turks and Greeks can live together peacefully. Cyprus has
been divided for 23 years. We have been waiting for a solution
for 23 years but the time has arrived now for us to proceed
towards the EU. And the challenge for the Turkish Cypriots is
that t hey must choose whether they wish to participate. It is a
great challenge for the Turkish Cypriot community in its
entirety and I hope that it will be positive towards this
prospect," he said.
[08] Premier will brief party leaders on new NATO structure if
requested
Athens, 28/11/1997 (ANA)
Prime Minister Costas Simitis is prepared to receive any
political party leader and brief him on the new structure of the
NATO alliance, government spokesman Demetris Reppas said
yesterday.
Mr. Reppas clarified that Mr. Simitis will meet with which party
leader requests this of him. In replying to a question on
whether the government will hold a Parliamentary debate on the
issue, he said no such decision has been taken.
Mr. Reppas was also asked if decisions on the content of NATO's
new structure will be taken at the alliance's defense ministers'
session on Wednesday and said the final decisions will still
take time and that many more meetings will be held between
officials. However, he added that the final stage has been
reached.
[09] Tsovolas briefed by Iraqi consul general
Athens, 28/11/1997 (ANA)
Democratic Social Movement's (DHKKI) leader Demetris Tsovolas
met yesterday with the Iraqi consul general in Athens for a
briefing on developments in the Persian Gulf as well as problems
created for the Middle East country's population as a result of
a continuing UN embargo.
Speaking to the press after his meeting with Iraqi diplomat
Hazan Altayar, Mr. Tsovolas said "the deprivation of medicines
and basic foodstuffs faced by the people of Iraq proves that
some great powers of the west lack compassion."
He also called on the international community and organizations
to intervene in order to stop what he called the callousness and
to allow the immediate supply of non-combatants with food and
medicines.
[10] Cyprus issue mediators meet in Paris
Athens, 28/11/1997 (ANA)
A meeting of international mediators on the Cyprus issue took
place in Paris on Wednesday with the participation of the UN
Secretary General's special envoy Diego Cordovez and US
presidential emissary Richard Holbrooke, government spokesman
Demetris Reppas confirmed yesterday.
He said he had no further details as to what was discussed. The
important thing for Greece, Mr. Reppas observed, was that there
was activity on the issue.
Asked to comment on statements by Turkish Foreign Minister
Ismail Cem regarding a possible plan for a "double accession" to
the European Union by Cyprus, with the Turkish Cypriots joining
separately, Mr. Reppas said:
"Initiatives undertaken by the mediators on the Cyprus issue are
within the framework set out in UN resolutions and the summit
meetings of 1977 and 1979. Whoever raises issues that do not
come under that specific framework only undermine any solution
to the Cyprus issue," he said, adding: "The bi-zonal,
bi-communal solution is that which has been accepted by all
sides. Mr. Cem's statements regarding a double accession to the
EU only harm the interests of Turkey and the Turkish Cypriots."
[11] ABNA conference in Thessaloniki
Athens, 28/11/1997 (ANA)
A conference of the general directors from the Balkan news
agencies belonging to the Association of Balkan News Agencies
(ABNA) was held in Thessaloniki yesterday.
Among others, issues discussed concerned a proposal by the
Thessaloniki-based Macedonian News Agency (MNA) for the creation
of a satellite communication channel between the Balkan news
agencies and the possibility of ABNA taking on new members. MNA
currently holds the ABNA presidency.
The meeting was attended by the general directors of Anadolu
(Turkey) Mechmet Guler; the Athens News Agency, Andreas
Christodoulides; ATA (Albania), Frrok Cupi; BIP (Bulgaria),
Stefan Velev; MNA, Spyros Kouzinopoulos; ROMPRES (Romania),
Constantin Badea; TANJUG (Federal Republic of Yugoslavia), Zoran
Jevdjovic and assistant general director Maria Velkovska.
[12] EU to issue table on member-states harmonization
Brussels, 28/11/1997 (ANA- M. Spinthourakis)
The European Union's Single Market Council of Ministers
yesterday agreed to issue a performance table of member-states
in relation to the harmonization of national legislations in the
sector.
This table will include data on the number of violations
(warnings, opinions, sentences by the European Court,
non-compliance with its decisions), as well as delays in answers
to letters of the European Commission.
National Economy Under-secretary Alekos Baltas represented
Greece in the council session.
[13] 40 SPD Euro-MPs congratulate Simitis over Crete summit
Bonn, 28/11/1997 (ANA - P. Stangos)
Forty German SPD Eurodeputies have sent Prime Minister Costas
Simitis congratulations for the Crete summit of southeast
European nations held earlier this month on the island,
promising every help from the Europarliament and the EU in
general.
The text of their address, dated Nov. 5, 1997, was publicized
yesterday in Bonn. It was signed by the head of the SPD Euro-MPs
in Strasbourg, Willy Gerlach.
[14] More than 68,000 new members enlist in PASOK
Athens, 28/11/1997 (ANA)
PASOK Secretary Costas Skandalidis said yesterday that new
members signed in the ruling party have now reached more than
68,000.
Based on the 150,000 members PASOK previously listed, the new
members represent a 40 per cent increase, assuming that veteran
members will renew their membership cards, he said. The deadline
for the new membership drive is Dec. 31, while PASOK's leaders
hip expects more members to sign up.
In reference to a proposal by Athens Mayor Demetris Avramopoulos
for a joint PASOK-New Democracy candidate in next year's Athens
municipality race, Mr. Skandalidis rejected the idea, saying an
Avrampoulos candidacy would in no way be PASOK's choice.
[15] Parliament to debate issue of allegedly rigged football matches
Athens, 28/11/1997 (ANA)
Parliament will debate a tabled question submitted by 123
deputies of all parties, except the Communist Party, stressing
that allegations of match rigging in the Greek soccer
championships was one of the main causes of football violence.
"It is a common belief among supporters that the championships
in all divisions and the team standings are not judged on the
pitch but are cooked up in backstage deals," the statement reads.
"Every Sunday fans witness appalling mistakes by referees,
which, of course, are not human mistakes, and in most cases
influence the outcome of crucial matches," the statement added.
Three players and a policeman were slightly injured during a
violent flare up after the Ionikos-Olympiakos match last Monday,
when fans invaded the pitch.
Commenting, government spokesman Demetris Reppas described the
claims in the statement as exaggerated and unfounded by
evidence, promising that they would be looked into and any blame
due apportioned.
He also said that a broad meeting including sports officials and
representatives of the public order and justice ministries, and
called by Sports Under-secretary Andreas Fouras yesterday, was
in the context of such efforts.
The closed meeting was also attended by 17 of the 18 first
division soccer club chairmen, with the exception of Giorgos
Vardinoyiannis, from the Panathinaikos club.
The Communist Party (KKE) parliamentary spokesman Stratis
Korakas, meanwhile, protested that "the deputies of the other
parties did not ask KKE to co-sign the statement," and reminded
that eight deputies of his party had already tabled a relevant
quest ion, which "did not cover the whole subject superficially,
but drew attention to the economic and political practices of
the big-time soccer interests, but also the government's
responsibilities".
[16] Clubs' meeting
Athens, 28/11/1997 (ANA)
Meanwhile, the meeting of sports officials produced a number of
decisions to counter football violence.
These include that sports justice will be conducted by civil
judges, strict application of existing legislation, and that
referees will acquire professional status.
It was also decided to place emphasis on prevention and
effective policing through the installation of closed-circuit
television on football grounds, beginning with the Olympic and
the AEK stadiums in Athens, as well as stricter controls on fans
on their way to the grounds. Penalties for fans arrested will
also be stiffened.
[17] Earthquakes off western Peloponnese
Athens, 28/11/1997 (ANA)
Two earthquakes jolted western Greece yesterday morning. Their
epicenters were in the sea south of the island of Zakynthos, but
there were mixed reports on their magnitude.
The Athens Geodynamic Institute said the first quake at 4:27
a.m. measured 5.2 on the Richter scale and the second quake, at
6:29 a.m., measured 5.3 Richter.
Earlier in the day, the Patras University Seismology Laboratory
had given magnitudes of 4.5 and 4.7 Richter respectively.
There were no immediate reports of damage.
The epicenters were in the same region that produced a 6.6
Richter quake on November 18.
[18] Prosecutor in Balafas trial calls for conviction on weapons
charge
Athens, 28/11/1997 (ANA)
The prosecutor at the controversial ongoing trial of Giorgos
Balafas yesterday called for his conviction only on a charge of
illegal weapons possession, while expressing doubt about his
participation in other crimes he's accused of participating in.
Mr. Balafas is charged with involvement in the assassination of
prosecutor Georgios Theophanopoulos and a bloody supermarket
robbery that resulted in one death.
He was also accused of being a member of the shadowy "Antistate
Struggle" terrorist group since the early 1980s, keeping weapons
used in the attacks in an apartment rented under his name.
"His initial participation in the group does not necessarily
prove his participation in the crimes. But there is no doubt
that he consciously accepted to keep the weapons," said the
prosecutor.
Mr. Balafas himself denied all charges, saying that he never
rented the flat himself.
[19] Greece repeats backing for simultaneous EU entry talks
London, 28/11/1997 (ANA - L. Tsirigotakis)
Foreign Minister Theodoros Pangalos reiterated late Tuesday that
the European Union should begin talks simultaneously with 11
countries seeking to join the 15-nation bloc.
"When the decision is taken on enlargement negotiations, it
should concern all candidate countries, " Mr. Pangalos told the
BBC in an interview.
The EU's executive Commission recommended in July that Poland,
Hungary, the Czech Republic, Slovenia and Estonia, five of 10
eastern European candidates, could begin accession talks in
April 1998 along with Cyprus. But it said the other five
candidates - Latvia, Lithuania, Slovakia, Bulgaria and Romania -
still had much ground to cover in the transition to a market
economy and should await a second round of enlargement talks.
"Regardless of whether there are two speeds for accession,
Greece believes that positive political messages should also be
given to Bulgaria and Romania, that they, too, will become
members," Mr. Pangalos said.
Difficulties could arise from enlargement, mainly stemming from
the economic cost of accession, although the prospects would
improve for trade and communications, he added.
Brushing off a question on a possible reduction of net benefits
from EU funds due to enlargement, Mr. Pangalos said equality
among member states was the primary issue, and all would
continue to benefit from EU funds. Asked whether Greece would
veto the membership of other candidates, such as Hungary, over
hitches in Cyprus' accession, Mr. Pangalos said the EU had
already set a date for the start of talks with Cyprus, which was
ready to take part in economic and monetary union.
[20] Greek equities end higher in scant trade
Athens, 28/11/1997 (ANA)
Greek stocks again finished higher yesterday but turnover
remained thin in lackluster trade. The Athens general share
index closed up 1.07 percent at 1,436.66 points with 13.6
billion drachmas changing hands.
Sector indices rose across the board. Banks gained 0.08 percent,
Insurance increased 1.14 percent, Leasing edged up 0.26 percent,
Investment rose 1.79 percent,
Construction crept up 0.55 percent, Industrials soared 2.11
percent, Miscellaneous increased 1.37 percent and Holding jumped
3.13 percent.
The parallel market for smaller cap stocks finished 2.51 percent
higher. Of 232 stocks traded 129 advanced and 78 declined with
25 remaining unchanged. Recording the largest percentage gains
were Mouriadis, Klonatex (preferred), Metrolife, Elve Apparel
and Klaoudatos, which all ended at or near the eight percent
upper volatility limit.
The day's biggest losers were Balkan Export (preferred), Agrinio
Metals and Plastics, Viosol (preferred), Tzirakian Profil
(preferred), which closed at or near limit down at eight percent.
Among blue chips National Bank of Greece finished at 25,350
drachmas, Ergobank at 14,900, Alpha Credit Bank at 16,580, Delta
Dairy (common) at 3,320, Titan Cement (common) at 12,600, and
Intracom (common) at 13,000.
[21] Two more Greek banks join ATM system
Athens, 28/11/1997 (ANA)
Two more Greek commercial banks, Bank of Athens and Attica Bank,
joined Diasnet, a bank payment system. Diasnet operates 1,770
automatic teller machines around the country.
[22] Six Greek deputies want to abolish bank penalty rates
Athens, 28/11/1997 (ANA)
Six deputies of Greece's ruling PASOK party proposed an
amendment abolishing the right of banks to impose penalty rates
on their loan customers.
The deputies - Leonidas Tzannis, Anastasios Saatzoglou, Ioannis
Kourakis, Panagiotis Tsertikidis, Ioannis Thomopoulos and
Demetrios Georgopoulos - argued that the imposition of penalty
rates had led to widespread social problems among borrowers who
were unable to make repayments for reasons beyond their control.
The amendment is expected to be debated in parliament next week.
[23] Greek companies' exhibition in FYROM
Athens, 28/11/1997 (ANA)
The first exhibition of Greek companies in the Former Yugoslav
Republic of Macedonia (FYROM), scheduled between Dec. 3-6, is
expected to contribute to an improvement of trade and friendly
relations with the neighboring country, HELEXPO managing
director Antonis Kourtis said during a press conference in
Skopje yesterday.
Mr. Kourtis thanked the director of Skopje's exhibition center,
Tome Talefski, for his help and co-operation in organizing the
event, and said "the first indications of the interest exhibited
by Skopje businessmen show that the results will vindicate our
efforts".
Additional events include a performance of Sophocles' "Ajax" at
the city's theater on Dec. 4, a forum on business co-operation
on the same day and a fashion show the next day.
[24] Macedonia-Thrace Bank holiday loans
Athens, 28/11/1997 (ANA)
Macedonia-Thrace Bank has initiated a special personal loans'
program, entitled the "giftloan". A loan amount can range from
300,000 to one million drachmas with an annual interest rate at
17.5 per cent and with a duration of up to 12 months.
[25] Fanco projects shift of production to other Balkan nations
Athens, 28/11/1997 (ANA)
The Fanco apparel company's investment program projects the
transfer of the greater part of its production activities to the
Balkans.
During 1997 the company transferred 65 per cent of its cutting
and sewing production to Bulgaria and Albania. A total of 80 per
cent of these activities will be transferred by the end of the
program.
[26] Withholding tax system again the focus of debate
Athens, 28/11/1997 (ANA)
The issue of the withholding tax system was addressed again by a
relevant Parliamentary committee debating the new state budget,
although National Economy Minister Yiannos Papantoniou made it
clear "that the government will not accept whatever other
reference to taxation issues."
He said the stance emanates from the fact that the government
believes that what is of primary importance is the debate on the
content of the budget."
Mr. Papantoniou insisted that taxation issues must be discussed
when the relevant bill is submitted in Parliament and whatever
proposals will be examined then.
Earlier, Finance Under-secretary George Drys had replied to
accusations by the main opposition New Democracy party on "a
change in the government's position and course following
intraparty reactions."
Mr. Drys accused ND of "resorting to crocodile tears", adding
that "nothing is more untrue that what is being claimed."
He reiterated what Mr. Papantoniou had stated on Wednesday,
namely, that as of Jan. 1, 1998, every month and on a 14-month
basis (bonuses are included) only the amount corresponding to
the taxpayer will be withheld.
[27] Pensioners' demands rejected
Athens, 28/11/1997 (ANA)
In another development, Mr. Papantoniou told pensioners
yesterday that there is no prospect for other taxation
concessions on behalf of the government.
He told the representatives of the pensioners' organizations'
coordinating committee that the taxation issue is closed.
Earlier, pensioners organized a protest rally in downtown
Kaningos Square and then marched to the national economy
ministry.
The demonstrators' claims focused on an increase in the tax-free
amount for salary earners and low-pension earners as well as an
increase in pensions to equal 20 daily wages or 80 per cent of a
monthly salary. The pensioners' representatives termed the
meeting with Mr. Papantoniou "fruitless" and said they will
continue their efforts.
End of English language section.
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