Athens News Agency: Daily News Bulletin in English, 97-12-23
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No 1374), December 23, 1997
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] Iran, Armenia and Greece sign memorandum of understanding
[02] ... Kaklamanis
[03] Turkey charges espionage by consulate employee, Greece rejects
claim
[04] ... New Turkish ambassador presents credentials
[05] President receives seven new envoys
[06] Premier to meet new US ambassador today
[07] Railway traffic in on Athens-Thessaloniki line restored
[08] Three PASOK deputies dismissed from Parliamentary group
[09] ... Reactions
[10] ... Peponis
[11] Budget vote a vote of confidence for Gov't
[12] Albanian minister: 600,000 weapons taken from bases during
uprising
[13] ND committee focusing on Gov't contracts convenes
[14] Recovery efforts at Ukrainian jet's crash site continue
[15] ... Gov't on airport maps
[16] ... Zepessen map
[17] Well-known journalists Trogadis, Voulgaris pass away
[18] Greek stocks hit by rising domestic interbank rates
[19] Cosmote launches mobile network in January
[20] State securities dematerialization begins
[21] ELBO to supply armed forces with 2,000 jeeps
[22] Pro football clubs post total losses of 23.5 billion
[23] Citibank interest rates
[24] EOT on decree on travel agencies
[25] High court ruling on hotel reservations
[26] Three individuals summoned over Delta Chrimatistiriaki fraud
[27] Papoutsis-Avramopoulos meeting over Athens' tourism prospects
[01] Iran, Armenia and Greece sign memorandum of understanding
Athens, 23/12/1997 (ANA)
Iran, Armenia and Greece yesterday signed a memorandum of
understanding providing for co-operation in four general
sectors, following a tripartite meeting of the respective
foreign ministers in Athens.
The first sector is transport, postal services and
telecommunications; the second tourism; the third industry,
technology as well as the economy and the fourth is the energy
sector.
Foreign Minister Theodoros Pangalos and his Iranian and Armenian
counterparts, Kamal Kharrazi and Alexander Arzoumanian,
respectively, decided also to arrange meetings of experts in
these sectors in the first quarter of 1998.
After these initial meetings, implementation of the memorandum
will be pursued at the level of foreign minister
secretaries-general or undersecretaries.
The tripartite co-operation began in 1995 and the last meeting
at ministerial level took place in Tehran in 1996.
Speaking at a press conference after the talks, Mr. Pangalos
said it was the intention of the three countries to further
develop their co-operation in other sectors also and, for this
purpose, the foreign ministers would meet again some time next
year.
He underlined that the co-operation was not a "closed shop" and
was not directed against any other country.
During the talks, other issues of interest to the three
countries were discussed, including the problem of
Nagorno-Karabakh and the situation in Afghanistan.
At a luncheon which followed the signing of the memorandum, Mr.
Pangalos briefed his counterparts on Greece's position vis-a-vis
Turkey's role concerning Athens. Earlier, Mr. Pangalos had
separate meetings with both of his counterparts, who later in
the day were received by President Kostis Stephanopoulos and
Prime Minister Costas Simitis.
Mr. Arzoumanian described the bilateral relations between the
three countries as "excellent" and that the memorandum signed
would facilitate the expansion of their economic co-operation in
the region.
Mr. Pangalos said the international community should be grateful
to Iran because the country was providing sanctuary for one
million refugees from Afghanistan without any international
assistance.
He said that most Western governments created an enormous fuss
over 5,000-10,000 Albanian or Kurdish refugees arriving in their
countries at the same time that Iran was taking care of a huge
number of people without anybody even mentioning it.
Mr. Pangalos also criticized the European Union, saying it had
not concerned itself as it should with the problem of
Afghanistan, which it continued to treat as a secondary issue.
He said if Iran and Russia undertook an initiative on the Afghan
problem, Greece would support it since it believed that both
countries had notable diplomatic experience which they displayed
in their previous initiative on Tadjikistan.
[02] ... Kaklamanis
Athens, 23/12/1997 (ANA)
Parliament President Apostolos Kaklamanis also had separate
meetings with the foreign ministers of Iran and Armenia.
Iran's Kharrazi expressed Tehran's thanks to Greece for its
"positive stance" over the recent crisis in relations between
Iran and the European Union.
Mr. Kharrazi said relations between Athens and Tehran were
"exceptional and exemplary" and requested Athens' help in
further strengthening ties with the EU, adding that there had
been a change in stance by other countries towards Iran recently.
Mr. Kaklamanis referred to the traditional ties of friendship
between the Greek and Iranian peoples and stressed Greece's
interest in Iran's efforts for growth and progress in all
sectors.
He said procedures to ratify bilateral agreements were under
way. Both men discussed prospects of further developing
parliamentary co-operation between the two countries through
visits by committees and parliamentary friendship groups.
Mr. Kharrazi extended an invitation from the Iranian parliament
president to Kaklamanis to visit Tehran.
Armenia's Arzoumanian requested Greece's help in Yerevan's
European orientation and in international parliamentary
organizations, during his meeting with the Greek official.
Mr. Kaklamanis said the productive co-operation between Greece
and Armenia reflected the close ties which linked them, noting
that the strong Armenian community in Greece was another link.
Mr. Arzoumanian briefed Mr. Kaklamanis on the situation in
Nagorno-Karabakh, stressing that Armenia was ready to conduct
negotiations to resolve the conflict if there were international
guarantees.
Mr. Arzoumanian, too, extended an invitation to Kaklamanis to
visit Yerevan.
[03] Turkey charges espionage by consulate employee, Greece rejects
claim
Ankara, 23/12/1997 (ANA - A. Ambatzis)
A Turkish foreign ministry spokesman yesterday said that an
administrative employee at Greece's consulate in Istanbul was
asked to leave Turkey in a week, charging that he "is accused of
actions not becoming his post, such as collection of
information."
Spokesman Sermet Atacanli was responding to a question about the
alleged involvement of the Greece's military attachi in Ankara.
He said that he has "no information about the involvement of
anyone from the Greek embassy. Other agencies could have
information, but the foreign ministry does not know."
He also added that at this point he cannot give out more details.
On its part, Greece rejected the Turkish claims that an
Istanbul-based Greek diplomat was engaged in espionage, saying
the claims were "false".
"The Turkish claims are untrue," government spokesman Demetris
Reppas said. "The Turkish authorities have failed to
substantiate them".
Mr. Reppas said that Ankara's stance "indicated a disposition
towards cooling relations between the two countries, something
which Greece does not desire."
If Ankara expels the diplomat, he added, the Greek foreign
ministry will respond in a similar fashion.
[04] ... New Turkish ambassador presents credentials
Athens, 23/12/1997 (ANA)
Turkey's new ambassador to Greece, Ali Tinaz Tuygan, yesterday
presented his credentials to President Kostis Stephanopoulos,
expressing a hope for an improvement in Greek-Turkish relations.
Welcoming Ankara's new envoy, Mr. Stephanopoulos expressed
"cer-tainty" that the arrival of the new ambassador would be
"significant in the improvement of relations between the two
countries."
Mr. Tuygan replaces Umit Pamir, who has been appointed as
diplomatic adviser to Turkish Premier Mesut Yilmaz.
The 53-year-old new ambassador held several posts as Counsellor
at the Turkish embassies in Washington and Baghdad and the
permanent Turkish delegation to NATO in Brussels. He also served
as chief of cabinet of the Turkish president of the republic.
His latest ambassadorial posts were first in Ottawa (1989-92)
and then Riyadh (1992-94). His latest post before being coming
to Athens was that of ambassador, deputy under-secretary for
political affairs at the Turkish foreign ministry.
[05] President receives seven new envoys
Athens, 23/12/1997 (ANA)
Greece's President Kostis Stephanopoulos yesterday received the
credentials of seven new ambassadors to Greece, at a ceremony
held in the presence of Foreign Under-secretary Yiannos
Kranidiotis and the Secretary-General of the Presidency of the
Republic Emmanuel Gikas.
The new ambassadors to Greece are: United States, Nicholas
Burns; Turkey, Ali Tuygan; Algeria, Kamel Houhou; Jordan, Ahmad
Sataa'n Al-Hassan; Saudi Arabia, Ali Bin Majid Kabani; Ukraine
Yuriy Sergeov; and Bangladesh, Mohammad Ruhul Amin.
While greeting the new US ambassador to Greece, Mr.
Stephanopoulos said: "I do not need to refer to Greek-US
relations which are always exceptional".
The president expressed the conviction that Mr. Burns's
appointment as ambassador would serve to further strengthen the
ties between the two countries.
[06] Premier to meet new US ambassador today
Athens, 23/12/1997 (ANA)
Prime Minister Costas Simitis will meet with Washington's new
ambassador to Athens Nicholas Burns today, government spokesman
Demetris Reppas said yesterday.
The spokesman said Mr. Burns would brief the Greek prime
minister on recent talks between US President Bill Clinton and
Turkish Prime Minister Mesut Yilmaz in Washington.
[07] Railway traffic in on Athens-Thessaloniki line restored
Athens, 23/12/1997 (ANA)
Greek Railways Organization (OSE) personnel successfully
dislodged the last rail car from the Athens-Thessaloniki rail
line near Lamia yesterday, after coaches and a locomotive
collided on Saturday with several boulders that had previously
fallen on the tracks.
The intercity train was partially derailed on Saturday morning
while traveling from Athens to Thessaloniki.
[08] Three PASOK deputies dismissed from Parliamentary group
Athens, 23/12/1997 (ANA)
Prime Minister Costas Simitis yesterday dismissed three deputies
from ruling PASOK's parliamentary group after they failed to
fully support the 1998 budget during the vote in Parliament on
Sunday night by qualifying their vote for the budgets of
particular ministries.
Moschos Gikonoglou, Vassilis Kedikoglou and Christos Kipouros
"selectively supported PASOK policy" during the budget debate, a
statement from the prime minister read.
"This stance does not correspond with the requirement of
membership in the PASOK parliamentary group. From now on, they
will not participate in the PASOK parliamentary group".
Government spokesman Demetris Reppas later said there was no
issue of the three being expelled from the party.
"Costas Simitis, as president of the PASOK parliamentary group,
judged that their stance in a critical vote was not compatible
with their membership in the Parliamentary group," Mr. Reppas
said, adding "each person chooses their own path and takes
responsibility for that choice."
The budget vote, he added, was tantamount to a confidence vote
for the government, and any person not bound by collective
decisions was responsible for their choices and consequences.
Mr. Reppas said that the move was not a disciplinary measure,
"when there is systematic distancing and undermining of
decisions taken by collective bodies".
The spokesman said yesterday's move was not the same as former
prime minister Andreas Papandreou's decision to remove Mr.
Kedikoglou and two other PASOK MPs from the Parliamentary group
in 1992, saying that the 1992 case involved public statements,
while yesterday's case involved the budget vote in Parliament.
He reiterated that the expression of differing viewpoints should
take place in party bodies adding that the parliamentary group
was obli-ged to support the government's policies.
He rejected claims that Mr. Simitis had hardened his stance or
sent a message to party dissenters, saying he "sent a message to
the people that the prime minister and the government will
complete the task they have been entrusted with by the people".
Mr. Simitis was completely within his rights as defined by the
charter of the parliamentary group, PASOK Secretary Costas
Skandalidis said later.
At the last meeting of the parliamentary group, the prime
minister had stressed the need for a united front and all the
deputies were aware of the prime minister and PASOK bodies'
stance, Mr. Skandalidis said.
He, too, said there was no issue of expelling the three from the
party.
[09] ... Reactions
Athens, 23/12/1997 (ANA)
Vassilis Kedikoglou expressed surprise yesterday over Mr.
Simitis' decision to dismiss him from the party's Parliamentary
group.
Mr. Kedikoglou reminded that Mr. Simitis himself, when the late
Andreas Papandreou was in power, violated a collective party
decision and voted against defense expenditures contained in a
state budget.
He also reminded that Mr. Simitis himself had criticized a
similar decision by the PASOK founder, saying that dismissals
are no solution.
Commenting on his dismissal from PASOK's parliamentary group,
Evros deputy Christos Kipouros made the following statement:
"As I had announced in advance, in my address during the debate
in parliament on the budget, I would not vote for funds
concerning the Egnatia motorway. This was necessitated by my
duty as a representative of a region of Thrace and on an issue
which does not merely concern Thrace but, by extension, concerns
the entire country and its orientations. There was never any
collective decision in PASOK on the issue of the Egnatia
motorway."
"The government claims that the Egnatia motorway is being
implemented and completed. However, reality is completely
different... I could not remain silent," he said.
"The government claims that the Egnatia project is being
realized and completed. The reality, however, is completely
different. I could not keep my silence on this major issue. It
would be tantamount to my nullifying my role as a
parliamentarian of the Greek Parliament and of PASOK."
[10] ... Peponis
Athens, 23/12/1997 (ANA)
In a related development, former PASOK minister Anastasios
Peponis reacted strongly to Mr. Simitis' decision to dismiss the
three from the party's Parliamentary group.
In a written statement, Mr. Peponis expressed regret over the
premier's decision and over the meaning which, as he said, he
inferred from.
Mr. Peponis said the prime minister doubts their right to
express individual reservations.
He said that the decision is reminiscent of the mentality of a
victor against the vanquished, while even the intention of
controlling PASOK and turning it into a party subjected to a
specific group appears.
"It will prove to be a fatal mistake if the President of PASOK
looks to support passing through threats and intimidation," he
said.
[11] Budget vote a vote of confidence for Gov't
Athens, 23/12/1997 (ANA)
Prime Minister Costas Simitis said early yesterday that the
passing of the 1998 state budget by Parliament confirmed that
the economy was continuously improving and that efforts had to
be intensified "so that Greece can participate on an equal basis
in the process of European integration".
Parliament late on Sunday night passed the budget by 163 to 136
votes.
"The passing of the budget confirms that the majority of
Parliament approves of the policy we are following... the policy
for a strong Greece," Mr. Simitis said.
"In the years to come, we shall unswervingly continue this
course because Greece must have an even stronger voice and play
an important role. We need to have a strong economy and the aim
of our economic policy is to secure precisely this," the premier
added.
[12] Albanian minister: 600,000 weapons taken from bases during
uprising
Tirana, 23/12/1997 (ANA - P. Haritos)
Albanian Defense Minister Sabit Brokaj said that he is
cautiously optimistic about the rate of restructu-ring of
Albania's armed forces since he took up the post five months ago.
The Albanian defense minister estimated that about 600,000
weapons were removed from military installations during the
crisis in the neighboring nation earlier in the year, including
heavy weaponry.
Mr. Brokaj confirmed that a large number of weapons have been
exported to Greece, adding however, that precise estimates are
impossible.
[13] ND committee focusing on Gov't contracts convenes
Athens, 23/12/1997 (ANA)
A special committee on transparency created by the main
opposition New Democracy party a few days ago convened for the
first time yesterday, examining the issue of major state
contracts.
The committee stressed the need to safeguard transparency and
the good management of funds provided through the state
contracts. It was ascertained that it is not ensured that
enterprises undertaking such contracts will have both their
headquarters and production in Greece.
ND maintains that there are no safeguards to insist on the use
of modern technology or to acquire the best possible price.
The meeting was chaired by ND leader Costas Karamanlis and was
attended by committee president Ioannis Kefaloyiannis and George
Souflias, among others.
[14] Recovery efforts at Ukrainian jet's crash site continue
Athens, 23/12/1997 (ANA)
The bodies of 55 of the 71 passengers and crewmembers of the
Ukrainian Yakovlev-42 plane that crashed in the Pieria mountains
last Wednesday were taken to a Thessaloniki hospital yesterday.
Hospital sources said 40 bodies were identified, while another
seven victims, including three crewmembers were identified by
Ukrainian coroners.
Special tests, such as dental X-rays and DNA tests, will be
carried out for those of the victims that have not been
identified so far.
Meanwhile, Greek and Ukrainian experts visited the site of the
crash, examining the plane's wreckage to determine the exact
causes of the accident.
Prime Minister Costas Simitis told Parliament on Sunday evening
that the accident and the crash of a C -130 military transport
plane taking part in the operation to locate the downed airliner
would be discussed at an upcoming session in Parliament.
On his part, President of the Republic Kostis Stephanopoulos
reiterated his condolences and regret over the tragic loss of
life.
Mr. Stephanopoulos was speaking during the presentation of the
credentials of the new Ukrainian ambassador to Athens, Yuriy
Sergeov. The president said the accident "has profoundly
affected us all", particularly as it came a few days after the
president's official visit to the Ukraine.
Ukraine President Leonid Kuchma responded to the Greek
president's message of condolences, sent earlier. "It was with
great grief that I was informed of the terrible and tragic crash
of the Ukrainian aircraft which resulted in the loss of Greek
lives.
On behalf of the Ukrainian people and myself, I am extending my
deepest and sincere condolences to the relatives of the victims
of this great accident."
Mr. Kuchma also sent Mr. Stephanopoulos a letter of condolences
over Saturday's crash of a C-130 transport plane, which claimed
the lives of five crewmembers.
The three "black boxes" (flight data recorders) of the ill-fated
Yakovlev-42 are currently being examined by the committee of
experts set up by the Civil Aviation Authority (CAA) to
ascertain the cause of the crash.
Informed sources said that despite external damage to the flight
data recorders, components inside do not appear to have been
damaged.
[15] ... Gov't on airport maps
Athens, 23/12/1997 (ANA)
In a related development, government spokesman Demetris Reppas
said that the latest official publication of relevant
international organizations did not state that Thessaloniki
airport was equipped with a radar system to facilitate the
approach of aircraft.
However, he did not rule out the possibility of publications by
"private" organizations stating the contrary.
Although such a landing approach radar (Instrument Landing
System or ILS) had been purchased for Thessaloniki international
airport, it had not been installed.
There has been speculation in the Greek press that if the ILS
had been operational, it might have helped avert the crash of
the Yakovlev-42.
On Thursday, Reppas said it was wrong to link the crash with the
fact that the airport did not have an ILS until the relevant
investigation had been completed.
"Until the investigation has been completed," he reiterated
yesterday, "the government advises caution, because to draw
premature conclusions is very risky."
The main opposition New Democracy (ND) party, meanwhile, decided
to request the formation of a fact-finding committee to
ascertain whether any particular persons or agencies were in any
way responsible for the crash of the Ukrainian aircraft.
The decision was taken at a meeting of the shadow cabinet
chaired by ND leader Costas Karamanlis which also expressed the
view that the governor and deputy governor of the Civil Aviation
Authority should be dismissed.
ND spokesman Aris Spiliotopoulos charged that the state
machinery had "disintegrated" during the search for the Yakolev
and attributed responsibility to Transport and Communications
Minister Tassos Mantelis, saying "no one had the courage to
install the (ILS) radar, which remained in storage for 21
months".
Although ND deputies had on Nov. 17 tabled a question in
Parliament on the issue of the airport radar, Mr. Spiliotopoulos
continued, "the government remained totally indifferent".
[16] ... Zepessen map
Athens, 23/12/1997 (ANA)
The German company Zepessen had never been given details by
Greek authorities relating to a state-of-the-art radar system at
Thessaloniki's Macedonia Airport, the deputy director of the
Civil Aviation Authority (YPA) Mr. Georgarakis said yesterday.
The YPA official was replying to certain reports stressing that
the pilot of the crashed Ukrainian passenger jet was using a
navigational map which showed that Macedonia Airport was
equipped with such a radar, and had probably been expecting to
be directed by it in landing.
YPA contacted Zepessen, which said that the information it had
about the existence and operation of a radar in Macedonia
Airport had been taken from military sources, not civil.
As a result, the navigational map designed by Zepessen contained
information about the airport that was wrong.
According to YPA, contracts are signed between all airlines
around the world with local civil aviation authorities, in which
all details about available means and assistance to pilots are
expressly stated, a fact which leads to the possible conclusion
t hat the Yakovlev-42 pilot was not aware that no radar was
installed at Macedonia Airport.
[17] Well-known journalists Trogadis, Voulgaris pass away
Athens, 23/12/1997 (ANA)
Government spokesman Demetris Reppas expressed the sorrow of
both the government and himself personally yesterday over the
deaths of longtime journalists Pantelis Trogadis and Costas
Voulgaris, saying they were two distinguished journalists.
Mr. Reppas said Pantelis Trogadis offered his services from
various positions with vigor.
Trogadis died Sunday afternoon of a heart attack at the age of
65. He was born in Stimanga, Corinth, and had been a reporter
with several newspapers and broadcast media outlets both abroad
and in Greece.
Trogadis had also served as the Athens News Agency's
correspondent in Strasbourg from 1987 to 1990. His last post was
as director of Greek Radio's (ERA) Fifth Program.
He will always be remembered by friends and colleagues as a
progressive and sincere journalist who had always fought for
democratic ideals. His contribution to the press in Greece and
expatriate Greeks was invaluable.
The management and employees of the Athens News Agency expressed
their sympathy to his family.
In addition, the Coalition of the Left (Synaspismos) expressed
its deep sorrow at Trogadis' death, underlining that his long
service was a bequest for the new generations.
Mr. Reppas said veteran "Kathimerini" columnist Voulgaris helped
readers understand things and to approach issues preoccupying us
with calm.
Voulgaris was best known as the writer behind the "Paratiritis"
(Observer) column.
He died on Saturday at the age of 69 after a short
hospitalization.
[18] Greek stocks hit by rising domestic interbank rates
Athens, 23/12/1997 (ANA)
Greek equities came under strong pressure on the Athens Stock
Exchange yesterday to end substantially lower.
Traders said the market was worried over developments in the
governing PASOK party, rising interest rates in the domestic
money market and extreme volatility in international markets.
Bank of Greece's sources reported outflows totaling 320 million
ECUs at the drachma's fixing in the domestic foreign exchange
market. Bankers said the incident should not be a cause of
concern and stressed that foreign investors were changing their
short-term positions in the market ahead of the Christmas
holidays.
The general index closed 2.04 percent down at 1,461.21 points.
Trading was extremely heavy with turnover at 51 billion drachmas
reflecting transactions of large blocks of shares.
Sector indices lost ground. Banks fell 2.24 percent, Insurance
eased 0.63 percent, Leasing dropped 1.82 percent, Investment was
1.44 percent off, Constructions fell 2.94 percent, Industrials
ended 2.09 percent down, Miscellaneous fell 2.81 percent and
Holding dropped 2.08 percent.
The parallel market index for small cap companies lost 1.59
percent while the FTSE/ASE index ended 1.92 percent down at
834.65 points.
Broadly, decliners led advancers by 177 to 33 with another 19
issues unchanged.
Etma, Boutaris, Dane and Desmos scored the biggest percentage
gains at the day's upper limit of 8.0 percent, while Keranis,
Mesochoritis, Ridenco and Viosol suffered the heaviest losses.
National Bank of Greece ended at 24,990 drachmas, Ergobank at
14,500, Alpha Credit Bank at 16,180, Delta Dairy at 3,240, Titan
Cement at 12,800, Intracom at 13,105 and Hellenic
Telecommunications Organization at 5,800.
[19] Cosmote launches mobile network in January
Athens, 23/12/1997 (ANA)
Cosmote, Hellenic Telecommunications Organization's mobile phone
subsidiary, will start operating on the axis
Athens-Thessalonica-Patras by the end of January.
Hellenic Telecoms (OTE) chairman Demetris Papoulias said
yesterday that the company has already started taking
subscriptions and stressed that any delay in launching of
Cosmote's services was a result of problems faced by a new TV
set up company.
Mr. Papoulias said that the company's next target is extending
the mobile phone network to Larisa, Katerini, Halkidiki
prefecture and Halkida.
Cosmote is offering free connection to users for the first four
months of their subscription.
OTE's chairman said he hoped that a five-year investment
program, totaling 1.3 trillion drachmas, would maintain the
company's leadership in the market.
He also said that OTE would promote measures to cut operation
costs in order to boost earnings and create a modern and
competitive network.
[20] State securities dematerialization begins
Athens, 23/12/1997 (ANA)
Greek authorities yesterday announced the beginning of a
dematerialization process for state securities such as
interest-bearing bills and bonds.
The process will start with the dematerialization of drachma
bonds issued on December 27, 1995 with seven year duration.
The National Bank of Greece noted its customers, holders of the
specific bond issues, to confirm the order of dematerialization
of their holdings.
The dematerialization process of state securities would
contribute in modernizing Greece's bond derivatives market and
trading settlement.
[21] ELBO to supply armed forces with 2,000 jeeps
Athens, 23/12/1997 (ANA)
The Hellenic Vehicle Industry (ELBO) is expected to sign a
contract worth 30 billion drachmas with the national defense
ministry for the production of 2,000 one-ton military jeeps for
the country's armed forces.
The contract will be signed today at ELBO's facilities in Sindos
by Defense Minister Akis Tsohatzopoulos and ELBO Chairman
Lykourgos Sakelaris.
[22] Pro football clubs post total losses of 23.5 billion
Athens, 23/12/1997 (ANA)
Most Greek pro football clubs (PAE) are "loss-making" and
"illegal" according to the development ministry.
A document addressed to Sports Under-secretary Andreas Fouras by
the general secretariat of commerce states that several PAEs
have not submitted for publication their balance sheet for the
fiscal year from July 1, 1996 to June 30, 1997, while most post
losses.
It is characteristic that the 18 pro clubs in the Greek first
division have total losses amounting to 23.5 billion drachmas.
The development ministry's document gives administrations of
PAEs a 15-day limit to submit supporting documents for their
balance sheets, as anticipated by law. They also have a
two-month period to convene a general assembly of shareholders
to decide either to increase their share capital or dissolve the
company.
[23] Citibank interest rates
Athens, 23/12/1997 (ANA)
Citibank yesterday announced the following interest rates for
accounts in foreign exchange:
US dollar 9.15 per cent; Japanese yen 3.58 per cent; deutschmark
6.92 per cent; ECU 7.64 per cent; Dutch florin 6.85 per cent;
French franc 6.88 per cent; pound sterling 10.90 per cent; Swiss
franc 4.79 per cent; Belgian franc 7 per cent and Italian lire
9.20 per cent.
[24] EOT on decree on travel agencies
Athens, 23/12/1997 (ANA)
National Tourism Organization (EOT) general secretary Nikos
Skoulas said yesterday that no-one will be taken by surprise by
a new presidential decree governing the operation of tourist and
travel agencies.
Mr. Skoulas said the decree will be the result of dialogue
between all parties involved.
[25] High court ruling on hotel reservations
Athens, 23/12/1997 (ANA)
The Supreme Court yesterday ruled that in case of partial
cancellation of hotel room reservations, all rooms initially
reserved and subsequently not used must be paid for in full.
The ruling overturned a decision by a Corfu appellate court that
reviewed a case were a travel agency had reserved 250 rooms for
12 days in April 1988 for a high school trip. The appellate
court verified that the travel agency did not notify the hotel 2
1 days in advance of the partial cancellation, as required. As a
result, rooms worth a total of 2.1 million drachmas went unused.
While the lower court decided to award half the cost of the
unused rooms, the Supreme Court awarded the full amount, ruling
in favor of the plaintiffs.
[26] Three individuals summoned over Delta Chrimatistiriaki fraud
Athens, 23/12/1997 (ANA)
Individuals and legal entities involved in the Delta
Chrimatistiriaki brokerage firm fraud case will be summoned for
questioning by a special judicial examiner.
Indictments have already been issued for the president and two
executives of the now defunct brokerage firm, with all three
given until Jan. 22 to prepare their testimony.
[27] Papoutsis-Avramopoulos meeting over Athens' tourism prospects
Athens, 23/12/1997 (ANA)
The European Commission fully supports Athens municipality's
initiatives for the Greek capital's tourism promotion and
development, according to statements by EU Commissioner Christos
Papoutsis yesterday after meeting Athens Mayor Demetris
Avramopoulos.
"Athens constitutes the gateway to Europe in the tourism sector
and the initiative for the creation of an Athens council of
tourism with the main aim of strengthening the tourist activity
and the role of Athens in the future is in this direction," Mr.
Papoutsis said.
"It is an initiative of particular importance and for this
reason I hailed it from the very first moment and I will support
it with all the powers provided by the European Commission," he
added.
It was agreed at the meeting to have a common examination by the
mayor, the Athens Council of Tourism and the European Commission
of proposals and ideas which could lead to the future tourism
development of Athens along paths which will be more
environmentally friendly.
Mr. Avramopoulos said Athens will take a series of initiatives
next year mainly targeting European markets.
End of English language section.
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