Athens News Agency: Daily News Bulletin in English, 98-02-03
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No 1406),
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] Parliament approves controversial provision on public utilities
[02] ... Karamanlis
[03] ... GSEE
[04] ... Mediation effort
[05] Royaumont Initiative' session in Athens March 31-April 1
[06] Tsohatzopoulos meets Grossman
[07] Simitis, Skandalidis discuss selection of election candidates
[08] Gov't expresses hope farmers will refrain from blocking highways
[09] ... Business reaction
[10] Revelations about mass graves "a major issue"
[11] Reppas says Imia crisis is history
[12] ... Lymberis reaction
[13] Companies to face olive oil fraud charges
[14] Washington justifies termination of aid
[15] Albanian party delegation holds talks in Athens
[16] Greek parliamentary delegation in Sofia
[17] Inflation expected to drop below 4.5 pct
[18] Criminal proceedings to be initiated over sinking of the 'Dystos'
[19] Albanian illegals sent back home
[20] Celebration of the Three Hierarchs in New York's Greek community
[21] Greece's industrial production by 0.4 pct Jan/Nov 1997
[22] Finance ministry sees positive economic outlook
[23] Greece to auction 250 bln Dr. T-bills
[24] Greek stocks end lower in reluctant trading
[25] Greece attracts Spanish tourists
[26] State treasury bills
[27] Singular awarded quality certificate ISO 9001
[28] Eurobank announces profits, to increase interest rates
[29] 'Mitilineos' plans to invest in Serbian mines
[30] ETANE projects in Albania
[31] Greek pasta sector aims at increasing sales abroad
[01] Parliament approves controversial provision on public utilities
Athens, 03/02/1998 (ANA)
Parliament approved early this morning the government's
controversial amendment bringing about changes in labor
relations in public utilities and enterprises (DEKO), in the
face of strong objections by trade unions.
The amendment was carried by 142 votes in favor and 121 against.
Two deputies -former New Democracy ministers Vassilis
Kontoyiannopoulos and Giorgos Souflias- abstained, while 35 were
absent -20 of them including prominent members of the ruling
party.
The controversial amendment, whose debate in parliament was
regarded as a test to the major parties' (PASOK, ND) inner
cohesion, is actually a reformulation of Clause 31 in the
taxation bill giving the government the power to intervene by
legislative arrangements in the personnel regulations of four
ailing DEKO - Hellenic Post Offices (ELTA), Olympic Airways,
Greek Railways Organization (OSE) and the Urban Transport
Organization (OASA). The roll-call vote in parliament was
requested by all opposition parties.
Earlier, during the debate, National Economy Minister Yiannos
Papantoniou said public utilities had a slim chance to survive
unless they underwent restructuring. The minister said the
government was giving employees with ailing DEKO the chance for
six months of dialogue and negotiations.
He stressed, however, that if these failed, then the state could
not remain indifferent to "the self-destructive course" of
public utilities. Mr. Papantoniou said he agreed with a
seven-point proposal made by the main opposition ND party, but
invited ND leader Costas Karamanlis to expand out on whether his
party would bring in legislation, as did the government, on
changing labor relations. He further described public utilities
in pessimistic terms, explaining that some of them had huge
debts, such as OASA with a deficit of 88 billion Dr., OSE with
116 billion Dr. and ELTA with 20 billion Dr.
The leader of the Coalition of the Left (SYN) Nikos
Constantopoulos requested the amendment on DEKO labor relations
-which he described as "makeshift"- be withdrawn, while he held
both PASOK and ND responsible for the public utilities' bad
shape.
Demetris Tsovolas, leader of the Democratic Social Movement
(DHKKI), described the controversial amendment as
anti-constitutional, accusing the government of attempting to
give over non-ailing public utilities in the hands of specific
entrepreneurs.
[02] ... Karamanlis
Athens, 03/02/1998 (ANA)
Main opposition New Democracy party leader Costas Karamanlis
termed the controversial clause "sudden, hypocritical,
improvised, unstudied and fragmentary which fails to touch the
overall problem of DEKO." He analyzed his party's seven-point
proposal, saying that it is a "program for the real upgrading of
an ailing public sector."
Mr. Karamanlis said his party is committed to tabling an
integrated draft law on restructuring the public sector in a
month's time and called on the government to respond, withdraw
the amendment and attend an "explicit and sincere" dialogue.
Replying to Mr. Karamanlis, National Economy Minister Yiannos
Papantoniou said that with law 2414 the government has already
completed the legal conversion of DEKO into S.A. companies and
the process of selecting management on the basis of merit and is
now proceeding with the restructuring of 31 enterprises which
includes a change in personnel regulations.
Among others, Mr. Karamanlis called on the government to commit
itself on promoting denationalization, the speedy abolition of
monopolic privileges of DEKO and the abolition of staff
regulations following a dialogue, while the responsibility will
lie with the government if it fails.
Communist Party of Greece (KKE) Secretary-General Aleka Papariga
said the government conducts dialogue with lies and defamation,
adding that it is shameful for the government to speak of
working people's privileges.
Ms. Papariga said the government's target is to create different
"tiers" of working people and spoke of the effort to create an
"elite" of working people.
[03] ... GSEE
Athens, 03/02/1998 (ANA)
Meanwhile, General Confederation of Workers of Greece, GSEE,
President Christos Polyzogopoulos had said the ratification of
the amendment will be considered a "hostile act" by trade unions.
Mr. Polyzogopoulos was summing up a speech at the end of
yesterday's labor rally in Syntagma Square at the time when the
debate on the controversial clause was starting.
The massive participation of DEKO employees, primarily Olympic
Airways and urban transport, created one of the biggest labor
rallies in recent years.
Mr. Polyzogopoulos warned that the amendment is leading to a
confrontation which will last for many months, adding that GSEE
will not allow the running down of DEKO to make their
privatization easier. He stressed that no federation will be
left to tackle consequences alone, adding that the possibility
of generalized strike action is visible.
[04] ... Mediation effort
Athens, 03/02/1998 (ANA)
The Economic and Social Committee (OKE) yesterday hinted it may
undertake a mediation effort between the government and the
labor unions over the controversial provision on labor
relations.
OKE accused the government undervaluing the social dialogue
process by tabling the bill before submitting it to OKE.
OKE President Ioannis Koukiadis said that according to the
opinion of the committee the provision has created many
problems. Industrialists' representative Nikos Analytis said
that there is a possibility that the public utilities and
enterprises will be led to a dead end, and although legislation
is a solution, there is also a need for a consensus.
Labor representative Demetris Hatzisocratis said that the unions
are annoyed by the government's tactic not to ask OKE for its
opinion before tabling the taxation bill.
[05] Royaumont Initiative' session in Athens March 31-April 1
Athens, 03/02/1998 (ANA)
The European Union-led "Royaumont Initiative for Stability and
Good Neighborliness in SE Europe" will hold its forthcoming
session in Athens March 31-April 1, it was announced yesterday,
while a related conference for journalists and media
representatives of the initiative member countries will proceed
on March 30-31, it was announced yesterday.
The Royaumont Initiative, named after the Paris suburb where the
first session was held in December 1965, groups together the 15
EU member states, Albania, Bosnia-Herzegovina, Bulgaria,
Croatia, FYROM, Hungary, Romania, Slovenia, Turkey and
Yugoslavia, as well as Russia and the United States, envisaging
a broad "European family" based on democratic principles, peace,
stability and co-operation.
The conference for journalists and media representatives, to be
organized by the Union of Athens Journalists (ESHEA) under the
Aegis of the Greek Press Ministry, will examine steps that could
contribute to free expression and movement as well as to
elimination of hostile stereotypes in the region, according to
Panayotis Roumeliotis, who was named Coordinator of the
initiative last November by the EU for a three-year term.
Mr. Roumeliotis, a former minister and Europarliamentarian, told
a press conference at the Zappion Hall yesterday that the
conference would also draft a "Code of Ethics and Conduct" that
would be signed by the delegates.
The Initiative aims to mobilize all sides of the Community of
Citizens of the region wishing, under the aegis of their
respective governments, to contribute to cementing relations of
good neighborliness and establishing stability in the region,
overcoming social and ethnic prejudices, he said.
It focuses on improving relations among the countries of the
region and the signing of good neighborhood pacts, consolidating
free expression and movement in the region, and on regional
co-operation and deepening of the society of the citizens.
The targets would be achieved through regional co-operation
programs and exchanges of views among the various social groups
(doctors, journalists, lawyers, local government members,
members of religious organizations, youth organizations,
athletes, for example), aiming at overcoming stereotypes and
ethnic prejudices in the region, and through mobilizing the
resources of the EU, the member governments and the private
foundations active in the region.
At the initial stage, the group will take advantage of
opportunities provided under the EU's PHARE program, but, Mr.
Roumeliotis said, he would seek a specific fund earmarked for
the Initiative's activities in the EU budget.
[06] Tsohatzopoulos meets Grossman
Athens, 03/02/1998 (ANA)
Defense Minister Akis Tsohatzopoulos yesterday received the
Assistant Secretary of State for European Affairs Mark Grossman,
the Vice-chairman of the US joint chiefs of staff Joseph Ralston
and ambassador to Athens Nicholas Burns.
According to press reports, the minister and the US officials
exchanged views and information on the recent crisis with Iraq,
while the US government did not ask Greece for its support or to
facilitate its actions.
The same press reports state that Mr. Grossman said that the US
is awaiting for the diplomatic initiatives to defuse the crisis
and Mr. Tsohatzopoulos pointed out to Mr. Grossman that all
diplomatic efforts must be exhausted for a peaceful settlement
of the crisis.
[07] Simitis, Skandalidis discuss selection of election candidates
Athens, 03/02/1998 (ANA)
Prime Minister and PASOK President Costas Simitis and Central
Committee Secretary Costas Skandalidis yesterday discussed
interparty processes over the selection of candidates for the
municipal and prefectural elections, during a 90-minute meeting.
Mr. Skandalidis said that the prime minister will raise at the
PASOK Executive Bureau meeting today issues concerning the
party, but gave no further details.
Press reports state that Mr. Simitis will discuss matters of
cohesion within the government an d the efforts to showcase the
government's achievements.
[08] Gov't expresses hope farmers will refrain from blocking highways
Athens, 03/02/1998 (ANA)
Government spokesman Demetris Reppas yesterday expressed the
hope that protesting farmers would not eventually block main
highways as in the past, "since then we have all become wiser".
Mr. Reppas also expressed regret that farmers' representatives
had not entered into talks either with the Agriculture Ministry
or the Agricultural Policy Council, adding that their protest
action was aimed solely at harming the government.
The spokesman once again rejected farmers' calls for direct
talks with Prime Minister Costas Simitis, saying there were
specific bodies for this, while the Agriculture Ministry was
"always open".
Mr. Reppas said it would be "a very good idea" for Agriculture
Minister Stephanos Tzoumakas to meet opposition party leaders
"if this is what they want".
Compared to last year, Mr. Reppas said there were not more
problems (in the agricultural sector) but simply the same
restrictions imposed by the European Union "and therefore there
is no justification for protest action".
Meanwhile, farmers protesting the government's agricultural
policy yesterday blocked the road leading into Preveza for 30
minutes. They said yesterday's protest, without the use of
tractors, was a warning and that further action would follow in
the coming days. Columns of tractors from all over Thessaly
began to appear yesterday afternoon on the outskirts of Larissa,
central Greece, gathering at the "Viocarpet" junction on the
Athens-Thessaloniki motorway.
According to the estimates of the farmers' Panthessaly
Coordinating Committee, about 2,000 tractors were expected to
take part in the protests. The committee was scheduled to meet
in Larissa yesterday evening to decide on the form which the
protests will take today.
[09] ... Business reaction
Athens, 03/02/1998 (ANA)
The country's business world considers new mobilizations by
farmers in their present form a mistaken tactic with serious
consequences for the Greek economy and production.
An announcement issued yesterday by presidents of Chambers of
Commerce, Federations and Confederations of Greek commerce
stresses that "it is not permissible for the Greek economy to be
used as a hostage by groups deciding to exert pressure on the
state , violating laws and preventing citizens and enterprises
from continuing their activities smoothly."
The announcement added that it is the duty of the state to
explain to all that the strengthening of agricultural products'
competitive position can no longer be based solely on the
continuation of subsidies and debt write-offs for cooperatives
but requires immediate and important structural changes.
[10] Revelations about mass graves "a major issue"
Athens, 03/02/1998 (ANA)
The government yesterday described as "a major issue of a
humanitarian nature" the revelations of a former soldier in the
Turkish army about mass graves in the occupied northern part of
Cyprus.
According to a report in the pro-Kurdish daily "Ozgur Politika",
some 100 Greek Cypriot civilians, mostly old people and
children, were killed and buried near Nicosia during the 1974
Turkish invasion of Cyprus.
A 45-year-old Kurd, Mustafa Ongan, told the paper he was serving
with the Turkish army at the time of the invasion and was sent
to Cyprus with his regiment.
According to Mr. Ongan, Turkish and Turkish Cypriot officers
ordered the killing of fleeing civilians who were later buried
in mass graves. Government spokesman Demetris Reppas said the
account provided by Mr. Ongan must be investigated, noting that
the issue in question "does not coincide with details which have
been provided to date".
Underlining that Athens and Nicosia were collaborating closely,
Mr. Reppas said this "movement" may lead to UN Secretary General
Kofi Annan changing his position and appointing a representative
for the issue of the hundreds of persons missing since the 1974
Turkish invasion of the island republic.
[11] Reppas says Imia crisis is history
Athens, 03/02/1998 (ANA)
Commenting on a controversy which is erupted as a result of
Foreign Minister Theodoros Pangalos' statements to the newspaper
"Ethnos" on Sunday, regarding the behavior of former armed
forces chief Admiral Christos Lymberis during and after the
night of the serious Greek-Turkish stand-off in the eastern
Aegean two years ago, government spokesman Demetris Reppas said
yesterday history had been written, the events are known and Mr.
Lymberis is no longer at his post.
He said the government's handling was absolutely successful
because it had averted a major crisis, adding that it was left
to history to assess it, while one should look forward to the
present and the future.
Mr. Reppas clarified that Mr. Pangalos had simply replied to
questions raised and that irrefutable and unshakable evidence
existed to back his claims.
"There was no proposal by anyone for a violent confrontation
with the initiation of hostilities on our part," Mr. Pangalos
said in the interview, countering the admiral's claim that his
proposal for the undertaking of military action the night of the
crisis had been ignored.
[12] ... Lymberis reaction
Athens, 03/02/1998 (ANA)
At a press conference yesterday, Mr. Lymberis described the
government a party of people which did not give priority to
issues of national defense, did not have elementary knowledge of
dealing with a crisis situation and low resistance to US
pressure.
Communist Party of Greece General Secretary Aleka Papariga said
that the problem lies at the government policy, which is a
policy of adherence to the new NATO structure, all else is just
a fig leaf.
[13] Companies to face olive oil fraud charges
Athens, 03/02/1998 (ANA)
"Styl T. Shipping Company SA," "Katerina T" and "Marral II"
companies will face fraud charges at a Piraeus court.
All three are accused of allegedly importing olive oil from
Tunisia, Gibraltar and Turkey, which they then "baptized" it
into Greek and sold it in the European Community, thus receiving
subsidies and avoiding taxation, damaging both the EU and Italy.
The alleged fraudulent gains are 7.3 billion drachmas.
[14] Washington justifies termination of aid
Washington, 03/02/1998 (ANA - T. Ellis)
A decision by the Clinton administration to terminate foreign
military aid to Greece and Turkey is actually a result of the
maturing in relations between those two counties, according to
the Director of the Office for Resources, Plans and Policy of
the US State Department, Graig Johnstone during a press
conference here yesterday given on the State Department's budget.
The US official stressed there was now no "need for the same
levels of assistance that we have had in the past in order for
these countries to continue to play active roles in NATO". He
added the US had had consultations with both countries on the
issue.
Mr. Johnstone further said that Greece and Turkey had now
"graduated" away from an assistance relationship and were much
more like the other NATO member-countries. "I think it is part
of a normal process", he said, adding that "this is the right
moment to do it, and we have gone ahead and done it".
[15] Albanian party delegation holds talks in Athens
Athens, 03/02/1998 (ANA)
Foreign Minister Theodoros Pangalos yesterday received a
delegation of deputies from Albania's Human Rights Union party
for talks on the restoration of order and normality in the
neighboring country, the promotion of Greek investments and
institutional changes for the restoration of democracy in
Albania.
The Human Rights Union draws most of its support from the ethnic
Greek minority in Albania. In statements after the talks, Mr.
Pangalos stressed that the Greek government was closely
following the issue of the restoration of order in Albania and
making every effort to contribute to economic reconstruction in
the neighboring country while supporting Tirana's bid to
participate in European Union procedures.
While describing the current situation in Albania as "not
perfect", Mr. Pangalos said it was nevertheless better than
before and assured the delegation, headed by its president,
Vassilis Melos, that Greece would continue to support Albania as
far as possible and in all sectors.
Mr. Melos thanked the Greek government for its support in
helping Albania overcome its problems and noted that Greece had
been closer than any other country at the most difficult times
of the crisis.
The Albanian delegation, which included Health Minister Leonard
Salis and the Undersecretaries of Education and Labor, was
received earlier by President Kostis Stephanopoulos and the
President of the Greek Parliament, Apostolos Kaklamanis.
In his talks with the eight-member delegation, Mr. Kaklamanis
underlined that respect for minorities and individual and human
rights was the most effective way to consolidate democracy and
strengthen relations between the Balkan countries.
Also discussed were ways in which the Greek Parliament could
contribute to efforts for the establishment of a modern
parliamentary democracy in Albania.
Mr. Melos thanked the House Speaker for the willingness with
which the Greek Parliament was providing every possible
assistance to the Albanian Parliament in its first steps and
conveyed greetings from Mr. Kaklamanis' Albanian counterpart.
[16] Greek parliamentary delegation in Sofia
Sofia, 03/02/1998 (ANA - M. 1)
A delegation of the Greek Parliament's Foreign Affairs
Committee, headed by its chairman, Eleftherios Veryvakis,
yesterday began a three-day visit to Bulgaria, according to an
ANA dispatch from Sofia.
Mr. Veryvakis was due to have talks yesterday evening with
Bulgarian Parliament President Yordan Sokolov and with Bulgarian
Foreign Minister Nadezhda Mihailova.
During the delegation's stay in Sofia , Mr. Veryvakis will also
have talks with Bulgarian President Petar Stoyanov, Prime
Minister Ivan Kostov, Deputy Premier Alexander Bozkov and the
ministers of defense and interior.
[17] Inflation expected to drop below 4.5 pct
Athens, 03/02/1998 (ANA)
Finance Under-secretary Nikos Christodoulakis said that
"inflation will drop below 4.5 per cent in the coming months,
while in the current year we will also achieve a decrease in
deficits."
Mr. Christodoulakis, who was speaking in Kavala, said that the
country increased its national product by 3.5 per cent, a level
which, as he said, had not been seen in 10 years.
"This year jobs increased in our country by about 60,000. We are
one of few European countries to achieve to develop its economy,
while at the same time employment is increasing," he said.
[18] Criminal proceedings to be initiated over sinking of the 'Dystos'
Athens, 03/02/1998 (ANA)
Piraeus Public Prosecutor Aristides Frangiadakis is expected to
initiate criminal proceedings today over the sinking of the
Greek-flag dry bulk carrier "Dystos" in which 17 Greek sailors
and three relatives were drowned.
Mr. Frangiadakis told reporters yesterday that he had received a
summary of the expert report on the cause of the tragedy,
containing the unanimous replies of the four experts to 15
questions put to them two weeks ago.
According to Mr. Frangiadakis, t he replies focus mainly on the
standard of maintenance and the class of the "Dystos", while
referring also to the captain of the ill-fated vessel, Yiannis
Tsitsirikis. The main burden of responsibility however appears
to have been attributed to the Hellenic Shipping Registry and
the owner of the vessel, "Herakles", a subsidiary of the AGET
cement company.
Mr. Frangiadakis said that the experts' final report, which is
expected to shed light on the cause of the sinking, was being
typed up and would be given to him in the next few days. The
"Dystos" sank in rough seas off the island of Evia on December
28, 1996 while sailing from Volos to Piraeus with a cargo of
5,300 tons of cement.
[19] Albanian illegals sent back home
Athens, 03/02/1998 (ANA)
The number of Albanian illegal immigrants trying to cross the
border into Greece illegally is increasing rapidly. Police in
the Epirus region arrested 541 Albanians over the past three
days and sent them back to their country through the Kakavia
border post.
In another development, police arrested Spyros Katsimardos, 38,
on the Ioannina-Kozani motorway for carrying five Albanian
illegal immigrants. The car was confiscated and Katsimardos was
brought before a prosecutor in Ioannina.
The illegal immigrants were sent back to Albania through Kakavia.
[20] Celebration of the Three Hierarchs in New York's Greek community
New York, 03/02/1998 (ANA - M. Georgiadou)
Yesterday's religious celebration of the Three Hierarchs holiday
in New York's Greek community became the focal point of
exhibiting the Byzantine tradition and heritage.
In fact, New York Mayor Rudolf Giulianni proclaimed Feb. 1st, as
the day of Greek Letters and Art for the City of New York, and
reconfirmed his support for a just solution of the Cyprus issue.
Archbishop of the Greek Orthodox Church of North and South
America Spyridon said that the visit of the Orthodox Patriarch
Vartholomeos and the exhibition the "Glory of Byzantium"
reminded the west of its Greek cultural and philosophical roots.
Nevertheless, the most important aspect of the Archbishop's
speech was the fact that he delivered it in English alone.
Irine Pappas, the famous actress, noted that Byzatium was "the
fort, which held the barbarians away from Europe" and urged the
American born Greeks to "learn our language. Otherwise we will
be forgotten."
Educator Stella Kokkoli received the Three Hierarchs award for
her hard and multi-level work in advancement of the Greek
Letters and Arts in the US, including the organizing of the
yearly banquet of Greek Letters for the last 10 years.
History college Dean of the Southern Methodist University
Annemarie Weyl Carr during a lecture on Byzantium said that
while "we are ready to step into the new millennium (we must
realize) how valuable and eternal are the gifts, the heritage,
which Constantinople, Byzantium gave us, its art, its
civilization, Christianity, Orthodoxy."
The proceeds of the banquet will become scholarships for the
students at Holy Cross Orthodox School of Theology, the only US
accredited Orthodox institution, which is based in Brookline
Mass.
[21] Greece's industrial production by 0.4 pct Jan/Nov 1997
Athens, 03/02/1998 (ANA)
Greece's industrial output rose by 0.4 percent in the first 11
months of 1997 compared with the corresponding period in 1996,
national statistics office said yesterday. Industrial production
was unchanged in November from the same month in 1996.
The statistics office said that total output in electricity,
mines and manufacturing increased by 1.0 percent in the period
January-November.
[22] Finance ministry sees positive economic outlook
Athens, 03/02/1998 (ANA)
Inflation was expected to drop below 4.5 percent in the next few
months, and deficits would be further reduced this year, Finance
Under-secretary Nikos Christodoulakis said yesterday.
Speaking on the country's economy in Kavala, northern Greece,
Mr. Christodoulakis said that GNP growth reached 3.5 percent for
the first time in a decade.
He also said 60,000 new jobs had been created in 1997, and
stressed: "We are among the few European countries that
succeeded in improving its economy while at the same time
increasing employment." "We are also among the few EU countries
in which although unemployment remains, it is not on the rise
but is falling, albeit not as fast as we would like. But we are
trying," Mr. Christodoulakis added.
[23] Greece to auction 250 bln Dr. T-bills
Athens, 03/02/1998 (ANA)
The Bank of Greece will auction interest-bearing state bonds in
electronic form today, with an issue date of February 5, 1998
and a one-year maturity.
Bonds valued at 250 billion dr. will be auctioned, while the
interest earned on the bonds is subject to 10 percent tax.
Individuals and private-law legal entities may submit tenders
via credit institutions, while public-law legal entities, social
security funds and brokers may submit offers directly to the
central bank.
Tenders will be accepted for a nominal value of at least 100
million dr., in multiples of one million dr., while each
investor is allowed to submit up to two competitive offers.
[24] Greek stocks end lower in reluctant trading
Athens, 03/02/1998 (ANA)
Greek equities moved lower yesterday on the Athens Stock
Exchange with investors remaining on the sidelines ahead of a
Treasury bills auction today and developments in a dispute
between the government and trade unions over changes in the
labor market.
The general index closed 0.21 percent down at 1,398.39 points.
Sector indices were mixed. Banks rose 1.02 percent, Insurance
eased 0.36 percent, Leasing increased 0.58 percent, Investments
fell 0.22 percent, Constructions dropped 2.11 percent,
Industrials rose 0.36 percent, Miscellaneous was 0.59 percent
off and Holding was 0.27 percent down.
The parallel market index for small cap companies surged 2.63
percent up, while the FTSE/ASE ended 0.67 percent higher at
766.51 points.
Trading was moderate with turnover at 13 billion drachmas.
Broadly, decliners led advancers by 127 to 75 with another 19
issues unchanged. Thrace Plastics, Sysware, Viokarpet, Allatini
and Desmos scored the biggest percentage gains while Ippotour,
Nafpaktos Mills, Bank of Athens and Elmec suffered the heaviest
losses. National Bank of Greece ended at 19,370 drachmas,
Ergobank at 13,800, Alpha Credit Bank at 14,750, Delta Dairy at
2,780, Titan Cement at 13,195, Intracom at 14,730 and Hellenic
Telecommunications Organization at 5,260.
[25] Greece attracts Spanish tourists
Athens, 03/02/1998 (ANA)
Tourist arrivals from Spain to Greece are expected to rise by
7-8 percent this year, repeating last year's performance,
Hellenic Tourism Organization president Giannis Stephanidis said
yesterday.
Mr. Stephanidis represented Greece's tourism authorities at the
Madrid International Tourism Fair. More than 167 countries and
4,000 exhibitors participated in the fair, with visitors numbers
totaling 95,000 (35,000 professionals and 60,000 consumers).
[26] State treasury bills
Athens, 03/02/1998 (ANA)
Auctioning for state treasury bills of a one-year duration with
a date of issue February 5, 1998 will take place at the Bank of
Greece today. The treasury bills will be provided with the
process of competitive bids' auctioning, while the amount to be
made available was set at 250 billion drachmas.
Bids will be accepted which will have a face value multiple the
amount of one million drachmas and not less than 100 million
drachmas, while every investor is entitled to submit up to two
competitive bids.
[27] Singular awarded quality certificate ISO 9001
Athens, 03/02/1998 (ANA)
Informatics company Singular acquired a certificate of quality
certificate ISO 9001-TickIT by Bureau Verltas Quality
International (BVQI).
The certificate covers the entire range of Singular's
activities, such as design and development of software products,
installation and support service of computer systems, as well as
its activity in the construction of major projects.
[28] Eurobank announces profits, to increase interest rates
Athens, 03/02/1998 (ANA)
Eurobank announced yesterday it will increase its loan interest
rates for most types of loans as of Wednesday by one percentage
unit.
At the same time the increase in interest rates on deposit and
savings accounts will vary according to category, with the
maximum increase at 0.75 percentage units.
Meanwhile, in the past fiscal year Eurobank recorded an increase
in profits as compared with 1996, with gross profits amounting
to 8.5 bill ion drachmas. An announcement by the bank said
results were good despite augmented expenses resulting from its
merger with Interbank and investments in new technology systems.
The bank is also optimistic that its profits will further
increase in 1998, while it is planning to raise its share
capital by 15 billion dr. within February, in a move designed to
assist its development program.
[29] 'Mitilineos' plans to invest in Serbian mines
Belgrade, 03/02/1998 (ANA - M. Mouratidis)
"Mitilineos" industrial group has began efforts to invest on the
Serbian "Bor" mines at the border of that country with Bulgaria,
looking at a long term 2- billion-dollar plan.
The Stasinopoulos group HALKOR is also interested in investing
at the "Bor" mines, in effect re-starting the co-operation,
which stopped due to the embargo against Serbia.
[30] ETANE projects in Albania
Athens, 03/02/1998 (ANA)
Projects carried out in Albania by the construction company
ETANE, through its subsidiary ETAN OVERSEAS SA amount to four
million dollars.
The company recently received approval from the National Economy
Ministry to construct a unit for the production of concrete
ingredients in Tirana.
The investment amounts to 70 million drachmas and is subsidized
by 35 per cent. At the end of 1997, ETANE delivered the new
Hieratic Academy to the Orthodox Autocephalus Church of Albania
worth 400 million drachmas.
[31] Greek pasta sector aims at increasing sales abroad
Athens, 03/02/1998 (ANA)
The pasta sector in Greece, given that the local market is
relatively replete, is relying on the widening of sales through
exports activities.
The competitive presence of Greek products in the international
market, having great prospects for development, can be achieved
with the creation of big production plans and a decrease in
production costs, as well as through the development of exports
marketing by enterprises.
These comments on the pasta sector were made in the latest
sector study by the Foundation for Economic and Industrial
Research (IOBE). The study points out that the consumption of
pasta products in Greece amounts to about 90,000 tons, showing a
small increase in the region of 2-3 per cent a year in past
years.
The value of this market approaches 45 billion drachmas and
represents about one per cent of the total consumption of
foodstuffs. Consumption per capita is among the highest in the
world and amounts to 8.5 kg a year, the highest being Italy's 27
kg.
In the supply sector, the local sector is composed of a group of
eight big enterprises which cover 80-90 per cent of the market.
The production of pasta products remained stable at around
80,000 tons throughout the 80s, while in 1996 it increased to
122 ,000 tons due to modernization and expansion investments
carried out by some of the enterprises. Exports in 1996 amounted
to 44,000 tons, showing an increase in the region of 28 per cent
a year since 1988.
The biggest quantities have been absorbed since 1995 by eastern
European countries and primarily Albania and Russia, while the
most traditional markets are located in European Union
member-states and primarily The Netherlands and Britain.
End of English language section.
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