Athens News Agency: Daily News Bulletin in English, 98-02-12
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No 1414), February 12, 1998
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] Gov't says no activity underway in relation with Iraqi crisis
[02] Tsovolas calls for peaceful resolution to Iraq crisis
[03] Turkish interest in US-made F-15s
[04] Violations of Greek airspace by Turkish warplanes reported
[05] Ex-Turkish navy chief: Ciller favored confrontation during Imia
crisis
[06] Simitis confers with defense minister
[07] Increased domestic participation in defense purchases a Gov't
goal
[08] Gov't says no change in air corridors over Aegean
[09] PM's representatives at Italian Democratic Left Party meeting
[10] Vietnamese Deputy Prime Minister on official visit to Athens
[11] Mitsotakis, Burns discuss US-Greek relations
[12] 'Factual error' in annual US State Dept. report on human rights
[13] Gov't promotes Greece's role in Balkans
[14] G. Papandreou speaks at event on Greek-Turkish relations
[15] Discord surfaces in PASOK Youth Organization
[16] Stephanopoulos sends telegram to Georgian president
[17] Papadopoulos presents new civil servants code to premier
[18] Gov't, opposition clash over 2004 bill
[19] Parliament dig reveals rare Herma column
[20] Avramopoulos to run as independent candidate for regions
committee
[21] Archbishop Serapheim released from hospital
[22] Farmers bring demands to table with government
[23] ... Simitis: Farmers' demands unrealistic
[24] ... Karamanlis reaction
[25] Greece to give EU its euro plan by May
[26] Papantoniou sees rate decline in second half of '98
[27] Rates slip after central bank intervention
[28] Survival of Olympic Airways in jeopardy - transport minister
[29] Greek stocks jump on declining rates
[30] 16.6 billion drachmas for infrastructure works
[31] Qualitative control body for public works set up
[32] Formation of joint pipeline company in March
[33] Provision on sea men's benefits within EU discussed
[01] Gov't says no activity underway in relation with Iraqi crisis
Athens, 12/02/1998 (ANA)
The government yesterday described as "usual" the activity at
air bases on Crete, saying it was in no way related to
developments in the ongoing Iraqi crisis.
Government spokesman Demetris Reppas said aircraft of foreign
countries whose final destination was Cyprus had passed through
the airports at Souda and Irakleio.
He stressed that this activity was in no way related to the
tension in the Persian Gulf.
Asked about Greece's position on the crisis, Mr. Reppas replied
that weapons of mass destruction should not be produced or used,
UN Security Council resolutions should be implemented and
solutions should be sought through diplomatic channels in order
to avert military action.
The government spokesman clarified that Greece had received no
US request concerning co-operation over the crisis and Athens
had not been asked to provide any facilities or to participate
in any such co-operation.
[02] Tsovolas calls for peaceful resolution to Iraq crisis
Athens, 12/02/1998 (ANA)
Democratic Social Movement (DHKKI) leader Demetris Tsovolas
yesterday expressed his party's complete opposition to the use
of military force against Iraq, whether by the United Nations or
any other country.
Speaking to reporters after a meeting with Iraqi Consul Hazan
Altayar, Mr. Tsovolas said "such problems must be resolved by
peaceful means, through diplomatic channels and not by
undertaking military action".
"It is unacceptable that the civilian population of Iraq should
have to pay, with a years-long embargo, the designs of the major
powers and their economic interests in the region," Mr. Tsovolas
said.
At yesterday's meeting, Mr. Altayar briefed the DHKKI leader on
the latest developments in the Persian Gulf.
[03] Turkish interest in US-made F-15s
Washington, 12/02/1998 (ANA - T. Ellis)
Ankara has shown interest in purchasing F-15E warplanes from the
United States and has requested information from the US Air
Force on the specific aircraft, according to a report in the
latest edition of the defense-related magazine "Defense News."
The magazine said that Ankara's intention is the result of
interest shown by Greece to purchase about 30 fighters of this
type.
A Turkish defense ministry official confirmed Turkey's
intentions and told "Defense News" that Ankara is "viewing the
issue as seriously as the Greeks are. Certain balances must be
preserved. If Greece is interested in purchasing the F-15s, then
we will also be interested in purchasing two squadrons. And
since the US has given initial permission for a possible sale to
Greece we do not expect to face problems if we wish to purchase
the aircraft."
With a relevant application sent on Feb. 5, Turkey requested
that Turkish pilots visit the US to familiarize themselves with
the F-15Es and receive relevant technical information.
[04] Violations of Greek airspace by Turkish warplanes reported
Athens, 12/02/1998 (ANA)
Several Turkish warplanes yesterday violated Greek national
airspace and repeatedly infringed on Athens FIR regulations over
the Aegean.
According to reports, 18 Turkish F-16s, all armed, entered the
Athens FIR between 1:30 p.m. and 3:30 p.m. without submitting
previous flight plans. The Turkish warplanes infringed on flight
regulations nine times, and violated Greek national airspace 19
times in the areas between Hios-Lesvos and Lesvos-Limnos.
Violations and infringements also took place outside the areas
designated by Turkey for its current aeronautical exercises. In
all cases, the Turkish fighters were intercepted by Hellenic Air
Force F-16s and Mirage 2000s, while in six cases the
interceptions developed into engagements.
[05] Ex-Turkish navy chief: Ciller favored confrontation during Imia
crisis
Istanbul, 12/02/1998 (ANA - A. Kourkoulas)
Former Turkish prime minister Tansu Ciller and her foreign
minister Deniz Baykal were in favor of a military confrontation
with Greece during the Imia crisis in late January 1996, then
Turkish navy chief G. Erkaya said during a Turkish television
program yesterday.
Mr. Baykal was in favor of a confrontation from early on in the
stand-off, the admiral said in reference to a meeting on Jan.
29, but the idea "caused fear to the others".
He also revealed that Ms Ciller was putting pressure on him to
speed up the occupation of the smaller of the two Imia islets -
an idea put forward at the meeting by ambassador Inal Batu, head
of the foreign ministry department for relations with Greece and
Cyprus - in an attempt to create fait accomplis before
diplomatic efforts bore fruit. Later, however, when then US
Assistant Secretary of State Richard Holbrooke began his
mediation efforts, Ms Ciller asked for a delay in the operation,
the admiral said.
"The idea to send marines to the second island reduced the
danger of a direct confrontation, Mr. Batu said in the same
program.
Mr. Erkaya added the decision was finalized on Jan. 30, but when
Ms Ciller asked for the delay he advised this was dangerous ("we
couldn't leave the boys in the water".) The Turkish marines
finally reached the island probably after swimming underwater
from a nearby Turkish navy vessel.
Holbrooke, who appeared in the same program, said Ms Ciller was
friendly in their first contact ("hello Richard"), but would
later not come to the phone.
Turkey's dispute of Greek sovereignty over the Imia islets
brought the two countries to the brink of conflict in late
January 1996.
[06] Simitis confers with defense minister
Athens, 12/02/1998 (ANA)
Prime Minister Costas Simitis yesterday met with National
Defense Minister Akis Tsohatzopoulos and discussed the
ministry's priorities.
Informed sources later said that the two men discussed "changes
in the Greek armed forces' structure, mainly concerning the 2nd
army corps in northern Greece, as well as the army's armaments
program currently in process".
They also discussed the annual process of promotions and
retirements of officers in the Armed Forces, which begin on
March 1.
[07] Increased domestic participation in defense purchases a Gov't
goal
Athens, 12/02/1998 (ANA)
The government aims to increase the participation of Greece's
defense industry in procurements by the armed forces, National
Defense Minister Akis Tsohatzopoulos reiterated yesterday.
Such participation amounted to 400 billion drachmas, or 38 per
cent in 1997, he specified.
For 1998, he added, the Hellenic Aerospace Industry (EAB) aimed
to eliminate its deficit, after having increased turnover to 49
billion drachmas last year from 31 billion in 1996.
Already, EAB is participating in the upgrading of the Hellenic
Air Force's F-4s (Phantoms), is entering the telecommunications
sector through the Hermes system for the Hellenic Army, and is
involved in an avionics program for the armed forces' C-130
transport planes.
[08] Gov't says no change in air corridors over Aegean
Athens, 12/02/1998 (ANA)
Three main air corridors within Greek national airspace, which
had been temporarily suspended due to the Yugoslav crisis, will
soon be brought back into service, government spokesman Demetris
Reppas said yesterday.
He also denied that the intergovernmental agency responsible for
air corridors, Euro-control, has instructed that additional
routes be created outside the Aegean, specifying that for any
such changes Athens' agreement was necessary.
The Athens daily 'Eleftherotypia' reported yesterday that
relevant decisions will be made at a conference in Antalya,
Turkey, at the end of March.
[09] PM's representatives at Italian Democratic Left Party meeting
Athens, 12/02/1998 (ANA)
An advisor to the premier and a member of ruling PASOK's
international relations bureau will represent PASOK leader
Costas Simitis at an Italian leftist meeting organized by the
Italian Democratic Left Party (PDS), beginning tomorrow.
Nikos Themelis and Costas Stephanou, respectively, will
represent Mr. Simitis.
The Greek premier has sent a message to Massimo D'Alema, the
national secretary of the PDS, thanking him for the invitation
to participate.
The PM is unable to attend due to previous commitments.
"We need to give a contemporary substance to our founding values
and principles, to pose again questions and given new responses.
We need to choose new instruments for action, to reactivate our
societies, to expand our abilities," Mr. Simitis' message t o
Mr. D'Alema read.
"In many European cities, the attempt to create the European
reality of tomorrow on new bases is being attempted. We can and
must succeed, even if in different countries we follow different
paths," he said.
[10] Vietnamese Deputy Prime Minister on official visit to Athens
Athens, 12/02/1998 (ANA)
Vietnamese Deputy Prime Minister Nguyen Manh Cam will meet
Premier Costas Simitis tomorrow in the framework of talks being
held within the framework of bilateral relations between Athens
and Hanoi.
Mr. Kam, who is also his country's foreign minister, will meet
with Alternate Foreign Minister George Papandreou today.
[11] Mitsotakis, Burns discuss US-Greek relations
Athens, 12/02/1998 (ANA)
Honorary New Democracy president and former prime minister
Constantine Mitsotakis yesterday held talks on foreign policy
and Greek-US relations with US Ambassador in Athens Nicholas
Burns.
Speaking to reporters later, Mr. Burns described Mr. Mitsotakis
as a "friend of the United States" and pointed out that he had
previously held such meetings with main opposition ND leader
Costas Karamanlis, Communist Party of Greece (KKE) leader Aleka
Papariga, and MPs of the opposition parties.
Asked whether he considered that the crisis in the New Democracy
party could potentially destabilize the Greek political scene,
Mr. Burns replied that "this is not a question to be answered by
an ambassador, but should be answered by the Greeks, not the
Americans".
"We respect this country, with which we have a great
friendship," he said.
[12] 'Factual error' in annual US State Dept. report on human rights
Washington, 12/02/1998 (ANA - T. Ellis)
The US State Department yesterday expressed its regret for what
it termed a "factual error" included in the recently released
annual report it compiles on human rights around the world.
US State Department spokesman James Rubin said Washington's
embassy in Athens has issued an announcement explaining the
issue in detail.
[13] Gov't promotes Greece's role in Balkans
Athens, 12/02/1998 (ANA)
Greece is developing into a force of stability and economic
growth, while it promotes democratic values, respect for human
rights and co-operation amongst peoples, Alternate Foreign
Minister George Papandreou told a session of the "Association
for Democracy in the Balkans" yesterday in Thessaloniki.
The meeting was attended by academics, business figures and
reporters.
Mr. Papandreou pointed out Greece's good ties with Balkan
states, telling participants that the government was making
efforts to expand its role in the region, while that role should
be supplemented by activities on the part of banks and the
business world, as well as by universities.
[14] G. Papandreou speaks at event on Greek-Turkish relations
Athens, 12/02/1998 (ANA)
Alternate Foreign Minister George Papandreou yesterday spoke on
the need to create channels of communication between the Greek
and the Turkish peoples, at an event organized by the Coalition
for the Left and Progress (Synaspismos) in Thessaloniki.
Mr. Papandreou added that the governments of both countries
should work for such channels so as to lead Turkey closer to the
conditions set by the European Union on Turkey's accession.
Mr. Papandreou defended the government's decision to take
recourse to the International Court at The Hague to solve the
problems between the two states.
Main opposition New Democracy party deputy Marietta
Yiannakou-Koutsikou, in addressing the event, said Greece should
create a strategy through the study of Turkey and the
international conditions and interests in the region.
[15] Discord surfaces in PASOK Youth Organization
Athens, 12/02/1998 (ANA)
The "modernizers" faction will not participate in sessions of
the forthcoming PASOK Youth Organization congress, according to
the faction's spokesman.
He made the announcement during an unscheduled press conference
yesterday, while also accusing the leading organizing team of
preparing a "parody congress".
"We want a congress of essence and dialogue, not of backstage
developments," Yiannis Papademetriou stressed.
Mr. Papademetriou further said his "pro-Simitis" faction had
collected registration applications by 8,000 new members, but in
spite of a previous understanding, most of them were rejected by
the group's leadership.
The youth group's central council, the majority of which are
influenced by current secretary Tonia Antoniou, decried the
modernizers' decision, and called on them to reconsider.
The crisis in the PASOK Youth Organization was sparked after
disagreements over the limited preparation time for the
congress, as well as over violations of the group's charter.
[16] Stephanopoulos sends telegram to Georgian president
Athens, 12/02/1998 (ANA)
Greece's President Kostis Stephanopoulos yesterday sent a
telegram to his Georgian counterpart Eduard Shevardnadze
expressing relief that he survived the assassination attempt
against him.
Commenting Tuesday on the attempt against Mr. Shevardnadze's
life, the government said it was unacceptable for differences to
be settled in such a manner.
"Mr. Shevardnadze is an international figure who ensures
stability in his country and plays a positive role in
international developments," government spokesman Demetris
Reppas said.
Approximately 15 assassins ambushed Shevardnadze's motorcade
with anti-tank grenades and automatic weapons in Tbilisi on
Monday night. Two of the president's bodyguards were killed in
the attack while a further four traveling in the motorcade are
reported to be in serious condition.
One of the attackers was also reported killed.
[17] Papadopoulos presents new civil servants code to premier
Athens, 12/02/1998 (ANA)
Interior, Public Administration and Decentralization Minister
Alekos Papadopoulos presented the new civil servants code to
Prime Minister Costas Simitis yesterday.
The code contains important innovations concerning civil
servants' ranks and the inter-ministerial and disciplinary
sectors.
Mr. Papadopoulos said the new code anticipates a mixed rank
system (mobile and fixed) in which directors and general
directors will be permanent, while mobile ranks will reach the
rank of deputy director.
Another innovation concerns the expansion of the implementation
of inter-ministerial sectors, starting from certain basic
specialties (such as the informatics sector).
Mr. Papadopoulos said regular leave of absence will remain as it
is, adding that in the case of special leave (such as pregnancy)
the proposals of the ministry's relevant committee, which he
will receive today, will apply.
The text of the new code will be sent to the political parties,
the Parliamentary Labor Sector of the ruling PASOK party and the
Civil Servants Supreme Administrative Council (ADEDY) in the
next few days before being forwarded to Parliament.
Mr. Papadopoulos also briefed Mr. Simitis on Presidential
Decrees concerning the transfer of duties to regional services.
[18] Gov't, opposition clash over 2004 bill
Athens, 12/02/1998 (ANA)
Despite public proclamations of national consensus from all
political parties on the issue of the Athens 2004 Olympic Games,
the sentiment failed to carry over into the first meeting of the
parliamentary committee convened to discuss the bill on the
organization of the games.
Ruling PASOK party and opposition New Democracy deputies clashed
over procedural issues at the meeting yesterday before going on
to disagree on the competencies of the national and organizing
committees.
Culture Minister Evangelos Venizelos said the government would
not allow the Olympic Games to become "the playing field of
futile opposition".
New Democracy deputy Fani Palli-Petralia said ND would vote
against the legislation which, she said, "turns 2004 from a
national goal and incentive for growth into a hothouse of
scandals".
She said the bill did not meet the three conditions for the
success of the Games: transparency, unanimity and effectiveness.
[19] Parliament dig reveals rare Herma column
Athens, 12/02/1998 (ANA)
Archaeological excavations in the grounds of the parliament
building have revealed an inscripted Herma column complete with
a bust of Eupolis, the Athenian comic poet whose satirical plays
were greatly admired by the ancients.
The two-meter pillar, dating back to early Roman times, was
enclosed in the wall of a Roman building which collapsed
following an earthquake.
The most common monument to the Olympian god Hermes, a Herma was
a stone pillar, usually with a carved bust on top, often placed
at the side of roads.
A similar pillar with a bust of the prominent stoic philosopher
Chrysippos was found in the same vicinity in April last year.
The Eupolis find is considered to be of particular importance,
since it provides the first image of the poet, a contemporary of
Aristophanes, with whom he seems to have collaborated but also
attacked.
Although he is credited with at least 17 comedies, only
fragments of Eupolis' work survive.
Eupolis died in 411 BC when he was not much older than 19 years
of age, possibly in a battle at Hellespont during the
Peloponnesian War. According to historical sources, his death
led to the passing of a law in Athens exempting poets from
military service.
[20] Avramopoulos to run as independent candidate for regions
committee
Brussels, 12/02/1998 (ANA- M. Spinthourakis)
Athens Mayor Demetris Avramopoulos said yesterday he would run
as an independent candidate for president of the regions
committee, which will convene in plenum on Feb. 18.
He made the announcement in a statement to Belgian media.
[21] Archbishop Serapheim released from hospital
Athens, 12/02/1998 (ANA)
Archbishop of Athens and All Greece Serapheim left an Athens
hospital at noon yesterday after undergoing kidney dialysis.
Archbishop Serapheim had entered the hospital on Monday to
undergo dialysis, to which he has been subjected three times a
week in past years. However, a sudden illness was the reason he
was subjected to further medical tests.
[22] Farmers bring demands to table with government
Athens, 12/02/1998 (ANA)
A crucial meeting is scheduled for today between farmers'
representatives and a government delegation headed by
Agriculture Minister Stephanos Tzoumakas.
The delegation includes the undersecretaries of finance George
Drys; agriculture, Demetris Sotirlis and Vassilis Geranidis as
well as the governor of the Agricultural Bank Panayiotis Lambrou.
Although the meeting's agenda is open to a wide range of issues,
farmers' representatives are expected to push for answers on
matters related to lower fuel prices and lending rates, a
doubling of VAT return coefficients and suspension of court
action taken against several farmers from last year's protests.
Mr. Tzoumakas will also brief them on the outcome of his meeting
with EU Commissioner Franz Fischler and initiatives in regard to
cotton, olive oil, rice etc.
Meanwhile, during yesterday's continuing protests throughout
Greece, farmers in Hania, Crete symbolically occupied an
Agricultural Bank in the city to protest against the
government's agricultural policy.
At the same time, several groups of Hania farmers continued
their blockade of the prefectural headquarters, to last until
this afternoon.
They said further action will depend on the results of today's
meeting between farmers' representatives and Mr. Tzoumakas.
Occasional roadblocks were set by protesting farmers yesterday
in many regions around the country, most of them lasting for two
hours.
Protesting farmers in Larissa were joined yesterday by stock
breeders, who spilled several tons of milk on the national road,
disrupting traffic for an hour.
[23] ... Simitis: Farmers' demands unrealistic
Athens, 12/02/1998 (ANA)
Replying to questions in Parliament yesterday by ND deputy
Demetris Sioufas, KKE leader Aleka Papariga and Coalition of the
Left and Progress leader Nikos Constantopoulos, Prime Minister
Costas Simitis described the demands by protesting farmers as
unjustifiable and unrealistic, as costs would entail an
additional 920 billion drachmas.
The PM further wondered how the state budget could secure the
funds for such a huge amount.
He said there should be a measure as to what demands the
government was in a position to meet, adding however, that some
of them, which he described as "special demands" could be dealt
with.
The main point in Mr. Simitis' speech was his disapproval of a
re-nationalization of the policy on agriculture, saying that
49.5 per cent of farmers' income was currently coming from EU
subsidies.
He stressed that even though many member-states were demanding a
cut in aid to agriculture, Greece had secured a preservation of
current conditions through certain alliances.
[24] ... Karamanlis reaction
Athens, 12/02/1998 (ANA)
On his part, main opposition New Democracy (ND) party leader
Costas Karamanlis yesterday attacked the government for its
"failure" in the agricultural sector which, it said, was
characterized by "bad choices and poor negotiating at the
European Union".
He said Agriculture Minister Stephanos Tzoumakas was incompetent
not only to tackle but even understand farmers' problems, which
ND would confront with a package of measures aimed at bringing
down production costs and broad development in rural areas.
Calling on the government to assume its responsibilities, Mr.
Karamanlis accused Prime Minister Costas Simitis of "rejecting
and avoiding dialogue" with the farmers.
While stating his opposition to the blocking of roads, Mr.
Karamanlis called for an end to legal proceedings against
protesting farmers, lower prices for fuel used in agriculture,
the payment of compensation, a specific policy on livestock
farming and a final solution to the problem caused by
compounding interest on overdue loans. When he visits Brussels
next week, Mr. Karamanlis said, he will raise the problems faced
by farmers before the competent EU bodies as a priority issue.
[25] Greece to give EU its euro plan by May
Athens, 12/02/1998 (ANA)
Greece will submit to the European Union by May its plan to
participate in the single European currency, National Economy
and Finance Minister Yiannos Papantoniou said yesterday.
Mr. Papantoniou was addressing a national coordinating committee
created to handle planning for entry into the unified European
currency.
Greece intends to join on Jan. 1, 2001.
The government's entry plan, which includes clearing legal
obstacles, is currently being drafted at the state's General
Accounting Office, which belongs to the finance ministry.
As far as the national coordinating committee for the euro is
concerned, it will be responsible for preparing the nation's
public administration as well as the private sector. In
addition, sub-groups will consider specialized issues regarding
the euro.
According to Mr. Papantoniou, a work group will be established
at the national economy ministry to cover issues related to the
bourse, while a similar work group at the finance ministry will
consider issues related to the public debt, payrolls and social
security. Other work groups will focus on taxation, customs and
banking issues.
[26] Papantoniou sees rate decline in second half of '98
Athens, 12/02/1998 (ANA)
Commercial bank interest rates on loans will begin falling again
in the second half of 1998, Mr. Papantoniou predicted yesterday.
Mr. Papantoniou said presently high interest rate levels would
continue to June due to the prevailing uncertainty ahead of the
official announcement in May of which European Union countries
will participate in the euro, as well as the aftershocks of the
recent monetary turmoil.
He added that the government was not considering any change
whatsoever to its exchange policy and that a new bill regulating
the practice of compounding interest on overdue loans would be
announced on Tuesday.
[27] Rates slip after central bank intervention
Athens, 12/02/1998 (ANA)
Interbank rates remained on a steady, although slow, declining
trend with the help of an intervention yesterday by the Bank of
Greece.
The central bank's overnight intervention rate dropped to 17.5
per cent from 18 per cent last week. The bank drained 200
billion drachmas of excess liquidity from the market.
The drachma was slightly higher against the deutschmark at the
central bank's daily fixing in the domestic foreign exchange
market. The Greek currency was stable against the ECU but fell
slightly against the US dollar.
[28] Survival of Olympic Airways in jeopardy - transport minister
Athens, 12/02/1998 (ANA)
Transport Minister Tassos Mantelis warned yesterday that the
future of state-run Olympic Airways (OA) was in jeopardy if,
within a two-month period set by the government, efforts to
revitalize the national carrier are not found.
Mr. Mantelis made the statement when asked if OA management was
ready to enter into talks with the various trade union groups
representing the carrier's employees.
He said OA management was already formulating a framework for
talks and employees would soon be invited to state their
positions on proposals.
When asked to comment on a Supreme Council for the Selection of
Personnel (ASEP) report citing irregularities in recent hiring
procedures at OA and a recommendation by ASEP that the matter be
referred to a public prosecutor, Mr. Mantelis said he did not
intend to cover anything up.
The government is determined to resolve the situation at Olympic
Airways, spokesman Demetris Reppas said later.
"Olympic Airways is a key public service and the state,
Olympic's management as well as the employees must do their
utmost to contribute and deal with the problems facing this
major company," Mr. Reppas said.
He said problems at OA were "pressing" and added that urban
transport organizations, Greek Railways and the Post Offices
were next in line for revitalization.
[29] Greek stocks jump on declining rates
Athens, 12/02/1998 (ANA)
Greek equities ended sharply higher yesterday on the Athens
Stock Exchange reflecting the market's relief over a steady
decline in interbank rates.
The general index closed 1.55 percent up at 1,532.62 points with
most sector indices scoring gains.
Banks rose 1.55 percent, Insurance surged 3.17 percent,
Investment was 0.82 percent up, Construction increased 1.96
percent, Industrials rose 1.25 percent, Miscellaneous soared
2.71 percent and Holding was 1.47 percent higher. Leasing bucked
the trend to end 0.28 percent down.
The parallel market index for small cap companies ended 0.20
percent up. The FTSE/ASE blue chip index rose 1.40 percent to
end at 858.69 points.
Trading was heavy with turnover at 20.2 billion drachmas.
Broadly, advancers led decliners by 138 to 72 with another 34
issues unchanged.
Keranis, Hellenic Sugar, Endisi and Gener scored the biggest
percentage gains at the daily 8.0 percent upper volatility
limit, while Athinea, Fourlis, Pairis and Balkan Export suffered
the heaviest losses at the daily 8.0 percent limit down.
National Bank of Greece ended at 23,550 drachmas, Ergobank at
15,600, Alpha Credit Bank at 16,870, Delta Dairy at 2,985, Titan
Cement at 14,490, Intracom at 15,800 and Hellenic
Telecommunications Organization at 6,015.
[30] 16.6 billion drachmas for infrastructure works
Athens, 12/02/1998 (ANA)
Greece's public works ministry yesterday endorsed the release of
16.6 billion drachmas in funds in order to tender infrastructure
works around the country.
The main road, airport renewal and flood prevention projects are
as follows:
- Improvements to roads in the prefecture of Aitoloakarnania,
budgeted at four billion drachmas.
- Landslide repairs to the Evinos Dam and road repair works in
the area, budgeted at four billion drachmas.
- Extension of Aktio Airport, budgeted at 3.4 billion drachmas.
- Extension of Skiathos Airport, budgeted at 2.7 billion
drachmas.
[31] Qualitative control body for public works set up
Athens, 12/02/1998 (ANA)
National Economy Under-secretary Christos Pachtas and
Environment, Town Planning and Public Works Under-secretary
Christos Verelis signed a joint decision yesterday, determining
the method and operation of the Special Qualitative Control
Advisor (ESPEL) for public works being carried out by all bodies
in the public sector that are being jointly financed by the
European Union.
ESPEL will carry out on-the-spot controls at about 1,500
projects.
Among others, ESPEL will conduct qualitative and quantitative
controls at public works already carried out, which are being
carried out and will be carried out in the framework of the 2nd
Community Support Framework. Projects subject to control are
regional or national ones as well as major projects.
Secondly, it will select and propose works which will be subject
to control every three months. The frequency and kind of
controls depend on the contractual requirements and character of
the project.
[32] Formation of joint pipeline company in March
Sofia, 12/02/1998 (ANA - B. Borisov)
The joint firm Interbalkan Pipeline will probably be established
in March with the participation of representatives from Greece,
Bulgaria and Russia with the purpose of starting preparations
for construction work on the Burgas-Alexandroupoli pipeline,
Deputy Prime Minister Yevgeni Bakarziev announced here yesterday.
The strategic project is assessed at about US$750 million,
according to the Bulgarian official, who referred to the project
and other investment plans in an address at a conference for
foreign investors.
According to Mr. Bakarziev, the cost of building the pipeline
between Burgas-Vlore, Albania, via the Former Yugoslav Republic
of Macedonia (FYROM) will exceed one billion dollars.
Mr. Bakarziev and other members of the Bulgarian government
presented programs to 70 foreign investors concerning the
modernization of the ports of Burgas and Varna, Sofia airport
and many other investment opportunities in the framework of
Bulgaria's extensive privatization program.
Greek executive Christos Katsanis, an executive director of the
National Bank's branch office and president of the federation of
foreign investors in the country, said the Sofia conference on
investments was an important and useful initiative to attract
foreign investments to Bulgaria.
[34] Provision on sea men's benefits within EU discussed
Brussels, 12/02/1998 (ANA - G. Daratos)
Seamen working on passenger ships carrying out regular routes
between European Union ports will have, regardless of whether
they are citizens of EU member-states, the same social benefits
anticipated by EU legislation in EU member-states.
This is the focal point of a labor document by the European
Commission whose content was discussed in Brussels yesterday by
Merchant Marine Minister Stavros Soumakis and EU Transport
Commissioner Neil Kinnock.
According to reports, the measure is aimed at strengthening
employment for EU seamen and regulates conditions concerning the
manning of passenger ships carrying out sailings from one EU
country to another.
Mr. Kinnock appeared positive to an idea by Greece that the
measure should be extended beyond passenger ships carrying out
regular sailings between EU countries to cruise ships which
employ many people who will benefit from this clause.
End of English language section.
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