Athens News Agency: Daily News Bulletin in English, 98-02-18
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No 1419), February 18, 1998
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] Greek-Russian initiative to promote Kofi Annan's Iraqi visit
[02] ... Primakov visit to Mount Athos
[03] ... Primakov: Iraq ready to display a 'constructive disposition'
[04] Gov't says measures for loss-making Olympic Airways in a month
[05] EU experts visit Athens to focus on OA problem
[06] ... Postal, railway reforms
[07] Resolution in Europarliament on pillaging of Imvros church
[08] Mubarak receives Tsohatzopoulos in Cairo
[09] Greece reiterates rights under Law of Sea
[10] Solana meets with Greek, Turkish ambassadors on Aegean CBMs
[11] Mitsotakis has talks with Turkish Ambassador
[12] Pentagon pressing for US ratification of Law of The Sea
[13] Mass violations of Greek airspace by Turkish warplanes reported
[14] US ambassador observes F-16 demonstration flight
[15] Simitis meeting with KTE secretaries
[16] Vartholomeos visit to Canada
[17] ... Meeting with US official
[18] Papademos again to serve as Bank of Greece governor
[19] Karamanlis in Brussels
[20] Kontoyiannopoulos to represent six expelled ND deputies
[21] Europarliament report on Greek measures on conscientious
objectors
[22] Gov't, opposition clash in Parliament over 2004 draft bill
[23] New traffic code bill
[24] Albania's Alia has by-pass operation in Greece
[25] Farmers' protests over
[26] Inquiry into legalization of revenues from illegal activities
[27] Greeks to get new tax file number under streamlining plan
[28] Greek stocks shed gains in lackluster trade
[29] Greece monitors banking transactions, consumer rights
[30] Tourism enterprises blast possible cuts in EU programs
[31] Economic, Social Committee plenum convenes
[32] Venture capital for Danube Fund
[33] Wine orders over the Internet
[01] Greek-Russian initiative to promote Kofi Annan's Iraqi visit
Athens, 18/02/1998 (ANA)
Greece and Russia yesterday undertook an initiative to promote
UN Secretary-General Kofi Annan's visit to Iraq, which aims at
persuading Iraqi leadership to permit UN weapons inspections.
Foreign Minister Theodoros Pangalos and his Russian counterpart
Yevgeny Primakov yesterday contacted several European Union
counterparts from northern Greece, in the direction of defusing
the ongoing Iraqi crisis.
Mr. Pangalos and Mr. Primakov contacted French Foreign Minister
Hubert Vedrine from Macedonia Airport in Thessaloniki yesterday
morning. Later, while on Mount Athos, the two ministers had
telephone conversations with German Foreign Minister Klaus
Kinkel and Belgian Foreign Minister Erik Derycke.
Both the Greek and Russian FMs are continuing efforts to
communicate with other counterparts from EU countries, including
British Foreign Secretary Robin Cook.
Mr. Pangalos told reporters earlier in Mount Athos that he and
Mr. Primakov were making "specific efforts" for a political
solution to the Iraqi crisis.
"From Thessaloniki airport we both communicated with (French
Foreign Minister) Hubert Vedrine and we shall probably have
contacts with other foreign ministers," he said.
"There is a considerable danger and let us hope that the UN
Secretary General is left to do his job without needless terms
and conditions which will just make things more difficult. His
final efforts could, with some understanding from the other
side, bring some result," Mr. Pangalos said.
"Of course, the objective of all of us is for the chemical and
nuclear weapons which Iraq may have to be neutralized. No one
supports the view that it should have such weapons. But there
must be some understanding and there must be no show of strength
and intransigence," he added.
Earlier yesterday, diplomatic sources said the views shared by
Russia, Greece and France regarding the crisis in Iraq are
assuming the form of a tripartite initiative aimed at averting a
military conflict.
[02] ... Primakov visit to Mount Athos
Athens, 18/02/1998 (ANA)
The chief administrator of Mount Athos, Kallinikos Iviritis,
told Mr. Primakov that the all-male monastic community was
praying for peace, adding that it was the wish of all that
military conflict be averted in the crisis over weapons
inspections in Iraq.
Father Kallinikos said that the monks of Mount Athos had asked
the commander-in-chief of the US Sixth Fleet, who recently
visited the community, to convey to Washington their desire for
peace to prevail in the world.
Mr. Primakov, who began a three-day official visit to Greece on
Monday, was accompanied by his Greek counterpart Theodoros
Pangalos, who referred to the joint efforts being made with the
Russian foreign minister for a political solution to the Iraqi
crisis.
Asked by reporters to comment on the position expressed by
Father Kallinikos, Mr. Primakov said he would not like to make
political statements while on Mount Athos. Mr. Primakov said
after talks in Athens yesterday with Mr. Pangalos that Greece
and Russia did not consider the use of force to be expedient in
the case of the Iraqi crisis, since this would have serious
repercussions in the broader region.
He stressed, however, that both countries agreed that the
weapons of mass destruction in Iraq must be neutralized.
Father Kallinikos' position, Mr. Pangalos said, was
characteristic of the spirit prevailing in the holy community,
adding that "we, too, share their desire for peace, so that
human lives are not lost..."
The two FMs also visited two monasteries with predominately
ethnic Russian monks.
[03] ... Primakov: Iraq ready to display a 'constructive disposition'
Athens, 18/02/1998 (ANA)
Russian Foreign Minister Yevgeny Primakov stated in Thessaloniki
late last night that according to information he has "it appears
that Iraq is ready, in light of a trip by UN Secretary General
Kofi Annan to Baghdad, to show the greatest constructive
disposition."
He added that Mr. Annan's trip to Iraq must certainly take place
now.
Mr. Primakov reiterated that his country's views on the Iraqi
crisis coincide with those of Greece and France.
"The utmost must be done to neutralize chemical and
bacteriological weapons existing in Iraq, but we must insist on
diplomatic means. We do not have the disposition of resolving
the problem with military means, something which could lead to
negative con sequences for all," he said.
Returning from Mount Athos, for which he expressed his
admiration and underlined the religious ties between Russia and
Greece, Mr. Primakov met Macedonia and Thrace Minister Philippos
Petsalnikos, who hosted a reception in his honor yesterday
evening.
[04] Gov't says measures for loss-making Olympic Airways in a month
Athens, 18/02/1998 (ANA)
Transport and Communications Minister Tassos Mantelis said
yesterday that measures for the streamlining of Olympic Airways
and the Greek Post Offices (ELTA) would be announced within 30
days.
He made the statements after meeting with National Economy and
Finance Minister Yiannos Papantoniou on the future of the two
state-run utilities, also attended by their managements.
Mr. Mantelis said the operational plans of the two public
enterprises would first be submitted to dialogue with staff
before final decisions are adopted.
The two ministers are holding follow-up meetings today to
discuss measures for the urban transport organizations of Athens
(OASA) and the Greek Railways Organization (OSE).
Before yesterday's meeting, Mr. Mantelis said the six-month
deadline given by the government for management and employees to
find solutions to the problems of public enterprises (DEKOs)
other than OA and ELTA would be adhered to. Before the deadline,
managements must have submitted their programs concerning work
regulations, economic revitalization and business plans.
Regarding OA, he said he was unaware of any discussion or
contacts with strategic discussions being conducted between the
airline's management and representatives of other companies.
He added he had instructed OA's management to seek and establish
strategic alliances in the areas of fuel, aircraft maintenance
and OA's relocation to Athens' new international airport,
currently being built at Spata.
Discussions about strategic alliances, he added, must be held
with many parties so that the best may be chosen.
In the case of OA, Mr. Mantelis said steps towards
revitalization must first be taken before any discussions are
held.
"Nobody will be interested in participating in OA if it does not
become competitive," he said.
A project manager must first be found, he continued, and the
company is already in negotiations in order to safeguard its
interests.
[05] EU experts visit Athens to focus on OA problem
Brussels, 18/01/1998 (ANA - M. Spinthourakis)
A European Union delegation of experts is to arrive in Athens
today to look into the Olympic Airways issue.
The delegation will present the Commission's views on a
restructuring program for OA, which last year cut state
subsidies to the air carrier.
A spokesman for EU Commissioner for Transport Neil Kinnock said
yesterday that the Commission has expressed concern on the
restructuring course, stressing at the same time that recent
statements by Prime Minister Costas Simitis in relation to OA
gave rise to reasonable hopes that there was some kind of
understanding to continue with the restructuring program.
[06] ... Postal, railway reforms
Athens, 18/02/1998 (ANA)
Turning to ELTA, Mr. Mantelis said management had already
completed preliminary work for the organization's revitalization
and a dialogue had begun with the workers which "has resulted in
an initial agreement".
In contrast, he went on, the management of OSE was not yet
ready. A relevant study was due to be completed by the end of
the month and on the basis of the business plan to be submitted
by management, a new law would be introduced concerning the
organization, Mr. Mantelis said.
On the reactions of workers in the various DEKO to efforts for
their revitalization, Mr. Mantelis said the knife was not at the
throat of the workers, but at those of managements and the
competent minister.
[07] Resolution in Europarliament on pillaging of Imvros church
Brussels, 18/02/1998 (ANA - P. Pantelis)
The main opposition New Democracy party's Parliamentary group
has tabled a resolution at the European Parliament plenum
regarding the pillaging of an Orthodox church on Imvros earlier
this month.
Besides the widespread damages, several priceless holy relics
were stolen from the church. Imvros and Tenedos, two islands in
the extreme northeastern Aegean inhabited by a homogeneous
ethnic Greek population at the turn of the century, were awarded
to Turkey by the 1923 Treaty of Lausanne.
The resolution calls on the Europarliament to condemn the
sacrilege, stressing that "these illegal acts are in contrast to
the free expression of ideas and fundamental freedoms."
Turkish authorities are also called on to prevent the removal of
the relics from the island and on the Turkish government to
protect and allow the unimpeded operation of cathedrals.
[08] Mubarak receives Tsohatzopoulos in Cairo
Cairo, 18/02/1998 (ANA - S. Trilikis)
Egyptian President Hosni Mubarak and visiting National Defense
Minister Akis Tsohatzopoulos yesterday agreed that Iraqi
strongman Saddam Hussein should accept a UN Security Council
resolution for a continuation of inspections for weapons of mass
destruction. The two men met during the Greek minister's second
day of his official visit here, and also agreed that the US
should in no case proceed with a military intervention, as
diplomatic possibilities were still in place.
"An invasion would create more problems in the Middle East than
it would solve," Mr. Tsohatzopoulos said.
They also discussed current bilateral issues and the
consequences of the Turkish-Israeli military agreement,
stressing that Ankara functioned as a destabilizing factor in
the eastern Mediterranean.
Finally, they endorsed agreements reached between Mr.
Tsohatzopoulos and his Egyptian counterpart on Monday for the
holding of joint aeronautical exercises in the next six months.
The Greek minister's talks with Egyptian Foreign Minister Amr
Moussa centered on much the same subjects. Later, Mr.
Tsohatzopoulos visited a M1-A1 main battle tank production plant.
His visit ends in Alexandria today, as the Greek minister is
scheduled to meet with Orthodox Patriarch of Alexandria and All
Egypt Petros.
[09] Greece reiterates rights under Law of Sea
Athens, 18/02/1998 (ANA)
Greece reiterated yesterday that it had every right under the
Law of the Sea convention to extend its territorial waters from
six to twelve miles and would do so when it saw fit.
Replying to a Turkish foreign ministry announcement issued
yesterday, Greek foreign ministry spokesman Costas Bikas
repeated a statement on the matter issued by the ministry on
Jan. 22.
"Greece fully respects international law... and the joint
communiqui issued in Madrid, adherence to which may and should
have a positive influence on Greek-Turkish relations and
stability in the region," Mr. Bikas said.
The Turkish announcement yesterday said the Madrid "agreement",
signed by Prime Minister Costas Simitis and Turkish President
Suleiman Demirel in July last year, obliged both sides to
refrain from unilateral actions.
"Within this framework, the preservation of the existing extent
of territorial waters in the Aegean is of great importance. If
it is not preserved, the settlement of issues in the Aegean will
be impossible," he said.
Mr. Bikas countered by pointing out that according to
international law, Greece had every right to extend its
territorial waters to twelve nautical miles.
"We have repeatedly stated that when we decide to exercise this
right, we shall act in a responsible manner as a sea power with
a comprehensive perception of freedom of navigation, peace and
good neighborly relations in the Aegean and the Mediterranean .
This is in any case provided for by the right of safe passage
which is recognized by international law," Mr. Bikas said.
"The exercise of this lawful right can therefore under no
circumstances be considered as a threat or non-adherence to the
principles contained in the Madrid joint communiqui, which
Turkey should implement. Ankara would be well advised not to
create issues where there is no issue," he added.
[10] Solana meets with Greek, Turkish ambassadors on Aegean CBMs
Athens, 18/02/1998 (ANA)
Some of the points raised in a proposal by NATO Secretary
General Javier Solana regarding confidence-building measures in
the Aegean are viewed "positively" by Greece, said government
spokesman Demetris Reppas after a meeting yesterday in Brussels
between
Mr. Solana and the ambassadors of Greece and Turkey to NATO.
Greece is open to dialogue, Mr. Reppas said, and wants solutions
to be found within the framework of international law. He added
that Greece's policies had opened up many opportunities for
rapprochement with Turkey.
Mr. Reppas called on Turkey to take advantage of these
opportunities.
[11] Mitsotakis has talks with Turkish Ambassador
Athens, 18/02/1998 (ANA)
Turkish Ambassador in Athens Ali Tuygan yesterday called on main
opposition New Democracy party honorary president and former
premier Costas Mitsotakis for talks on Greek-Turkish relations
and the Cyprus issue, reliable sources said.
The sources said Mr. Mitsotakis told the Turkish envoy that now
was the time for efforts to be concentrated on solving the
Cyprus issue.
"Cyprus' hour has come," Mr. Mitsotakis was quoted by the
sources as saying. They said he asked Mr. Tuygan to convey that
message to the Turkish president and prime minister, stressing
at the same time the need for a just and viable solution to the
Cyprus issue. The sources recalled that Mr. Mitsotakis in the
past had said 1998 would be a critical year for resolution of
the Cyprus issue, adding that a solution of the Cyprus problem
would bring about an improvement in Greek-Turkish relations.
[12] Pentagon pressing for US ratification of Law of The Sea
Washington, 18/02/1998 (ANA- T. Ellis)
The US Defense Department is pressing for ratification of the
Law of The Sea, which was finalized in 1982 and has been signed
by 123 countries.
This position constitutes a significant change in relation with
the recent policy, as Washington considered that the Treaty
restricted the ability of US vessels to sail freely throughout
the world.
The "Defense News" review notes that the US military now
considers that changes brought about in the Law of the Sea in
1994 offer satisfactory solutions to US objections.
"The treaty holds tremendous significance for the US,
particularly with regard to defense and security," Defense
Under-secretary Walter Slocombe said, adding that "the US can
neither urge other countries to sign the treaty nor can it
(Washington) exercise its appropriate leading role with regard
to its (treaty) application if the (US) Senate has not
previously ratified it".
The review considers that non-ratification impedes the speedy
resolution of disputes relating to issues such as national
sovereignty and the extent of territorial waters.
[13] Mass violations of Greek airspace by Turkish warplanes reported
Athens, 18/02/1998 (ANA)
A total of 16 Turkish F-16 and F-4 warplanes violated Greek
national airspace on several instances between the islands of
Lesvos and Hios, according to sources.
The particular area had been designated by Turkey for its
current aeronautical exercises, while the Turkish warplanes
moved in two waves, one in the morning and another early in the
afternoon.
In all cases, Greek fighters intercepted intruders, while on two
instances interceptions developed into engagements.
[14] US ambassador observes F-16 demonstration flight
Athens, 18/02/1998 (ANA)
The US ambassador in Athens visited to the 111 Fighter Wing in
Volos yesterday to observe several demonstration flights of
upgraded F-16 fighters, now manufactured by the US consortium
Lockheed Martin.
Ambassador Nicholas Burns was accompanied by Lockheed Martin
official Kevin Dwyer, the director of the F-16 program.
Both US officials met Nea Aghialos base commander Col. Yiagos.
The US ambassador also participated in a simulator demonstration.
The air test was also observed by senior Greek military
officials, including Major Gen. Koletsos, vice chief of the
Hellenic Air Force Staff, and Brig. Gen. Athinakis, chairman of
the evaluation board.
Mr. Burns will attend a similar demonstration of the F-15
fighter next month.
Both warplanes are being considered for purchase by the Greek
military.
While in Volos, Mr. Burns paid calls to the prefect's office,
the Metropolitan and the city's mayor.
[15] Simitis meeting with KTE secretaries
Athens, 18/02/1998 (ANA)
Prime Minister Costas Simitis yesterday hosted a luncheon for
the secretaries of the Parliamentary Work Sections (KTE) and the
presidents of Parliament's standing committees. This meeting was
in the framework of contacts between the premier and PASOK
deputies and officials.
[16] Vartholomeos visit to Canada
Montreal, 18/02/1998 (ANA - I. Frangoulis)
Ecumenical Patriarch Vartholomeos will visit six Canadian cities
from March 25 to June 2.
Vartholomeos' visit, which will be the first ever by an
Ecumenical Patriarch to that country, will include Ottawa,
Vancouver, Winnipeg, London, Toronto and Montreal.
Canadian Prime Minister Jean Chretien will welcome the Orthodox
Prelate.
[17] ... Meeting with US official
Istanbul, 18/02/1998 (ANA - A. Kourkoulas)
Meanwhile, Vartholomeos described the appointment by the US
administration of a special secretary on human rights issues as
an indication of emerging global changes. The Patriarch made his
observation here yesterday after a meeting with US Assistant
State Secretary John Shattuck.
[18] Papademos again to serve as Bank of Greece governor
Athens, 18/02/1998 (ANA)
A Parliament's committee yesterday approved renewal of Bank of
Greece Governor Lucas Papademos' five-year term. Mr. Papademos
said during the hearing that "Greece will be able to join the
Euro system by 2001."
[19] Karamanlis in Brussels
Brussels, 18/02/1998 (ANA - M. Spinthourakis)
Main opposition New Democracy leader Costas Karamanlis yesterday
arrived here to attend a meeting of ND supporters. He also met
with Athens Mayor Demetris Avramopoulos.
Mr. Avramopoulos is a candidate in today's elections for the
presidency of the European Union's regions committee.
[20] Kontoyiannopoulos to represent six expelled ND deputies
Athens, 18/02/1998 (ANA)
Six deputies expelled from the main opposition New Democracy
party earlier this month have appointed former education
minister Vassilis Kontoyiannopoulos as their representative to a
conference of Parliament chairmen.
The six deputies were expelled for not voting against a
government amendment allowing legislative intervention in public
utilities' (DEKOs) labor relations. Petros Tatoulis was
appointed as Mr. Kontoyiannopoulos' deputy.
[21] Europarliament report on Greek measures on conscientious
objectors
Strasbourg, 18/021998 (ANA - C. Haralambopoulos)
A report by the French Eurodeputy of the European Unified Left,
Aline Pailler, adopted yesterday by a Europarliament plenum,
makes a positive reference to measures taken by the Greek
government to release conscientious objectors and the initiation
of legislation recognizing the rights of conscientious objectors.
The report focused on the state of human rights in the European
Union last year.
In the section of the report concerning Greece, the Parliament
calls on the government to fully give amnesty to all
conscientious objectors so far and to grant them full civil
rights, particularly by granting passports and safeguarding
freedom of travel in the EU.
The relevant resolution also condemns the listing of religion in
identity cards, since the Parliament believes that this action
deals a blow at respect for the private life of people and can
lead to discriminations.
The condemnation of all kinds of racism, xenophobia and
anti-Semitism is reiterated in the Parliamentary resolution,
while it also condemns every act of racial violence or racial
discrimination, particularly in connection with access to
employment, vocational training, residence, education, health
and social services.
The resolution urges member-states to create an independent body
to combat racism and proposes that March 21 should be
established as the European Day for combating racism.
The resolution reminds member-states that immigrants who are not
from EU countries must be able to take advantage of equality of
treatment with regard to economic and social rights.
PASOK party Eurodeputy Irene Lambraki said in her address that
the violation of human rights does not constitute the
regrettable privilege of some remote new countries but also
appears on a daily basis in EU countries as well.
Communist Party of Greece (KKE) Eurodeputy Yiannis Theonas
denounced the hypocrisy which even appears in the plenum's hall,
when the Parliament observes the violation of the most
elementary of human rights around it, such as the genocide of
the children of Iraq, without reacting.
[22] Gov't, opposition clash in Parliament over 2004 draft bill
Athens, 18/02/1998 (ANA)
The government and opposition clashed last night in Parliament
on the proposed draft bill for organization of the Athens 2004
Olympic Games.
Main opposition New Democracy accused the government of a lack
of transparency in preparing the draft bill, while the Communist
Party of Greece (KKE) said it objected to the composition and
operation of the Olympic Games organizing committee.
Defending the government's handling, Culture Minister Evangelos
Venizelos criticized ND, calling on the main opposition to stop
underestimating such an important national issue with what he
called petty political bickering.
PASOK rapporteur Ioannis Zafiropoulos told Parliament that the
draft bill was one of the most crucial bills of the last 20
years.
[23] New traffic code bill
Athens, 18/02/1998 (ANA)
A bill aimed at ushering in a new era on Greece's roads was
being tabled in Parliament, it was announced yesterday.
Transport Minister Tasos Mantelis said the new traffic code,
expected to be in force by summer, will attempt to create a new
mentality based on respect for citizens' lives. The new code
includes a number of measures aimed at reducing accidents, with
emphasis on the needs of children and the disabled.
The authorities are to be held responsible for the condition of
the roads. The parking of all vehicles, including roadside
stalls is to be banned both on main highways and secondary roads.
Drivers are to be held jointly responsible for passengers not
wearing seat-belts. Taxi drivers will not be required to wear
them, but will be held responsible for passengers failing to do
so.
Stiffer sanctions for violations are also provided for. Drivers
who have temporarily lost their licenses under the point system
will have to undergo driver education courses and take another
test.
The blood-alcohol limit for drivers who have been drinking is to
be set at 0.5% (roughly equivalent to a bottle of beer or three
glasses of wine).
Drivers found with levels of 0.5% to 0.8% will be fined 50,000
drachmas. Those with levels of 0.8% to 1.10% will be fined
100,000 drachmas and will lose their licenses for a period of
three months.
Those above that limit will be fined 200,000 drachmas, have
their licenses confiscated for six months, and also face a
prison sentence of at least two months duration.
[24] Albania's Alia has by-pass operation in Greece
Athens, 18/02/1998 (ANA)
Former Albanian president Ramiz Alia was recovering
satisfactorily after undergoing a quadruple by-pass operation at
Thessaloniki's George Papanicolaou Hospital yesterday morning.
The four-hour operation on the 73-year-old former communist
strongman was performed by the head of the cardiology unit,
Panayiotis Spyrou.
Mr. Alia, who was admitted late Sunday night after arriving from
Tirana, will remain in intensive care for two days before being
moved to a hospital room to recuperate for another week.
Cardiologist Stelios Kouroglou told the ANA yesterday after
tests that doctors had found "serious problems with the heart
function".
Mr. Alia had been in intensive care in a Tirana hospital
following a heart attack two weeks ago. His traveling expenses
have been paid for by an anonymous Thessaloniki businessman.
He had suffered his first heart attack six years ago while in an
Albanian prison.
[25] Farmers' protests over
Athens, 18/02/1998 (ANA)
Farmers' protests that brought traffic to a halt along stretches
of the Athens-Thessaloniki highway for several days ended
yesterday as the farmers' took their tractors off the highways,
claiming victory although none of their demands has yet been met
by the government. The protest was officially declared over at a
rally in Tempe by Vangelis Boutas, a member of the Thessaly
farmers' coordinating committee.
Government spokesman Demetris Reppas expressed the government's
satisfaction at the farmers' decision. He said that in order for
the many structural problems in Greek agriculture to be solved,
co-operation and communication were required rather than wasting
energy in tension and conflict.
Mr. Reppas also referred to efforts by Agriculture Minister
Stefanos Tzoumakas within the European Union to defend the
interests of Greek farmers.
[26] Inquiry into legalization of revenues from illegal activities
Brussels, 18/02/1998 (ANA - M. Spinthourakis)
The European Commission intends to send a letter to Greek
authorities asking to be briefed on application of Directive
91/308 regarding legalization of revenues from illegal
activities, Commissioner for Single Market Issues Mario Monti
said in reply to a question by Coalition of the Left Euro-MP
Michalis Papayiannakis.
The question concerned the problems of the Greek banking sector
in relation with controls on transactions.
He asked Mr. Papayiannakis to put any available detailed
evidence at his disposal.
[27] Greeks to get new tax file number under streamlining plan
Athens, 18/02/1998 (ANA)
Greeks will acquire a new tax file number under a finance
ministry decision aimed at widening and streamlining the tax
base in the country, Finance Under-secretary George Drys said
yesterday.
A new nine-figure tax file number will be given to all legal and
private entities, married females, property holders, government
ministries and foreigners operating branches or offices in
Greece.
Mr. Drys said the measure aimed at creating a new tax profile
for every citizen and set up a data base to improve
cross-referencing of tax data in a drive to combat tax evasion.
The new measure will be implemented by the end of 1999 along
with the launch of a program to check tax data.
[28] Greek stocks shed gains in lackluster trade
Athens, 18/02/1998 (ANA)
Greek equities ended slightly lower reversing an earlier advance
on the Athens Stock Exchange yesterday. Traders said the market
lacked buyers and fresh incentives to maintain its rebounding
trend.
The general index closed 0.21 percent down at 1,479.66 points
with sector indices ending mixed.
Banks fell 0.50 percent, Insurance eased 0.08 percent, Leasing
rose 0.59 percent, Investment increased 0.37 percent,
Construction ended 0.71 percent higher, Industrials fell 0.05
percent, Miscellaneous dropped 0.38 percent and Holding rose
0.81 percent.
The parallel market index rose 0.87 percent. The FTSE/ASE blue
chip index ended 0.40 percent off at 820.45 points.
Trading was subdued with turnover at 14.2 billion drachmas.
Broadly, advancers led decliners by 126 to 74 with another 29
issues unchanged.
Eskimo, Singular, Demetriadis, Papoutsanis and Ergas scored the
biggest percentage gains at the daily 8.0 percent upper
volatility limit, while Boutaris, Bank of Athens, Daring and
Keranis suffered the heaviest losses. National Bank of Greece
ended at 2 2,050 drachmas, Ergobank at 14,900, Alpha Credit Bank
at 16,080, Delta Dairy at 2,930, Titan Cement at 13,675,
Intracom at 15,370 and Hellenic Telecommunications Organization
at 5,750.
[29] Greece monitors banking transactions, consumer rights
Athens, 18/02/1998 (ANA)
Greece's development ministry has set up a committee to monitor
banking transactions and protect consumers' rights.
Development Under-secretary Michalis Chrysohoidis said yesterday
the committee was set up with the Bank of Greece, the Greek
Banks Union and consumer organizations.
Its aim was to monitor banking services after complaints of
dubious practices in lending and credit card issues.
Mr. Chrysohoidis said that transparency in banking transactions
could only be ensured by giving consumers adequate information.
[30] Tourism enterprises blast possible cuts in EU programs
Athens, 18/02/1998 (ANA)
Greek tourism enterprises yesterday slammed a possible
government plan to cut funds from co-financed European Union
programs for the sector.
The Association of Greek Tourism Enterprises (SETE) said in a
statement that the national economy ministry intended to make
the cuts to program proposals that had been submitted to the
EU's executive Commission. According to SETE, the ministry
claimed that tourism programs had shown a low absorption rate of
funding. The prospect of cuts has reportedly caused a rift with
the Greek National Tourism Organization.
SETE said the tourist sector, which brings six billion dollars
in foreign exchange each year, should receive more careful
treatment.
A long crisis in the industry should lead the government to
support its recovery, especially through investment policy, SETE
said.
[31] Economic, Social Committee plenum convenes
Athens, 18/02/1998 (ANA)
The plenum of the Economic and Social Committee (OKE) convened
yesterday to express its views on the bill on private
investments, stressing that targets set out in the new
development bill concerning backing for private investments are
imperative for the country's economic and regional development.
OKE said, however, that the specific bill lacks the elements
which would allow the Greek economy to utilize its production
potential. It added that economic development expected and
pursued by the development law is rendered difficult by
superfluous bureaucratic processes which create obstructions for
the smooth operation of the market.
OKE further ascertained the substantive decrease in funds
provided for the agricultural sector which started from the
previous development laws and is also continuing with the new
bill.
It also proposes basic axes which should be followed by a
development law and which include a framework for supporting
small and average-sized enterprises in the direction of
comparative methods of production and the introduction of
sectoral targets at both national and regional level.
[32] Venture capital for Danube Fund
Athens, 18/02/1998 (ANA)
Bankers Trust recently invested US$1.5 million in Alpha Ventures
with the purpose of providing capital for the bank's Danube
Fund, which invests in Balkan countries.
The mutual fund capital after the investment by the US bank
amounted to US$19 million. The company's shareholders are Alpha
Credit Bank, the European Bank Restructuring and Development and
several Greek investors.
[33] Wine orders over the Internet
Athens, 18/02/1998 (ANA)
Users of the Internet will soon have the opportunity to order
their favorite Greek cooperative wine electronically, and their
order will be delivered through the courier firm Posto Express.
This possibility was obtained by the Central Sectoral
Cooperative Union of Vine Products (KEOSOE) in the framework of
implementing a relevant program of the development ministry on
electronic trade.
The electronic wine-shop will be established by KEOSOE in
co-operation with the company of new telematics services,
products and applications PROODOS S.A. and the
telecommunications and informatics company Space Net S.A.
End of English language section.
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