Athens News Agency: Daily News Bulletin in English, 98-03-05
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No 1431), March 5, 1998
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] "Approval of EU financial protocol depends on Ankara's behavior"
[02] Pangalos' Belgrade visit stresses Greek presence in region
[03] ... Pangalos visit
[04] ... Tsohatzopoulos warns against 'adventurism' in the Balkans
[05] ... ESP on Kosovo
[06] Kaklamanis meetings with Turkish, Spanish ambassadors
[07] US Jewish group critical over remarks on Turkish-Israeli ties
[08] WEU seminar to mark organization's 50th anniversary
[09] Greece to promote 'Olympic truce' idea before 2004 Games
[10] Voting on Constitution's amended clauses before summer
[11] Improvement in Serapheim's condition continues
[12] Alia gets clean bill of health
[13] KKE's Papariga begins tour of Crete in Hania
[14] Greek doctors no advertisement for quitting smoking
[15] Bed-wetting physiological, not psychological problem, experts say
[16] Greek marine archeologists to join efforts in Alexandria's port
[17] Mules bring in major hash haul
[18] Simitis defends Florina DEH plant's construction contract
[19] Work for land registry painstakingly slow
[20] Greece-Cyprus business relations discussed
[21] Stephanopoulos briefed on agricultural sector problems
[22] GSEE to push for satisfactory collective bargaining agreement
[23] Yen jumps against drachma in February
[24] Greek stocks stay perky for third straight session
[25] Tourist arrivals expected to rise in Crete this year
[26] UK trade missions to Athens in March
[27] Shipping firm gives cash to maritime schools
[28] First train to arrive in May for new Athens metro
[29] Greek shipping register falls by six vessels
[30] Greek photography exhibition in Stockholm
[01] "Approval of EU financial protocol depends on Ankara's behavior"
Brussels, 05/03/1998 (ANA - M. Spinthourakis)
Greece's stand on the issue of approval of the EU financial
protocol for Turkey will depend on Ankara's behavior, Foreign
Under-secretary Yiannos Kranidiotis said in response to the
Commission's first operational proposals for a strategy on
Turkey, contained in a communication adopted yesterday.
"The Greek position is that, provided Turkey accepts the
principles and conditions set by the EU summit of Luxembourg,
there is no objection to progress in Turkey's European prospects
and the ratification of the financial protocol," he said.
"But let me remind that this protocol also envisaged the
maintenance of relations of good neighborliness between Turkey
and the surrounding countries. It was Turkey's behavior in the
case of the (January 1996) Imia crisis that forced Greece to
raise objections to its ratification. We are waiting for Turkey
to accept that the Imia issue must be referred to the
International Court at The Hague, so that its relations with the
EU may progress," he said.
The communication, which will be submitted for approval to the
Council of Ministers, was adopted yesterday along with another
Commission report "on the development of EU relations with
Turkey following the customs union of 1996," which will be
submitted to the European Parliament.
The two texts were released during a press briefing by External
Affairs Commissioner Hans van den Broek, who said that the
implementation of the European Strategy for Turkey required the
approval by the Council, as soon as possible, of a special
action amounting to 375 million ECU and the adoption of the
financial protocol.
"This view," he said, "is shared by a large majority of EU
member-states," and expressed optimism that the current impasse,
due to Greek reservations, "can be lifted".
Regarding the development of relations with Turkey after the
customs union, the Commissioner said it depended on the
application of a healthy macro-economic policy in that country,
an improvement in the human rights situation, and the
normalization of its relations with its neighbors in the Aegean,
as proposed by the Luxembourg summit.
He said the positions of the EU on this issue were clear, noting
that progress on this issue required efforts by all parties
involved. "In Luxembourg, we said what our demands from Turkey
are, today we clarify our offer to it.
As on the Cyprus issue, a constructive attitude is also required
here. It takes two to tango," the Commissioner said. Regarding
Cyprus, where he arrived last night, Mr. van den Broek said the
Commission wished "to utilize the Cypriot government's desire to
include the Turkish Cypriots in the delegation that will
negotiate accession to the EU."
He noted that during his visit he would discuss with Cyprus
President Glafcos Clerides the issue of formulating a Community
pre-accession strategy for Cyprus and all aspects of the Cyprus
problem, including issues of defense and security, among which
the prospect of the installation of Russian S-300 missiles on
the island figures prominently.
Asked if the issue of Turkish Cypriot participation would put at
stake the commencement and subsequent course of negotiations
which are scheduled for March 31, Mr. van den Broek said that EU
decisions on Cyprus were clear, that everyone wished Cypriot
membership to prove beneficial to both communities, and that for
this to happen Turkey also had to assume its responsibilities.
Commenting on Turkish Cypriot leader Rauf Denktash's earlier
statement that he was "not in a position to receive him," Mr.
van den Broek said "this attitude causes regret rather than
anger," stressing that he did not see how problems could be
solved if there was no channel for dialogue.
[02] Pangalos' Belgrade visit stresses Greek presence in region
Athens, 05/03/1998 (ANA)
Alternate Foreign Minister George Papandreou and US ambassador
in Athens Nicholas Burns yesterday had an impromptu meeting for
talks on developments in Yugoslavia's Kosovo province, following
a flare-up of violence in recent days.
During the meeting, which lasted more than an hour, Mr.
Papandreou briefed the US envoy on foreign minister Theodoros
Pangalos' visit to Belgrade tomorrow.
Mr. Papandreou told reporters afterwards that he discussed with
Mr. Burns the latest developments in the predominately
Albanian-speaking province and stabilization of the situation,
since "any negative development in the region will also
negatively influence all the neighboring countries, including
Greece".
"I also had the opportunity to refer to the initiatives being
taken by the Greek government, and we exchanged our assessments
on the latest developments," Mr. Papandreou said, adding: "I
further informed the ambassador that Mr. Pangalos will visit
Belgrade soon and that we are in close contact with our
neighbors and with Albania, as well as with FYROM, in which
efforts are being made to confront the problem".
Mr. Burns said after the meeting that "the United States is very
concerned with this situation in Kosovo, and we very much hope
that there can be peace and stability in this region".
Questioned on a letter from US Secretary of State Madeleine
Albright that he personally delivered to Mr. Pangalos, Mr. Burns
replied: "...I would not like to speak about that. I believe the
Greek government is the authority to reply. There is good
communication between the US Secretary of State and Mr.
Pangalos, as it should be among the ministries of two allies,
but I would not like to go into the details of the letter. We
should have the ability to adequately discuss some things in
private."
[03] ... Pangalos visit
Athens, 05/03/1998 (ANA)
Government spokesman Demetris Reppas said later that Mr.
Pangalos' visit to Belgrade tomorrow did not signal an
initiative by the foreign minister, but was merely indicative of
Greece's presence in the region.
Clarifying that the visit had been planned some time ago, Mr.
Reppas said Mr. Pangalos would be discussing respect for the
rights of the ethnic Albanians of Kosovo and Yugoslav
sovereignty in the region.
Replying to questions, the spokesman said there were no plans
for Mr. Pangalos to visit Tirana, Pristina or Skopje, since this
had not been requested by the respective governments.
Asked whether the crisis in Kosovo dictated a more flexible
relationship with the Former Yugoslav Republic of Macedonia
(FYROM), Mr. Reppas said Greece's relations with Skopje were
"very good, are constantly improving while new horizons are
opening up".
He described Greece's relations with the neighboring country as
"flexible, based on the prudence of both sides".
Referring to the visit today of a FYROM government delegation,
headed by Foreign Under-secretary Ognuen Malefski, he said talks
would focus on bilateral issues, trade, economic relations,
while adding that it would be "logical" also to discuss the
Kosovo crisis.
Mr. Reppas, meanwhile, described Ms Albright's letter to Mr.
Pangalos as being "usual", in view of the Greek foreign
minister's forthcoming visit to the United States. The spokesman
denied press reports that the letter raised the issue of Greece
reducing the extent of its national air space.
[04] ... Tsohatzopoulos warns against 'adventurism' in the Balkans
Athens, 05/03/1998 (ANA)
The international community must intervene decisively to ensure
that certain people will not be able, in the context of any
adventurist pursuits, to exploit the situation in which
minorities in the Balkans find themselves, Defense Minister Akis
Tsohatzopoulos said yesterday in reference to ongoing events in
Yugoslavia's Kosovo province.
"The situation there carries the seed of anomaly if account is
taken of the armed clashes in northern Albania and the concern
among other sections of the Albanian minority in other parts of
the Balkans," said the minister, who participated in the
sessions of European Socialist Party (ESP) in Brussels.
"The ESP conference in Thessaloniki in June, with the
participation of all Balkan parties, acquires particular
timeliness and will further the possibility of communication,
co-operation and approach to our efforts for the future of
Balkan peoples," he said.
[05] ... ESP on Kosovo
Brussels, 05/03/1998 (ANA - G. Daratos)
After meeting here yesterday, the presidium of the European
Socialist Party (ESP) issued an announcement on the situation
prevailing in Kosovo, in which it expressed serious concern over
the escalation of violence in the region.
The ruling PASOK party was represented by National Defense
Minister and ESP vice-president Akis Tsohatzopoulos, Foreign
Under-secretary Yiannos Kranidiotis and several PASOK
Eurodeputies. The ESP announcement also stressed that a
deterioration of the situation in Kosovo could be of an
immediate threat to stability in the broader region, while it
expressed regret at the use of violence by some extremist groups
in the region's mostly ethnic Albanian population to achieve
political goals. At the same time, however, it condemned what it
called the massive and violent police operations to suppress
peaceful demonstrations.
A settlement of the Kosovo crisis, the ESP announcement
maintains, should be based on respect for basic human rights, as
well as on safeguarding cultural and political autonomy and
avoiding changes in existing European borders. For this reason,
it called on the Federal Republic of Yugoslavia and
representatives of Kosovo's Albanian-speaking population to
urgently open talks for the region's future.
In another development, the ESP presidium endorsed a proposal by
the Greek delegation for a meeting of Europe's socialist defense
ministers on the island of Rhodes on May 9 and 10, prior to a
Western European Union ministerial meeting, as well as the
holding of a ESP conference on security and stability in the
Balkans between June 25-27 in Thessaloniki.
The ESP presidium further more accepted a PASOK invitation for
the holding of the ESP's spring open university at the end of
August.
[06] Kaklamanis meetings with Turkish, Spanish ambassadors
Athens, 05/03/1998 (ANA)
Parliament President Apostolos Kaklamanis yesterday impressed
upon the Turkish ambassador to Athens, Ali Tinaz Tuygan, the
concerns generated in Greece by Ankara's aggressiveness in the
Aegean and Cyprus.
Mr. Kaklamanis told Mr. Tuygan at a meeting yesterday that
Athens was dedicated to the principles of peaceful co-existence
and respect for borders.
He reminded the envoy that Greece's Parliament had put two
proposals to the Turkish national assembly. The first concerns
the formation of a joint parliamentary committee to help in
efforts to combat drug trafficking, while a second was the
appointment by the Turkish assembly of an expert to participate
in a group set up under a Greek initiative regarding a meeting
of the presidents of parliament of the countries of southeast
Europe, following the first such meeting in Athens last
November.
Mr. Kaklamanis also invited his "moderate" counterpart Hikmet
Cetin to visit Greece.
Mr. Tuygan told Mr. Kaklamanis that Turkey did not harbor
hostile feelings towards Greece or its people.
In an unrelated development, Mr. Kaklamanis also met with
Spanish ambassador Javier Jimenez Ugarte.
[07] US Jewish group critical over remarks on Turkish-Israeli ties
New York, 05/03/1998 (ANA)
The American Jewish Committee expressed concern over what it
called "critical comments" made recently regarding
Turkish-Israeli ties by Foreign Minister Theodoros Pangalos.
In a letter sent to the Greek ambassador to Washington Loucas
Tsilas, AJC Executive Director David A. Harris cited remarks
concerning Turkish-Israeli ties, which the Greek foreign
minister referred to as "an alliance of wrongdoers," during his
official visit to Egypt last week.
Mr. Harris also criticized Mr. Pangalos' allegation of a "double
standard" at the United Nations, referring to Iraq and Israel.
"These comments," wrote Mr. Harris, "are contrary to the spirit
of Greek-Israeli friendship that many of us, on both sides of
the ocean, have worked hard to advance in the last decade."
[08] WEU seminar to mark organization's 50th anniversary
Brussels, 05/03/1998 (ANA - G. Daratos)
The Western European Union (WEU) will organize a major seminar
on March 17 to mark the organization's 50th anniversary, instead
of a summit by member-states, as had been proposed by Greece,
which currently holds the WEU's rotating presidency.
Invited speakers include National Defense Minister Akis
Tsohatzopoulos, WEU Secretary Jose Cutilheiro, NATO Secretary
General Javier Solana as well as the Belgian and Polish defense
ministers. EU Commissioner Hans van den Broek and WEU
parliamentary assembly President Luis Maria de Puig will also to
attend the seminar.
The WEU includes 10 full members and three associate members.
Another five countries hold observer status.
[09] Greece to promote 'Olympic truce' idea before 2004 Games
Athens, 05/03/1998 (ANA)
The Olympic flame will travel around the world before the
opening of the 2004 Athens Olympics, a move which according to
Alternate Foreign Minister George Papandreou is aimed at
promoting the idea of an 'Olympic Truce'.
The Olympic truce will take on a more official form in May,
during a visit to Greece by the president of the International
Olympic Committee (IOC), Juan Antonio Samaranch.
The idea was presented by Mr. Papandreou during the recent
Winter Olympics in Nagano, Japan, while Mr. Samaranch has
already endorsed the Olympic truce concept.
[10] Voting on Constitution's amended clauses before summer
Athens, 05/03/1998 (ANA)
Justice Minister Evangelos Yiannopoulos announced yesterday that
voting on amended clauses of the country's Constitution will be
completed before summer. The minister was speaking after a
voting by the Parliamentary constitutional reform committee,
which voted in favor of a government-sponsored constitutional
reform.
According to Mr. Yiannopoulos, the debate in the Parliament's
plenum could begin after Easter and be completed in one week,
and if everything goes according to schedule, procedures will
end before Parliament's summer vacation.
Taking the floor, the honorary president of the main opposition
New Democracy party, Constantine Mitsotakis, said the voting
process should be completed soon, as no-one could exclude the
likelihood of early elections, which will in turn obstruct the
constitutional reforms.
Replying to ND criticism, Culture Minister Evangelos Venizelos,
a constitutional law expert, said the opposition should not seek
an early election as it was currently going through a critical
period.
[11] Improvement in Serapheim's condition continues
Athens, 05/03/1998 (ANA)
An improvement noted recently in the health of Archbishop of
Athens and All Greece Serapheim continued yesterday, while
doctors treating him at the Laiko Hospital in Athens did not
issue a latest medical bulletin yesterday.
A hospital official said the Archbishop will remain in the
hospital until his therapy has been concluded and in order to
monitor possible complications. He said Serapheim's exit from
the hospital cannot be given because doctors are waiting to see
whether the improvement will continue in the next few days.
Archbishop Serapheim underwent a scheduled four-hour blood
dialysis at 10 a.m.
He was visited at noon by the Archbishop of Tirana and All
Albania Anastasios, who said he saw Archbishop Serapheim while
he was undergoing dialysis. The Archbishop was also visited by
members of the Holy Synod and other clergymen. A visitors' book
has already been opened on the third floor of the hospital.
[12] Alia gets clean bill of health
Athens, 05/03/1998 (ANA)
Former Albanian president Ramiz Aliais to return home at the end
of this week after his recovery from quadruple by-pass surgery
performed last month at Thessaloniki's Papanikolaou Hospital.
Mr. Alia, who was recently discharged from hospital, was seen
eating out in Thessaloniki on Tuesday with two young relatives
and his surgeon Dr. Panayotis Spyrou.
The former Albanian leader suffered his first heart attack six
years ago while serving an eight-year prison sentence for abuse
of power and violation of the people's rights after assuming
power following the death of dictator Enver Hoxha in 1985.
He was later freed after an appeals court ruling only to be
rearrested and charged with killing or ordering the deportation
of dissidents who tried to flee the country illegally.
He escaped from jail along with hundreds of others during an
armed uprising in March last year and was finally cleared of all
charges in October.
[13] KKE's Papariga begins tour of Crete in Hania
Athens, 05/03/1998 (ANA)
Communist Party of Greece (KKE) Secretary General Aleka
Papariga, beginning a four-day tour of Crete, stressed the need
for a change on the country's political scene, adding that there
is the feeling that the political scene is changing and
something new will appear soon.
Speaking in Hania, on the first stop in her tour, Ms Papariga
said the agricultural problem is the most important currently
being faced in Crete.
Criticizing the government over its agricultural policy, she
said farmers in Crete are also on the borderline of poverty.
Referring to the operation of the US base in Souda, she said
that Crete cannot be turned into an "American territory". Ms
Papariga predicted that the agreement concluded between the UN
Secretary General and Iraqi leader Saddam Hussein, which is
already being questioned, must not lead to complacency, since
the US has different plans.
She also claimed that the Souda Base constitutes a stronghold in
Washington's plans. She further said that investments by private
individuals on the island of Gavdopoula serve military and
political purposes and expressed her party's opposition to such
developments.
Ms. Papariga visited the Mayor of Hania Georgios Tzanakakis
yesterday morning for talks on issues concerning local
administration. Mr. Tzanakakis also briefed Ms Papariga on
problems currently being faced by the city of Hania.
[14] Greek doctors no advertisement for quitting smoking
Athens, 05/03/1998 (ANA)
Greeks have often been cited as the heaviest smokers in Europe,
and according to findings announced at the second Mediterranean
conference on chest disease in Athens yesterday, more than half
of the country's doctors are addicted to smoking.
Apart from the effects of smoking such as emphysema, which also
affects passive smokers, the conference focused on genetic
research into why some people find it easier to stop smoking
than others, and on new non-invasive methods of examining the
chest cavity.
Athens Pharmacology Professor N. Houlis quoted recent research
giving credence to a biological basis for nicotine addiction.
[15] Bed-wetting physiological, not psychological problem, experts say
Athens, 05/03/1998 (ANA)
Bed-wetting continues to plague up to 100,000 Greek children
between the ages of 5 and 15 and another 60,000-100,000 adult
Greeks and experts now say that labeling the condition a
psychological problem is wrong.
Recent studies at Thessaloniki's Aristotelian University have
shown that the condition is of a purely physiological nature
which must be dealt with by doctors trained in the condition.
Bed-wetting can, however, prompt psychological side-effects such
as low self-esteem, social marginalization and, in extreme
cases, sexual disorders post-puberty.
The issue of childhood bed-wetting will be the focus of the 5th
Urological Seminar to be held in Thessaloniki on Saturday.
The seminar is to be attended by Greek, German, US and Danish
experts.
[16] Greek marine archeologists to join efforts in Alexandria's port
Athens, 05/03/1998 (ANA)
Four Greek marine archaeologists from the culture ministry will
join four Egyptian counterparts in searching the unexplored
eastern sector off the port of Alexandria, it was announced at a
press conference yesterday.
The team will be looking for architectural remains dating to the
Ptolemaic and Roman periods described in the writings of Strabo.
"We need Greece's 30 years of experience in marine archaeology,
as our own service was founded only two years ago," said the
director of Egypt's Marine Archaeology Service, Ibrahim Darwish.
He said a French team is continuing its exploration of the
western sector of the harbor for the ancient Pharos -
Alexandria's lighthouse, one of the seven wonders of the ancient
world, built in 270 BC. The remains of the Pharos finally sunk
in the city 's harbor after an earthquake on Aug. 8, 1303.
[17] Mules bring in major hash haul
Athens, 05/03/1998 (ANA)
Kastoria police yesterday seized more than two tons of hashish
loaded on mules, the biggest haul to date on the Greek-Albanian
frontier, but the mule drivers managed to escape over the border
into Albania.
A police spokesman told the ANA that 2.17 tons of hashish was
loaded on 15 mules driven by unidentified persons who fled
across the border when they spotted the police. The spokesman
said police had set up an ambush, acting on a tip-off, adding
that the narcotic was destined for an area in central Greece,
citing police sources.
[18] Simitis defends Florina DEH plant's construction contract
Athens, 05/03/1998 (ANA)
Speaking in Parliament yesterday, Prime Minister Costas Simitis
underlined that construction of a Public Power Corp. (DEH) plant
in Florina will go ahead as planned. Mr. Simitis was replying to
questions by the leaders of the Coalition of the Left
(Synaspismos) Nikos Constantopoulos and Democratic Social
Movement (DHKKI) Demetris Tsovolas.
The Synaspismos leader asked for explanations as to why the
construction cost had risen to 215 billion drachmas from the
initial 125 billion drachmas. Mr. Simitis maintained that the
cost was competitive, and stressed that Parliament was not the
appropriate state body to ratify private contracts as requested
by the two opposition leaders.
He said neither the government, nor DEH could unilaterally alter
any part of the contract with the Russian contractor.
[19] Work for land registry painstakingly slow
Brussels, 05/03/1998 (ANA)
Work to create a national land registry have started only over
2.58 per cent of Greece and is developing at a particularly slow
rate, since the undertaking is estimated to be concluded in 15
years' time, according to European Union Commissioner Monika
Wulf-Mathies.
She was replying to a question by New Democracy party Eurodeputy
Costas Hatzidakis. Ms Mathies said that work carried out so far
concerns, firstly, 52 per cent of the registration of 66 local
administration bodies (OTAs) in the framework of the first
awarding of contracts (budgeted at 27.3 million ECU for an
expanse of 230,000 hectares.
The time of completion is slated at the end of 1998. Secondly,
it concerns 20 per cent of the registration of 54 OTAs in the
framework of the second awarding of contracts (budgeted at 14
million ECU for an expanse of 110,000 hectares, with a
completion time at the end of 1999.
Mr. Hatzidakis deduced from the above that work underway
concerns expanses totaling 340,000 hectares, namely, 40 per cent
of the 850,000 hectares anticipated by the second Community
Support Framework.
It must be pointed out that Greece's total area is 13.2 million
hectares, as well as that completion of the undertaking will
require about 15 years, while the government had anticipated
that work would have been completed in 2009.
[20] Greece-Cyprus business relations discussed
Nicosia, 05/03/1998 (ANA - G. Leonidas)
Cyprus and Greece are focusing on ways of expanding to the
Middle East with joint commercial activities.
Bilateral relations between the two countries were examined
during a meeting between Cypriot Finance Minister Christodoulos
Christodoulou and Greek ambassador to Nicosia Kyriakos
Rodousakis.
Mr. Rodousakis visited Mr. Christodoulou to congratulate him on
his reappointment to the post.
Reference was made during the meeting to a plan by the
Development Bank of Cyprus regarding business activities in
Greece, while the two countries are jointly examining plans to
expand to Europe and the Middle East.
[21] Stephanopoulos briefed on agricultural sector problems
Athens, 05/03/1998 (ANA)
President of the Republic Kostis Stephanopoulos yesterday met
with the boards of the country's leading farm trade unions, who
briefed him on problems in the agricultural sector.
Mr. Stephanopoulos was briefed on current developments in the
farm sector, the crucial period in view of developments with
regard to the EU's "Agenda 2000" program and the next round of
talks at the World Trade Organization.
President Stephanopoulos requested more regular meetings, while
he promised farmers' representatives that he will bring up
relevant issues in meetings with his foreign counterparts.
[22] GSEE to push for satisfactory collective bargaining agreement
Athens, 05/03/1998 (ANA)
Trade unions are expected to intensify activities with a view to
concluding a satisfactory national collective bargaining
agreement with employers after next week's General Confederation
of Greek Workers' (GSEE) 29th congress in the northern city of
Kavala.
During yesterday's board meeting, GSEE President Christos
Polyzogopoulos did not rule out strike mobilizations, describing
negotiations so far as unproductive and the tactics of employers
as leading to deadlock.
He added that the unions would insist on pay rises of between 6
and 7 per cent, specifying that the negotiable margin was not
more than 1 per cent.
[23] Yen jumps against drachma in February
Athens, 05/03/1998 (ANA)
A sharp appreciation of the Japanese yen against the drachma and
stable average fixing rates for most foreign currencies were the
main features of Greece's foreign exchange market in February.
Most European currencies showed minor changes against the
drachma compared with January. The ECU was 0.03 percent higher
against the Greek currency. The DMark rose slightly by 0.05
percent against the drachma while the British pound was 0.17
percent higher.
The US dollar fell 0.08 percent against the drachma in February,
while the Japanese yen soared 2.71 percent against the Greek
currency. The Japanese currency was 5.6 percent higher against
the drachma in December 1997-February 1998.
[24] Greek stocks stay perky for third straight session
Athens, 05/03/1998 (ANA)
Greek equities held their upward momentum for the third
consecutive session on the Athens Stock Exchange yesterday,
reflecting positive developments in the domestic money markets.
A rebound in the domestic bond market, a new drop in interbank
rates and an expected fall in the inflation rate to 4.2 percent
in February all spurred trading in shares. The general index
closed 1.45 percent higher at 1,466.57 points.
Sector indices were mixed. Banks rose 1.70 percent, Insurance
fell 0.02 percent, Leasing dropped 0.18 percent, Investment was
1.77 percent off, Construction soared 3.35 percent, Industrials
increased 1.35 percent, Miscellaneous shot up 4.06 percent and
Holding was 0.47 percent up.
The parallel market index for small cap companies ended 0.05
percent higher. The FTSE/ASE blue chip index rose 1.68 percent
to end at 819.53 points. Trading was heavy with turnover at 18.4
billion drachmas. Hellenic Telecommunications Organization
jumped to 5,940 drachmas in heavy volume of 333,140 issues.
Broadly, advancers led decliners by 129 to 89 with another 16
issues unchanged. Keranis, Karelias, Ridenco, Viochalco, Rilken
and Sarandopoulos scored the biggest percentage gains at the
daily 8.0 percent upper volatility limit, while Atemke,
Parnassos, Lanakam, Mouriades and Alpha Invest suffered the
heaviest losses. National Bank of Greece ended at 21,150
drachmas, Ergobank at 15,200, Alpha Credit Bank at 15,995, Delta
Dairy at 2,950, Titan Cement at 14,290 and Intracom at 14,805.
Bankers reported capital inflows of 40 million ECU's and 55
million US dollars at the drachma's daily fixing. The Greek
currency was slightly higher against most foreign currencies. In
the interbank market, interest rates fell after the Bank of
Greece lowered the overnight rate to 16.75 percent from 17
percent in its weekly intervention.
[25] Tourist arrivals expected to rise in Crete this year
Athens, 05/03/1998 (ANA)
Cretan hoteliers expect higher tourist arrivals for 1998, a
prediction coinciding with that of the Greek tourism
authorities. Mary Daskalantonaki, president of the Hoteliers
Association of Crete, yesterday forecast a 10 percent increase
in tourist arrivals to lower category hotels and a 5.0 percent
rise in higher category hotels in the island.
Ms. Daskalantonaki acknowledged that Greece's image abroad had
improved resulting in higher tourist demand for the country. She
predicted higher tourism growth in 1999.
In addition, a freeze in hotel prices over the last four years
had given a competitive edge to Greek tourism.
A German was paying 145-150 DMarks for a five-star hotel in
Spain while in Greece the price was only 100 marks. National
Tourism Organization of Greece secretary general Nikos Skoulas
urged Greek hoteliers to show restraint and avoid overbooking
during the summer months.
[26] UK trade missions to Athens in March
Athens, 05/03/1998 (ANA)
Two trade missions from the United Kingdom will visit Athens on
March 17-18.
One delegation of over 26 companies plans to demonstrate
specialist equipment for airport services and equipment produced
in the UK. The second will arrive from Iraklion, Crete, bringing
a mini-exhibition of products and services in contract
furnishings for hotels and tourist resorts.
[27] Shipping firm gives cash to maritime schools
Athens, 05/03/1998 (ANA)
Ceres of Greece, a hydrofoil operator, has donated 200,000
dollars to help finance schools belonging to the Training Center
for Merchant Marine Personnel. The announcement was made by
Merchant Marine Minister Stavros Soumakis.
[28] First train to arrive in May for new Athens metro
Athens, 05/03/1998 (ANA)
The Athens metro project is moving rapidly towards completion,
Environment, Town Planning and Public Works Minister Costas
Laliotis told reporters yesterday.
Mr. Laliotis took journalists on a five-km journey on the
underground line from the Pentagon to Evangelismos.
He said that the first metro train would arrive in Athens in May
followed by a second in June. By the end of the year 15 out of a
total of 17 trains were expected with 112 coaches. Each train
will carry six coaches.
Mr. Laliotis said that the first test run of the trains would be
along the Sepolia-Attica Square line. He said that the Athens
metro project would include installation of a fiber optics
system to facilitate the use of mobile telephones in the
underground.
[29] Greek shipping register falls by six vessels
Athens, 05/03/1998 (ANA)
The Greek-flagged merchant fleet decreased by six vessels and
191,311 DWTs last month. During February, six vessels with a
total capacity of 87,840 DWTs joined the national register,
while 12 ships with a total capacity of 209,151 DWT's were
removed.
Out of the registered ships, four had an average age of 17.5
years and the other two an average of one year, while out of
those written off one was 32 years old and the remaining 11 had
an average age of 22 years.
[30] Greek photography exhibition in Stockholm
Athens, 05/03/1998 (ANA)
An exhibition of photographs by veteran Greek foreign
correspondent and photographer Stathis Yannakopoulos opens in
Stockholm on Saturday as part of events marking the Swedish
city's term as Cultural Capital of Europe for 1998.
The exhibition, titled "Dream Sequences", was recently on
display at the Foreign Press Association of Greece.
Mr. Yannakopoulos, who studied photography, cinema and
television, has been a long-time contributor to Fox Movieton
News, Visnews, RAI, and permanent correspondent for the German
magazine Bunte and the French magazine Marie Claire. He has been
awarded the Silver Cross of the Ecumenical Patriarchate of
Constantinople, the Gold Cross of the High Council of Belgium,
the Silver Cross of the Federation of Union Resistance, and the
Gold Medal of the Public Encouragement Council.
The exhibition, after closing in Stockholm on March 23, will
return to Greece for a tour of provincial towns throughout the
country. The works will then be auctioned, and the proceeds will
be donated to aid battered children.
End of English language section.
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