Athens News Agency: Daily News Bulletin in English, 02-11-16

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Simitis holds telephone conversation with U.S. President Bush, talks with Baykal

[02] Denktash postpones departure for Cyprus due to condition of his health

[03] Spokesman comments on reactions by three former ministers to Annan plan

[04] ND leader schedules meetings with international leaders in support of Cyprus

[05] Overwhelming majority of Turkish Cypriots support island republic's EU accession

[06] Greece: Opportunity for Cyprus settlement must be seized

[07] PM Simitis addresses European socialists on the future of democratic socialism

[08] Simitis meets Swedish PM on the sidelines of the PES Council

[09] Energy commissioner Loyola de Palacio holds talks with FM Papandreou

[10] Alternate FM meets Polish Deputy FM for EU affairs

[11] Greece to back economic development in Kaliningrad

[12] Cyprus plan dominates Parliament session honoring Polytechnic uprising

[13] Parties issue messages on Polytechnic uprising anniversary

[14] Citizens in the 10 EU candidates positive toward accession

[15] Public order ministry tables bill transferring passport issue to police

[16] Portuguese president due in Athens in early December

[17] Christodoulakis presents Greek presidency's economic goals

[18] Main opposition accuses gov't of 'total failure' in agriculture

[19] Minister and EU commissioner discuss open European skies

[20] Gov't tells EU that Olympic Airways' finances are recovering

[21] Two bids in Athens 2004 Olympics home-lease tender

[22] Capital Link company organizes economic forum in New York

[23] Southeast Europe takes step to create regional electricity market

[24] Greek current accounts deficit falls in September, yr/yr

[25] Greek weekly economic review

[26] Greek stocks jump 1.14 percent on Friday

[27] Anti-flooding measures at Kifissos satisfactory, minister says

[28] Conference on lesser used languages in Thessaloniki

[29] President Clerides says Athens talks will decide strategy on Annan's plan

[30] Lord Hannay to visit Greece and Cyprus

[01] Simitis holds telephone conversation with U.S. President Bush, talks with Baykal

Prime Minister Costas Simitis had a telephone conversation with U.S. President George W. Bush from the Polish capital on Friday and said later the U.S. president was interested primarily in learning whether or not a date will be set at the European Union's Copenhagen summit for the beginning of negotiations with Turkey.

Simitis, who was speaking after meeting Turkish opposition leader Deniz Baykal, also said President Bush praised Greece's position which, as he said, has stated in principle that it did not desire the EU's door to close to Turkey at the Copenhagen summit and a date to be provided for the beginning of negotiations.

The Greek prime minister informed President Bush that setting a date for the beginning of negotiations also depends on Turkey's stance, as well as on moves it will make on issues concerning its cooperation with the EU.

Simitis mentioned two examples affecting cooperation between the EU and Turkey. The first concerns the Cyprus issue and UN Secretary General Kofi Annan's blueprint.

On this issue, Simitis said Turkey must confirm the position for cooperation which passes through the recognition of the UN secretary general's effort and the acceptance of the Annan blueprint in principle as a starting point for negotiations.

Simitis spoke in a similar manner to Baykal during their 10-minute meeting on the sidelines of the European Socialist Party's Council meeting.

He told Baykal that the setting of a date for the beginning of EU-Turkish negotiations is not a technical issue but will be a political move on the part of the EU.

For such a date to be set, Turkey should show that it is aware of the implementation of the Copenhagen criteria and that it will contribute to a solution to various problems, including the Cyprus issue.

Baykal, according to what Simitis said, noted that he believes that if a date for negotiations is set all these issues will be solved.

Regarding the Annan blueprint, Baykal told Simitis that he has not studied the issue and cannot state his position.

However, in a statement after his meeting with Simitis, Baykal said his Republican Popular Party and himself support the peace process and expressed hope that channels of communication will be found between the two sides.

Both Simitis and Baykal agreed that more steps will have to be taken to improve relations between the two countries, while the Greek prime minister told his interlocutor that a great deal depends on the Turkish side.

The second example Simitis mentioned to President Bush during their telephone conversation on setting a date for EU-Turkish negotiations concerns the European army.

Simitis reminded President Bush of the decision taken by the special Brussels summit on the European army which will be brought to NATO's attention at the alliance's summit in Prague next week. He pointed out to President Bush that the issue can be closed if it meets with acceptance from Turkey.

According to the Greek prime minister, President Bush promised him that he will address these issues and will examine how he can help in promoting them.

Simitis said his exchange of views with President Bush was positive since, as he said, he had the opportunity of pointing out to him that a solution cannot be achieved without moves on the part of Turkey.

He also told President Bush that the stage has been reached at which there must be clear proof of a change in Turkey on the way these issues are being handled and that a climate of trust should be created between the two countries to avoid friction.

Cyprus president arrives in Athens for talks on UN plan: Cyprus President Glafcos Clerides arrived in Athens on Friday evening to meet on Saturday with Greece's political leadership, and to discuss the United Nations Secretary General Kofi Annan's plan for the resolution of the Cyprus problem.

''I believe that all those who speak in favor of, or against the plan do damage and not good. It should have been discussed first, a common strategy should have been decided and we should have had promoted that common strategy,'' Clerides said to journalists upon his arrival.

He also said that ''there are not traps'' concerning the island republic's accession to the European Union, while responding to a question he said that he did not know whether Turkish Cypriot community leader Rauf Denktash asked for and received an extension to respond whether he accepts the plan.

He noted, however, that it would not be out of the ordinary for such a development considering Denktash's health.

Meanwhile in Warsaw, Cyprus' KISOS Party President Yiannakis Omirou and Greek Prime Minister Costas Simitis discussed the latest developments concerning the Cyprus problem, focusing on the Annan plan.

Omirou also met with German EU Commissioner Guenter Verheugen and Turkish Republican Party leader Deniz Baykal.

[02] Denktash postpones departure for Cyprus due to condition of his health

NEW YORK 16/11/2002 (ANA)

Denktash had undergone open-heart surgery in a New York hospital.

Denktash was due to make statements to Turkish journalists prior to his departure but the briefing was called off.

The Turkish Cypriot leader was initially due to arrive in Cyprus on Saturday.

[03] Spokesman comments on reactions by three former ministers to Annan plan

Athens, 16/11/2002 (ANA)

The spokesman was referring to views voiced by former ministers Theodoros Pangalos, Yiannis Kapsis and Gerassimos Arsenis during a debate in Parliament's foreign and defense committee on Thursday.

''The views of the three former ministers are respected,'' Protopapas said.

He noted that ''the dialogue was held within a parliamentary committee, the government however reminds that it is committed by the decision of the Cabinet.'' He referred to the relevant statements by the prime minister that the Annan plan is ''a starting point for constructive negotiations'' which constitutes a great opportunity for a solution to the Cyprus issue, ''maybe the last one.''

The spokesman said the Annan proposal was being dealt with responsibility because even if it fails in its final result, ''we should have convinced the international community on the sincerity of our intentions which aim at the finding of a just, operational and viable solution to the Cyprus issue.''

In reference to the issue of the extension of the seven-day deadline which Annan gave to the two sides to give an in principle reply, the spokesman said that following the communications he had with Nicosia, he ascertained that there were reports which confirm the extension but that ''nothing is yet certain.''

[04] ND leader schedules meetings with international leaders in support of Cyprus

Athens, 16/11/2002 (ANA)

Karamanlis will meet on Saturday with Cyprus President Glafcos Clerides in Athens, on Sunday he will depart for Paris, where he will hold meetings in the framework of the French ruling UMP party founding congress and on Monday he will meet with Turkish Justice and Development Party leader Recep Tayyip Erdogan, who recently won the general elections in Turkey.

In the coming weeks, Karamanlis will also meet with British representative on the Cyprus issue Lord David Hannay and with European Commission President Romano Prodi.

Meanwhile on Friday, Karamanlis received in his office U.S. envoy for the Cyprus issue Thomas Weston, who was accompanied by Ambassador Thomas Miller.

Karamanlis reiterated the standing position of ND for the necessity of arriving at a just, viable and functional solution of the Cyprus problem, based on the decisions and resolutions of the United Nations and in line with the European Union's acquis communautaire.

[05] Overwhelming majority of Turkish Cypriots support island republic's EU accession

BRUSSELS 16/11/2002 (ANA -B. Demiris)

The poll conducted for the European Commission showed that 88.4 per cent of the Turkish Cypriots stated that the accession to the Union is ''a good thing'', while 3.5 per cent stated that it is a ''bad thing'' and 7.9 per cent ''neither bad nor good''.

[06] Greece: Opportunity for Cyprus settlement must be seized

United Nations 16/11/2002 (ANA/M.Georgiadou/CNA)

This was stressed by Greek Permanent Representative to the UN, Ambassador Periklis Stamoulis, addressing the Third Committee of the UN General Assembly for the human rights violations in Cyprus stemming from Turkey's invasion in 1974 and the continuous occupation of more than one third of the island's territory.

Referring to the document for a comprehensive settlement of the Cyprus problem presented by Kofi Annan to the parties involved, Stamoulis noted that a Cyprus solution should ''be viable and functional and since the Republic of Cyprus' accession to the

European Union is eminent the settlement should be also in conformity with the principles values and acquis of the EU.''

Speaking on human rights questions, Stamoulis said that numerous decisions of international judicial and other bodies on Cyprus have been ignored by Turkey.

Stamoulis noted that Turkey still violates the rights of some 500 Greek Cypriots, who remain enclaved in the northern occupied territory, the right of Greek Cypriot refugees to their property, by preventing them from returning to their houses and the rights of the relatives of missing persons by refusing to inform them of their fate.

[07] PM Simitis addresses European socialists on the future of democratic socialism

WARSAW 16/11/2002 (ANA)

Simitis, one of the two main speakers at Friday's session, spoke on ''the future of democratic socialism'', attended by senior officials of the socialist parties of Europe.

Simitis said that the political endeavor of enlightenment had yet to be completed, and ''only a modern democratic socialism...that will not abandon the vision of changing the world...can complete it''.

He said that the fundamental principles and ideals of the Socialists remained unaltered, and listed them as autonomy, solidarity, social justice and democracy, and equality not only inside the countries but also among the states of the entire world.

Referring to the stance of the social-democratic world in the age of globalization, Simitis adopted the phrase ''think globally, act locally'', stressing that this could be done by all at national level.

He said that the discussion on social-democracy was inalienably linked with the discussion already taking place on the future of Europe.

European social-democracy, he said, was the force that ensure a hopeful future, as it was a force of cohesion for European integration, and added that the European Socialist Party had a unique opportunity to contribute to making the EU bigger, better and stronger.

On the on-going discussion on the future of Europe, Simitis pinpointed the targets of European Socialdemocracy as: offering the Union a Constitution as the foundation for building the decentralized (federal) European democracy of the Europe of the citizens, the creation of a "European space of equal opportunities for all the citizens" regardless of ethnicity, etc, and rendering the EU institutions more democratic and efficient.

Simitis said that there needed to be a "European government coming from the citizens and addressed to the citizens", with governance of the EU founded on the Community model of unification and the principle of equality of all the member states, regardless of their size.

He said that the imminent EU enlargement provided a unique opportunity to make the Union strong and for it to develop into a legitimate centre of authority internationally. He also endorsed the strengthening of common foreign and defense policy and security policy, and evolving the Union progressively into a system of collective solidarity.

On the EU’s role in the age of globalization, Simitis said it was the duty of the socialist to turn globalization into a just process of sustainable development, adding that what was sought was not full-out antithesis to globalization but neither acceptance of the neoliberal version.

Simitis said that the justified sensitivities and demands of the anti-globalization movements should be taken seriously in mind, but there should also be a serious effort to convince the members of these movements to change their goals.

At the same time, he said, it must be ensured that the undesirable and hazardous repercussions of globalization will be averted for the present and future generations.

Simitis further said that a new comprehensive system of global governance was necessary, one that reflected the social democratic values and reality of the global village.

To solve the problems of globalization, the democratic revision of the existing institutions and the creation of new ones were necessary. This, he added, would help "humanize" globalization, establish a new realistic society of the citizens, and ensure the proper governance of the developing countries to halt the vicious cycle of poverty and underdevelopment.

He said the mission of the socialists was to become the harbingers of a new world with vision and meaning, of a realistic utopia and world of lasting peace.

[08] Simitis meets Swedish PM on the sidelines of the PES Council

WARSAW 16/11/2002 (ANA - V. Mourtis)

Persson said that the setting a limit had been the right decision but that it required alterations.

In their talks, Simitis and Persson also discussed EU enlargement and the implementation of the Lisbon Summit decisions.

Fielding questions after the PES Council regarding his references linking the September 11 terror attacks with globalization, the Greek premier noted that the phenomenon of terrorism was not independent of economic and social factors.

In his speech, he had also stressed that world security would be impossible without a program for global equality.

Further clarifying this statement, Simitis noted that terrorist actions had to be seen in the context of the inequalities that existed in the world and the fact that some groups of people felt poor and marginalized, which drove them to behave differently.

He called for policies that would prevent this situation and predicted that terrorist hits like those of September 11 would only increase if the inequalities remained.

Summarizing the conclusions of the Warsaw council, meanwhile, Simitis said that European socialism was at a crossroads but the problem was not its principles but their implementation in a world that was constantly changing. He called for international solutions to problems such as that of employment, and called for mechanisms that would control the impact and results of globalization.

Simitis also reported that the meeting had mainly responded positively regarding Turkey's accession to the EU, an issue raised by Turkey's Republican Popular Party leader Deniz Baykal.

[09] Energy commissioner Loyola de Palacio holds talks with FM Papandreou

Athens, 16/11/2002 (ANA)

De Palacio, who holds the energy and transports portfolio, arrived in Athens on Thursday for the 1st Ministerial Meeting of the Southeastern Europe Regional Electricity Market, a conference supported by the European Commission, and the signing of a memorandum of understanding on energy issues.

Replying after the meeting to press questions on how acute it would be for the EU if only the free part of Cyprus joined, de Palacio said that the important thing was that Cyprus was joining the EU, adding that the Union desired all of Cyprus in the EU.

Saying she did not wish to predetermine the decisions anticipated at the Copenhagen summit -- slated for December 12 -- on which candidate members would be invited to join the EU, de Palacio added nevertheless that Cyprus would join the Union in 2004, precisely as had been already stated by the Councils in Brussels.

Replying to the same question, Papandreou said that Cyprus was entering "a very positive road for its EU accession course". He said that "we are looking forward to" the December 12 summit, and expressed hope that a united Cyprus would join the EU, adding that "we are making efforts for that".

Noting that de Palacio would be going to Cyprus after her Athens visit, Papandreou said that they had discussed the Annan plan, "and I believe that we all have hope that a solution will be found, and indeed soon".

De Palacio further said that she and Papandreou had also discussed the issues to be dealt with by the Greek EU presidency and its expectations, adding that "now that Europe is enlarging, we must not forget the Mediterranean and Cyprus".

"There are strong foundations that give hope on the issue of Cyprus," she said.

The commissioner further said that a Balkan natural gas and electricity pact was due to be signed, concerning cooperation with the Balkan states.

De Palacio is advancing the establishment of energy networks, especially cooperation among Turkey, Greece and Italy in the energy sector, an issue also discussed in her meeting with Papandreou, as well as other matters to be pressed forward during the Greek presidency.

[10] Alternate FM meets Polish Deputy FM for EU affairs

Athens, 16/11/2002 (ANA)

They discussed EU enlargement in view of the EU summit in Copenhagen, the revision and funding of the EU's Common Agricultural Policy, EU institutional reforms and cooperation between Greece and Poland in view of the Greek EU presidency and Poland's EU accession.

[11] Greece to back economic development in Kaliningrad

Athens, 16/11/2002 (ANA)

In a report from Kaliningrad, Itar-Tass said that the ambassador, who visited the city this week to open a Greek consulate, cited as a priority of the Greek presidency the widening of cooperation with countries outside European enlargement.

He said that Russia would play a special role with Kaliningrad acting as a kind of test. The EU would decide on further steps in that direction on the basis of the outcome.

Greece believed that Russia should renew its role in connection with EU enlargement in order to ensure international stability and establish a balance of power in the region, the ambassador said.

[12] Cyprus plan dominates Parliament session honoring Polytechnic uprising

Athens, 16/11/2002 (ANA)

In speaking during a special Parliament session to commemorate the students’ uprising, both Parliament President Apostolos Kaklamanis, Coalition of the Left (Synaspismos) President Nikos Constantopoulos and other parties’ representatives all touched on the need for any Cyprus solution to be tied to international law and UN resolutions.

“Greeks’ goal is for Cyprus’ accession into the European Union, in parallel but not necessarily at the same time with a solution for Cyprus’ political problem,” Kaklamanis said.

Minister of state Stefanos Manikas, representing the government, said the Cyprus issue is a particularly crucial point.

“We have to defend, on the one hand, the certainty of an EU accession, and on the other, the historical responsibility to defend the prospects of a viable solution within the framework of international law, UN resolutions and Europe’s acquis communautaire,” he added.

Ruling PASOK speaker Floros Konstantinou said that the so-called “Cyprus file” has rightly been opened for those responsible for this “national tragedy”, while he also noted that it’s now time to hold those foreign officials who led to Cyprus’ occupation accountable, mentioning, in fact, the name of former US secretary of state Henry Kissinger.

Main opposition New Democracy speaker Prokopis Pavlopoulos stressed that the Polytechnic uprising marked the beginning of the end of the dictatorship, something that meant the return of democracy to Greece but to invasion and occupation for Cyprus.

He also cited what he called the international community’s “cynicism” in failing to apply international law, something he said should not be forgotten.

Communist Party of Greece (KKE) rapporteur Antonis Skyllakos began his address by citing what he referred to as the US side’s role in the dictatorship and the 1974 coup on Cyprus, underlining that the intervention on the island republic is a “crude blackmail.” He also said the current peace plan for Cyprus is unacceptable and dangerous.

Synaspismos leader Constantopoulos said the international community owes the island republic a just and viable solution to its 28-year division as well as unhindered EU accession.

“We don’t want things to remain as is, because that means a perpetuation of the invasion and occupation of division; nor for Cyprus to remain out of international organizations, because this means a worsening of current conditions,” he said.

The Parliament session ended with the observance of a moment of silence for the victims of the Polytechnic uprising.

Out-of-Parliament Democratic Social Movement (DHKKI) party leader Dimitris Tsovolas also commented Friday on the occasion of the Polytechnic commemoration, with statements referring to the Annan peace plan as well.

“Today, Hellenism is threatened with a further shrinking, as the unacceptable Annan plan not only legalizes the occupation of northern Cyprus, but also mortgages the rest of the free areas; what’s needed is a new patriotic uprising of all Greeks, no matter where they belong to, for the defense of national sovereign rights.”

In a related development, events in the northern port city of Thessaloniki will begin with a gathering at the main Aristotelous square for a protest march past the US consulate in the city and ending at the local university’s polytechnic.

[13] Parties issue messages on Polytechnic uprising anniversary

Athens, 16/11/2002 (ANA)

The message by the ruling PASOK party said the future of Greece can now be viewed with greater optimism, while the country is giving a successful struggle on the international scene for national independence, growth and social cohesion.

It also referred to developments on the Cyprus issue, stressing that now a solution to the problem has been raised, PASOK steadfastly proclaims its longstanding position for a unified, independent and democratic Cyprus, which will be a European Union member with new prospects of progress and prosperity for all the citizens of Cyprus.

A similar message by the main opposition New Democracy party's leader Costas Karamanlis said the struggle of Greece in the 21st century is against poverty and unemployment, regional and social inequalities, decline and a compromise with misery.

He said ''the truth is that Greece in 2002 is still very distant from the visions of the Greeks. The truth is we deserve and can do better'', and pointed out that the struggle for just national causes and the quality of life, the struggle for Greece which is desired and can be achieved is the affair of all.

'Nov. 17' holiday celebrations begin under heavy security: Celebrations to mark the anniversary of the November 17, 1973 student uprising against the military junta that ruled Greece in 1967-1974 began outside the Athens Polytechnic on Friday under extremely heavy security.

Among those who laid flowers on the monument for those killed when the dictatorship sent in armed troops and tanks to quell the student protest were representatives of the General Confederation of Workers of Greece (GSEE), the civil servants' union ADEDY and the president of the federation of secondary school teachers OLME.

Representing main opposition New Democracy was the party's secretary Vangelis Meimarakis.

Polytechnic vice-rector Andreas Andreopoulos, who is in charge of the celebrations, warned during his message for the holiday that the celebrations would be immediately called to a halt if things got out of hand or if any criminal offences were committed.

The polytechnic grounds would be guarded on a 24-hour basis by rotating teams of students and staff, he said, while the gates would be open between 9:00 and 21:00.

He also announced that the polytechnic's senate would be in constant session until Monday morning and that the schools in the centre of Athens would remain closed and closely guarded.

Five thousands police officers would be deployed to keep order during this year's celebrations as opposed to 3,000 the previous year, he added.

The official celebrations will peak on Sunday afternoon at about 14:30, when the gates of the polytechnic will be shut, while a few minutes later the traditional march to the United States Embassy will begin.

[14] Citizens in the 10 EU candidates positive toward accession

BRUSSELS 16/11/2002 (ANA - G. Zitouniati)

The poll was conducted throughout the 10 candidate member states, with the participation of 12,000 citizens over the age of 15, and showed that 61 per cent were in favor of the entry of the 10 new members.

In fact, 52 per cent of those asked, considered the accession of those 10 new members positive, raising the percentage with that response by 2 points, compared to an opinion poll conducted a year ago.

Only 10 per cent responded that the accession of this first wave of countries will have a negative impact, a drastic decline of 20 points.

[15] Public order ministry tables bill transferring passport issue to police

Athens, 16/11/2002 (ANA)

Under the bill, passports are issued by a central police service created by president decree, except for diplomatic and service passports, temporary repatriation passports and emergency travel documents, which will continue to be issued by the foreign ministry.

The bill also expands the brief of the police force's Internal Affairs Department to include crimes carried out by border guards and special guards and cases of bribery or extortion in the wider public sector, with the exception of the coast guard, merchant marine ministry staff and the legal public-sector entities under its supervision.

In addition, the bill decrees that 10 per cent of all revenues earned by sports clubs, athletes' fees, sports companies from television broadcast rights and the equivalent revenues of sports organization that organize international competitions will be paid to the police force as compensation for the safe and smooth execution of the Games and security for sports grounds.

Also included in the bill are articles related to special guards and benefits for athletes that perform well in international meets, an official police holiday, security issues related to the Olympics and the provision of accreditation of those involved in the organization of the Olympics and Paralympics, expected to create a one-off expense of five million euros on the ATHOC budget, while it abolishes a fee paid to police officers for removing license plates from vehicles that do not display the special road tax sign.

[16] Portuguese president due in Athens in early December

Athens, 16/11/2002 (ANA)

[17] Christodoulakis presents Greek presidency's economic goals

Athens, 16/11/2002 (ANA)

The Greek minister said that the Greek presidency coincided with a "new economic and political reality of low growth rates and big political and economic dangers."

Addressing a seminar by the Greek Centre of European Research and Studies (EKEME) over the prospects of the Greek EU presidency, Mr Christodoulakis noted that achieving this goal it would need structural reforms to boost competitiveness, efficiency and economic cohesion.

He stressed that a Stability and Growth Pact was significant in this effort because of the need to maintain short- and medium-term economic stability and to ensure long-term prospects of growth and employment.

Mr Christodoulakis said that the Greek presidency would also aim to further promote targets set in the Lisbon summit, with focus on: - promoting business activity, simplifying corporate governance and supporting smaller enterprises, - developing European information technology, with increased spending in research and technology, - deepening a single European market with an agreement for full and functional deregulation of the energy market, promoting the venture capital industry and strengthening competition regulations, - promoting employment, social cohesion and environment protection.

[18] Main opposition accuses gov't of 'total failure' in agriculture

Athens, 16/11/2002 (ANA)

ND's leader also targeted his criticism at Prime Minister Costas Simitis in person, saying that the premier had remained ''silently neutral'' in EU meetings where crucial battles for a series of Greek agricultural products were fought and lost.

Karamanlis accused the ruling party of leaving farmers to ''fend for themselves'' even while claiming to be the farmers' party. He spoke about ''nightmarish'' and rising farmers' debts that were further augmented by ''brigandly interest rates from the Agricultural Bank'' and said the farming population was shrinking and ageing.

He also alleged that 'government modernists' had essentially given up on the farming sector in Greece and were allowing it to sink into a decline that mirrored the situation in other European countries. He blasted this attitude as a ''huge mistake'' for Greece and called for measures to support and modernize the farming sector.

In the absence of the prime minister, who is currently at a Party of European Socialists (PES) Council in Warsaw, the main opposition leader was answered by Agriculture Minister George Drys, who denied claims that farming incomes were steadily shrinking.

He accused ND of attempting to "capitalize on the results of the recent local government elections" - where ND had an easy win in traditional PASOK strongholds mainly due to disaffected farmers - and of misrepresenting his own statements to the media regarding farmers.

With respect to the EU, he stressed that EU subsidies to Greek farm products were nearly double the value of the country's contribution to overall EU farm production and that no other country with the exception of Ireland came anywhere near that percentage.

He also claimed that farmer incomes had increased by 46.9 per cent between 1993-2001, with an average annual increase of 5.15 per cent, while the delayed payment of subsidies was not the fault of the relevant government body but of those who failed to submit complete payment dossiers.

[19] Minister and EU commissioner discuss open European skies

Athens, 16/11/2002 (ANA)

No statements were made at the end of their talks but, according to reports, they discussed issues concerning the open European skies issue.

On this question, Verelis briefed Palacio of the frequent harassment of civil aviation aircraft by warplanes in the airspace of Greece and Turkey, which often leads to air traffic regulation infringements and violations of the two countries' airspace.

Palacio, who will arrive in Nicosia on Saturday, said she is aware of this and termed the situation tragic.

[20] Gov't tells EU that Olympic Airways' finances are recovering

Athens, 16/11/2002 (ANA)

During talks in Athens with EU transport and energy commissioner Loyola de Palacio, Verelis presented a report that showed Olympic's finances were continuously improving, the sources said.

The two officials made no statements after their meeting.

[21] Two bids in Athens 2004 Olympics home-lease tender

Athens, 16/11/2002 (ANA)

Bidding are Alpha Olympics Hospitality (Alpha Bank) and Greek Olympics Hospitality (EFG Eurobank Ergasias).

The bids will be evaluated next week. Both groups are likely to be awarded contracts, sources said.

[22] Capital Link company organizes economic forum in New York

NEW YORK 16/11/2002 (ANA - M. Georgiadou)

The forum was attended by senior officials of the Greek capital market, as well as the banking and shipping sectors.

The inauguration of the event was addressed by Greece's Ambassador to the United States George Savvaidis and the President of Link Capital Nikolaos Bornozos.

Savvaidis referred to progress achieved by the Greek economy, its participation in the eurozone and the holding of the Olympic Games and stressed a series of new economic challenges which can be beneficial for both Greece and the United States.

He further noted that this new economic environment offers unique opportunities for strengthening economic relations between Greece and the United States.

[23] Southeast Europe takes step to create regional electricity market

Athens, 16/11/2002 (ANA)

Signing a memorandum of understanding in Athens were ministers from Albania, Bosnia-Herzegovina, Bulgaria, Yugoslavia, Croatia, the Former Yugoslav Republic of Macedonia, and Romania; and representatives of the European Union.

According to the memorandum, countries taking part in the plan will undertake to modernize and develop their electricity networks and markets by 2005, following EU specifications.

Backing the scheme are the World Bank, European Investment Bank and banks in the US and other countries.

The market's first rotating president is Greek Development Minister, Akis Tsohatzopoulos.

[24] Greek current accounts deficit falls in September, yr/yr

Athens, 16/11/2002 (ANA)

This small improvement resulted mainly from the widening of the services surplus and, to a lesser extent, the rise in the transfers surplus. By contrast, the trade deficit grew and the income account deficit rose slightly.

The central bank, in its monthly report, said that the higher non-oil deficit reflected an increase in imports combined with a decrease in exports in September. Net payments for fuel imports practically remained at September 2001 levels. The rise in the services surplus came from the apparent increase in net receipts, mainly from travel services. It should however be noted that data on travel receipts and payments in 2002 are not fully comparable with those for previous years. The rise in the transfers surplus reflects a small increase in net receipts of both general government (from the EU) and other sectors in September. The income account deficit increased slightly.

In the January-September 2002 period, the current account deficit rose by 406 million euro, compared with that of the corresponding 2001 period, and came to 5,372 million euro. This development reflects mainly the lower transfers surplus, but also the widening of the trade deficit, which is related to the increase in both the non-oil deficit and net imports of fuel. The income account deficit rose a little. These developments were only partly offset by the rise in the services surplus.

The non-oil trade deficit grew by 392 million euro in the January September 2002 period, as a result of a considerable decrease (by 570 million euro) in export receipts. At the same time, however, the import bill also decreased (by 178 million euro). Net imports of fuel rose by 148 million euro. In the same period, the services surplus widened, as the increase in net travel receipts more than offset the decrease in net transport receipts.

The income account deficit increased mainly because of the rise in net payments for interest, dividends and profits. This development reflects lower interest rates and dividend yields in 2002, which resulted in a drop in receipts and – less so – in payments. Lastly, the narrowing of the transfers surplus is attributable to the fall in EU transfers, the increase in general government payments and the decrease in other sectors' net receipts.

Financial account balance: In September 2002, direct investment abroad by residents and in Greece by non-residents was very low, whereas there had been a substantial net inflow in September 2001. Under portfolio investment, there was a net inflow of 1,396 million euro, mainly reflecting inflows of non-residents' funds for the purchase of Greek bonds, as well as repatriation of residents' funds that had been invested abroad. ''Other investment'' showed net outflows of 405 million euro, because there was a reduction by residents of both assets and liabilities abroad.

In the January - September 2002 period, net outflows of 425 million euro were recorded under direct investment, mainly attributable to residents' investment abroad. In the same period, a substantial net inflow (of 9,736 million euro) was recorded under portfolio investment; this is connected with the considerable inflow of foreign investors' funds, mainly for the purchase of Greek government bonds and, to a lesser extent, for the purchase of shares. These developments more than offset the outflow of Greek investors' funds for the purchase of foreign bonds and shares. The shift of both foreign and Greek investors to the bond market reflects the uncertainly prevailing in international capital markets.

Under ''other'' investment, there was a net outflow of 1,305 million euro, because the increase of deposits and repos holdings abroad by residents and the net decrease in general government loans more than offset the increase of deposits in Greece by non-residents.

The country's reserve assets came to 8.9 billion euro.

[25] Greek weekly economic review

Athens, 16/11/2002 (ANA)

In other headline news this week, Economy and Finance Minister Nikos Christodoulakis said that next year's budget, to be submitted to parliament Tuesday, November 19, would aim at continuing the country's development course, agriculture growth, supporting small- and medium-sized enterprises and regional convergence. Mr Christodoulakis said that 2003 incomes policy would be based on inflation projections with the aim to strengthen Greek citizens' income and containing government spending.

Greece's regular budget revenues rose 8.2 percent in the first 10 months of 2002, compared with the same period last year, the finance ministry said. Value added tax revenues rose 11.7 percent, income tax revenues were 4.9 percent higher, while other budget revenues rose 13.3 percent. Securities transaction tax revenues dropped 46.1 percent over the same period. The National Statistics Service announced that the country's gross domestic product rose 3.4 percent in the third quarter of 2002, compared with the same period in 2001.

The European Commission made positive forecasts for the country's economic growth and unemployment, but warned over high inflation in Greece. In its autumn economic forecasts, the EU's executive said that the Greek economy would continue expanding this year, in 2003 and 2004, and that unemployment would fall further over the same period, but forecast that inflation would remain stubbornly high.

The Commission also reaffirmed that Greece would show fiscal deficits following adoption of stricter fiscal rules by Eurostat.

Transport and Communications Minister Christos Verelis reacted strongly to a decision by French company Sofipost, a subsidiary of French Port (LaPoste), to back down from its original bid to acquire a 10 percent equity stake in Hellenic Post (ELTA). Mr Verelis, in a letter sent to the French company, demanded explanations from Sofipost's new management team after the latter decided to lower its bid for the Greek company to 17.5 million euros. Sofipost won an international tender in May bidding 26 million euros.

National Statistics Service will conduct a first ever survey on vacant labor positions in the country both in the private and the wider public sector.

Greek consumers continued complaining over an increasing cost of living in the country, INKA said in the week. The country's largest consumer group said that Greek consumer filed a total of 108,000 complaints with the group, of which 48,000 accounted for increased consumer product prices in the first 10 months of 2002.

[26] Greek stocks jump 1.14 percent on Friday

Athens, 16/11/2002 (ANA)

The general index rose 1.14 percent to end at 1,830.54 points, with turnover an improved 97.56 million euros.

The Metals and Textiles sectors suffered losses (0.62 percent and 0.31 percent, respectively), while the Publication, Wholesale, Insurance and IT sectors scored the biggest percentage gains of the day (2.68 percent, 2.61 percent, 2.40 percent and 2.35 percent).

The FTSE/ASE 20 index for blue chip and heavy traded stocks jumped 1.17 percent higher, the FTSE/ASE MID 40 index ended 1.75 percent up and the FTSE/ASE SmallCap 80 index rose 1.82 percent.

Broadly, advancers led decliners by 282 to 46 with another 32 issues unchanged.

The general index ended the week with a net loss of 0.31 percent.

The most heavily traded stocks in value were Hellenic Telecommunications Organization, National Bank of Greece, Panafon, HBC Coca Cola, and Klonatex.

Derivatives Market Close: Turnover at 95.0 mln euros Friday

Equity Index Futures: