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Athens News Agency: Daily News Bulletin in English, 04-04-03

Athens News Agency: Daily News Bulletin in English Directory - Previous Article - Next Article

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

April 3, 2004

CONTENTS

  • [01] PM Karamanlis to ask President to call party leaders' meeting on Cyprus issue
  • [02] Strong US support for final Annan plan on Cyprus reiterated
  • [03] Bush refers to Cyprus during Greek Independence Day ceremony at White House
  • [04] Deputy FM says NATO enlargement seals end of an era
  • [05] Papandreou addresses PASOK National Council meeting, criticizes ND
  • [06] Archbishop Christodoulos and Coalition party leader discuss social issues
  • [07] Reactions to Istanbul Univ. rector's comments continues
  • [08] Construction sector to continue growing after Games, report
  • [09] New government sets bid for Expo 2008 as priority
  • [10] Hellas Flying Dolphins orders catamaran from Australian yard
  • [11] Cash lacking for Greek Balkan aid plan, government says
  • [12] Austria and Greece to cooperate on waste management issues
  • [13] PPC denies changes of monopoly in lignite mining
  • [14] Building activity rose in Jan-Nov 2003
  • [15] Greece announces 10-year bond re-issue
  • [16] Insurance companies say "no solvency problems" in the sector
  • [17] Retail sales value index up 6.7 pct in Jan, yr/yr
  • [18] Development ministry leadership to visit Thessaloniki
  • [19] EFG Eurobank Ergasias announces changes in top positions
  • [20] ADEX says turnover up 28 pct in March
  • [21] Athens Bourse Close: Stocks rise in high-cap buying
  • [22] Maradona expresses interest in holding Olympic Flame in Thessaloniki
  • [23] ATHOC, major sponsors confer over upcoming Games
  • [24] New gov't website for 2004 information, facts
  • [25] Olympic rower Lipa wishes to compete in Athens Games
  • [26] National Council to examine referendum issue
  • [27] Top UN envoy on Cyprus to brief Security Council
  • [28] EP urges Turkey to maintain constructive Cyprus attitude
  • [29] Blair welcomes developments in Cyprus
  • [30] Ahern commends UN for 'tireless efforts' in seeking Cyprus settlement

  • [01] PM Karamanlis to ask President to call party leaders' meeting on Cyprus issue

    Athens 3/4/2004 (ANA)

    Prime minister Costas Karamanlis on Friday told parliament that he intended to ask President of the Republic Costis Stephanopoulos to call a meeting of political party leaders, under the President's chairmanship, to discuss the Cyprus issue, particularly in view of separate referenda to be held later this month in the two Cypriot communities on UN secretary general Kofi Annan's final Cyprus plan.

    In an urgent, off-the-agenda discussion called by the premier to brief the 300-member unicameral parliament on the outcome of UN-led Cyprus talks in the Swiss town of Buergenstock, that ended Wednesday night without the two sides reaching agreement on the Annan plan, Karamanlis warned that ''in no instance is there room for danger-mongering'' and that ''outbursts and sentimentalities are of no benefit'', adding that ''constant effort, maturity and prudence are demanded by the circumstances''.

    He called on all the Greek people and all the political forces for ''national unanimity'' and to ''join forces''.

    Karamanlis reiterated that ''the final decision'' on the Annan plan belonged to the people of Cyprus.

    ''The Greek Cypriots and Turkish Cypriots, in separate referenda, will make their choice, with maturity, by weighing all the facts, and with foresightedness for the future,'' the premier said.

    As for the Greek government's position on the Annan draft solution for Cyprus, numbering some 10,000 pages, Karamanlis said that the government would assess all the factors involved, and would announce its decisions ''at the appropriate time''.

    Karamanlis further tabled, for the parliament minutes, the two texts submitted to the UN chief containing the Greek government's proposals on the security aspect and the compatibility of the Annan plan with the EU's acquis communautaire, as per the UN Secretary General's request to all the sides to submit their comments on his fourth (revised) plan. The premier explained that the Greek comments had been submitted to the UN chief in agreement with the Greek Cypriot side.

    As for Annan's ''final text'' (fifth plan) itself, Karamanlis said it was being assessed in detail by the appropriate services. This final text, which would be put to the referenda, was ''basically the initial text, with amendments, and it is obvious that it is a compromise text with positive and difficult points for all the sides,'' the premier explained.

    Karamanlis also described in detail the entire course of the deliberations on the Cyprus issue since New Democracy took over the government and up to the delivery of Anna's full plan to the political parties on Thursday morning, noting that the plan required ''detailed study, so that the citizens may bee informed precisely on the provisions of the plan'', and adding that he was at the disposal of the parties ''today and in the near future'' on the issue.

    The Greek prime minister further explained that he had responded in the affirmative to Annan's personal invitation for him to attend the final stage of the Buergenstock negotiations ''so as to contribute to achieving a solution'', but also ''because I consider it my firm obligation to devoutly adhere to my country's obligations emanating from the New York agreement''.

    Parliament-Cyprus developments-Party leaders: Main opposition PASOK party leader George Papandreou said Friday that his party would take a position on the fifth Annan plan ''with cool-headedness'', being fully aware that ''for the first time we are so close to a solution'', adding that ''in the framework of the EU, it is possible to expand the positive points of the plan''.

    Papandreou also announced his acceptance of Prime Minister Costas Karamanlis' call for a meeting of the political party leaders chaired by President Costis Stephanopoulos to discuss the latest Cyprus developments.

    The main opposition leader said he had no intention at this time to make any criticism on the government's handling of the Buergenstock negotiations, since ''it would be a mistake to create a climate of national defeatism...''. He did, however, point to his own contacts with the Irish presidency of the EU, with UN secretary general Kofi Annan, with EU enlargement commissioner Gunther Verheugen, EU High Representative for Security and Defense Policy Javier Solana, and Annan's special adviser on the Cyprus issue Alvaro de Soto, and defended the preceding PASOK governments' handlings, rejecting insinuations that the current Greek government had gone to Switzerland ''with its hands tied''.

    ''Turkey was dragged to the negotiations table. For the first time, we are so near to a solution. Faced with Turkey's feet-dragging policy, we managed to radically change the conditions within which the Cyprus issue was moving for so many years. We defended the strategy of internationalization of the problem and taking advantage of the prospect of Cyprus' EU accession. We took the Cyprus issue out of oblivion,'' Papandreou said.

    He said that the New York talks in February were the result of Cyprus president Tassos Papadopoulos' initiative towards the UN chief, forcing Turkish Cypriot leader Rauf Denktash and Turkey to negotiate in the framework of a binding timetable, and therefore ''it is a mistake for anyone to talk about 'tied hands'. It was our initiative, and there were and are margins for us to move within''.

    Equally mistaken, Papandreou continued, was the credo that ''Cyprus decides, Greece supports'', calling it a ''convenient, no-cost policy'' that did not meet Greece's obligations to Cyprus.

    ''Naturally we respect the view of independent Cyprus and the Cypriot people and Hellenism, but we, too, have an opinion. It is our duty, as a country, to analyze the Annan plan and formulate our own, Greek, position, within hiding behind convenient schemes,'' Papandreou continued.

    He said that PASOK would frankly express its view, without consideration of the political cost, and would calmly brief the Greek people without sentimentalities and purposeless patriotic slogans.

    ''Assessment of the Annan plan must not be a static and arithmetic one, but one based on the common interest of the Greek Cypriots and Turkish Cypriots,'' Papandreou said.

    Communist Party of Greece (KKE) leader Aleka Papariga, in turn, described the Annan plan as ''unjust and dangerous'', adding that ''it is of no significance whether it will be viable''.

    Papariga said that the Buergenstock process had not been anything new, but a procedure that sealed everything that had been taking place for many years, officially and unofficially.. She also said it did not constitute a ''negotiation'', adding that it was positive that the process had ended without a signature forthcoming from the Greek government and the Greek Cypriot parties.

    Also, it was contradictory that on the one hand sobriety and avoidance of frayed tempers was being advised, while on the other hand ''extortionist quandaries are being thrown in the Greek Cypriots' faces that either they accept the plan, otherwise there will be chaos, destruction, war and isolation awaiting them''.

    Regarding the positions of the two main parties of the country, she criticized prime minister Costas Karamanlis of finding himself in the face of ''faits accomplis'', noting that ''as the main opposition party (before it took over the government in March) it had the right to intervene''.

    She also criticized current main opposition PASOK party leader George Papandreou, claiming that ''during the PASOK term in office we were on the verge of finding a solution'', but the ''situation went awry'' with the Buergenstock procedure.

    Papariga further said that regardless of the result of the referendum, the KKE would remain at the side of the Greek Cypriots and Turkish Cypriots ''because Cyprus is a strategic island for the plans in the Middle East that have not been realized, and any positive or negative development would have immediate consequences for Greece and the wider region''.

    Coalition of the Radical Left (SYN) leader Nikos Constantopoulos advised ''cool-headed study of the pros and cons'' of the final Annan plan, noting that ''SYN will have an opinion, taking also into consideration the positions of the Cypriot Left'', and adding that it was in favor of a ''functional, viable and just solution''.

    He advised that what should be examined was whether the Annan plan was a ''springboard for improvements, or for snags''.

    Constantopoulos said that the New York agreement had been a ''mistaken handling aimed at the Greek side not being credited with the weight of a prospective negative stance, with a wrong assessment of Denktash's stance (Turkish prime minister) Erdogan's decisions regarding Turkeys accession to the EU''.

    Taking the podium again after the opposition party leaders, Karamanlis stressed that "the Cypriots have the first say", since it was they who were "called on to live with the new reality", commenting on Papandreou's criticism as to whether Greece should be supportive or a protagonist. "We neither want, nor can, impose views on them", he said, adding that Athens supported, actively participated, and undertook initiatives after conferring with Nicosia.

    Karamanlis expressed his satisfaction with the level of the parliamentary discussion and the "lack of easy slogans", adding that although he welcomed criticism, "this should not occur during the critical stage of negotiations, nor when a prime is abroad".

    He also reiterated his intention of meeting the demand for mutual briefing with the party leaders, adding that it would be correct to convene the Foreign Policy Council and that it was correct to satisfy the need for constant information and dialogue in parliament.

    [02] Strong US support for final Annan plan on Cyprus reiterated

    Washington 3/4/2004 (ANA/T. Ellis)

    The US's strong support of the final plan by UN secretary general Kofi Annan for a Cyprus settlement was reiterated Thursday by US state department deputy spokesman Adam Ereli, who added that it was now ''up to the voters in Cyprus to decide on their future'' when the plan was put to simultaneous referenda to the Greek Cypriot and Turkish Cypriot communities on April 24.

    Meanwhile, White House spokesman Scott McClellan echoed reports from the previous day, namely, that US President George W. Bush discussed the Cyprus issue and the final peace plan with UN chief Kofi Annan and with the Greek and Turkish prime ministers, Costas Karamanlis and Recep Tayyip Erdogan, respectively.

    According to the White House spokesman, both premiers agreed that the Annan plan presents a compromise whereby neither side received everything it wanted, while ensuring though, the primary interests of all sides.

    State Department : On his part, Ereli added that on April 24, ''the people of Cyprus will have a historic opportunity to determine what their future is'', adding that US secretary of state Colin Powell had expressed the opinion on Tuesday that the Cypriot people ''will make that decision with the future of all Cypriots in mind''.

    ''We believe that the (UN) Secretary General's final settlement plan is a fair compromise, one that meets the core interest of all Cypriots and provides them a secure framework for a common future,'' Ereli said.

    ''It's important, I think, that the Cypriot voters know that the United States is committed to supporting the full implementation of the Secretary General's settlement plan. Specifically, we will participate in and make substantial contributions to the pre-donors conference, which is being organized by the European Commission. And we will certainly be helpful in other respects as well,'' he added.

    Questioned on the Greek Cypriot and Turkish Cypriot leaders' refusal to sign the Annan plan on-the-spot in the Swiss town of Buergenstock, where Anna-led negotiations failed to reach an agreed solution to the decades-long Cyprus problem, Ereli, nonetheless, insisted several times that ''the parties have agreed to accept the plan''.

    Following a deluge of observations by press correspondents that the two sides had not accepted the plan, Ereli explained that ''the parties to this process have agreed to accept this plan for referenda, for the people of Cyprus...And that is what the people of Cyprus are going to vote on April 24th''.

    Consequently, Ereli said, the US position was ''let the people of Cyprus decide, and that it is a historic opportunity and it is, as the (UN) Secretary General said, something that provides them real security''.

    ''I think what's important to underscore here is that this is a good settlement and one that obviously involves compromise, but offers the best deal for both sides and is something that should be supported, and it offers a solution to a problem that has bedeviled the international community for decades,'' Ereli continued.

    The US, he added, ''will be working with the Secretary General and others to encourage support for this plan, but obviously it's up to the people of Cyprus''.

    To another question, Ereli replied that ''we will continue to make it clear to the leaders of the Greek and Cypriot -- the Greek and Turkish community of Cyprus our firm belief that this plan is in their best interests''.

    Asked what the US intended to do now, Ereli said: ''I really can't give you a concrete list of items that we are going to start doing between now and April 24th to see that this is passed. This is a referendum that the people are going to decide. We're going to continue our efforts with the parties, through Ambassador Weston, through the Secretary.''

    ''We'll continue our active diplomacy in support of a unified Cyprus, which can enter the European Union as a single entity on May 1st. That effort will continue,'' he explained.

    ''As I said at the beginning, ultimately, it's up to the Cypriot people to decide what they want and how their future is going to look like -- say what their future is going to look like. We can reiterate our view that a united Cyprus based on the Secretary General's plan is a more peaceful, more prosperous, more secure vision of the future than the divisiveness and conflict and rancor of the past. And that's what we'll do,'' Ereli continued.

    ''Our view is that this is a choice between the Secretary General's settlement plan and no plan at all, and that we believe that the choice is clear and we support the Secretary General's plan,'' the spokesman said.

    [03] Bush refers to Cyprus during Greek Independence Day ceremony at White House

    WASHINGTON 3/4/2004 (ANA - T. Ellis)

    US President George W. Bush honored Greek Independence Day at a special White House ceremony this past week in the presence of Deputy Foreign Minister Panayiotis Skandalakis, the ambassadors of Greece and Cyprus, Archbishop of America Demetrius and representatives of expatriate organizations in the United States.

    Bush referred to the strong bonds that comprise Greek-US friendship, the upcoming visit here of Prime Minister Costas Karamanlis, the Cyprus issue as well as Olympic Games of Athens and the Greek-American community's contributions.

    He met separately before the ceremony with Skandalakis, with the latter saying that Cyprus came up repeatedly in the talks.

    Moreover, the Greek Deputy FM reiterated that the US President noted that Washington wants to stand by and aid in the solution to the problem, without imposing a solution of its own. Skandalakis also mentioned that Bush said that it was up to the people of Cyprus decide what is in their best interests.

    [04] Deputy FM says NATO enlargement seals end of an era

    BRUSSELS 3/4/2004 (ANA - G. Zitouniati)

    Deputy Foreign Minister Yiannis Valinakis, speaking at the informal meeting of the NATO alliance's foreign ministers here on Friday, said ''the enlargement of the alliance seals the end of an era, the end of divided Europe and a new starting point.''

    Valinakis further said ''Greece welcomes seven new members in NATO today (Bulgaria, Romania, Slovakia, Slovenia, Estonia, Latvia and Lithuania), two of which are from our neighborhood (Bulgaria and Romania).''

    NATO's foreign ministers examined a series of additional measures against terrorism which will be finalized at the impending session in Istanbul, Turkey, in June, as well as upgrading cooperation with the European Union and other international organizations.

    The taking of all necessary measures to ensure safe Olympic Games in Athens this year was also decided, while US Secretary of State Colin Powell, speaking during a press conference, reassured that every effort will be made for NATO to respond to Greece's request for safe Olympic Games.

    Valinakis said a long discussion on the Balkans was held during the meeting and the prevailing view was that events in Kosovo did not take place by chance but were prepared and coordinated.

    NATO's ministers also reconfirmed their clear commitment not to accept political changes resulting from acts of violence and stated categorically that similar phenomena must not be repeated and that Serbia and Montenegro constitutes a ''key'' to developments in the region.

    Valinakis had bilateral contacts with foreign ministers on the sidelines of the session, including Turkish Foreign Minister Abdullah Gul, while Powell congratulated him on the assumption of his duties.

    [05] Papandreou addresses PASOK National Council meeting, criticizes ND

    Athens 3/4/2004 (ANA)

    Main opposition Panhellenic Socialist Movement (PASOK) leader George Papandreou launched a strong attack against ruling New Democracy (ND) party during the Movement's National Council meeting in Athens on Friday.

    Papandreou expressed his concern on the manner with which ''the new government stands towards the responsibility which it has undertaken,'' particularly with regard to the Cyprus issue and the Olympic Games.

    With regard the Cyprus problem, he said that the government maintained ''an embarrassing and almost neutral stance at the most critical and delicate moment of the final proposal and consequently of the negative developments on the Cyprus issue the day before yesterday.'' He added that this stance by the government ''is not the best omen'' on the national issue.

    Referring to the government's stance on the issue of the Olympic Games, he said that an attempt was being made ''for domestic consumption'' to place in doubt the preparations for the Games, underlining that through this manner, the government raised ''unjustifiable dangers'' about their holding and run down the country internationally.

    He further said ''the conservative party does not have an adequate national strategy for the objectives of Hellenism to be achieved.''

    Papandreou also accused the government of ''inadequacy'', saying that ''the first perplex measures it has taken'' will be reflected in the course of the economy and the country's development.

    The PASOK leader also said that ''we have a government which all the more, in order to cover up its weakness, will turn its sights backwards so as to allot responsibilities and rid itself of its obligations.''

    The PASOK National Council meeting will continue on Saturday.

    [06] Archbishop Christodoulos and Coalition party leader discuss social issues

    Athens 3/4/2004 (ANA)

    Archbishop of Athens and All Greece Christodoulos visited the offices of the Coalition of the Left, Movements and Ecology on Friday and discussed social issues with party leader Nikos Constantopoulos.

    ''We had the opportunity of having a wide dialogue while I was presenting the activities of our Church, particularly in the social sector, to Mr. president,'' Archbishop Christodoulos said afterwards.

    ''I also want to say that this initiative of mine aims at a constructive dialogue between the Church and this party because we believe, both they and us, that even contrary views which might be set out in the framework of such a dialogue, can prove to be constructive for all of us. And this is what we are seeking and hoping for,'' he added.

    ''The discussion was constructive. The issues preoccupying us were the major social deficits existing today in Greece in 2004, the exploding of social problems and the need for shaping a society of solidarity with policies which will support real cohesion, protection and social justice to enable humanity to exist and for a dignified living to be secured for all,'' Constantopoulos said on his part.

    ''It was a visit which, as I believe, paves the way for the possibility of having a sober dialogue and mutual respect for the views of both sides and of different approaches existing on known issues distinguishing between the state and the Church,'' Constantopoulos further said.

    [07] Reactions to Istanbul Univ. rector's comments continues

    Athens 3/4/2004 (ANA)

    Veteran Greek politician Leonidas Kyrkos on Friday charged that the controversial president of the University of Istanbul is unworthy of the Ipekci award bestowed to individuals that promote Greek-Turkish rapprochement, more than a week after the latter said Turkey could conquer Greece and Cyprus, if necessary, with the lost of 135,000 men.

    The comments by the state-appointed rector of Turkey's largest university, Prof. Kemal Alemdaroglu, a past Ipekci recipient, raised eyebrows on both sides of the Aegean during a crucial period just prior to UN-sponsored talks in Switzerland on a solution to the long-standing Cyprus problem.

    "Mr. Alemdaroglu is a war-monger and a slanderer of the memory of Abdi Ipekci, a martyr for peace and Greek-Turkish friendship … We regret this university teacher's degradation, one who did not hesitate at hinting at the death of thousands of his compatriots as a sacrifice to his outrageous bravado," Kyrkos said in a statement representing the Ipekci awards secretariat.

    [08] Construction sector to continue growing after Games, report

    Athens 3/4/2004 (ANA)

    The construction and tourism sectors are presenting significant growth prospects, a survey by the Institute for Economic and Industrial Research (IOBE) said on Friday.

    Presenting the report, IOBE's research director professor Theodore Palaskas said that the construction sector would continue expanding after the Olympic Games, although with slower growth rates, despite forecasts of a recession in the sector after the Games.

    A Global Insight report showed that the domestic construction market would rise by 5.9 percent annually by 2012, totalling 37.4 billion US dollars, from 21 billion dollars in 2002. Demand for real estate is projected to rise by an annual 6.4 percent rate over the same period to 12.8 billion dollars in 2012 from 6.9 billion dollars in 2002. The report attributed the forecast for higher growth of demand to low mortgage rates and a traditional trend by Greeks to invest in real estate assets.

    The tourism sector is also forecast to grow in the future, Mr Palaskas said. The IOBE report said that tourism accounted for 16.7 percent of Greek GDP in 2001 and employed 19.7 percent of total workforce, while tourist foreign exchange revenues accounted for 56 percent of the country's foreign exchange revenues. The report, however, stressed that advertising spending was only 18.7 percent of total national tourism organization's budget in Greece, compared with 35.7 percent in Italy and 83.7 percent in Portugal.

    [09] New government sets bid for Expo 2008 as priority

    Athens 3/4/2004 (ANA)

    Deputy Foreign Minister Euripides Stylianidis said on Friday that the new government had set a priority on advancing Thessaloniki's bid to host the Expo 2008 international trade fair.

    ''Thessaloniki's bid to host Expo 2008 is a national priority, of equal importance to the Olympic Games in Athens,'' Stylianidis, who is responsible for the country's economic diplomacy, told a news conference in the northern port city.

    Delays had been noted in connection with the bid, and action would be taken immediately, he added.

    Later in the day, ministers met in Thessaloniki to decide on a plan of action.

    Macedonia-Thrace Minister Nikos Tsiartsionis told a news conference that the government would coordinate moves within the country and exercise effective economic diplomacy abroad.

    ''As the timescale is stifling, we all have to keep our focus on this major national goal. Succeeding in our goal would give new impetus for growth to Thessaloniki, and, in turn, for the whole of northern Greece,'' the minister said.

    The first major event was on April 18 when senior officials of the Bureau of International Exhibitions would visit Greece to examine Thessaloniki's bid, Tsiartsionis added.

    Among government officials taking part in the meeting were Stylianidis, Agricultural Development and Foodstuffs Minister Savvas Tsitouridis, and Deputy Finance Minister Christos Folias.

    [10] Hellas Flying Dolphins orders catamaran from Australian yard

    Athens 3/4/2004 (ANA)

    Hellas Flying Dolphins said on Friday that it had ordered a high speed catamaran passenger and car ferry from the Austal shipbuilding yard in Australia.

    The Highspeed 5 will be a new additional to a series of four vessels built by Austal, Hellas said in a statement.

    Delivery is expected in May 2005 for use on Cycladic island routes from early June of that year, the statement added.

    [11] Cash lacking for Greek Balkan aid plan, government says

    Athens 3/4/2004 (ANA)

    Deputy Foreign Minister Euripides Stylianidis said on Friday that funds were lacking for the country's Balkan reconstruction plan, which was created by the previous government.

    ''The commitments that the country has undertaken under the Greek economic reconstruction plan for the Balkans are great, but there is no money,'' Stylianidis, whose portfolio includes economic diplomacy, told a news conference in Thessaloniki.

    ''Nevertheless, the government will make every effort to allow Greece to faithfully meet the commitments it has undertaken. The previous government failed to choose a co-financing arrangement for the plan's projects,'' he said.

    Stylianidis said that co-financing was one of several funding options the foreign ministry would seek, working with the other ministries involved.

    Little funding had been released so far, except in private sector investments, which had shown a satisfactory rate, he noted.

    [12] Austria and Greece to cooperate on waste management issues

    VIENNA 3/4/2004 (ANA/D.Dimitrakoudis)

    Isabella Kossina, Executive City Councilor for the Environment of the Municipality of Vienna, Austria, heading a 10-member Austrian delegation, will participate in the second Greek-Austrian Environmental Symposium to be held in Athens on Tuesday, April 6.

    Kossina will refer to Vienna's long tradition, excellent track record and advanced technology the city's municipality possesses in waste management as well as to the potential for cooperation between the two countries based on existing Greek-Austrian programs.

    Vienna's waste management facilities are considered the most advanced in Europe and are able to manage waste without burdening the environment. The facility has been operating since the early 1960s.

    Seventy experts from Austria and Greece will be attending the Symposium organized by the Municipality of Vienna, the South East Europe Media Organization (SEEMO)in cooperation with the Greek financial newspaper Express and the Austrian publishing company Boehmann.

    [13] PPC denies changes of monopoly in lignite mining

    Athens 3/4/2004 (ANA)

    Greece's Public Power Corporation, the state-owned and listed electricity grid, on Friday denied charges of a monopoly in lignite mining rights in the country, saying it has rights for 63 percent of soft brown coal reserves.

    PPC said, in a statement, that it has not yet received any warning letter from the European Commission and presented a relative exchange of information between Greece's development ministry and Commission's agencies to support its case.

    The Commission on Tuesday gave Greece two months to justify or end the exclusive rights status offered to PPC for the mining of lignite, which is used to product electricity in the country.

    "Lignite mined at PPC's mines has no state support or any other form of subsidy," PPC said in a statement

    [14] Building activity rose in Jan-Nov 2003

    Athens 3/4/2004 (ANA)

    Building activity rose by 0.2 percent (in license numbers) and by 4.8 percent in volume in the January-November period last year compared with the same period in 2002, the National Statistics Service said on Friday.

    NSS said that the Crete, Southern Aegean and North Aegean regions recorded the biggest increase in license numbers over that period (7.8 pct, 6.8 pct and 3.3 pct, respectively).

    Building activity fell 15.4 percent in November compared with the same month in 2002.

    [15] Greece announces 10-year bond re-issue

    Athens 3/4/2004 (ANA)

    The Greek government on Friday announced a re-issue of a 10-year bond, paying a fixed interest rate of 4.5 percent and with a maturity date of May 20 2014.

    The re-issue tender will be held on Tuesday, 6 April, and will include all primary bond dealers and private investors. The latter will be offered a tax-free return on the precondition that they will hold the bonds until their maturity.

    [16] Insurance companies say "no solvency problems" in the sector

    Athens 3/4/2004 (ANA)

    There is no plan to revoke the operating licenses in any insurance company in the country, Development Deputy Minister Yiannis Papathanasiou said on Friday during a meeting with the board of the Union of Insurance Companies.

    Speaking to reporters, after the meeting, Doukas Palaeologos, secretary-general of the Union, stressed those Greek consumers should not be worried since the ministry has issued solvency certificates for all insurance companies operating in the country.

    Union officials noted that the industry was adopting policy increases in the car and health categories, while life insurance programs have remained stable.

    Mr Papathanasiou earlier visited the Athens meat market in Rendi and pledged for an immediate start of works to upgrade facilities in the area.

    [17] Retail sales value index up 6.7 pct in Jan, yr/yr

    Athens 3/4/2004 (ANA)

    The Greek retail sales value index rose 6.7 percent in January compared with the same month last year, the National Statistics Service said on Friday.

    NSS, in its monthly report, attributed the rise to a 12.2 percent increase in super markets, an 11.3 percent rise in food-tobacco shops, an 11.3 percent increase in pharmaceutical and cosmetics shops and a 9.8 percent rise in department stores in the month.

    The value of retail sales also rose in bookstores (4.9 percent) and furniture, electric appliances stores (3.7 percent).

    [18] Development ministry leadership to visit Thessaloniki

    Athens 3/4/2004 (ANA)

    Development Minister Dimitris Sioufas and Deputy Ministers George Salagoudis and Yiannis Papathanasiou will visit Thessaloniki on Saturday for talks with representatives of the city's business community.

    The government ministers have planned meetings with Thessaloniki Prefect Panayiotis Psomiadis and the boards of Thessaloniki's Chambers of Commerce, Industry, Small- and Medium-sized enterprises and exporters.

    Development ministry's new leadership is promoting a policy of continuous dialogue with all interested parties with the aim to find the maximum consensus on problems facing commerce and industry.

    The ministry also seeks to support and upgrade activity in regional Greece.

    [19] EFG Eurobank Ergasias announces changes in top positions

    Athens 3/4/2004 (ANA)

    EFG Eurobank Ergasias on Friday announced changes in top positions in the group, with Victor Pizante, a former Eurobank general manager and a chief executive at EFG Telesis Finance, taking over as board consultant in Eurobank, responsible for the group's strategic issues and investment banking.

    Constantinos Vousvounis, a former executive at Bank of America in Athens and London, will take over as chief executive at EFG Telesis Finance as of May 3.

    [20] ADEX says turnover up 28 pct in March

    Athens 3/4/2004 (ANA)

    The average daily number of contracts traded in the Athens Derivatives Exchange (ADEX) rose by 28 percent in March compared with the previous month to 29,033 from 22,680 in February.

    ADEX, in its monthly report, said that the number of traded contracts totalled 1,277,426 in March from 861,776 in February, an increase of 48 percent.

    The total value of trading in ADEX rose 42 percent in March from the previous month, exceeding an 8.0 percent rise in the value of trading in the Athens Stock Exchange over the same period (the value of trading in stocks included in the FTSE/ASE 20 index and FTSE/ASE MID 40 index rose 12 percent).

    ADEX said that the number of new customer codes rose to 22,692 in March from 22,224 in the previous month, while active codes were 3,296 (or 14.5 percent of total), up from 2,808 in February.

    [21] Athens Bourse Close: Stocks rise in high-cap buying

    Athens 3/4/2004 (ANA)

    The Athens bourse finished higher on Friday, fuelled by buying in high capitalization stocks, traders said.

    The general share index gained 0.56 per cent to end at 2,372.77 points. Turnover was 102.5 million euros.

    The FTSE/ASE-20 index for blue chip and heavily traded stocks ended 0.57 per cent up; the FTSE/ASE-40 for medium capitalization paper 0.23 per cent higher; and the FTSE/ASE-80 for small cap equities gained 0.08 per cent.

    Of stocks traded, advances led declines at 147 to 140 with 72 issues remaining unchanged.

    Derivatives Market Close: Turnover at 91.9 mln euros

    Equity Index Futures:

  • FTSE/ASE-20 (high cap): At discount

  • Underlying Index: +0.57%

  • FTSE/ASE-40 (medium cap): At discount

  • Underlying Index: +0.23 percent

    Bond Market Close: Sellers outstrip buyers on Friday

    Greek Benchmark 10-Year Bond

  • Yield: 4.21 pct

  • Spread over German bund: 21 bps

  • Most heavily traded paper: 10-yr, expiring May 2014 (845 mln euros)

  • Day's Total Market Turnover: 3.1 bln euros

    FOREIGN EXCHANGE

    Closing rates of April 2 2004

    Parities in euro

    Banknotes

    For. Exchange Buying Selling

    US Dollar 1,241 1,213

    [22] Maradona expresses interest in holding Olympic Flame in Thessaloniki

    Athens 3/4/2004 (ANA)

    Argentine soccer great Diego Maradona was quoted by a local sports paper here on Thursday as expressing his desire to visit the northern port city of Thessaloniki - one of four "Olympic cities" that will host football preliminaries for the 2004 Games - in order to hold the Olympic flame there this August.

    "It would be a tremendous feeling for me to hold the Olympic Flame, for young children to see me ... for my daughter to see me holding the Flame while running at the Olympic Games. It would be an unforgettable feeling for me, and a great honor to come to Thessaloniki, to the stadiums where the Olympic matches will take place," the one-time superstar of international football was quoted as saying by the Thessaloniki-based "Metropolis" paper.

    [23] ATHOC, major sponsors confer over upcoming Games

    Athens 3/4/2004 (ANA)

    Athens 2004's sponsoring department along with IOC sponsors this week reiterated their commitment to support the 2004 Games with integrated and comprehensive plans and activities, following a 10-day circle of marketing partner reviews in the beginning of March.

    Such reviews typically take place 5-6 months prior to the Games and are aimed to have all parties agree upon key marketing concepts and align all major Games-time programs and activities with ATHOC's functional areas.

    The one-on-one meetings with each sponsor were attended by George Bolos, ATHOC's general manager for marketing and ticketing, Catherine-Anne Couch, sponsoring department manager as well as other executives. Representatives from other ATHOC functional areas such as accreditation and food services also attended the meetings when necessary.

    The IOC was represented by the IOC Marketing group in Greece, Switzerland and USA. Members from the Organizing Committees for future Olympic Games in Torino and Beijing also attended the meetings in the context of a 'Transfer of Knowledge' program.

    [24] New gov't website for 2004 information, facts

    Athens 3/4/2004 (ANA)

    The General Information Secretariat is expected to unveil its new website, "mediainfo2004 - Olympic Games: Services for mass media", ahead of the upcoming Olympic Games, a service aimed at foreign media professionals.

    The site will be available at www.mediainfo2004.gr

    Among others, the website will field accreditation requests from media professionals wishing to work out of the Zappeion Hall (downtown Athens) media center (open from May to September).

    The deadline for Zappeion accreditation applications is June 30.

    Additionally, various categories will offer news, information, listings and quotes related to the Athens Olympics.

    [25] Olympic rower Lipa wishes to compete in Athens Games

    Athens 3/4/2004 (ANA)

    Olympic rowing champion Elisabeta Lipa from Romania and the oldest oarswoman to become Olympic gold medalist (now 40 years old) wishes to compete in the 2004 Athens Games, after a two-year hiatus. If she does, it will be the sixth Olympic Games of her career.

    "I feel like I'm 19. Twenty years ago I could do 60 km. during training. Now I focus more on my technique and row 45 km," she said.

    The Romanian rower is also aiming past 2004: "I'm seriously considering going to Beijing in 2008."

    Lipa holds seven Olympic medals (5 gold, 1 silver, 1 bronze).

    [26] National Council to examine referendum issue

    NICOSIA 3/4/2004 (CNA/ANA)

    The National Council convenes on Saturday to examine the referendum issue, which will take place on April 24, according to the fifth version of the UN Secretary-General's plan for a comprehensive settlement to the Cyprus problem.

    An official statement on Friday said Cyprus President Tassos Papadopoulos will preside over the Council session which begins at 1000 local time(0700 GMT).

    The National Council will examine the necessary procedures that need to be taken for the April 24 referendum, the statement added.

    The all party Council is the top advisory body to the President on the handling of the Cyprus problem.

    The latest plan by Secretary General Kofi Annan was presented to the two sides in Cyprus in Switzerland on Wednesday. If endorsed in the separate referenda that will take place on the same day in the Greek Cypriot and Turkish Cypriot communities, it would allow a reunited Cyprus to join the European Union on May 1 this year.

    [27] Top UN envoy on Cyprus to brief Security Council

    UNITED NATIONS 3/4/2004 (CNA/ANA)

    UN Secretary-General's special adviser on Cyprus Alvaro de Soto was due to brief on Friday the Security Council about developments in the question of Cyprus.

    The briefing was scheduled for 2330 Cyprus time (2030 GMT) and comes after Secretary General Kofi Annan gave the Greek and Turkish Cypriot sides his final plan for a comprehensive settlement in Cyprus and asked them to put to separate simultaneous referenda on April 24.

    Marie Okabe, assistant spokesman of the Secretary General, referred to the events of Wednesday night in Burgenstock, Switzerland, saying that the Secretary-General met with the Greek Cypriot and Turkish Cypriot delegations, as well as with the prime ministers of Greece and Turkey and representatives of the United Kingdom and the European Union.

    ''Those six delegations were presented with copies of the final version of his plan for Cyprus, which runs to some nine thousand

    pages including annexes. The Secretary-General said that the Greek Cypriots and Turkish Cypriots will decide whether or not to accept the plan in separate referenda to be held on April the 24th,'' she added.

    Okabe noted that Annan told the leaders of the two communities that they had the responsibility to inform their people about the plan which, he said, provided Cyprus with a secure framework for a common future.

    He warned ''the choice is not between the settlement plan and some other magical mythical solution; in reality the choice is between this settlement plan and no settlement,'' Okabe said in her statements to the press.

    The Secretary-General, she said, urged the parties not to miss this opportunity while Alvaro de Soto told the press that ''the deed is done.''

    He said he believed that the plan had been considerably improved in recent days and that it would allow the separate constituent states to run their own affairs in safety and in dignity.

    [28] EP urges Turkey to maintain constructive Cyprus attitude

    STRASBOURG 3/4/2004 (CNA/ANA)

    The European Parliament adopted here Thursday a report on Turkey, noting a settlement of the Cyprus conflict remains an essential condition for progress regarding the country's application for accession to the EU.

    Adopted by 211 votes in favor, 84 against and 46 abstentions the report by MEP Arie Oostlander regarding Turkey's progress towards accession calls upon the Turkish authorities ''to maintain their constructive attitude to achieve a solution'' and urges the country to withdraw its troops from northern Cyprus.

    Noting that further reforms still need to be undertaken and rigorously implemented, in many areas, in Turkey the report also

    notes that ''in spite of the determination of its government, Turkey does not yet meet the Copenhagen political criteria whereas a clear framework for guaranteeing political, civil, economic, social and cultural rights has still not been established.''

    The rapporteur also underlines that ''more far-reaching efforts than reparation and amendments are needed to enhance the coherence between legal provisions and practice, which will underline the radical and fundamental character of Turkey's progress towards membership.''

    As regards to Cyprus the European Parliament supports that ''a just, viable and functional solution of the Cyprus question, based on the UN plan, is of essential importance to relations between the EU and Turkey and to Turkey's EU membership aspirations.''

    ''Such a solution must also satisfy the 'Balladur' principles applying to all current and future applicant countries for accession (no border problems, good relations with neighboring states, the safeguarding of minority rights),'' the report notes.

    The Europarliament calls upon Turkey to implement without delay outstanding decisions of the European Court of Human Rights pointing out that there is no room ''for a position of non-commitment and own interpretation''.

    It welcomes ''payment of just satisfaction in the long-running Loizidou case and calls on Turkey to implement without further delay the first (1996) ECHR judgment in the aforesaid case and restore the right of peaceful enjoyment of property to Mrs Loizidou and all other displaced persons within the framework of a viable solution.''

    Concluding it calls on the Government of the Republic of Cyprus, with a view to its imminent accession, ''to maintain their sincerity vis-a-vis the Annan plan (in accordance with the requirements under the Balladur initiative, which also apply to the Cypriot government) and to do their utmost to reach, before May 1, 2004, a settlement which is acceptable to both parties, on the basis of the proposals put forward by Secretary-General Kofi Annan.''

    [29] Blair welcomes developments in Cyprus

    LONDON 3/4/2004 (CNA/ANA)

    British Prime Minister Tony Blair has welcomed developments in Cyprus which as he said would allow a reunited Cyprus to join the European Union, pointing out that they offered great hope to the people on the island.

    Speaking at a press conference, Blair said this decision showed how EU membership could help resolve a decades old conflict.

    ''The first thing I'd like to say is just to give a wholehearted welcome to what is an historic decision taken in Switzerland for a reunited Cyprus to be able to come into the European Union. That is a huge tribute to the parties concerned,'' Blair said.

    ''It's an enormous beacon of hope to people in Cyprus, and I congratulate very much all those who have been involved, in particular Kofi Annan and his Special Representative who have done so much to bring it about,'' he added.

    Blair pointed out that the decision on Cyprus was ''a truly historic occasion and shows once again how the possibilities of European Union membership can make such a tremendous difference to the resolution of age-old conflicts.''

    Foreign Secretary Jack Straw, commenting on the Cyprus developments, has called on all concerned to seize the moment and bring an end to 30 years of division.

    He also said the time had come for the EU to ''make good on its commitment to accommodate the new Cyprus on its own terms and to ensure that the arrangements agreed between Cypriots themselves are safely endorsed at the European level.''

    Straw said a settlement in Cyprus would be a victory for all the people of the island and praised all sides for having worked tirelessly noting that ''even without full agreement a great deal of progress has been made.''

    The Foreign Secretary commended Kofi Annan and his special adviser Alvaro de Soto for their efforts to bring about a solution in Cyprus.

    He said the EU would be holding a high level donors conference on April 15 at which the donor community can signal its support for a Cyprus settlement.

    Kofi Annan gave the two sides in Cyprus, Greece and Turkey a 9,000 page long plan on a comprehensive settlement, saying this was ''a fair and balanced'' solution.

    The plan is to go to separate simultaneous referenda on the island on April 24.

    [30] Ahern commends UN for 'tireless efforts' in seeking Cyprus settlement

    NICOSIA 3/4/2004 (CNA/ANA)

    The President of the European Council, Irish Prime Minister Bertie Ahern, has commended UN Secretary-General Kofi Annan and colleagues for ''tireless efforts'' in seeking a Cyprus settlement and reiterated the EU's strong preference for the accession of a united Cyprus on May 1, 2004.

    Speaking at a public meeting in Dublin of the Forum on the Future of Europe, Ahern noted that the EU has indicated its readiness to accommodate the terms of a settlement in line with the principles on which the Union is founded.

    ''The European Union has all along expressed its strong preference that a united Cyprus enter the Union on May 1 and has indicated its readiness to accommodate the terms of a settlement in line with the principles on which the Union is founded,'' Ahern said.

    Concluding, he noted the decision on the Plan for a settlement that the UN Secretary-General presented to the parties ''now rests ultimately with the people of Cyprus, who are to vote in separate simultaneous referenda on April 24.''


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