Athens News Agency: News in English (AM), 97-08-12
NEWS IN ENGLISH
Athens, Greece, 12/08/1997 (ANA)
- UN-led Cyprus peace talks resume in Switzerland
- Contract signed for modernisation of Phantoms
- Feminist theologians to meet in Crete
- Athens '97 director counters charges by IAAF president
- Italian press praises Athens
- Otters reappear in Larisa arfter 35-year absence
- Alpha Credit Bank expects high profits
- Greek stocks finish 0.48 per cent down on profit-taking
- Completion of TVX Hellas investment called for
- Information on SMEs provided through Internet
- Foreign exchange
NEWS IN DETAIL
UN-led Cyprus peace talks resume in Switzerland
The United Nations (UN) will not enter an immediate discussion of the
fundamental aspects of the Cyprus problem at this round of talks, but
instead suggests an incremental process with a discussion of a revised UN
In statements prior to a working lunch that opened the second round of UN-
sponsored talks between Cyprus President Glafcos Clerides and Turkish
Cypriot leader Rauf Denktash, the UN Secretary General's special advisor
Diego Cordovez said he expects both leaders to cooperate for a settlement.
The Cyprus peace talks resumed yesterday with a working-lunch hosted by Mr.
Cordovez at the Hotel Righi Vaudois, in the mountain resort Glion-sur-Mon-
The first round was held in Troutbeck, New York, between July 9-12 and was
opened by UN Secretary General Kofi Annan.
Mr. Cordovez said the UN wants to change the procedure used in the talks so
far. "We are trying to institute a process that is different", he said,
noting that in the past the leaders came to the talks with the idea that
they would solve all the problems.
He also clarified that the non-paper which he handed to the two leaders
during the first round of discussions was not a settlement to the 23-year-
old Cyprus problem.
"The paper I gave them is not the solution. These are simply some
guidelines to be taken into account. The difference is we are having what I
call an incremental process. That is to say, they will meet from time to
time and each time take it from where they left it and proceed forward",
the UN official said.
Mr. Cordovez further said that the leaders would be able to choose the
aspects of the Cyprus problem they want to discuss each time they meet and
"try to bridge the differences between them and go on to the next
He added that through this process the leaders of the two communities will
not start their next meeting from zero, as in the past.
Asked what he would consider a success in this specific round of talks, Mr.
Cordovez replied he expects all "to continue to work with a sense that we
are involved in a process", noting "you cannot solve the Cyprus problem in
Defending the UN directive on a news blackout during the first and second
round of talks, he said the negotiations were a very "dynamic process",
which premature publicity could threaten by making it "rigid".
Contract signed for modernisation of Phantoms
The contract relating to the modernisation of 39 Hellenic Airforce F-4
Phantom jets by the German company DASA, in cooperation with the Hellenic
Aerospace Industry (EAB), was signed yesterday between the General Air
Force Staff, EAB, and the director of DASA's military department.
At the end of July, the Government Council for Foreign Affairs and Defence
(KYSEA) had officially awarded the 87 billion drachma tender to the German
DASA, whose bid was 8 billion drachmas lower than that of an American
EAB will undertake to modernise the Phantom jetsY skeleton at a cost of 5.5
billion drachmas, while DASA will upgrade their electronic components. The
average cost of modernisation per aircraft is estimated at $8 million
(compared with $11 million Turkey recentrly agreed).
In July, National Defence Minister Akis Tsohatzopoulos had described the
deal as very satisfactory, as it provided for a solution of a longstanding
Feminist theologians to meet in Crete
Women theologians from all over Europe will meet in Crete next week for the
7th international conference of the European Society of Women in Theological
Research (ESWTR) to discuss new approaches in feminist theology.
An ESWTR spokeswoman said more than 200 women theologians from almost all
European countries would be discussing the theme "Source and Resources of
Observers from Palestine, India, Tunisia and the United States as well as
50 delegates from eastern Europe, 30 Greek Orthodox and three Moslem
theologians would be attending the conference, to be held from August 17-21
at the Orthodox Academy at Kolymbari in Chania. One aspect of the
conference, according to the spokeswoman, "addresses the issue of the text
sources and traditions to which women theologians refer", while another
aspect "refers to the source of spiritual strength from which women draw
and which nourishes their commitment to a renewal in the way they speak of
the Divine and their quest for a just world", the spokeswoman added.
Keynote speakers include Old Testament scholar Silvia Schroer (Switzerland),
Kyriaki Karidojannis-Fitzgerald (Greece), Joan Martin (US), Letizia
Tommassone (Italy), and Ulrike Bechmann (Germany).
The ESWTR was set up in 1985 by eminent women theologians to address the
need for networking, support and international exchanges in women's
Athens `97 director counters charges by IAAF president
The General Director of the 'Athens 97' World Athletics Championships,
Vangelis Savramis, yesterday countered charges by International Amateur
Athletics Federation (IAAF) President Primo Nebiolo that the Championships
were a success only because the IAAF had "lent a hand".
"We carried this wonderful championship to a successful end alone, and
everyone who was involved in it one way or another knows this. The only
thing Mr. Nebiolo did was to continuously create problems for the
organisers. He created problems regarding th e seating, the protocol, who
was going to sit where," he said.
The IAAF president, who is also honourary president of Rome's Candidacy
Committee for the 2004 Olympic Games, for which Athens is also competing,
made a stinging attack against the Greek organisers in the course of a
television interview channel last night, describing them as "mediocrities".
Mr. Nebiolo, who was jeered by the crowd during the concluding ceremony of
the championships on Sunday night on account of critical comments regarding
low attendance on the opening day of the games, insinuated that the
attitude of the crowd had been part of an organised plan.
Greek Olympic Committee Chairman Lambis Nikolaou said Mr. Nebiolo's attack
against Greece would work in favour of the Athens 2004 candidacy given that
he is disliked by many among the members of the International Olympic
Italian press praises Athens
The press in Italy yesterday carried articles praising Athens for the
excellent work it had done in organising the Athens '97 6th World Athletics
Championships, placing emphasis on the final day and on an account of the
perfo rmance of the Italian team.
Italian newspapers focused on the champions, especially Sergei Bubka (pole
vault gold medalist, winning his 6th gold in Athens).
"There could really be no better promotion of the Greek capitalYs candidacy
for the 2004 Olympic Games than its organisation of the world championships,
which had only very few faults that were fixed", said a journalist of "La
Stampa" covering the champ ionhips in Athens.
IAAF president Primo Nebiolo in statements to the sports newspaper "La
Gazzeta Dello Sport" also referred to the perfect organisation of the
international meeting by Athens. "The organisation by Greece was of a very
high level and a great spectacular ev ent in terms of athletics. The
International Amateur Athletics Federation (IAAF) created a marvellous
event which propagates the Olympic ideals to the world", said Mr.
Otters reappear in Larissa after 35-year absence
Otters have reappeared in the vicinity of Larissa, Thessaly, after a 35-
year absence, signalling a revival in the area's ecosystem and surprising
biologists with a rare phenomenon.
The otters, water-going mammals, belong to a protected species in all
European countries whose population had been obliterated due to environmental
pollution and hunting for the use of their fur.
The otters disappeared from Thessaly following the draining of Lake Karla
in 1962-3, but have been sighted again in canals, irrigation channels and
reservoirs in the villages of Namata, Eleftheriou, Koumia, and Platykambos.
Their reappearance in the area shows that wetlands, where wild species nest,
are becoming revived, while the otter's main staple of fish has seen an
increase due to cleaner water and less pollution.
Alpha Credit Bank expects high profits
Alpha Credit Bank revenues are expected to climb to 60 billion drachmas for
1997, while turnover is expected to reach 203 billion drachmas, according
to a Hoare Govett report yesterday.
Hoare Govett is a subsidiary of ABN Amro bank.
According to the report, the turnover for 1998 will reach 243.14 billion
drachmas, while profits will come close to 74.27 billion drachmas.
The group's results are also expected to be very high for 1999, with
turnover forecast at 278.31 billion drachmas and profits to 85.94 billion
If the bank's management follows the same dividend policy, the report said,
shareholders' should expect to collect a 956 drachmas dividend for 1998 and
1,107 drachmas for 1999.
Greek stocks finish 0.48 per cent down on profit-taking
Equity prices ended moderately lower on the Athens Stock Exchange yesterday,
reversing a three-day rally. Investors preferred to cash in major gains
from previous days, and the absence of follow-through orders helped in the
reversal of the trend.
Trading was moderate and turnover was 13.2 billion drachmas.
The general index closed at 1,631.62 points, down 0.48 percent, with all
sector indices losing ground.
Banks fell 0.52 percent, Leasing was 1.20 percent off, Insurance eased 1.27
percent, Investment fell 0.36 percent, Construction dropped 2.63 percent,
Industrials were 0.36 percent off, Holding eased 0.59 percent and
Miscellaneous plunged 3.27 percent.
The parallel market for smaller companies bucked the trend to end 0.20
percent higher. Broadly, decliners led advancers by 133 to 68 with another
28 issues unchanged. Inform Lykos, Heliofin, European Trust and Tria Alpha
scored the bigger percentage g ains, while Halyps Cement, Keranis and
Elfico suffered the heaviest losses. Hellenic Telecommunications Organisation
(OTE) shares rose 50 drachmas to end at 6,495. National Bank of Greece
ended at 37,700 drachmas, Ergobank at 17,570, Alpha Credit Bank at 20,070,
Titan at 15,000 and Intracom at 13,360.
The rampant US dollar eased against the drachma in the domestic foreign
Completion of TVX Hellas investment called for
The Northern Greek Association of Industries (SBBE) called in a statement
yesterday for the immediate intervention of the government for the
completion of the investment by TVX Hellas, which has undertaken to exploit
the gold deposits in Halkidiki. SBBE considers that the investment is
"parti-cularly important for the development of Halkidiki and northern
Greece, more generally," adding that "the observance by all sides of the
commitments undertaken is a necessary condition for the unimpeded
implementati on of the biggest investment of the last few years in our
It opposes the "unilateral and illegal actions which endanger the
implementation of the investment."
"The two-year delay has resulted in significant losses for the company,
besides the fact that our country acquires a bad reputation in the
investment public abroad," the SBBE statement concludes.
Information on SMEs provided through Internet
Information on small and medium size enterprises (SMEs) and on the European
Union's research and development policy is provided through the Internet,
the latest issue of 'Eur-Op News' writes.
The addresses are as follows:
BC-Net (Network for finding possible clients): http://www2.echo.lu/echo/databases/en/bcnet.html
EudraNET (for the pharmaceuticals industry): http://www.eudra.org
Copdris (information about the European Union's research and development
I'am Europe (acces to many databases regarding EU issues) : http://www2.echo.lu/
Local cloudiness in most parts of the country today, with possible showers
and thurderstorms over the Ionian Sea, the mainland, and the northern
Aegean Sea in the afternoon. Winds northerly, light to moderate, becoming
strong in the southern Aegean. Athens will be partly cloudy with possible
rainstorm and temperatures from 20-31C. Same in Thessaloniki with and
temperatures between 19-28C.
Monday's closing rates - buying US dlr. 289.908
Pound sterling 461.711 Cyprus pd 531.401
French franc 46.307 Swiss franc 190.542
German mark 155.946 Italian lira (100) 15.984
Yen (100) 250.058 Canadian dlr. 208.054
Australian dlr. 213.572 Irish Punt 418.441
Belgian franc 7.550 Finnish mark 52.191
Dutch guilder 138.433 Danish kr. 40.947
Swedish kr. 36.353 Norwegian kr. 37.886
Austrian sch. 22.157 Spanish peseta 1.849
Port. Escudo 1.541