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Athens News Agency: News in English (PM), 99-08-27Athens News Agency: News in English Directory - Previous Article - Next ArticleFrom: The Athens News Agency at <http://www.ana.gr>NEWS IN ENGLISHAthens, Greece, 27/08/1999 (ANA)MAIN HEADLINES
NEWS IN DETAILEU presidency briefed on Greek initiative backing aid to TurkeyForeign Minister George Papandreou yesterday addressed a letter to his Finnish counterpart Tarja Halonen, informing her of a Greek initiative to press for Commission support to quake-stricken Turkey. Finland currently holds the six-month European Union rotating presidency. Earlier in the day, Mr. Papandreou briefed the Finnish minister over the Greek proposal, set to be presented at the Council of Foreign Ministers' meeting, scheduled for Sept. 4 in Finland. According to reports, Mr. Papandreou also contacted Turkish Foreign Minister Ismail Cem over the proposal. The same reports noted that Mr. Cem thanked Mr. Papandreou for Greece's help to date in confronting the Aug. 17 disaster. Gov't: No change in financial protocol veto The Greek government reiterated yesterday that its policy concerning the long-standing veto of a European Union financial protocol to Turkey had not changed. Athens insists that Ankara must first improve its human rights record and abandon its often aggressive stance towards Greece before it considers lifting its veto of the EU funds allocated to Turkey. Government spokesman Dimitris Reppas stressed, however, that Athens would help to ensure that the EU supports Turkey financially. He added that the country would also continue to contribute humanitarian aid, medical supplies and rescue teams to its quake-stricken neighbour. Greek navy chief in Turkey Hellenic Navy Chief of Staff Vice-Adm. Georgios Ioannidis was applauded in Ankara yesterday during a ceremony where he presented a commemorative plaque to his outgoing Turkish counterpart, Adm. Sa lim Dervisoglu. The Greek naval chief will remain in Turkey as an official guest until Aug. 29. More aid on way to Turkey Aegean Minister Stavros Benos yesterday announced that his ministry will coordinate efforts of local governments and non-gevernmental organisations of the Aegean archipelago in providing aid to Turkey. Finally, the regional administration of eastern Macedonia and Thrace has begun to collect aid for Turkey. According to officials, Turkish authorities have already contacted and provided a list of needs for the regional administration closest to Turkey. Greek-Albanian economic cooperation committee to convene in October A Greek-Albanian economic cooperation committee will convene in Athens in October, the national economy ministry announced yesterday. The announcement marks a further step in the improvement of bilateral relations following Prime Minister Costas Simitis' one-day visit to Tirana on Tuesday, during which two cooperation protocols were signed. The ministry said the convening of the economic cooperation committee had been agreed by both countries. Papazoi: 'Cultural Olympics' to be held in ancient Olympia Culture Minister Elisabeth Papazoi reiterated yesterday from Thessaloniki that ancient Olympia will host the "Cultural Olympics". Ms Papazoi, on a two-day visit in the northern Greek city, said the organisation of the first Cultural Olympics, as well as those to follow, will be undertaken by Greece with the support of UNESCO and the International Olympics Committee. She added that Culture Olympic offices will also be established in Thessaloniki. Finally, Ms Papazoi said progress has been made in the negotiations for the purchase of the Kostaki collection of Russian avant-garde art, which will be housed in the Thessaloniki Contemporary Art Museum. New Archbishop of America Dimitrios to be enthroned on Sept. 18 Newly elected Archbishop of America Dimitrios will be enthroned on Sept. 18 at a ceremony at the Patriarchate of Constantinople, located in the Fanar district of Istanbul. Former Archbishop Iakovos will officiate at the relevant event. Dimitrios stressed that he will attempt to instill a climate of cooperation, unity and peace among the Greek Orthodox faithful of America. Regarding his relationship with former Archbishop Spyridon, he termed it excellent. Farmer's honesty rewarded by grateful emigrant A retired farmer who found a wallet containing a small fortune at the side of the road on Friday was suitably rewarded by the grateful owner, a Greek emigrant to the United States. George Symeonidis, 73, from Trilofo, Pieria was travelling to Katerini with his 40-year-old son this morning when he noticed a small black object at the side of the road. The object turned out to be a leather wallet containing 12,360 US dollars, 200,000 drachmas, two gold chains, two gold rings and various personal documents. Symeonidis handed the wallet in to the police who contacted the owner, Theodoros Yiannasimidis, 61, a resident of Boston, USA who was staying at the village of Ano Aghios Ioannis, Pieria. Overcome by gratitude, Yiannasimidis warmly thanked Symeonidis and gave him 1,000 dollars as a reward. Symeonidis was unable to speak due to a recent throat operation to remove a polyp. When asked by reporters what went through his mind when he found the wallet, Symeonidis' wife, Maria, replied: "How can you spend such a fortune? Whoever lost it needed it. In any case, all his papers were in the wallet." Letters by Greek personalities discovered in Vienna A researcher here has discovered several previously unknown letters by Greek personalities dating back to the early 19th century, before the Greek War of Independence. During recent research in Johannes Wolfgang Goethe's collection of 2,000 letters and handwritten documents, Vienna University Prof. Polychronis Enepekidis discovered the letters written by several Greek scholars. The collection included letters by Adamantios Korai, Ioannis Kapodistrias, Andreas Mustoxidis and Ugo Foskolos; it also included Goethe's traslations of Greek folk songs into German. Athens Derivatives Exchange officially launched Greek capital markets made a big step towards maturity on Friday with the official launch of the Athens Derivatives Exchange (ADEX). The new futures and options market is initially aimed to big institutional investors and hopes to attract significant foreign capital. ADEX chairman, L. Alexakis, stressed that the new market would operate as a supplement to the main market and that it would contribute to upgrade Greek capital markets internationally. The first trading session of the derivatives market closed with a volume of 602 contracts, worth 3.4 billion drachmas slightly exceeding market makers' predictions for a value below three billion drachmas. September futures, the nearest month, accounted for three quarters of the volume with 444 contracts. October and December futures covered the rest with 148 and 10 contracts respectively. November, March and June did not trade. Analysts expect that traded contracts would exceed 5,000 by the time the ADEX was fully operational. Bourse ends historic week Equity prices ended the last trading session of a historic week with small gains unable to hold above the 5,200 record level. The general index ended 0.42 percent higher at 5,144.01 points reversing an early decline. Turnover was a massive 316.017 billion drachmas with 42,734,477 shares changing hands. Dealers said the market was trying to find new support levels before its next attempt to break into new record territory next week. The Bank sector underperformed the market to end 1.82 percent lower hit by profit taking. Other sector indices ended as follows: Leasing (+0.70 pct), Insurance (+0.36 pct), Investment (+1.29 pct), Construction (+7.27 pct), Industrials (+1.72 pct), Miscellaneous (+2.05 pct) and Holding (+3.04 pct). The parallel market index for smaller capitalisation stocks ended 3.90 percent higher while the FTSE/ASE 20 index for blue chip and heavy traded stocks ended 0.91 percent lower at 2,801.87 points. Broadly, advancers led decliners by 235 to 63 with another four issues unchanged. A total of 64 stocks ended at the day's 8.0 percent limit up. Egnatia Bank and Mytilineos were the most heavily traded stocks. Unisoft shares jumped 99 percent in the first day of trading on the parallel market. National Bank of Greece ended at 23,195 drachmas, Alpha Credit Bank at 23, 500, Commercial Bank at 29,650, Titan Cement at 34,500, Hellenic Petroleum at 3,130, Intracom at 25,620, Minoan Lines at 7,350, Panafon at 8,995 and Hellenic Telecoms at 6,575. Offer of tax-free bonds The finance ministry will offer a new issue of tax-free savings bonds through a public offering from Thursday, 2 until Monday, 6 September. The ministry has offered savings bonds worth more than one trillion drachmas since September 1998 when it first started issuing of this bond category mainly aimed at private investors. The finance ministry will auction a new issue of Treasury bills next Tuesday, 31 August. N. Greek business upbeat on euro zone entry, Balkan reconstruction Businesses in northern Greece are looking forward to the country's entry into the European Union's euro zone and believe that both the national and regional economy will aid Balkan reconstruction, a leading industrialist said yesterday. At the same time, businesses in the region feared that an extended pre- election period harboured the risk of a slowdown in economic progress, said Vassilis Takas, president of the Northern Greek Industrialists Association (SBBE). Mr. Takas was speaking after separate meetings in Athens of SBBE's leaders with Prime Minister Costas Simitis and main opposition New Democracy leader Costas Karamanlis. WEATHERFair weather will prevail in most parts of Greece today with the possibility of sporadic rain in the northwest in the afternoon. Winds northerly, light to strong in the Aegean. Scattered cloud in Athens with temperatures between 20-31C. Possibility of showers in the mountainous regions of Thessaloniki with temperatures from 19-29C.FOREIGN EXCHANGEFriday's rates (buying) U.S. dollar 309.722 Pound sterling 492.449 Japanese yen (100) 278.841 French franc 49.406 German mark 165.698 Italian lira (100) 16.737 Irish Punt 411.493 Belgian franc 8.034 Finnish mark 54.505 Dutch guilder 147.059 Danish kr. 43.604 Austrian sch. 23.551 Spanish peseta 1.947 Swedish kr. 37.166 Norwegian kr. 38.859 Swiss franc 202.204 Port. Escudo 1.617 Can. dollar 206.574 Aus. dollar 195.608 Cyprus pound 559.885 Euro 324.076(S.S.) Athens News Agency: News in English Directory - Previous Article - Next Article |
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