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Athens News Agency: News in English, 09-11-05

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

From: The Athens News Agency at <>


  • [01] FinMin on transparency in political money
  • [02] Macedonian tomb of Eordaia opens to the public
  • [03] ASE opening: Decline

  • [01] FinMin on transparency in political money

    The planned change of the electoral system and introduction of substantive control on the campaign expenses of the political parties and candidates will contribute to the streamlining and transparency of political monies, finance minister George Papaconstantinou said in parliament on Thursday.

    Replying to a question tabled by former parliament president and ruling PASOK MP Apostolos Kaklamanis concerning "provocative violations of the electoral and taxation legislation" in the recent campaign period ahead of the October 4 general elections, Papaconstantinou conceded that the Special Audits Service was dysfunctional to the point that the relevant written charges submitted by Kaklamanis on October 2 were conveyed just recently to the regional services for audit.

    Kaklamanis, in turn, noted that his question does not concern bureaucracy, but the essence of the fiscal problem and social injustice, adding that the point at hand was the obliteration of the phenomenon of the huge tax evasion, contribution evasion and corruption.

    Kaklamanis stressed that the problem must be tackled head-on, at its roots, by the politicians themselves.

    [02] Macedonian tomb of Eordaia opens to the public

    An important, but lesser known, tomb monument of the 4th century BC, discovered in 1987 in the village of Spilia, Kozani pprefecture in northwest Greece, will be accessible to visitors following the completion of restoration works conducted by the culture ministry's 30th Ephorate of Prehistoric and Classical Antiquities.

    The ancient Macedonian tomb of Eordaia, or the Macedonian tomb of Spilia, as it is also known, is located in Spilia, which is situated along the Via Egnatia, an ancient Roman road.

    The tomb has two chambers with a Doric monument-like facade. The monument is among the most significant of its kind across Macedonia and its architecture is exquisite, matching that of the tomb of King Philippos II of Macedon, father of Alexander the Great, in Vergina and the Macedonian tomb of Lyson and Kallikles, sons of Aristophanes, at Leucadia.

    The works launched in 2008 to promote the archaeological site have cost roughly 250,000 euros and were funded by the 3rd Community Support Framework (CSF).

    [03] ASE opening: Decline

    Equity prices were declining at the opening of trade on Thursday on the Athens Stock Exchange (ASE), with the basic share price index down 0.40 percent, standing at 2,620.92 points at 11:25 a.m., and turnover at 52.2 million euros.

    Individual sector indices were moving mostly downward, with the biggest losses in Food & Beverage, down 2.37 percent; Construction, down 2.20 percent; and Telecoms, down 1.32 percent.

    The biggest gains were in Banks, up 0.61 percent; Commerce, up 0.57 percent; and Chemicals, up 0.31 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 0.11 percent, the FTSE/ASE MID 40 index was down 0.85 percent, and the FTSE/ASE-80 small cap index was down 0.69 percent.

    Of the stocks moved, 30 were up, 77 were down, and 27 were unchanged.

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