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A.N.A. Bulletin, 11/10/96

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

From: The Greek Press & Information Office, Ottawa Canada <[email protected]>

ATHENS NEWS AGENCY BULLETIN (No. 1012), October 11, 1996

Greek Press & Information Office
Ottawa, Canada
E-Mail Address: [email protected]


CONTENTS

  • [01] Premier says Greece's EU equitable participation top Gov't priority
  • [02] Economy
  • [03] Measures call for increasing revenue, reducing waste
  • [04] Opposition immediately criticizes Gov't policy statements
  • [05] Athens rejects Turkish claim that Greece-Cyprus exercises are provocations
  • [06] WEU officials rejects claims of Turkey's readiness for full membership
  • [07] Europarliament budget committee rejects bid to freeze '97 MEDA funding to Turkey
  • [08] Van den Broek conclusion
  • [09] Pangalos schedules visit to Belgrade, Zagreb and Sarajevo
  • [10] EU delegation visits CEDEFOP headquarters in Thessaloniki
  • [11] Varvitsiotis calls for discussion into causes of ND's defeat
  • [12] Andrianopoulos
  • [13] Police break up ring dealing in bogus passports
  • [14] Italian national arrested
  • [15] Greece sends team of seismologists to Cyprus to help monitor situation
  • [16] Mirage 2000 crashes off Andros, pilot safe
  • [17] Fossilized remains of gigantic bear found in Pella
  • [18] Prehistoric settlement, graveyard discovered
  • [19] Greek alphabet's role in western civilization examined at Bavarian conference
  • [20] Papandreou inaugurates 'Greek Observatory' at London School of Economics
  • [21] News in Brief
  • [22] General wholesale price indicator increases by 0.2 per cent between July '96 to August '96
  • [23] Athens Metro project back on track
  • [24] New Hyatt casino on a winning streak in its first month
  • [25] Insurance sector decreases
  • [26] Greece's goals for development in energy sector outlined

  • [01] Premier says Greece's EU equitable participation top Gov't priority

    Athens, 11/10/1996 (ANA)

    Greece's equitable participation in European unification, defense of its sovereign rights, social and institutional modernization as well as a leading role in the Balkans are the basic orientations of the government's policy over the next four years, Prime Minister Costas Simitis said last night in unveiling his government's policy statements in Parliament.

    "The basic axis, the central and uncompromising aim of our policy, is the country's equitable participation in European unification. Our successful response to convergence is not a need that arises from external compulsion ... It is a national strategy, which renders Greece competitive in the international division of labor, which secures the development of the economy, which creates the healthy prerequisites for the exercise of effective social policy," he said.

    Mr. Simitis described Turkey as the main factor of destabilization in the region, nurturing "historically baseless visions of reviving the Ottoman Empire."

    "The status of the Aegean is absolutely clear, and is defined with accuracy by the history of thousands of years and international treaties ... Our policy is steady. There is no issue of dialogue with Turkey, which, if it so desires, can have recourse to international adjudication...

    "We shall continue the strategy of diplomatic vigilance and deterrent capability of our armed forces, with their modernization and upgrading, and the implementation of the joint defense doctrine involving Greece and Cyprus. The Cyprus problem constitutes the first priority of (our) foreign policy," he added.

    [02] Economy

    Athens, 11/10/1996 (ANA)

    Turning to the economy, the premier described the fiscal problem as a national issue, and 1997 as an especially crucial year.

    "The further de-escalation of inflation, the trimming of the state sector as a percentage of GDP, as envisaged in the Convergence Programme, the acceleration of the development process and the strengthening of social solidarity, constitute basic aims of our macro-economic policy in the coming years.

    "Fiscal adjustment will not be based on squeezing workers' incomes. Our incomes policy guarantees incomes which will be above the inflation rate, and maintain the balance between stabilization and social cohesion. The fairer distribution of national income and wealth is a steady pursuit of our policy," he noted.

    "The budget and comprehensive macro-economic planning are especially crucial issues for 1997 and the years thereafter. Greece, as other countries, will be judged in the coming years for its participation in Economic and Monetary Union. Our options today will decisively determine when and under what terms we shall participate in EMU. It is our steady decision to fulfill the prerequisites for the country's participation in EMU until the end of the decade," the premier continued.

    Providing a reminder that only interest payments on the national debt represented a greater amount than all the expenses for defense, education, health and welfare together, he reiterated that fiscal rationalization was the basic prerequisite for Greece 's participation in European decision-making centers.

    [03] Measures call for increasing revenue, reducing waste

    Athens, 11/10/1996 (ANA)

    There will be determined intervention in crucial aspects of public finance, he said.

    "First, a clamp-down on waste and utilization of state property. State expenses must correspond to the real needs of society. The functioning of the state must restrict itself to contemporary needs," he said, continuing: "Secondly, interventions in t he field of tax exemptions, grants, and subsidies. We shall not accept the perpetuation of privileges and favouritist treatment, which increase social inequality and have no place in a modern and fair taxation system," he continued.

    He said a third intervention will be a fair distribution of the cost among all social classes.

    "The fight against tax evasion and the informal economy will be intensified. Social justice demands this," he stressed.

    Mr. Simitis also announced that the government would proceed to a review of the Community Support Framework, "so as to institute structural moves which will give the programme greater effectiveness and greater developmental prospects."

    Regarding employment, Mr. Simitis said that the development effort would produce 180,000 new jobs until the year 2000.

    Industrial policy would aim at improving competitiveness, and restructuring and strengthening the country's industrial base through support for the creation of new entrepreneurial activities, and modernization of existing units, particularly small- and medium-size enterprises in high technology fields.

    He added that the policy of privatization of enterprises would continue, based on the criteria of their viability, reliability of investors, and the safeguarding as many jobs as possible. Such enterprises included large public utilities, such as the Hellenic Telecommunications Organization (OTE) , the Public Petroleum Corp. (DEP) and smaller state-controlled banks.

    The premier said that modernization in agriculture, improved marketing, and supports to new farmers would be the main means of promoting dynamism and competitiveness in the sector.

    Regarding education, he reiterated that the government's basic principle was "support for state education at all levels, qualitatively upgraded and effective."

    Concerning the health care sector, Mr. Simitis said the National Health System (ESY) would continued to be the government's central option.

    With regard to the environment and the quality of life, measures would include a speeding up of the drafting of a National Land Register, energy-saving schemes and promotion of milder forms of energy, as well as the strengthening of international cooperation.

    The prime minister said that the task the present government is undertaking is huge, adding that emphasis will be placed on effective administration.

    "The government's doctrine will be consistency, reliability and effectiveness," he said, stressing that the bold initiatives which society and the economy need require full social consensus and mobilization, and that in the four years ahead the government must settle all outstanding issues of the past, and cover the distance separating the country today from other European countries.

    The debate will continue tomorrow and Saturday, with speeches by all opposition party leaders and several deputies. The session will conclude with a vote of confidence for the government on Saturday evening.

    [04] Opposition immediately criticizes Gov't policy statements

    Athens, 11/10/1996 (ANA)

    Criticism of the government's policy statements surfaced almost immediately after the premier's speech from main opposition New Democracy and other opposition parties.

    Recently re-elected ND leader Miltiades Evert noted that "never in the Parliament hall's past has so much time been needed to say absolutely nothing."

    On his part, ND deputy and former minister George Souflias, who unsuccessfully contested the main opposition's leadership last week, called the policy statements "timid, generalities, grandiloquent promises, without substance and effect." Mr. Souflias also referred to what he called a blending of views from within the ruling party's various internal leanings, adding that the government was unable to face the nation's problems.

    Meanwhile, ND honorary president and former premier Constantine Mitsotakis said after Mr. Simitis' speech that the prime minister described today's reality "in an outstanding manner", and presented "very strongly" the danger of Greece's marginalization if the nation does not follow developments in the European Union. However, he added that Mr. Simitis' address was "tragically weak" in terms of enunciating specific measures.

    The Communist Party of Greece's (KKE) Parliamentary representative, Orestes Kolozov, said Mr. Simitis' speech displayed the "social-democratic neo-conservatism" model in "all its glory." He estimated that "radical" austerity, as he put it, in the economy would also continue. In addition, Mr. Kolozov criticized the prime minister for "having said nothing on" the Cyprus problem, Greek-Turkish relations and potential US initiatives on the issue.

    Coalition of the Left and Progress (Synaspismos) President Nikos Constantopoulos called the premier's speech an "academic report of ideas" and not an "analysis of policies and prospects."

    [05] Athens rejects Turkish claim that Greece-Cyprus exercises are provocations

    Athens, 11/10/1996 (ANA)

    Greece yesterday rejected Ankara's claims that the recent Greek and Cypriot joint military exercises "Nikiforos" and "Toxotis" were aggressive and provocative.

    Foreign ministry spokesman Costas Bikas said that, on the contrary, "it is Turkey's behavior in Cyprus for the past two decades that is provocative and illegal, and hinders the creation of conditions of stability in the Mediterranean."

    Mr. Bikas was commenting on a statement by Turkish Foreign Ministry spokesman Sermet Atacanli on Wednesday, who said that Turkey considered the Greece-Cyprus exercises as "a military and political escalation threatening peace and stability in the region."

    The Greek foreign ministry spokesman reiterated that the reconnaissance and interception of a Turkish F-16 fighter - which crashed into the eastern Aegean near the island of Hios on Tuesday- had taken place while it was violating Greek air space.

    [06] WEU officials rejects claims of Turkey's readiness for full membership

    Paris, 11/10/1996 (ANA - J. Zitouniati)

    Western European Union officials yesterday rejected recent statements by WEU Parliamentary Assembly President Dudley Smith that Turkey should become a full member of the organizations.

    WEU sources said Mr. Smith's comments were "personal opinions" and that Turkey does not meet the most basic preconditions for full membership.

    While Turkey is a member of NATO, it is not a member of the European Union, a prerequisite for full WEU membership. It is currently an associate member of the WEU.

    Mr. Smith, a British Conservative party deputy, whose tenure as president ends in December has previously expressed pro-Turkish sentiments and maintains a home in the Turkish-occupied territory of Cyprus.

    [07] Europarliament budget committee rejects bid to freeze '97 MEDA funding to Turkey

    Brussels, 11/10/1996 (ANA - F. Stangos)

    The European Parliament's budget committee yesterday rejected a proposal to freeze funds contained in the MEDA programme destined for Turkey in 1997, relying on an oral commitment by EU Commissioner Hans van den Broek that Ankara will satisfy the Europarliament's requests.

    According to several Eurodeputies, an unprecedented tactical maneuvre by Mr. van den Broek and the "authoritarian" manner in which the president of the European Parliament's budget committee, German Eurodeputy Delthef Samland, conducted the discussion w as adequate to overturn the trend created concerning the funding of Turkey from MEDA and to revoke the resolution issued last September.

    The budget committee voted against the paragraph containing the controversial amendment anticipating the allocation of MEDA funds for each country to enable the European Parliament to "isolate" funds concerning Turkey and "freeze" them, as had been decided in a resolution at a plenary session in September.

    Mr. Samland, a Social Democrat, undertook the issue personally and conveyed the oral commitment by Mr. van den Broek to his colleagues that the European Commission will strictly adhere to the European Parliament's admonitions and will not ratify plans f or Turkey, except for those concerning the strengthening of democratization and respect for human rights, as well as those aimed at improving the living standards of the Kurdish population.

    According to Mr. Samland, Mr. van den Broek assured him that the Committee will not merely take the Europarliament's resolution into consideration, but will turn it into practice and that the plans concerning Turkey will only be accepted on condition they will strengthen a "society of citizens", as well as those concerning the situation in southeast Turkey.

    Mr. Samland then proposed and succeeded in having amendments out-voted that had placed MEDA funds destined for Turkey placed in the reserves of the Community budget for 1997.

    This method met with strong reaction from the Greek Eurodeputies participating in the debate - Yiannos Kranidiotis from PASOK and Stavros Argyros from New Democracy - who expressed their displeasure over Mr. Samland's refusal to put to the vote accompanying observations referring to Turkey, in particular.

    However, these decisions are not final since the proposal by the budget committee will be put to the vote at a European Parliament plenary session (Oct. 21-26) within the framework of the first reading of the draft budget for 1997. In addition, Mr. van den Broek has undertaken to present the views he conveyed through Mr. Samland yesterday at the budget committee's meeting in Strasbourg on Oct. 21 by himself, where he is expected to be called on to put his views in writing so as to bind the Committee's position towards Turkey.

    Mr. Kranidiotis made the following statement afterwards:

    "I express my strong displeasure over the autocratic manner in which Mr. Samland conducted the work of the European Parliament's budget committee, without letting all views to be freely expressed and without putting all the proposals to the vote. I am greatly concerned that there is some closed clique of people in the budget committee who take decisions 'in secret'. Today's decision by the budget committee is attempting to annul the European Parliament's resolution concerning the funding of Turkey from MEDA. I intend to raise the issue at a plenary session of the Socialist Group and request that the content of last September's resolution by supported in practice as well."

    [08] Van den Broek conclusion

    Brussels, 11/10/1996 (ANA - M. Savva)

    Despite existing difficulties, the European Union must keep channels of dialogue and co-operation with Turkey open. Conclusions drawn by the report drawn up by Mr. van den Broek concerning the implementation of customs union, the democratization process and the state of human rights in Turkey, which will be submitted to the European Parliament soon, lead to this phrase.

    The document made public yesterday underlines the need for the continuation of the policy inaugurated on March 6, 1995, concerning relations with Turkey and Cyprus' accession to the European Union.

    "Turkey constitutes a very important partner in the customs union agreement. And it remains a political and strategic partner in the region of major importance. The channels of dialogue and co-operation must remain open, because the target remains for a continuous decrease in tension in the Aegean, in accordance with the principles of international law and for finding a just and viable solution to the Cyprus issue."

    The report, which criticizes human rights violations, as well as the reform process, which is dragging its feet, stresses that the customs union has operated so far in the most satisfactory way.

    [09] Pangalos schedules visit to Belgrade, Zagreb and Sarajevo

    Athens, 11/10/1996 (ANA)

    Foreign Minister Theodoros Pangalos will make an official visit to Belgrade, Zagreb and Sarajevo from Oct. 16-19.

    Mr. Pangalos will be accompanied by a delegation.

    [10] EU delegation visits CEDEFOP headquarters in Thessaloniki

    Athens, 11/10/1996 (ANA)

    A delegation of deputies from the European Parliament's Social Affairs and Employment Committee, which includes PASOK Eurodeputy Nikos Papakyriazis and New Democracy Eurodeputy Costas Hatzidakis, visited the European Center for the Development of Occupational Practice (CEDEFOP) in the Thermi region in Thessaloniki yesterday.

    The delegation will visit CEDEFOP again today.

    The purpose of the delegates' presence is to be briefed on the course of the center's work and discuss the content of its co-operation with the European Parliament and the European Commission.

    [11] Varvitsiotis calls for discussion into causes of ND's defeat

    Athens, 11/10/1996 (ANA)

    Main opposition New Democracy Vice-President leader Ioannis Varvitsiotis said yesterday that the party's Parliamentary group should undertake an honest and in-depth discussion on the causes of the recent electoral defeat, noting that "the general climate is that Mr. Simitis was underestimated."

    He expressed support for the return to the party of all cadres who have left the party, including Political Spring party leader Antonis Samaras, "as long as they accept New Democracy's ideological principles".

    Mr. Varvitsiotis said that the party conference, scheduled for March or April, would be called upon to close the issue of challenges to the leadership, and would be considered a failure if it did not achieve this.

    He referred to personal clashes, adding that there were no substantial ideological differences within the party that would justify them.

    [12] Andrianopoulos

    Athens, 11/10/1996 (ANA)

    Meanwhile, former ND minister Andreas Andrianopoulos, an ardent supporter of privatizations who has withdrawn from the party and recently hinted at the formation of a new political party, said yesterday, "we are obliged and determined to adopt measures to thwart the onslaught of the socialist government against the centre-right, an onslaught to which the entire Greek society has surrendered."

    [13] Police break up ring dealing in bogus passports

    Athens, 11/10/1996 (ANA)

    Police yesterday broke up an Athens-based ring dealing in the issue and distribution of fake passports and travel documents.

    Two Iraqis and four Bulgarians were arrested after police searched a house in the Neos Kosmos district, in which they found 20 fake Greek passports, 18 fake driving licences, two bogus French identity cards and 37 fake Iraqi documents. Police said one of those arrested, Iraqi national Fatuk Fatan, was the mastermind behind the operation.

    Fatan was arrested in May this year when found in possession of three fake passports and was due to be tried later this month.

    Police said, however, that they had foiled his plans to use one of the fake passports to flee the country.

    Police in charge of the investigation say that more arrests are anticipated.

    [14] Italian national arrested

    Athens, 11/10/1996 (ANA)

    An Italian man wanted by Interpol for armed robbery was arrested at the Promahonas border checkpoint at Serres, northern Greece, yesterday when officials found him in possession of a stolen passport.

    Tarcisio Tenchini, 47, told police that he bought the passport in Modena, Italy, from a person he does not know. Interpol says Tenchini is suspected of involvement in an armed robbery in Naples, Italy, earlier this year and that he and his accomplices a re suspected of stealing a large number of passports from Italian tourist offices.

    [15] Greece sends team of seismologists to Cyprus to help monitor situation

    Athens, 11/10/1996 (ANA)

    Greece said yesterday it was sending a team of senior seismologists and engineers to Cyprus to help monitor the situation in the wake of the 6.1 Richter quake which jolted the island on Wednesday.

    Environment, Town Planning and Public Works Minister Costas Laliotis said the team of seismologists would establish a network to better monitor the expected aftershocks and that the engineers would assist in evaluating damage to buildings. One person died and more than 50 people were injured on the island when the tremor struck at midday on Wednesday.

    The quake, which had its epicenter 40kms west of the coastal town of Paphos, was felt as far as Egypt. The Paphos areas was last hit by an earthquake measuring 5.2 on the Richter scale in February last year. Two elderly people were killed when their house collapsed.

    In Thessaloniki, meanwhile, seismologists at the Aristotelian University said a tremor registering 5.6 Richter in Cyprus this morning was part of the normal course of events in the wake of Wednesday's quake. Seismologist Manolis Skordilis told the ANA that events were progressing normally.

    By midday yesterday, hundreds of aftershocks had been registered by the Thessaloniki laboratory, all originating from the epicenter of Wednesday's quake. Only 13 were considered to be "significant" tremors, registering 4.6 and above.

    Mr. Skordilis said seismologists last year had warned that the Mediterranean basin was entering a "live period" of seismic activity which could last up to a decade.

    Greece, he added, had the dubious privilege of being the most seismically active country in Europe.

    In August next year, Thessaloniki will host the "Earthquake Olympics" drawing more than 1,000 scientists from around the world.

    [16] Mirage 2000 crashes off Andros, pilot safe

    Athens, 11/10/1996 (ANA)

    A French-made Hellenic Air Force Mirage 2000 fighter crashed into the sea six nautical miles south of the island of Andros yesterday while taking part in a routine training flight, Defense Minister Akis Tsohatzopoulos announced.

    According to reports, the plane's pilot, Stylianos Nikidis, ejected before the fighter hit the water. He was picked up while on a rubber life-raft.

    Initial reports said the accident was due to mechanical failure.

    [17] Fossilized remains of gigantic bear found in Pella

    Athens, 11/10/1996 (ANA)

    The fossilized bones of a 100,000-year-old gigantic bear have been found in a cave in the Loutraki, Pella region of northern Greece.

    The discovery was made by a team headed by Kostas Ataktidis, an expert speleologist who has worked both in Greece and abroad.

    Initial palaeontological estimates indicate that the cave-dwelling bear stood up to three meters tall and may have weighed up to three tonnes.

    Further work in the cave, in which the remains were found and the immediate region, will continue throughout the month by specialists from the culture minister as well as the Thessaloniki and Vienna universities.

    Some 13 caves found in the Loutraki region will soon compromise Greece's first "speleological park", once research work is completed. According to reports, the Viennese experts will conduct an applied geographical environmental study of the region, including surveys of the morphology, geology, hydrology and the vegetation of the area, to form a complete picture of the formation of the caves as well as the evolution of the animals believed to have lived in the area since the Ice Age.

    [18] Prehistoric settlement, graveyard discovered

    Athens, 11/10/1996 (ANA)

    An eighth millennium B.C. settlement and graveyard, touted as the most significant pre-Cycladic find in the Aegean, have been discovered in the Maroula region on the island of Kythnos.

    According to the 21st Prehistoric and Classical Antiquities Department, portions of a human skeleton were washed ashore last month at the site due to beach erosion.

    Five preneolithic graves were subsequently located in the same region along with the foundations of cyclically designed residences adorned with slate rock floors.

    Remains of habitation during the same period, according to archaeologists, have also been located at the Yioura site on the island of Alonnisos, in the Sporades chain.

    [19] Greek alphabet's role in western civilization examined at Bavarian conference

    Munich, 11/10/1996 (ANA)

    The Greek alphabet and its role as a landmark in the history of writing and development of western European civilization was recognized by 22 leading researchers from Europe and the United States, who participated in an international conference entitled "History of the Greek language and writing: From the second to the first millennium B.C. - Discontinuation or Continuation."

    The conference was organized by the Greek Culture Foundation in Ochlstadt, Bavaria last week with the co-operation of the Society for the Study and Dissemination of Greek History.

    Participants, included the academic E. Neumann, noted German archeologist H.G. Buchholz, A.W. Tohnston, University of London professor L. Emmett Bennett and many others from Greece and Europe, who presented results of their reports to a large audience o n the early history of the Greek language.

    [20] Papandreou inaugurates 'Greek Observatory' at London School of Economics

    London, 11/10/1996 (ANA - L. Tsirigotakis)

    Alternate Foreign Minister George Papandreou yesterday inaugurated the "Greek Observatory", the research arm of the new chair of Modern Greek studies at the London School of Economics.

    Speakers at yesterday's event stressed that the Observatory represents a major step in expanding the school's European studies programme, aimed at upgrading research and teaching on all aspects of modern Greece.

    Mr. Papandreou said in statements that it was the government's policy to support the creation of other such chairs of Greek studies abroad.

    "It is the country's official and general policy to support the creation of chairs of Greek studies in many countries abroad, in academic centers, but also in areas where there are expatriate Greeks," he said.

    "The creation of the Greek Observatory is of special significance, first of all, linking the Greek academic community in Britain with Greece, and providing updating on important developments in the social sciences. Secondly, contributing to a better knowledge on the part of the British public, academic community and politicians on the problems of the region and Greek positions regarding the Balkans and the Mediterranean, and thirdly, contributing to a cultural bridge between British and Greek universities," he added.

    [21] News in Brief

    Athens, 11/10/1996 (ANA)

    Culture Minister Evangelos Venizelos yesterday met with the head of the Melina Mercouri Foundation Jules Dassin, and other foundation officials, to discuss the course of the Acropolis Museum project.

    [22] General wholesale price indicator increases by 0.2 per cent between July '96 to August '96

    Athens, 11/10/1996 (ANA)

    The general secretariat of the National Statistical Service (ESY) announced yesterday that the general wholesale price indicator for final products increased by 0.2 per cent in August 1996, compared to July 1996, against an increase of 0.4 per cent during the corresponding period in 1995.

    The general indicator increased by 6.2 per cent in August 1996, compared to the general indicator of 1995, against an increase of 6.6 per cent in comparison to the same indicator in 1995.

    [23] Athens Metro project back on track

    Athens, 11/10/1996 (ANA)

    Tunnel-drilling work on the Athens Metro will resume in a few days' time, Environment, Town Planning and Public Works Minister Costas Laliotis announced yesterday, following the settlement of a dispute between the state and the consortium constructing the Athens Metro.

    Mr. Laliotis told a press conference that his meeting with representatives of the "Olympic Metro" consortium on Wednesday had discussed the problems that had arisen and that the two parties had agreed to meet again in a fortnight to evaluate progress.

    He said the suspension of work at four stations would soon be lifted and that he would speed up the process to solve technical problems plaguing work at one of the main stations, Ermou.

    The amicable agreement came after some tension between the state and the consortium, with Mr. Laliotis reportedly considering rescinding the contract with the consortium if problems were not ironed out.

    Attiko Metro, which represents the Greek state in the 520-billion-drachma project, issued an announcement last week saying that delays in the execution of the project were due to Olympic Metro, a joint Greek, German and French consortium.

    [24] New Hyatt casino on a winning streak in its first month

    Athens, 11/10/1996 (ANA)

    The newly opened Hyatt Regency casino in Thessaloniki posted a gross turnover exceeding the two billion drachmas mark in September, its first month of operation, company president Giorgos Galanakis said yesterday.

    Specifically, he said total revenue reached 2.217 billion drachmas, an average daily of 76.5 million, while average daily attendance was around 3,600 - the highest in Europe.

    Mr. Galanakis said the state would receive 30 per cent of gross revenues, or about 650 million drachmas.

    Players' losses amounted to an average of 21,000 drachmas per person, the casino's management stated.

    [25] Insurance sector decreases

    Athens, 11/10/1996 (ANA)

    Greece's insurance market has decreased by 15 per cent over the past year and, according to representatives of insurance firms, the drop is due to a slowing in the rate of increase for personal insurance policies, which cover about 50 per cent of the nation's insurance market.

    The turnover in the sector amounted to 500 billion drachmas in 1995, while the personal life insurance sector registered a 20 per cent decrease.

    By contrast, the automobile insurance sector increased slightly, while remaining policies remained stable.

    The above figures was announced yesterday by the president of the Union of Insurance Companies of Greece's International Relations Committee, Yiannis Delentes, on the sidelines of the Federation of Insurance Unions of European States' general assembly, which began in Thessaloniki yesterday.

    Mr. Delentes said recent activity in the market is making insurance agents skeptical, adding that insurance agents are concerned over a possible abolition of the tax exemption for insurance premiums.

    [26] Greece's goals for development in energy sector outlined

    Athens, 11/10/1996 (ANA)

    Development Minister Vasso Papandreou analyzed the economic, diplomatic and political targets of making Greece a transit center for energy sources transported between western Europe and the Balkans, Russia and Black Sea regions.

    She was speaking yesterday at the Balkan conference of the International Federation of Energy and Chemical Industry Unions.

    Ms. Papandreou outlined the steps with which the government is approaching this crucial target, namely, a Greek proposal to the Community for inter-Balkan power networks and pipelines for the transport of petroleum and natural gas.

    In addition, other steps include the creation of an underwater cable linking Greece with Italy; an institutional framework urging the Public Power Corp. (DEH) to establish flexible subsidiaries operating in the Balkans and eastern Europe; completion of a pipeline carrying natural gas from Russia through Bulgaria to Greece with option to extend it to Albania and linkage to Italy; promotion of the proposed Burgas-Alexandroupolis petroleum pipeline as well as acceleration of programmes for utilizing renew able sources.

    Ms. Papandreou said the government will promote modernization and competitiveness in the energy sector and the social dimension of energy.

    In a message, EU Energy Commissioner Christos Papoutsis referred to changes which will be brought about by a directive on deregulating the energy market, which has been in effect since June. He also noted that inter-Balkan networks are meeting with a positive response from the Community, because it is believed that they will produce greater security in supplying the European Union.

    End of English language section.


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