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Athens News Agency: Daily News Bulletin in English, 97-02-21

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 1121), February 21, 1997

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


CONTENTS

  • [01] Premier optimistic major works will be completed on schedule
  • [02] Commissioner Wulf-Mathies happy with Crete's absorption rates
  • [03] Reppas announces beginning of new campaign to inform int'l public opinion on Greece
  • [04] Holbrooke to arrive Monday on unofficial Athens visit
  • [05] Clerides says Nicosia aims at only peaceful solution to Cyprus problem
  • [06] Athens denies existence of German initiative on Cyprus
  • [07] Annan briefed by UN special envoy to Cyprus
  • [08] Turkish official's comments
  • [09] Iran reportedly offers to mediate between Greece, Turkey
  • [10] Athens among favorites for 2004 Olympics short-list
  • [11] Athens' environment the focus of scientific symposium
  • [12] Conference to focus on Greek language education in US
  • [13] Seminar on Greece's role in the Mediterranean
  • [14] Costas Karamanlis' entry into ND leadership race creates flurry of activity
  • [15] Ioannina celebrates 84th anniversary of liberation from Turkish yoke
  • [16] Conference on satellite systems held
  • [17] Striking high school teachers demonstrate in central Athens
  • [18] Greeks spend 646 billion drachmas on Lady Luck
  • [19] Jan-Oct 1996 current accounts deficit rises
  • [20] Amendment on pension fund's reserves passed
  • [21] OTE to unveil new mobile phone at TIF
  • [22] Athens bourse sees six-year high in prices
  • [23] ELBO looks into manufacturing Greek car
  • [24] Athens court convicts eight suspects in MAVI case
  • [25] Internet site for overseas Greeks
  • [26] Photo exhibition on Greeks of Istanbul
  • [27] Romeos confident Iraklio bombing suspects will be brought to justice

  • [01] Premier optimistic major works will be completed on schedule

    Athens, 21/02/1997 (ANA)

    Prime Minister Costas Simitis yesterday expressed optimism that all the major infrastructure works under way throughout the country would be completed on schedule, while all related European Union funds would be absorbed.

    Speaking to reporters at the environment, town planning and public works ministry after a two-hour meeting with the ministry's political leadership, Mr. Simitis said he was satisfied by the progress of works despite certain difficulties and "friction".

    For most of the approximately 7,000 works in progress, Mr. Simitis said funding, estimated at 4.2 trillion drachmas, has already been secured. In those cases where available finances remained inadequate the necessary funds will be raised in co-operation with the environment, town planning and public works ministry and the national economy ministry, he added.

    The premier did not rule out participation of the private sector in the financing of major works.

    "It is an issue which has been discussed by the cabinet and inner cabinet. But we must find ways to ensure that it would be to the benefit of the works and not increase their cost," he said.

    On the delay in the construction of the Athens metro, Mr. Simitis said talks were currently being held, as the project's contractors had put forward certain new demands.

    "We are determined to stick to our contractual agreements. There is a contractual framework which is binding on all parties carrying out works in Greece. It is not possible whenever such parties realize that they have not made accurate calculations to demand amendments, modifications and revisions. Contracts must be adhered to," he noted.

    The premier acknowledged that in certain cases where something unexpected arises, good faith is necessary on both sides to find other remedies within the contractual framework. Mr. Simitis said all related Community funds will be absorbed, adding that "no source or ECU which will have been planned for will be lost."

    Stressing that the ability to secure EU funding after the year 2000 will not be the same as today's, the premier said that "we shall intensify our efforts in all sectors..."

    "We must absorb the funds within the fixed timetable," he said.

    "We shall continue, in co-operation with the political leadership of the environment, town planning and public works ministry, to... over-come the problems and great difficulties which sometimes arise from the fact that this is an unprecedented effort for our country," Mr. Simitis said.

    During his visit to the ministry, the premier also discussed town planning and environmental issues with the ministry's political leadership.

    [02] Commissioner Wulf-Mathies happy with Crete's absorption rates

    Athens, 21/02/1997 (ANA)

    EU Commissioner for regional policy, structural funds and the cohesion fund, Monika Wulf-Mathies, yesterday expressed complete satisfaction at the rate of absorption of Community funds in Crete and the quality of works being performed.

    Ms Wulf-Mathies, who began an official visit to Greece on Tuesday, was speaking in Hania, first stop on a tour of Crete. She was briefed on the progress of works during talks at the prefecture building.

    After visiting the old part of the city and a women's cooperative organization, Ms Wulf-Mathies left for Iraklion.

    [03] Reppas announces beginning of new campaign to inform int'l public opinion on Greece

    Athens, 21/02/1997 (ANA)

    Press and Media Minister Dimitris Reppas said yesterday's first meeting of the communications policy council coincided with the start of an information campaign to present a "new face" of Greece to international public opinion.

    The aim of the 11-member council, to be chaired by the general secretary of the press and media ministry, is to recommend methods for better informing public opinion outside Greece and guidelines for the relations which should be developed with international mass media.

    "Greece's singular geopolitical circumstances dictate that we embark on an effort to make our positions known," Mr. Reppas said.

    Commenting on the information campaign begun by the government and the ministry, Mr. Reppas said it was an effort aimed at Greece's "rebirth", with a new face as an element of its international image. "This face will present Greece as an EU member state, as a factor for peace and stability in the region, a country with modern parliamentary institutions, enviable social attainments and a notable cultural, intellectual and moral background," Mr. Reppas said.

    This, he added, will put an end to the impression often prevailing in international public opinion that Greece is "a country which begins and ends at the boundaries of the bi-polarism of Greek-Turkish relations..."

    [04] Holbrooke to arrive Monday on unofficial Athens visit

    Athens, 21/02/1997 (ANA)

    Former US assistant secretary of state Richard Holbrooke will be in Athens on Monday to accompany his wife, who will be honored at a press awards ceremony.

    Kati Marton will be honored for her work as president of the International Committee for Protection of Journalists by the Costas Kyrazis International Center. Her group has been particularly active in pressing for the safety of reporters in Turkey and former Yugoslavia, according to the center. The event will be held at a downtown Athens hotel at 8:30 p.m.

    The award to Ms Marton will be presented by Artemis Kyriazis, the president of the center and widow of Athens publisher Costas Kyriazis.

    Other recipients include the BBC World Service program broadcast out of Athens, the London-based "European" newspaper's Sunday supplement "Magazine", and the London School of Journalism. Monday's ceremony marks the first time the Kyriazis International Center has bestowed awards to international personalities or media outlets.

    Holbrooke's exact itinerary for the unofficial visit has not been released. Government spokesman Dimitris Reppas has confirmed that the ex-State Department official will visit Athens, but said he did not know of any scheduled meetings with Greek officials.

    [05] Clerides says Nicosia aims at only peaceful solution to Cyprus problem

    Athens, 21/02/1997 (ANA)

    Cyprus President Glafcos Clerides noted yesterday that Cyprus doesn't aim at a solution to the island republic's problem through a military confrontation but with peaceful means. However, he firmly stressed that Cyprus will continue its armaments program me for as long as there are Turkish troops on the island, adding that Nicosia insists on its proposal for the entire island's demilitarization.

    In an address at the War Museum yesterday at an event organized by the "Citizens' Initiative on National Issues and Social Progress", President Clerides expressed the readiness of Nicosia to accept a rational "compromise", but not a "surrender" of the island.

    Mr. Clerides, who was honored at the event with a plaque, then referred to the need of implementing the Greece-Cyprus joint defense doctrine, adding once again that "when the various initiatives being planned for the Cyprus issue are activated, we will take care to see that no actions will take place which might create tension."

    He warned Ankara that if Turkish troops dare to impose a solution they will find Cyprus fully prepared, reiterating that whatever settlement of the Cyprus problem should be based on a Cypriot state composed of two politically equal communities "in an inter-communal bi-zonal federation." However, he clarified that the federation solution would not be chosen if the occupation army did not exist. Referring to the issue of security and the physical and national survival of the two communities, President Clerides said that it can only exist in the framework of a federal Cypriot Republic "where an international force will be stationed with mandate terms from the Security Council." He did not elaborate on who will compose the force.

    The event was also addressed by National Defense Minister Akis Tsohatzopoulos, the Cyprus Foreign Minister Alekos Michaelides and the main opposition New Democracy party's Parliamentary representative Stavros Dimas. Also attending the event were former prime minister Constantine Mitsotakis, Parliament President Apostolos Kaklamanis, deputies, academics, military officers, diplomats and church representatives.

    [06] Athens denies existence of German initiative on Cyprus

    Athens, 21/02/1997 (ANA)

    Athens yesterday denied that a German initiative to resolve the Cyprus problem had been handed to National Defense Minister Akis Tsohatzopoulos during his recent visit to Bonn. "Mr. Tsohatzopoulos' visit did not have this dimension," government spokesman Dimitris Reppas stated.

    [07] Annan briefed by UN special envoy to Cyprus

    UN, 21/02/1997 (ANA - M. Georgiadou)

    United Nations Secretary General Kofi Annan was briefed on the Cyprus issue on Wednesday by the UN special envoy in Nicosia Gustave Feissel.

    On the same day Mr. Annan also had a meeting with the deputy chief of the Turkish general staff Gen. Sivik Bir.

    Diplomatic circles say Gen. Bir's visit to the United States may be to counter-balance or even a warning on the part of the Turkish military to the presence in the US of Turkish Minister of State for Foreign Affairs Abdullah G0l, a close associate of Turkish Prime Minister Necmettin Erbakan.

    Mr. G0l is having a series of official talks in Washington in his purported capacity as Mr. Erbakan's "personal foreign minister".

    Yesterday, the UN secretary general was to receive his first courtesy call from Greece's Permanent Representative to the UN Christos Zaharakis.

    [08] Turkish official's comments

    Washington, 21/02/1997 (ANA - T. Ellis)

    Mr. G0l expressed his views on Greek-Turkish relations and the Cyprus problem at an event yesterday held here by the newspaper "Turkish Daily News".

    Mr. G0l commented that Ankara wanted a reduction in tension with Athens to benefit not only Greece but the region in general.

    With regard to the two communities on Cyprus, he expressed the belief that although they had lived together in the past, one had to be realistic and realize that this was no longer possible "even though we would like them to be able to". He added that neither Turkey, Greece, the United States or the European Union would like to see another Bosnia.

    "Ways have to be sought for the two communities to live together on the same island," he added.

    [09] Iran reportedly offers to mediate between Greece, Turkey

    UN 21/02/1997 (ANA - M. Georgiadou)

    Iran has offered to undertake the role of mediating between Greece and Turkey to resolve their outstanding problems, a press release from Iran's permanent representation at the United Nations said.

    The press release referred to the visit to Athens this week by Iranian First Vice-President Hassan Habibi, saying that the aim of the three-day visit was to examine forms of widening co-operation between Tehran and Athens in various fields.

    Iran's Alternate Foreign Minister for European and US affairs Mahmoud Vaezi told IRNA, the state news agency, that strengthening Greek-Iranian relations was not directed against any other nation, specifically not Turkey.

    [10] Athens among favorites for 2004 Olympics short-list

    Athens, 21/02/1997 (ANA)

    Athens, Rome and Buenos Aires, and to a lesser extent Cape Town, appear as the favorites for the hosting of the 2004 Olympic Games, according to a report issued in Lausanne yesterday by the International Olympic Committee's (IOC) evaluation commission.

    The IOC will announce a short-list of four or five Olympic contenders in Lausanne on March 7.

    [11] Athens' environment the focus of scientific symposium

    Athens, 21/02/1997 (ANA)

    Athens has the ability to again become a city attractive for its climate and atmosphere, an international scientific symposium organized by the Athens Olympics Committee concluded.

    The symposium, which ended yesterday, had focused on the quality of air in Athens in the year 2004.

    Conclusions of the meeting will be presented early next month in Athens.

    Research into the environment of the Greek capital is continuing.

    [12] Conference to focus on Greek language education in US

    N. York, 21/02/1997 (ANA - M. Georgiadou)

    A conference on Greek language education will open here tomorrow, organized by the Federation of Greek Associations of New York.

    The conference will be officially opened by Archbishop of America Spyridon.

    The main issue tabled for discussion is the financial situation of Greek day schools and the examination of the contribution of the organized Greek-American community.

    Another subject to be broached is the suitability of text books in both day and afternoon Greek schools, while several professors from various US universities are to speak on the possibilities of the founding of a Greek-American university in New York.

    [13] Seminar on Greece's role in the Mediterranean

    Athens, 21/02/1997 (ANA)

    A seminar entitled "The Role of Greece in the Mediterranean" was held yesterday in Athens with the participation of government officials, trade union representatives, diplomats, politicians and businessmen.

    The seminar was organized by the newly founded Mediterranean Co-operation Research Center (KEMES). It concluded that Greece, although in a position to play a leading role in assisting the countries of the southeastern Mediterranean and North Africa to forge closer relations with Europe, was not exploiting this advantage.

    Foreign Under-secretary Yiannos Kranidiotis, who addressed the seminar, centered on the acute problems facing non-European Union countries in the region, adding that Greece is able to assist considerably "through participating in the formulation of a development and security establishment."

    According to Mr. Kranidiotis, western policies which have been applied to the countries of these regions "have until now been of a neo-colonial character."

    Citing the EU-brokered MEDA program, which he described as "under-funded", Mr. Kranidiotis said that European policies in the region have also proven to be "of limited scope and effectiveness."

    He further stressed the need for new policies and initiatives with long-term prospects.

    Referring to the goals of Greek foreign policy in the region, Mr. Kranidiotis said they aimed at "averting dangers which could emerge due to neighboring relations with Mediterranean countries," as well as "promoting issues of Greek interest, economic relations" and "balancing action plans in the framework of international organizations."

    Mr. Kranidiotis said the foreign ministry's action plan also aimed at supporting the patriarchates of Alexandria, Antioch and Jerusalem as well as supporting the councils of Overseas Greeks. He said that the foreign ministry's action plan also included a number of visits to the Middle East by business delegations headed by the under-secretary.

    Concluding, Mr. Kranidiotis described as "factors of anomaly," Turkey's aggressiveness against Greece, adding that the Cyprus problem is "an international problem towards which Europe must show particular sensitivity."

    Aegean Minister Elizabeth Papazoi stressed Greece's absence from the formulation of Euro-Mediterranean policy, in spite of the fact "that Greece has all the necessary tools to do so."

    "The future will show if Greece will become more isolated or whether it will substantially contribute to the fresh unification of the Mediterranean," the minister said.

    In his address to the seminar, Coalition of the Left and Progress leader Nikos Constantopoulos said Greece's bi-partisan political system "has deprived Greece of its comparative advantages in relation to other regional countries."

    Stressing what he described as the "absence or downgraded presence of Greece" in a series of initiatives such as the Centro-European Co-operation and the European Commission's program for the support of the autonomous Palestinian territories, Mr. Constantopoulos said that Greece has managed to "become part of the problem in the central Balkan peninsula."

    Regarding policies for the 21st century, Mr. Constantopoulos proposed the formation of a "national strategy, an economic development policy providing for social cohesion, and serious changes in the administration system."

    Regarding the government's foreign policy, he said Greece should use the advantage of being a member of the European Union, adding that the government could also undertake a series of initiatives in various sectors such as the ecological protection of t he region and peace procedures in the Middle East through co-operation with non-governmental organizations.

    The seminar also focused on Greece's prospects for economic co-operation and intervention in the region, with special reference to the fact that business opportunities have not been exploited until now, and to the issue of whether economic diplomacy should be the top item on the official state foreign policy agenda, especially in relations with Turkey.

    "If we do not financially penetrate into Turkey now, we never will. Others will have done it," former foreign minister Mihalis Papaconstantinou told the seminar, stressing that "we have to establish at least a political framework to cover business transactions with the neighboring country."

    [14] Costas Karamanlis' entry into ND leadership race creates flurry of activity

    Athens, 21/02/1997 (ANA)

    A proposal by 30 main opposition New Democracy party deputies nominating ND deputy Costas Karamanlis for the party's presidency has prompted a series of internal meetings in view of the party's upcoming congress to elect a new leader.

    The 30 deputies met this past week at the initiative of ND Vice-President Ioannis Varvitsiotis, saying afterwards in a joint statement on Tuesday that "...the time has come for the election of a leadership from the new generation..."

    In accepting the proposal, Mr. Karamanlis, the nephew of ND founder and former president of the republic Constantine Karamanlis, said in a public statement that he was honored by the proposal and willing to do his duty "in the interest of the party and with a sense of responsibility."

    Meanwhile, close associates of ND leader Miltiades Evert on Wednesday maintained that he will run for the party's leadership, while sources close to ND deputy and former minister Dora Bakoyianni said she will continue to support the candidacy of George Souflias.

    They added, however, that due to the latest developments Ms Bakoyianni is open to suggestions for reviewing her position in the event that Mr. Evert will no longer run for the party's leadership.

    Ms Bakoyianni had a meeting with Mr. Souflias on Wednesday evening.

    ND deputy and former minister Mr. Souflias is also supported in his run-up to the party's leadership elections by ND deputy and former minister Stephanos Manos, with whom he met yesterday morning.

    Both Mr. Manos and Ms Bakoyianni were candidates for the party's leadership but withdrew their candidacies, announcing that they would support Mr. Souflias.

    According to sources close to Mr. Souflias, either Mr. Evert or Mr. Karamanlis will withdraw his candidacy.

    Yesterday, Mr. Souflias said candidacies should be clarified, adding that the issue "is not the persons, but their qualifications and the criteria."

    Party deputy and former minister Vyron Polydoras has also announced that he will run for ND's leadership.

    [15] Ioannina celebrates 84th anniversary of liberation from Turkish yoke

    Athens, 21/02/1997 (ANA)

    The 84th anniversary of the city of Ioannina's liberation from Turkish rule is being celebrated in three days of events to culminate in a parade through the city streets today by the armed forces, police, school children and scouts.

    Attending events in the Epirot capital are Health Minister Costas Geitonas, representing the government, main opposition New Democracy leader Miltiades Evert and Democratic Social Movement (DHKKI) leader Dimitris Tsovolas.

    This evening a celebration at the city's Cultural Center will be addressed by Ioannina University Professor D. Visvili-Donta on "Sealing a military victory: Mr. (Eleftherios) Venizelos and the Treaty of London, 30 May 1913."

    [16] Conference on satellite systems held

    Athens, 21/02/1997 (ANA)

    The National Meteorological Service in co-operation with the Greek Air Industry and the European organization on Exploiting Meteorological Satellites (EUMETSAT) yesterday organized a conference on satellite systems for the first time in Greece.

    The conference aimed at briefing Greek industries and other bodies on the possibilities of their participation in EUMETSAT's programs.

    Yesterday's conference focused on providing information for all Greek agencies related to aerospace work, the activities, role and duties of EUMETSAT and the creation of initial preconditions for future co-operation.

    The conference was addressed by the national defense minister's staff general director, Rihardos Kapellos, who praised the extent of the response shown, which he said proves the interest of Greek organizations and Greek industry in the possibility of participating in project tendering concerning EUMETSAT's satellite programs.

    [17] Striking high school teachers demonstrate in central Athens

    Athens, 21/02/1997 (ANA)

    Striking teachers, who on Wednesday said they would continue their six-week-old strike until all their wage and institutional demands were met, called for new talks with Education Minister Gerassimos Arsenis.

    Specifically, representatives from the Union of Secondary School Teachers (OLME) told a press conference they would not end their strike if wage increases and other claims were not met, namely, appointment of an extra 6,000 teachers in schools, reduced numbers of students in classes and resolution of all pension and social security issues.

    The press conference came a day after primary school and kindergarten teachers decided to end their three-week-old strike and return to classrooms.

    Teachers gathered outside the education ministry early yesterday morning and blocked the entrance after failing to convince ministry employees not to work yesterday as a show of support for their strike.

    There were scuffles shortly after 10 a.m. when police attempted to allow access to the building. The striking teachers retreated shortly afterwards and allowed employees to enter the building.

    At 12.30 p.m., however, students from 17 junior and senior high schools in Athens gathered outside the building and met with the ministry's secretary general to hand him a petition in support of teachers' demands.

    Government spokesman Dimitris Reppas said later yesterday there was no question of mobilizing teachers, stressing that there were still margins for the teachers to take the right steps and open the schools.

    Mr. Reppas said that while the government had taken a number of steps, teachers had not yet taken one, adding that the increases granted to teachers were the largest of all social groups.

    On his part, Education Minister Gerassimos Arsenis told Parliament late Wednesday night that while no one maintained that the issue of high school teachers' salaries had been satisfactorily resolved, there was no excuse for continuing the strike since a positive approach had been made and the government had improved the salary scale.

    [18] Greeks spend 646 billion drachmas on Lady Luck

    Athens, 21/02/1997 (ANA)

    Greeks gambled a massive 646.1 billion drachmas or approximately 2.4 billion dollars in 1996, compared to 494.5 billion drachmas (1.8 billion dollars) in 1995, according to figures released yesterday by the National Statistics Service (ESYE).

    Casinos earned the lion's share with a turnover of 241.6 billion drachmas (89 million dollars), marking a massive 273.1 per cent increase over the 1995 figure of 64.7 billion drachmas (240 million dollars).

    Of the 241.6 billion drachmas, privately-owned casinos, many of which opened only recently, raked in 230.3 billion drachmas, against 51.9 billion drachmas in 1995. State-controlled casinos earned 11.3 billion drachmas, compared to 12.8 billion drachmas in 1995.

    According to the ESYE, lottery tickets and instant lottery scratch cards accounted for 178 billion drachmas of the total in 1996, down on the 1995 figure of 190.3 billion drachmas.

    Punters gambled 168 billion dollars on the football pools, compared to 186.5 billion drachmas in 1995, while horse-racing bets accounted for 56.4 billion drachmas, against 52 billion drachmas in 1995.

    [19] Jan-Oct 1996 current accounts deficit rises

    Athens, 21/02/1997 (ANA)

    The current accounts deficit in January-October 1996 rose to $4.3 billion, compared to $3.0 billion in the corresponding ten-month period of 1995, according to figures released yesterday by the Bank of Greece. The bank said the increase was due to a 952.4 million dollar widening of the trade deficit coupled with a 302.8 million dollar reduction in the invisibles surplus.

    In October 1986, the current accounts deficit reached $646 million, compared to $627 million in the same month of 1995.

    [20] Amendment on pension fund's reserves passed

    Athens, 21/02/1997 (ANA)

    An amendment concerning the utilization of reserve deposits belonging to legal entities of public law and insurance funds was ratified in Parliament yesterday in the face of strong reaction by opposition parties.

    National Economy Minister Yiannos Papantoniou reiterated that the clause refers to existing legislation anticipating "compulsory" deposit of reserves with the Bank of Greece, only to the extent that they are not invested directly by the funds themselves or through commercial banks.

    "The deposition is formally compulsory, but in essence it is voluntary," he said.

    Mr. Papantoniou said the sole substantive intervention provided by the amendment in the management of funds takes place with the creation of joint deposit capital of legal entities of public law and insurance funds, which is managed by the Bank of Greece for investments in state securities and without intervention by the finance ministry.

    Labor and Social Security Minister Miltiades Papaioannou said the appropriate utilization of the funds' reserves will solve many problems, adding that management by the Bank of Greece will be facilitated with the joint capital created.

    Main opposition New Democracy Parliamentary representative Dimitris Sioufas said the issue was created by the government itself and the fact it "amended the amendment" means the minister acknowledges that he was mistaken.

    Democratic Social Movement (DHKKI) leader Dimitris Tsovolas, Coalition of the Left and Progress (Synaspismos) leader Nikos Constantopoulos and the representative of the Communist Party of Greece (KKE) Stratis Korakas called for the amendment's withdrawal.

    KKE walked out before the issue was put to the vote and after Mr. Korakas termed the amendment "shameful" and said "it is money belonging to working people and nobody can use it for gambling."

    Mr. Constantopoulos pondered "how a non-existent and insignificant issue, in the national economy minister's view, created such a political and social turmoil", adding that he does not understand on which social basis the government rests its policy.

    Mr. Tsovolas said the amendment burdens insurance funds with two billion drachmas from management costs despite the fact that the Bank of Greece takes the reserves from them and manages them at will without asking.

    [21] OTE to unveil new mobile phone at TIF

    Athens, 21/02/1997 (ANA)

    The Hellenic Telecommunications Organization (OTE) will unveil its first mobile telephone at the annual Thessaloniki International Fair in September.

    Making the announcement yesterday, OTE president Dimitris Papoulias said that a subsidiary - COSMO-OTE - had already been set up and would be responsible for the organization's cellular phone activities.

    Mr. Papoulias said the subsidiary's share capital would total 100 billion drachmas, of which half would be paid in from OTE's own capital while the remainder would be borrowed funds. OTE will be entering the Greek mobile phone market with a partner, to be selected after evaluation of offers from three companies - Airtats, Telenor and Orange.

    The offers, he added, would be submitted by the deadline of February 28 and the competent evaluation committee would convene prior to March 10 and give its recommendation to OTE's board of directors. The successful bidding company will purchase 30 per cent of COSMO-OTE's shares. The mobile phone market in Greece is currently divided between two companies -Telestet and Panafon.

    [22] Athens bourse sees six-year high in prices

    Athens, 21/02/1997 (ANA)

    Stock prices soared to a six-year high at the Athens Stock Exchange yesterday with the general price index closing at 1,306.46 points, up 1.69 per cent.

    Stocks have been gearing up for the assault on the 1,300 point barrier since the beginning of the year, with profits increasing by 40 per cent. The general price index last broke through the 1,300 point barrier in April, 1991.

    The bullish sentiment is primarily due to the significant fall in inflation rates, which is expected to continue this month, the subsequent fall in interest rates and the government's intention to speed up privatization of state-run firms.

    Investment interest at yesterday's session was centered on bank stocks, which saw an increase of 3.44 percent.

    Turnover was also impressively high, totaling 23 billion drachmas.

    [23] ELBO looks into manufacturing Greek car

    Athens, 21/02/1997 (ANA)

    The Hellenic Vehicles Industry (ELBO) has announced it is to look into the construction of a light, multi-use vehicle, initially for the local market, making use of opportunities the European Union is offering defense industries to turn to the open market .

    Within 1997, ELBO is to examine possibilities for producing a vehicle for the commercial market, within the framework of the EU's KONVER II program aimed at helping defense industries convert part or all of their production from defense to the open market.

    The program's budget stands at 840 million drachmas over three years. ELBO says that within 1997, 410 million drachmas should be absorbed.

    [24] Athens court convicts eight suspects in MAVI case

    Athens, 21/02/1997 (ANA)

    An Athens court yesterday sentenced eight men to jail terms of between three and four and a half years after convicting them on charges of possessing, transferring and concealing weapons.

    The eight had been accused of being members of the Northern Epirus Liberation Front (MAVI).

    The court, convening over a number of days, found all eight guilty but converted the charge from a felony to a misdemeanor and acknowledged the fact that they had no prior convictions.

    After the court's verdict the defendants appealed their sentences and were released.

    Defendants claimed that they had found the weapons by chance while on a hunting trip, when seven of the suspects had been arrested near Delvinaki, Ioannina prefecture, in March 1995.

    All eight had also been initially charged with participation in a bloody incident which took place in the village of Episkopi, Albania, in April 1994, in which a clash at an Albanian army recruiting center there had left three Albanian soldiers dead and two wounded.

    However, the eight suspects were later acquitted of the charge.

    [25] Internet site for overseas Greeks

    Athens, 21/02/1997 (ANA)

    A site on the Internet for overseas Greeks was presented yesterday at a ceremony attended by Foreign Minister Theodoros Pangalos and the foreign ministry's political leadership, as well as political party leaders. The site will provide information to the Greeks of the Diaspora on foreign policy, educational and cultural issues as well as public services.

    [26] Photo exhibition on Greeks of Istanbul

    New York, 21/02/1997 (ANA - M. Georgiadou)

    A photographic exhibition on the Greeks of Istanbul (Constantinople) is to open at the Greek Culture Foundation here on March 2, and will run until April 6.

    The event coincides with the circulation of the English edition of a book entitled "The Miracle - A True Story" by Leonidas Koumakis, which describes the sufferings of Istanbul's ethnic Greeks in 1955 and 1964.

    [27] Romeos confident Iraklio bombing suspects will be brought to justice

    Athens, 21/02/1997 (ANA)

    Public Order Minister George Romeos yesterday expressed his certainty that the perpetrators of a bomb attack on a police chief's car in Iraklio will be caught.

    The car had been booby-trapped and exploded when the law enforcement official's wife, Georgia Soldatou, turned the key in the ignition. She is currently being treated in a local hospital with serious injuries, including a severed leg.

    Mr. Romeos, speaking from Iraklio, said the investigation would follow all leads, both in Crete and elsewhere, but added that there would be no announcement by the public order ministry or by police "until we have specific results."

    He added that one million drachmas has already been provided for the Soldatos family, and that all hospital expenses for Ms Soldatos would be met by the ministry.

    Speaking after a meeting at the Iraklio police headquarters, Mr. Romeos said that recent reports on the crime rate in Iraklio are misleading, adding that the crime rate had actually fallen, and not risen.

    He said the island's most serious crime problems were the possession of weapons and the cultivation of hashish, which he said must be dealt with.

    "I want to assure the people of Crete that they must not worry as we have very able (crime fighters) on the island," he said.

    End of English language section.


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