Athens News Agency: Daily News Bulletin in English, 97-03-13
From: The Greek Press & Information Office, Ottawa Canada <[email protected]>
ATHENS NEWS AGENCY BULLETIN (No 1137), March 13, 1997
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: [email protected]
CONTENTS
[01] Pangalos, Kranidiotis to visit Albania on Friday, PM announces
[02] Pangalos
[03] Gov't spokesman
[04] Opposition
[05] Olympic plane unable to land in Tirana
[06] Tzoumakas steps up effort for EU humanitarian aid to Albania,
Bulgaria
[07] Premier defends modernization policy
[08] Simitis says Greek policy vis-a-vis Turkey pursues peace,
stability
[09] .... and on FYROM, Cyprus
[10] WEU parliamentarians conference in Athens focuses on Albania
[11] Four ND leadership candidates fail to agree on two party charter
issues
[12] Parliament rejects motion to lift V. Papandreou's legal immunity
[13] Austrian defense minister visits ELBO's Thessaloniki facilities
[14] Poland's parliament speaker begins Athens visit
[15] Stephanopoulos, Herzog meet
[16] Gov't says Ankara's positions still not in line with July 15 EU
statement
[17] Report says Athens' environment will dramatically improve by 2004
[18] IAAF council slated for Athens in May
[19] Price reduction for new 'Euro-vignette' in Greece for 2 years
approved
[20] Parents' lawsuit against secondary teachers' strike before court
[21] Banking sector to undergo sweeping changes
[22] Greek participation at New York trade exhibition
[23] Simitis to meet shipowners on Monday
[24] Mutual funds' total assets increased
[25] Helicopter repair center at Hellenikon
[26] Three new employment subsidization programs
[01] Pangalos, Kranidiotis to visit Albania on Friday, PM announces
Athens, 13/03/1997 (ANA)
Greece will dispatch Foreign Minister Theodoros Pangalos and
Foreign Under-secretary Yiannos Kranidiotis to Tirana tomorrow
as part of a mediation effort to defuse the explosive situation
in Albania, Prime Minister Costas Simitis announced during a
televised interview last night.
"Greece will seek to avert confrontation and bloodshed, which
would, besides other things, create a wave of refugees that we
would not be able to deal with," he said, adding that the
foreign minister will also meet with insurgents' leaders in
southern Albania.
The premier denied speculation about Greek-Italian antagonism
concerning the Albanian crisis, stressing that he was in contact
with his Italian counterpart Romano Prodi, while Mr. Pangalos
spoke with his counterpart Lamberto Dini, in order to promote
the common aim of averting bloodshed in favor of a political
solution.
He emphatically rejected Italian press reports about Greek
involvement in the Albanian crisis.
"There are 200,000 Albanians in Greece. This does not mean that
Greece fuels and directs the rebellion," he said.
[02] Pangalos
Athens, 13/03/1997 (ANA)
On his part, Mr. Pangalos said yesterday that he hoped military
intervention would not occur in Albania.
"The Greek government wishes that military intervention, even in
the form of a peacekeeping force, does not take place in the
neighboring country since this would signal a general conflict
in the region," Mr. Pangalos told Parliament's external affairs
committee.
Stressing that Athens has held and continues to hold open
communication channels with all opposing sides in neighboring
Albania, Mr. Pangalos denied accusations claiming that the
government has given excessive support to Albanian President
Sali Berisha .
Saying that he believed the international community and the
United States will soon lift their confidence in the Albanian
president, the Greek minister expressed reserved optimism for a
quick solution to the Albanian problem, "because the domestic
environment in Albania is unstable."
Mr. Pangalos, however, ruled out the possibility for an outbreak
of civil war, stressing that Mr. Berisha had no control over the
country's armed forces.
Meanwhile, an AFP dispatch from Rome reported that Italian
Foreign Minister Dini yesterday had a telephone conversation
with Mr. Pangalos in order for the two countries to coordinate
their actions on the Albania issue.
"The conversation confirmed the complete agreement and identical
points of view regarding the Albanian crisis," Mr. Dini noted,
according to an Italian foreign ministry announcement. Italy and
Greece are in the "front line" to attempt to solve the Albanian
crisis, the announcement added.
[03] Gov't spokesman
Athens, 13/03/1997 (ANA)
On his part, government spokesman Dimitris Reppas said recent
developments on the political front in the neighboring country
gave rise to "guarded optimism" for a resolution of the crisis.
"We hope that following the appointment of a prime minister the
attempts to form a national unity government will bear fruit,"
he said, adding that armed rebels "played a role" and could not
be ignored in political developments. Mr. Reppas said that there
was a possibility of a representative of the Greek government -
probably Foreign Under-secretary Yiannos Kranidiotis - visiting
Albania soon and that his contacts would include meetings with
representatives of the rebels.
Mr. Kranidiotis visited Tirana last Saturday to meet with Mr.
Berisha and members of opposition parties.
Responding to charges that Athens was supporting Mr. Berisha,
Mr. Reppas said that "previous (non PASOK) governments flirted
with him (Berisha), as with other leaders in the Balkans who
ended up turning against our country".
"The government is bolstering ties with Albania to the benefit
of the Greek minority as well as security and stability in the
region," he said. In another development, National Defense
Minister Akis Tsohatzopoulos discussed the Albanian crisis
during a meeting with his Austrian counterpart Werner Fasslabend
yesterday morning.
The two ministers also focused on co-operation regarding the
expansion of NATO and within the European Union.
With regard to Albania, the two ministers agreed that the
instability was a problem for the broader region.
"The most important thing for Europe is for the crisis to be
restricted and we must do everything we can to ensure it does
not spread outside Albania," Mr. Fasslabend said.
[04] Opposition
Athens, 13/03/1997 (ANA)
Commenting on developments in Albania, main opposition New
Democracy leader Miltiades Evert called for the Greek
government's intervention in order to make Athens' presence felt
in the neighboring country.
"The government should as of tomorrow (today) be present in
developments," Mr. Evert said, adding that the situation in
Albania worsened by the hour.
Mr. Evert said that in the event a new government is formed in
Albania, Mr. Pangalos should visit the country immediately.
[05] Olympic plane unable to land in Tirana
Athens, 13/03/1997 (ANA)
Back in Albania, an Olympic Airways plane sent to Tirana from
Athens to take the Greek ambassador to Corfu was unable to land
and flew back after the control tower cited problems at Tirana's
airport.
The Greek ambassador was to travel to Corfu to board a naval
vessel that will carry humanitarian aid to the Albanian port of
Sarande today. No explanation had been given by last night on
the cancellation of the aircraft's landing in the Albanian
capital .
[06] Tzoumakas steps up effort for EU humanitarian aid to Albania,
Bulgaria
Athens, 13/03/1997 (ANA)
Agriculture Minister Stephanos Tzoumakas is making efforts to
guarantee 12 billion drachmas-worth of food aid for Albania and
Bulgaria from the European Union.
In a letter to EU Agriculture Commissioner Franz Fischler, Mr.
Tzoumakas requested that the issue be included in the agenda of
the Council of Agriculture Ministers, which is due to convene in
Brussels next week.
In his letter, Mr. Tzoumakas said the two Balkan countries are
in urgent need of food aid as their economies are collapsing due
to a lack of administration and organization during their switch
to a market economy.
He added that both countries are facing severe shortages of
basic foodstuffs such as bread and milk, and that the EU has
significant funds for food aid. In this year's EU budget, he
said, 153 billion drachmas have been earmarked for food aid to
developing countries.
The Council of Agriculture Ministers can call on the commission
for the "safe provision of adequate food aid" to both countries.
[07] Premier defends modernization policy
Athens, 13/03/1997 (ANA)
Prime Minister Costas Simitis said a modernization policy being
implemented by the government is a "left-wing policy".
In an interview with the private Mega and Antenna television
stations as well as the state-run ET-1 network late last night
and in reply to relevant questions, Mr. Simitis rejected
characterizations concerning a "right-wing and left-wing groups"
within ruling PASOK, used by several party cadres recently, and
opposed the use of labels in an internal confrontation, saying
that he prefers "confrontation of arguments."
Mr. Simitis said a characteristic of government policy is not
the replacement of the state by the market but the consolidation
of the state's attitude, adding that this is a leftist policy by
PASOK and also a leftist government policy.
He said the government's image is improving and that he himself
does not consider himself a "premier-master" but as a conductor
of an orchestra which needs rehearsals to produce a better
result. He said the government is clearly improving in relation
with co-operation between its members as well as efficiency and
collectiveness which, he said, is much better now than at the
beginning.
Replying to questions on the government's economic policy, Mr.
Simitis said this policy serves the entire population and not
those who "have and own" and that objections to the contrary are
unsubstantiated.
Mr. Simitis said debts in the public sector were created by past
governments and that an effort is being made to increase
revenues from sources which did not yield revenues in the past.
He also said that as long as the informal economy exists
consolidation of social justice will be delayed.
He explained the imposition of new taxes after the elections,
saying that it was ascertained that restricting expenditures in
the public sector is not enough to achieve the main target set,
namely, the equal participation in European unification.
Mr. Simitis underlined that the new taxes, such as the tax on
real estate, and taxation of state securities does not increase
income tax but deals a blow at those "who have and own".
On the question of absorption of European Union funds, Mr.
Simitis said that despite the fact that absorption currently
amounts to 65-70 per cent, he is pressuring ministers to achieve
a better performance.
Referring to farmers' mobilizations, Mr. Simitis said takeovers
of national motorways were extreme acts, adding that the
government proceeded with satisfying all the claims which could
be met.
Commenting on teachers' strikes, Mr. Simitis said that if they
return to classrooms they will not return with their heads
lowered because they have already achieved a great deal with
their mobilizations. He said educators can be considered as
being badly paid, compared to remuneration they ought to have,
but they are not badly paid.
[08] Simitis says Greek policy vis-a-vis Turkey pursues peace,
stability
Athens, 13/03/1997 (ANA)
Prime Minister Costas Simitis said last night during a televised
interview that Athens' policy concerning Greek-Turkish relations
was based on the pursuit of peace and stability in the region.
"We pursue peace not only because a (military) adventure would
be negative and will have a cost in human lives but also because
any war would lead Greece to the negotiating table, which it
does not want."
Mr. Simitis said Greece does not want Turkey to be excluded from
Europe, adding that Athens would stand to benefit from the
development of Euro-Turkish relations on the condition, however,
that the political problem created by Turkey's territorial claim
s against Greece will be resolved.
He reiterated that Turkey must raise whatever claims it has at
the International Court at The Hague and then the issue of the
continental shelf should be referred to the court, adding that
when these two issues are clarified, relations with Turkey can b
e developed.
He said Greece does not favor a universal denial against
co-operation with Turkey and said as an example that it does not
raise an issue of a Moslem identity to block Euro-Turkish
relations, as was mentioned in the recent decision taken by the
European Christian Democrats.
[09] .... and on FYROM, Cyprus
Athens, 13/03/1997 (ANA)
Regarding the pending issue concerning the name of the Former
Yugoslav Republic of Macedonia (FYROM), Mr. Simitis avoided
making any statement, saying that negotiations are underway.
However, he announced that consultations under the auspices of
UN mediator Cyrus Vance are reaching their end and that FYROM
will have to state its final decisions.
On Cyprus, Mr. Simitis said resolving the island republic's
problem depends on initiatives, proposals and, of course,
answers of the Turkish side.
"We want the Cyprus issue to be resolved in a way safeguarding
the implementation of UN resolutions, the existence of a Cypriot
state which will be able to function and allow both communities
to develop without interventions by third parties. We want a
just and viable solution to the Cyprus issue... so far, we have
not seen any specific and overall proposals," he concluded.
[10] WEU parliamentarians conference in Athens focuses on Albania
Athens, 13/03/1997 (ANA)
Addressing the Western European Union's (WEU) parliamentary
conference in Athens yesterday, Alternate Foreign Minister
George Papandreou said Greece and its European Union partners
understood the need for immediate action in the neighboring
country.
Delegates during yesterday's session focused on developments in
Albania. "There is hope that the crisis will be resolved without
weapons," Mr. Papandreou said, warning that destabilization
harbors dangers not only for Albania but also for its neighbors.
Regarding NATO and WEU relations and the future of the WEU in
view of expected enlargements in both organizations, Mr.
Papandreou said that NATO, the Western European Union and the
European Union participated equally in building Europe's new
security structure.
"The dangers for peace in today's Europe do not emanate from
specific enemies and adversaries," Mr. Papandreou said, adding
that the root of these dangers is found in social inequalities,
poverty and illegal immigration.
Referring to WEU's enlargement, National Defense Minister Akis
Tsohatzopoulos said it was not possible for all NATO members to
become WEU members "because in this case there would be no
differentiation between the two organizations."
Concluding his speech, Mr. Tsohatzopoulos said that peaceful
settlement of differences on the basis of international law
should constitute one of the basic commitments for all European
countries.
Parliamentarians from WEU member-states arrived in Athens on
Tuesday to discuss relations with NATO and the future of the
organization.
[11] Four ND leadership candidates fail to agree on two party charter
issues
Athens, 13/03/1997 (ANA)
The four contenders for main opposition New Democracy party's
leadership post held another meeting yesterday to try to work
out a common proposal regarding reforms to the party's charter,
in view of a three-day ND congress due to take place on March 20.
The meeting was held in the presence of ND congress organizing
committee chairman and former prime minister George Rallis.
Specifically, the four candidates failed to agree on two
principle issues regarding amen-dments to the charter.
Deputy Costas Karamanlis disagreed with a proposal for the
election of the party's leader by the congress on the first day
of its session, while deputy George Souflias insisted that the
leader's mandate be institutionalized.
The other two contenders are current party leader Miltiades
Evert and Vyron Polydoras.
After long talks the four agreed on a number of points including
the holding of the party congress every two years and other
institutional and structural issues.
Speaking to reporters after the meeting, Mr. Karamanlis said the
discussion had been "substantial and constructive," expressing
reservations, however, at the proposal to hold party leadership
elections on the first day of the congress.
Mr. Souflias said it was self evident that the result will be
acceptable by all the contenders, expressing opposition, though,
at the proposed institutionalization of the party leader's
mandate.
[12] Parliament rejects motion to lift V. Papandreou's legal immunity
Athens, 13/03/1997 (ANA)
Parliament last night rejected a motion for the lifting of
Development Minister Vasso Papandreou's parliamentary immunity
with 111 votes against and 103 in favor.
The motion had been raised after a lawsuit was filed against her
for libel by main opposition New Democracy deputies Theodoros
Kassimis and Triantafyllos Bellos.
The two ND deputies claimed that the minister had questioned
their integrity as members of a parliamentary committee
investigating the now defunct Floisvos casino license affair.
[13] Austrian defense minister visits ELBO's Thessaloniki facilities
Athens, 13/03/1997 (ANA)
National Defense Minister Akis Tsohatzopoulos and his Austrian
counterpart Werner Fasslabend yesterday expressed certainty
regarding the expansion of the two countries' co-operation in
the defense sector, during a visit to the installations of the
Hellenic Vehicles Industry (ELBO) in Thessaloniki.
ELBO makes armored personnel carriers, military and civilian
trucks, fire engines, buses etc.
ELBO president Lykourgos Sakellaris referred to the company's
co-operation with the Austria-based Stayer company, stressing
that it would be expanded, and that ELBO was in a position to
respond to the requirements of the Greek armed forces.
In addition, the Austrian minister also noted what he called the
excellent co-operation between Greek and Austrian troops
stationed in Bosnia. Mr. Fasslabend was to visit the other
defense industry installations in Thessaloniki and to attend a
dinner given in his honor by Macedonia-Thrace Minister Philippos
Petsalnikos.
[14] Poland's parliament speaker begins Athens visit
Athens, 13/03/1997 (ANA)
Polish parliament president Josef Zych and his Greek counterpart
Apostolos Kaklamanis held discussions yesterday on a wide-range
of issues related to bilateral relations, NATO enlargement,
security problems in Europe, the continuing Turkish occupation
of Cyprus and Ankara's provocativeness in the Aegean as well as
prospects for Poland's integration into European structures.
Mr. Zych began a three-day visit to Athens yesterday at the head
of a Polish parliamentary delegation.
The two sides agreed on the need for building a new security
system for Europe, with the largest possible participation of
European countries.
He also stressed that Warsaw supports the independence and
territorial integrity of Cyprus, and stated his opposition to
the self-styled and illegal "Turkish republic of northern
Cyprus", a Greek Parliament statement said.
The Polish official thanked his counterpart for Greece's warm
support for his country's European integration.
On his part, Mr. Kaklamanis commented on the progress Poland has
been recording lately and on its European character and
orientation.
Mr. Zych is scheduled to meet with President of the Republic
Kostis Stephanopoulos, Alternate Foreign Minister George
Papandreou, main opposition New Democracy party leader Miltiades
Evert and other party leaders.
[15] Stephanopoulos, Herzog meet
Athens, 13/03/1997 (ANA)
President of the Republic Kostis Stephanopoulos yesterday met
with visiting German President Roman Herzog, who is in Greece on
a private visit.
Mr. Herzog on Tuesday received an honorary doctorate from the
Athens University Law School. The two presidents exchanged views
on bilateral relations and the international situation, with
emphasis on the Balkans and the Albanian crisis and
Greek-Turkish relations and Cyprus.
[16] Gov't says Ankara's positions still not in line with July 15 EU
statement
Athens, 13/03/1997 (ANA)
Government spokesman Dimitris Reppas said yesterday Ankara's
positions, as set out in a letter addressed to the European
Union's Dutch presidency by Turkish Foreign Minister Tansu
Ciller, are not in line with the EU's positions as mentioned in
the document of July 15.
Mr. Reppas, who was replying to a relevant question, said the
Greek position will be shaped in this framework at the
forthcoming EU Council of Ministers' session which, among
others, will handle the issue of the funding Turkey through the
EU-Turkey customs union.
[17] Report says Athens' environment will dramatically improve by 2004
Athens, 13/03/1997 (ANA)
A report commissioned by the Athens 2004 Olympics committee has
concluded that the Greek capital in 2004 "will be a clean city,
without air pollution or traffic problems and with more green
spaces."
The report, conducted by Greek and foreign researchers, concerns
the repercussions of major public works projects and was
released yesterday.
The report asserts that the public works projects currently
underway will significantly improve the quality of life in the
Greek capital in time for the 2004 Olympic Games, which Athens
hopes to host.
The International Olympic Committee recently put Athens
alongside Rome as front-runners for the 2004 Games, but stressed
that Athens' suffocating air pollution is the greatest obstacle
to the Greek capital's bid.
On its part, the report noted that since 1990 smog levels in the
greater Athens area have shown a gradual reduction and that the
completion of the underground metro system, the international
airport at Spata, construction of a number of major road axes
and the introduction of natural gas in industry will contribute
significantly in further reducing air and noise pollution.
Meanwhile, an Athens 2004 action plan will relate to planning
and construction of sports facilities, land use, transport,
energy, environmental management and other factors.
"The holding of the Games by Athens will be a unique Olympic
experience... our strategy combines the dynamic growth of the
country, the existing infrastructure and the experience of
organizing international athletics meetings with a unique
heritage - the relationship of Greek civilization with the
Olympic spirit," said the president of the Athens 2004 committee
Yianna Angelopoulou-Daskalaki.
[18] IAAF council slated for Athens in May
Athens, 13/03/1997 (ANA)
The International Amateur Athletics Federation (IAAF) council is
to be held in Athens on May 28-29, IAAF Secretary General Istvan
Gulai told members of the "Athens '97" organizing committee and
the Greek Amateur Athletics Association (SEGAS) during their
meeting yesterday.
Representatives of the organizing committee said that on the
first day of the World Athletics Championships, due to be held
in Athens between Aug. 1-10, a commemorative stamp for the event
will be issued.
The official progress report for Athens '97 will be presented to
the IAAF at the sidelines of the World Cross Country
Championships, to be held in Turin on March 21-23.
In a related development, representatives of 10 foreign
broadcasting networks were briefed on the world championships,
about the program of events, camera positioning and commentator
boxes, among others. The television press center will open on
July 26.
The US television network NBC, the German ZDF and ARD and the
Japanese TBS have requested the use of a total of 1,500 square
meters for coverage. The two German channels are to send 150
sports reporters and technicians, with NBC sending 100 and the
BBC and TBS sending 70 each.
Television representatives are to be shown the marathon route
today, which runs from Marathon to the Panathenian Stadium in
Athens.
[19] Price reduction for new 'Euro-vignette' in Greece for 2 years
approved
Brussels, 13/03/1997 (ANA - P. Pantelis)
The European Union transport Ministers' Council yesterday
approved a Commission proposal for a 35 per cent reduction in
the price of the new "Euro-vignette" (circulation tax) for two
years in Greece, Portugal and Ireland.
During yesterday's session, Transport Under-secretary Manolis
Loukakis argued, along with his Finnish and Austrian
counterparts, that Community programs for combined forms of
transport should include provisions of finance for intermediate
third countries and connecting different member-states by road.
Greece also called for inclusion of sea freight in combined
transport. It was eventually decided to finance community
programs with ECU 35 million, but only for member-states.
[20] Parents' lawsuit against secondary teachers' strike before court
Athens, 13/03/1997 (ANA)
An Athens labor disputes court yesterday heard an injunction by
four parents, who are requesting that secondary teachers'
continuing strike be declared illegal.
The plaintiffs argue in their motion that the strike - now into
its ninth week - is causing an excessive hindrance to the
exercise of the constitutionally established right of education
for their children. They also argue that the strike is abusive
on account of its duration and the damage done to the education
sector.
Defense attorneys argued that the parents did not have the right
to ask that the strike be declared illegal because this
abolished the constitutionally established right to strike. Only
the education ministry had the right to have recourse to court,
they added.
The court is expected to rule on the case on Friday or Saturday.
Meanwhile, government spokesman Dimitris Reppas reiterated that
the government had made important steps towards meeting the
economic and other demands of striking teachers. He said the
margins for granting additional pay increases to educators had
been exhausted, and appealed to them to return to the classrooms
so that a debate on institutional issues may begin.
On their part, teacher union (OLME) representatives in
Thessaloniki announced that they were resolved to continue the
strike even if it was declared illegal.
[21] Banking sector to undergo sweeping changes
Athens, 13/03/1997 (ANA)
National Economy and Finance Minister Yiannos Papantoniou
yesterday outlined sweeping changes planned to make the Greek
banking sector more effective and competitive on an
international level.
"The basic government philosophy in the banking sector is the
creation of relatively large banking units with diversified
activities as well as increased (minority) stakes in the share
capital of state-run banks," Mr. Papantoniou told bankers at the
General Assembly of the Association of Greek Banks.
He said the first concrete indications of this philosophy would
be seen in the next few months with the immediate re-tendering
of Cretabank, the continuation of reforms of the Agricultural
Bank of Greece into a modern commercial bank and the sale of the
Bank of Central Greece.
Moves to merge the Ionian and Commercial banks and the National
Housing and Mortgage banks would be well under way by the end of
the year, he added.
"In 1997 the Greek economy will be back on the right track with
low fiscal deficits, low inflation and relatively high growth
rates," Mr. Papantoniou said.
GDP growth this year would increase by 3.3 percent, he said,
meaning "for the second consecutive year Greece will really be
converging with the European Union".
Bank of Greece Governor Lucas Papademos announced that all
current restrictions on foreign exchange accounts in Greek banks
would be lifted soon.
Mr. Papademos told the meeting that commercial banks needed to
modernize to become more competitive and effective, adding that
"size is not automatically an indicator of success".
The main prerequisites for growth in the banking sector, he
said, were the reduction of operating costs, the expansion of
portfolios and the reduction of risks, warning state-run banks
of the dangers of the lack of competitiveness and "bureaucratic
mentalities".
His comments were echoed by National Bank of Greece Governor
Theodoros Karatzas, who said that any delay could be "fatal" for
the future of the Greek banking sector. Mr. Karatzas said it was
imperative that there be institutional reforms such as t he
abolition of the special bank charge, EFTE, which would reduce
the cost of lending and commercial banks' deposits at the
central bank.
The Greek banking system is "a petrified forest", Mr. Karatzas
said, saying he was in favor of the strengthening of Greek banks
with the improvement of credit ratings and better utilization of
human resources.
[22] Greek participation at New York trade exhibition
Athens, 13/03/1997 (ANA)
The Hellenic Foreign Trade Board (HEPO) announced a Greek
participation in the international foodstuffs and beverages
exhibition "Interna-tional Fancy Food and Confection Show" in
New York, from June 29 to July 2. The products to be displayed
at the exhibition will include dairy products, pasta, honey,
olive oil, olives, wines, mineral water, marmalade, specialties,
confectionery products and canned goods.
For more information call 99.82.204.
[23] Simitis to meet shipowners on Monday
Athens, 13/03/1997 (ANA)
Prime Minister Costas Simitis will have a meeting on Monday with
the presidium of the Greek Shipowners Union. Merchant Marine
Minister Stavros Soumakis will attend the meeting. Speaking to
the press, Mr. Soumakis said yesterday the meeting will focus on
measures to reinforce the competitiveness of the Greek merchant
fleet as well as employment issues.
[24] Mutual funds' total assets increased
Athens, 13/03/1997 (ANA)
Total assets of mutual funds increased by 60.8 per cent in 1996
compared to 1995 and amounted to 3.9 trillion drachmas by Dec.
31, 1996.
Moreover, four new mutual fund management companies were added
to the mutual fund sector, as well as 29 new mutual funds of
various categories, and as a result the number of mutual fund
management companies amounted to 30 at the end of 1996 and the
number of mutual funds to 150.
The above figures were released by the Union of Institutional
Investors. According to the data, amounts invested in mutual
funds as of Dec. 31, 1996 constituted about 24 per cent of
deposits made with banks by private persons, compared to 16.3
per cent as of Dec. 31, 1995.
[25] Helicopter repair center at Hellenikon
Athens, 13/03/1997 (ANA)
Olympic Aerospace will acquire a helicopter repair center at
Hellenikon's western airport in a year's time.
According to a contract signed yesterday by representatives of
Olympic Aerospace and Eurocopter, the investment will amount to
200 million drachmas in the initial stage, and aims at the
repair and maintenance of helicopters from Greece, Bulgaria, the
Former Yugoslav Republic of Macedonia (FYROM), Cyprus and Malta.
The company also intends to transfer to Thessaloniki in the
future.
[26] Three new employment subsidization programs
Athens, 13/03/1997 (ANA)
Three new business and young self-employed professionals
subsidization programs will be implemented for the creation of
872 new jobs, according to a labor ministry announcement.
The programs concern unemployed people between 16-64 years of
age, who completed their training at certified Vocational
Training Centers in the framework of European Union employment
initiatives.
End of English language section.
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