Athens News Agency: Daily News Bulletin in English, 97-07-16
From: The Greek Press & Information Office, Ottawa Canada <[email protected]>
ATHENS NEWS AGENCY BULLETIN (No 1238), July 16, 1997
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: [email protected]
CONTENTS
[01] Government pledges to stay on convergence course
[02] Greece to revise EU fund package
[03] Kranidiotis kicks off Middle East tour with Cairo visit
[04] Czech PM in Athens tomorrow for official visit
[05] Karamanlis sends condolences for murdered Spanish councilman
[06] Gov't denies report on Spanish royals
[07] First F-16 refurbished in Greece
[08] ND leader briefs president on concerns over Madrid accord
[09] Papoutsis says EU won't succumb to Turkish threats
[10] Tsohatzopoulos begins Caucasus tour with talks in Yerevan
[11] Gov't to respond to Yilmaz letter towards EU
[12] Constantopoulos, Tsovolas visit ESHEA headquarters
[13] Another 4 IOC delegates briefed on Athens' Olympic bid
[14] Delphic Celebrations open today
[15] ESHEA takes stance on Turkish journalists' persecution
[16] PASOK Central Committee to meet in Nafplio
[17] Premier to address PASOK's farm sector unionists
[18] Parliament appoints OSE, ELTA directors
[19] Premier at the disposal of party leaders for briefings, Gov't
says
[20] Arsenis' letter spells out his views on Greek-Turkish communiqui
[21] Government comment on pharmacists' strike
[22] Trucks banned from highways on weekends
[23] Army officer shot dead
[24] New port terminal, motorway credits approved
[25] Negotiations for Bank of Central Greece's purchase deadlock
[26] Greek equities slip on profit-taking
[27] Commission takes action against Belgium, France, Germany, Greece
[28] Strong corporate profits seen driving up Greek bourse
[29] Greek transport, communications unions agree to strike truce
[30] EU adopts report on tourism
[31] Cyprus in first group for European Union expansion
[01] Government pledges to stay on convergence course
Athens, 16/07/1997 (ANA)
The government yesterday pled-ged to keep to targets contained
in its plan to converge the economy with other European Union
countries despite changing conditions within the EU, National
Economy and Finance Minister Yannos Papantoniou said.
"Our assessment is that developments are not upsetting our own
economic planning. We remain firm and dedicated to the program
we have been implementing," Mr. Papantoniou told reporters.
He was speaking after a meeting chaired by Prime Minister Costas
Simitis to discuss developments in the EU, particularly in
Germany and France, and how they would affect economic and
monetary union.
Also attending the meeting was Bank of Greece governor Lucas
Papademos.
Replying to questions on whether the government intended to
impose any new economic measures this year, Mr. Papantoniou said:
"There will be absolutely no measures during the present year.
The budget is going according to plan, inflation has a clear
downward tendency and, overall, the economy is keeping to
targets set by the government." A preliminary meeting on
economic policy for 1998 would be held today but formal
discussion would begin in the autumn linked to preparation of
the budget, Mr. Papantoniou said.
Asked whether there was concern at the Bank of Greece about this
week's sharp rise of the dollar against the drachma, Mr.
Papademos said he saw no repercussions on Greece's foreign
exchange policy. "These fluctuations reflect various factors
which affect the dollar's parity on international markets," Mr.
Papademos said.
He also said foreign currency restrictions for Greeks would be
lifted in July.
[02] Greece to revise EU fund package
Athens, 16/07/1997 (ANA)
Greece plans to speed up the implementation of European Union
funded projects and partly revise the second Community Support
Framework (CSF), National Economy Under-secretary Christos
Pachtas said yesterday. Speaking after a meeting chaired by
Prime Minister Costas Simitis, Mr. Pachtas said the reallocation
of 1994-99 funds was to enable completion of as many projects as
possible before introduction of the third CSF, known as the
Santer package, due in 2000 after EU enlargement.
Projects not already funded under the second CSF would be
accelerated by transferring EU moneys from slow moving projects,
he said.
Mr. Simitis was briefed on implementation of the public
investments program during the meeting, which was also attended
by Finance Under-secretary Nikos Christodoulakis. According to
figures presented by Mr. Pachtas, implementation of EU-funded
projects in first-half 1997 showed a 98 percent increase against
the corresponding period of 1996.
A total of 725 billion drachmas in CSF funds were spent last
year, with a 71% absorption rate for 1994-96.
[03] Kranidiotis kicks off Middle East tour with Cairo visit
Cairo, 16/07/1997 (ANA - V. Mourtis)
Foreign Under-secretary Yiannos Kranidiotis kicked off a six-day
Mideast tour yesterday with a visit to the Egyptian capital.
His tour of the area will focus on improving relations with
Mideast countries as well as promoting Greece's role in
assisting with the region's peace problem.
Following separate meetings with Egyptian Foreign Minister Amr
Mousa and Foreign Under-secretary El Safty, Mr. Kranidiotis said
the atmosphere was positive for improving bilateral relations.
Mr. Kranidiotis said he discussed the entire range of bilateral
relations with his Egyptian counterpart, adding that both sides
expressed desire for further deve-lopment of relations, and
noting that Egypt recognized Greece could play a positive role
in the region, especially in the peace process between Israel
and the Palestinian Self-Rule Regions.
The two sides also discussed implementation of the bilateral
defense co-operation agreement signed on June 19, while the
Egyptian officials expressed concern regarding the similar
agreement signed between Israel and Turkey.
Mr. Kranidiotis said he obtained a promise from the Egyptian
side to support Greece's candidacy as a non-permanent member of
the UN Security Council. The Egyptians, for their part, asked
for Greece's support in their country's relations with the
European Union.
Discussions included economic co-operation, and the Egyptian
side showed particular interest in Greek investment for the
sectors of new technology, telecommunications, industry and
construction.
Finally, Mr. Kranidiotis handed Mr. Mousa an invitation by
President Kostis Stephanopoulos for Egyptian President Hosni
Mubarak to visit Athens.
Mr. Kranidiotis will also visit Syria, Lebanon and Jordan.
[04] Czech PM in Athens tomorrow for official visit
Athens, 16/07/1997 (ANA)
Czech Premier Vaclav Klaus will visit Greece tomorrow for talks
with his Greek counterpart Costas Simitis on bilateral
relations, particularly on the possibilities for upgrading
political dialogue.
According to a Czech embassy announcement, the aim of the visit
is to further develop "the already excellent and friendly
relations" between the Czech Republic and Greece in all sectors,
especially economic issues. During his stay, Mr. Klaus will also
have talks with Foreign Minister Theodoros Pangalos.
After his talks in Athens, Mr. Klaus, who will be accompanied by
his wife, will fly to Crete to participate in an international
seminar organized by the Group for International Study and
Evaluation A.G. (GISE) and Alpha Credit Bank.
The seminar will focus on issues pertaining to foreign policy,
security and international economic relations.
[05] Karamanlis sends condolences for murdered Spanish councilman
Athens, 16/07/1997 (ANA)
Main opposition New Democracy leader Costas Karamanlis sent
condolences yesterday to Spanish Prime Minister Jose Maria Aznar
regarding the death of councilman Miguel Angel Garcia Blanco,
who was abducted and executed by militant Basque separatists.
In his telegram to Mr. Aznar, Mr. Karamanlis expressed his
support to "the tireless struggle of all democratic powers
against terrorism, any form this may take, or wherever its roots
may lie".
The infamous terrorist group ETA claimed responsibility for the
29-year-old municipal councilman's murder over the weekend.
[06] Gov't denies report on Spanish royals
Athens, 16/07/1997 (ANA)
Government spokesman Dimitris Reppas said yesterday that the
royal family of Spain has made no request to stay either at a
mansion in the Tatoi district north of Athens or at the Mon Repo
estate in Corfu, during a possible visit to Greece.
The government spokesman was replying to a relevant press
question yesterday.
[07] First F-16 refurbished in Greece
Athens, 16/07/1997 (ANA)
The Hellenic Aerospace Industry (EAB) yesterday delivered to the
Air Force the first F-16 jetfighter to undergo extensive
refurbishment in Greece.
The fighter plane was turned over to the Air Force during a
special event at EAB's facilities in Tanagra attended by Finance
and National Defense Undersecretaries George Drys and Dimitris
Apostolakis, Chief of the Air Force General Staff Lt.-Gen.
George Antonetsis, and US Ambassador in Athens Thomas Niles.
The air force has assigned EAB a program to upgrade all its
F-16s by the year 1999. The delivery of six more modernized
F-16s is scheduled over the next four months.
The work is being carried out by EAB following its acquisition
of the know-how from Lockheed-Martin Corp., the F-16s' American
manufacturer.
[08] ND leader briefs president on concerns over Madrid accord
Athens, 16/07/1997 (ANA)
President of the Republic Kostis Stephanopoulos received main
opposition New Democracy party leader Costas Karamanlis
yesterday for a meeting focusing on the prospects of
Greek-Turkish relations following the Madrid communiqui, issued
jointly by Greece and Turkey on the sidelines of a NATO summit
last week.
Speaking to reporters after the meeting, Mr. Karamanlis said he
had conveyed his party's views to President Stephanopoulos,
while reiterating New Democracy's "firm" support for efforts to
normalize Greek-Turkish relations.
Mr. Karamanlis said he had also expressed to the President his
"gravest reservations and concerns," prompted by certain aspects
of the Madrid accord and his displeasure at Prime Minister
Costas Simitis' decision to brief only the political parties and
not the Greek people on the content of the communiqui.
Mr. Karamanlis said his party believed that the national issues
ought to be faced with "a great sense of responsibility and
rising above party differences."
"We will keep intervening, as always, when the situation calls
for our intervention, ensuring the nation's rights and
interests," he added.
On Monday, Prime Minister Costas Simitis briefed President
Stephanopoulos on the results of the NATO summit, before
chairing a meeting of the ruling PASOK party's Executive Bureau
focusing on Greek-Turkish relations as well as other political
developments.
The Madrid communiqui was aimed at improving relations between
Greece and Turkey. Government spokesman Dimitris Reppas said the
communiqui was merely a declaration of principles, while its
effectiveness depended on future action by the two countries.
[09] Papoutsis says EU won't succumb to Turkish threats
Brussels, 16/07/1997 (ANA)
European Commissioner Christos Papoutsis yesterday responded to
statements by Turkish officials regarding EU enlargement,
stressing that European political culture does not bow to
threats or blackmail.
Mr. Papoutsis, who is responsible for energy, SMEs and tourism,
was commenting on threatened "counter-measures" by Turkey in the
event that the European Commission's recommendation on
enlargement does not satisfy Ankara's expectations.
The Commission yesterday announced its formal decision to
recommend Poland, the Czech Republic, Hungary, Slovenia, Estonia
and Cyprus in the first round of the Union's enlargement.
"European political culture does not succumb to threats and
blackmail. Particularly with respect to the Cyprus Republic's
European prospect, an independent UN member-state whose northern
part has been under Turkish military occupation for the last 23
years," Mr. Papoutsis said.
The Greek Commissioner added that Turkey's road to Europe
presupposed respect for international law and human rights.
"Specifically, it presupposes implementation of UN Security
Council resolutions and decisions. It presupposes the active
contribution of Turkey (in finding) a just and viable solution
to the Cyprus problem on the basis of UN resolutions," he added.
Mr. Papoutsis said the Commission recommended that accession
negotiations should begin with Cyprus in 1998 as planned.
[10] Tsohatzopoulos begins Caucasus tour with talks in Yerevan
Yerevan, 16/07/1997 (ANA - D. Konstantakopoulos)
National Defense Minister Akis Tsohatzopoulos yesterday briefed
his Armenian counterpart Vasger Sarxien on the situation in the
Balkans, including problems created by what he called "Turkey's
expansionist and destabilizing policy".
Mr. Tsohatzopoulos is on a tour of Armenia, Georgia and
Azerbaijan.
Discussions here centered on co-operation in the bilateral
defense sector.
In statements afterwards, Mr. Tsohatzopoulos placed particular
emphasis on priority for dealing with problems of security,
stability and co-operation in the new international environment,
particularly in eastern Europe.
[11] Gov't to respond to Yilmaz letter towards EU
Athens, 16/07/1997 (ANA)
Athens will "soon" reply to a letter sent by new Turkish Premier
Mesut Yilmaz to European Commission President Jacques Santer,
who conveyed it to the leaders of the 15 EU member-states,
government spokesman Dimitris Reppas said yesterday.
The government's reply will be within the framework of the
country's "fixed positions", Mr. Reppas said, adding that Greece
had no objection to the request put forward by Mr. Yilmaz
regarding Turkey's prospects for accession to the EU, provided
Ankara fulfills the four set conditions.
The conditions referred to by Mr. Reppas are that Ankara respect
human rights and the operation of Parliamentary institutions,
that the Kurdish problem be resolved through political
solutions, that Turkey should contribute to finding a just
settlement to the Cyprus problem and that Greek-Turkish problems
be handled by Ankara on the basis of the principles of good
neighborliness and respect for international treaties and
international law.
[12] Constantopoulos, Tsovolas visit ESHEA headquarters
Athens, 16/07/1997 (ANA)
Coalition of the Left and Progress (Synaspismos) Nikos
Constantopoulos paid a visit to the Athens Journalists' Union
(ESHEA) yesterday, continuing a series of official visits to the
organization by party leaders.
Mr. Constantopoulos expressed support for the role of the
National Radio and Television Council (ERS), which recently
lowered a large fine on the Antena television station over
breach of ethics in one of its afternoon programs.
The fine is pending approval by the press minister.
The Synaspismos leader said his party believed the ERS should
operate as an independent body "with real powers and
jurisdictions, the decisions of which will be justified socially
and politically in the conscience of the average citizen".
Supporting his stance, Mr. Constantopoulos said "for the sick
and negative conditions (prevailing in Greek mass media) there
must be fundamental agencies of control and transparency".
Democratic Social Movement (DHKKI) party leader Dimitris
Tsovolas also visited ESHEA yesterday, and was briefed on the
problems of the union.
Mr. Tsovolas expressed his support and said through a continued
co-operation, the party could contribute to promoting the
union's demands in Parliament.
The party leader also briefed ESHEA on DHKKI's exclusion from
the new ESR board, which he termed unconstitutional and invalid.
DHKKI is the only party represented in Parliament that does not
have a member on the new board of ESR.
[13] Another 4 IOC delegates briefed on Athens' Olympic bid
Athens, 16/07/1997 (ANA)
Prime Minister Costas Simitis yesterday received four permanent
members of the International Olympic Committee (IOC) visiting
Athens, Messrs. Neumba of Cameroon, Stabo of Norway, Bridge of
Jamaica, and Miakvelo of Uganda.
Also present were Alternate Foreign Minister George Papandreou,
and the president of the "Athens 2004" candidacy committee
Gianna Angelopoulou-Daskalaki.
"We welcomed our friends of the International Olympic Committee.
Our endeavor for undertaking the organization of the Olympic
Games of 2004 is continuing, in view of the final decision for
the host city on Sept. 5," the prime minister stated afterwards .
Sports Under-secretary Andreas Fouras said "the course towards
contesting the assumption of the Games is a systematic one.
Serious work is being done, but everyone should be mindful that
we are going to September with eyes in the future and feet on
the ground."
Referring to the World Athletics Championship, due to be held in
Athens between August 1 and 10, Mr. Fouras said, "I find that
everything is functioning very well in view of this great event.
I welcome the International Athletics Federation President,
Primo Nebiolo's decision, according to which all the Olympic
medallists in Atlanta will be present in Athens".
Ms Angelopoulou-Daskalaki stated: "I believe Greece appears on a
fully professional level, very strong and certain of itself. Our
effort must be intensified".
[14] Delphic Celebrations open today
Athens, 16/07/1997 (ANA)
Celebrations commemorating the effort of poet Angelos Sikelianos
and his wife Eva Palmer-Sikelianos to revive ancient drama at
Delphi will open at the ancient oracle site today.
The commemorative events mark the 70th anniversary of the first
Delphic Celebrations in 1927 and the 20th anniversary of the
European Cultural Center of Delphi, where the events are being
held.
Two exhibitions will open, on the stage set-up for ancient plays
and Greek artists who have painted backdrops for such plays.
A concert will round up events of the first day at 9 p.m. today
at the ancient stadium, with Andreas Pylarinos conducting poems
of Sikelianos set to music by composer Mikis Theodorakis.
Olympic gold medallist Ioannis Melissanidis will perform a dance
on the myth of Icarus.
Events will conclude on Sunday, with a play based on works by
Sikelianos, with actor Stratos Tzortzoglou narrating.
[15] ESHEA takes stance on Turkish journalists' persecution
Athens, 16/07/1997 (ANA)
The Athens Journalists' Union (ESHEA) will join the protest of
several international press organizations over violations of
democratic traditions in Turkey, it announced yesterday.
ESHEA will send a letter of protest to the international
federation of journalists to protest a recent sentence against a
Turkish journalist.
During the latest general assembly meeting of the European
Federation of Journalists-International Federation of
Journalists in Brussels last month, New Democracy deputy and
ESHEA board member Fani Palli-Petralia tabled a question on the
persecution of journalists in Turkey and the federations' lack
of serious reaction.
Following a lengthy discussion, the Secretary-General decided to
set up an investigative committee on the issue.
[16] PASOK Central Committee to meet in Nafplio
Athens, 16/07/1997 (ANA)
PASOK's Central Committee is meeting this Friday in Nafplio to
discuss the upcoming local government elections of October and
set party guidelines on the issue.
According to sources, the committee members will also discuss
co-operation with other parties for combined tickets.
PASOK will also discuss the restructuring of administrative
services which are being turned over to regional authorities, in
a government initiative to decentralize services from Athens.
The restructuring will also help activate regional party
organizations.
[17] Premier to address PASOK's farm sector unionists
Athens, 16/07/1997 (ANA)
Prime Minister Costas Simitis will be the keynote speaker at a
meeting of farm sector union activists, opening at a downtown
Athens hotel today.
Sources said Mr. Simitis will invite all PASOK members to
contribute to a complete restructure of agricultural
cooperatives, making them more flexible and effective and
improving their competitiveness.
The meeting will also be addressed by party secretary Costas
Skandalidis and Agriculture Minister Stephanos Tzoumakas.
About PASOK 500 members are expected to attend.
[18] Parliament appoints OSE, ELTA directors
Athens, 16/07/1997 (ANA)
Parliament approved Yiannis Mourmouris as new general manager of
the Hellenic Railways Organization (OSE) late yesterday.
All parties voted for Mr. Mourmouris except the Communist Party
of Greece (KKE), which cast a blank vote.
Parliament also approved by majority vote the appointment of
Panayiotis Kyriakopoulos as general manager of the Hellenic Post
Offices (ELTA), with KKE voting against and the Democratic
Social Movement (DHKKI) casting a blank vote.
Earlier, Prime Minister Costas Simitis held talks with Transport
and Communications Minister Haris Kastanidis, which focused on
the selection of utilities' directors and top department heads.
Mr. Simitis agreed with the method top managers will be
selected. Thus, five have been proposed for each utility by a
group of international firms that processed all the candidates'
biographies.
[19] Premier at the disposal of party leaders for briefings, Gov't
says
Athens, 16/07/1997 (ANA)
The premier is at the disposal of party leaders whenever they
request a briefing, government spokesman Dimitris Reppas said
yesterday.
He added that the issue of convening the council of party
leaders was not raised when Prime Minister Costas Simitis
briefed on Monday President of the Republic Kostis
Stephanopoulos on last week's Greek-Turkish communiqui.
Replying to another question regarding whether Mr.
Stephanopoulos was unhappy with the government's handling of
Greek-Turkish issues, Mr. Reppas said the president should be
kept out of partisan politics.
Concerning UN-sponsored direct talks in New York this month
between the two sides on Cyprus, Mr. Reppas declined comment,
saying the process was still on-going.
[20] Arsenis' letter spells out his views on Greek-Turkish communiqui
Athens, 16/07/1997 (ANA)
Education Minister Gerassimos Arsenis has sent a letter to Prime
Minister Costas Simitis setting out his disagreement with
certain aspects of the government's handling of Greek -Turkish
relations.
According to sources close to the minister, "Mr. Arsenis
detailed his criticism and the points of his disagreement with
the Demirel - Simitis communiqui," signed on the sidelines of
the NATO summit in Madrid last week.
His letter also contains a framework of principles for the
formulation of a national foreign policy strategy.
[21] Government comment on pharmacists' strike
Athens, 16/07/1997 (ANA)
The government yesterday termed "inexcusable" the ongoing strike
of pharmacists, noting however that their action was confined
only to Attica.
Pharmacists in Attica were scheduled to remain closed until
today as part of a five-day strike called in support of demands
for a withdrawal of the government's revised drug price list
which, they claim, trims their profits on pharmaceutical
products.
"The government will persist in its policy of reducing the
retail price of medicines," government spokesman Dimitris Reppas
said, stressing that pharmacists' profits would not be affected.
In order to reduce retail prices, Mr. Reppas said, the
government is making an effort to overhaul the entire system
"even though this will cost the state 50 billion drachmas".
[22] Trucks banned from highways on weekends
Athens, 16/07/1997 (ANA)
The government yesterday announced a ban on the circulation of
trucks over 1.5 tons on sections of the country's motorways when
traffic is at a peak, in an effort to reduce congestion and cut
the number of accidents.
The ban, effective from July 18 to September 14, basically means
that trucks will not be able to use motorway sections which
generally become congested when city dwellers leave for and
return from the provinces at weekends.
For instance, trucks will not be able to use either the old or
new national road leading out of Athens for Corinth on Fridays
between 14.00 and 21.00. A similar restriction will apply with
respect to the motorway lanes leading in to Athens on Sunday
afternoon between 17.00 and 22.00.
Road assistance trucks and vehicles carrying pasteurized milk
and fresh fish will be exempt from the ban.
[23] Army officer shot dead
Athens, 16/07/1997 (ANA)
A 44-year-old army officer was fatally shot by two unknown
assailants as he waited for his service bus near his home in
Piraeus yesterday morning.
According to reports, the assailants fled on a high-powered
motorcycle after shooting Eleftherios Zeppos at least four
times. A passing taxi carried the officer to a nearby hospital,
where he died shortly afterwards.
Police believe the two culprits had personal differences with
Zeppos, who reported to authorities a few months ago that
someone had tried to dynamite his car.
[24] New port terminal, motorway credits approved
Athens, 16/07/1997 (ANA)
Environment, Town Planning and Public Works Minister Costas
Laliotis has approved credits amounting to 10.1 billion drachmas
for the construction of a passenger terminal at the port of
Irakleio, as well as for improvements on Kifissos avenue between
Iera Odos Avenue and Athinon Avenue.
The amount of 1.15 billion drachmas will be provided for the
passenger terminal and nine billion drachmas for Kifissos Avenue.
In parallel, the joint venture "SARANTOPOULOS-MENTON" was
assigned yesterday with building the motorway between Almyros
and Aerinos, budgeted at 19 billion drachmas. The project is
part of the Patra-Thessaloniki-Evzonoi motorway.
[25] Negotiations for Bank of Central Greece's purchase deadlock
Athens, 16/07/1997 (ANA)
Negotiations between Agricultural Bank (ATE) and Egnatia Bank
for the purchase by the latter of the ATE-owned Bank of Central
Greece have reportedly deadlocked.
As already reported, ATE had called on representatives of
Egnatia Bank for negotiations to improve the offer for Bank of
Central Greece's share package as well as other terms in
Egnatia's proposal.
The meeting was held on July 10 and the prospective buyers
declined to improve the offer of 6.8 billion drachmas, calling
on ATE to agree to a decrease in the sale price.
It was finally decided to call on the representatives of Egnatia
to submit their written proposals by July 14.
In a document, Egnatia Bank concedes that the business plan it
submitted is not complete and expresses the desire to conduct a
new check so that its offer will be decreased in accordance with
the amount of additional, according to its own views, bad debts
and the percentage of shares transferred.
[26] Greek equities slip on profit-taking
Athens, 16/07/1997 (ANA)
Stock prices dropped on profit-taking and retreated from
Monday's highs on the Athens Stock Exchange. Brokers said
investors were reluctant to try to push the market higher, and
trade was lacklustre. Turnover stayed moderate at 12.9 billion
drachmas.
The general index closed 0.66 percent lower at 1,590.33 points,
failing to hold the 1,600 psychological level it breached in the
previous session.
Most sector indices lost ground. Banks fell 0.25 percent,
Insurance dropped 1.08 percent, Industrials eased 1.38 percent,
Construction was 1.20 percent lower, Holding fell 0.34 percent
and Miscellaneous eased 0.57 percent. Leasing and Investment
bucked the trend to end 0.22 and 1.39 percent higher
respectively.
Broadly, decliners led advancers by 136 to 80 with another 26
issues remaining unchanged.
Greek Aluminium and Viokarpet scored the biggest percentage
gains, while Sato and General Commerce suffered the heaviest
losses of the day.
National Bank of Greece ended at 36,800 drachmas, Ergobank at
17,930, Alpha Credit Bank at 19,435, Titan Cement at 15,290,
Intracom at 12,950 and OTE at 18,320.
[27] Commission takes action against Belgium, France, Germany, Greece
Brussels, 16/07/1997 (Reuter/ANA - G. Daratos)
Padraig Flynn, European Commissioner with responsibility for
Employment and Social Affairs, announced that the Commission has
decided to take further steps in infringement proceedings
against Belgium, France, Germany and Greece, for their failure
to implement European law concerning free movement of workers
and social security. States' social security systems. Two
reasoned opinions have been sent to the Greek authorities, the
first regarding discrimination against foreigners in recruitment
requirements for private language schools.
In 1994, Greek legislation introduced changes concerning the
founding and running of private language schools. These require
foreign teachers to obtain a certificate from the Greek Ministry
for Education attesting to their knowledge of the Greek language
and national history which is conditional on passing an
examination set by the Ministry.
The Commission considers that EU or EEA nationals other than
Greek nationals are discriminated against by this legislation
and that Greece has failed to take adequate measures to comply
with Community law.
In the absence of a satisfactory response on the part of the
Greek authorities, the Commission may ask the Court to impose a
financial sanction.
The Commission will also take action against Greece, and may ask
the Court to impose a fine, if Greek insolvency law is not
brought into line with the ruling of the European Court of
Justice of 8 November 1990.
[28] Strong corporate profits seen driving up Greek bourse
Athens, 16/07/1997 (ANA)
A long hot summer lies ahead for the Athens Stock Exchange after
the market breached resistance at 1,600 points following a month
of consolidation, analysts said.
Despite slipping below the key level on Tuesday, factors
expected to have a positive impact on the market are anticipated
high corporate profits in the first half of the year,
particularly for industrial and banking blue chips.
Other factors expected to push the market up are a rebound in
the share price of Hellenic Telecommunications Organization
(OTE) as soon as its share capital increase is completed, and an
equity increase by National Bank of Greece, due in autumn.
HSBC James Capel, an international investment firm, said in a
survey of the Greek capital market that the Athens bourse would
see an average 13 percent increase in net profits of listed
companies this year, up from an earlier forecast of 10.4 percent.
[29] Greek transport, communications unions agree to strike truce
Athens, 16/07/1997 (ANA)
Union leaders representing workers in 17 public enterprises
endorsed a two-month labor peace agreement with Transport and
Communications Minister Haris Kastanidis.
After a meeting with Kastanidis, union leaders expressed their
support for the minister's efforts to secure labor peace,
although they stressed particular sectoral problems. Speaking to
reporters, Kastanidis thanked unions for a constructive
discussion and for their support for his proposals.
Olympic Airway's pilot unions stressed the need for urgent
hiring of new pilots in order to proceed smoothly with a
restructuring program the airline is undertaking.
OA's unions agreed to the labor peace proposal on condition that
there would be no surprise legislative adjustments to scrap
unions' institutional and financial demands.
[30] EU adopts report on tourism
Brussels, 16/07/1997 (Reuter/ANA)
A clear overview of Community actions affecting tourism
undertaken in 1995-1996 is presented in a report adopted by the
European Commission. It examines the progress made in each area
of Community activity relevant to tourism and underlines the
relevant contribution of tourism-related activities to the
economies of EU Member States in terms of GDP (5.5%), employment
(6%) and of international trade (1/3 of trade in services).
Commissioner Christos Papoutsis stated that "the progressive
impact of Community actions reflects the recognition of the
potential contribution of tourism to achieving the general
objectives of the Union and the value added which Community
actions bring in terms of the balanced and sustainable
development of tourism".
The review of Community actions affecting tourism in 1995/96
shows that the great majority of Community programs and policies
either now include a tourism dimension or have a significant
impact on tourism-related activities. The European Union
maintains its leading position in world tourism with a growth
rate in 1996 of 4.2% in terms of international arrivals and of
4.5% in terms of receipts.
Tourism activities employ directly 9 million people,
representing 6% of total employment. It has an important
indirect effect on employment in connected services, and in some
tourism intensive economies its contribution in terms of jobs is
substantially higher than the average. It is estimated that, by
the end of the next decade, travel an d tourism jobs will have
increased by some two million, and will represent over 9% of
total employment in the European Union.
The key components of tourism, namely the tourist, the tourism
industry, and natural and cultural resources have all been
affected by actions undertaken at Community level in 1995/96.
[31] Cyprus in first group for European Union expansion
Brussels, 16/07/1997 (ANA/CNA)
The European Commission proposed yesterday that accession talks
for an expanded European Union should start with Cyprus and five
other nations.
The Commission's "Agenda 2000" document recommends that Poland,
the Czech Republic, Hungary, Slovenia and Estonia join Cyprus in
the accession talks next year.
The document was formally agreed on yesterday without much
discussion during a meeting of EU Commissioners in Strasbourg.
The adopted proposal will be made official this morning when
European Commission President Jacques Santer formally presents
the decision to the European Parliament.
The decision means that Latvia, Lithuania, Slovakia, Bulgaria
and Romania will have to wait for EU membership, although they
will each have contractual accession partnerships allowing them
to prepare at their own speed for joining the Union.
Cyprus was scheduled to start membership negotiations six months
after the Intergovernmental Conference (IGC), in accordance to
an EU decision in March 1995.
Last June's Amsterdam European Council had reiterated that
accession talks with Cyprus should start as scheduled, that is
in early 1998.
Cyprus applied for EU membership in 1990. It signed an
association agreement with the European Community in 1972 and a
customs union agreement in 1987.
End of English language section.
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