Athens News Agency: Daily News Bulletin in English, 98-01-31
From: The Greek Press & Information Office, Ottawa Canada <[email protected]>
ATHENS NEWS AGENCY BULLETIN (No 1404), January 31, 1998
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: [email protected]
CONTENTS
[01] Gil-Robles cites need for protection of EU's external borders
[02] ... Robles press conference
[03] ... Meetings with Simitis
[04] Gov't remains adamant on DEKO amendment
[05] Papaioannou on DEKO amendment
[06] Protests planned for USS La Salle
[07] Holbrooke: Crisis resolving models difficult to apply on Cyprus
issue
[08] European Awards to 11 Greek scholars
[09] Support from NGOs requested for SE European stabilization
[10] Group claims responsibility for car torchings
[11] State Dept. human rights report released
[12] EU's 'Tempus' program profiled in Komotini
[13] Kaklamanis says work conditions at private mass media miserable
[14] British ambassador on EU-Turkish relations
[15] Archaeological research presented in Thessaloniki
[16] Archaeologist: Salamina cave definitely identified with Euripides
[17] OA flight delays, cancellations expected on Monday
[18] 226 Albanian illegal immigrants arrested in 24 hours
[19] Greek, Albanian farm sector co-operation on the right road
[20] European Network of Wine Cooperatives meets in Athens
[21] Unions threaten further strike action
[22] Greek stocks end up in lackluster week
[23] General Bank co-operation with Interamerican
[24] Alpha Credit forex loan rates
[25] Mortgage bank to renew bonds
[26] Israel lauds increasing bilateral trade ties
[01] Gil-Robles cites need for protection of EU's external borders
Athens, 31/01/1998 (ANA)
European Parliament President Jose Maria Gil-Robles yesterday
stressed the importance of adopting a joint foreign and defense
policy for the protection of the EU's external borders, while he
praised Greece's contribution in this direction.
He was addressing a meeting of Parliament's standing committee
on European affairs, which was specially convened in his honor.
Describing the issue of EU-Turkey relations as "difficult", Mr.
Gil-Robles said Ankara must fulfill the terms laid down for
accession regarding human rights, respect for democratic
principles and minorities and put an end to its occupation of
the northern part of Cyprus.
Replying to a question on Greek-Turkish relations, Mr.
Gil-Robles underlined that the Aegean islands constituted the
European Union's external borders.
Meanwhile, according to sources, Mr. Gil-Robles discussed EU
enlargement, EU-Turkish relations and the Cyprus problem during
a luncheon given afterwards in his honor by Alternate Foreign
Minister George Papandreou.
Sources said Mr. Papandreou and Mr. Gil-Robles, who is in Greece
on a three-day official visit, also discussed the institutional
role of the European Parliament in securing balance for the
European edifice.
Mr. Papandreou also briefed the Europarliament president on the
Greek government's initiative to promote an international truce
during the Olympic Games, as in ancient times.
[02] ... Robles press conference
Athens, 31/01/1998 (ANA)
Mr. Gil-Robles, in Greece at the invitation of Parliament
President Apostolos Kaklamanis, expressed satisfaction over his
contacts with the nation's political leadership.
According to reports, Mr. Gil-Robles had the most substantive
talks with Foreign Minister Theodoros Pangalos.
Replying to press questions regarding Greek-Turkish and
EU-Turkey relations, Mr. Gil-Robles said "Greece, which
benefited objectively from decisions at the Luxembourg summit,
should act (magnanimously) as the victor against Turkey."
He said Turkey is in effect going through a pre-election period
resulting in instability and exaggeration in its position but he
hopes the elections, he believes will take place soon, will
provide its policy with new dynamism.
Harmonizing himself with the position of France, Germany, Italy,
the Netherlands and Britain on the European Conference issue,
Mr. Robles made it clear that the preconditions set for the
participation of candidate-countries, and consequently for
Turkey as well, do not constitute conditions which must apply
before the opening conference on March 12 but a framework of
principles.
He expressed the desire that dialogue with Turkey will be
maintained and a breakthrough will take place for its more
substantive participation in the entire spectrum of European
activities.
On the question of Cyprus' accession negotiations, Mr. Robles
clarified that "the interlocutor of the EU is its legal
government" but expressed a wish that the Turkish Cypriot side
will also participate.
Replying to a question on the "absence" of the EU during periods
of tension and crisis in Greek-Turkish relations, he said that
in essence, there is no common foreign policy and defense policy
in Europe and in practice the sole security body is NATO.
Commenting on EU enlargement, Mr. Robles said that "acquired
rights" will not be harmed regarding support for other countries
by the EU, while on the question of Economic and Monetary Union
(EMU), he explained that there are no restrictions and that
whichever country corresponds to criteria at whatever moment can
also proceed individually towards the euro zone.
[03] ... Meetings with Simitis
Athens, 31/01/1998 (ANA)
Earlier in the morning, Prime Minister Costas Simitis briefed
Mr. Gil-Robles on Athens' efforts to meet Maastricht targets and
on the course of Greek-Turkish relations.
Mr. Gil-Robles also met with main opposition New Democracy
leader Costas Karamanlis, who outlined Greece's positions on its
relations with Ankara, noting that ND did not agree with
referral of all the issues to the International Court of Justice
at The Hague.
Mr. Karamanlis further briefed the Europarliament president on
ND's positions regarding the political and economic union of the
European Union.
[04] Gov't remains adamant on DEKO amendment
Athens, 31/01/1998 (ANA)
Government spokesman Demetris Reppas yesterday said that
structural problems of utilities and public enterprises (DEKOs)
need immediate solutions, otherwise they will not be ready to
face upcoming challenges.
However, he emphasized that the government does not wish to come
into conflict with any social group. In addition, the government
spokesman said party discipline will not be demanded during a
vote on the controversial amendment affecting labor relations
and collective bargaining in DEKOs.
This was one of the Cabinet's conclusions after yesterday's
four-hour meeting, where progress of the government's work was
also assessed.
Mr. Reppas also said Athens' international standing remains
robust, in contrast to that of Turkey, which is facing internal
troubles, saying the government's policy on Greek-Turkish
relations was successful and thus will continue.
Mr. Reppas said that Prime Minister Costas Simitis asked Cabinet
members to co-operate toward common goals and to show solidarity.
Finally, Mr. Reppas denied a press report claiming Mr. Simitis
and National Defense Minister Akis Tsohatzopoulos are at odds.
[05] Papaioannou on DEKO amendment
Athens, 31/01/1998 (ANA)
Meanwhile, Labor Minister Miltiades Papaioannou stressed
yesterday that the DEKO amendment is binding for the government.
He added that a six-month limit set by the amendment
demonstrates the government's will to restructure ailing DEKOs
after a grace period of six months.
Mr. Papaioannou said, however, that the labor ministry's
priority will be to change DEKO regulations through collective
agreements and with the proposed amendment.
In a related development, according to press reports, main
opposition New Democracy's leadership decided to call for a
roll-call vote Monday on the amendment.
Other reports stated that high-ranking ND cadres Stephanos
Manos, George Souflias and Dora Bakoyianni, who have expressed
support for the amendment, will not vote against it, although it
wasn't specified if they will vote in favor or simply abstain.
On his part, Coalition of the Left and Progress (Synaspismos)
leader Nikos Constantopoulos, who met with General Confederation
of Workers of Greece (GSEE) leaders yesterday, said the
amendment will create a serious social and political problem. He
also referred to "political authoritarianism" on the part of the
government.
Democratic Social Movement (DHKKI) leader Demetris Tsovolas said
his party's views on the amendment are those of GSEE, namely,
completely against the amendment.
[06] Protests planned for USS La Salle
Athens, 31/01/1998 (ANA)
The Thessaloniki Committee for International Detente and Peace
(EDYETH) yesterday announced it would stage a demonstration on
Saturday to coincide with the arrival of the US Sixth Fleet
flagship "USS La Salle" and the ongoing visit of US Ambassador
to Athens Nicholas Burns.
The flagship arrives on Saturday for a five-day port of call,
its first to the northern Greek port city.
During the flagship's visit, Sixth Fleet commander Vice-Admiral
Charles Abbot will pay courtesy calls on government officials
and host a reception on board the La Salle, to be attended by
Mr. Burns. In an announcement, EDYETH said the demonstratio n,
being organized in collaboration with the Youth Action for Peace
organization, was "to protest US intervention in Greece".
"US envoy Burns could not be absent from this fiesta of
servility, since, in his recent statements, he made it clear
that this is his purpose: even more open governing of our
country by the American multinationals and the imposition of the
blood-tainted
New Order in the Balkans," the announcement said, urging all
Thessaloniki inhabitants to join the protest.
The La Salle has been deployed in the Atlantic Ocean, Caribbean
and Mediterranean Seas, and has engaged in operations in the
Middle East, including participation in Operations Desert Shield
and Desert Storm before and during the Gulf war.
[07] Holbrooke: Crisis resolving models difficult to apply on Cyprus
issue
New York, 31/01/1998 (ANA - M. Georgiadou)
Special US presidential envoy on the Cyprus issue Richard
Holbrooke addressed an event at Columbia University on Thursday,
stressing that the various models of resolving crises cannot be
easily applied for the Cyprus issue because they disregard local
and practical factors.
He added that the problem can only be resolved if the two
communities and Greece and Turkey decide to discuss these issues.
Mr. Holbrooke said "the US, the UN and the European Union must
undertake leading roles to tackle the problem before it is too
late" as was the case in Bosnia, where it was not possible to
prevent a confrontation.
Speaking about his book on the Bosnian issue, to be published in
May, Mr. Holbrooke stressed that the war in Bosnia was
absolutely predictable and said "if in the future we have some
confrontation in the eastern Aegean, as was the case in the near
past,
I assure you that this will also be something which the
international community should have anticipated and prevented.
The Bosnian issue was the consequence of the failure
(intervention) of various governments.
[08] European Awards to 11 Greek scholars
Athens, 31/01/1998 (ANA)
The European Awards of the European Studies Promotion Foundation
and the Greek University Union of European Studies were given
yesterday to 11 Greek scholars for the first time.
The recognition come for diplomatic postgraduate work and
doctoral dissertations on issues concerning European orientation.
European Parliament President Jose Maria Gil-Robles addressed
the event briefly and referred to the importance of vocational
training in combating unemployment.
Addresses were also made by the PEES president, the director of
the European Commission's office in Greece and British
ambassador in Athens Sir Michael John Llewelyn Smith.
[09] Support from NGOs requested for SE European stabilization
Athens, 31/01/1998 (ANA)
Greece's Non-Governmental Organizations (NGOs) representative
yesterday requested NGOs' support for the European Commission's
stability initiative in southeastern Europe.
Panayiotis Roumeliotis' request came at a meeting initiated by
the Mediterranean Women's Study Center (KEGME).
Mr. Roumeliotis also said that the goal of NGOs' coordinated
action is the promotion of the European idea and peace in the
Balkan region through programs of bilateral and multilateral
relations.
[10] Group claims responsibility for car torchings
Athens, 31/01/1998 (ANA)
An organization calling itself "Con-scientious Arsonists" has
claimed responsibility for 40 firebomb attacks against private
and state-owned vehicles over the past two months, authorities
said yesterday.
A police spokesman said a leaflet by the shadowy group was found
by cleaning personnel on Thursday night at the entrance to the
Piraeus Labor Center.
The leaflet called for the release of four self-styled
anarchists, including 27-year-old Nikos Maziotis, arrested two
weeks ago on suspicion of involvement in a series of bomb
attacks and for illegal possession of weapons, explosives and
subversive mate rial.
The group warned that unless the four were released, the
"burning nights in Athens will continue", adding that their
target was "the agencies of authority".
In the leaflet, the group claimed responsibility for the
firebomb attacks against and torchings of the General
Confederation of Workers of Greece (GSEE) offices, cars of
police officers, diplomatic cars belonging to the embassies of
Algeria, Brazil, Italy, Austria, France, Syria and the
Philippines, against school cars and on vehicles belonging to a
number of television stations.
On their part, senior police officers stressed that detecting
suspects acting on a "hit-and-run" basis entails significant
difficulties, adding that the only thing they can do for the
time being is to increase and intensify patrols both in downtown
Athens and in the suburbs.
According to reports, 1,500 policemen will be included in the
measure, of whom at least 500 will patrol on foot, either
uniformed or wearing civilian clothes. Particular importance is
also placed on investigations taking place continuously by
police motorcyclists. Athens News Agency
[11] State Dept. human rights report released
Washington, 31/01/1998 (ANA - T. Ellis)
An annual report by the US State Department on human rights,
unveiled yesterday, again pointed to what it called certain
types of discrimination in Greece against minorities and
restrictions in exercising religious freedom.
With the exception of minorities, Washington's annual "report
card" stressed that absolute freedom of expression exists in all
other sectors of social life in Greece.
"Discrimination against minorities continued to constitute a
problem. The government officially recognizes only the Moslem
minority which is noted in the Lausanne Treaty of 1923. It
refuses to officially accept the existence of other ethnic
groups. primarily Slav-speaking people, under the
characterization of a minority," the report read.
Greece is also criticized for the use of Article 19 of the
Citizenship Code (recently abolished) by which Greek citizenship
has been stripped in the past from Greek citizens of a different
ethnic origin who leave the country permanently.
"On other issues, apart from the issue of ethnic minorities,
Greece generally enjoys a tradition of full public debate and
dynamic free press.
Satirical and opposition newspapers frequently attack the
political leadership. Members of ethnic, religious and language
minorities publish magazines and other publications freely,
frequently in their mother tongue," the State Department's
cadres judged.
[12] EU's 'Tempus' program profiled in Komotini
Athens, 31/01/1998 (ANA)
The National Youth Foundation, in its capacity as the national
unit for the support of the European Union's 'Tempus' program,
will organize a conference on the program on Feb. 4 at the
University of Thrace in Komotini.
The 'Tempus Tacis' program is aimed at contributing to the
development of third-stage educational systems in the new
independent states of the former Soviet Union and Mongolia.
It is a section of the Tacis program, the EU's initiative
providing funding for the transfer of know-how aimed at
developing a free market and a democratic society.
The program appeals to third-stage educational establishments in
Greece, whose participation is essential.
[13] Kaklamanis says work conditions at private mass media miserable
Athens, 31/01/1998 (ANA)
Parliament President Apostolos Kaklamanis yesterday compared
work conditions in private mass media outlets to those of a
"galley", saying relations were also not transparent.
Mr. Kaklamanis made the remarks following a tabled question by
Communist Party of Greece (KKE) deputy Orestis Kolozov over
journalists' pension and insurance coverage by private media.
Mr. Kaklamanis said there are five to six businessmen who wish
to "dwarf" the political world so they can conduct their
business without problems, "enslaving" employees and turning
them into "blind tools" for their own pursuits.
On his part, Mr. Reppas said that until the licensing of private
television stations is completed, the number of media-related
employees at stations cannot be calculated.
[14] British ambassador on EU-Turkish relations
Athens, 31/01/1998 (ANA)
Turkey's relations with the European Union are "a challenge" for
the British presidency, London's ambassador in Athens Sir
Michael Llewellyn Smith said yesterday, during an event at which
several Greek scientists were presented with European awards of
achievement.
"We strongly believe that it is in the interests of the European
Union and its member-states, and also of Turkey, that the
Union's links with Turkey should be improved and strengthened,"
Sir Michael said.
"There should be dialogue. In other words, we agree with Greece
that Turkey has a European orientation and we are trying to find
a way to give it substance. The European Conference is one
possible way. The strategy for Turkey set out in the conclusions
of the Luxembourg summit is another." The British ambassador
said the question of where Turkey stands in relation to the
European Union was "one of the large issues" facing Turkey and
the EU today.
[15] Archaeological research presented in Thessaloniki
Athens, 31/01/1998 (ANA)
French archaeologist J.Y. Empereur yesterday presented in
Thessaloniki the results of his team's 10-year research in
Alexandria.
The archaeologist claimed that the famed tomb of Alexander the
Great is at the palaces of the Ptolemies, buried under modern
Alexandria.
He added that finding the tomb is not as important as in what
condition will it be found in, expressing fears that it probably
was totally destroyed by grave robbers.
Mr. Empereur's tone changed when he announced the remarkable
underwater finds of the Pharos - the lighthouse of Alexandria.
He said that his team found 70-ton stone blocks and giant
statues of the Ptolemies among other building materials of the
until recently lost Pharos.
The lecture is part of the "Alexander and the East" exhibition,
which was part of last year's Thessaloniki Cultural Capital of
Europe events. The exhibition will close today.
[16] Archaeologist: Salamina cave definitely identified with Euripides
Athens, 31/01/1998 (ANA)
The Peristeria cave on the island of Salamina, first brought to
light in September 1997, is fully identified with the hermitage
of Euripides, one of antiquity's great tragic poets, according
to professor Yiannis Lolos, the excavator of the site.
According to the report, Mr. Lolos says the site was most likely
to have been the place where Euripides wrote one of his most
prominent works, "Hippolytus".
"Of major importance," stresses the report, "is no doubt an
embossed Roman vessel. Its engraved decor on the whole of its
external surface includes stereotypical, but lively scenes from
the open air baths of Dionysus, the patron god of ancient
drama," t he report, submitted to Culture Minister Evangelos
Venizelos a few days ago, states.
Most of the ceramic findings and jewelry of various types goes
back to the Roman era, during which the site was elevated into a
sacred area.
They also include one of the oldest silver artifacts ever
discovered, dating from the Neolithic era.
[17] OA flight delays, cancellations expected on Monday
Athens, 31/01/1998 (ANA)
Many Olympic Airlines flights scheduled for Monday may be
canceled, while others may be delayed due to a four-hour work
stoppage called by OA stewards.
Representatives of the airline's stewards decided yesterday to
take part in the 5 a.m. to 9 a.m. work stoppage called by
General Confederation of Workers of Greece.
[18] 226 Albanian illegal immigrants arrested in 24 hours
Athens, 31/01/1998 (ANA)
Police in Epirus, northern Greece have arrested 226 Albanian
illegal immigrants in the past 24 hours and sent them back to
their country via the Kakavia border post.
Meanwhile, a 29-year-old Albanian was arrested on the
Ioannina-Kozani highway for smuggling 64 Albanian illegal
immigrants into the country in his lorry.
The Albanian, identified as Amzak Isoufi, from Fieri, was due to
appear later yesterday before a public prosecutor, while his 64
compatriots, who told police that they had each paid the driver
65,000 drachmas, were deported.
In separate incidents, police arrested three Greek men - two
from Athens and one from Piraeus - for transporting Albanian
illegal immigrants in Greece, two in rented cars and one in his
taxi.
[19] Greek, Albanian farm sector co-operation on the right road
Athens, 31/01/1998 (ANA)
Albania's Alternate Minister for Agriculture and Food, Jundi
Tetsia, said yesterday that considerable steps had already been
taken towards implementing a co-operation protocol signed
between Tirana and Athens.
Mr. Tetsia was speaking at a press conference against the
background of his country's official participation in the 14th
Agrotica exhibition in Thessaloniki.
Underlining the importance of the agricultural sector for
Albania, which currently accounts for 59.1 per cent of the
neighboring country's GDP, Mr. Tetsia referred to the programs
aimed at assisting agriculture in Albania which are being
implemented with finance from the European Union and countries
including Greece and Germany. In particular, he stressed the
importance of the co-operation protocol signed by Greece and
Albania which provides for an exchange of information and
experience between research institutes in the two countries and
co-operation in the sectors of crop cultivation, livestock
production, fisheries, forest products and the processing of
agricultural products.
"The fact that Greek investments in Albania are among the most
important and tiny Albania ranks ninth among importers of Greek
goods shows that we have already taken steps towards
implementing this protocol," he said. Replying to reporters'
questions, M r. Tetsia said trade between the two countries was
currently worth about one million dollars a day and Greek
investments in Albania ranked second in terms of size of
invested capital, after Italian investments.
[20] European Network of Wine Cooperatives meets in Athens
Athens, 31/01/1998 (ANA)
The European Network of Wine Cooperatives' (RECEVIN) executive
committee yesterday chose Ioannina and Rhodes as Greece's
representatives with the group, while Argostoli, on the Ionian
island of Cephalonia, and Naoussa were picked as alternates.
RECEVIN delegates met at the Athens City Hall.
Furthermore, the Greek Federation of Wine elected its
five-member administrative board. Additionally, Athens Mayor
Demetris Avramopoulos, who presided over the meeting, announced
the founding of a wine center in the city, dedicated to the
history of wine in Greece.
[21] Unions threaten further strike action
Athens, 31/01/1998 (ANA)
Greece's trade union confederation yesterday threatened further
strike action if a controversial provision in a taxation bill is
passed by parliament on Monday. At a meeting of the General
Confederation of Workers of Greece (GSEE) and public utility
labor federations, it was also left in doubt as to whether the
unions would continue the "social dialogue" with the government
and employers over the next six months during which changes are
to be made to personnel regulations at Olympic Airways, the
Athens urban bus company (OASA), the state railways (OSE) and
the postal service (ELTA).
Unionists are also considering whether to take action such as
rolling 24-hour strikes as each of the changes in the provision
is debated in parliament.
GSEE has called a rally for Monday evening to coincide with the
beginning of the parliamentary debate. Transport in Athens will
once again come to a standstill as the urban railway (HSAP) will
stop running from 15.00, the trolley bus service (HLPAP) and
OASA from 17.00, all until the end of the evening shift.
At a meeting yesterday, GSEE asked employers' associations for
wage increases equal to the rate of inflation plus the national
productivity increase plus a corrective amount for losses in
previous years.
According to informed sources, this amounts to an increase of
six to seven percent.
Federation of Greek Industries (SEB) president Iason Stratos
said that while employers were willing to award some pay rises
under the new collective labor agreements, there was no question
of these increases equaling the increase in national
productivity.
GSEE president Christos Polyzogopoulos stressed after the
meeting that the unions were not prepared to discuss a
comprehensive solution to working hours, which he said would
lead to losses in overtime pay for each worker.
Mr. Polyzogopoulos stressed that the 35-hour working week was
the way to increase employment.
[22] Greek stocks end up in lackluster week
Athens, 31/01/1998 (ANA)
Greek equities ended a four-day retreat to end moderately higher
yesterday in the last trading session of the week on the Athens
Stock Exchange, led by strong interest in the construction
sector.
Analysts said investor sentiment was dampened by the continued
high interest rates on the interbank market to combat monetary
turmoil. Yesterday's slight fall in interbank rates provided the
market with some breathing space. The general index closed up
1.11 percent at 1,395.40 points, to show a net loss of 3.64
percent in the week.
The general price index showed losses of 5.69% over the month of
January.
Turnover at yesterday's session was moderate at 15.6 billion
drachmas.
Banks rose 0.90 percent, Insurance rose 1.23 percent, Leasing
rose 0.19 percent, Investments rose 0.62 percent, Constructions
increased 2.95 percent, Industrials rose 1.38, Miscellaneous
rose 0.92 percent and Holding ended 1.39 percent up.
The parallel market index for small cap companies rose 1.75
percent while the FTSE/ASE index closed up 0.82 percent at
761.39 points.
The week's turnover totaled 69.259 billion drachmas to a daily
average of 13.852 billion, down from 16.451 billion the previous
week. On a weekly basis, the general price index fell 52.64
points or 3.64 percent.
The sector indices losing the most ground this week were
Construction (5.44 percent) and Banks (4.43 percent). Viosol,
Sysware, Athinaia and Parnassos scored the biggest percentage
gains, while Inerga, Metalloplastiki Agriniou, Daring and the
Greek Biscuit Company suffered the heaviest losses.
National Bank of Greece ended at 19,440 drachmas, Ergobank at
13,215, Alpha Credit Bank at 14,500, Delta Dairy at 2,720, Titan
Cement at 12,900, Intracom at 14,865 and OTE at 5,345.
The Athens Stock Exchange general price index lost ground over
the month of January, dropping 5.69 percent with turnover also
falling significantly in comparison with December. Turnover for
the month amounted to 318,055 billion drachmas with an average
daily turnover of 15.9 billion drachmas. In December, total
turnover was 615 billion drachmas.
Liquidity on the money market quickly made an impact on the
stock exchange. Investor interest has been reserved in the wake
of high interbank rates, which are expected to continue until
monetary unrest has receded. Reports of an unexpected bank
interest rate hike and continuing uncertainty over the cost to
banks of the turmoil have also had an impact.
Analysts said however, that reports of a fall in inflation to
below 4.4 percent in January and the beginning of the
government's program for a partial float of public corporations
on the Athens Stock Exchange could improve the climate in the
market.
[23] General Bank co-operation with Interamerican
Athens, 31/01/1998 (ANA)
The General Bank said on Friday that it had concluded a
strategic co-operation agreement with the Interamerican Group
after two years of negotiations.
A bank announcement said the collaboration would focus on
promoting credit card co-operation, increasing joint lending
programs and co-operation in the area of bancassurance and
financial derivatives.
The General Bank said the co-operation agreement would lay the
ground for wider co-operation in insurance products and other
forms of bank transactions.
[24] Alpha Credit forex loan rates
Athens, 31/01/1998 (ANA)
Alpha Credit Bank announced Friday minimum interest rates for
loans in foreign exchange (Alpha 605): US dollar 8.30 percent,
ECU 7.10 percent, Dmark 6.20 percent, Yen 3.30 percent and Swiss
franc 3.75%.
[25] Mortgage bank to renew bonds
Athens, 31/01/1998 (ANA)
The National Mortgage Bank will renew bonds with an expiry date
of January 31, 1998 for a further year at 12.60%, a bank
announcement said.
[26] Israel lauds increasing bilateral trade ties
Athens, 31/01/1998 (ANA)
Israel's trade attachi in Athens expressed satisfaction
yesterday over economic co-operation between Greece and Israel,
while speaking at a press conference focusing on his country's
participation in this year's 'Agrotica' exhibition in
Thessaloniki.
Doron Abrahami noted that in past years, and specifically since
1993, bilateral trade has increased by 50 per cent, now totaling
US$300 million.
Mr. Abrahami said Israel has become the second most important
market in the Middle East for Greek exports, while Greece is in
eighth position among the 15 European Union markets for Israeli
products.
He also underlined Greece's position as "the gateway of the
Balkans" and the interest of Israeli businesses for co-operation
with Greek enterprises with the purpose of entering Balkan
markets.
In the framework of Israel's participation in Agrotica, the
Netafim company is organizing seminars for farmers over the
implementation of new cultivation methods, particularly for the
cultivation of bio-organic products.
End of English language section.
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