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Athens News Agency: Daily News Bulletin in English, 02-10-04Athens News Agency: Daily News Bulletin in English Directory - Previous Article - Next ArticleFrom: The Athens News Agency at <http://www.ana.gr/>September 4, 2002CONTENTS
[01] Gov't employment policy a success, PM saysAthens, 04/10/2002 (ANA)By the end of its four-year term, the government may even have exceeded its target of creating 300,000 new jobs, Prime Minister Costas Simitis said on Thursday, following a meeting of the cabinet to discuss employment issues.Expressing satisfaction with the success of government employment policies, Simitis said these were effective and had driven unemployment levels to single-digit figures (9.6 per cent in the second quarter of the year) for the first time since 1997, down from 10.2 per cent in 2001. The premier said Thursday's cabinet meeting had focused on planning to create 5,000 work opportunities for women with three children and one-parent families, 5,000 work opportunities for young people aged 18 to 30, with preference for those who had not yet had a job, and 4,500 work placements for the long-term unemployed aged 45 to 60. Turning to international developments, Simitis noted the continued uncertainty in the global economy, with a recovery for Europe now pushed back to the second half of 2003. Similarly, uncertainty in international markets could be expected to get worse due to the crisis in Iraq and the prospect of war, he said. In spite of these developments, he added, the Greek economy had inner resilience that would allow it to withstand the pressure and continue its efforts for true convergence. ''We are working hard for the security and faith of Greeks that the moral and social injustice of unemployment will be fought,'' he said. Gov't close to meeting job creation pledge: The government is approaching its goal of creating 300,000 jobs and as many training opportunities for the unemployed during its four-year term of office, Labor Minister Dimitris Reppas said on Thursday. Speaking after a cabinet meeting on boosting employment, Reppas told a news conference that Greece was likely to near the European Union employment average before the end of the government's term in April 2004. In 2003 and the remainder of 2002, slated for creation were 86,500 jobs or employment opportunities for the jobless. In the second quarter of 2002, the jobless rate fell to 9.6 percent, dropping to a single digit for the first time in many years. At the same time, the government would not fall hostage to complacency, as the figure was still too high, Reppas said. A breakdown of categories of joblessness showed that the rate for males was 6.2 percent, lower than the EU average, and 14 percent for women, which drove up the overall index. Unemployment among youth had slipped to 18.7 percent, with the long-term unemployed falling to 4.7 percent. Of interest was a statistic that 18.3 percent of jobless recently offered a job turned it down, the minister said. In 2002, employment overall rose by 0.8 percent, and salaried employment by 1.9 percent. Finally, Reppas announced that unemployment benefit would rise by 7.7 percent from January 1, 2003. Replying to a reporter's question, the minister noted that the possibility of introducing part-time work into local government had been discussed at the cabinet meeting. Consensus between the government, employers and employees would be sought if the step were to be taken, he added. [02] FM discusses Kaliningrad issue with Russian envoyAthens, 04/10/2002 (ANA)Foreign Minister George Papandreou and Russian President Vladimir Putin's special envoy Dimitry Rogozin on Thursday discussed prospects of resolving the Kaliningrad issue.Earlier, foreign ministry spokesman Panos Beglitis referred to the issue during a press briefing and referred to communication problems which will be created between Russia and this region, which is part of Russia, after the accession of Poland and Lithuania to the European Union. Beglitis said the EU has examined the problem with the purpose of preserving good relations with Russia, as well as safeguarding acquis communautaire on circulation issues and the EU's common borders, pointing out that some proposals have been made by the EU which, however, have not been accepted by Russia. He added that in light of the assumption of the EU's presidency (in the first half of 2003), Greece is particularly interested in contributing to a solution to the issue since it does not wish it to be a problem capable of causing a crisis in relations between the EU and Russia. [03] Greek and Luxembourg defense ministers agree on IraqAthens, 04/10/2002 (ANA)Defense Minister Yiannos Papantoniou and his Luxembourg counterpart Charles Goerens on Thursday said they had identical views on the situation in Iraq, following a meeting in Athens.The two ministers asked that all options within the framework of the United Nations for avoiding military conflict be exhausted and that there be effective control of Iraq's armory. They also discussed instability in Kosovo and the Former Yugoslav Republic of Macedonia and called for the extension of the term of the military force stationed in the area and its replacement by a European force in 2003. Regarding Cyprus, Papantoniou said that its accession to the EU had been ensured and would take place at the end of the year when the Community enlarged. He noted that no progress had been made in negotiations for a solution to the political problem because of Turkish-Cypriot side's absolute intransigency, while expressing hope that Turkey would not react in such a way as to jeopardize its own chances of becoming an EU member. Finally, an article allowing Greek residents of Luxembourg to serve in the Luxembourgian army was added to an existing cooperation memorandum between the two countries. [04] Greek and Cyprus DMs discuss defense cooperationAthens, 04/10/2002 (ANA)Defense Minister Yiannos Papantoniou and his Cyprus counterpart Socrates Hasikos on Thursday reviewed issues concerning bilateral defense cooperation, particularly the confirmation of the joint defense pact between Greece and Cyprus.Papantoniou said prospects for resolving the Cyprus issue were discussed ''following the deadlock ascertained in talks between (Cyprus President Glafcos) Clerides and (Turkish Cypriot leader Rauf) Denktash.'' He further said ''this has nothing to do with the accession of Cyprus to the EU, which is certain now, which, as it is known, is not linked to a political solution to the problem'', adding that ''we are certainly pursuing it (a political solution) but cooperation by the other side is also necessary for the issue to close which, as it appears, does not exist.'' [05] Greece has not been asked to facilitate attack on Iraq, MP toldAthens, 04/10/2002 (ANA)Greece had received no requests on any level asking it to facilitate a possible attack on Iraq, Foreign Minister George Papandreou said on Thursday in Parliament, in response to questions from Communist Party of Greece (KKE) MP Orestis Kolozoff.In his question, Kolozoff quoted an article in the newspaper ''To Vima'', which claimed that the Souda naval base had already been mobilized in view of the US military operation and that this had been confirmed by top staffers at the National Defense ministry. Papandreou reiterated that the only way to solve the crisis in Iraq was through international law and by exhausting the available diplomatic means. He also asked Iraq and all other parties involved to respect the decisions of the United Nations so as to avoid a military resolution. He stressed that the Greek government was "acting so as to protect the country's interests". [06] FM starts round of meetings in light of Greek EU presidencyAthens, 04/10/2002 (ANA)Foreign Minister George Papandreou on Friday will meet with EU Trade Commissioner Pascal Lamy within the framework of meetings with all EU commissioners in the light of the upcoming Greek EU presidency.The foreign minister, as well as Alternate Foreign Minister Tassos Yiannitsis, will participate in a Friday noon meeting between Prime Minister Coasts Simitis and his Danish counterpart President of the European Council Anders Fogh Rasmussen, who is touring the EU capitals in the light of the upcoming unofficial European Council meeting on 24 and 25 October in Brussels. Papandreou on Monday will depart for Lausanne where he will meet with International Olympic Commission President Jacques Rogue to discuss issues related to the preparation of the Olympic Games, as well as initiatives for boosting the Olympic Truce idea. In Lausanne, the foreign minister will also meet with the president of UEFA to discuss the Greek-Turkish initiative for a joint candidacy to organize the European Soccer Championship in 2008. [07] EU trade commissioner Lamy in Athens talksAthens, 04/10/2002 (ANA)Visiting EU Trade Commissioner Pascal Lamy will hold separate meetings on Friday with national economy and finance minister Nikos Christodoulakis, foreign minister George Papandreou, and alternate foreign minister Tasos Yiannitsis.The talks will cover matters concerning Greece's preparations for its assumption of the EU presidency in the first half of 2003 that fall under his portfolio. This will be Lamy's first visit to Greece as an EU Commissioner. He is further scheduled to meet with environment, town planning and public works minister Vasso Papandreou, and deputy foreign minister Andreas Loverdos. On Thursday evening, Lamy will speak on Europe's role in the international economic system, during an event at the Old Parliament building hosted by the Athens-based Hellenic Foundation for European and Foreign Policy (ELIAMEP). [08] Alternate FM and Norwegian counterpart discuss EU enlargement, BalkansAthens, 04/10/2002 (ANA)Issues related to EU enlargement, the situation in the Balkans, and the future of the European Economic Space were discussed during a meeting Wednesday between Greece's alternate foreign minister Tasos Yiannitsis and visiting Norwegian foreign ministry state secretary Kim Traavik, who is responsible for European issues.A foreign ministry announcement said Thursday that Yiannitsis outlined the upcoming Greek EU presidency's priorities and Greece's views on the fundamental aspects of EU enlargement, as discussed at the EU Council of Ministers' General Affairs meeting earlier this week concerning the fiscal and institutional repercussions, Cyprus course to EU accession, and the European prospects of Turkey, Bulgaria and Romania. During the exchange of views that followed, the situation in the Balkans was examined and both sides placed priority on stability in the region and its European prospect, as well as on the provision of the necessary bilateral and multilateral assistance, the announcement said. Also discussed were the future of the European Economic Space and the EU policy on fishing, issues of particular interest to Norway, and the immigration issue. The two sides further examined specific ways of advancing their cooperation in view of the Greek EU presidency in the first half of 2003. [09] Greece reiterates support for Albania's EU convergenceAthens, 04/10/2002 (ANA)Albania's European course and the prospect for the beginning of negotiations for a stability and association agreement with the European Union were the focus of Thursday's meeting between Alternate Foreign Minister Tassos Yiannitsis and visiting Albanian Minister of State at the Prime Minister's Office for EU Integration Sokol Nako.During the meeting, the Greek minister reaffirmed Athens' support for Albania's convergence with the EU and reiterated Greece's will to assist Albania with the completion of relative legislative and administrative changes. The joint Greek-Albanian Commission also had a meeting on Thursday within the framework of the Albanian government official's visit, focusing on the provision of know-how to the Albanian side on issues pertaining to the adjustment of the country to the acquis communautaires. [10] PM touches on local gov't elections during Cabinet meetingAthens, 04/10/2002 (ANA)Prime Minister Costas Simitis referred to this month�s local government elections around the country during Thursday�s Cabinet meeting, noting that the next 10-day period will determine the fate of local communities over the next four years.He also criticized the main opposition for what he called its tactics of �danger-mongering and promoting discord�. The prime minister told his ministers that they should mobilize on the side of ruling PASOK�s candidates and the country�s citizenry [11] ND objects to proposal over election rollsAthens, 04/10/2002 (ANA)A proposal by the interior ministry to allow citizens whose names are not listed on recently computerized and updated election rolls has been abandoned following objections by main opposition New Democracy.According to Interior and Public Administration Minister Costas Skandalidis, who spoke to reporters shortly before he attended a Cabinet meeting on Thursday, the government proposed allowing such individuals the right to vote if they presented their police ID card or passport during the upcoming Oct. 13 and second round Oct. 20 local government elections. The government�s proposal had been made late Wednesday evening to the non-partisan committee supervising the elections. A projected amendment would have provided for criminal charges in case election fraud was committed. Meanwhile, Skandalidis dismissed charges by the municipality of Athens� leadership that he was to blame for the omission of citizens� names from election rolls. ND comment: "For two years now, New Democracy has continuously tabled the issue of election rolls. Mr. Skandalidis, until yesterday, was telling us that there is no problem, whereas today he discovered that chaos reigns and that he can't find a solution. This admission, coming after the fact, does not acquit him of his responsibilities," ND secretary Vangelis Meimarakis said. [12] Main opposition leader comments on terrorism, unemploymentAthens, 04/10/2002 (ANA)Defending Greece's hard won democracy in accordance with the Constitution demanded the constant and dynamic presence of every Greek citizen, main opposition New Democracy leader Costas Karamanlis said on Thursday.He was commenting on Tuesday's demonstration against 'state terrorism' in Athens and Wednesday's firebomb attack on the Athens newspaper ''Apogevmatini''. The main opposition leader also attacked the government, accusing it of ''initiating dialogue with terrorists'' and being dangerously irresponsible. Karamanlis noted that terrorism was a perversion of all political thought and should not be able to find anyone to converse with in a democratic state. He stressed that, out of respect for the memories of the victims, the country had to be strictly dedicated to the effort to fully break up terrorism in Greece. In other statements on Thursday, meanwhile, the ND leader strongly criticized the government's policies against unemployment. Emerging from a meeting of ND's labor sector, Karamanlis said the government figures for unemployment were unreliable - pointing to past experience with public debt - and he stressed that the government wanted to hide the truth. According to Karamanlis, the present government held the record for unemployment levels in Greece, which was the only EU country where joblessness was rising, while percentage unemployment among young people, women and the long-term unemployed was nearly double the equivalent percentages in Europe. Twenty-three years after joining the EEC, social indicators in Greece were behind those in countries outside the EU, such as the Czech Republic of Estonia, he added. Unemployment affected every home, since one in 10 Greeks was unable to find work and one in two young people were unable to find work. Greeks could not feel safe when they did not have the fundamental right to work. He said a new economic policy was needed that focused on competitiveness, development and employment because this was the only way to create new jobs that would ensure a society with cohesion, solidarity and justice. [13] Reactions to firebomb attack on 'Apogevmatini' paperAthens, 04/10/2002 (ANA)The government on Thursday strongly condemned the firebomb attack against the Athens newspaper ''Apogevmatini'' by hooded anarchists the previous day, saying that its target was the freedom of the press and the free expression of ideas.''We must all stand united against actions that target the free movement of ideas,'' government spokesman Christos Protopapas said and stressed that the government would seek the arrest and punishment of those involved. Asked to comment on rumors regarding 'precautionary' arrests, Protopapas said that the government respected the constitutional rights of Greeks and would not accept a climate that put the democratic rights of citizens into question so as to provide justification for those that questioned democracy. He ruled out so-called ''precautionary arrests'', which he said would reduce the democratic rights of citizens and would cast a shadow over the government's successes against terrorism. The spokesman also answered earlier statements by main opposition New Democracy, urging it not to make irresponsible and populist statements. Commenting on the attack earlier, ND leader Costas Karamanlis had accused the government of ''initiating dialogue with terrorists'' and being dangerously irresponsible. Karamanlis had noted that terrorism was a perversion of political thought and should not be able to find anyone to converse with in a democratic state. He also stressed that, out of respect for the memories of the victims, the country had to be strictly dedicated to the effort to fully break up terrorism in Greece. In a message to the general public, meanwhile, the main opposition leader had said that defending Greece's hard won democracy in accordance with the Constitution demanded the constant and dynamic presence of every Greek citizen. The attack on Apogevmatini was also condemned on Thursday by the General Confederation of Workers of Greece (GSEE), the country's largest umbrella trade union organization, and the Athens bar. The attack on Apogevmatini occurred on Wednesday evening, when a group of 30 masked assailants stormed the entrance of the building and began vandalizing the interior and cars parked outside. They then lobbed three firebombs into the paper's offices, causing even more damage, and ran off down side streets leading off Panepistimiou Avenue in busy downtown Athens. [14] 'N17' probe the focus of Parliament questionAthens, 04/10/2002 (ANA)The timely issue of urban terrorism in the country and the three-month-long campaign to eradicate the notorious �November 17� terrorist group dominated Thursday�s deliberations in Parliament, following a tabled question by one veteran ruling PASOK deputy towards the justice minister.In reply to a question by Piraeus district MP and former minister Yiannis Kapsis, Justice Minister Philippos Petsalnikos said there is absolutely �no invisible hand� impeding investigations into the �N17� case. �Any such claims are pure fantasy,� he stressed. Additionally, he said judicial authorities will, if deemed necessary, subpoena anyone with information into the affair, something that does not preclude the assistance of third countries through bilateral protocols. On his part, Kapsis derided a rally in downtown Athens on Wednesday of around 900 demonstrators ostensibly protesting local media coverage of the �N17� investigation. Chants in support of the ultra-leftist terror band, the 17 jailed �N17� suspects and even derogatory slogans against several victims of terrorism were aired at the closely policed march. He also condemned the firebombing of an Athens daily�s (Apogevmatini) main entrance late Thursday by a group of hooded youths authorities described as self-styled anarchists. Suspect 'N17' booty discovered: In a related development on Thursday, a box filled with almost 20,000 euros was discovered near the island villa frequented by the reputed leader of the terrorist group, Alexandros Giotopoulos. Speculation by authorities centers on whether the money is related to a string of bank robberies blamed on the elusive terrorist group. Giotopoulos has denied any involvement with the group in repeated testimony to investigating magistrates. He has been jailed since July on several felony counts relying on statements of other suspects and physical evidence, court documents state. According to reports, the anti-terrorism squad located the euro cache on the small Dodecannese island of Leipsoi from information supplied by another suspect. Police only announced that the person supplying the information is being held at Korydallos prison, where all 17 �N17� suspects are jailed. The summer home on the island, owned by the man�s long-time French companion, had repeated been searched by authorities since the 59-year-old Paris-born Giotopoulos was arrested on the island. The box was found hidden among the rocks just above the house. [15] Minister files suit against radio station over tram route criticismAthens, 04/10/2002 (ANA)Fallout from last week�s decision to axe a proposed tram route in downtown Athens -- sparked by concerns that tram car vibrations could damage a well-known Roman-era monument -- continued into this week with a clash between the culture minister and media critics.Culture Minister Evangelos Venizelos, in fact, raised the stakes on Thursday by filing a more than two-million-euro lawsuit against a popular Athens news radio for he called a �defamation of his character�. Venizelos, a noted constitutional scholar, also charged that while SKAI radio was lambasting him along with the government for the route change and the two million euros of incurred costs, an Athens daily (Kathimerini) belonging to the same publishing group as the radio station has vociferously criticized the government over the construction of an Olympic rowing center at the Schinias site. Kathimerini has vigorously voiced its criticism over Olympics-related construction near the site where the battle of Marathon took place in antiquity, especially after three Bronze Age settlements were unearthed during excavation works last month. Venizelos said that although the radio station and newspaper were taking him to task for requesting that tram cars avoid passing in front of Hadrian�s Arch, they nevertheless pressed for a cancellation of the Schinias Olympic center, which he said would tack on some 150 million euros in extra costs. Conversely, a main opposition New Democracy spokesman on Thursday later accused the culture minister of initially promising the use of special shock-proof materials to build the tram line in front of the monument only reverse himself several months later and request a route change from the consortium building Athens� new tram network. �Mr. Venizelos, instead of pretending that he does not comprehend the obvious, should accept reality. And in the case of the tram the Simitis government is accountable for mistakes and omissions that have a very high cost for Greek taxpayers,� ND spokesman Thodoris Roussopoulos said. [16] Dora Bakoyianni says she will complete four-year mayorshipAthens, 04/10/2002 (ANA)Athens mayoral candidate Dora Bakoyianni, speaking at a Foreign Press Correspondents luncheon on Thursday, said that if she is elected mayor of Athens she will complete her four-year period of office.Bakoyianni, a deputy for the main opposition New Democracy party and daughter of former ND Prime Minister Constantine Mitsotakis, said contesting the Athens mayorship is a great personal and political challenge. ''For me, the case of Athens is a great personal and political challenge. However, I believe that for the political world in its entirety, for Greek society, Athens at this conjuncture is one of the major political challenges of the years to come,'' she said. [17] Piraeus mayoral candidate reveals his ticket's programAthens, 04/10/2002 (ANA)Piraeus mayoral running candidate Manolis Beteniotis heading the ''Piraeus First'' combination, on Thursday revealed his ticket's program and promised a clean city with regular public transportation, less traffic and parking problems.Launching strong criticism against the incumbent mayor and calling his time in office ''the four years of opportunity lost'', Beteniotis said that his own aim was to turn Piraeus into an international cultural center, develop the ''assistance at home'' program and take measures for the elderly and the disabled. [18] Greece ranks eighth in EU as oil producerBRUSSELS 04/10/2002 (ANA/M.Spinthourakis)Oil deposits representing 10 million barrels have been located in Greece, the European Union's executive Commission said on Thursday.EU Energy Commissioner Loyola de Palacio was replying to a question submitted by Eurodeputy George Marinos of the main opposition New Democracy (ND) Party. In a statement, ND quoted Loyola as saying that Greece currently ranked eighth in the 15-member bloc with daily output of 5,600 barrels a day. Greece's Prinos deposit covered 1.4 percent of the country's consumption, the statement said. [19] Hellenic Petroleum wins Montenegro privatization tenderBELGRADE 04/10/2002 (ANA/N.Pelpa)The government of Montenegro has named Athens-quoted Hellenic Petroleum the winner of a tender to privatize 54.35 percent of Jugopetrol AD Kotor.Final negotiations for completion of the acquisition are to begin on October 5. Government officials said on Thursday that Hellenic had offered 65 million euros for the stake, also committing itself to investments in the near future totalling 35 million euros. The company had also offered 4.0 million euros to fund social programs in Jugopetrol, with another 1.5 million euros to be given to local government. The second best bid in the tender was from Lukoil of Russia at 35 million euros for the same stake, and 22 million euros in investments. Other bidders were OMV of Austria, INA of Croatia, and Petrol of Slovenia, the officials added. [20] Minister regrets non-ratification of Marco Polo programBRUSSELS (ANA - V. Demiris)Merchant Marine Minister George Anomeritis, speaking in Luxembourg on Thursday, expressed disagreement over the non-ratification of the European Union's Marco Polo program on the transportation of ships' cargoes by the Council of Transport Ministers. Anomeritis said Greece's position favored the generous funding of the Marco Polo program which constitutes an important program friendly for the environment which should be supported by all member-states. He added that it is strange that the European Commission and the European Parliament support the programs funding with 110 million euros, without contributions being sought from member-states, and certain northern countries request the programs funding with an amount ranging between 30-60 million euros. Despite compromise proposals submitted by the Danish presidency, the Council failed to reach an agreement. Anomeritis said these proposals were neither accepted by the European Commission nor Greece. Consequently, the issue is expected to be resolved during the Greek presidency (during the first half of 2003). [21] Greek mutual funds' assets decline in SeptemberAthens, 04/10/2002 (ANA)Greece's mutual funds' assets totalled 22.25 billion euros at the end of September, from 22.82 billion the previous month, a fall of 577.78 million euros or 2.53 percent in the month, official figures showed on Thursday.The mutual funds market has lost 16.98 percent of its assets so far this year, the Union of Institutional Investors said in a report. Domestic bond mutual funds are showing a return of 3.64 percent in 2002, with 22 out of a total 32 funds in the category recording returns of more than 3.0 percent. In the foreign bond mutual funds category, five out of a total 14 funds were registering returns of more than 3.0 percent, while the average return of the category was 1.14 percent so far this year. In the international bond funds category, six out of a total 17 funds showed returns of more than 3.0 percent with the average return of the category at 0.26 percent. Domestic money market funds' assets rose 1.93 percent in September, while international money market funds' assets jumped 10.13 percent over the same period. Domestic equity funds saw their assets drop by 13.12 percent, while returning -23.93 percent so far this year compared with a 29.1 percent drop in the general index of the Athens Stock Exchange. Domestic bond mutual funds' assets totalled 4.17 billion euros, off 0.30 percent from August, with Alpha Bond recording the highest return so far this year at 6.31 percent. Foreign bond funds' assets rose 0.50 percent to 503.07 million euros, with the average return of the category at 1.14 percent in September from 0.56 percent in August. Alpha European State Bonds ranked first with a return of 6.80 percent. International bond funds' assets eased 0.21 percent at 297.49 million euros. The average return of the category was 0.26 percent in September from -0.24 percent in August and Interamerican F&C Euro State Bonds ranked first with a return of 4.71 percent. Domestic money market funds' assets rose 1.93 percent to 9.08 billion euros with the average return of the category at 1.75 percent in September from 1.60 percent the previous month. Interamerican ranked first with a return of 2.53 percent. Foreign bond funds' assets increased 0.05 percent in September to 6.42 million euros. The average return of the category rose to 2.05 percent in September from 1.83 percent in August. International bond funds' assets jumped 10.13 percent to 38.52 million euros. The average return of the category was -1.86 percent in September from -1.83 percent in August, with Interamerican MM Euro returning 2.07 percent. Domestic bond funds' assets dropped 13.12 percent to 3.61 percent with the average return at -23.93 percent in September from -14.01 percent in August. Egnatia Athina ranked first with a return of -8.75 percent this year. Foreign equity funds' assets fell 8.07 percent to 254.70 million euros, with the average return at -30.36 percent in September from -22.24 percent in August. Alpha Trust Emerging Europe ranked first with a return of -1.44 percent in 2002. International equity funds' assets fell 29.65 percent to 53.71 million euros with the average return at -32.67 percent in September from -25.54 percent in August. ETBAbank P&K Capital PanEuropean Growth ranked first with a return of -7.68 percent this year. Domestic combined funds' assets fell 3.43 percent to 4.06 billion euros and an average return of -12.21 percent in September from -7.11 percent in August. Eurobank Rock ranked first with a return of 2.17 percent. Foreign combined funds' assets eased 6.74 percent to 3.12 million euros with an average return of -20.92 percent in September from -14.78 percent the previous month. Alpha Combined ranked first (-20.38 percent). International combined funds' assets fell 4.41 percent to 155.08 million euros. Average return was -11.46 percent in September from -8.68 percent in August. Delos PET was first (-3.67 percent). Mutual Funds Market Shares: 30/9/02 30/8/02 Change(%) BONDS 22.36 21.84 0.52 MONEY MARKET 41.04 39.23 1.81 EQUITY 17.63 19.77 -2.14 COMBINED 18.97 19.15 -0.18 [22] British competition, markets minister in AthensAthens, 04/10/2002 (ANA)Greek Alternate Foreign Minister Tassos Yiannitsis will receive visiting British Minister for Competition, Consumers and Markets Melanie Johnson on Friday at the foreign ministry.[23] Bourse chief says market slump due to global downturnAthens, 04/10/2002 (ANA)A weak performance by the Athens Stock Exchange is due to a downturn in global markets, bourse president Panayiotis Alexakis said in a statement on Thursday.Short selling on the derivatives market bore no blame for the slumping main market, which was tracking exchanges abroad, Alexakis added. [24] Greek stocks plunge 2.38 percent on ThursdayAthens, 04/10/2002 (ANA)Greek stocks plunged on Thursday as investors liquidated positions undermined by renewed pressures in international markets.The general index ended 2.38 percent lower at 1,771.78 points, easily breaking the 1,800 support level, with turnover a low 69.4 million euros. The Holding, Retail, Bank and Wholesale sector suffered the heaviest percentage losses of the day (4.46 percent, 3.91 percent, 3.76 percent and 3.28 percent, respectively), while the Telecommunications and Insurance sectors suffered less (1.55 percent and 1.33 percent respectively). The FTSE/ASE 20 index for blue chip and heavy traded stocks ended 2.96 percent lower, the FTSE/ASE MID 40 index dropped 2.48 percent and the FTSE/ASE SmallCap 80 index ended 2.53 percent lower. Broadly, decliners led advancers by 300 to 31 with another 23 issues unchanged. The most heavily traded stocks in value were Hellenic Telecommunications Organization, Football Pools Organization, Sex Form, Alfa Alfa, and National Bank of Greece. Derivatives Market Close: Turnover at 106.7 mln euros Thursday Equity Index Futures: Stock Futures: Day's Market Turnover: 106.7 mln euros Bond Market Close: Sellers outstrip buyers on Thursday Greek Benchmark 10-Year Bond [25] Matsushita welcomes progress in preparations for Athens OlympicsAthens, 04/10/2002 (ANA)Japanese electronics giant Matsushita on Thursday welcomed progress in preparations for the Athens 2004 Olympics.Officials of the global group that includes Panasonic and Technics visited the headquarters of the event's national organizers, received by managing director Yiannis Spanoudakis. An international sponsor of the Olympics, Matsushita is the 26th largest corporation globally, and the third largest in the world in the electrical and electronic goods sector. [26] Vartholomeos discusses inter-religious dialogue with EU Commission presidentBRUSSELS 04/10/2002 (ANA - A. Kourkoulas)Ecumenical Patriarch Vartholomeos and European Commission President Romano Prodi discussed the Patriarchate's initiatives on dialogue between religions and problems facing the Patriarchate in Turkey during their meeting on Thursday.Speaking to reporters afterwards, Vartholomeos said he and Prodi discussed the Patriarchate's initiative for an inter-religious dialogue and international ecological seminars it is jointly organizing with the European Commission. He also said he briefed Prodi on problems facing minority institutions in Turkey, as well as problems faced by the Patriarchate due to the continuing ban on the Halki Theology Academy's operation. Replying to questions by Prodi, Vartholomeos explained that the law adopted by the Turkish National Assembly on handling the problems of minority institutions does not remedy existing problems. Vartholomeos and Prodi also discussed the possible creation of a single Christian Orthodox voice in the European Union. Vartholomeos had discussed the same issue in Athens with Archbishop of Athens and All Greece Christodoulos to coordinate actions between the two Churches to restore single Christian Orthodox representation in Brussels. [27] Greece rates both ''good'' and ''poor'' in EU drug-agency reportAthens, 04/10/2002 (ANA)Greece rates positively in prevention measures against drug abuse and the implementation of official detoxification programs, but ranks among the EU countries with insufficient programs for methadone cure and lacks in alternatives for combating drug use among prison inmates, the European Monitoring Center for Drugs and Drug Addiction reported on Thursday.Greece, Germany, France, Ireland, Holland and Great Britain are developing data bases for assessing and monitoring national prevention coverage, the EU drug agency said in its annual report, adding that the measures taken against hepatitis B were satisfactory and that the percentage of users infected with HIV, ranging from 0-2.2% in Greece, was restricted. It was further concluded from the report that during 2000, 660 kilos of heroin were confiscated in Greece, while in comparison to 1991, arrests for drug-related crimes rose by 420%, one of the highest increases in the EU along with Ireland. The report said in the EU there were two to nine drug users per 1,000 population aged between 15-64, while the percentage of young adults that have made use of cannabis ranges between 5-15%; amphetamine users range between 0.5-6 percent, cocaine users 0.5-3.5 percent and ''ecstasy'' 0.5-5 percent. Commenting on the report findings, PASOK Eurodeputy Meni Malliori said in a release on Thursday that for the first time the data of the European Monitoring Center for Drugs and Drug Addiction annual report allowed for some controlled optimism. [28] UN talks on Cyprus startUNITED NATIONS 04/10/2002 (CNA/ANA)As the UN Secretary-General Kofi Annan meetings with President Glafcos Clerides and Turkish Cypriot leader Rauf Denktash got underway on Thursday, the two leaders earlier in the day held a series of deliberations with US and UN officials.Annan's meeting with President Clerides took place at 1200 local time and with Denktash half an hour later, at UN headquarters. Meanwhile, the issues which will be raised during the next couple of days were discussed at a meeting Clerides had with UN Special Adviser, Alvaro De Soto. Diplomatic sources said the issues concern sovereignty and the continuation of the existence of the Republic of Cyprus, within the framework of a Cyprus settlement. The same sources said Kofi Annan is expected to exert pressure on Denktash to submit proposals on the territorial issue. The UN Chief was to inform later on Thursday evening both sides on Friday's schedule of meetings. Alvaro De Soto also met earlier Thursday with the Turkish Cypriot leader and discussed with him the issues of Thursday's talks with Kofi Annan. In another development, the UN does not have any information about Rauf Denktash's health. Turkish sources said Denktash will leave New York on Tuesday after undergoing an angioplasty over the weekend. Denktash underwent an angiogram on Wednesday at New York's Methodist Hospital and was scheduled to attend the meetings with Annan. Attending the President's meeting with De Soto at the Waldorf Astoria Hotel were Foreign Minister Ioannis Kasoulides, Attorney-General Alecos Markides, Government Spokesman Michalis Papapetrou, Undersecretary to the President Pantelis Kouros, Cyprus' Permanent Representative at the UN Sotos Zakhaios and the Director of the Foreign Minister's office, Andreas Mavrogiannis. Meanwhile, US State Department's Special Coordinator, Ambassador Thomas Weston, said the US look forward to the talks Clerides and Denktash will have with Kofi Annan. He spoke after meeting Denktash in the presence of the latter's advisors Elgun Olgun, Mumtaz Soysal and Osman Ertug. Weston said the two "had a very good discussion" and ''I think he (Denktash) is looking forward to the talks, in the next two days and we are certainly looking forward to it in a hopeful way". He also said he was pleased to see that Denktash "was doing very well". [29] Annan: UN will try hard for an agreement by end of year on core issuesAthens, 04/10/2002 (ANA)The UN will try hard to bring the Cyprus peace talks ''to a closure'' by the end of the year and the parties to come to an agreement on the core issues, said Kofi Annan, speaking to journalists at the organization's headquarters, on Thursday.Replying to questions Kofi Annan said that in Thursday's meeting he hopes that the UN ''will assess what progress has been made since they last met in Paris and what they need to do to accelerate the process''. ''We are going to try and do as much as we can do to come to an understanding and bring the talks to a closure, at least come to an agreement on the core issues by the end of the year. That is the target'', the Secretary-General underlined. He cautioned that ''if we miss that, obviously, we will have to find ways of bringing it to a closure beyond that date. But I hope we can do it before the end of the year''. To a question if he plans to bring any new element or tactic in the Cyprus talks, he answered with a big laugh: ''They may have some tactics and surprises for me''. [30] Denktash warns Cyprus will remain divided forever if it joins EUAthens, 04/10/2002 (ANA)Turkish Cypriot leader Rauf warned Cyprus would remain divided forever if the island joins the European Union (EU).In a statement on Thursday here, on his way to his meeting with Secretary-General Kofi Annan, Denktash said, ''if the EU takes Cyprus as a member, talks are ended and Cyprus is divided for ever''. His remark came as the UN Chief is trying to achieve some progress in the stalled UN-led direct talks, aiming at a comprehensive settlement, with new meetings with the Turkish Cypriot leader and Cyprus President Glafcos Clerides. Denktash is backed by Ankara in making his statements, saying that such a move would destroy the peace process. Furthermore Denktash insists on his firm position for recognition of his self-styled regime in Turkish occupied Cyprus, on the abolition of the Republic of Cyprus and refuses to discuss the territorial issue, one of the core issues at the negotiating table. [31] President meets British, US envoysAthens, 04/10/2002 (ANA)President Glafcos Clerides exchanged views and assessed the current state of affairs in the Cyprus peace effort with the British and American representatives for the question of Cyprus, Lord David Hannay and Ambassador Tomas Weston.''These meetings have confirmed the overall impression that no surprises are expected here in New York,'' Cyprus government spokesman Michalis Papapetrou said after the meetings, adding that UN Secretary General Kofi Annan does not intend to present the Greek Cypriot and the Turkish Cypriot sides with any proposals at his meetings here on Thursday and Friday. Papapetrou said the president ''exchanged information and assessment with regard to the New York talks he will have with Annan and Denktash.'' Asked to comment on Denktash�s rejection of Annan's position that talks should continue after December, the spokesman said the Turkish Cypriot leader has become hostage to the threats Ankara has leveled against Cyprus in the event of accession prior to a political settlement. Turkey has repeatedly warned of a crisis if the EU decides to invite the Republic of Cyprus to join the Union at the December EU summit. Annan had said that peace negotiations will continue after December if there is no settlement by that time. ''Denktash should have taken heed of the statement by Turkish premier that it is not the end of the world if Cyprus joins the EU without a settlement and he should have second thoughts on the matter,'' Papapetrou said. He pointed out that the Greek Cypriot side will continue in earnest the effort to find a settlement after accession. Speaking after his meeting with President Clerides, the US State Department special coordinator for Cyprus said he had a ''very good meeting'' and was happy to see the president ''do what he is doing which I think he does very very well.'' ''We are looking forward to the discussions that take place the next few days and we are hopeful of very good results from those discussions,'' Weston added. He said he plans to see Denktash before leaving New York for Washington. Lord Hannay did not make any statements to the press after his meeting with the Cyprus President. [32] Bush committed to supporting peace effort in CyprusWASHINGTON 04/10/2002 (CNA/ANA)US President George Bush has expressed his continuous commitment to the effort underway to find a comprehensive settlement in Cyprus.He also praised President Glafcos Clerides' courage and leadership to work in that direction and called on all interested parties to be flexible and constructive. In a congratulatory message on Independence Day for the Republic of Cyprus, Bush welcomed this occasion and reaffirmed the strong friendship between the two countries. ''The US remains firmly committed to supporting efforts to find a comprehensive, just and lasting solution to the differences that have divided Cyprus for far too long,'' Bush said in his message. ''As we work hard on this issue in the crucial weeks and months ahead,'' he said, ''I greatly appreciate your courage and determined leadership and encourage all concerned parties to remain flexible and constructive,'' the US president said in his message. Bush conveyed his best wishes to President Clerides and the people of Cyprus for the coming year. Cyprus celebrated the 42nd anniversary of its independence from British colonial rule on October 1 with an impressive military parade. [33] Turkish Cypriot journalists releasedNICOSIA 04/10/2002 (CNA/ANA)The Turkish occupation regime has released the editor-in-chief of Turkish Cypriot daily ''Afrika'', formerly ''Avrupa'', Sener Levent, and journalist Memduh Ener of the same paper, who were found ''guilty'' of ''libel'' against Turkish Cypriot leader Rauf Denktash, the Turkish occupation army and ''motherland'' Turkey, and given a six-month ''jail sentence'' each.Commenting on their release, President of the Union of Cyprus Journalists (UCJ) Andreas Kannaouros said it was a victory of the Turkish Cypriot journalists and others struggling for freedom of expression in the areas occupied by Turkey since its 1974 invasion of the island. Kannaouros also mentioned UCJ efforts against ''this illegal, brutal 'imprisonment' of the two journalists''. He added that ''intense pressure was exerted on behalf of international press organizations, the EU, the Council of Europe, the International Press Institute, governments and the UN, which resulted in the release of the Turkish Cypriot journalists''. Kannaouros pointed out however that ''of course, the journalists and the newspaper are still being persec Athens News Agency: Daily News Bulletin in English Directory - Previous Article - Next Article |