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Athens News Agency: Daily News Bulletin in English, 01-08-09

Athens News Agency: Daily News Bulletin in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

August 9, 2001

CONTENTS

  • [01] Senior PASOK members proposing radical changes in charter, organization and policies
  • [02] ND meeting examines more effective cooperation and coordination of secretariats' action
  • [03] Agreement signed by Macedonia-Thrace border representatives
  • [04] Thessaloniki prefect and Turkish consul discuss city's prospects
  • [05] Free Citizens Movement leader says Crete improving growth rates alone
  • [06] Local human rights group offers solidarity to Turkish hunger strikers
  • [07] Australian bidder tipped to up stakes in sale of Olympic Airways
  • [08] Greek investment firms' assets unchanged in July
  • [09] Greek aviation legislation being harmonized with international rules
  • [10] Gov't issues guides on funds for small tourism firms
  • [11] Alpha Bank launches new website
  • [12] Piraeus Bank's CEO resigns
  • [13] Greek stocks remain under pressure, end lower
  • [14] Ceremony for victims of 1943 Nazi massacre
  • [15] Panathinaikos beats Slavia Prague 2-1 in Champions League third qualifying round match
  • [16] Athens 2004 Organizing Committee members have average age of 36
  • [17] President Clerides says no meeting between him and Denktash has been set

  • [01] Senior PASOK members proposing radical changes in charter, organization and policies

    Athens, 09/08/2001 (ANA)

    Prime Minister and PASOK leader Costas Simitis is receiving many proposals, through party secretary Costas Skandalidis, on the party's October congress, some of which have already been publicized.

    According to reports, Simitis has postponed his holidays on the island of Sifnos, he will be leaving on Friday, to prepare both his address at the Thessaloniki International Fair (TIF) and to study proposals made by party members, particularly those concerning the new charter, as well as those proposing a change in policy on various issues.

    Simitis will also be informed on the text of positions on the congress during his holidays on the island. He is expected to send the text on the new charter, together with his observations, to Skandalidis on Wednesday night, which he in turn will be delivering to the members of the relevant committee on Thursday.

    Finalized positions should be ready by corresponding committees after the summer holidays to be placed at the disposal of the Executive Bureau at the end of August.

    Afterwards, they will be discussed by the Central Committee and then they will be sent to the delegates as main proposals for ultimate ratification.

    Reports said that Papandreou is proposing considerable changes in the process of electing the party's agencies.

    Among others, proposals have already been made by Foreign Minister George Papandreou, Development Minister Nikos Christodoulakis and Minister of Macedonia and Thrace George Paschalidis.

    [02] ND meeting examines more effective cooperation and coordination of secretariats' action

    Athens, 09/08/2001 (ANA)

    Main opposition New Democracy party Central Committee secretary Evangelos Meimarakis on Wednesday chaired a meeting on more effective cooperation and the coordination of party secretariats' action.

    Draft regulations for the operation of the Central Committee and the Regional Organization, which will be finalized by the end of September, as well as the further planning of tours by Central Committee members in rural areas in the framework of the party's communication with citizens, was discussed.

    "The problems of the Greek people are many and crucial, but the government is not preoccupying itself with them. On the contrary, ND is listing them, highlighting them and, with its initiatives, it is preparing to give necessary solutions with seriousness and responsibility," Meimarakis said afterwards.

    [03] Agreement signed by Macedonia-Thrace border representatives

    Athens, 09/08/2001 (ANA)

    A cooperation agreement was signed by representatives from border and cross-border regions from Eastern Macedonia-Thrace, who on Wednesday gathered in Komotini under the aegis of the Eastern Macedonia-Thrace Region.

    The cooperation pact aims to establish an information network, as well as further strengthen friendly relations between nations bordering this area.

    Other objectives include the development of technology and the promotion of common initiatives in the economic, cultural and social spheres with the European Union as well as all neighboring countries.

    [04] Thessaloniki prefect and Turkish consul discuss city's prospects

    Athens, 09/08/2001 (ANA)

    Thessaloniki Prefect Costas Papadopoulos was visited on Wednesday by Turkey's consul Seskin Cetineli who expressed Turkey's interest in closer cooperation with Greece. On his part, Papadopoulos spoke of the city's possibilities and prospects and the role it plays in the wider Balkan region.

    [05] Free Citizens Movement leader says Crete improving growth rates alone

    Athens, 09/08/2001 (ANA)

    Free Citizens Movement (FCM) leader and Athens Mayor Dimitris Avramopoulos, currently on a four-day tour of Crete, spoke in Irakleio on Wednesday of the abandonment of Crete and the government's indifference towards the island.

    "Crete succeeded in improving growth rates alone," he said, adding that perhaps because some considered it a certain political partner they abandoned it and traces of abandonment and indifference can now be felt.

    Avramopoulos said a new era will begin for all of the Greek countryside through his party's proposals and programs.

    "The FCM's substantive relation will start in Crete with the citizens who, I should tell you, are free by their own will, regardless of the political sector they come from," he said.

    [06] Local human rights group offers solidarity to Turkish hunger strikers

    Athens, 09/08/2001 (ANA)

    The Greek Committee for Solidarity Towards Turkish and Kurdish Political Prisoners returned from its recent visit to neighboring Turkey (Aug. 3-5), with members giving a press conference in Athens on Wednesday.

    Among others, members of the group said oppressive police measures are being intensified in Turkey, while Ankara is also attempting to completely isolate Turkish and Kurdish hunger strikers supporting political prisoners - nearly 10 months after bloody uprisings began in many of the neighboring country's prisons.

    [07] Australian bidder tipped to up stakes in sale of Olympic Airways

    Athens, 09/08/2001 (ANA)

    Integrated Airline Solutions (IAS) of Australia is reportedly planning to make a new, improved bid in a government tender to privatize a majority holding in Olympic Airways, the ailing national carrier, industry sources said on Wednesday.

    On Friday, IAS had complained to the European Commission that 22 terms of its initial bid worth 350 million euros had been ignored by the government's consultant in the tender, Credit Suisse First Boston.

    The bid by IAS, which reportedly has the backing of Olympic's pilots, was for up to 100 percent of the airline. Officials of the pilot's union confirmed that the Australian group was working on a fresh bid but declined to give detail.

    The government has begun negotiations with Axon Airlines of Greece, the frontrunner in the tender following the evaluation of offers from four bidders by Credit Suisse First Boston. The talks are due to resume on August 19 after a summer break.

    Transport and Communications Minister Christos Verelis has said that negotiations should last for about two months.

    The talks are being conducted by a committee comprising representatives of the state's Council of Law, the tender consultants, and the ministries of national economy, finance and transport.

    At the same time, the government would also be in touch with two of the other bidders - Cyprus Airways and Integrated Airline Solutions of Australia - in order to check the consortiums' finances and that their members were still committed, Verelis said. He also repeated that the sale carried two main conditions - that no jobs would be lost and that the ailing airline's financial viability would be assured.

    The extended deadline for bids was June 18, and four groups submitted separate offers - Axon Airlines SA, Golden Aviation Services (of the Restis shipping group), IAS, and Cyprus Airways.

    IAS, which had pulled out of the tender as it could not meet the original deadline, returned to the bidding due to the extension.

    Credit Suisse First Boston has said that bids should meet the following criteria set by the government:

  • Olympic Airways should operate mainly as an airline after its privatization; retain its trade name for a specified period of time; and use the Eleftherios Venizelos airport as the main base for its aircraft

  • The privatized firm should have the financial strength and administrative capacity to post growth as a financially viable company with long-term prospects

  • Risks and commitments for the state and for companies that remain part of the Olympic Airways Group should be minimized after restructuring

  • The transaction should ensure the greatest possible financial benefit for the state.

    [08] Greek investment firms' assets unchanged in July

    Athens, 09/08/2001 (ANA)

    Greece's investment firms' assets were unchanged at 745.1 billion drachmas at the end of July, compared with the previous month, figures from the Union of Institutional Investors showed on Wednesday.

    Out of a total 17 investment firms in the sector, two were trading with a premium and the remaining 15 with a discount ranging from 10 percent to 33.6 percent.

    The investment index increased 10.9 percent in July, against a 0.5 percent drop in the general index of the Athens Stock Exchange, for a decline of 34.4 percent this year compared with a decline of 19.5 percent in the general index over the same period.

    [09] Greek aviation legislation being harmonized with international rules

    Athens, 09/08/2001 (ANA)

    Greek aviation legislation is being harmonized with international rules regarding the granting of civil aviation degrees and the licensing of flight personnel.

    Transport and Communications Minister Christos Verelis signed a relevant decree on Wednesday, which is based on the Jar-FCL1 manual and partially on Annex 1 of the Chicago agreement on "International Civil Aviation."

    According to an announcement by the ministry, possible new editions of the JAA and the Chicago agreement will be included in Greek legislation with future decisions by the transport and communications minister.

    [10] Gov't issues guides on funds for small tourism firms

    Athens, 09/08/2001 (ANA)

    The Greek National Tourism Organization (GNTO) announced on Wednesday that it had published user guides on a government plan to boost competitiveness among small and medium sized tourism enterprises (SMEs) and spur quality in small-scale accommodation.

    The development ministry's program for SMEs has a budget of 43.3 billion drachmas, with 37.6 billion drachmas allocated to encouraging modernization and quality in small hotels and rented rooms, GNTO president Evgenios Yiannakopoulos said.

    [11] Alpha Bank launches new website

    Athens, 09/08/2001 (ANA)

    Alpha Bank, the country's second largest bank and a blue chip on the Athens bourse, on Wednesday presented its up-graded website on www.alpha.gr and www.alphabank.com

    The site includes detailed information on the bank's retail and corporate products and services, financial reports and an on-line help desk, Alpha said in a statement.

    [12] Piraeus Bank's CEO resigns

    Athens, 09/08/2001 (ANA)

    Piraeus Bank's board of directors on Wednesday approved the resignation of David Watson, the bank's chief executive.

    Watson cited personal reasons for his resignation.

    Stylianos Golemis, a Greek businessman, was elected new board member to replace Watson.

    Mihalis Sallas, the bank's chairman, will supervise the bank's commercial activities while Iakovos Georganas, Piraeus Bank's vice-chairman, will supervise all investment activities.

    Watson will retain the supervision of the bank's international expansion (Albania, Bulgaria, Romania and the US).

    [13] Greek stocks remain under pressure, end lower

    Athens, 09/08/2001 (ANA)

    Equity prices remained under pressure to end lower for the third consecutive session on the Athens Stock Exchange on Wednesday.

    Traders said market sentiment remained bearing on the aftermath of disappointing results announced by major commercial banks.

    Bank stocks were particularly hit, with National Bank and Eurobank suffering the heaviest losses (2.44% and 2.29% respectively).

    The general index ended 1.26 percent lower at 2,635.84 points, off the day's lows of 2,627.14, with analysts predicting that the index would find support within the 2,680-2,730 levels.

    Turnover was a disappointing 122.14 million euros, or 41.62 billion drachmas.

    The FTSE/ASE 20 index for blue chip and heavy traded stocks ended at 1,478.39 points, off 1.51 percent, the FTSE/ASE 40 index eased 1.12 percent to 300.58 points, and the FTSE/ASE SMALLCAP 80 index ended at 871.37 points, off 0.43 percent.

    The parallel market index for smaller capitalization stocks ended at 257.22 points, off 0.30 percent.

    Broadly, decliners led advancers by 209 to 117 with another 25 issues unchanged.

    Giannousis, Evrofarma, Fanco, Lanacam, Danielides, ETBA-bank, Doudos, Nestos, Betanet and Vovos scored the biggest percentage gains, while Neorion, Alysida, Paperpack, Mohlos, Electra, Tzirakian, European Credit, Technodomi and Egnatia Bank suffered the heaviest losses.

    Doudos, Giannousis, Alpha Bank, National Bank and Commercial Bank were the most heavily traded stocks.

    Bond prices nose up in heavy trade: Bond prices in the domestic secondary market on Wednesday finished slightly higher in heavy trade.

    The Greek benchmark 10-year bond showed a yield of 5.39 percent, and the yield spread over German bunds was 48 basis points.

    Turnover through the central bank's electronic system totalled 927 million euros.

    Buy orders accounted for the bulk of turnover.

    Equity futures slump in heavy trade: Equity futures traded on the Athens Derivatives Exchange ended at discount in heavy, volatile trade on Wednesday, tracking a jittery main market.

    Changing hands were 10,164 contracts on turnover of 69.0 billion drachmas.

    [14] Ceremony for victims of 1943 Nazi massacre

    Athens, 09/08/2001 (ANA)

    A ceremony in memory of 317 civilian victims massacred by Nazi occupation troops in World War II will be held on the anniversary of their execution on August 16 in the village of Kommeno in Arta.

    Those executed by Nazi soldiers in 1943 included 119 women and 97 children.

    [15] Panathinaikos beats Slavia Prague 2-1 in Champions League third qualifying round match

    Athens, 09/08/2001 (ANA)

    Panathinaikos Athens beat Slavia Prague 2-1 in a Champions League third qualifying round first leg match played in Prague on Wednesday night.

    Panathinaikos scored with Nikos Lymberopoulos in the 25th minute and George Karagounis in the 56th, while Pavel Kuka scored for Slavia in the 68th. Angelos Basinas missed a penalty for Panathinaikos two minutes from time when he kicked the ball wide.

    The second leg match will be played in Athens on August 22.

    [16] Athens 2004 Organizing Committee members have average age of 36

    Athens, 09/08/2001 (ANA)

    The desire to contribute to the success of the 2004 Athens Olympic Games is the basic characteristic of people working for the Athens 2004 Olympiad's Organizing Committee. They have an average age of 36 and have a high level of education, while 56 percent of them are women.

    The profile of the company's employees resulted from the processing of their data by the Organizing Committee's General Department of Administrative Services, combined with special research by the KPMG-ICAP companies for the 500 biggest service-providing businesses.

    The Athens 2004 Organizing Committee will use about 4,000 people, who will be hired gradually, to help prepare, organize and carry out the Olympic Games, while a further 60,000 volunteers will be added to this figure.

    [17] President Clerides says no meeting between him and Denktash has been set

    NICOSIA, 09/08/2001 (CNA/ANA)

    Cyprus President Glafcos Clerides stressed on Wednesday that no meeting between him and Turkish Cypriot leader Rauf Denktash has been set adding that Denktash will meet with UN Secretary General Kofi Annan.

    Replying to questions, President Clerides who earlier chaired a meeting of the Council of Ministers held on Wednesday at the presidential residence in the Troodos mountains he said Denktash's position on reaching a new high-level agreement between the two sides "is not discussable."

    UN resolutions and two high level agreements reached between the two sides in Cyprus in the 1970s stipulate for the establishment of a bizonal, bicommunal federation on the island.

    The UN opened proximity talks for a settlement in December 1999, but after five rounds of meetings the Turkish side has said it would not attend more talks unless the illegal regime in the occupied areas is recognized and there is a change in the procedure followed.

    Replying to a question on the meeting to be held between the UN Secretary General and Denktash, President Clerides said that the Turkish Cypriot leader and Kofi Annan will meet on 28 August and the following day UN Secretary General's Special Adviser on Cyprus Alvaro de Soto is expected to arrive in Cyprus.

    Cyprus has been divided since Turkish troops invaded and occupied 37 percent of its territory in the summer of 1974.


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