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Athens News Agency: News in English (PM), 98-07-10

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

From: The Athens News Agency at <>


Athens, Greece, 10/07/1998 (ANA)


  • Olympics security a Greek concern, Athens says
  • Samos quake recorded
  • Sisters arrested in drug haul
  • Greece supports Slovenian EU bid
  • Robber gets away with 3.5 mln
  • Fire breaks out in Peloponnese
  • Third telecoms float on Athens, NY bourses
  • EFG Eurobank confirms purchase of stake in Ergobank
  • Church initiates procedures for return of missing money
  • Panathinaikos gets Italian playmaker
  • Weather
  • Foreign exchange


Olympics security a Greek concern, Athens says

Greece is ready to handle all issues related to security at the 2004 Olympic Games in Athens, the government said today, responding to reports that the United States had asked to take care of security arrangements at the Games. "We shall not assign these activities since they are a matter for the Greek authorities," government spokesman Dimitris Reppas said, while adding that "there will of course be co-operation". The spokesman was commenting on reports that the request had been put to National Defence Minister Akis Tsohatzopoulos during his visit to the US this week.

Samos quake recorded

A 5.0 Richter earthquake in the sea region off the island of Samos last night appeared not to be related to the killer earthquake that hit southern Turkey last week, a prominent seismologist said today. Thessaloniki University seismology professor Manolis Skordilis told the ANA said the Samos quake was "too small in magnitude to maake us suspect a possible move of the epicentre of the quake in southeastern Turkey". Skordilis said there were "many small and larger faults" around Samos.

Sisters arrested in drug haul

Two Moroccan sisters have been arrested and charged with being in possession of over 3 kilos of heroin, police in the western port city of Patras said today. Acting on information received, Patras drug squad officers went to Athens yesterday and arrested Pouria and Laila Nafar, 30 and 28 respectively, after finding them in possession of 3.1 kilos of heroin. The sisters, who have a cosmetics shop in Athens, were arrested at their apartment in Kallithea. They were later taken to Patras for questioning.

Greece supports Slovenian EU bid

Greece today assured Slovenia that it supported its bid to become a member of the European Union during talks here today between Foreign Undersecretary Yiannos Kranidiotis and his Slovenian counterpart, Franco Juri. During the meeting, the two sides noted the excellent level of bilateral relations and discussed issues which included political and economic ties and the possibility of military co-operation within the framework of the multinational Balkan peacekeeping force to be set up. Also discussed were the latest developments in the Kosovo crisis, the Cyprus problem and Greek-Turkish relations.

Robber gets away with 3.5 mln

A bank robber escaped on a motorcycle with about 3.5 million drachmas from a branch of the Agricultural Bank in Zarouchleika near Patras today after threatening the cashier with a gun. Police have launched a manhunt for the arrest of the robber.

Fire breaks out in Peloponnese

A large fire broke out today in forest land near the village of Zachloritika, Aegio in the northern Peloponnese, destroying an area of pine trees and bushes. Two fire-fighting aircraft and twelve fire-engines from Aegio and Patras are taking part in efforts to bring the blaze under control.

Third telecoms float on Athens, NY bourses

The government will float 15 percent of Hellenic Telecommunications Organisation (OTE) in the autumn on the Athens and New York stock exchanges, National Economy and Finance Minister Yiannos Papantoniou said yesterday. Mr. Papantoniou told reporters that OTE would also issue a bond in international markets and carry out a share capital rise. The three moves would raise one trillion drachmas for investments and modernisation, he said. OTE's ownership status would have to be changed to allow the acquisition by private buyers of up to 45 percent in the state-run telecom from the current legally ordained 25 percent, Mr. Papantoniou said. OTE has already carried out two flotations on the Athens Stock Exchange including private placements. Mr. Papantoniou said no more of OTE's stock would be sold to private investors after the autumn flotation.

EFG Eurobank confirms purchase of stake in Ergobank

EFG Eurobank yesterday confirmed in a statement that it had bought a stake in Ergobank, a blue chip listed on the Athens bourse. Purchased were 2.9 million shares from major Ergobank shareholder Lazaros Efremoglou, who will become a member of EFG Eurobank's board, the statement said. Bankers and brokers leaked news of the sale on Wednesday but neither bank confirmed or denied the talk. The purchase was effected yesterday partly through a block trade on the Athens Stock Exchange and partly through an exchange of shares in Ergobank and EFG Eurobank, which will also carry out a share capital increase, the statement said.

Church initiates procedures for return of missing money

A committee of inquiry for the Autocephalus Orthodox Church of Greece yesterday announced that hundreds of millions of drachmas are missing from the Church's coffers during the 1989-96 period, and that it had initiated procedures for the recovery of the m issing amounts. Details were contained in a report presented to the Holy Synod following its investigation into cases of financial irregularities. The committee said it would seek the return of 400 million and 200 million drachmas, respectively, from two lay staff in the Church administration, and that the probe was continuing to ascertain possible involvement of clergymen and more lay staff.

Panathinaikos gets Italian playmaker

The Panathinaikos (Athens) basketball club yesterday announced the signing of Italian playmaker Fernando Gentile. According to reports, Panathinaikos paid around US$150,000 to secure his release from the Stefanel Milan team, with the player reportedly signing a one-year contract with the option for a further year - worth $450,000 the first year and $520,000 the second.


Cloud with occasional storms in eastern Macedonia and Thrace. Temperatures will range from 13-25C in the north, 17-31C in the Ionian and mainland regions and 19-28C in the Aegean. Athens, sunny with few clouds and temperatures between 18-30C. In Thessaloniki, winds will be strong with temperatures from 17-24C.


Thursday's rates (buying) U.S. dollar 302.947 British pound 493.718 Japanese yen (100) 215.681 French franc 49.404 German mark 165.629 Italian lira (100) 16.807 Irish Punt 416.640 Belgian franc 8.032 Finnish mark 54.475 Dutch guilder 146.950 Danish kr. 43.475 Austrian sch. 23.547 Spanish peseta 1.953 Swedish kr. 37.430 Norwegian kr. 39.017 Swiss franc 196.461 Port. Escudo 1.619 Aus. dollar 185.064 Can. dollar 205.245 Cyprus pound 562.464


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