Browse through our Interesting Nodes of Mass Media in Cyprus Read the Convention Relating to the Regime of the Straits (24 July 1923) Read the Convention Relating to the Regime of the Straits (24 July 1923) A)? GHT="50">
Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Wednesday, 8 December 2021
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Athens News Agency: News in English (AM), 98-12-05

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

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

NEWS IN ENGLISH

Athens, Greece, 05/12/1998 (ANA)


MAIN HEADLINES

  • Fuel flows again as customs officers are forced back to work
  • Gov't last ditch attempt to avert Prinos oilfield closure
  • Venizelos announces Cultural Olympics committee members
  • Bridge collapses due to flooding near Larissa
  • Gale force winds keep ships at bay
  • Judicial enquiry into abortive sale of Duty-Free Shops
  • Domestic interest rated may drop in European trend
  • Simitis mets with German FM Fischer in Frankfurt
  • Athens conference considers Europe's future, EU enlargement
  • Pangalos concludes visit to Norway
  • Kranidiotis: Decisions on S-300s still valid
  • UN event in Athens for Universal Declaration of Human Rights
  • Albanian FM addresses Athens conference on NATO presence in region
  • New Athens buses to be delivered
  • Greek equities rally on rate cut hopes
  • Weather
  • Foreign Exchange

NEWS IN DETAIL

Fuel flows again as customs officers are forced back to work

Fuel became available again in petrol stations around the country and border checks resumed, as customs officers returned to work after a five day strike which caused severe fuel shortages and long queues at border crossings. The customs officers were forced back to work after the government on Friday enacted special labour law provisions banning industrial action by state employees during national emergencies. The strike was against a plan to merge their financially robust pension fund with other, weaker funds. The enactement is effectively an order to striking public servants to return to work of face dismissal.

Gov't last ditch attempt to avert Prinos oilfield closure

An eleventh hour effort to save the Prinos oilfield from closure by offering early retirement subsidies for workers of North Aegean Petroleum Corp. (NAPC.), was made by the government on Saturday. Citing financial difficulties, NAPC threatens to shut down production, at oil rigs off the northern island of Thassos and near the town of Kavala, if workers persist in rejecting the plan to lower operating costs by 30 percent. NAPC's latest deadline for closure is Monday after attempts by the labour ministry to mediate between management and workers.

Venizelos announces Cultural Olympics committee members

Culture Minister Evangelos Venizelos said on Saturday that an international committee for the Cultural Olympics to be held in Greece in 2000-2004, will include Georgian President Eduard Shevardnadze, Jules Dassin and Mikis Theodorakis. Other members of the International Cultural Olympics Committee, which is due to include Nobel prizewinners, would be announced later, Venizelos told a meeting of the Council of Greeks Abroad held in Thessaloniki.

Bridge collapses due to flooding near Larissa

Another bridge collapsed under its own weight due to severe weather conditions in the early hours of Saturday, near Larissa. The bridge, part of a local road connecting Larissa with Trikala and Kozani, was built fifty years ago and was recently declared unsafe due to damage caused by flooding. Local authorities said the collapse is not expected to cause traffic problems. Torrential rains in the recent weeks have caused widespread floods and damage. Another old bridge on the Athens-Thessaloniki national highway collapsed last week, resulting in traffic chaos on country's main road link.

Gale force winds keep ships at bay

Passenger ferry services throughout Greece have been disrupted due to strong winds, reaching 10 Beuafort. The National Meteorological Service (EMY) has issued a strong winds warning, valid until early Sunday morning for central and eastern Aegean and the Black Sea. Ferry services in the east are also on hold, with the exemption of the Rio-Antirio link, which was still operated on Saturday afternoon.

Judicial enquiry into abortive sale of Duty-Free Shops

An Athens prosecutor ordered a preliminary enquiry yesterday following press reports and a relevant question tabled in Parliament on the abortive sale of the state-run Duty-Free Shops (KAE) to the French-Greek joint venture Saresco-Papaellinas-Sarantis. The Parliament question was tabled by Coalition of the Left and Progress party leader Nikos Constantopoulos, who also spoke of a "scandal" and accused the government of violating the terms for the KAE's international tender, including "stock exchange machinations" to the detriment of the state, small investors and KAE.

Domestic interest rated may drop in European trend

A decline in November's inflation to 4.2 percent combined with a move to cut interest rates by countries in the European Union's euro-zone are expected to help bring down domestic rates, analysts said yesterday. Traders are watching the central bank's weekly intervention in the money market on Wednesday, hoping for a signal that rates will decline. They expect the Bank of Greece to lower its intervention rate to 12.50 percent from 12.75 percent, without ruling out a deeper cut totalling 75 basis points. Further fuelling hopes is data that underlying inflation, the rate on which the Bank of Greece bases its calculations, slipped in November by 0.2 percent to 5.3 percent.

Simitis mets with German FM Fischer in Frankfurt

German Foreign Minister Joschka Fischer predicted that the meeting between Prime Minister Costas Simitis and German Chancellor Gerhard Schroeder in Bonn on Monday will "go very well." He was speaking to Greek reporters after holding private talks with the Greek PM yesterday. Mr. Fischer confirmed that he has accepted an invitation by his Greek counterpart Theodoros Pangalos to visit Greece and that he will do so apart from the "round of capitals" for the German European Union Presidency due to start from Athens on Dec. 14 - in January 1999.

Athens conference considers Europe's future, EU enlargement

Conference on the "Political Faces of Europe in Light of Enlargement" was held at the Zappeion Hall on Friday with the participation of politicians and academics from Greece and Britain. The conference was held in the framework of the British embassy's events on "Britain and Greece" and got underway with an address by Deputy Foreign Minister Yiannos Kranidiotis. "The European Union is Europe's reply to globalisation and the role of the European left in this process is a leading one. Greece has only one option: To fully participate in the unification process and, of course, in Economic and Monetary Union," Mr. K ranidiotis said.

Pangalos concludes visit to Norway

Foreign Minister Theodoros Pangalos concluded a two-day visit here yesterday where he held talks with his Norwegian counterpart Knut Volembek on issues of mutual concern such as political issues, the merchant marine, tourism and the fishing sector. Mr. Pangalos presented Athens' positions on the question of Cyprus and the illegal occupation of part of the island. He also referred to relations between Greece and Turkey. On his part, the Norwegian FM referred to the issue of the Schengen Treaty, which is of particular interest to Norway.

Kranidiotis: Decisions on S-300s still valid

Deputy Foreign Minister Yiannos Kranidiotis reaffirmed yesterday that decisions regarding installation of the Russian-made S-300 missile system on Cyprus were still valid. Speaking on state-run Cyprus radio (RIK), Mr. Kranidiotis added that the decisions could not be reconsidered unless there was progress on the Cyprus problem and on the diplomatic front towards a reduction of tension and armaments on the island republic, which would in turn lead to demilitarisation.

UN event in Athens for Universal Declaration of Human Rights

The UN Information Centre in Athens organised an exhibition entitled "All Human Rights for All" at the Zappeion Hall on the occasion of the 50th anniversary of the Universal Declaration of Human Rights. The winners of a relevant pamphlets contest on the subject were handed awards during an event attended by George Paschalidis, Deputy Minister to the PM.

Albanian FM addresses Athens conference on NATO presence in region

Albanian Foreign Minister Paskal Milo said yesterday that the threat of NATO intervention in the region was an "integral part of the mechanism for resolving the crisis". He was addressing an Athens conference on the 50 years since the foundation of the alliance.

Mr. Milo, who was commenting on developments in the troubled Yugoslav province of Kosovo, added that this was the case because Belgrade had no credibility as far as its promises to honour agreements was concerned. NATO withdrew the threat of punitive air strikes a month ago, after Yugoslavia agreed to scale down anti-rebel operations.

New Athens buses to be delivered

Hellenic Vehicles Industry (ELBO) will deliver on Sunday the first 25 hi- tech buses ordered by Athens city transport in a deal for the construction of 630 new buses over three years. Built at ELBO's plant in Thessaloniki, the articulated buses and mini-buses ready for delivery are air-conditioned, provide accomodation for people with disabilities and feature digital information display units for passengers.

Greek equities rally on rate cut hopes

Equities rallied on the Athens Stock Exchange on Friday fuelled by hopes of domestic interest rate cuts following a slump in the previous session. Market players are discounting a signal from the central bank that domestic rates will finally fall in the wake of rate declines agreed in European euro-zone countries.Leading the market were shares in the heavily weighted banking sector, which were briskly traded in strong demand. The general index ended 2.30 percent higher at 2,469.07 points, recouping the bulk of losses from the previous session's 3.46 percent plunge. Trade was active with turnover at 68.7 billion drachmas.

Weather

Western, central and northern Greece and the island of the estern Aegean can expect cloud and local showers while the rest of the country will be overcast. Moderate southern, southweaterly winds will be moderate in the west, but very strong in parts of the Aegean before subsiding, later in the day. Athens will be overcast with strong southwesterly winds early in the day and the temperature reaching 18 after an overnight low of 13 degrees centigrade. Similar conditions in Thessaloniki, with temperature between 9 and 14C.

Foreign Exchange

Friday's rates (buying) U.S. dollar 279.774 British pound 466.280 Japanese yen (100) 235.798 French franc 49.888 German mark 167.271 Italian lira (100) 16.895 Irish Punt 415.846 Belgian franc 8.110 Finnish mark 55.026 Dutch guilder 148.398 Danish kr. 43.995 Austrian sch. 23.780 Spanish peseta 1.966 Swedish kr. 34.660 Norwegian kr. 37.696 Swiss franc 204.987 Port. Escudo 1.632 Aus. dollar 174.751 Can. dollar 181.933 Cyprus pound 562.464

(K.G.)


Athens News Agency: News in English Directory - Previous Article - Next Article
Back to Top
Copyright © 1995-2016 HR-Net (Hellenic Resources Network). An HRI Project.
All Rights Reserved.

HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
apeen2html v2.00 run on Saturday, 5 December 1998 - 15:05:20 UTC