Athens News Agency: News in English, 00-12-08

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

CONTENTS

[01] Weightlifting-Sgouros

[02] EU Summit-Simitis-Cyprus problem

[03] Central Bank -Money Supply

[04] Stock Market-Close

[01] Weightlifting-Sgouros

Greek Sports Secretary General Yiannis Sgouros was unanimously elected secretary general of the International Weightlifting Federation during elections for the IWF's new board held at an Athens seaside suburb on Friday.

Tamas Ayam from Hungary, who was secretary general of the Federation until now, was elected President of the IWF.

During a special event after the election was announced, awards were given to Greek weightlifters Pyrros Dimas and Kachi Kakiashvili, as well as to Turkish weightlifting champion Naim Suleymanoglu, for the three gold medals they have won in Olympic Games.

[02] EU Summit-Simitis-Cyprus problem

NICE (ANA A. Podimata) - The European Union summit expressed its support for the United Nations efforts to achieve the resolution of the Cyprus problem in accordance with the Security Council resolutions, Prime Minister Costas Simitis said on Friday, during a press conference at the end of the first day of the EU summit.

The Nice summit approved its final conclusions including a reference to Cyprus, which noted that "the European Council welcomed and expressed its strong support of the efforts of the UN Secretary-General to achieve a comprehensive settlement of the Cyprus problem, consistent with UN Security Council resolutions, and for the successful conclusion of the process, which he initiated in December 1999.

[03] Central Bank -Money Supply

Growth in the country's money supply as measured by the M4N indicator accelerated to 13.5 percent year on year in October from 12.0 percent in September against an indicative target of up to 9.0 percent for 2000, the central bank said on Friday.

Posting a rise were repos along with private deposits in drachmas and foreign currency, the Bank of Greece said in a statement.

Attention should be paid to the overall figure and not to changes in the separate categories of the M4N indicator as the shifts in cash were largely from one to another, the statement added.

[04] Stock Market-Close

Equities on the Athens Stock Exchange finished slightly down on Friday as profit-takers raked in their gains, mainly in banks, traders said.

The general index finished 0.15 percent lower at 3,736.40 points, with turnover at 81.29 billion drachmas.

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