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Athens News Agency: Daily News Bulletin in English, 99-08-13Athens News Agency: Daily News Bulletin in English Directory - Previous Article - Next ArticleFrom: The Athens News Agency at <http://www.ana.gr/>CONTENTS
[01] Turkish violations reported over northeastern AegeanSeveral Turkish warplanes infringed on Athens Flight Information Region (FIR) regulations and violated Greek national airspace yesterday on seven different occasions.Specifically, 10 Turkish F-16s and four F-4 warplanes infringed on Athens FIR regulations in the northeastern Aegean, between the islands of Hios and Limnos. Some of the Turkish fighters also violated Greek national airspace before being intercepted by Hellenic Air Force planes on all seven occasions, while in five instances the interception process developed into midday engagement. According to air force sources, the violations and FIR infringements by the Turkish warplanes were expected. Athens News Agency [02] Bulls run rampant on Athens bourse as new record high setEquity prices surged to new records yesterday, supported by strong buying interest in blue chip stocks. Dealers said a rally on international markets combined with high liquidity in the domestic market encouraged trading.The general index ended 2.3 per cent up at 4,696.91 points, its 37th record closing this year. Turnover was 240.277 billion drachmas with 39,023,352 shares changing hands. The Banks and Industrials sectors out-performed the market ending 2.62 and 2.93 per cent higher, respectively, while the Construction and Leasing sectors suffered losses (down 2.76 and 1.37 per cent, respectively). Other sector indices ended as follows: Insurance (+1.84 pct), Investment (+3.19 pct), Miscellaneous (+2.95 pct) and Holding (+0.92 pct). The parallel market index for smaller capitalisation stocks dropped 2.71 per cent reflecting pressures in periphera l stocks following moves by market authorities to monitor high volatility stocks. The FTSE/ASE 20 index for blue chip and heavy traded stocks ended 2.38 per cent up at 2,635.15 points. (Continued on page 4) Bulls run rampant on Athens bourse as new record high set Broadly, decliners led advancers by 146 to 138 with another 10 issues unchanged. A total of 22 shares ended at the day's 8 per cent limit up, while another 26 ended at the day's limit down. Hellenic Petroleum and Hellenic Telecoms (OTE) were the most heavily traded stocks, while Hellenic Petroleum, Hellenic Telecoms and Eurobank led the day's turnover. National Bank of Greece ended at 22,165 drachmas, Alpha Credit Bank at 21, 650, Commercial Bank at 33,800, Ergobank at 30,400, Titan Cement at 32,290, Hellenic Petroleum at 3,070, Intracom at 22,830, Minoan Lines at 5,820, Panafon at 8,005 and Hellenic T elecoms at 6,700. Athens News Agency[03] Prices unchanged in secondary bond market tradingDespite sellers dominating yesterday's trading in the secondary bond market, prices remained unchanged.Fifteen year bonds attracted 10 billion of the 21 billion-drachma sales volume, out of 27 billion drachmas worth of total trading. The benchmark 10-year bond showed a yield of 6.73-6.74 per cent, with a spread of 183-184 basis points above the respective German bund. The market appeared to be waiting for the announcement of the latest US monthly inflation figures on Aug. 17, which will indicate the next possible moves of the Federal Reserve on the 24th of the month. In a three-month deposit auction, the Bank of Greece absorbed additional liquidity of 200 billion drachmas at an average rate of 10.07 per cent, up from 9.91 per cent from the previous auction on July 8. At the central bank's daily fix, there was a small outflow of 75-80 million euros, and the drachma closed at 326.95 from 326.66 in the previous session. The dollar rose to 307.57 from 305.46 a day earlier. Athens News Agency[04] Rising oil prices effect on inflation rate fearedThe government is reportedly concerned over the latest increase in international oil prices, expected to push up August inflation figures.Gasoline prices were 4.5 drachmas per litre up at the pump yesterday, diesel cost two drachmas more per litre, while heating oil rose up 2.7 drachmas per litre. Athens News Agency [05] Athens Foreign ExchangeBank of Greece closing rates of August 13, 1999 Banknotes Buying SellingUS Dollar 305.109 312.184 Can.Dollar 205.165 209.922 Australian Dlr 198.509 203.112 Pound Sterling 490.246 501.613 Irish Punt 411.820 421.368 Pound Cyprus 561.452 574.470 Pound Malta 710.931 740.553 Turkish pound (100) 0.063 0.066 French franc 49.444 50.591 Swiss franc 202.522 207.217 Belgian franc 8.040 8.226 German Mark 165.830 169.675 Finnish Mark 54.549 55.814 Dutch Guilder 147.176 150.588 Danish Kr. 43.646 44.658 Swedish Kr. 36.962 37.819 Norwegian Kr. 39.398 40.312 Austrian Sh. 23.570 24.116 Italian lira (100) 16.751 17.139 Yen (100) 263.078 269.178 Spanish Peseta 1.949 1.994 Port. Escudo 1.618 1.655 Foreign Exchange Buying Selling New York 305.109 312.184 Montreal 205.165 209.922 Sydney 198.509 203.112 London 490.246 501.613 Dublin 411.820 421.368 Nicosia 561.452 574.470 Paris 49.444 50.591 Zurich 202.522 207.217 Brussels 8.040 8.226 Frankfurt 165.830 169.675 Helsinki 54.549 55.814 Amsterdam 147.176 150.588 Copenhagen 43.646 44.658 Stockholm 36.962 37.819 Oslo 39.398 40.312 Vienna 23.570 24.116 Milan 16.751 17.139 Tokyo 263.078 269.178 Madrid 1.949 1.994 Lisbon 1.618 1.655 Athens News Agency [06] Papariga cites 'serious dangers' for country within market economyCommunist Party of Greece (KKE) general secretary Aleka Papariga yesterday warned that "serious dangers" will be faced by Greece within the market economy and what she characterised as "policies of 'divide et impera'." Speaking at a gathering on the Ionia n island of Cephallonia, she also claimed that a visit by US President Bill Clinton to Greece will "certify" these dangers, as well as what she called the "give and take" between the Simitis and Ecevit governments.Commenting on a government spokesman's recent statement that changes in the social security system are not a government priority, she claimed it is proof of what she termed an "anti-popular government". Athens News Agency [07] Thousands expected at annual Panaghia Soumela pilgrimageSeveral political and military leaders are expected to join thousands of worshippers, mostly descendants of refugees from Asia Minor's Black Sea coast of Pontos, at the Panaghia Soumela Monastery on Sunday for an annual pilgrimage to celebrate the Dormiti on of the Virgin Mary (Theotokos).Parliament President Apostolos Kaklamanis, Defence Minister Akis Tsohatzopoulos, Macedonia-Thrace Minister Yiannis Magriotis, Democratic Social Movement (DHKKI) leader Dimitris Tsovolas, Coalition of the Left (Synaspismos) leader Nikos Constantopoulos a nd a main opposition New Democracy (ND) delegation will visit the monastery P located in the foothills of Mount Vermion in Imathia prefecture P to celebrate both the significant Orthodox holiday and Armed Forces Day. The monastery is named after the original monastery renowned as a historical and cultural centre of Black Sea Greeks, near the once vibrant port of Trapezounta on the Black Sea coast, today's Trabzon. Athens News Agency [08] Athens prefect demands explanations for department's 'vacation'Athens Prefect Eleni Besbea has asked the heads of the transport ministry's vehicle inspection department in the prefecture to submit written explanations on why they had closed the service to the public until Aug. 16 while claiming to be acting on her in structions.Ms Besbea paid a surprise visit to the department at the Holargos district bureau on Wednesday after hearing complaints over radio news programmes. She told ANA that a relevant circular did not leave room for any misinterpretation of her instructions, a nd that those responsible had possibly aimed to undermine the prefectural authority or her personally. Athens News Agency[09] 35-hour work week at banks examinedIncreased business and two new hirings per branch are apparently the initial results at bank branches implementing a pilot 35-hour work week programme.Deputy Labour Minister Christos Protopapas, a former leader of the bank employees' union, yesterday visited several branches implementing the pilot programme. Under the 35-hour programme, the first shift begins at 7:45 a.m. and ends at 2:45 p.m., while a second shift begins at 10 a.m. and ends at 5 p.m. He said the programme will be appraised at the end of an eight-month period. Athens News Agency [10] ICAP report cites 208% increase in 1998 bank profitsThe ICAP research institute yesterday presented a report on Greece's banking sector, noting the greater than ever consolidation and outstanding profits of 208 per cent on a year-to-year basis for 1998.Consolidation regarded several buy-outs, mergers and privatisations of several banks throughout the year, actions which continued into 1999. The report stated that net profits of 21 banks included in the report rose to 349 billion drachmas, compared to 113 billion drachmas in 1997. The same report stated that deposits rose by 16.5 per cent, loans by 18.1 per cent, assets rose by 8.6 per cent and equity by 33.5 per cent, while the total number of employees rose by 1 per cent. Athens News Agency [11] CorrectionA front-page article in the "Daily Bulletin" on Thursday, Aug. 12, 1999 that referred to the Onassis Foundation's decision not to appeal a recent Swiss court ruling regarding the management of a shipping fortune to be inherited by Athina Onassis-Roussel, should read in paragraph four: "The four Greek trustees who sit on the 15-member board of directors of the Alexander Onassis Public Benefit Foundation and Mr. Roussel, who comprise the five-member body managing Athina's legacy, have long been at odds over the management of the assets."Thierry Roussel, Athina's father, is not a board member of the Foundation, established under the will of late shipping magnate Aristotle Onassis. Athens News Agency[12] ------ The "Daily Bulletin" will not be published on Saturday,Aug. 14 due to Sunday's religious holiday marking the Assumption of the Virgin Mary. The "Daily Bulletin" will circulate as normal on Monday.Athens News AgencyAthens News Agency: Daily News Bulletin in English Directory - Previous Article - Next Article |
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