Athens News Agency: Daily News Bulletin in English, 02-01-10

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

CONTENTS

[01] Annan hopes for a general framework for Cyprus solution by June, Simitis says

[02] Greek FM meets UN envoy de Soto

[03] Premier visits "Ground Zero" of Sept. 11 heinous terrorist attack

[04] PM discusses religious issues with Archbishop of America

[05] Greece to offer half million dollars for reconstruction of St. Nicholas Church

[06] PM praises support for Greece by Greek American community

[07] Gov't sources say Greece does not accept terrorism pressures

[08] CEH leaders say PM's Washington visit at most opportune time

[09] Chytiris clarifies comments about CBS program

[10] Coalition party leader comments on Simitis' U.S. visit

[11] Chytiris welcomes ND's 'constructive' stance in Parliament

[12] Navy to hand over Giaros for use as a monument, Papantoniou says

[13] Parliament president meets new Cypriot ambassador

[14] Greek Amnesty International calls for release of convicted Russian journalist

[15] Israeli envoy disputes PA mission's denial in 'Karine A' case

[16] PASOK denies carrying out poll in central Athens

[17] Gov’t announces measures to compensate farmers

[18] Gov't promises OA deal by end of January

[19] Credit expansion growth slows in October

[20] Labor confederation to seek salary and wage convergence

[21] Greek bond market sharply up in 2001, report

[22] Gov't warns retailers against 'unjustified' price hikes

[23] Phone connection fees rise to 9.98 euros, after regulatory approval

[24] Ministers take decisions on social security agencies

[25] Greek stocks continue losing ground in ASE Athens, 10/01/2002 (ANA)

[26] Olympiad committee president satisfied with Olympic Village works

[27] South Africa interested in Athens 2004 Games

[28] U.S. DEA gave the tip for the large drug haul bust in Piraeus

[29] Cyprus submits report to UN on fight against terrorism

[30] Excavations in Paphos district unearth early faience

[01] Annan hopes for a general framework for Cyprus solution by June, Simitis says

NEW YORK, 10/01/2002 (ANA/M. Georgiadou)

"I want to stress that Mr. Annan told me that he believes that we can head towards a solution of the Cyprus problem, that he had fixed a deadline within which the possibility of a settlement should be clearly seen, and that some basic directions could materialize by the end of June. He stated that they themselves (the UN) as well will contribute with ideas, given that the two sides embark on negotiations. Mr. Annan has decided that talks (between Cyprus President Glafcos Clerides and Turkish Cypriot leader Rauf Denktash) should be carried on an intensive pace, and the two sides to meet about three times a week," Simitis told journalists in his introductory statement.

"I drew his attention and reminded to him the difficulties during negotiations in the past years and the fact that they bore no results. But I also noted that there is a positive development, that old positions were abandoned, that is the (Turkish-Cypriot side's) positions that one does not hold talks with the other, that Mr. Denktash has at long last made the step he ought to have made. The symbolism of gestures has great significance. At present, symbolisms are positive," Simitis added.

The prime minister, citing the relevant decisions of the European Commission, reiterated that Cyprus' accession to the European Union will take place in 2003, regardless of a settlement of the Cyprus issue. He noted however that its settlement will make Cyprus' EU entry more easy. He added that a solution should be strived for as soon as possible.

The journalists asked questions to Simitis concerning the confrontation of terrorism and the security of the Athens 2004 Olympic Games, particularly in view of Simitis' meeting with U.S. President George W. Bush on Thursday.

He said President Bush knows very well that Greece is with the Americans and on the side of the world which has decided to confront terrorism. He added that Greece sent humanitarian aid to Afghanistan, offered to participate in the peacekeeping force and offered facilities for flights and for the refueling of American aircraft.

With regard to the Olympic Games, the prime minister was categorical, stating that there was no doubt on the issue of security of the Games as Greece, even before the terrorists attacks in the United States on September 11, planned secure Games, something which continues to exist.

Simitis said there was cooperation since 1998 with members of the FBI and the British secret services, which has concluded in a report and the developments have continuing roads which are based to their contribution as well.

Replying to another question, on Greek-Turkish relations and claims by Ankara, Simitis, having first reminded the journalists of the declaration at the EU Helsinki summit, stressed that for Greece the only issue is that of the continental shelf and called once again on Turkey to recourse to The Hague for its solution, underlining that "Turkey has claims without clarifying them."

Referring to an invitation by Turkey's leadership to visit Ankara, Simitis said that this would happen when there is something new so as for the visit to have a positive result.

The prime minister said that apart from the Cyprus issue, talks with Annan included developments in Afghanistan, the Balkans and more specifically the name issue of the Former Yugoslav Republic of Macedonia (FYROM). He said that negotiations were still going on to find a solution to the name dispute between Greece and the neighboring country.

On the issue of the Balkan reconstruction, Annan said efforts should continue in that direction.

Regarding developments in Afghanistan, Simitis said that Annan believed that in three to six months the peacekeeping force will no longer be needed there since the Afghans will be able to assume the governing of their country.

[02] Greek FM meets UN envoy de Soto

NEW YORK, 10/01/2002 (ANA - E. Ellis)

[03] Premier visits "Ground Zero" of Sept. 11 heinous terrorist attack

NEW YORK, 10/01/2002 (ANA - T. Ellis)

Simitis expressed his deep sorrow and sympathy of the Greek people for the victims and their families, as he stood at "Ground Zero" of the deadliest terrorist attack in history.

"At the point we stand now, "Ground Zero", as it is called, is a site where thousands of people are buried, many Greeks and Greek-Americans among them. Each one of us should bow his head and think of these souls who were lost in this shrine by an act of an unbelievable brutality, a disgraceful terror act, a display of unimaginable savagery," Simitis said.

"This is an act that all civilized nations condemn, Greece first among them. From the very first moment of this terrorist attack the Greek government and the whole Greek nation sided with the families of all Americans mourning their relatives, espoused the grief of every Greek-American family for their lost ones and supported the just cause of the struggle against terrorism," he concluded.

Greek Orthodox Archbishop of America Dimitrios was present during the Greek premier's visit to the site of the Twin Towers.

Simitis seized the opportunity to promise to the Archbishop Greece's aid in rebuilding the church of St. Nicolas that was utterly destroyed as the two towers fell on it.

"Greece will also help you rebuild here the Greek Orthodox Church of St. Nicholas not only to honor the victims of this tragedy but also as a symbol of human endurance and hope," Simitis said.

U.S. Senator from New York Chuck Shummer who was also present, thanked Simitis for his visit to Ground Zero and stressed that with the Sept. 11 attack, the U.S. and New York "lost something very valuable".

Following his visit to the site of the terrorist attack, Simitis departed for a central Manhattan hotel, where was to meet with the leadership of the Greek-American Community.

[04] PM discusses religious issues with Archbishop of America

NEW YORK, 10/01/2002 (ANA - M. Georgiadou)

"It was a very friendly and cordial discussion. We discussed issues concerning the organization and function of the Greek Orthodox Church of America. I can say that from this discussion, as well as from all the other information and evidence we have, the Greek Orthodox Church of America, under the Archbishop's leadership, is going through one of its best and most creative phases," Simitis told reporters later.

He said that educational issues were also discussed and expressed interest in children maintaining knowledge of the Greek language and civilization.

"We also discussed political developments because, as we are all aware, the Church has a serious presence in the promotion of issues of interest to Greek Americans and they are also the issues of interest to us, the national issues," Simitis said.

He further said that "we discussed contacts the Archbishop had with President Bush and I think that we have a good picture of its activity, an activity which is particularly important and I can only say: I congratulate you, your reverence, for the work you are doing and I hope we shall continue with the same success."

On his part, Archbishop Dimitrios said his discussion with Simitis was productive and added that Greek expatriates are always present and always vigilant on issues concerning their birthplace, as well as expressing the wish for success in the prime minister's visit to the United States.

"It should be said, and at Ground Zero, that Mr. President again raised the issue of the donation of half a million dollars and we should say that this amount is the highest amount offered for this holy cause to date. Because the amount coming from Bari is not half a million, it is 250,000 dollars. Consequently, the Greek donation is the one leading the offer. This is very nice. And I am saying this with great pride," the Archbishop said.

Simitis thanked the Archbishop for his statements and, replying to a question by the press if he intends to schedule a visit "exclusively to expatriates" in the U.S., also said "I will do it with great pleasure but I must have time."

[05] Greece to offer half million dollars for reconstruction of St. Nicholas Church

NEW YORK, 10/01/2002 (ANA - T. Ellis)

The Greek government's relevant intention was initially expressed to Archbishop Dimitrios by Foreign Minister George Papandreou during his visit three months ago to the site of "Ground Zero".

Israelite community donates money for New York church: The Israelite community in Thessaloniki, northern Greece, has provided the Holy Archdiocese of America with three thousand dollars to help build Saint Nicholas Cathedral in New York which was destroyed when the twin towers collapsed as a result of the September 11 terrorist attacks.

In a letter addressed to the Israelite community, Archbishop of America Dimitrios expressed gratitude for the contribution to the effort to rebuild the Orthodox cathedral, stressing that it constitutes "tangible proof of your interest in your fellow men here."

The Israelite community in Thessaloniki currently amounts to about a thousand members.

[06] PM praises support for Greece by Greek American community

NEW YORK, 10/01/2002 (ANA - T. Ellis)

"I acknowledge expatriates' considerable initiatives in promoting national issues. I believe that your initiatives strengthen ties between Greece and the United States even more," he said.

Simitis said particular value is attributed to the zeal and self-denial of Greek Americans in supporting national positions and approaching national issues.

He also expressed the Greek government's sympathy to victims of the September 11 terrorist attacks, while in a statement to the Athens News Agency (ANA) he said he has not felt any displeasure on the part of expatriates.

Simitis expressed his desire for peace and unanimity in the world, saying that "in these words lies the steadfast and unanimous solidarity of Greece to the Greek men and women of New York, to the people of New York, to the people of the

United States, following the events of September 11. There is sincere solidarity for the September 11 tragedy. At the same time, we declare our will to cooperate more closely to confront a phenomenon such as that of terrorism."

[07] Gov't sources say Greece does not accept terrorism pressures

NEW YORK, 10/01/2002 (ANA - T. Ellis)

Although assessing that terrorism will be among the main issues to be discussed, they pointed to the fact that the official U.S. government does not endorse views expressed in the CBS television network's informative program 60 Minutes.

The sources said Simitis will go to Thursday's meeting with President Bush at the White House, and to those with Vice President Dick Cheney, Secretary of State Colin Powell and Defense Secretary Donald Rumsfeld, with the purpose of highlighting Greece's role in the Balkans and promoting cooperation with the U.S. on a series of issues on which the two countries' positions and targets coincide.

They also spoke of "mutual conception" on major issues and placed particular emphasis on bilateral cooperation, also in light of Greece assuming the European Union's rotating presidency in 2003.

[08] CEH leaders say PM's Washington visit at most opportune time

NEW YORK, 10/01/2002 (ANA)

"He can use the considerable influence of Greece as a NATO ally, the President of the European Union in 2003, and the regional power of the Balkans to, among other things, help keep on track recent positive movement toward a possible Cyprus settlement," said CEH leaders Andrew A. Athens, World President of SAE and National Chairman of UHAC; Philip Christopher, President of PSEKA and the Pancyprian Association of America; and Andrew E. Manatos, president of CEH.

"The timing is also good because Prime Minister Simitis, as the leader of the western world's buffer nation with the Muslim world, can provide President George Bush and his administration with important insights, as America tries to better understand and deal with the unprecedented problems surrounding September 11, 2001. This face-to-face meeting between the leaders of two countries that have been allies of over 100 years, will enable them to correct and clarify false impressions that inevitably develop between nations," a CEH press release said.

"As leaders of the two countries that have done the most to develop the democratic western world, they have a lot at stake. The dominance and constant spread of this western world clashes with Osama bin Laden's view that 'Allah has sole right of sovereignty and making the law.' The well-financed and ongoing effort to use nuclear and other weapons against these western world -European and American- targets, threatens all Greeks and all Americans. Prime Minister Simitis and President Bush have much to discuss," it added.

[09] Chytiris clarifies comments about CBS program

Athens, 10/01/2002 (ANA)

He also noted statements by US Ambassador in Athens Thomas Miller, who said the controversial episode of the news program '60 Minutes did not reflect the views of the American government.

In the news story last Sunday Athens was repeatedly criticized for its inability to eradicate the notorious "November 17" terrorist group.

On Tuesday, Chytiris had said that Greece's position on the fight against international terrorism was well-known and stressed that CBS did not represent the Bush administration - a statement that echoed similar comments by official US quarters.

He had, however, sharply criticized CBS and "60 Minutes' - one of the most acclaimed and prestigious US news programs - making accusations of bias and a slanderous presentation of statements by interviewed individuals.

Greek Parliament President Apostolos Kaklamanis, who was portrayed in a particularly negative light during the program, charged on Monday that only a fraction of a lengthy interview given in May had been aired and that his statements were taken out of context.

Among others, '60 Minutes' veteran journalist Ed Bradley stressed during the program that no arrests of suspected "November 17" members have been made in the 26 years since the elusive group first surfaced and after more than 100 attacks.

The program also described the US embassy in Athens as a veritable "fortress", while adding that the US State Department spends more money on the safety of US diplomats in Greece than it does for any other country in the world.

Bradley noted that the issue of terrorism in Greece concerns Washington in light of the 2004 Games in Athens, while he said that although no link has been uncovered tying "November 17" -- a small but lethal Marxist urban terrorist cell -- with the religious fanatics of "al Qaida", the inability of Greek authorities to hunt down the group's members may "attract" other terrorist organizations to Athens in 2004.

[10] Coalition party leader comments on Simitis' U.S. visit

Athens, 10/01/2002 (ANA)

He added that the premier should take advantage of this common stance so as to deflect whichever pressures exercised on Greece and noted that he was awaiting Simitis' return to be briefed on the results of the talks with U.S. President George Bush and other U.S. officials.

He also reiterated his party's stance for the establishment of an all Parliament party foreign policy council.

Constantopoulos' comments were made during a press conference, where he announced the agenda of the Synaspismos party congress scheduled for April 12 to 14.

He detailed the preparation processes within the party and spoke of a "truly political event with an essential content".

[11] Chytiris welcomes ND's 'constructive' stance in Parliament

Athens, 10/01/2002 (ANA)

On Tuesday night in Parliament, ND leader Costas Karamanlis said he supported Prime Minister Costas Simitis in the defense of Greek interests during the latter's visit to the United States.

[12] Navy to hand over Giaros for use as a monument, Papantoniou says

Athens, 10/01/2002 (ANA)

Papantoniou said that a presidential decree under which Giaros ceased to be a Navy firing range was awaiting the President's signature and would be published in the government gazette during the coming weeks.

The minister said that the finance and environment ministries would work together to restore the buildings on the island, build a pier and turn the island into a tourist attraction.

Papantoniou also announced that he would be visiting Cyprus within a month, either at the end of January or at the beginning of February.

[13] Parliament president meets new Cypriot ambassador

Athens, 10/01/2002 (ANA)

Kaklamanis stressed that the coordinated cooperation between Greek and Cypriot parliamentarians, especially those participating in international organizations, will help promote Cyprus' EU accession course as well as the just national causes on the Cyprus issue.

Ambassador Pantelides briefed Kaklamanis on the latest developments in the Cyprus issue and conveyed New Year best wishes by the President of the Cyprus House of Representatives, Dimitris Christofias.

[14] Greek Amnesty International calls for release of convicted Russian journalist

Athens, 10/01/2002 (ANA)

Amnesty International Greek Chapter noted that the journalist collected evidence of Russian Navy practices that were damaging to the environment and was prosecuted for his actions, but was acquitted in 1999.

The Russian Navy and the Russian Federal Security, however, brought charges anew and the journalist was convicted during a trial by a military court that took place in camera. The charges were those of efforts to weaken the combat readiness of Russia's Pacific Fleet.

"The prosecution on criminal charges of Gregori Pasko seems to have motives of political revenge, because he revealed the practice of nuclear waste being dumped into the sea. Thus, the case seems to be a clear violation of the national and international regulations that protect the freedom of expression, regulations that the Russian state is obliged to respect," a press release by the Greek Chapter of Amnesty International said, asking for the immediate release of the journalist and the reversal of his conviction.

[15] Israeli envoy disputes PA mission's denial in 'Karine A' case

Athens, 10/01/2002 (ANA)

A press release by Israeli ambassador David Sasson charged that "...One can only raise an eyebrow and smirk sarcastically after reading the latest announcement of the Palestinian Diplomatic Representation regarding the weapons on the ship 'Karine A'...

"It really takes a lot of 'chutzpa' for someone to try and deny the confession made on international TV stations by the captain of the ship himself, Omar Akawi. In the interviews, Akawi openly admitted that he is a member of the Fatah of the Palestinian Authority; that the whole operation was planned by the PA and that he was explicitly receiving orders from Adel Awadallah," the statement reads.

Israeli forces intercepted the "Karine A" as it sailed in the Red Sea off the coast of Saudi Arabia last Thursday. Some 50 tons of weapons were subsequently discovered on board, Israeli authorities announced.

On Tuesday, the Palestinian Authority's diplomatic representation in Athens categorically denied that its envoy to Greece was linked to the "Karine A" incident. In a press release distributed to local media, the Palestinian diplomatic representation said dpa dispatches citing the involvement of ambassador Abdullah Abdullah in the case are "fallacious and groundless."

"... the Israeli security services have accustomed us to such frame-ups that soon collapse," the PA press release concludes.

A day later the Israeli envoy stressed that "Common sense and a knowledge about the way foreign officials in Greece function in diplomatic channels can easily lead one to conclude whether the Palestinian Diplomatic Representation was involved or not in the issue. This is most likely why the Palestinians felt they had to deny basic facts," the Israeli embassy statement reads.

[16] PASOK denies carrying out poll in central Athens

Athens, 10/01/2002 (ANA)

[17] Gov’t announces measures to compensate farmers

Athens, 10/01/2002 (ANA)

The measures, announced by Economy and Finance Minister Nikos Christodoulakis, Agriculture Minister George Drys and Finance Deputy Minister George Floridis, envisage: -the immediate payment of 50 percent of estimated damages, -ELGA, the farm insurance agency, will cover 75 percent of total damages, -compensations will cover all crop and livestock capital and costs of reconstructing facilities, -credit facilities to farmers whose loans expire in the first six months of 2002.

"ELGA is currently visiting damaged areas to assess the situation," Christodoulakis told reporters.

Drys said that all payments would have been made by the end of May and that any due loan payments would be paid interest-free.

The two ministers did not exclude a move by the Greek government to ask for European Community's financial support to compensate for crop damages in the country.

Drys noted that it was the first time that not only a large part of the country's farm crop has been destroyed but that there were serious damages both in vineyards and peach trees.

"Out aim is to bring agriculture production back to its previous activities, that's why we intend to pay for the reconstruction of both the farm and livestock capital," Christodoulakis said.

Commenting on the likely lost income by Agricultural Bank of Greece (ATE), Christodoulakis said that the cost of a decision to allow farmers to repay their loans interest-free was not large.

DHKKI criticizes state compensation to farmers as inadequate: The government's measures to compensate farmers for damages incurred in the recent wave of bad weather were described as half-measures on Wednesday by the Democratic Social Movement (DHKKI), while party leader Dimitris Tsovolas said the measures were on no account sufficient to cover the farmers' losses.

DHKKI urged the government to take real and immediate steps to recompense farmers and livestock breeders and also called for the long term rescheduling of farmer debts to the Agricultural Bank of Greece.

[18] Gov't promises OA deal by end of January

Athens, 10/01/2002 (ANA)

A 105-million-euro offer by the Australia-based Integrated Airline Solutions (IAS) for 51 percent of state-owned OA - along with an accompanying commitment to retain 5,000 out of the debt-plagued airline's 7,000 employees -- is apparently the only option left on the negotiation table.

An IAS delegation arrived in Athens on Tuesday for talks with officials from Credit Suisse First Boston, as the latter serves as the Greek government's consultant on the OA privatization.

Both parties met with the Greek National Economy and Transport ministers on Wednesday, Nikos Christodoulakis and Christos Verelis, respectively.

It was Christodoulakis, in fact, who promised a conclusion to the OA deal by this month.

According to sources, the IAS delegation presented the consortium's operation plan for OA, reportedly scaled back since the Sept. 11 terrorist attacks in the United States.

The relevant ministers last month, along with Prime Minister Costas Simitis himself, reiterated that the government wants a national carrier to exist but not at the expense of taxpayers.

Verelis at that time said any "new schemes vying for OA should be very robust, and must be comprised of several business alliances ... If these negotiations don't produce results, then we're faced with all possible outcomes ..."

Axon Airlines, a small local carrier and until recently the frontrunner in a tender to privatize Olympic Airways, announced late last year that it would cease operations due to a major slump in the airline industry.

[19] Credit expansion growth slows in October

Athens, 10/01/2002 (ANA)

In its monthly report on credit conditions in the country, the central bank said consumer loans totalled 7.4 billion euros (Dr 2.521 trillion) in the first 10 months of 2001, with consumer loans rising 45.1 percent in October from the previous month.

Credit card debt exceeded Dr 1.158 trillion (3.4 billion euros) in October, an increase of 62.5 percent from the same month in 2000.

Personal loans rose 28.6 percent to a total debt of 2.1 billion euros (Dr 681.5 billion), a figure almost unchanged from August.

Mortgage loans totalled 14.7 billion euros (Dr 5.09 trillion) at the end of October, an increase of 35.8 percent from the same month last year, and slightly up from September's rate figure (35.3 percent).

Commercial banks have offered a total of 11.6 billion euros (Dr 3.9 trillion) in mortgage loans in October, up 38.4 percent from October 2000.

Credit expansion to the public sector (general government) rose 12.9 percent in October, down from 15 percent the previous month, while credits to the private sector slowed to 22.1 percent from 23.3 percent, over the same period.

Investments in repos also slowed significantly in October with the growth rate falling to 38 percent from the same month in 2000, to a total of Dr 1.39 trillion.

[20] Labor confederation to seek salary and wage convergence

Athens, 10/01/2002 (ANA)

GSEE will call for increases resulting from the sum of inflation anticipated and employees' participation in the increase in productivity and GDP.

Trade unions will also ask for a retroactive amount in 2002 for inflation being exceeded (above the percentage anticipated in the corresponding agreement), which they want included retroactively in wage assessment as of January 1, 2002.

[21] Greek bond market sharply up in 2001, report

Athens, 10/01/2002 (ANA)

In its annual review for the previous year, the central bank said that one of the main characteristics of the secondary bond market was a spectacular increase in liquidity (daily average turnover of 2.260 billion euros, or Dr 770 billion in the November-December 2001 period), and a rapid fall in the yield spread between the Greek state bonds and the eurozone bonds - mainly Germany's benchmark bond - to a record-low 33 basis points in December 27.

The report said that the country's entry in the eurozone, which led to an upgrade of the country's debt in domestic currency to A from A- by international credit agencies Standard & Poor's and Fitch IBCA in March and June, respectively, played a crucial role in developments in the domestic bond market.

These moves contributed to increasing Greek state securities' attractiveness and pushed prices higher. Prices rose by 50-60 basis points in 2001 in the short-term yield curve and by 316-394 basis points in the long-term yield curve.

The price of the 10-year benchmark Greek bond ended 2001 at 100.440, yielding 5.28 percent, while the 20-year state bond price ended last year at 109.360 (5.65 percent) over the same period.

A fall in the inflation rate in Greece, and the eurozone, a record 11 rate cuts by the Federal Reserve and lower interest rates by the European Central Bank, in the wake of the September 11 terrorist attacks in the US, have contributed to a gradual fall in Greek state bond yields.

This development, the report said, offered the Greek state the opportunity to finance its borrowing needs in domestic currency and to lower its foreign currency debt cost. The 12-month state bill's interest rate fell to 3.02 percent in December from 4.24 percent in February last year, while the 10-year bond's rate fell to 5.35 percent from 6.0 percent, over the same period.

Turnover soared to 314 billion euros in 2001 from 64 billion euros the previous year, with the bulk of the increase turnover recorded in the last quarter of 2001 and particularly November. The average monthly turnover was 26.2 billion euros from 5.3 billion in 2000.

The yield spread between Greek and other European state bonds fell spectacularly last year, reflecting increased confidence by domestic and foreign investors in the Greek capital market. The average spread between the 10-year Greek/German Bund fell to 38 basis points in December from 62 basis points in December 2000, slightly up from a record-low of 33 bps in December 27.

A decision by the central bank to offer primary dealer status to foreign banks trading in HDAT, mainly from London through remote access, also helped in the improvement of the market's last year.

A total of 12 foreign banks and five Greek banks received primary dealer status in 2001.

[22] Gov't warns retailers against 'unjustified' price hikes

Athens, 10/01/2002 (ANA)

Additionally, the ministry's leadership referred several bakery chains and individual proprietors to the competition committee on charges of increasing, en masse, bread prices by 13 percent - with the basic variety of bread now costing ?1 a kilo.

Bread prices have long been subsidized by the state in Greece.

[23] Phone connection fees rise to 9.98 euros, after regulatory approval

Athens, 10/01/2002 (ANA)

The new price list also includes decreases of 16 per cent in local calls and 23 per cent decrease in long distance calls.

The connections fees with the new prices will total 9.98 euros per month, while the local calls will cost 0.026 euros per minute and long distance calls will cost 0.063 euros per minute.

OTE will decide the timing of the changes.

[24] Ministers take decisions on social security agencies

Athens, 10/01/2002 (ANA)

The immediate activation of investing behavior rules was decided by which the limit for investments in shares and real estate increases from 20 percent to 23 of funds' reserves.

The Supervisory Committee on the investing behavior of social security funds will also be upgraded under the Bank of Greece's deputy governor.

[25] Greek stocks continue losing ground in ASE Athens, 10/01/2002 (ANA)

Traders said the fall was more a result of lack of buying interest and not as much of selling orders.

The index ended 0.74 percent lower at 2,582.26 points, with turnover a low Dr 32.15 billion, or 94.37 million euros.

The Bank, Publication and Holding sectors suffered the heaviest percentage gains (1.82 percent, 1.76 percent and 1.35 percent, respectively), while the Telecoms, Constructions and IT Solutions sectors scored gains.

The FTSE/ASE 20 index for blue chip and heavy traded stocks ended 1.11 percent lower, the FTSE/ASE MID 40 index fell 0.70 percent and the FTSE/ASE SmallCap 80 index eased 0.37 percent.

Broadly, decliners led advancers by 217 to 94 with another 36 issues unchanged.

The most heavily traded shares were Myloi Kepenou, Alpha Bank, Panafon, Hellenic Telecommunications Organization and National Bank of Greece.

Equity futures lose ground: Equity futures on the Athens Derivatives Exchange on Wednesday ended the session with lower in trading day that was marked by low volume than that of pervious sessions, traders said.

Changing hands were 3,742 contracts almost double than the previous session. Turnover was 22.2 million euros.

The underlying FTSE/ASE-20 index for heavily traded stocks and blue chips dropped 1.11 percent; and the underlying FTSE/ASE-40 for medium capitalization stocks dropped 0.70 percent.

Bond prices rise in increased trade: Bond prices in the domestic secondary market on Wednesday finished higher in slightly higher trade than in the previous session focusing on ten-year paper.

The Greek benchmark 10-year bond showed a yield of 5.22 percent, and the yield spread over German bunds was 35 basis points.

Turnover through the central bank's electronic system totaled almost 1.74 billion euros.

Buy orders accounted for the bulk of turnover.

[26] Olympiad committee president satisfied with Olympic Village works

Athens, 10/01/2002 (ANA)

According to data provided by Tziolas, 33 percent of the project will have been completed by January 21, 2002, while frames have been completed in most buildings and masonry work has got underway.

Both Tziolas and Daskalaki said they were satisfied with the project's progress, despite the recent adverse weather conditions which did not create serious problems.

The visit is part of the framework of Daskalaki's program of visits to Olympiad projects and it is the first made to the Olympic Village.

[27] South Africa interested in Athens 2004 Games

Athens, 10/01/2002 (ANA)

Momberg also spoke to Angelopoulos-Daskalaki of Mandela's wish to visit Athens and especially Olympia in April.

They also discussed the issues of promoting the Games in Africa, as the Torch Relay for the Athens 2004 Games is expected to pass through South Africa, which is one of the stops of the Relay.

In efforts to promote the Games in the African continent, the ATHOC president will have a series of meetings with ambassadors of African countries, an ATHOC press release said.

[28] U.S. DEA gave the tip for the large drug haul bust in Piraeus

Athens, 10/01/2002 (ANA)

The container with the drugs was discovered at a Piraeus customs house. According to police, the large cache of cocaine was hidden inside a container that arrived at Greece's largest port from Bogota, Colombia. Evidently the cocaine originate in Barraquilla, Colombia.

[29] Cyprus submits report to UN on fight against terrorism

NICOSIA, 10/01/2002 (CNA/ANA)

"The government is committed to joining forces with all governments on a bilateral level, as well as in international fora, in the struggle to eliminate terrorism," the report, submitted on 21 December 2001 according to an official press release, said.

It notes that Cyprus has ratified or acceded to ten of the twelve international conventions pertaining to international terrorism and adds that the government reiterates that it fully recognizes the existence and the dimensions of this international problem.

In the 24-page report, Cyprus outlines in great detail the measures it has taken to prevent and suppress the financing of terrorist acts and the penalties for committing such offences as well as legislation and procedures introduced to freeze accounts and assets at financial institutions. The report also refers to mechanisms and procedures in place to assist other states in the fight against terrorism and to exercise control at the country's borders.

The government points out that "almost 36 per cent of the territory of the Republic of Cyprus is under Turkish military occupation and therefore under the total control of Turkey" and consequently the legal government of Cyprus is prevented from exercising its jurisdiction in the island's northern occupied areas.

Cyprus has created a Mobile Immediate Action Union consisting of a specialized antiterrorist squad, has trained police officers in the investigation of terrorist activities, is in close cooperation with European, neighboring and other countries, and the House of Representatives enacted the ratification law of the UN convention for the suppression of the financing of terrorism.

The offences prescribed in the convention are criminal and the penalties provided are 15 years imprisonment and/or a fine of one million Cyprus pounds (one pound trades at about 1,5 US dollars).

Cyprus strongly condemned the terrorist attacks against the US on 11 September and has aligned itself with the international coalition of nations committed to combat global terrorism.

[30] Excavations in Paphos district unearth early faience

NICOSIA, 10/01/2002 (CNA/ANA)

An official announcement issued here on Wednesday notes that the excavations, which were carried out between August 26 and September 16, 2001, on the Middle Chalcolithic site, focused on a settlement the team had investigated in 1992 and a cemetery located on a prominent limestone outcrop.

Approximately one third of the visible cemetery has been excavated so far and the team believes that full-scale excavation of the burial site will provide the plan of a Chalcolithic cemetery for the first time.

This is of particular importance, as extra-mural burials of this period are extremely rare and there is no existing typology for Chalcolithic cemeteries or tomb groups.

Since the majority of the tombs are looted, focus is on analysis of architectural tomb-types. In the tombs overlooked by looters, the team found picrolite pendants of cruciform and other types, dentalium shell beads, red-on-white pots, a small bowl, a faience bead, substantial amounts of human bone, and an infant tooth.

The team also determined that some tombs had been reused and that the subsequent bodies had been inserted in a crouched position.

--JAA36847.1010671435/apollo.hri.org-- ReSent-Date: Fri, 11 Jan 2002 05:36:11 -0500 (EST) ReSent-From: Thanos Tsekouras <thanost@hri.org> ReSent-To: arc@zeus ReSent-Subject: Athens News Agency: Daily News Bulletin in English, 02-01-10 ReSent-Message-ID: <Pine.BSF.4.21.0201110536110.45183@apollo.hri.org>

January 10, 2002

CONTENTS

[01] Annan hopes for a general framework for Cyprus solution by June, Simitis says

[02] Greek FM meets UN envoy de Soto

[03] Premier visits "Ground Zero" of Sept. 11 heinous terrorist attack

[04] PM discusses religious issues with Archbishop of America

[05] Greece to offer half million dollars for reconstruction of St. Nicholas Church

[06] PM praises support for Greece by Greek American community

[07] Gov't sources say Greece does not accept terrorism pressures

[08] CEH leaders say PM's Washington visit at most opportune time

[09] Chytiris clarifies comments about CBS program

[10] Coalition party leader comments on Simitis' U.S. visit

[11] Chytiris welcomes ND's 'constructive' stance in Parliament

[12] Navy to hand over Giaros for use as a monument, Papantoniou says

[13] Parliament president meets new Cypriot ambassador

[14] Greek Amnesty International calls for release of convicted Russian journalist

[15] Israeli envoy disputes PA mission's denial in 'Karine A' case

[16] PASOK denies carrying out poll in central Athens

[17] Gov’t announces measures to compensate farmers

[18] Gov't promises OA deal by end of January

[19] Credit expansion growth slows in October

[20] Labor confederation to seek salary and wage convergence

[21] Greek bond market sharply up in 2001, report

[22] Gov't warns retailers against 'unjustified' price hikes

[23] Phone connection fees rise to 9.98 euros, after regulatory approval

[24] Ministers take decisions on social security agencies

[25] Greek stocks continue losing ground in ASE Athens, 10/01/2002 (ANA)

[26] Olympiad committee president satisfied with Olympic Village works

[27] South Africa interested in Athens 2004 Games

[28] U.S. DEA gave the tip for the large drug haul bust in Piraeus

[29] Cyprus submits report to UN on fight against terrorism

[30] Excavations in Paphos district unearth early faience

[01] Annan hopes for a general framework for Cyprus solution by June, Simitis says

NEW YORK, 10/01/2002 (ANA/M. Georgiadou)

"I want to stress that Mr. Annan told me that he believes that we can head towards a solution of the Cyprus problem, that he had fixed a deadline within which the possibility of a settlement should be clearly seen, and that some basic directions could materialize by the end of June. He stated that they themselves (the UN) as well will contribute with ideas, given that the two sides embark on negotiations. Mr. Annan has decided that talks (between Cyprus President Glafcos Clerides and Turkish Cypriot leader Rauf Denktash) should be carried on an intensive pace, and the two sides to meet about three times a week," Simitis told journalists in his introductory statement.

"I drew his attention and reminded to him the difficulties during negotiations in the past years and the fact that they bore no results. But I also noted that there is a positive development, that old positions were abandoned, that is the (Turkish-Cypriot side's) positions that one does not hold talks with the other, that Mr. Denktash has at long last made the step he ought to have made. The symbolism of gestures has great significance. At present, symbolisms are positive," Simitis added.

The prime minister, citing the relevant decisions of the European Commission, reiterated that Cyprus' accession to the European Union will take place in 2003, regardless of a settlement of the Cyprus issue. He noted however that its settlement will make Cyprus' EU entry more easy. He added that a solution should be strived for as soon as possible.

The journalists asked questions to Simitis concerning the confrontation of terrorism and the security of the Athens 2004 Olympic Games, particularly in view of Simitis' meeting with U.S. President George W. Bush on Thursday.

He said President Bush knows very well that Greece is with the Americans and on the side of the world which has decided to confront terrorism. He added that Greece sent humanitarian aid to Afghanistan, offered to participate in the peacekeeping force and offered facilities for flights and for the refueling of American aircraft.

With regard to the Olympic Games, the prime minister was categorical, stating that there was no doubt on the issue of security of the Games as Greece, even before the terrorists attacks in the United States on September 11, planned secure Games, something which continues to exist.

Simitis said there was cooperation since 1998 with members of the FBI and the British secret services, which has concluded in a report and the developments have continuing roads which are based to their contribution as well.

Replying to another question, on Greek-Turkish relations and claims by Ankara, Simitis, having first reminded the journalists of the declaration at the EU Helsinki summit, stressed that for Greece the only issue is that of the continental shelf and called once again on Turkey to recourse to The Hague for its solution, underlining that "Turkey has claims without clarifying them."

Referring to an invitation by Turkey's leadership to visit Ankara, Simitis said that this would happen when there is something new so as for the visit to have a positive result.

The prime minister said that apart from the Cyprus issue, talks with Annan included developments in Afghanistan, the Balkans and more specifically the name issue of the Former Yugoslav Republic of Macedonia (FYROM). He said that negotiations were still going on to find a solution to the name dispute between Greece and the neighboring country.

On the issue of the Balkan reconstruction, Annan said efforts should continue in that direction.

Regarding developments in Afghanistan, Simitis said that Annan believed that in three to six months the peacekeeping force will no longer be needed there since the Afghans will be able to assume the governing of their country.

[02] Greek FM meets UN envoy de Soto

NEW YORK, 10/01/2002 (ANA - E. Ellis)

[03] Premier visits "Ground Zero" of Sept. 11 heinous terrorist attack

NEW YORK, 10/01/2002 (ANA - T. Ellis)

Simitis expressed his deep sorrow and sympathy of the Greek people for the victims and their families, as he stood at "Ground Zero" of the deadliest terrorist attack in history.

"At the point we stand now, "Ground Zero", as it is called, is a site where thousands of people are buried, many Greeks and Greek-Americans among them. Each one of us should bow his head and think of these souls who were lost in this shrine by an act of an unbelievable brutality, a disgraceful terror act, a display of unimaginable savagery," Simitis said.

"This is an act that all civilized nations condemn, Greece first among them. From the very first moment of this terrorist attack the Greek government and the whole Greek nation sided with the families of all Americans mourning their relatives, espoused the grief of every Greek-American family for their lost ones and supported the just cause of the struggle against terrorism," he concluded.

Greek Orthodox Archbishop of America Dimitrios was present during the Greek premier's visit to the site of the Twin Towers.

Simitis seized the opportunity to promise to the Archbishop Greece's aid in rebuilding the church of St. Nicolas that was utterly destroyed as the two towers fell on it.

"Greece will also help you rebuild here the Greek Orthodox Church of St. Nicholas not only to honor the victims of this tragedy but also as a symbol of human endurance and hope," Simitis said.

U.S. Senator from New York Chuck Shummer who was also present, thanked Simitis for his visit to Ground Zero and stressed that with the Sept. 11 attack, the U.S. and New York "lost something very valuable".

Following his visit to the site of the terrorist attack, Simitis departed for a central Manhattan hotel, where was to meet with the leadership of the Greek-American Community.

[04] PM discusses religious issues with Archbishop of America

NEW YORK, 10/01/2002 (ANA - M. Georgiadou)

"It was a very friendly and cordial discussion. We discussed issues concerning the organization and function of the Greek Orthodox Church of America. I can say that from this discussion, as well as from all the other information and evidence we have, the Greek Orthodox Church of America, under the Archbishop's leadership, is going through one of its best and most creative phases," Simitis told reporters later.

He said that educational issues were also discussed and expressed interest in children maintaining knowledge of the Greek language and civilization.

"We also discussed political developments because, as we are all aware, the Church has a serious presence in the promotion of issues of interest to Greek Americans and they are also the issues of interest to us, the national issues," Simitis said.

He further said that "we discussed contacts the Archbishop had with President Bush and I think that we have a good picture of its activity, an activity which is particularly important and I can only say: I congratulate you, your reverence, for the work you are doing and I hope we shall continue with the same success."

On his part, Archbishop Dimitrios said his discussion with Simitis was productive and added that Greek expatriates are always present and always vigilant on issues concerning their birthplace, as well as expressing the wish for success in the prime minister's visit to the United States.

"It should be said, and at Ground Zero, that Mr. President again raised the issue of the donation of half a million dollars and we should say that this amount is the highest amount offered for this holy cause to date. Because the amount coming from Bari is not half a million, it is 250,000 dollars. Consequently, the Greek donation is the one leading the offer. This is very nice. And I am saying this with great pride," the Archbishop said.

Simitis thanked the Archbishop for his statements and, replying to a question by the press if he intends to schedule a visit "exclusively to expatriates" in the U.S., also said "I will do it with great pleasure but I must have time."

[05] Greece to offer half million dollars for reconstruction of St. Nicholas Church

NEW YORK, 10/01/2002 (ANA - T. Ellis)

The Greek government's relevant intention was initially expressed to Archbishop Dimitrios by Foreign Minister George Papandreou during his visit three months ago to the site of "Ground Zero".

Israelite community donates money for New York church: The Israelite community in Thessaloniki, northern Greece, has provided the Holy Archdiocese of America with three thousand dollars to help build Saint Nicholas Cathedral in New York which was destroyed when the twin towers collapsed as a result of the September 11 terrorist attacks.

In a letter addressed to the Israelite community, Archbishop of America Dimitrios expressed gratitude for the contribution to the effort to rebuild the Orthodox cathedral, stressing that it constitutes "tangible proof of your interest in your fellow men here."

The Israelite community in Thessaloniki currently amounts to about a thousand members.

[06] PM praises support for Greece by Greek American community

NEW YORK, 10/01/2002 (ANA - T. Ellis)

"I acknowledge expatriates' considerable initiatives in promoting national issues. I believe that your initiatives strengthen ties between Greece and the United States even more," he said.

Simitis said particular value is attributed to the zeal and self-denial of Greek Americans in supporting national positions and approaching national issues.

He also expressed the Greek government's sympathy to victims of the September 11 terrorist attacks, while in a statement to the Athens News Agency (ANA) he said he has not felt any displeasure on the part of expatriates.

Simitis expressed his desire for peace and unanimity in the world, saying that "in these words lies the steadfast and unanimous solidarity of Greece to the Greek men and women of New York, to the people of New York, to the people of the

United States, following the events of September 11. There is sincere solidarity for the September 11 tragedy. At the same time, we declare our will to cooperate more closely to confront a phenomenon such as that of terrorism."

[07] Gov't sources say Greece does not accept terrorism pressures

NEW YORK, 10/01/2002 (ANA - T. Ellis)

Although assessing that terrorism will be among the main issues to be discussed, they pointed to the fact that the official U.S. government does not endorse views expressed in the CBS television network's informative program 60 Minutes.

The sources said Simitis will go to Thursday's meeting with President Bush at the White House, and to those with Vice President Dick Cheney, Secretary of State Colin Powell and Defense Secretary Donald Rumsfeld, with the purpose of highlighting Greece's role in the Balkans and promoting cooperation with the U.S. on a series of issues on which the two countries' positions and targets coincide.

They also spoke of "mutual conception" on major issues and placed particular emphasis on bilateral cooperation, also in light of Greece assuming the European Union's rotating presidency in 2003.

[08] CEH leaders say PM's Washington visit at most opportune time

NEW YORK, 10/01/2002 (ANA)

"He can use the considerable influence of Greece as a NATO ally, the President of the European Union in 2003, and the regional power of the Balkans to, among other things, help keep on track recent positive movement toward a possible Cyprus settlement," said CEH leaders Andrew A. Athens, World President of SAE and National Chairman of UHAC; Philip Christopher, President of PSEKA and the Pancyprian Association of America; and Andrew E. Manatos, president of CEH.

"The timing is also good because Prime Minister Simitis, as the leader of the western world's buffer nation with the Muslim world, can provide President George Bush and his administration with important insights, as America tries to better understand and deal with the unprecedented problems surrounding September 11, 2001. This face-to-face meeting between the leaders of two countries that have been allies of over 100 years, will enable them to correct and clarify false impressions that inevitably develop between nations," a CEH press release said.

"As leaders of the two countries that have done the most to develop the democratic western world, they have a lot at stake. The dominance and constant spread of this western world clashes with Osama bin Laden's view that 'Allah has sole right of sovereignty and making the law.' The well-financed and ongoing effort to use nuclear and other weapons against these western world -European and American- targets, threatens all Greeks and all Americans. Prime Minister Simitis and President Bush have much to discuss," it added.

[09] Chytiris clarifies comments about CBS program

Athens, 10/01/2002 (ANA)

He also noted statements by US Ambassador in Athens Thomas Miller, who said the controversial episode of the news program '60 Minutes did not reflect the views of the American government.

In the news story last Sunday Athens was repeatedly criticized for its inability to eradicate the notorious "November 17" terrorist group.

On Tuesday, Chytiris had said that Greece's position on the fight against international terrorism was well-known and stressed that CBS did not represent the Bush administration - a statement that echoed similar comments by official US quarters.

He had, however, sharply criticized CBS and "60 Minutes' - one of the most acclaimed and prestigious US news programs - making accusations of bias and a slanderous presentation of statements by interviewed individuals.

Greek Parliament President Apostolos Kaklamanis, who was portrayed in a particularly negative light during the program, charged on Monday that only a fraction of a lengthy interview given in May had been aired and that his statements were taken out of context.

Among others, '60 Minutes' veteran journalist Ed Bradley stressed during the program that no arrests of suspected "November 17" members have been made in the 26 years since the elusive group first surfaced and after more than 100 attacks.

The program also described the US embassy in Athens as a veritable "fortress", while adding that the US State Department spends more money on the safety of US diplomats in Greece than it does for any other country in the world.

Bradley noted that the issue of terrorism in Greece concerns Washington in light of the 2004 Games in Athens, while he said that although no link has been uncovered tying "November 17" -- a small but lethal Marxist urban terrorist cell -- with the religious fanatics of "al Qaida", the inability of Greek authorities to hunt down the group's members may "attract" other terrorist organizations to Athens in 2004.

[10] Coalition party leader comments on Simitis' U.S. visit

Athens, 10/01/2002 (ANA)

He added that the premier should take advantage of this common stance so as to deflect whichever pressures exercised on Greece and noted that he was awaiting Simitis' return to be briefed on the results of the talks with U.S. President George Bush and other U.S. officials.

He also reiterated his party's stance for the establishment of an all Parliament party foreign policy council.

Constantopoulos' comments were made during a press conference, where he announced the agenda of the Synaspismos party congress scheduled for April 12 to 14.

He detailed the preparation processes within the party and spoke of a "truly political event with an essential content".

[11] Chytiris welcomes ND's 'constructive' stance in Parliament

Athens, 10/01/2002 (ANA)

On Tuesday night in Parliament, ND leader Costas Karamanlis said he supported Prime Minister Costas Simitis in the defense of Greek interests during the latter's visit to the United States.

[12] Navy to hand over Giaros for use as a monument, Papantoniou says

Athens, 10/01/2002 (ANA)

Papantoniou said that a presidential decree under which Giaros ceased to be a Navy firing range was awaiting the President's signature and would be published in the government gazette during the coming weeks.

The minister said that the finance and environment ministries would work together to restore the buildings on the island, build a pier and turn the island into a tourist attraction.

Papantoniou also announced that he would be visiting Cyprus within a month, either at the end of January or at the beginning of February.

[13] Parliament president meets new Cypriot ambassador

Athens, 10/01/2002 (ANA)

Kaklamanis stressed that the coordinated cooperation between Greek and Cypriot parliamentarians, especially those participating in international organizations, will help promote Cyprus' EU accession course as well as the just national causes on the Cyprus issue.

Ambassador Pantelides briefed Kaklamanis on the latest developments in the Cyprus issue and conveyed New Year best wishes by the President of the Cyprus House of Representatives, Dimitris Christofias.

[14] Greek Amnesty International calls for release of convicted Russian journalist

Athens, 10/01/2002 (ANA)

Amnesty International Greek Chapter noted that the journalist collected evidence of Russian Navy practices that were damaging to the environment and was prosecuted for his actions, but was acquitted in 1999.

The Russian Navy and the Russian Federal Security, however, brought charges anew and the journalist was convicted during a trial by a military court that took place in camera. The charges were those of efforts to weaken the combat readiness of Russia's Pacific Fleet.

"The prosecution on criminal charges of Gregori Pasko seems to have motives of political revenge, because he revealed the practice of nuclear waste being dumped into the sea. Thus, the case seems to be a clear violation of the national and international regulations that protect the freedom of expression, regulations that the Russian state is obliged to respect," a press release by the Greek Chapter of Amnesty International said, asking for the immediate release of the journalist and the reversal of his conviction.

[15] Israeli envoy disputes PA mission's denial in 'Karine A' case

Athens, 10/01/2002 (ANA)

A press release by Israeli ambassador David Sasson charged that "...One can only raise an eyebrow and smirk sarcastically after reading the latest announcement of the Palestinian Diplomatic Representation regarding the weapons on the ship 'Karine A'...

"It really takes a lot of 'chutzpa' for someone to try and deny the confession made on international TV stations by the captain of the ship himself, Omar Akawi. In the interviews, Akawi openly admitted that he is a member of the Fatah of the Palestinian Authority; that the whole operation was planned by the PA and that he was explicitly receiving orders from Adel Awadallah," the statement reads.

Israeli forces intercepted the "Karine A" as it sailed in the Red Sea off the coast of Saudi Arabia last Thursday. Some 50 tons of weapons were subsequently discovered on board, Israeli authorities announced.

On Tuesday, the Palestinian Authority's diplomatic representation in Athens categorically denied that its envoy to Greece was linked to the "Karine A" incident. In a press release distributed to local media, the Palestinian diplomatic representation said dpa dispatches citing the involvement of ambassador Abdullah Abdullah in the case are "fallacious and groundless."

"... the Israeli security services have accustomed us to such frame-ups that soon collapse," the PA press release concludes.

A day later the Israeli envoy stressed that "Common sense and a knowledge about the way foreign officials in Greece function in diplomatic channels can easily lead one to conclude whether the Palestinian Diplomatic Representation was involved or not in the issue. This is most likely why the Palestinians felt they had to deny basic facts," the Israeli embassy statement reads.

[16] PASOK denies carrying out poll in central Athens

Athens, 10/01/2002 (ANA)

[17] Gov’t announces measures to compensate farmers

Athens, 10/01/2002 (ANA)

The measures, announced by Economy and Finance Minister Nikos Christodoulakis, Agriculture Minister George Drys and Finance Deputy Minister George Floridis, envisage: -the immediate payment of 50 percent of estimated damages, -ELGA, the farm insurance agency, will cover 75 percent of total damages, -compensations will cover all crop and livestock capital and costs of reconstructing facilities, -credit facilities to farmers whose loans expire in the first six months of 2002.

"ELGA is currently visiting damaged areas to assess the situation," Christodoulakis told reporters.

Drys said that all payments would have been made by the end of May and that any due loan payments would be paid interest-free.

The two ministers did not exclude a move by the Greek government to ask for European Community's financial support to compensate for crop damages in the country.

Drys noted that it was the first time that not only a large part of the country's farm crop has been destroyed but that there were serious damages both in vineyards and peach trees.

"Out aim is to bring agriculture production back to its previous activities, that's why we intend to pay for the reconstruction of both the farm and livestock capital," Christodoulakis said.

Commenting on the likely lost income by Agricultural Bank of Greece (ATE), Christodoulakis said that the cost of a decision to allow farmers to repay their loans interest-free was not large.

DHKKI criticizes state compensation to farmers as inadequate: The government's measures to compensate farmers for damages incurred in the recent wave of bad weather were described as half-measures on Wednesday by the Democratic Social Movement (DHKKI), while party leader Dimitris Tsovolas said the measures were on no account sufficient to cover the farmers' losses.

DHKKI urged the government to take real and immediate steps to recompense farmers and livestock breeders and also called for the long term rescheduling of farmer debts to the Agricultural Bank of Greece.

[18] Gov't promises OA deal by end of January

Athens, 10/01/2002 (ANA)

A 105-million-euro offer by the Australia-based Integrated Airline Solutions (IAS) for 51 percent of state-owned OA - along with an accompanying commitment to retain 5,000 out of the debt-plagued airline's 7,000 employees -- is apparently the only option left on the negotiation table.

An IAS delegation arrived in Athens on Tuesday for talks with officials from Credit Suisse First Boston, as the latter serves as the Greek government's consultant on the OA privatization.

Both parties met with the Greek National Economy and Transport ministers on Wednesday, Nikos Christodoulakis and Christos Verelis, respectively.

It was Christodoulakis, in fact, who promised a conclusion to the OA deal by this month.

According to sources, the IAS delegation presented the consortium's operation plan for OA, reportedly scaled back since the Sept. 11 terrorist attacks in the United States.

The relevant ministers last month, along with Prime Minister Costas Simitis himself, reiterated that the government wants a national carrier to exist but not at the expense of taxpayers.

Verelis at that time said any "new schemes vying for OA should be very robust, and must be comprised of several business alliances ... If these negotiations don't produce results, then we're faced with all possible outcomes ..."

Axon Airlines, a small local carrier and until recently the frontrunner in a tender to privatize Olympic Airways, announced late last year that it would cease operations due to a major slump in the airline industry.

[19] Credit expansion growth slows in October

Athens, 10/01/2002 (ANA)

In its monthly report on credit conditions in the country, the central bank said consumer loans totalled 7.4 billion euros (Dr 2.521 trillion) in the first 10 months of 2001, with consumer loans rising 45.1 percent in October from the previous month.

Credit card debt exceeded Dr 1.158 trillion (3.4 billion euros) in October, an increase of 62.5 percent from the same month in 2000.

Personal loans rose 28.6 percent to a total debt of 2.1 billion euros (Dr 681.5 billion), a figure almost unchanged from August.

Mortgage loans totalled 14.7 billion euros (Dr 5.09 trillion) at the end of October, an increase of 35.8 percent from the same month last year, and slightly up from September's rate figure (35.3 percent).

Commercial banks have offered a total of 11.6 billion euros (Dr 3.9 trillion) in mortgage loans in October, up 38.4 percent from October 2000.

Credit expansion to the public sector (general government) rose 12.9 percent in October, down from 15 percent the previous month, while credits to the private sector slowed to 22.1 percent from 23.3 percent, over the same period.

Investments in repos also slowed significantly in October with the growth rate falling to 38 percent from the same month in 2000, to a total of Dr 1.39 trillion.

[20] Labor confederation to seek salary and wage convergence

Athens, 10/01/2002 (ANA)

GSEE will call for increases resulting from the sum of inflation anticipated and employees' participation in the increase in productivity and GDP.

Trade unions will also ask for a retroactive amount in 2002 for inflation being exceeded (above the percentage anticipated in the corresponding agreement), which they want included retroactively in wage assessment as of January 1, 2002.

[21] Greek bond market sharply up in 2001, report

Athens, 10/01/2002 (ANA)

In its annual review for the previous year, the central bank said that one of the main characteristics of the secondary bond market was a spectacular increase in liquidity (daily average turnover of 2.260 billion euros, or Dr 770 billion in the November-December 2001 period), and a rapid fall in the yield spread between the Greek state bonds and the eurozone bonds - mainly Germany's benchmark bond - to a record-low 33 basis points in December 27.

The report said that the country's entry in the eurozone, which led to an upgrade of the country's debt in domestic currency to A from A- by international credit agencies Standard & Poor's and Fitch IBCA in March and June, respectively, played a crucial role in developments in the domestic bond market.

These moves contributed to increasing Greek state securities' attractiveness and pushed prices higher. Prices rose by 50-60 basis points in 2001 in the short-term yield curve and by 316-394 basis points in the long-term yield curve.

The price of the 10-year benchmark Greek bond ended 2001 at 100.440, yielding 5.28 percent, while the 20-year state bond price ended last year at 109.360 (5.65 percent) over the same period.

A fall in the inflation rate in Greece, and the eurozone, a record 11 rate cuts by the Federal Reserve and lower interest rates by the European Central Bank, in the wake of the September 11 terrorist attacks in the US, have contributed to a gradual fall in Greek state bond yields.

This development, the report said, offered the Greek state the opportunity to finance its borrowing needs in domestic currency and to lower its foreign currency debt cost. The 12-month state bill's interest rate fell to 3.02 percent in December from 4.24 percent in February last year, while the 10-year bond's rate fell to 5.35 percent from 6.0 percent, over the same period.

Turnover soared to 314 billion euros in 2001 from 64 billion euros the previous year, with the bulk of the increase turnover recorded in the last quarter of 2001 and particularly November. The average monthly turnover was 26.2 billion euros from 5.3 billion in 2000.

The yield spread between Greek and other European state bonds fell spectacularly last year, reflecting increased confidence by domestic and foreign investors in the Greek capital market. The average spread between the 10-year Greek/German Bund fell to 38 basis points in December from 62 basis points in December 2000, slightly up from a record-low of 33 bps in December 27.

A decision by the central bank to offer primary dealer status to foreign banks trading in HDAT, mainly from London through remote access, also helped in the improvement of the market's last year.

A total of 12 foreign banks and five Greek banks received primary dealer status in 2001.

[22] Gov't warns retailers against 'unjustified' price hikes

Athens, 10/01/2002 (ANA)

Additionally, the ministry's leadership referred several bakery chains and individual proprietors to the competition committee on charges of increasing, en masse, bread prices by 13 percent - with the basic variety of bread now costing ?1 a kilo.

Bread prices have long been subsidized by the state in Greece.

[23] Phone connection fees rise to 9.98 euros, after regulatory approval

Athens, 10/01/2002 (ANA)

The new price list also includes decreases of 16 per cent in local calls and 23 per cent decrease in long distance calls.

The connections fees with the new prices will total 9.98 euros per month, while the local calls will cost 0.026 euros per minute and long distance calls will cost 0.063 euros per minute.

OTE will decide the timing of the changes.

[24] Ministers take decisions on social security agencies

Athens, 10/01/2002 (ANA)

The immediate activation of investing behavior rules was decided by which the limit for investments in shares and real estate increases from 20 percent to 23 of funds' reserves.

The Supervisory Committee on the investing behavior of social security funds will also be upgraded under the Bank of Greece's deputy governor.

[25] Greek stocks continue losing ground in ASE Athens, 10/01/2002 (ANA)

Traders said the fall was more a result of lack of buying interest and not as much of selling orders.

The index ended 0.74 percent lower at 2,582.26 points, with turnover a low Dr 32.15 billion, or 94.37 million euros.

The Bank, Publication and Holding sectors suffered the heaviest percentage gains (1.82 percent, 1.76 percent and 1.35 percent, respectively), while the Telecoms, Constructions and IT Solutions sectors scored gains.

The FTSE/ASE 20 index for blue chip and heavy traded stocks ended 1.11 percent lower, the FTSE/ASE MID 40 index fell 0.70 percent and the FTSE/ASE SmallCap 80 index eased 0.37 percent.

Broadly, decliners led advancers by 217 to 94 with another 36 issues unchanged.

The most heavily traded shares were Myloi Kepenou, Alpha Bank, Panafon, Hellenic Telecommunications Organization and National Bank of Greece.

Equity futures lose ground: Equity futures on the Athens Derivatives Exchange on Wednesday ended the session with lower in trading day that was marked by low volume than that of pervious sessions, traders said.

Changing hands were 3,742 contracts almost double than the previous session. Turnover was 22.2 million euros.

The underlying FTSE/ASE-20 index for heavily traded stocks and blue chips dropped 1.11 percent; and the underlying FTSE/ASE-40 for medium capitalization stocks dropped 0.70 percent.

Bond prices rise in increased trade: Bond prices in the domestic secondary market on Wednesday finished higher in slightly higher trade than in the previous session focusing on ten-year paper.

The Greek benchmark 10-year bond showed a yield of 5.22 percent, and the yield spread over German bunds was 35 basis points.

Turnover through the central bank's electronic system totaled almost 1.74 billion euros.

Buy orders accounted for the bulk of turnover.

[26] Olympiad committee president satisfied with Olympic Village works

Athens, 10/01/2002 (ANA)

According to data provided by Tziolas, 33 percent of the project will have been completed by January 21, 2002, while frames have been completed in most buildings and masonry work has got underway.

Both Tziolas and Daskalaki said they were satisfied with the project's progress, despite the recent adverse weather conditions which did not create serious problems.

The visit is part of the framework of Daskalaki's program of visits to Olympiad projects and it is the first made to the Olympic Village.

[27] South Africa interested in Athens 2004 Games

Athens, 10/01/2002 (ANA)

Momberg also spoke to Angelopoulos-Daskalaki of Mandela's wish to visit Athens and especially Olympia in April.

They also discussed the issues of promoting the Games in Africa, as the Torch Relay for the Athens 2004 Games is expected to pass through South Africa, which is one of the stops of the Relay.

In efforts to promote the Games in the African continent, the ATHOC president will have a series of meetings with ambassadors of African countries, an ATHOC press release said.

[28] U.S. DEA gave the tip for the large drug haul bust in Piraeus

Athens, 10/01/2002 (ANA)

The container with the drugs was discovered at a Piraeus customs house. According to police, the large cache of cocaine was hidden inside a container that arrived at Greece's largest port from Bogota, Colombia. Evidently the cocaine originate in Barraquilla, Colombia.

[29] Cyprus submits report to UN on fight against terrorism

NICOSIA, 10/01/2002 (CNA/ANA)

"The government is committed to joining forces with all governments on a bilateral level, as well as in international fora, in the struggle to eliminate terrorism," the report, submitted on 21 December 2001 according to an official press release, said.

It notes that Cyprus has ratified or acceded to ten of the twelve international conventions pertaining to international terrorism and adds that the government reiterates that it fully recognizes the existence and the dimensions of this international problem.

In the 24-page report, Cyprus outlines in great detail the measures it has taken to prevent and suppress the financing of terrorist acts and the penalties for committing such offences as well as legislation and procedures introduced to freeze accounts and assets at financial institutions. The report also refers to mechanisms and procedures in place to assist other states in the fight against terrorism and to exercise control at the country's borders.

The government points out that "almost 36 per cent of the territory of the Republic of Cyprus is under Turkish military occupation and therefore under the total control of Turkey" and consequently the legal government of Cyprus is prevented from exercising its jurisdiction in the island's northern occupied areas.

Cyprus has created a Mobile Immediate Action Union consisting of a specialized antiterrorist squad, has trained police officers in the investigation of terrorist activities, is in close cooperation with European, neighboring and other countries, and the House of Representatives enacted the ratification law of the UN convention for the suppression of the financing of terrorism.

The offences prescribed in the convention are criminal and the penalties provided are 15 years imprisonment and/or a fine of one million Cyprus pounds (one pound trades at about 1,5 US dollars).

Cyprus strongly condemned the terrorist attacks against the US on 11 September and has aligned itself with the international coalition of nations committed to combat global terrorism.

[30] Excavations in Paphos district unearth early faience

NICOSIA, 10/01/2002 (CNA/ANA)

An official announcement issued here on Wednesday notes that the excavations, which were carried out between August 26 and September 16, 2001, on the Middle Chalcolithic site, focused on a settlement the team had investigated in 1992 and a cemetery located on a prominent limestone outcrop.

Approximately one third of the visible cemetery has been excavated so far and the team believes that full-scale excavation of the burial site will provide the plan of a Chalcolithic cemetery for the first time.

This is of particular importance, as extra-mural burials of this period are extremely rare and there is no existing typology for Chalcolithic cemeteries or tomb groups.

Since the majority of the tombs are looted, focus is on analysis of architectural tomb-types. In the tombs overlooked by looters, the team found picrolite pendants of cruciform and other types, dentalium shell beads, red-on-white pots, a small bowl, a faience bead, substantial amounts of human bone, and an infant tooth.

The team also determined that some tombs had been reused and that the subsequent bodies had been inserted in a crouched position.

--JAA36847.1010671435/apollo.hri.org--

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