Athens News Agency: News in English, 07-03-27

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

CONTENTS

[01] 'Volos-Larissa 2013' candidacy presented

[01] 'Volos-Larissa 2013' candidacy presented

The event was attended by representatives of the country's political and sports authorities, who declared their support for the two cities' candidacy to host the Mediterranean Games in 2013.

The formal presentation of the Greek candidacy was made by Isidoros Kouvelos, President of the Bid Committee and Vice President of the Greek Olympic Committee.

Government officials present at the event included Foreign Minister Dora Bakoyannis, Tourism Development Minister Fani Palli-Petralia and Deputy Interior, Public Administration and Decentralisation Minister Athanasios Nakos.

Greek Olympic Committee President Minos Kyriakou said that "following the upgrading of the Olympic Games in 2004 and the successful experience of the 1991 Mediterranean Games in Athens, Greece will have the opportunity of undertaking one more tournament and an entire region, such as Thessaly is, of enjoying the benefits they entail. The Games aim at the creation of close ties of friendship between the peoples of the Mediterranean."

Kouvelos said that the budget for the Games will be balanced, while expenditures are expected to total 76 million euros. He added that the important point concerning revenues will be sponsorships that are expected to amount to 47 million euros. This figure will account for 61.8 percent of revenues, while the remaining 38 per cent will come from ticket sales, contributions by government bodies, lottery gains, television rights, etc.

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