|Wednesday, 30 September 2020|
Macedonian Press Agency: News in English, 98-06-07
From: The Macedonian Press Agency at http://www.mpa.gr and http://www.hri.org/MPA.
Last Update: 08:27 GMT+2
NEWS IN DETAIL
 SIMEON B', AGA HAN AND ROMANOV ARRIVED IN MOUNT ATHOS
Web Posted: 16:27 GMT+2Thessaloniki, 06.06.1998 (MPA) Bulgaria's exiled King Simeon B', Prince Aga Han and Vladimir Romanov, who claims the Russian throne, arrived in Mount Athos, in Chalkidiki northern Greece, at noon today.
The three arrived in Thessaloniki last night on a chartered flight from Geneva and today they will visit the monasteries of Batopediou and Iviron while on Sunday they will visit the monastery of Zografou.
According to information, their visit to the monastic community of Athos is placed within the framework of the efforts for the creation of a Club for the Friends of Byzantium.
 INFLATION WAS 5.3% IN MAY
Web Posted: 16:27 GMT+2Athens, 06.06.1998 (MPA) The inflation rate in Greece remained unchanged at 5.3% in May and the Statistics Agency speculates that the effects of the devaluation of the drachma have been absorbed, while inflation will drop starting in the month of June.
According to information, inflation in June is expected to be between 5.1% and 5.2%. Those speculations raise the hopes of the government's economic staff which expects that inflation will drop to 4% by the end of 1998.
This way the goal of a 2% inflation at the end of 1999 will be feasible and will open the door for Greece to enter the European Economic and Monetary Union at the year 2001.
 POSITIVE COMMENTS BY THE EU ON THE GREEK ECONOMY
Web Posted: 16:27 GMT+2Athens, 06.06.1998 (MPA) The 15 finance ministers of the European Union countries made positive comments on the state of the Greek economy.
As they mentioned in a report they have prepared, the public deficit dropped to 4% in 1997, while in 1998 it is expected to drop even further, below the 3% mark, which is a necessary precondition in the Maastricht Treaty.
The report will be discussed in the European Summit meeting that will be held in Cardiff on June 15 and 16.
 SPECIAL TRAFFIC POLICE MEASURES FOR THE THREE-DAY HOLY SPIRIT HOLIDAY
Web Posted: 16:27 GMT+2Thessaloniki, 06.06.1998 (MPA) The mass exodus of the big city residents for the three-day Holy Spirit holiday continues.
Traffic police has implemented special measures along the Athens-Thessaloniki national network and a large number of traffic police officers have been placed in busy spots of the road network to assist the motorists. Many holiday makers have chosen to travel by boat, train and bus.
 THE BLACK SEA BANK WILL OPEN IN THESSALONIKI IN JANUARY
Web Posted: 16:27 GMT+2Thessaloniki , 06.06.1998 (MPA) Thessaloniki will host the Black Sea Bank in January. The Bank will be the main funding institution of a regional organization which after the Yalta meeting got its own charter.
The Black Sea Cooperation Organization will have 11 member-states. Those countries seek to create a market of 350 million people and develop a mutually advantageous cooperation.
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