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Athens News Agency: News in English, 03-12-02

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] French FM signs Olympic Truce proclamation in presence of Greek
  • [02] Greece, Turkey sign double taxation avoidance pact
  • [03] PM meets visiting Communist Party of China official
  • [04] Greek ships account for 40pct of European fleet
  • [05] Weather Forecast: Cloud, showers on Wednesday
  • [06] Foreign Exchange Rates: Wednesday
  • [07] Telecoms, small-caps lead ASE higher on Tuesday

  • [01] French FM signs Olympic Truce proclamation in presence of Greek counterpart

    02/12/2003 23:28:53

    PARIS (ANA - O. Tsipira) - French Foreign Minister Dominik de Villepin signed the Olympic Truce proclamation on Tuesday morning in the presence of his Greek counterpart George Papandreou.

    Speaking on the occasion, Papandreou said ''we succeeded in reviving the modern-day Olympic Games with the assistance of the French and Pierre de Coubertin in particular. For over 100 years Greek intellectuals had strived to have the idea of the Olympic Games revived. They loved the idea of the Olympic Games so very much. However, at the same time with their revival they also sought the deeper concept, which was achieving a period of peace during the Games.''

    Referring to the Olympic Games, Villepin said ''I would like to say that I participated in a Marathon race 20 years ago. There is nothing better than sports competition. The Olympic Games are the best example of a kind of world in which we want to live in, with effort, competition and the seeking of peaceful spirit. For this reason, we must encourage such initiatives, which constitute the best example of our desire for coexistence.''

    The signing of the Truce document took place in a hall in the Georges V hotel in Paris in the framework of the session of the annual European Leadership Forum, organised by the economic magazine Business Week.

    The French foreign minister and his Greek counterpart were the official guests at the conference. They referred to foreign policy, EU enlargement and the Olympic Truce.

    [02] Greece, Turkey sign double taxation avoidance pact

    02/12/2003 23:26:39

    Greece and Turkey on Tuesday signed an agreement that abolishes many instances of double taxation in a move expected to help boost business ties between the two countries.

    In the wake of five years of negotiations, the pact was signed in Ankara by visiting Finance Minister Nikos Christodoulakis and his Turkish counterpart.

    The finance ministry said in a statement that the main points of the agreement are as follows:

  • The criteria for taxation of shipping revenue from international transportation will be a ship's flag

  • Equalisation of taxation status for Greek and Turkish firms in each others' countries

  • Introduction of a 15 per cent branch tax in Turkey for branches of Greek firms as opposed to companies set up there

  • Taxation in country of origin for Greek and Turkish transit trucks taking goods out of one country or the other

  • Introduction of 12 percent tax on interest as with France and Belgium

    [03] PM meets visiting Communist Party of China official

    02/12/2003 23:23:41

    Prime Minister Costas Simitis on Tuesday received visiting Communist Party of China official He Yong, a member of the CPC Central Committee secretariat and deputy secretary of the Central Commission for Discipline Inspection, who is currently visiting Athens at the head of a CPC delegation.

    The two men discussed bilateral relations between Greece and China and international affairs.

    [04] Greek ships account for 40pct of European fleet

    02/12/2003 23:21:08

    Merchant Marine Minister George Paschalidis said on Tuesday that Greek ships account for 40 per cent of the European fleet's capacity.

    The minister told the first meeting of the National Shipping Policy Council that inflows from shipping totalled 9.0 billion euros in 2003.

    The government's aim was to see modernisation of the country's fleet and ensure safety at sea, he added.

    [05] Weather Forecast: Cloud, showers on Wednesday

    02/12/2003 19:06:09

    Cloudy weather is forecast throughout the country with scattered showers mainly on the eastern mainland, the Cyclades and Crete. Winds variable, moderate to very strong, turning gale force in parts of the Aegean. Temperatures to drop slightly, with a minimum of 11C and maximum of 14C in Athens; and in Thessaloniki, 08C to 11C.

    [06] Foreign Exchange Rates: Wednesday

    02/12/2003 18:52:30

    Reference buying rates per euro released by the European Central Bank

    U.S. dollar 1.207

    Pound sterling 0.701

    Danish kroner 7.501

    Swedish kroner 9.083

    Japanese yen 131.9

    Swiss franc 1.567

    Norwegian kroner 8.228

    Cyprus pound 0.588

    Canadian dollar 1.576

    Australian dollar 1.657

    [07] Telecoms, small-caps lead ASE higher on Tuesday

    02/12/2003 16:44:04

    Greek stocks resumed their upward trend on Tuesday, after Monday's short-lived correction, in the Athens Stock Exchange with buying interest focusing on smaller capitalisation and telecommunication stocks.

    The general index rose 0.77 percent to end at 2,180.61 points, with turnover a strong 180.7 million euros.

    The Telecommunications, Textile and Holding sectors scored the biggest percentage gains of the day 1.86 percent, 1.62 percent and 1.37 percent, respectively), while the Food-Beverage and Publication sectors suffered the heaviest percentage losses (0.51 percent and 0.39 percent, respectively).

    The FTSE/ASE 20 index for blue chip and heavy traded stocks rose 0.69 percent, the FTSE/ASE MID 40 index ended 0.38 percent higher and the FTSE/ASE SmallCap 80 index jumped 1.03 percent.

    Broadly, advancers led decliners by 195 to 101 with another 58 issues unchanged.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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