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Athens News Agency: News in English, 08-11-03

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

From: The Athens News Agency at <>


  • [01] Employment minister holds talks with Cyprus President Christofias
  • [02] Kerasma and Partenariat conference ends
  • [03] Mytilineos, Motor Oil in energy joint venture project

  • [01] Employment minister holds talks with Cyprus President Christofias

    NICOSIA (ANA-MPA/A. Viketos) - Greece's Employment Minister Fani Palli-Petralia, commenting on Monday on the European Commission's prediction that unemployment in Greece will reach 9 percent in 2008 (7.6 percent in the eurozone and 7 percent among the "27") and 9.2 percent in 2009, said that the Greek economy has endurance and that the policy of stability and mild adjustment being applied by the government has produced results.

    Replying to a relevant question after meeting Cyprus President Demetris Christofias, Petralia stressed that while the International Monetary Fund (IMF) predicts a growth rate of 0 percent for the eurozone, for Greece it predicts 2 percent.

    The Greek minister said her meeting with President Christofias was "very interesting" and, as she said, it focused on the preparation of policies from both countries to prevent an increase in unemployment.

    Petralia announced that the president of Cyprus will be visiting Athens soon and stressed that the Greek government is a steadfast supporter of his efforts to achieve a viable and just solution to the issue of Cyprus.

    She added that such a solution must respect the principles of international law absolutely and must be fully in line with the values of the European acquis communautaire.

    [02] Kerasma and Partenariat conference ends

    The 3rd International Kerasma and Partenariat Conference of the Greek Food, Wines and Beverages Industry, organised by the Exports Promotion Organisation (OPE) ended in Athens on Monday.

    The event was held thanks to the support of the Finance and Economy ministry, under whose auspices the conference was held, and thanks to cooperation between OPE and all the food, wines and beverages federations in the country.

    The conference was attended by over 100 super market representatives, large scale distribution networks and people influencing public opinion in 18 overseas market-targets. In addition, 90 of the most important Greek businesses in the food, wines and beverages sectors had the opportunity of presenting their products and to highlight their special characteristics.

    The aim of the conference was the creation of preconditions for the development of cooperation between Greek and foreign businessmen and informing foreigners on the special characteristics and the nutritious value of Greek food and wines, as well as the presentation of other possibilities in using the products.

    [03] Mytilineos, Motor Oil in energy joint venture project

    Mytilineos SA and Motor Oil, two Greek-listed companies, on Monday announced a joint partnership through Corinth Power S.A. for the construction, operation and management of a combined-cycle energy unit, to be located within Motor Oil's refinery at the Aghii Theodori coastal site, west of Athens.

    The two companies signed a joint venture agreement, under which Motor Oil Hellas SA will have a 35-pct equity stake in Corinth Power, with the remaining 65 pct owned by Mytilineos SA is expected to comprise part of the Endesa Hellas energy portfolio in Greece.

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