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Athens News Agency: News in English, 08-11-04

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

From: The Athens News Agency at <>


  • [01] Deputy FM Doukas concludes visit to Serbia
  • [02] EIB in talks with Hutchison, Cosco to fund Greek ports projects
  • [03] Large delegation of diplomats in Greece to north northern Aegean region
  • [04] Greek stocks surge 5.24% on Tues.

  • [01] Deputy FM Doukas concludes visit to Serbia

    Deputy Foreign Minister for Economic Diplomacy Petros Doukas visited the Neboisa Tower in Belgrade on Tuesday, as part of his official visit to Serbia.

    The Tower will be maintained and reopened with a donation from Greece, amounting to 1.5 million euros, to house a museum dedicated to pre-revolutionary visionary Rigas Fereos, who had been imprisoned there and murdered by strangulation by the Ottoman authorities in 1798.

    Doukas was welcomed at the Tower by Serb Culture Minister Bradic.

    The Greek deputy minister thanked the people and the government of Serbia for providing the Tower and referred in statements to the longlasting and inter-Balkan vision of Fereos for peace and democracy in the Balkans.

    "Rigas Fereos was a champion of the idea of unity of the Balkan peoples. He believed in a free and democratic union of the Balkans, where all peoples would maintain their rights and would respect the rights of their neighbours," he said.

    Doukas, who paid a two-day visit to Serbia, also had contacts in Belgrade with the ministers of Economy and Regional Development Mlajan Dinkic, Trade and Services Petar Skudric and Foreign Affairs Vuk Jeremic, with whom he discussed issues regarding bilateral relations.

    Jeremic thanked the Greek official for "the steadfast support that Greece is offering to Serbia in the political and economic sector, as well as for its course towards the European Union."

    Doukas's visit to Serbia was concluded with a lecture at the private Megatrend University titled "Ancient Greek philosophy and modern management", in which he elaborated on the "modern" views of the ancient Greeks and on how they are appearing in the modern-day era.

    [02] EIB in talks with Hutchison, Cosco to fund Greek ports projects

    The European Investment Bank (EIB) is holding separate negotiations with Hutchison and Cosco in order to seek out ways of funding their investments in the ports of Thessaloniki and Piraeus, Themis Kouvarakis, the bank's lending director told reporters in Luxembourg on Tuesday.

    Kouvarakis said the essential part of negotiations between EIB and the future managers of the cargo terminals in Thessaloniki and Piraeus was not expected to begin before the start of 2009, after the Greek Parliament ratified the management contracts.

    The European Investment Bank, the EU's investment arm, has signed a 100-mln-euro contract with the Thessaloniki Port Authorities to co-fund - by 50 pct -- a project to expand the port's sixth pier, a contract likely to be annulled since Hutchison's investment plan more than covers the value of the contract.

    The investment bank has also paid more than 100 million euros for works on a project to build a metro rail system in Thessaloniki. Kouvarakis said that under the plan, the metro system would be ready in 2012.

    The European Investment Bank is seeking to expand its activities in Greece, Kouvarakis said, adding that its lending portfolio totaled 5.4 billion euros in the period 2003-2007 and expects to hand-our another 1.1 billion euros this year.

    EIB has already signed partnership agreements with four Greek banks, in addition to the ones it is currently cooperating with (Piraeus Bank, Eurobank, Emporiki and PanCretan Bank) to act as intermediates in promoting its products.

    [03] Large delegation of diplomats in Greece to north northern Aegean region

    More than two dozen senior foreign diplomats in Greece will participate in a business junket organised by the Invest in Greece (IiG) Agency this week in the northern Aegean region. A total of 36 diplomats, including four ambassadors and 32 economic and commercial attaches, from 30 countries will participate in the visit to the island of Lesvos, where they will be briefed on the investment potential in the region's nine inhabited islands -- Lesvos, Lemnos, Aghios Efstratios, Hios, Inousses, Psara, Samos, Ikaria and Fourni. A special emphasis will be on tourism, renewable energy sources and promotion of local products. IiG is Greece's official investment promotion agency.

    [04] Greek stocks surge 5.24% on Tues.

    Greek stocks jumped 5.24 percent higher in the Athens Stock Exchange on Tuesday following a similar trend in other European markets, with the composite index of the market ending at 2,229.59 points. Turnover was a low 275.6 million euros, of which 18.4 million euros were block trades. Most sectors ended higher with the exception of the Insurance sector which fell 2.13 percent. Technology (7.98 pct), Banks (7.27 pct), Travel (6.51 pct), Industrial Products (6.02 pct) and Food/Beverage (5.67 pct) scored the biggest percentage gains of the day. The FTSE 20 index rose 5.91 pct, the FTSE 40 index ended 4.44 pct higher and the FTSE 80 index rose 5.45 pct. Broadly, advancers led decliners by 225 to 38 with another 21 issues unchanged.
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