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Athens News Agency: News in English, 10-05-12

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

From: The Athens News Agency at <>


  • [01] Grass-draped buses at Thessaloniki 'Future City' Innovation Festival
  • [02] 200-mln-euro cargo project
  • [03] ASE opening: Big rise

  • [01] Grass-draped buses at Thessaloniki 'Future City' Innovation Festival

    Visitors to Thessaloniki this week were taken by surprise as a bus covered entirely in lawn grass took to the streets.

    The bus, covered in real gas, and a solar-powered bus are among the environmentally friendly ideas presented at the 1st Innovation Festival running at the Thessaloniki Exhibition Center through May 16.

    The Thessaloniki "Future City" Innovation Festival, organised by the Thessaloniki Chamber of Commerce and Industry, hosts a wealth of entries from around the world, including the participation of the Massachusetts Institute of Technology (MIT).

    The main event, on the theme augmented reality and titled "The future belongs to those who prepare it", will be held at the Vassiliko Theater foyer on Thursday evening, with the participation of MIT and international guests, who will present international practices and Greek innovations in digital and green development.

    An exhibition of innovative products and applications and an Idea Factory will also be on display from Thursday to Sunday (May 16) in the Port of Thessaloniki's Warehouse D, open from 10:00 a.m. to 9:00 p.m.

    A Thessaloniki urban bus draped completely in real grass, which showcases the festival, will be parked every day in a different part of the city. Visitors will be provided with informational material on environmental protection, alternative forms of energy, green development and other related topics.

    The bus also hosts a selection of exhibits, such as an award-winning, 100 percent environment-friendly wooden bicycle for children as well as model systems explaining how aeolic (wind) and solar energy work.

    The grass-bus aims to increase public awareness on environmental and energy conservation topics, according to Chamber president Dimitris Bakatselos, who adds that the Innovation Festival hopes to bring a note of optimism in this period of crisis.

    Besides, he stresses, "innovation can be the industry of the future for Thessaloniki".

    The Festival proper opens on Thursday with the presentation of awards to personalities who have excelled in the field of innovation during an evening ceremony at the Vassiliko Theater.

    [02] 200-mln-euro cargo project

    Infrastructure, Transport and Networks Minister Dimitris Reppas on Tuesday said an international tender to build a cargo and logistics center in Thriasio Pedio, western Attica, will be completed this year.

    The project, worth around 200 million euros, will be build in a property owned by GAIAOSE covering an area of 2,200 stremmata (one stremma=1,000 sq.m.) with building space covering 240 stremmata. Speaking to reporters, Reppas said the cargo center was a unique project that will change the map in land transport, offering quality and competitive prices. The Greek minister said the international tender sought to find an investor to fully fund, build and manage the project for a period of 40 years.

    Under the plan, the first period of the project -around 18 months- envisages construction of buildings covering a space of 50 stremmata, the second period -around 60 months- envisages construction of buildings in an area of 170 stremmata and the third period -around five years- envisages construction of logistics spaces in a area of 70 stremmata.

    Reppas said the investor will pay an annual guaranteed sum to GAIAOSE and a percentage on turnover, while it will offer GAIAOSE a 15 pct equity stake of the company.

    The Greek minister said candidate investors have expressed interest in the tender and said that he was scheduled to meet with the head of chinese company COSCO next Thursday, 20 May.

    [03] ASE opening: Big rise

    Equity prices were rising at the opening of trade on Wednesday on the Athens Stock Exchange (ASE), with the basic share price index up 2.14 percent, standing at 1,670.03 points at 11:15 am, and turnover at 23.773 million euros.

    Individual sector indices were moving mostly upward, with the biggest gains in Financial Services, up 2.81 percent; and Banks, up 1.43 percent.

    The biggest losses were in Oil and Gas, down 0.48 percent; and Personal and Household Goods, down 0.08 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 1.79 percent, the FTSE/ASE MID 40 index was up 0.56 percent, and the FTSE/ASE-80 small cap index was up 0.95 percent.

    Of the stocks traded, 37 were up, 12 were down, and 25 were unchanged.

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