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Athens News Agency: News in English, 10-06-30

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

From: The Athens News Agency at <>


  • [01] PM chairs PASOK National Council
  • [02] Natgas talks
  • [03] ASE: Big rise
  • [04] Hang glider crash

  • [01] PM chairs PASOK National Council

    ANA-MPa/The ruling PASOK Political Council, chaired on Tuesday by party leader and prime minister George Papandreou, discussed the government's social security bill with employment and social security minister Andreas Loverdos and unanimously approved a resolution stressing that PASOK and the government have the duty to proceed unwaveringly in the institution of regulations that will guarantee the viability and social adequacy of the public social security system, and particularly the ensurance pf pensions and consolidation of the social and social security rights of the young generation.

    In this time of crisis for the working people and the country, the resolution said, "the challenge of growth and consolidating integrated social and social security structures is the immediate goal of PASOK and its government, opining that continuation of the dialogue between the General Confederation of Workers of Greece (GSEE) and employer federations for the signing of a framework agreement will "contribute decisively to the building of a climate of cooperation and will strengthen our collective effort to overcome the problems faced by the Greek economy and society".Ana-Mpa

    "The decisions we take must be such as to shield the country not only from the crisis but also from possible developments in the future that we cannot know," Papandreou told the Council, stressing that "we need to look at the international climate in which we are living and in which we are obliged to act".

    He reiterated that no political leadership would want to take the "difficult decisions that we are called on to take", adding that many these decisions "are not those that reflect us ideologically".

    [02] Natgas talks

    ANA-MPa/Greece and Azerbaijan have agreed to commence negotiations for the direct supply of Azeri natural gas to Greece, it was made known on Wednesday.

    The commencement of negotiations was agreed by Greece's Environment, Energy and Climate Change minister Tina Birbili and Azerbaijan's Energy minister Natig Aliyev on the sidelines of the 2010 Mediterranean Oil & Gas Conference, which was held in Athens.

    A ministry announcement said the two sides agreed to further promote their bilateral relations in the natgas sector and also a framework for the direct purchase of natural gas from Azerbaijan, for which the companies DEPA (Greece's natgas corporation) and SOCAR will work together.

    [03] ASE: 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 2.03 percent, standing at 1,463.57 points at 11:15 am, and turnover at 14.135 million euros.

    Individual sector indices were moving mostly upward, with the biggest gains in Commerce, up 1.55 percent; and Food and Banks, up 1.15 percent.

    The biggest losses were in Media, down 1.87 percent and Oil and Gas, down 0.94 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 2.51 percent, the FTSE/ASE MID 40 index was up 0.38 percent, and the FTSE/ASE-80 small cap index was up 0.52 percent.

    Of the stocks traded, 44 were up, 20 were down, and 10 were unchanged.

    [04] Hang glider crash

    Two people were killed on Tuesday night when their hang glider, for reasons as yet unknown, crashed in the area of Egio, Achaia prefecture during a training flight.

    The two were identified as the hang glider's 50-year-old pilot/trainer and a 17-year-old highschool pupil.

    The 50-year-old man was an experienced hang glider pilot and president of the Egio Flying Club, while the teenager had just begun lessons.

    An investigation was launched into the causes of the accident.

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