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Athens News Agency: News in English, 11-04-05

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

From: The Athens News Agency at <>


  • [01] Meeting on Fiscal Adjustment Framework
  • [02] PPC shortlisted for hydropower plants project in fYRoM
  • [03] ND on 'sources of wealth'
  • [04] Embassy in Libya suspended
  • [05] ASE opening: Rise 

  • [01] Meeting on Fiscal Adjustment Framework

    Economic issues and the Medium-Term Fiscal Adjustment Framework were discussed during an inter-ministerial meeting chaired by prime minister George Papandreou at his office in parliament on Monday evening, according to sources.

    The sources said that the meeting was attended by finance minister George Papaconstantinou, interior, decentralisation and e-governance minister Yiannis Ragoussis, government spokesman George Petalotis, and culture and tourism minister Pavlos Geroulanos, as well as ruling PASOK's parliamentary spokesmen Petros Efthymiou and Christos Protopapas.

    More details on the subscriber's page of ANA-MPA | Subscription request form


    [02] PPC shortlisted for hydropower plants project in fYRoM

    (ANA-MPA) -- Public Power Corp. (PPC), Greece's listed power and distribution utility, has been shortlisted in a pre-qualification international tender for the construction of two major hydroelectric plants (HPP) in the neighbouring former Yugoslav Republic of Macedonia (fYRoM), it was announced on Tuesday

    The investor to be selected will participate in a consortium with fYRoM's state electricity company ELEM for the construction of the roughly 540-million-euro Cebren and Galiste hydroelectric project along the Crna River in the southern part of the land-locked country. Of the 540 million euros initially budgeted for the two plants, 340 million euros are anticipated for Cebren and 200 million euros for Galiste. (ANA-MPA)

    Greece's PPC is one of 10 candidates, from a total of 16, which have been shortlisted for the second stage of the Cebren-Galiste project, the biggest energy project in the country. (ANA-MPA)

    More details on the subscriber's page of ANA-MPA | Subscription request form


    [03] ND on 'sources of wealth'

    (ANA-MPA) -- The main opposition New Democracy (ND) party on Monday said it was ready to submit a draft law envisioning that "source of wealth" statements filed by government ministers, alternate ministers and deputy ministers who served after 1974 be cross-checked.

    ND spokesman Yiannis Mihelakis said his party will undertake the initiative in case no such move is made by the government, stressing that all political parties in Parliament should agree on the immediate implementation of the proposal which was first made by ND leader Antonis Samaras long ago.

    ND suggested setting up an inspection committee to cross-check the aforementioned "source of wealth" statements, as well as, the financial situation statements submitted by the spouses and children of ministers.

    The main opposition also suggested that competent state authorities be given the legal right to seize any unjustifiable or illegally acquired property.

    In an unrelated statement, he sharply criticised an alleged quip by a Turkish government vice-president, namely, that Greece is deeply indebted and will soon be "begging". Mihelakis underlined that "no difficulty will make us sell out our national rights", while calling on the government to take a stance in response to this "shameless provocation".

    More details on the subscriber's page of ANA-MPA | Subscription request form


    [04] Embassy in Libya suspended

    The Greek Foreign Ministry announced on Monday evening the suspension of the Greek embassy's operation in Tripoli, Libya.

    According to a ministry announcement, Greek interests will be represented by the embassy of Hungary, the country that currently holds the EU six-month rotating Presidency.

    (Photo by EPA/M. Brabo)

    More details on the subscriber's page of ANA-MPA | Subscription request form


    [05] ASE opening: Rise

    Equity prices were rising at the opening of trade on Tuesday on the Athens Stock Exchange (ASE), with the basic share price index up 0.56 percent, standing at 1,500.73 points at 12:00 noon, and turnover at 27.083 million euros.

    Individual sector indices were moving mostly upward, with the biggest gains in Insurance, up 3.39 percent; Public Utilities, up 2.00 percent; and Bankis, up 1.70 percent.

    The biggest losses were in Mass Media, down 5.45 percent; and Personal Products, down 0.98 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 0.64 percent, the FTSE/ASE MID 40 index was up 0.42 percent, and the FTSE/ASE-80 small cap index was up 0.33 percent.

    Of the stocks traded, 54 were up, 33 were down, and 24 were unchanged.

    More details on the subscriber's page of ANA-MPA | Subscription request form

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