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Athens Macedonian News Agency: News in English, 14-11-18

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

From: The Athens News Agency at <>


  • [01] A new 5 Richter quake can't be ruled out, professor of Geology Efthimios Lekkas tells ANA-MPA
  • [02] Carlsberg announces merger plan with Olympic Brewery
  • [03] Overdue debt to social security funds up in Oct‏ober

  • [01] A new 5 Richter quake can't be ruled out, professor of Geology Efthimios Lekkas tells ANA-MPA

    ANA/MPA---"A new tremor below 5 on the Richter scale cannot be ruled out," professor of Dynamic Tectonic Applied Geology of the Kapodistrian University of Athens and President of Earthquake Planning and Protection Organization Efthimios Lekkas said in an interview with ANA-MPA on Tuesday.

    "A quake of the same magnitude is probable, but what I believe more probable is a quake of 4.7-4.8 on the Richter scale from the same area of the double quake. It will also be very positive if we have a series of aftershocks so that the seismic procedure fades out," Lekkas estimated.

    The professor of Geology in Athens University noted that the double quake was triggered by the activation of small, nearby to Atalanti fault, rifts which do not have the "power to give quakes of high magnitude. Conclusively what we expect is light quakes that may reach 5.2 to 5.3 on the Richter scale. It is very positive the fact that the seismic energy is de-escalating by a string of aftershocks."

    Lekkas noted that we should not expect a strong earthquake from the Atalanti fault in the next seven to nine centuries. " The Atalanti fault gave a strong shock 110 years ago in 1894. The fault fills with energy every 700-900 years, therefore we have lots of time ahead of us until the Atalanti fault activates again," he said.

    The director of Geodynamics Institute Akis Tselentis on Tuesday did not rule out the possibility of a stronger quake from the area of the Evian Gulf.

    "People should be cautious, because the area that gave the double 5.1 Richter quake early Tuesday is very big and of high seismic activity," he said. However, Tselentis clarified that the quake's epicentre is not related to the Atalanti fault but, it is very close to it. He also estimated that quakes as those recorded on Monday can't activate the Atalanti fault.

    The reseach director of Geodynamics Institute Giorgos Drakatos shares the same opinion, estimating that the epicentre of the 5.1 Richter double quake is not on Atalanti fault but at a bit southern.

    "We have no indication of an imminent strong tremor from the Evian Gulf seismic zone," said emeritus professor of Seismology Vassilios Papazahos. "The whole country is an earthquake-prone area and for this reason we must learn to live with the quakes," he said adding "we, seismologists, make only estimations".

    In contrast, Papazahos' son, professor of seismology Costas Papazahos, agreed with Tselentis' line saying that he does not rule out the possibility the 5.1 quake not to be the main shock and that we should be cautious over the next days.

    [02] Carlsberg announces merger plan with Olympic Brewery

    ANA/MPA---Carlsberg, the Danish brewery, on Tuesday announced it will significantly strengthen its position in Greece through its merger with Olympic Brewery, the third largest player in the Greek beer market.

    Carlsberg will own 51 pct of the new company which will be formed after the merger, while Olympic Brewery's current shareholders will own 49 pct of the company.

    "The company that will emerge from the merger will be the second largest player in the Greek beer market, with a market share of around 29 pct. The combination of Olympic Brewery's strong brand Fix with Carlsberg group's Mythos brand and our international quality product will create a very strong range of products, making the new company very attractive to Greek retailers and wholesalers. Additionally, the combination of our companies will lead to synergies in sectors such as supplies, production and distribution," Carlsberg said in a statement.

    Chairman of the new Hellenic Brewery will be Lars Lehman while Alexandros Karafyllidis will be appointed as chief executive

    [03] Overdue debt to social security funds up in Oct‏ober

    ANA/MPA---Overdue debt to social security funds rose to 11.485 billion euros at the end of October from 11.318 billion a month earlier, official figures showed on Tuesday.

    A report by the Social Security Debt Collection Center (KEAO) said that debt collection surpassed 43 million euros in the month. Labor ministry officials, however, expressed their optimism that the introduction of a new legislation offering greater flexibility in the repayment of overdue debt would give a boost to social security payments over the next few months.

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