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The Hellenic Radio (ERA): News in English, 01-11-22

The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article

From: The Hellenic Radio (ERA) <www.ert.gr/>

CONTENTS

  • [01] NEWS IN ENGLISH THE VOICE OF GREECE
  • [02] 2002 State budget
  • [03] DEI will float shares in the Athens bourse
  • [04] Good news for Tobacco growers
  • [05] Ion Iliesku visits
  • [06] Greece Athens bourse

  • [01] NEWS IN ENGLISH THE VOICE OF GREECE

    22/11/2001 12:34:00

    2002 State budget DEI will float shares in the Athens bourse Good news for Tobacco growers Ion Iliesku visits Greece Athens bourse

    [02] 2002 State budget

    The state budget for 2002 that was tabled in parliament yesterday provides for 2.5% salary increases in the public sector and a 3.3% increase for pensions, tax reductions and a decrease of the public debt for the first time lower than the 100% of the GDP.

    The cabinet yesterday discussed the budget and approved it. According to information, Christos Verelis proposed that duties in the airports be reduced in order to boost tourism, while Yannos Papantoniou referred to the merger of the National Bank with Alpha Bank and pointed out the danger of cultivating exaggerating expectations in the market.

    Prime minister Kostas Simitis also referred to the budgets developmental character, stressing that the good course of the Greek economy is being confirmed.

    The New Democracy (ND) party described the state budget as fictitious, the Greek communist party called it anti-popular, while the parties of the Coalition of the Left Wing and Progress spoke of unilateral sacrifices and the Democratic Social Movement about an austerity budget for many people.

    Meanwhile the OECD, the European Commission and the International Monetary Fund praised the government for the progress noted in the economy.

    Finance Minister Nikos Christodoulakis is meeting this morning with the board of the General Confederation of Greek Workers.

    [03] DEI will float shares in the Athens bourse

    A broad government meeting will be held at the National Economy Ministry today on the issue of the Public Electricity Corporation (DEI) with the participation of Development Minister Akis Tsochatzopoulos.

    The meeting will cover the time-table concerning the introduction of DEI into the Athens stock exchange and the interest private and institutional investors show in participating in public entries expected to be held from December 4 to 7.

    However, the final dates for public entries in the stock exchange will be fixed tomorrow at a session of the Athens stock exchange board meeting.

    [04] Good news for Tobacco growers

    The EU Agriculture Ministers Council gave a third extension to the tobacco growers subsidies, which are expected to be at the same levels with 2001, according to Agriculture Minister Giorgos Dris.

    The farmers are in a wait-and-see state expecting the final prices of their product to be announced, while they continue the regional meetings to decide on the future form of their mobilizations, while tobacco and cotton growers will hold symbolic protest actions in Thessaloniki today.

    The leadership of the Ministry of Agriculture stated that it is ready, following understanding with the farmers, to take all the necessary measures to secure the income of tobacco and cotton growers.

    Meanwhile, The leader of the Coalition of the Left Wing and Progress party Nikos Konstantopoulos will give an interview today on the farming sector and the problems farmers are facing.

    [05] Ion Iliesku visits

    Romanian President Ion Iliesku is in Greece for a three-day visit. Mr. Iliesku met with his Greek counterpart, Konstantinos Stefanopoulos, at the Presidential Mansion yesterday.

    Today, the Romanian President will meet with the Speaker of the Parliament, Apostolos Kaklamanis, at the Parliament building and in the afternoon a discussion with Prime Minister Kostas Simitis will take place. Later he will meet with Mayor of Athens Dimitris Avramopoulos, who will present him with the Golden Medal of the city.

    On Friday, Mr. Iliesku will go to Crete.

    Among other places he will visit the Herakleion Archeological Museum and the Archeological area of Knossos, while he will meet with representatives of the Romanian community of the Island.

    [06] Greece Athens bourse

    Small losses were recorded in the Athens Stock Exchange on Wednesday. The general index dropped by 0.40%, closing at 2,765.56 points, while the volume of transactions was at 255 million Euro or 87 billion drachmas.

    Of the stocks trading yesterday, 280 recorded gains and 67 had losses, while the value of 15 stocks remained unchanged.


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