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Wednesday November 24, 2004 - Archive

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24/11/2004

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TOP STORY
All-out investment push New bill offers businesses massive subsidies, full tax exemption In an effort to boost foreign investment and stoke up Greece's economy, the government unveiled an extensive and ambitious development program yesterday, offering a wide range of tax breaks and subsidies.

FRONT PAGE NEWS

New bill to protect rights of minorities

On the day it was revealed that Greece has been referred to the European Court over its failure to update equality laws, the government yesterday submitted a bill to Parliament...

A good year, 3,800 hectares burnt

Despite a rise this year in the incidence of forest fires and the size of area burnt...

Minister puts foot in mouth

Defense Minister Spilios Spiliotopoulos yesterday was embroiled deeper into the controversy over the ongoing parliamentary investigation of arms deals by the previous government.

Past no snag for Salonica metro

Senior Culture Ministry officials have given the go-ahead for construction of Thessaloniki's proposed new underground railway...

Rein in violent protests...

Thessaloniki residents cross in front of a riot police bus, called in yesterday to rein in violent protests by locals...

Ceiling falls on vases in Iraklion museum

Part of the ceiling in one of Greece's top archaeological museums has collapsed, damaging a display case of 3,500-year-old pottery, the Culture Ministry admitted yesterday.

IN BRIEF

Turkish, Greek fighter jets joust for the fourth time in just over a week : Five formations of Turkish fighter jets yesterday violated Greek national air space...

Strong tremor in southern Albania, seismologists' readings differ : A strong earthquake, measuring 5.5 on the Richter scale, struck...

Three TV actresses charged : A Xanthi prosecutor yesterday brought charges of disturbing the peace...

US 'threat' : President Costis Stephanopoulos yesterday stressed the need for vigilance...

Store sales : are to begin on February 1 and continue until the February 28...

Diesel protest : The environmental protection group Greenpeace yesterday called for the ban...

Island power : Deputy Development Minister Giorgos Salagoudis yesterday approved licenses...

Traffic disruptions : Traffic will be disrupted around the Pharos junction on Kifissias Ave...

Block blast : A homemade explosive device, planted at the entrance to an apartment block...


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March presidential election...
EDITORIAL

Last chance In the face of a relatively high growth rate - which was mainly a result of the big infrastructure projects - financial analysts have been at pains to emphasize that the economy is actually in poor shape and will remain so as long as investments are stuck at the currently low levels. The size of investment is not only a defining factor in the creation of new jobs. It is also a prime competitiveness enhancer.

COMMENTARY

The price of early elections One wonders why Greek politicians, so frequently seen gossiping about potential presidential candidates and analyzing the fallout of an early election in March, are so tight-lipped about an issue that ought to be at the heart of the ongoing debate: Namely, that holding national elections in spring next year after a parliamentary deadlock on the new president would absolve the now-departed Socialist politicians of any wrongdoing during PASOK's latest tenure. About 10 cases have gone to court or come before Parliament...

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