ECONOMY

In Brief

Christodoulakis heads senior delegation on Turkey visit Economy Minister Nikos Christodoulakis is starting a two-day visit to Turkey in Ankara today, at the head of a delegation of senior officials and business leaders. The visitors, including bank representatives, will meet Turkey’s central bank governor, Surreya Serdengecti, and be treated to a working lunch by Finance Minister Kemal Dervis. Christodoulakis will then speak at Ankara’s Bilkent University on «Greece’s European Convergence.» Tomorrow, he is due to address Turkey’s Industrialists’ Association in Istanbul on «Economic Development in SE Europe.» The visit is the first by a Greek economy minister to Turkey in several years. China to designate Greece as official tourism destination China has decided to designate Greece as one of its official tourism destinations abroad, visiting Deputy Development Minister Yu Guangzhou, who is responsible for tourism, said after talks with Greek counterpart Dimitris Georgakopoulos in Athens yesterday. Greece-Lithuania Lithuanian President Valdas Adamkus will attend a forum organized by Thessaloniki’s Chamber of Commerce and Industry at the Makedonia Palace Hotel on May 17, where Greek and Lithuanian officials and businessmen are to discuss the potential for economic and trade cooperation. The visiting delegation includes the head of the country’s exports organization and 15 business leaders. Lithuania is reportedly interested in cooperation in information technology, telecoms, wines and beverages and in exporting dairy products, fertilizers and construction materials. Estimates of Lithuania’s growth rate last year range between 4.8 and 3.5 percent. Projections for 2002 are around 4 percent, with an inflation rate of 2.5 percent. Media village Real estate firm Lamda Development, of the Latsis group, last week signed a 129-million-euro deal to buy 95 percent of the Amarousion’s Municipal Company, which paves the way for the building of the Olympic media village in the northern Athens suburb, near the Olympic Stadium. According to the deal, Lamda, which was the highest bidder in the tender, will construct buildings totaling 15 hectares, to be divided equally between accommodation and commercial uses. The news came rather as a surprise to the market, as Dutch company MDC Corporation had been informally considered the most likely winner after conducting a series of studies for the project. Social security Labor Minister Dimitris Reppas today is due at the Athens Chamber of Commerce and Industry at noon for a briefing on the ongoing discussions on social security reform. Mobiles CosmOTE cellular operator yesterday inaugurated its eighth shop, in Iraklion, Crete, at 67-69 Dikaiosynis Street.