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Fri Apr 26 19:39:07 EDT 2013


finalised.

On Wednesday September 4 the prime minister is expected to meet in
Athens with representatives of agencies of Thessaloniki and Northern
Greece who will brief him on issues of interest to them in light of his
visit for the TIF's inauguration.

[13] Environment minister briefs President Papoulias on developments in
energy policy

Greece is now an important and steadfast factor of energy, security
and stability for the wider region and the European Union, Environment
Minister Yiannis Maniatis told President Karolos Papoulias during a
briefing at the presidential mansion on Wednesday on developments in
the country's energy policy.

"We are proceeding with great speed in the implementation of all
the targets of our national energy policy and indeed I must tell you
that the surveys for hydrocarbons, an issue for which you have special
sensitivity, are forging ahead even faster than we had planned," the
minister told President Papoulias, adding that developments in the
other two major issues are also positive: the country's linking with
international natural gas transportation pipelines and the linking with
international cables for conveying electric power.

[14] PASOK party Political Council meets on Thursday

PASOK party president Evangelos Venizelos will chair a meeting of the
party's Political Council, on Thursday at 2:00 p.m.

According to sources, the meeting will focus on current
political developments, as well as issues pertaining to a two-day
scientific-political on the party's foundation anniversary, and Venizelos'
visit to September's Thessaloniki International Trade Fair.

[15] Justice Minister takes action after MP inquiry quoting UN report
on missing children

Justice, Transparency and Human Rights Minister Charalambos Athanasiou
has requested infromation from judicial authorities on the disappearance
of 502 Albanian Roma children from the state institute Aghia Varvara
between 1998 and 2002, according to a document he submitted to Parliament
on Wednesday.

The minister's letter responds to a question by Democratic Left (DIMAR)
deputy Maria Yiannakaki, who based it on a report of the United Nations
Committee against Torture issued June 1, 2012. In the 2012 report, the UN
Committee expressed concern that the case, originally reported in 2004,
had not been investigated by Greek authorities.

The UN report had said the case should be investigated with the help
of Albanian authorities and related orgnaisations before a time delay
creates problems in verifying information, and recommended that Greece
adopt a comprehensive policy to fight violations of the rights of homeless
children and prevent such events in the future.

Athanasiou told the deputy, in writing, that he is inquiring whether any
criminal proceedings have been filed and if so, what stage they are in. He
also told her that he will update her shortly on further actions to be
taken after he has consulted with the ministers of Foreign Affairs and
Labour, Social Insurance & Welfare. He also mentioned existing actions and
programmes overseen by the ministry, one of which is coordinated by the
"Chamogelo tou Pediou" (Child's Smile) nonprofit for homeless children and
in collaboration with other countries like Romania, Bulgaria and Slovenia.

[16] Parliament ratifies new president, CEO of Hellenic Aerospace Industry
(EAB)

The new president and chief executive officer of the Hellenic Aerospace
Industry (EAB) were ratified by the public utilities commitee in
Parliament on Wednesday, with 8 votes for, 5 against, a "present" and
a blank vote.

The names of Panagiotis Manousos as president and Dimitris Papakostas
as CEO were submitted by Alternate Finance Minister Christos Staikouras.

Speaking after his election, Papakostas said the priority was to ensure
EAB continued to operate and expanded to become "a centre of excellence in
Southeastern Europe." His vision for the company was to "tranform EAB into
a company that can produce its own aircraft," while noting that if it can
sign contracts worth 50-60 million euros, it will return to profitability.

[17] Education ministry announces names of teachers to be transferred

The Ministry of Education on Wednesday released the list of the names of
teachers who are being transferred from secondary education to primary
education and administrative positions.

The specialties of teachers being transferred include coaches, IT,
French literature, theatre studies, music and fine arts.

The list of teachers' names is posted on the website: www.minedu.gov.gr?

[18] Parliament approves joint development company for church property

An amendment was passed in Parliament on Wednesday establishing the
"Company for Developing the Real Estate Assets of the Church SA", which
will be owned equally by the Greek state and the Greek Orthodox Church.

During discussion in Parliament, main opposition Radical Left Coalition
(SYRIZA) and the Communist Party of Greece (KKE) raised the issue of
separating church and state.

SYRIZA deputy Nikos Voutsis told Parliament his party would not oppose
the amendment. The party, as reported by its rapporteur Dimitris Gakis,
did not vote down the amendment but voted "present", abstaining from a
yes or no vote.

As Voutsis said, "We do not oppose this bill, this effort, but we retain
a lot of reservations for it" which he said were based on the details
contained in the proposal.

KKE voted against the amendment.

[19] KKE leader meets with IKA employees union

Communist Party of Greece leader Dimitris Koutsoumbas met on on Wednesday
with the board of the Social Security Fund (IKA) employees union.

Koutsoumbas observed that "the problems employees at IKA and other
insurance funds and public entities are facing are connected to the
antipopular measures and plans by the government to privatisate several
of IKA's services, other insurance funds, the unemployment organisation
(OAED) and new antipopular plans relating to the country's social security
system overall", affecting labour rights, pensions and age limits.

KKE reiterates its support of workers' struggle against such developments
and for the reversal of the antipopular policy, he added.

[20] FM to meet Serbian envoy on Thursday

Government vice president and Foreign Minister Evangelos Venizelos will
be meeting Serbian Ambassador to Greece Dragan Zupanevic on Thursday,
it was announced on Wednesday.

[21] Two Turkish helicopters intercepted

Two Turkish helicopters entered the Athens FIR on Wednesday, in the region
of the northern and central Aegean and carried out two infringements
and two violations, according to an announcement by the Greek National
Defence General Staff.

"All the aircraft were intercepted and identified in accordance with
international regulations as usual," the announcement added.

Financial News

[22] Bank credit to private sector at -4% in July

The annual growth rate of total credit extended to the domestic private
sector remained negative at -4.0% in July 2013, from -4.1% in the previous
month, the Bank of Greece said on Wednesday. The central bank in a report
said that the net flow of total credit to the domestic private sector
was negative, amounting to 855 million euros (July 2012: negative net
flow of 1.434 billion).

The net flow of credit to enterprises, in July 2013, was negative,
amounting to 482 million euros (July 2012: negative net flow of 942
million), and the annual growth rate of credit stood at -4.6%, compared
with -4.9% in the previous month. In particular, the annual growth rate
of credit to non-financial corporations stood at -3.9%, from -4.2%
in the previous month, while the net flow of credit to non-financial
corporations was negative and equal to 449 million euros (July 2012:
negative net flow of 822 million). The annual growth rate of credit to
insurance corporations and other financial intermediaries stood at -14.5%
in July 2013, from -15.4% in June 2013.

The net flow of credit to sole proprietors and unincorporated partnerships
was positive, amounting to 39 million euros (July 2012: negative net flow
of 33 million) and its annual rate of change stood at -1.2%, from -1.6%
in June 2013.

In July 2013, the net flow of credit to individuals and private nonprofit
institutions was negative, amounting to 412 million euros (July 2012:
negative net flow of 459 million), and its annual growth rate stood at
-3.7%, compared with -3.6% in June 2013.

[23] Piraeus Bank reports H1 results

Piraeus Bank on Wednesday said the group's net result earmarked for
its shareholders totaled 3.5 billion euros in the first half of 2013,
integrating the benefit from a negative value of takeovers worth 3.8
billion euros.

The bank said Group assets totaled 95 billion euros at the end of June,
pre-provision and adjustment loans were 75.7 billion euros, with corporate
loans accounting for 65 pct, mortgage loans 24 pct and consumer loans
11 pct. Deposits totaled 54.7 billion euros, with saving and option
deposits accounting for 38 pct of total. The loan/deposit index was 116
pct, while the loans in delay index was 33 pct in June. The accumulated
provision/loans index was 16.3 pct.

Equity capital totaled 9.5 billion euros, while the group's capital
adequacy rate was 14 pct.

Piraeus Bank said its branch network totaled 1,718 units, with 1,280
units in Greece and 438 in nine countries abroad. Its workforce totaled
24,743, of which 18,591 in Greece.

Mihalis Sallas, the group's chairman, commenting on the results said:
"Following completion of a recapitalization and restructuring programme,
the Greek banking system is turning page. Restoring the capital base of
the four systemic banks allows us to be optimistic they will achieve
in efforts to safeguard funds necessary for the Greek economy with
competitive terms".

The Greek banker said that Piraeus Bank was "focusing its efforts towards
completing the integration of the expanded group by the end of the year
and to introducing new solutions aimed at safeguarding capital base,
supporting Greek enterprises and offering relief to Greek households".

[24] Piraeus Port says profits sharply up in H1

Piraeus Port on Wednesday said its pre-tax profits soared 92.54 pct to
3.73 million euros in the first half of 2013, from 1.94 million euros
in the corresponding period last year.

After tax earnings jumped 208.64 pct to 3.45 million euros in the first
six months of the year, form 1.12 million euros in 2012.

The listed company said it expected the third quarter of the year to be
even more positive boosted by an increase in sea cruise activity. Turnover
eased 2.14 pct in the January-June period, while expenses fell by 5.05
pct over the same period. Cash reverses totaled 21.3 million euros,
up from 8.6 million in 2012, while the company's net position was 161.9
million euros, up from 155.9 million euros in 2012.

Piraeus Port said transit sea cruise activity was up 11.6 pct in the
first half.

[25] Forthnet says revenues down, subscribers base up in H1

Forthnet on Wednesday said its consolidated revenue totaled 191.1
million euros in the first half of 2013, down from 206.7 million euros
in the corresponding period last year, reflecting lower prices in the
retail market.

Adjusted EBITDA totaled 34.2 million euros in the January-June period,
from 43.6 million euros in 2012, while bank borrowing fell by 10 milion
euros over the same period.

Forthnet said its customer base surpassed 204,000 Greek households, a
figure up by 46.5 pct compared with the first half of 2012, reflecting
the launch of new services and innovative marketing sales.

Subscribers' base in telecommunications grew 15.4 pct in the first six
months of 2013 to more than 597,000 subscribers, while its subscribers'
base in television services surpassed 373,000, up 12.8 pct from last year.

[26] Sidenor reports higher losses in H1

Sidenor Group on Wednesday reported higher losses in the first half of
2013, with after tax and minorities losses totaling 43.2 million euros,
or 0.4488 euros per share, from losses of 34.5 million euros, or 0.3585
euros per share in the corresponding period last year.

The group attributed this development to higher tax burden. Turnover
fell 29.5 pct to 405.1 million euros in the January-June period, from
574.8 million euros in 2012, while EBITDA was 1.0 million euros in the
first half of the year, from 14.7 million euros last year, hit by higher
energy costs.

[27] Deposits in Greek banks down in July

Deposits in Greek banks fell in July, for the second consecutive month,
the Bank of Greece said on Wednesday.

The central bank, in a report, said that deposits by enterprises and
households fell by 288 million euros in July to 162.386 billion euros
compared with June.

Bank deposits began recovering in December 2012, with around 8.2 billion
euros in new deposits recorded in the period from December 2012 to
March 2013. However, this trend began changing in April, resulting to
a decline in the last two months. Deposits in Greek banks fell to a low
150.5 billion euros in June 2012.

[28] Private deposits in Greek banks stable in July, ECB says

Private deposits in Greek banks remained stable in July, the European
Central Bank said on Wednesday. In a report, Eurozone's central bank said
that deposits in Cypriot banks fell by 2.4 pct in July, after falling
by 7.6 pct in June. Deposits by housholds and enterprises in Cypriot
banks totaled 36.7 billion euros, after reaching an all-time high of
50.5 billion euros in

May 2012. Bank deposits fell in Spain (2.3 pct) and Italy (1.0 pct)
in July, while they remained stable in Portugal

[29] Deadline looms ahead for 500,000 tax non-filers

No further extension will be granted to nearly 500,000 individuals that
have not yet filed their tax statements, Public Revenues Secretary General
Haris Theoharis told representatives of tax preparation and accounting
offices (POFEE) at a meeting at the Finance Ministry on Wednesday.

The final deadline is 8:00 a.m. on Monday, September 2.

[30] Greek stocks end flat on Wednesday

Greek stocks ended flat in the Athens Stock Exchange on Wednesday as the
market tried to find technical support ground following Tuesday's sharp
sell-off on worries over developments in Syria. The composite index of
the market eased 0.04 pct to end at 881.03 points, after rising as much
as 0.88 pct and falling by 1.38 pct during the session. Turnover was a
low 28.69 million euros.

The Large Cap index eased 0.10 pct and the Mid Cap index rose 0.38
pct. Alpha Bank (3.39 pct), Piraeus Bank (3.13 pct), PPC (2.44 pct),
Athens Water (1.38 pct) and Piraeus Port (1.09 pct) were top gainers among
blue chip stocks, while Hellenic Petroleum (3.34 pct), Jumbo (3.14 pct),
Frigoglass (2.30 pct) and Motor Oil (2.22 pct) were top losers.

Utilities (1.97 pct), Banks (1.80 pct) scored the biggest percentage
gains of the day among the market's sectors, while Oil (2.85 pct),
Personal Products (2.51 pct) and Health (2.11 pct) suffered losses.

Broadly, decliners led advancers by 70 to 54 with another 22 issues
unchanged. Elgeka (29.51 pct), Fieratex (29.46 pct) and Progressive
(21.43 pct) were top gainers, while Parnassos (29.01 pct), AAA (20.0 pct)
and Sidma (20 pct) were top losers.

Sector indices ended as follows:

Industrials: -0.51%

Commercial: -0.74%

Construction: -0.95%

Oil & Gas: -2.85%

Personal & Household: -2.51%

Raw Materials: +0.59%

Travel & Leisure: +0.11%

Technology: +0.30%

Telecoms: +0.61%

Banks: +1.80%

Food & Beverages: -0.76%

Health: -2.11%

Utilities: +1.97%

Financial Services: +0.39%

The stocks with the highest turnover were Piraeus Bank, National Bank,
Alpha Bank, PPC and OTE.

Selected shares from the FTSE/ASE-20 index closed in euros as follows:

Alpha Bank: 0.488

Public Power Corp (PPC): 7.15

Coca Cola HBC: 20.05

Hellenic Petroleum: 6.95

National Bank of Greece: 2.85

Eurobank Properties : 6.90

OPAP: 7.20

OTE: 6.65

Piraeus Bank: 1.02

Titan: 14.43

[31] Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds fell
to 8.44 pct in the domestic electronic secondary bond market on Wednesday,
from 8.55 pct the previous day, with the Greek bond yielding 10.31 pct and
the German Bund yielding 1.87 pct. There was no turnover in the market.

In interbank markets, interest rates were largely unchanged. The 12-month
rate was 0.55 pct, the nine-month rate was 0.45 pct, the six-month rate
was 0.34 pct, the three-month rate was 0.226 pct and the one-month rate
was 0.127 pct.

[32] ADEX closing report

The September contract on the FTSE/ASE Large Cap index was trading at
a premium of 0.81 pct in the Athens Derivatives Exchange on Wednesday,
with turnover remaining a low 7.198 million euros. Volume on the Big
Cap index totaled 2,817 contracts worth 4.251 million euros, with 46,527
open positions in the market.

Volume in futures contracts on equities totaled 11,608 contracts worth
2.947 million euros, with investment interest focusing on Alpha Bank's
contracts (2,517), followed by National Bank (1,964), Piraeus Bank
(2,141), Eurobank (1,201), MIG (278), OTE 706), PPC (1,116), Mytilineos
(194), Ellaktor (115), Intralot (124), Sidenor (112), GEK (364), Metka
(101), Viohalco (106) and OPAP (108).

[33] Foreign Exchange rates - Thursday

Reference buying rates per euro released by the European Central Bank:

U.S. dollar 1.354

Pound sterling  0.876

Danish kroner  7.571

Swedish kroner  8.817

Japanese yen  132.05

Swiss franc  1.247

Norwegian kroner   8.179

Canadian dollar  1.421

Australian dollar  1.52

General News

[34] Designer Michalis Aslanis found dead in his apartment

Well-known Greek fashion designer Michalis Aslanis was found dead in
his apartment in the central Athens district of Kolonaki on Wednesday.

The cause of death is unknown, according to police, who where notified
by a phone call.

Aslanis was born in Athens and studied with well-known Greek designers
and painters. He began his career in fashion in 1974, quickly becoming
one of the top designers in Greece and creating his signature feature of
ethnic themes incorporated in haute couture clothes. His clothes were
shown extensively overseas in solo or group events in Paris, Monaco,
Moscow, Frankfurt, Rome, Milan, Bari, Istanbul, Cyprus and Canada.

Aslanis is also responsible for designing the uniforms of employees at the
Attiko Metro and the Athens International Airport, and collaborated with
overseas importers on a specialised line of accessories and household
items.

[35] Woman kills daughter and hangs herself on Corfu

A tragic family incident shocked the island of Corfu on Wednesday,
after a 50-year-old German woman who lived permanently with her family
in the village of Antipernoi, decided to take the life of her 7-year-old
daughter and then her own.

According to reports, the woman hanged herself after drowning her daughter
in the bathtub of their home.

The bodies of the two were found by the husband and father of the family,
48. when he got home.

The exact circumstances of death are being investigated by the Corfu
Police Department.

[36] Wildfire raging in villages near Livadia; old people's home evacuated

A wildfire is still raging near Livadia, Viotia in spite of weaker
winds late Wednesday evening, and is reported to have burned through
the yards of the first homes in the area of Chaironeia. According to
Chaironia mayor Nikos Papangelis, the fire has already burned down some
stockyards and four residences.

Dozens of people are reported to have been taken to Livadia hospital
with respiratory problems, while officials ordered the evacuation of
an old people's home run by the diocese, located in Pera Chorio on the
outskirts of the town of Livadia, after the building was surrounded by
flames. "Everybody was transferred in safety," hospital president Kostas
Gizimis said.

Police forces watching the situation in the villages of Tsoukalades and
Pera Chorio are reported to be considering ordering their evacuation. Some
of the villagers, however, have already left their homes.

The fire front is estimated to exceed 6 km and is literally burning on
the outskirts of Livadia town. Dozens of fire-engines and other useful
equipment have arrived in the area from neighbouring municipalities,
assisted by volunteer groups in the strenuous effort to control the blaze.

Weather forecast

[37] Fair on Thursday

Fair weather and northerly winds are forecast in most parts of the country
on Thursday. Winds 3-7 beaufort. Temperatures between 19C and 37C. Fair
in Athens with northerly 3-5 beaufort winds and temperatures between
23C and 36C. Same in Thessaloniki with temperatures between 20C and 33C.

[38] The Wednesday edition of Athens' dailies at a glance

AVGHI: Winds of war in the Middle East.

EFIMERIDA TON SYNTAKTON: Germany wants everything.

ELEFTHEROTYPIA: Public sector to privates.

ELEFTHEROS TYPOS: State illegal buildings and semi-enclosed areas in
special tax statements (E9).

ESTIA: PASOK's taxes, New Democracy (ND) the collects them!.

ETHNOS: Express trials for 6,000 contract holders in public sector.

IMERISSIA: Nervous breakdown in markets.

KATHIMERINI: USA tightens the net on Syria

NAFTEMPORIKI: War scenarios for Syria terrify the investors.

RIZOSPASTIS: Condemn any Greek involvement in the war plans against Syria.

TA NEA: Thousands of tax payers lose the tax return.

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