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Fri Apr 26 19:39:07 EDT 2013


a 38.27 pct were unemployed for more than 12 months.

The number of unemployed people receiving unemployment benefits totalled
138,350 in September, down from 145,865 in August, of which 135,791
(98.15 pct) were regular unemployed and 2,559 (1.85 pct) were seasonal
workers in the tourism sector.

[27] Greek economic recession slowed to 3.0 pct in Q3

The Greek economy recorded a significant slowdown in its recession in
the third quarter of 2013, helped by a significant increase in tourism,
with the country' s Gross Domestic Product shrinking by 3.0 pct, after
shrinking by 6.7 pct in the corresponding period last year, Hellenic
Statistical Authority said on Thursday.

The statistics service, in a report, said the rate of economic recession
slowed steadily so far this year, from 5.5 pct in the first quarter to 3.7
pct in the second and 3.0 pct in the third quarter, with the country's GDP
shrinking by 4.07 pct in the nine-month period from January to September,
down from 6.6 pct in the corresponding period last year.

Finance ministry officials, commenting on the data, said that the slowdown
was expected to continue falling in the fourth quarter of 2013 to around
-4.0 pct on average this year, while they did not exclude the recession
falling more to -3.6-3.8 pct this year. The officials expect the economy
to return to positive growth rates (0.6 pct) next year.

In Brussels, Eurostat said that the Greek economy shrank by 3.8 pct in
the second quarter of 2013, compared with the same period last year. In
the Eurozone, the GDP shrank by 0.4 pct in the third quarter, while in
the EU-28 the economy grew by 0.1 pct, compared with the same period in
2012. On a quarterly basis, the GDP grew 0.1 pct in the Eurozone and by
0.2 pct in the EU in the third quarter.

[28] Greek import price index down 3.5 pct in Sept

Greece's import price index in the industrial sector fell 3.5 pct in
September, compared with the same period last year, after a 4.9 pct
increase recorded in September 2012, the Hellenic Statistical Authority
said on Thursday.

The statistics service, in a report, attributed this development in the
so-called imported inflation to a 0.5 pct decline in the import price
index from Eurozone states and a 6.4 pct decline in the import price
index from countries outside Eurozone.

The index was up 0.2 pct in September from August, after a 0.8 pct
recorded in the same period last year.

[29] Most regional deputy governors decide in favour of retail stores
opening on Sundays

The overwhelming majority of deputy regional governors nationwide decided
in favour of giving small retail stores (under 250 square meters) the
option of opening on Sundays all year round, it was announced on Thursday.

According to the ministry of development and competitiveness, 37 of the 57
decisions issued allow retail stores to optionally open on Sundays. Only
twenty deputy regional governors decided that retail stores can open only
on the seven Sundays each year when all shops are allowed to open by law.

Deputy Development & Competitiveness Minister Athanassios Skordas stated
that a satisfactory number of deputy regional governors decided in favour
of the measure, resisting pressures to the contrary, and added that in
time the measure will have more supporters.

[30] Construction consortium bids successfully in tender for Athens mosque

The transport, infrastructure and networks ministry on Thursday accepted a
bid submitted in a repeat tender for the building of a mosque in Athens'
Votanikos district, by a consortium made up of the construction firms
J&P-Avax, Terna S.A., Aktor and Intrakat.

The project has a total budget of 946,000 euros, with the contractor
offering a 7 percent discount, and is expected to be completed within
six months of the contract being signed.

Ministry staff estimate that work on the mosque will begin in about two
months, after the independent authority on contracts and the Court of
Audit examine the proposed contract agreement. They do not rule out the
possibility of a delay, however, as a result of legal action initiated
by Votanikos residents, who have appealed to the Council of State for
the cancellation of the project. The case is to be heard by the court
at the end of January.

The planned mosque is to be built on a 1.7-hectare property in the
Votanikos area, on the site of an old Navy car maintenance and repair
workshop. The building will cover an area of 600 square metres, having
two areas of prayer but no minaret. It will be surrounding by gardens
and supporting buildings, such as offices and toilets. The terms of land
use do not allow construction of residences in the area.

[31] OTE announces voluntary retirement program

Hellenic Telecommunications Organization on Thursday announced a voluntary
retirement program covering around 1,000 workers with a total cost of
190 million euros.

The program will cover workers who are near their retirement age and
special categories of workers (lawyers, etc), while it will not burden
pension funds.

The program will cover 70-95 pct of net salaries until the worker becomes
eligible for full pension payment, all legal compensations up to 25,291
euros plus salaries of nine months, additional sum up to 11,000 and a
group private insurance program to all workers who will participate in
the program.

[32] Greek stocks end 1.02 pct higher

Greek stocks ended higher in the Athens Stock Exchange on Thursday,
pushing the composite index of the market back above the 1,150
points. Bank shares were at the focus of buying activity. The composite
index rose 1.02 pct to end at 1,143.62 points, after rising as much as
2.33 pct during the day. Turnover was a moderate 82.10 million euros.

The Large Cap index rose 0.93 pct and the Mid Cap index ended 0.68 pct
higher. Piraeus Bank (5.38 pct), MIG (3.45 pct), Ellaktor (3.17 pct)
and National Bank (3.13 pct) were top gainers among blue chip stocks,
while Viohalco (2.67 pct), OTE (1.95 pct), Intralot (1.02 pct) and
Eurobank Properties (0.82 pct) were top losers.

The Construction (2.96 pct), Banks (2.78 pct) and Technology (2.73 pct)
sectors scored the biggest percentage gains of the day, while Telecoms
(1.95 pct), Commerce (0.43 pct) and Travel (0.08 pct) suffered losses.

Broadly, advancers led decliners by 84 to 56 with another 26 issues
unchanged. G.E.Demetriou (23.68 pct), AXON Holdings (20 pct) and PC
Systems (20 pct) were top gainers, while Pegasus (20 pct), Spider (12.24
pct) and Vioter (11.52 pct) were top losers.

Sector indices ended as follows:

Industrials: +0.22%

Commercial: -0.43%

Construction: +2.96%

Oil & Gas: +1.63%

Personal & Household: +0.61%

Raw Materials: +0.13%

Travel & Leisure: -0.08%

Technology: +2.73%

Telecoms: -1.95%

Banks: +2.78%

Food & Beverages: +0.58%

Health: +0.37%

Utilities: +1.19%

Financial Services: +0.78%

The stocks with the highest turnover were Piraeus Bank, OPAP, OTE,
Viohalco and National Bank.

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

Alpha Bank: 0.647

Public Power Corp (PPC): 9.78

Coca Cola HBC: 21.08

Hellenic Petroleum: 9.00

National Bank of Greece: 4.28

Eurobank Properties : 8.50

OPAP: 9.16

OTE: 8.53

Piraeus Bank: 1.37

Titan: 19.69

[33] Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds
continued moving higher to 6.82 pct in the domestic electronic secondary
bond market on Thursday from 6.79 pct the previous day, with the Greek
bond yielding 8.52 pct and the German Bund 1.70 pct. Turnover was a thin
2.0 million euros.

In interbank markets, interest rates continued moving lower. The 12-month
rate was 0.50 pct, the nine-month rate was 0.41 pct, the six-month rate
was 0.32 pct, the three-month rate was 0.21 pct and the one-month rate
was 0.12 pct.

[34] ADEX closing report

The November contract on the FTSE/ASE Large Cap index was trading
around its fair value in the Athens Derivatives Exchange on Thursday,
with turnover remaining a strong 84.419 million euros. Volume on the
Big Cap index totaled 41,774 contracts worth 80.120 million euros,
with 53,393 open positions in the market.

Volume in futures contracts on equities totaled 11,743 contracts,
worth 4.299 million euros, with investment interest focusing on Piraeus
Bank's contracts (4,299), followed by National Bank (470), Alpha Bank
(765), Eurobank (356), MIG (361), OTE (561), PPC (579), Viohalco (483),
Mytilineos (443), GEK (2,187), Hellenic Petroleum (124), Titan (125),
Intralot (128) and Jumbo (84).

[35] Foreign Exchange rates - Friday

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

U.S. dollar 1.363

Pound sterling  0.849

Danish kroner  7.570

Swedish kroner  9.108

Japanese yen  136.27

Swiss franc  1.251

Norwegian kroner 8.456

Canadian dollar  1.431

Australian dollar  1.467

General News

[36] Health ministry on rabies issue

KEELPNO figures on epidemic data, according there have been 376 contacts
between human beings and animals with possible or confirmed exposure to
rabies, was forwarded in a document sent to Parliament on Thursday by
the health ministry. As revealed by Deputy Health Minister Zetta Makri,
stray dogs were involved in 63.4 percent of the total number of exposures
and cats in 7.5 percent.

The data shows, in other words, that strays account for 70.9 percent of
cases of exposure to the virus.

The information was forwarded to Parliament in response to a question
tabled by 39 deputies of main opposition Radical Left Coalition (SYRIZA)
on the management of stray animals and the handling of rabies cases
in Greece.

As Makri mentions in her document, circulars have been issued by the
ministry on the prevention of rabies in people, with updated instructions
regarding vigilance and preparedness for handling possible rabies cases
following exposure to an animal infected by the virus.

[37] Convicted child-molestor sentenced to 50 years imprisonment

A 53-year-old petrol station owner found guilty of raping five underage
boys in the northern Greek city of Edessa was handed down a sentence
of 50 years imprisonment by a Thessaloniki mixed jury appeals court on
Thursday. The court also imposed a fine of 400,000 euros.

The defendant admitted his actions to the court, claiming mental
illness. The case had originally been uncovered in 2007 and, according
to prosecuting authorities, the culprit had offered his victims money
and gifts to keep them quiet.

Weather forecast

[38] Rainy on Friday

Rainy weather and northerly winds are forecast in most parts of the
country on Friday. Winds 3-7 beaufort. Temperatures between 9C and
20C. Local showers in Athens with northerly 4-6 beaufort winds and
temperatures between 14C and 18C. Cloudy with possible local showers in
Thessaloniki with temperatures between 13C and 16C.

[39] The Thursday edition of Athens' dailies at a glance

AVGHI: Rumours over 'a new government' flying".

EFIMERIDA TON SYNTAKTON: Double surcharge in real estate.

ELEFTHEROTYPIA: The salary reduction story a fiasco.

ELEFTHEROS TYPOS: The reversals in the real estate taxation.

ESTIA: Prime Minister Antonis Samaras' commitment for the real estate
taxation.

ETHNOS: Who are entitled retirement pension at the age of 55.

IMERISSIA: Spectacular improvement.

KATHIMERINI: Workers requisitioning to open the Universities

LOGOS: Primary surplus a 'negotiation advantage'.

NAFTEMPORIKI: 'Hybrid' real estate tax to overcome the oppositions.

RIZOSPASTIS: Popular alliance the realistic way for the self-employed.

TA NEA: Mad scenarios for the real estate taxation.

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