Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1

[tommy271]

EU's Van Rompuy Meets Greek Opposition Chief, Urges Cooperation



BRUSSELS (Dow Jones)--European Council President Herman Van Rompuy met Greece's main opposition leader Antonis Samaras Wednesday and urged him to give "broad and constructive political support" to efforts to resolve Greece's fiscal and economic situation.
In a statement, Van Rompuy said he "underlined the need for Greece to continue with determination with its adjustment efforts."
Continued support from the European Union and the International Monetary Fund depends on an "ambitious" adjustment process which in turn required political unity, he said.
"Efforts to put Greece back on track to a sustainable and credible fiscal path and to economic recovery require all parties to provide broad and constructive political support. I have urged Mr Samaras to be cooperative in this respect," Van Rompuy said.
Samaras' center-right New Democracy Party has voted against recent austerity measures presented by the government, warning that they will drive the economy into a deeper recession.

 

[giub]

Come avete potuto osservare da un punto di vista operativo, oggi ci siamo in posizione nettamente negativa: lo spread è risalito a 1335 pb. dopo una decina di sedute in lievissimo, ma continuo, recupero.
La Borsa anch'essa ripiega pesantemente a 1258 punti con - 2,94%. I volumi rimangono bassi a 80 MLN.

non so voi...ma sento tirare una bruttissima aria.....
Mah, spero di sbagliarmi...

 

[tommy271]

Turnover In Tourism Sector Decreased By 20.6% In Q1 2011






The turnover index in Tourism Sector, during the 1st quarter 2011 as compared to the 1st quarter 2010, decreased by 20.6%, while the index for the corresponding period of 2010 as compared to 2009 increased by 2.9%, Hellenic Statistical Authority announced on Wednesday.

The turnover Index in Tourism Sector, during the 1st quarter 2011 as compared to the 4th quarter 2010, decreased by 23.1% against a decrease of 18.5% recorded when comparing the corresponding period of year 2010.

(capital.gr)

***
Avete già postato il brutto dato dell'indice industriale, che non mi aspettavo così negativo per il mese di aprile. Aggiungo questo, con ulteriore doglianza.
Bisognerà vedere, dati completi alla mano, quanto incide la pesante recessione interna rispetto all'export.

 

[tommy271]

non so voi...ma sento tirare una bruttissima aria.....
Mah, spero di sbagliarmi...

I dati macro resi noti oggi, non sono buoni.
Penso che Schaeuble, da buon amico della Grecia, con la sua lettera abbia voluto forzare la situazione.

 

[tommy271]

Foreign Investors’ Participation In May Reached 51.2%



Participation of foreign investors in total market capitalization in ASE reached 51.2% compared to 50.8% at the end of previous month, according to a ΑξIAnumbers monthly publication.

Transactions Value in May 2011 reached €1,876.93 million increased by 14% since April 2011 when transactions value was €1,639.3 million. Compared to May 2010 when transactions value was €3,200.2 million there was a decrease of 41%.

Average Daily Value (ADV) of Transactions in May 2011 was €85.3 million which is lower compared to April 2011 (€86.3 million) and also lower since May 2010 (€160,0 million).

In May 2011, international investors as a whole realized outflows which leveled at €89.7 mil. The outflows derived from institutional investors (€105.82 million), other legal companies (€7.37 million) and other foreign investors (€0.09 million) (while inflows were realized by international retail investors (€6.25 million) and international legal entities (€17.29 million).

Greek investors were net buyers by €79.43 million, with inflows which derived from Greek retail investors (€76.12 million), from Investment Companies (€1.29 million), from Insurance and Pension Funds (€0.49 million), from Banks and Investment Companies (€1.59 million), from Mutual Funds (€18.71 million), from Other Private Financial Companies (€0.25 million) and Greek Public Sector (€0.12 million), while outflows derived from Private non-Financial Companies the Greek Public Sector (€19.13 million).

The remaining €10.31 million of inflows from other investors, concern accounts with unregistered country of tax residence.

International investors in May 2011 did 50.5% of the transactions’ value (in April 2011 execute the same percentage of transactions value, while in May 2010 they had done 52% of the transactions’ value). Greek retail investors in May 2011 did 26.7% of the transactions’ value (in April 2011 they did 27.8% of the transactions’ value, while in May 2010 they had done 20.9% of the transactions’ value).

Greek Institutional Investors (private financial companies) in May 2011 did 20.9% of transactions’ value (in April 2011 they did 19.4% of the transactions’ value, while in May 2010 had done 16.6% of the transactions’ value)

(capital.gr)

***
Un pò di dati interessanti ...
Dall'estero oggi sono arrivati interessamenti, da più parti, verso le aziende da privatizzare.
Ora vi metto i post.

 

[tommy271]

ELSTAT: Unemployment Rate At 16.2% In March 2011



The Hellenic Statistical Authority (ELSTAT) announced on Wednesday that the Greek unemployment rate in March 2011 was 16.2% compared to 11.6% in March 2010 and 15.9% in February 2011.

According to the announcement, the number of employed amounted to 4,185,325 persons while the number of unemployed amounted to 811,340 and the number of inactive to 4,335,461.

The number of employed decreased by 238,574 persons compared with March 2010 (a 5.4% rate of decrease) and increased by 7,013 persons compared with February 2011 (a 0.2% rate of increase).

Unemployed increased by 232,617 persons (a 40.2% rate of increase) compared with March 2010 and by 24,111 persons compared with February 2011 (a 3.1% rate of increase).


(capital.gr)


***
Altro dato estremamente negativo. La recessione rimane ancora profonda.

 

[tommy271]

Azeri Gas Company Interested In DEPA



Vagif Aliyev, Investment Director at Azeri gas supplier Socar, has expressed the company’s interest in the privatization of Greek gas company DEPA. The director for the Azeri state-owned company said that it considers participating in the tender for the privatization of DEPA through the acquisition of Greek state’s stake.

Aliyev declined to reveal any more details on the sidelines of the Caspian Oil and Gas conference in Baku.

In April, DEPA signed an agreement with Socar on the direct gas supply, bypassing Turkish Botas. Sources note that the agreement was for amounts of €700 million cubic meters annually.

“We are preparing for the Greek tender”, Aliyev stated.

Gazprom and Socar plan to gain access in EU markets, particularly in the South Corridor, which is a priority project according to the European Commission.

Market sources note that the expression of interest require the acquisition of Hellenic Gas Transmission System Operator.

However, several market analysts doubt about whether this development would be approved by the European competition authorities, as Gazprom holds a 25% market share in European gas supply.

(capital.gr)

 

[tommy271]

Greece Rushed To Present Elliniko Project



Josep Acebillo presented on Wednesday his vision of the development of former Athens Airport in Elliniko, although he didn’t refer to neither the time schedule nor the budget of the project. Actually, the presentation included no clear master plan or investing program, it took place aiming on “transparency”, according to the Spanish architect.

Spyros Pollalis, president and managing director of Elliniko SA, the tender for the appointment of a contractor will take place within the year.

“The project must proceed quickly. Besides planning, we are interested in the business plan”, he said.

Josep Acebillo said that he accepted Greek government’s invitation to provide advice to Elliniko, because of his “love for this country“, and clarified that his is not Greek Prime Minister’s personal friend.

Regarding the company Barcelona Strategical Urban Systems, he stated that he is not its owner, but a director.

He called the Elliniko project a national issue, as the 6,100 acres area is “the most important lot in Greece”.

Acebillo has taken up the strategic planning of the project, while the preparation of the architectural design would be implemented by Greek architects.

A park itself doesn’t solve the problem of the area, he said. His proposal includes the creation of open spaces of 72% of overall area and a residential zone of 2 million square meters:

-One million square meters would be assigned for the development of 6,200-6,500 houses, which could accommodate about 15,000 residents.

-300,000 sq. m. of parking spaces and services.

-Office spaces of up to 20%.

He also recommends the development of a shopping centre, a conference centre, a campus, a greenhouse to absorb carbon dioxide and a media park. He ruled out the possibility of a casino and proposed the installation of photovoltaic systems on the roofs.

(capital.gr)

 

[tommy271]

Greek Betting Companies Participate In Lottery Conference



The largest betting companies are able to rekindle their relationship in a period of significant change at the European Lotteries conference in Helsinki, Finland.

Among others, the heads of OPAP, Intralot, Lottomatica, Scientific Games and Camelot participate in meetings in both forefront and background.

Capital.gr understands that Intralot announced officially the Universal Gaming Experience, a new concept to provide an infrastructure and services concept for lotteries that wish to expand their activities to dynamic interactive selling points (such as mobile phones, interactive TV, etc). Lottomatica also announced its agreement with the British company GeoSweep on developing of an interactive lottery, targeting companies that intend to enhance their online presence.

The promotion of Yannis Spanoudakis, OPAP President and CEO, as member of the board of European Lotteries is considered an important development. OPAP has been the epicentre of attention, after the Greek government announced its intention to sell its 34.4% stake in the betting company. OPAP reported revenues of €5.1b and profits of €575 in 2010, ranking among the five largest European lotteries.

Moreover, OPAP is in the process of enhancing its portfolio with new games (VLTs, Scratch Card and new online licenses) and particularly with the extension of license for the exclusive management of gambling games beyond 2020, possibly for another 10 or even 20 years. If the expansion in foreign market through acquisition or corresponding privatization doesn’t come to fruition, the company will maintain adequate liquidity and is classification as “cash cow”.

(capital.gr)

***
Un fiore all'occhiello da privatizzare ...

 

[tommy271]

Greece warns dissenters against rejecting austerity






Wed Jun 8, 2011 11:10am EDT

* Unemployment climbs to 16.2 pct, industry suffers
* Workers at firms earmarked for privatisation to strike
* Socialist MPs may think twice about rejecting plan
(Releads with government spokesman, adds strike plan, data)
By George Georgiopoulos and Renee Maltezou


ATHENS, June 8 (Reuters) - The Greek government warned dissenters in the ruling party on Wednesday against rejecting an austerity plan agreed under a new international bailout deal, after data showed the depth of the nation's economic crisis.
Prime Minister George Papandreou is meeting senior members of his socialist party (PASOK) to try to stem an outbreak of unrest over the social cost of the bailout before it turns into a full-scale parliamentary rebellion.
Tens of thousands are protesting regularly against waves of austerity demanded by the European Union and IMF, as well as corruption and state mismanagement, while workers at state firms earmarked for privatisation have called a strike for Thursday.
But government spokesman George Petalotis dismissed suggestions that Papandreou would take the "easy" way out of the crisis by calling early elections. These would be a likely consequence if any PASOK backbench rebellion led to parliament rejecting the government's medium-term economic plan.
"Everyone has a responsibility, today more than ever, for the future of this country," Petalotis told Real FM radio.
PASOK says it inherited the debt and budget crisis when it defeated the conservative New Democracy party in 2009, but has repeatedly stressed it aims to serve its full four-year term.
"For us it would have been very easy to say 'let's have elections, why carry this bomb we inherited to the end'?" he said. "Elections would have worse consequences for the country."
Opinion polls show PASOK's lead over New Democracy has vanished, suggesting that new elections could produce a stalemate during which the latest IMF/EU rescue could unravel.
Papandreou is meeting PASOK's political council, hoping to win their backing for the medium-term plan. This lays out years of austerity and faster privatisation, agreed with the EU and IMF to secure the second financial rescue in just a year.
Greeks are suffering. Unemployment climbed to 16.2 percent in March, the highest in the euro zone after Spain, data showed on Wednesday. Industrial production tumbled 11.0 percent year- on-year in April as Greece suffers its third year of recession, public spending cuts and higher taxes.




MORE BAD NEWS?


More bad news is likely on Thursday when economic output data for the first quarter is released. An earlier flash estimate showed GDP shrank 4.8 percent from the first three months of last year, on top of sharp drops in 2009 and 2010.
Sales of state assets to help reduce Greece's 340 billion euro government debt form a central part of the medium-term plan, but workers are putting up a fight.
Employees of state companies down for privatisation, such as power utility PPC (DEHr.AT), telecoms company OTE (OTEr.AT) and water companies EYDAP (EYDr.AT) and EYATH (TWSr.AT), will walk off the job for 24 hours on Thursday.
Greece's main private and public sector unions, GSEE and ADEDY, have called on workers and the elderly -- whose pensions have been cut -- to rally in central Athens in solidarity.
Until now dissent has been muted among the ruling Socialists. But Greeks have staged nightly protests for a fortnight in the capital's Syntagma Square to hurl abuse at the parliament building, with numbers hitting over 80,000 on Sunday.
Many PASOK backbench members of parliament appear to be taking fright. Finance Minister George Papaconstantinou suffered a roasting when he presented the medium-term plan to senior party members at a meeting that lasted about 12 hours.
Greece, which has a huge budget deficit but has been frozen out of debt markets for a year, seems to have no alternative but to depend on the EU and IMF and accept their demands.
One PASOK lawmaker, Paris Koukoulopoulos, recognised that the minister's report on achievements so far had been sincere. "But what's important is that we have emptied the banks of deposits and filled the city squares with people," he said.
Newspapers reported that Papandreou had ordered his finance minister to take the attacks on the chin and allow the backbenchers to vent their rage, in the hope that they will cool down eventually and vote for the plan in parliament.
The government wants parliament to decide on the plan before the end of this month. Many PASOK lawmakers would risk losing their seats if early elections were held, meaning that they may have second thoughts about voting against it.