GREECE - Factors to Watch on October 21
ATHENS, Oct 21 (Reuters) - Here are news stories, press reports and events which may affect Greek financial markets on Wednesday:
GREEK FINMIN VOWS FISCAL CUTS TO MEET EU GOALS
Greece's new finance minister promised radical measures on Tuesday to cut the country's ballooning budget deficit and fix its statistical reporting, the object of harsh criticism by the European Union. [ID:nLK441423]
GREEK REGULATOR APPROVES BP-HELLENIC PETROL DEAL
Regulators approved the 359 million euro purchase of BP Plc's (BP.L) Greek ground fuel network by Hellenic Petroleum (HEPr.AT), with minor conditions attached. [ID:nLK497596]
FINMIN POSTPONES GAMING TAX LAW- AGENTS
Greece's finance ministry has suspended the implementation of a new tax on gaming winnings, financial daily Kathimerini reported, citing OPAP's (OPAr.AT) agents union. The new law was scheduled to go into effect Oct 21.
www.kathimerini.gr
GREEK TOURISM REVENUES DOWN 16 PCT IN 2009-SETE
Greek tourism revenues will fall by about 16 percent this year due the global economic dowturn, a tourism industry body said on Tuesday, forecasting that the sector would not recover before 2011. [ID:nLK356534]
THYSSENKRUPP SAYS GREEK SHIPYARD'S FUTURE UNDECIDED
ThyssenKrupp (TKAG.DE) is in talks with Greek authorities about the future of Hellenic Shipyards and the unit's 1,200 staff but has not reached a decision on whether to close it. [ID:nLK63504]
GREECE SELLS 1.5 BLN EUR 13-WEEK T-BILLS, YIELD 0.35%
Greece's Public Debt Management Agency (PDMA) said on Tuesday it sold 1.5 billion euros of 13-week T-bills. [ID:nATH004768]
PPC TO LAUNCH TENDER FOR CRETE PROJECT NEXT MONTH
Public Power Corp (PPC) (DEHr.AT) said its board of directors approved the final documents for the tender of the Atherinolakkos project in Crete, financial daily Imerisia reported. PPC's tender for the new 95-105MW unit will be launched next month, the paper added.
www.imerisia.gr
GREEK INDUSTRY GROUP URGES ACTION ON REFORMS
Greece's industrialists said on Tuesday it was high time the country took the necessary reforms to tackle chronic woes and see its economy emerge stronger from the crisis. [ID:nLK436644]
MIG ISSUES 165 MLN EURO BOND LOAN
Marfin Investment Group (MRFr.AT) announced it issued a seven-year bond loan of 165 million euros. [ID:nWGATHE8D]
EUROPEAN SHARES SEEN MIXED; MORE EARNINGS EYED
European equities were seen mixed on Wednesday, following a dip on Wall Street where weak housing data prompted investors to cash in recent hefty gains spurred by strong company earnings. [ID:nLL676610]
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