GREECE - Factors to Watch on June 25

ATHENS, June 25 (Reuters) - Here are news stories, press reports and events which may affect Greek financial markets on Thursday:

GREECE IN RECESSION IN 2009, BUDGET GAP AT 6 PCT-OECD

Greece's economy is seen contracting this year as exports weaken, with a slow recovery projected for next year as the global environment improves, the OECD said in its economic outlook on Wednesday. [ID:nLO280174]

GREECE'S MYTILINEOS TO BID FOR LARCO-CEO

Greek metals group Mytilineos Holdings (MYTr.AT), southeast Europe's biggest producer of aluminium, plans to bid for troubled state-controlled nickel producer Larco, its chief executive said on Wednesday. [ID:nLO220489]

GREECE'S OTE HOLDS ROADSIDE SHAREHOLDERS' MEETING

OTE (OTEr.AT), southeast Europe's biggest telecoms company, held its annual shareholder meeting on an Athens pavement on Wednesday, after workers blocked its gates to protest against Deutsche Telekom's (DTEGn.DE) growing stake in the firm. [ID:nLO393195]

PPC HOLDS ANNUAL SHAREHOLDERS MEETING

Public Power Corp. (DEHr.AT) holds its annual shareholders meeting later on Thursday.

GREECE TO AUCTION T-BILLS JULY 14, 21- PDMA

Greece's Public Debt Management Agency (PDMA) said on Wednesday it will auction 26- and 52-week T-bills on July 14 and 13-week T-bills on July 21. [ID:nLO105730]

GREECE TO DECIDE ON NEW FISCAL MEASURES

Greece's interministerial committee on economic policy meets on Thursday to decide on the first set of new measures aimed at cutting down the budget deficit, financial daily Kathimerini reported. The new set of measures will include tax increases on fuel and mobile phones, the paper said.

www.kathimerini.gr

J&P AVAX SEES BACKLOG RISING TO 3 BLN EUROS

J&P Avax (AVAr.AT) expects revenues of about 1 billion euros in 2009 while its backlog is seen rising to 3 billion euros after the signing of new projects in the coming months, the company's management told shareholders, financial daily Kerdos reported.

www.kerdos.gr

EUROPEAN SHARES SEEN OPENING LOWER AFTER FED

European stock index futures pointed to a softer start on Thursday after U.S. equity markets ended mixed, with the Federal Reserve reiterating concerns about the economic outlook, having left interest rates unchanged. [ID:nLP3935]

FOREIGN TOURIST SPENDING DOWN 11.6% IN JAN-APRIL

Spending by foreign tourists dropped 11.6 percent year-on-year in the first four months of 2009, according to data from the Bank of Greece, financial daily Imerisia reported. In the same period, tourist arrivals at Greek airports fell 6.8 percent year-on-year, the paper added, citing data from the Civil Aviation Authority.

www.imerisia.gr

GREEK FLIGHTS DISRUPTED FOR FOUR HOURS THURSDAY

Flights to and from Greece will be disrupted for four hours early on Thursday as air traffic controllers walk off the job, demanding improvements in air communication systems which they say pose safety risks. [ID:nLO900056]

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