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GREECE - Factors to Watch on Dec 31

Wed Dec 31, 2008 2:58am EST

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ATHENS, Dec 31 (Reuters) - Here are news stories, press reports and events which may affect Greek financial markets on Wednesday:

GREECE POSTPONES FUEL SURCHARGE ON PPC TARIFF FOR ONE YEAR

Greece's Development Ministry decided to postpone the implementation of fuel surcharge on Public Power Corp.'s (PPC) (DEHr.AT) tariffs for one year, financial daily Kathimerini reported. The decision will deprive PPC of revenues of about 70 million euros, the paper said.

www.kathimerini.gr

NBG BoD TO MEET JAN 7 TO CALL CAPITAL INCREASE EGM

National Bank (NBGr.AT) said its board of directors will meet on January 7 to call an extraordinary shareholders meeting over a 350 million euro share capital increase via the issue of preferred shares, financial daily Imerisia reported.

www.imerisia.gr

IBERDROLA RENOVABLES TO BUY FINAL 3.5 PCT OF ROKAS

Iberdrola Renovables (IBR.MC) has decided to acquire the 3.5 percent of its Greek unit C.Rokas ARCr.AT it does not already own, the Spanish company said on Tuesday. [ID:nLU106365]

GREEK NOV PPI INFLATION AT -0.6 PCT Y/Y

Greek producer price inflation fell sharply to -0.6 percent year-on-year in November from +4.8 percent in October, pushed lower by sinking oil prices, data from the country's statistics service (NSS) showed on Tuesday. [ID:nLU557438]

GREEK OCTOBER RETAIL SALES UP 0.4% Y/Y

Greece's retail sales by volume halted a three-month slide in October, rising 0.4 percent year-on-year, data by the the country's statistics service (NSS) showed on Tuesday.[ID:nLT502271]

GREEK NOV HOUSEHOLD CREDIT GROWTH SLOWS TO 14 PCT

The annual pace of credit expansion to Greek households slowed to 14 percent in November from 15.1 percent in the previous month, the country's central bank said on Tuesday. [ID:nLU395221]

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For other related news, double click on: ---------------------------------------------------------- EUR Money Guide <EUR/1> Greek Debt News [DBT-GR] Greek Equities Guide <GR/EQUITY> Greece's Debt <GR/DEBT> Greek Economic Indicators [ECI-GR] Government Debt <GR/GOVT> Greek Stock News [STX-GR] Greek Money News [M-GR] Greek Exchange Info <GR/EXCH1> ---------------------------------------------------------



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