Athens News Agency: News in English, 03-07-09

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Athens court tosses out OTE telecom discount scheme

[02] Weather Forecast: Sunny start on Thursday

[03] Greek stocks ease on profit taking

[01] Athens court tosses out OTE telecom discount scheme

An Athens administrative court on Wednesday ruled against a discount rate package offered by Athens-quoted Hellenic Telecommunications (OTE) as unfair competition.

The heavily advertised package for retail and corporate customers offered discounts for calls abroad of up to 35 percent based on a customer's overall telephone traffic.

Later on Wednesday, OTE sent a revised package to the national telecoms and post office commission for approval, the company said in a statement.

The new proposal decouples the discount on international calls from the rest of the bill, the statement said.

[02] Weather Forecast: Sunny start on Thursday

Hot, sunny weather is forecast in all parts of the country until afternoon, when cloud scattered cloud will build up on the mainland. Showers and storms are expected in Epirus, Macedonia and Thrace. Winds north-northwesterly, light. In the north, temperatures will range from 17C to 32C; on the rest of the mainland from 19C to 35C; and in the islands from 22C to 31C. Temperatures in Athens will range between 22C and 34C; and in Thessaloniki from 21C to 31C.

[03] Greek stocks ease on profit taking

Greek stocks ended lower in the Athens Stock Exchange on Wednesday as investors continued taking profits particularly in blue chip stocks.

The general index ended 0.49 percent lower at 1,996,93 points with turnover a moderate 157.5 million euros.

The Cement, Investment and Holding suffered the heaviest percentage losses of the day (1.72 percent, 1.32 percent and 1.23 percent, respectively), while the Food-Beverage (2.09 percent), Textile (1.42 percent) and the Wholesale sector (1.25 percent) scored the biggest percentage gains.

The FTSE/ASE 20 index for blue chip and heavy traded stocks fell 1.0 percent, the FTSE/ASE MID 40 index rose 0.34 percent, the FTSE/ASE SmallCap 80 index jumped 1.57 percent and the wider FTSE/ASE 140 index eased 0.50 percent.

Broadly, advancers led decliners by 196 to 129 with another 42 issues unchanged.

The Greek Soccer Pool Organisation (OPAP) on Wednesday launched its initial public offering with a share price range of 8.50 to 9.70 euros. The Piraeus Port Organisation will launch its initial public offering July 22-25 by floating a 25 percent equity stake in the market.

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