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Athens News Agency: News in English, 07-06-28

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From: The Athens News Agency at <>


  • [01] Gov't unveils private placement for 10.7% of OTE
  • [02] Unemployment falls to 9.1% in Q1

  • [01] Gov't unveils private placement for 10.7% of OTE

    The Greek state announced on Thursday that it will sell a 10.7-percent equity stake in the Hellenic Telecommunications Organisation (OTE) telephony utility as part of an ongoing and high-profile government policy to further privatise the large state-run telecoms provider.

    An OTE statement noted that the Greek state will launch a private placement of 52,446,092 common shares, or 10.7 pct of the utility's equity capital, towards domestic and foreign investors through an accelerated book-building process.

    Caption: A view of OTE's main headquarters in the northern Athens district of Maroussi. ANA-MPA / P. SAITAS.

    [02] Unemployment falls to 9.1% in Q1

    The unemployment rate in Greece fell to 9.1 pct in the first quarter of 2007, down from 9.7 pct in the corresponding period last year and 10.4 pct during the same period in 2005, the National Statistical Service announced on Thursday.

    The statistical service said the unemployment rate for the first three months of the year was the lowest since 1998 and noted that unemployment remained high among women (13.9 pct), while unemployment among men was at a low 5.7 pct. Unemployment among young people (aged 15-29) was 18.2 pct in the January-March period.

    First-time unemployed totalled 32.3 percent of all unemployed people, while long-term unemployment (seeking a job for more than 12 months) accounted for 49 pct of the total number of jobless people.

    The southern Aegean (16.5 pct), the Ionian islands (13.9 pct) and west Macedonia (13.0 pct) recorded the highest unemployment rates, while Thessaly (7.2 pct), the Peloponnese (7.4 pct) and Attica (8.3 pct) recorded the lowest unemployment rates.

    The number of employed people 4,461,231 in the first quarter of 2007, with the primary sector accounting for 12 pct of total employment, the secondary sector 22 pct and the services sector for 66 pct.

    Caption: Workers are shown at the construction site of the new Acropolis Museum in central Athens, as the actual Acropolis Hill and the Parthenon Temple are visible in the background in this file photo dated Tuesday, March 21, 2006. ANA-MPA / O. PANAGIOTOU.

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