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GREECE - Factors to Watch on November 13

Source: Reuters - Fri 13th Nov 2009

Here are news stories, press reports and events which may affect Greek financial markets on Friday:

ECB'S PROVOPOULOS-ECONOMIC RECOVERY STILL FRAGILE

Global economic recovery is still fragile and should not be taken for granted, European Central Bank Governing Council member George Provopoulos said on Thursday, warning against a premature withdrawal of stimulus measures.

GREEK Q3 GDP GROWTH SEEN AT -1.4% Y/Y

Greece's economy likely contracted 1.4 percent year-on-yearin the third quarter after a 0.3 percent slump in the second quarter, according to the median forecast of five economists surveyed by Reuters.

ATE BANK'S 9-MONTH PROFIT FALLS 1.6 PCT 

ATE bank, Greece's sixth-largest lender, said on Thursday its nine-month net profit fell 1.6 percent to 82.4 million euros due to higher provisions and losses from its Hellenic Sugar unit.

AGRICOLE'S EMPORIKI PLANS 1 BLN EURO CAPITAL BOOST

Greece's loss-making Emporiki Bank, controlled by France's Credit Agricole, said on Thursday it planned to boost its share capital by up to 1 billion euros.

EUROMEDICA SEES EBITDA GAIN;MULLS FUNDRAISING

Greek medical group Euromedica expects core profit to rise up to 20 percent annually to 2012, a company executive told Reuters on Thursday, as cost cuts and favourable unit locations help it out perform in the downturn.

ATTICA BANK, RESTIS VIE FOR ASPIS BANK 

Attica Bank and Restis Group vie to take control of Aspis Bank, financial daily Imerisia reported.Aspis Bank's major shareholder is expected to reach a final decision on contenders' bids as soon as today, the paper added.

www.imerisia.gr

GREEK UNEMPLOYMENT DROPS TO 9.0 PCT IN AUGUST

Greece's unemployment rate fell in August from its highest level in more than three years in the previous month as tourism activity accelerated, the country's statistics service (NSS)said on Thursday.

EUROPEAN SHARES SEEN OPENING DOWN TRACKING WALL ST

European shares were set to open lower on Friday following asell-off on Wall Street overnight and weakness in Asian markets as investors digested German and French GDP figures.

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