July 6 (Reuters) – Here are news stories, press reports and events which may affect Greek financial markets on Tuesday:
GREEK FINMIN CONFIDENT ON DEFICIT TARGETS, RISKS REMAIN
Greece is confident it will meet its target to cut the budget deficit by 40 percent to 8.1 percent of economic output this year but risks remain on revenue growth targets, its Finance Minister said on Monday. [ID:nLDE6640W0]
GREECE’S CASH DEFICIT DOWN 41.8 PCT Y/Y IN H1-CENBANK
Greece’s cash deficit shrank 41.8 percent year-on-year in the first half of 2010, meaning a lower net borrowing need, the country’s central bank said on Monday. [ID:nATH005560]
GREECE NOW SECOND-RISKIEST WORLD SOVEREIGN-CMA
A deterioration of Greece’s debt in the second quarter of this year helped it become the world’s second-riskiest sovereign in a survey by credit default monitor CMA DataVision published on Monday. [ID:nLDE6611R7]
TERNA ENERGY APPLIES FOR FIVE PROJECT LICENCES
Terna Energy (TENr.AT) applied to energy regulator RAE for licences to costruct five hydroelectric projects with a total capacity of 637 MW, financial daily To Vima reported, citing company officials.
www.tovima.gr
FRENCH RETAILER FNAC TO EXIT GREECE, SELL TWO UNITS TO RIVAL
French electronics and books retailer Fnac (PRTP.PA) is leaving the Greek market as a result of rising losses, financial daily Imerisia reported. Domestic rival Public will buy out two of the three Fnac shops in Athens, the paper added citing unnamed sources.
www.imerisia.gr
EUROPE FACTORS-SHARES SET TO INCH HIGHER; LACK U.S. LEAD
European shares are expected to open slightly higher on Tuesday, bouncing back from a six-week closing low and mirroring gains in Asia, with the lack of a lead from Wall Street, closed on Monday for the Independence Day holiday, keeping investors sidelined. [ID:nLDE66002O]
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