ECONOMY

In Brief

Greek soccer matches available to punters probably next month Gaming company OPAP expects to include Greek soccer matches in its flagship betting game Stoichima early next month, its chief executive said yesterday. «We anticipate the introduction of Greek events early in April,» OPAP’s CEO Vassilis Neiadas told analysts in a conference call. The long-awaited move may boost Stoichima revenues, making the game more attractive to players. Stoichima, which makes up about 40 percent of OPAP’s sales, now offers bets only on foreign soccer matches. OPAP’s revenues from Stoichima fell last year as competition from online betting lured players. But Stoichima has done better since the group raised payouts to winners and allowed live and spread bets. Neiadas also said OPAP may launch its new betting game Bingo Lotto in October, in a bid to attract more players. «We have almost finalized the rules of the game and we are now adapting it to a TV show,» he said. (Reuters) Supermarkets dislike Sunday openings The Association of Supermarket Enterprises of Greece (SESME) reacted strongly against the Development Ministry’s proposal for shops to open on three Sundays every year, up from one now, claiming that Sunday hours will not increase turnover or jobs but raise operational costs and labor unrest, as the extension of one hour every evening and two hours on Saturdays has done, SESME said. However, September-November data by the National Statistics Service suggested that retail sales increased by 3.4 percent annually. Popular small-caps Greek, Portuguese and Austrian small-capitalization stocks have the most attractive valuations in Europe, a Citigroup report suggests. Analysts also choose them for the combination of valuations, profit revisions and positive surprises. Small-caps in Europe have risen by 10.8 percent since the start of the year, against a rise of 6 percent for blue chips, the report stresses. It attributes the small-caps’ attractiveness to their variety of options. Cypriot Grigoris Listed fast-food chain Grigoris is expanding to Cyprus. It signed a 20-year master franchise contract with AGS Christofi Ltd to create fast-food outlets in Nicosia, Limassol, Larnaca and Paphos. The company already has 22 «Grigoris» and «Coffeeright» branches in Romania and has added this year another six in Greece. Top Gear in Greek Listed publisher Imako Media and BBC Worldwide Ltd agreed to publish the BBC Top Gear magazine in Greece from this May. The magazine will effectively succeed Imako’s CAR magazine, which will come out next month for the last time, since the publishers’ license agreement with EMAP Active Ltd has not been renewed.