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Main
operation costs in Greece
| Indicative
telephone charges (2002) |
Telephone
installation charges* |
29.34 Euro |
Telephone
transfer charges* |
29.34 Euro |
International
phone call charges from Greece per minute** |
Zone
I*** : 0.246 Euro
Zone II*** : 0.293 Euro
Rest of world : 0.528 - 1.907 Euro |
*
Free, if another line exists in the same premises
** VAT not included
*** Zone I: Western Europe, S.E.E., North America, Japan,
Australia
Zone II: Latin America, Eastern Europe |

Indicative
water charges for industrial use* (2002) |
Urban |
0.72 -
0.85/m³ Euro |
Regional |
0.10
- 0.38/m³ Euro |
*
progressive increase depending on consumption |

Indicative
electricity prices per kWh for industrial use (2002)
VAT
not included
|
Low
voltage
4 month charge |
|
Peak
Off peak |
0.11813/kWh
Euro
0.03661/kWh Euro |
|
Tariff B1/B |
First
400kWh
Next kWh |
0.04222/kWh
Euro
0.02801/kWh Euro |
Tariff B2/B |
|
0.05523/kWh
Euro |
Tariff B15B* |
Peak
Day
Night |
0.06336/kWh
Euro
0.03240/kWh Euro
0.02396/kWh Euro |
Tariff
B25B* |
Peak
Day
Night |
0.08695/kWh
Euro
0.04447/kWh Euro
0.03286/kWh Euro |
High
voltage |
|
Peak
Middle
Low |
0.04565/kWh
Euro
0.03163/kWh Euro
0.02347/kWh Euro |
*These
tariffs are used only if the subscribed demand
during peak hours is at least 3.000kW |

| Indicative
prices for oil derivatives (April 2003) |
Heavy
heating oil (high sulfur) |
249 Euro/Ton |
Heavy
heating oil (low sulfur) |
271 Euro/Ton |
Heating
diesel |
334 Euro/Th. Lit. |
Diesel
for motors |
662 Euro/Th. Lit. |
Source:
Ministry of Development |

Indicative
prices for natural gas (April 2002) |
| For
industrial use in the greater Athens area |
|
Consumption
up to 1.000 m³/2 months |
0,3228
Euro/m³ |
|
Consumption
between 1.000 m³ 10.000m³/2 months |
0,3081
Euro/m³ |
|
Consumption
over 10.000 m³/2 months |
0,2641
Euro/m³ |
|
For
industrial use in Thessaloniki and Thessalia |
|
Consumption
up to 400 Nm³/year |
0,3450
Euro/Nm³ |
|
Consumption
up to 3.000 Nm³/year |
0,2339
Euro/Nm³ |
|
Consumption
over 3.001 Nm³/year |
0,2222
Euro/Nm³ |
Source:
Public Gas Corporation |

| Rental
Facilities |
Office
rent in Athens |
9-15 Euro per m² |
Apartment
rent in Athens |
4-9 Euro per m² |
Prices
are valid for the 1st semester of 2003
Source: Hellenic Industrial Development Bank |

| Indicative
interest rates for business loans (April 2003) |
1.
Long-term loans
EURIBOR (1 year): 2,419% + 1% bank
spread
Bank loans for asset acquisition:
6,75% + 0-4% spread (depending on the customer)
2. Working capital loans: 6,5% + 0-4% spread (depending
on the customer) |
Source:
National Bank of Greece, economic press |

| Land
acquisition cost in selected industrial areas
(indicative prices in €) |
INDUSTRIAL
AREA |
Price
per 1.000 m² |
ALEXANDROUPOLIS
(Thrace) |
10.300 |
VOLOS
(Thessalia) |
23.500 |
IRAKLIO
(Crete) |
58.694 |
LAMIA
(Sterea Hellas) |
24.500 |


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