Petros Petropoulos SA

Sellers regained the reins of the domestic market, as part of consolidating some of the gains from the two-day upward reaction on August 6-7, following the -6.27% “Black Monday” (August 5).

On Monday (5/8), the General Index plunged by -7.37%, trading at 1,325.49 points, fluctuating between a low of 1,325.03 and a high of 1,428.01 points.

The current scenario reflects one of the most significant daily declines in recent years, comparable to February 24, 2022 (-6.42%) and March 23, 2020 (-7.58%). If the index falls below 1,300 points, it risks wiping out 2024’s gains.

"Learning mutual esteem and trust, without which nothing can happen, takes time - no crisis can teach us that." Costas Petropoulos, the 78-year-old owner of Petros Petropoulos SA, a Greek company nearing its centenary, is the Platonic ideal of the philosopher-businessman.

Athens-listed company Petros Petropoulos SA announced in a stock filing on Thursday that it has signed an agreement with Kubota Corporation based in Japan.

The cooperation between the two companies will result in the distribution of Kubota machines in Greece.

Petropoulos added that unit sales are expected to have a positive effect on the Greek company's results for 2018.

Thessaloniki-based company Petros Petropoulos SA announced on Friday it is now the Avon Tires distributor for Greece following an agreement with Cooper Tire & Rubber Company.

Avon Tires, based in the UK, has been producing high-quality tires for cars, motorcycles, commercial vehicles as well as racing tires since the beginning of last century.