Economy of Greece

Greek stocks contained their growth on Friday, giving up most of their mid-session growth, but the benchmark still ended higher.

A rollercoaster session at Athinon Avenue on Thursday saw constant shifts from black to red and back, before the benchmark of the market heeded the course of mid-caps to close with gains for yet another day, despite the decline of the banks index. That means the main index has registered yet another nine-year high, with turnover remaining at a particularly satisfactory level.

Bulgaria has officially accepted the offer to be the honored country of the 87th Thessaloniki International Fair, which is to be held between 9 and 17 September 2023, according to the president of TIF-Helexpo Anastassios Tzikas on Thursday.

Barring any unlikely event, the Folli Follie trial is expected to begin on June 19 at the Court of Appeal for Felony Cases, as the Athens Bar Association has stated that the lawyers will attend the trial with special permission.

Greece's strong performance compared to the eurozone and the upward trajectory of the country's ratings by rating agencies on the way to achieving investment grade, are the biggest catalysts for the Greek economy, as well as for the course of Greek bonds and banks.

The upward trajectory of the Greek stock market continued for another day on Wednesday, with the increased turnover being the main feature of this fresh session of growth that led the benchmark to yet another nine-year high. The 2% advance of the banks index leaves no doubt about the day's protagonist, with Alpha leading the way up thanks to its favorable corporate results.

The opening of the binding financial offers for 67% of Iraklio Port Authority had been scheduled for Thursday, but this is no longer expected to happen.

Both contenders have asked to examine the legalization documents of their competitor.

Their new deadline expires early next week, so it is likely that the financial bids will be unsealed at the board meeting next Thursday.

Investors unleashed a buying spree at the Greek stock market on Tuesday, after the three-day weekend, with the price growth gathering momentum as the session went along.

The management of Mytilineos Energy & Metal is pondering whether it should move its headquarters outside Greece, as the company grows and expands its activities in international markets.

Traders at the Greek stock market chose to cash in on some of their recent gains on Tuesday, with the main index at Athinon Avenue coming off Monday's nine-year high for some moderate losses for the majority of stocks, led by banks. Nevertheless, mid-caps bucked the trend and their index remained in positive territory.