Economy of Greece

January ended at the Greek stock market with 10.01% growth for the main index, after it suffered a minor decline on Tuesday in a mixed session. While some fellow eurozone bourses took heavier losses on the day, Athinon Avenue saw its expected profit-taking to be small and targeted, while banks enjoyed another day of price gains.

Aegean Airlines is expanding its network of destinations and further strengthening its activity in the Israeli market by adding three new direct scheduled routes from Ioannina, Hania and Kalamata to Ben Gurion Airport and Tel Aviv, while increasing its flights from Athens and Thessaloniki.

Greek tourism authorities and businesses are expressing reserved optimism regarding the sector's course in 2023.

This optimism is based both on the first indications from bookings for this season and the number of seats to Greece planned by the airline companies.

Athinon Avenue saw its benchmark temporarily rise above the 1,000-point mark, but it eventually had to settle for small losses as the recent rise to an eight-year high has not had its fair share of profit-taking yet.

The benchmark of the Greek stock market took another leap on Monday to get closer to the psychologically significant 1,000-point mark, as bank stocks led the bourse index to a new eight-year high. This first testing of the waters around 1,000 points showed the milestone may prove easier to attain than the previous one - i.e.

Greece has significant growth potential in various sectors. Tourism, telecommunications, health, energy and education are some of those of greatest interest. But they are not the only ones.

After a day's respite, the Greek stock market returned to its upward course on Friday, with the benchmark covering some of its Thursday losses on its way toward the 1,000-point mark.

Greek stocks maintained their growth momentum for another day on Tuesday, despite the attention the issue of the 10-year sovereign bond commanded, with the main index climbing to another eight-year high. Even when European bourses headed lower and some traders indulged in profit-taking, buyers retained the upper hand, with the benchmark edging ever closer to 1,000 points.

"In the unstable global environment, Greece has succeeded," said Finance Minister Christos Staikouras at the Eurogroup meeting on Monday, pointing out the strong resilience and positive prospects of the Greek economy.

The benchmark at the Greek stock market soared to levels unseen in over eight years on Monday, as despite the US holiday traders showed considerable buying interest in local stocks. A number of market deals and the consensus that Greece will outperform the eurozone in growth terms this year appear to have attracted investors on a permanent basis.