Investment

The purchase of old apartments with the aim of renovating them and then renting them out or even reselling them at a profit is gaining ground in the Greek capital's property.

Cyprus faces an end-2024 deadline to align with the European regulation governing large foreign investments.

Parliament aims to review and enact the relevant legislation alongside budget discussions, but time constraints mean a decision must be reached by the final plenary session.

The Greek stock market again showed its inability to set “mounds”, with sellers maintaining the lead for a fifth consecutive day. In addition, the previously 1,400 support point turned into resistance. Apart from banks – the familiar negative protagonist – the energy sector also exerted strong pressure on the board.

A global surge of interest in gold has emerged among investors, commonly referred to as "gold fever." However, this trend differs significantly from the gold rushes of the 19th century in the United States and Australia. Today's investors are not prospecting for gold in mines; instead, they are purchasing the precious metal as a hedge against geopolitical instability and rising inflation.

JP Morgan in a special report discusses in detail the FTSE Russell announcements and the possible revision of Greece to a developed market. “FTSE Russell will add Greece for possible promotion from advanced emerging (EM) to developed markets (DM).

BELGRADE - For Serbia, whose market economy is still developing, obtaining investment-grade rating is a major milestone and a recognition of its progress in fiscal discipline, its stable macroeconomic policy and improvement of its institutional framework, European Investment Bank (EIB) economist Pietro Dallari has told the Belgrade weekly NIN.

FTSE Russell announced late on Tuesday it has included the Athens Stock Exchange in the shortlist for upgrading, with the aim of returning it to the category of developed markets

Greece will be added to the Watch List for a possible upgrade from "Advanced Emerging" to "Developed Market" status.

The Anti-Money Laundering Authority is investigating a real estate racket suspected of defrauding investors through the Golden Visa program by collecting downpayments for property purchases without delivering to the buyers.

The case mainly concerns Chinese investors and a number of transactions in the real estate market are being investigated.

Growth and profit opportunities for the Athens International Airport (AIA) make its stock a very attractive proposition, according to analysts.

Investment bank Axia Ventures gives a buy recommendation on AIA stock, with a target price of €9.10 per share. It notes in its analysis that the recently listed stock is a high-value, low-risk recommendation.

In the 2000s, Greece witnessed an era of irrational exuberance, better known here as "the era of lobster pasta." Some people would even fly by helicopter to an island just to enjoy such a meal. As the apologists of that time said, "That's what economic growth brings." They viewed any criticism of these phenomena as elitist snobbery.