Eurobank

The recovery of the Greek economy is continuing and even starting to gain strength, the Organization for Economic Cooperation and Development (OECD) said on Monday.

By Evgenia Tzortzi

The upcoming stress tests which the European Central Bank (ECB) is to conduct on 128 European banks, including four Greek lenders, are expected to be based on a dynamic model that will also take into account their restructuring plans, according to a manual published by the ECB on Friday.

Investor anxiety regarding the outlook for Greek banks combined with heightened insecurity on foreign markets on Wednesday to drive Greek stocks sharply lower for an eighth straight session. This was in tandem with bourses abroad, hit by speculation about a further deterioration in trade relations with Russia and news that Italy is back in recession.

By Dimitris Kontogiannis

The Greek bourse reverted to a downward course on Tuesday, with the Athens Exchange (ATHEX) general index ending at 1,195.96 points after shedding 1.43 percent from Monday’s 1,213.31 points. The large-cap FTSE/ATHEX 25 index contracted 1.56 percent to close at 384.20 points.

 Recovery to depend on fiscal prudence, continued reforms and targeted growth initiatives funded by the EU

By Dimitris Kontogiannis

After 14 sessions, the benchmark of the Greek bourse finally returned above the 1,200-point mark on a wave of optimism on Friday, while turnover hit a level unseen in the last two weeks.

BELGRADE - The National Bank of Serbia (NBS) has said in a release that the country’s banking sector reported a profit of RSD 8.1 billion, or about EUR 70 million, in the first quarter (Q1) of 2014, down 25 percent against a year earlier.

After a rather energetic start, local stocks saw little in the way of action on Wednesday, as the main index edged slightly higher and trading volume registered its lowest level in seven sessions.

The Athens Exchange (ATHEX) general index ended at 1,152.32 points, mighty close to the day’s low but still increasing by 0.19 percent from Tuesday’s 1,150.17 points.

The benchmark index for Greek stocks closed at its lowest point in two months on Monday, but the major midday losses were contained and turnover remained above the 100-million-euro mark.

The Athens Exchange (ATHEX) general index ended at 1,149 points, declining 0.80 percent from Friday’s 1,158.24 points. The blue chip FTSE/ATHEX 25 contracted 1.01 percent, closing at 369.65 points.