Environment and Energy Minister Giorgos Stathakis will address an informative event by his ministry and the Technical Chamber of Greece on "The Built Environment and Electronic Systems: The Online Issue of Construction Licenses." Starts at 4 p.m. at the chamber's headquarters, 4 Nikis, Syntagma, Athens.
The Greek stock market succumbed to pressure early on Wednesday but eventually narrowed its morning losses almost down to zero by the close.
The Athens Exchange (ATHEX) general index ended at 656.92 points, down less than 0.01 percent from Tuesday's 656.96 points. The large-cap FTSE-25 index contracted 0.39 percent to 1,720.96 points, while the mid-cap index expanded 0.46 percent.
Oversold bank stocks staged a remarkable rebound in Thursday's bourse session, with Alpha and National announcing a return to profit in July-September at the end of the trading day. The Athens Exchange (ATHEX) was also buoyed by rallying international markets, the drop in Greek bond yields and a favorable report by Moody's on the Bank of Greece proposal for slashing bad loans.
The planned merger between the Eurobank Group and Grivalia Properties that was announced on Monday is aimed at the full streamlining of Greece's third-largest lender through the drastic reduction of its portfolio of nonperforming exposures from 39 percent of all loans at end-September to 15 percent at end-2019 and below 10 percent in 2021.
Greek 10-year government bond yields on Monday saw their biggest one-day fall since September after a strong rally in Italian bonds helped boost support for peripheral assets.
Analysts also attributed the move to a boost for Eurobank, Greece's third-largest lender, on news it will acquire real estate company Grivalia Properties.
Eurobank, Greece's third-largest lender, will acquire real estate company Grivalia Properties, a Eurobank official told Reuters on Sunday.
The deal will be a share-swap transaction and boost the lender's capital base by about 1 billion euros ($1.13 billion), the official said without giving the value of the deal.
Losses sustained by Greek banking stocks banished early signs that the local market could head higher on Wednesday, with the benchmark losing all of its morning gains to end up in the red again.
The Athens Exchange (ATHEX) general index ended at 690.27 points, shedding 0.26 percent from Tuesday's 692.04 points. The large-cap FTSE-25 index contracted 0.20 percent to 1,811.98 points.
Greek stocks retreated on the Athens Stock Exchange (ATHEX) on Wednesday, while turnover was particularly low following a technical glitch.
ATHEX trading was temporarily suspended from 12.45 to 1.40 p.m. due to a general technical problem that affected the price data feed subsystem.
The ATHEX general index ended at 758.04 points, down 0.43 percent from Tuesday's 761.29 points.