Lamda Development

ATHEX: Traders count down the days till next week's Eurogroup

The modest gains on low trading came as no surprise on Friday at the Greek bourse, and activity at Athinon Avenue looks set to remain shallow until next Thursday's Eurogroup meeting, where key decisions are expected - at least as far as Athens's much-needed bailout tranche is concerned.

Elliniko project delays generate concerns

The development of the old Athens airport at Elliniko is now well behind schedule, while delays on behalf of the Greek state in meeting its contractual obligations, as well as new issues that have arisen in the last six months - such as the possible listing of the area as one of archaeological interest - are undermining the investment climate in the country.

Deals signed with UAE

By Panagis Galiatsatos

The foreign ministers of the United Arab Emirates, Sheikh Abdullah bin Zayed Al Nahyan, and Greece, Evangelos Venizelos, yesterday signed a memorandum of cooperation between the two states for the mutual promotion and protection of investments, seen as a message of trust from the UAE to Greece.