OTE

The Athens bourse played second fiddle to the Greek bond market on Tuesday, but buyers returned when the benchmark hit a low of 818 points - after the bond's book closed - and by the closing bell the main index's losses had halved.

Although the domestic political scene may be preoccupied with the Novartis scandal, the government's top priority is clearly placing the country back on the international investment map and exploiting the positive climate that has emerged.

Greece's bourse index came down from a six-week high to record moderate losses on Tuesday, but listed companies are mainly focused on the two-day London roadshow they are launching on Wednesday, with the participation of Finance Minister Christos Staikouras on Thursday. That may also explain the fresh slump in turnover on Tuesday.

Greece's biggest telecoms operator OTE is tapping debt markets with a 7-year bond, aiming to raise 500 million euros ($551.05 million), it said on Tuesday.
The bookbuilding process opened earlier on Tuesday, OTE, which is 45% owned and managed by Germany's Deutsche Telekom , said.

Greece's biggest telecoms operator OTE posted a 1.7 percent rise in second-quarter core profit on Thursday as a recovery in its home market helped offset poor performance at its Romanian operations.

MSCI has upgraded two systemic lenders, Eurobank and National Bank, to the main index for Greece, from which they had been demoted last November after the decline in their capitalization in 2018.

Greece's biggest telecoms operator OTE posted a 0.9 percent drop in first-quarter core profit on Thursday as weakness in Romania outweighed growth in its home market.

The management of Deutsche Telekom-owned OTE is considering the creation of subsidiaries that will undertake specific work and lead to an increase in the group's value.

Greece's biggest telecoms operator OTE expects a double-digit percentage rise in cash flows this year as recovery in Greece takes hold and its Romania business stabilises.

Investments in Greek enterprises remain at low levels. Although they increased last year compared to 2017, they still failed to reach a satisfactory amount, according to data compiled and processed by PricewaterhouseCoopers. Despite the drop in the value of Greek companies, they are unable to attract investment capital due to the country's weak economic growth.