Piraeus Port Authority

Cruise giants target Piraeus

As work got under way on Piraeus Port Authority's (OLP) new cruise terminal on Tuesday, top officials of global cruise tourism giants Carnival and Royal Caribbean expressed confidence that it would reposition Greece's main port at the center of the Mediterranean cruise market.

OLP profits raise state revenues

Piraeus Port Authority (OLP) achieved an increase in both its turnover, by 12.3 percent, and net profits, by 27 percent, on a yearly basis in 2019, mainly thanks to growth in container handling at the second and third container terminals operated by Cosco subsidiary PCT. There was also a notable improvement in revenues from ship-repairs and cruise tourism.

ATHEX: Fourth day of stock losses

Global concerns over the expansion of China's coronavirus have taken a toll on international markets, with the Greek bourse again being no exception. Thursday's was the fourth consecutive session of losses, which so far this week have added up to 1.6 billion euros in capitalization.

ATHEX: Local bourse edges higher over the week

The rise of Coca-Cola HBC's stock by 1.95 percent on Friday contained the Greek benchmark's losses somewhat and kept the blue chip index above water at the end of a week of small gains for the local market.

The Athens Exchange (ATHEX) general index ended at 923.63 points, shedding 0.26 percent from Thursday's 926.06 points. On a weekly basis it improved 0.38 percent.

ATHEX: Bank stocks lead bourse rebound

The banks index at Athinon Avenue staged a 2.74 percent rebound on Thursday, leading the benchmark of the Greek bourse back up to 926 points on turnover of more than 100 million euros.

The Athens Exchange (ATHEX) general index ended at 926.06 points, adding 1.30 percent to Wednesday's 914.17 points. The large-cap FTSE 25 index expanded 1.22 percent to 2,308.07 points.

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