Piraeus Port Authority
Stocks in Athens resisted pressures and continued their upward trajectory on Monday, with banks getting the credit for grabbing investors' attention and leading the benchmark higher, although turnover remained below the 50-million-euro mark. Traders appear to be pricing in a likely Greek credit rating upgrade this Friday by Standard & Poor's.
Greek stocks held their ground on Monday as early losses gave way to a late surge that offset the selling action and left the benchmark virtually unchanged at the beginning of the trading week. The low turnover pointed to the wait-and-see stance adopted by larger portfolios, while bond yields have started to edge higher.
Greece's Port Planning and Development Commission (ESAL) last week approved an investment plan by Chinese shipping giant Cosco for its subsidiary, Piraeus Port Authority (OLP), in essentially the same form that it had been agreed upon with the previous administration - with a reduction to the planned size of a shopping center and car terminal - but put a freeze on a proposal for an additional i
Piraeus Port Authority (OLP), operator of Greece's largest port, has increased its investment plans to attract more business to what is one of Europe's biggest harbors, a government spokesman said on Wednesday.
OLP, majority owned by China's Cosco Shipping, has submitted an 800-million-euro plan to Greece's Shipping Ministry, government spokesman Stelios Petsas told reporters.
Piraeus Port Authority (OLP), operator of Greece's largest port, has increased its investment plans to attract more business at one of Europe's largest harbors, a government spokesman said on Wednesday.
OLP, majority owned by China's COSCO Shipping, has submitted to Greece's shipping ministry an 800-million-euro plan, government spokesman Stelios Petsas told reporters.
Fresh pressure on bank stocks inflicted losses on the benchmark of the Greek stock market on Tuesday, while trading volume remained sluggish.
The Athens Exchange (ATHEX) general index closed at 853.89 points, shedding 0.77 percent from Monday's 860.51 points. The large-cap FTSE-25 index contracted 0.64 percent to end at 2,107.21 points.