Piraeus Port Authority
Relations between the government and the operator of Piraeus Port Authority (OLP) could reach breaking point just weeks before the general election as an informal meeting between OLP and members of the Port Planning and Development Commission last Friday not only failed to resolve the problems for the implementation of Cosco's investment but probably generated new ones too.
The closing auctions determined the hue of the indexes at the Greek stock market on Thursday, securing some gains for the benchmark, blue chips and banks, while the mid-cap index closed without a change. There was notable growth in early trade, but those gains evaporated later on before the auctions pushed the majority of stocks back into positive territory.
Significant losses over the previous days prompted a reaction from investors in the Greek stock market on Friday, in line with the rebound noted in most European bourses. However the benchmark ended the week almost 5 percent worse off, largely due to the handout package announced by the government on Tuesday.
Another three-day bourse week ended with minor gains for the main index at Athinon Avenue on Friday, in spite of the mixed picture recorded in the session with losses for a slight majority of stocks. Turnover is only expected to pick up from next week, although the market will remain reserved ahead of the May 26 elections.
Only a few days after Greece became the 17th member of the Chinese initiative for Central and Eastern Europe - now called 17+1 - Prime Minister Alexis Tsipras traveled to Beijing to attend the Second Belt and Road Forum for International Cooperation. It was his third visit to the Chinese capital, after July 2016 and May 2017.