The benchmark of the Greek bourse jumped 20 points on Thursday after a sudden buying spree by traders that saw banks earn almost 4 percent. The favorable climate on foreign markets and the continuing decline of Greek bond yields appear to have convinced investors to buy back into local stocks again.
Just when the Greek Energy Minister thought he could take a short August break, after a hectic first 30 days of the Mitsotakis administration, a stern warning from Brussels has exposed the wavering attitude that Athens has chosen by succumbing to pressure from the Chinese-controlled transmission system operator ADMIE over the Attica-Crete subsea electricity cable.
Major players in the electric cable construction sector have shown an interest in bidding for the Athens-Crete power connection, a 1-billion-euro project expected to be completed by 2022, according to Ariadne Interconnection, a special purpose subsidiary of the Independent Power Transmission Operator (ADMIE) which administers the project.
About 80 percent of Halkidiki, and specifically the first and a small section of the second peninsula that make up the regional unit, remained without power a day after storms and gale-force winds toppled trees and utility poles, the head of the union of Public Power Corporation employees (GENOP) said Thursday.