Economy of Europe

ATHEX: Index loses 15 points in one day

The Greek stock market came off Wednesday's 101-month high to see its benchmark post a notable decline that was eventually smaller than its mid-session losses on Thursday. A late stop-loss reaction that culminated during the closing auctions arrested the decline of the main index, but losing stocks outnumbered the gainers by three to one.

Financier: In Bulgaria, We’ve been Using Euro, which is called Lev, in a ratio of 2 to 1 for 25 Years Now

"The lev is attached to the euro, the exchange rate is fixed. In Bulgaria, we operate with the euro, which is called the lev in a ratio of 2 to 1 for 25 years - since the currency board was introduced." This is what Julian Voinov, a financier, said on Nova TV.

ATHEX: Bourse grows just over 10% in January

January ended at the Greek stock market with 10.01% growth for the main index, after it suffered a minor decline on Tuesday in a mixed session. While some fellow eurozone bourses took heavier losses on the day, Athinon Avenue saw its expected profit-taking to be small and targeted, while banks enjoyed another day of price gains.

EU: The Eurozone will avoid Recession this Winter

The Eurozone economy will avoid recession this winter after growing by 0.1% in the fourth quarter of 2022, according to official data from the European Union's Statistics Agency.

The figure was lower than the 0.3% growth recorded in the third quarter of 2022, but better than economists' forecasts for a contraction.