Economy of Europe

The rebound expected on Thursday at the Greek stock market, following five consecutive days of decline, did materialize, but the benchmark closed some way from its day-highs.

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.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.3309 dinars for one euro on Monday, which is a slight change from Friday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.2 pct y-o-y.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.3307 dinars for one euro on Monday, which is a slight change from Friday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.2 pct y-o-y.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.3269 dinars for one euro on Friday, which is a slight change from Thursday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.2 pct y-o-y.

The US Fed and European Central Bank rate hikes went largely according to expectations, so eurozone stock markets, including Greece's, proceeded smoothly on Thursday with sessions of mild gains.

"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.

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.

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.

Non-bank blue chips outperformed on Friday at the Greek stock market to take the benchmark to yet another eight-year high, with the wave of stock buying that started in late December continuing unabated. In these first four weeks of the year the main index has added just under 10%.