Economy of Europe

Athinon Avenue returned to action on Tuesday after a four-day recess and rewarded those anticipating its reopening with a wholesome session of growth that boosted the benchmark by over 1.7% and pushed daily turnover above 100 million euros. However, the main index once again proved not ready to clear the 1,100-point bar.

Mid- and small-caps on Wednesday served to maintain the upward trajectory of the Greek bourse benchmark, which completed its sixth consecutive session of expansion, albeit marginally, despite blue chips and bank stocks heading south.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2893 dinars for one euro on Wednesday, which is a slight change from Tuesday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.4 pct y-o-y.

Croatia Airlines is planning to expand its services out of Athens, linking the Greek capital with three Croatian cities.

It is planning to start operating two flights a week on the Athens-Dubrovnik-Zagreb route on April 20 - on Thursdays and Sundays.

Eurogroup chief Paschal Donohoe congratulated Greece and its Prime Minister Kyriakos Mitsotakis on Greece's economic progress in recent years during their meeting at the Maximos Mansion in Athens on Tuesday.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2896 dinars for one euro on Tuesday, which is a slight change from Monday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.4 pct y-o-y.

Energy and bank stocks led the Greek stock market to its fourth consecutive session of price growth on Monday, albeit on a relatively low turnover. The decision by OPEC+ to reduce oil output pushed global rates higher and favored oil company stocks, including those listed in ATHEX.

Eurogroup President Paschal Donohoe, who is Ireland's Minister for Public Expenditure, National Development Plan Delivery, and Reform, is due to visit Athens on Monday and Tuesday to participate in a conference on the Greek economy on April 4 entitled "Resilience, Progress, Perspective", which is hosted by Prime Minister Kyriakos Mitsotakis.

The Goldman Sachs comment on Wednesday afternoon that the Greek economy will stay strong despite any political turmoil, and even regain investment grade in three weeks' time, helped the Greek stock market secure gains on Wednesday, even if it had struggled to keep pace with the rest of its eurozone peers. Moody's positive outlook of the local credit sector also helped.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.3294 dinars for one euro on Wednesday, which is a slight change from Tuesday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.4 pct y-o-y.