Economy of Greece

ATHEX: Traders buy into expected result of the next election

Bloomberg reported on Monday that Greek securities have good momentum as traders buy into the prospect of a forthcoming election that will bring in a pro-business government, and the benchmark at the local bourse duly rose to a new nine-month high on a uniform advance by most blue chips.

Skiathos volunteers clean island beaches ahead of summer season

The Sporadic island of Skiathos has prepared itself ahead of upcoming tourist season with a voluntary beach cleaning drive that involved more than 550 school pupils and 75 adult volunteers.
The drive was organized by the cultural association "Skiathos" earlier this month with the aim being to clean all of the islands 72 beaches, including the signature Koukounaries beach.

ATHEX: Fresh 8-month high for bourse benchmark

The Greek bourse continues to go from strength to strength, with its benchmark recording another eight-month high on Friday, boosted by the performance of bank stocks as well as the continued drop of the yield on Greek state bond ahead of a possible new issue. The Eurogroup decision mattered little for traders, as they had already factored it in earlier in the week.

ATHEX: Banks keep driving stock index higher

The expected approval of a 1-billion-euro disbursement to Athens by Friday's Eurogroup, after Wednesday's favorable European Commission report, secured further gains for the majority of stocks at Athinon Avenue, which was accompanied by the continuing decline of Greek bond yields. The stock benchmark climbed to its highest level in almost eight months, just short of 750 points.

ATHEX: Mild gains on cherry picking

The Athens stock market managed to remain on a rising course on Tuesday, on presentable trading volume, although stocks painted a mixed picture and the banks index headed lower. Traders were very selective, opting to cash in recent bank stock gains while buying into other blue chips and mid-caps.