GEK

The publication, in the Government Gazette, of the decision of the Minister of Finance for the granting of the "license for the development and operation of a casino with a wide range of activities at the Metropolitan Pole" marks the start of the 1 billion euro investment plan for the construction of the casino and the integrated tourist complex in Ellinikon.

The operating license of the Casino Company (EKAZ) for a wide range of activities in the Metropolitan Pole of Ellinikon - Agios Kosmas and the construction of a hotel, conference and exhibition center and a gathering place for sports or cultural events was signed today, June 8, 2022, by the Minister of Finance Christos Staikouras, as a representative of the Greek State, and the Athens IRC Conce

The first phase of the reconstruction of the Piraeus Tower was undertaken by TERNA SA, a 100% subsidiary of the GEK TERNA Group.

The big Public Private Partnership concerning the Thessaloniki Flyover is in the second phase of the tender process and without loss of suitors.

Despite the significant decline of the banks index, other stocks at Athinon Avenue welcomed back buyers on Wednesday, with trading volume remaining just above the 50-million-euro mark after the MSCI index restructuring produced no surprises for listed companies. A bank rebound could fuel a further rise over the rest of the week.

Six candidates have expressed their interest in a tender to buy Larco General Mining & Metallurgical Company assets, including the leasing of the mining complex in Larymna.

According to information, the six candidates were: GEK Terna, Tharisa Plc, Mytilineos Group, Solway Investment Group, Trafigura Group Pte, and Commodity and Mining Insight Ireland Limited.

The Greek bourse followed on Tuesday in the footsteps left by major foreign markets over the last couple of days, taking its benchmark just over the 760-point mark, though banks had less to do with that growth than other blue chips. Turnover saw a marked improvement too.

The Hellenic Republic Asset Development Fund SA (TAIPED) announced on Monday that six interested parties have submitted expressions of interest for the lease of a number of Larco General Mining & Metallurgical Company assets, namely its Larymna smelting plant, the Larymna and Loutsi mines and relevant mining rights, and other assets owned by the Greek state.

Greek stocks staged a remarkable turnaround on Thursday, as they swapped losses for gains, boosted by the reversal of bank stocks' fortunes. This was mainly seen as a reaction to the recent decline of prices from the January 4 peak, and was implemented on the highest daily turnover so far this year.

Greek stocks suffered extensive losses at the end of the week, underperforming their peers across most of the continent. While the prospect of the share capital increases in banks takes its toll on the local market in general, the trend for sales was universal, affecting even the majority of small-caps.