GEK Terna

Projects worth 17.1 billion euros are expected to be implemented in the coming years by the four large domestic construction groups GEK Terna, Intrakat, Avax and Mytilineos.

The benchmark of the Greek stock market came off Thursday's 13-year-high to record moderate losses on Friday at the end of another week of price growth, the third in succession. The continued rise of foreign bourses, including Wall Street, has helped. As of Monday the main index at Athinon Avenue will incorporate Athens International Airport.

Greek stocks recovered after Wednesday's respite, with the benchmark rising to yet another 13-year high on Thursday, thanks mostly to the growth recorded by a few blue chips and by mid-caps.

After six sessions of gains in a row for the benchmark, which took it to a 13-year high, the Greek stock market endured moderate losses on Wednesday, in spite of the spectacular entry of Athens International Airport.

The sixth consecutive session of gains at the Greek stock market brought the benchmark not only to another 13-year high, but also above the 1,400-point mark, on significantly increased daily turnover too. All this was before the entry of the 300 million shares of Athens International Airport, which is scheduled for Wednesday.

The Greek stock market took another step higher on Friday, closing at a new 13-year high for the second day in a row, as the local bourse appears close to shaking off the entire impact of the financial crisis that started in 2010 in Greece.

Monday's stock session followed the course of the Greek weather, with a steady decline in prices matching the drop in temperatures. The benchmark narrowly managed to stay above the 1,350-point level, mainly thanks to the activity of some buyers in selected blue chips, while the prospect of the Athens International Airport listing absorbed some of the market's liquidity.

The main index of the Greek stock market ascended close to this week's decade high on Friday, with traders focusing on certain blue chips, although mid-caps underperformed this time. A report by Alpha Finance on Friday pointed to an increase of 15% to 25% for the benchmark of Athinon Avenue this year. In fact it has already gained 5.24% since the year started.

The stock market at Athinon Avenue came off Wednesday's decade-high to suffer losses on Thursday that were somewhat moderated by the end of the session. Observers noted the intention of investors to sell and secure some liquidity in order to join the public offering of Athens International Airport - a process that began on Thursday.

The Superfund plans to have received binding financial offers for the concession of Kalamata airport by the end of June, so as to complete the signing of the concession contract by the end of the year, to be ratified by the Parliament.