GEK Terna

ATHEX: Stocks give up most of last week’s growth

The benchmark of the Greek bourse came off last Friday's five-year highs on Monday as the market appeared to be keeping some cash aside for the upcoming 15-year Greek government bond issue. International pressure on stocks from the Chinese coronavirus played a part too, while the Greek economy's upgrade by Fitch had already been priced in last week.

EIB signs 180 million euro loan to fund new Greek airport

The European Union's lending arm, the European Investment Bank (EIB), signed a 180-million-euro ($199.69 million) loan deal with Greece to help it pay its share for a new airport on Crete, the country's biggest island.

Greece has been upgrading its airport facilities to handle an increasing number of tourists visiting the country, one of the world's top holiday destinations.

ATHEX: Banks feed another day of stock growth

The positive views on the Greek economy and its banks by various foreign firms, including rating agency DBRS Morningstar, continue to feed traders' buying interest, which is also trickling down to mid- and small-caps. This carried the benchmark through to another day of growth on Wednesday, on higher trading volume too thanks to a number of packages that changed hands.

Hard Rock International ruled out of Elliniko casino tender

The Hellenic Gaming Commission (EEEP) has unanimously accepted the conclusions of the committee for the tender of the Elliniko casino concerning the rejection of the bid by Hard Rock International (HRI).

Reliable sources say the decision was made at last Friday's EEEP board meeting. This decision rules HRI out of the running for the casino license at the old Athens airport plot.

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