Terna Energy

Greece's private sector is resorting to the funding support of the European Investment Bank, seeking a share from the Investment Plan for Europe (also known as the Juncker Plan).

After Creta Farm, which has already secured such funding, Terna Energy has submitted an investment plan of more than 1 billion euros for the renewable energy sources sector.

In spite of the initial negative reaction to Prime Minister Alexis Tsipras?s strong words about the creditors, the losses of the Greek stock market benchmark were contained to less than 2 percent on Wednesday in a sign that optimism and relief remained at the back of investors? minds.

The Greek bourse reacted with disappointment on Thursday after investors? hopes for a deal between Athens and its creditors, which spurred a mini-rally on Wednesday, once again failed to materialize, with some of the traders reaping capital gains.

The last session of the Greek bourse for this month contained May gains to just 0.30 percent as various statements by eurozone and IMF officials confirmed that the market will have to wait for at least a few more days before a deal is reached with the Greek government.

Declining blue chips dragged the benchmark of the Greek bourse lower on Tuesday, as the various scenarios regarding proposals and counterproposals placed on the negotiating table by Athens and its creditors appeared to confuse investors instead of inspiring them at the start of the four-day trading week.

The Athens bourse?s recent spurt of growth came to an end on Wednesday. The benchmark closed at its lowest point of the session, with losses of 1 percent, as investors chose to cash in some of their gains from the previous five sessions of growth. The declines on a number of other European markets also played a role.

International rumors about a Greek eurozone exit and the bleak outlook of the country?s negotiations with its creditors sent local stocks even lower on Wednesday, with banks again bearing the brunt of the selling pressure.

The Greek bourse began the four-day recess having secured daily gains of 1.06 percent and a weekly rise of 0.61 percent, as the government asked its eurozone peers for cash while making it clear that Russia is not a solution to Greece?s financial problems. Thursday?s trading volume was the second lowest of the year.

The Athens stock market reopened on Tuesday after a four-day break, making moderate gains on particularly low turnover as traders are expecting the results of Wednesday?s Euro Working Group meeting as well as the outcome of the prime minister?s visit to Moscow.

The Athens Exchange (ATHEX) general index ended at 777.47 points, adding 0.80 percent to Thursday?s 771.32 points.