x

Economy

Post-Easter Comeback for Volatile Athens Stock Exchange Brings New Surge

ATHENS – The Athens Stock Exchange reflects Greece’s remarkable economic turnaround, transitioning from the brink of exiting the Eurozone to surpassing Germany, the European Union’s economic powerhouse.

Following the Easter holidays, the stock market surged to a 13-year peak, inching closer to the 1,500-point milestone, signaling the country’s robust rebound.

Despite ongoing challenges such as high supermarket prices, the government’s crackdown on profiteering, and lingering economic disparities, the first-quarter corporate results indicate positive momentum. The General Index soared by 1.28%, buoyed by banking stocks that have successfully addressed bad loans and received substantial state bailouts.

Alpha Bank, one of the leading financial institutions, witnessed a 2% surge in stock value, while industrial giant Mytilineos and beverage giant Coca-Cola also experienced notable gains. Cenergy, a key player in energy infrastructure, achieved a record-breaking 4% increase, showcasing the market’s resilience and growth potential.

As Greece continues its economic resurgence, the Athens Stock Exchange stands as a beacon of progress and opportunity, driving investor confidence and contributing to the nation’s revitalization.

RELATED

ATHENS - After inviting foreign investors to qualify for Golden Visas by buying properties, Greece is looking at limiting how many nights apartments and homes can be used for short-term rentals, which spiked prices and is drying up the market.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

The 30th Κalamata International Dance Festival Runs July 12-21

KALAMATA – Synonymous with the evolution of contemporary dance in Greece, the Kalamata Dance Festival celebrates 30 years of continuous presence this year, having established itself as the premier contemporary dance event in the country and one of the most significant dance events in Europe.

KALAMATA – Synonymous with the evolution of contemporary dance in Greece, the Kalamata Dance Festival celebrates 30 years of continuous presence this year, having established itself as the premier contemporary dance event in the country and one of the most significant dance events in Europe.

Permanently Unique Group announces their third foray into unique cuisine in Manchester’s Spinningfields shopping district.

NEW YORK (AP) — Manhattan prosecutors told a judge Wednesday they are evaluating more claims of sexual misconduct made against Harvey Weinstein and could potentially seek a new indictment against him before his scheduled retrial on rape and sexual assault charges.

NEW YORK – Greek-American Stratis Morfogen’s Diner 24, 283 3rd Avenue in Manhattan’s Gramercy neighborhood, was featured in the New York Post for hiring pastry chefs from an untapped demographic – yiayias and church ladies.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.