BUSINESS Stocks stock_market_flag_web--4

ATHEX: Bourse index sheds 1.53% in September

The Greek bourse benchmark ended September with a monthly drop of 1.53%, although the latter half of Wednesday’s session at Athinon Avenue saw the reversal of earlier losses, containing the decline recorded since the start of the month.

BUSINESS Banking bank_of_greece1_web

BoG submits bad-bank plan


Greek banks are expected to transfer bad loans of 40-45 billion euros to an asset management company (AMC), according to the formal proposal to be submitted to the government on Wednesday by the Bank of Greece. This will then be tabled for approval by the European monitoring authorities and then the banks themselves.

BUSINESS Finance staikouras_in_london_web

Staikouras amends take on recession

Finance Minister Christos Staikouras has tweaked his forecast for this year’s financial economic contraction, telling on Tuesday that it will range between 8% and 9%. This is slightly higher than the Stability Program’s adverse plan for a 7.9% slump that he had insisted on until now.

BUSINESS Stocks stock_market_flag_web--3

ATHEX: Stocks slide again on lack of optimism

The return to losses and the meager turnover on Tuesday on the Greek bourse leave little scope for optimism as regards the rest of this week, as concerns over the second wave of the pandemic continue to affect not only the domestic stock market but also most of its European peers.



Attica twins with China’s Sichuan region


Chinese Ambassador Zhang Qiyue (r) hosted Attica Regional Governor Giorgos Patoulis (l) at the Chinese Embassy in Athens Tuesday, where the two officials signed an agreement twinning the Greek capital with the region of Sichuan. Patoulis hailed the cooperation between the two regions, saying it will not only address management of the pandemic, but will also “build the future through tourism, trade, development and progress.” [ANA-MPA]