ECONOMY

Blue chips halt slide caused by Olympic woes

Late-session buying in blue chips helped lift the Greek bourse off session lows yesterday with the benchmark general index ending 0.53 percent lower. Brokers said concerns over Greece’s attempt to find a buyer for ailing Olympic Airways, after news that previous bidder Axon Airlines was closing operations, hurt sentiment. Weak European markets also weighed heavily. Axon Holdings, part-owner of Axon Airlines, plunged 17.93 percent to 3.02 euros with no bids. The benchmark general index ended at 2,679.68 points after dipping to an intrasession low of 2,641.15 points. Other brokers said the upcoming initial public offering of the Public Power Corporation (PPC) from today to Friday also helped drag the market lower. «There are some views in the market that PPC’s IPO has resulted in selling pressure as investors move to raise liquidity to participate in the IPO,» said another broker. Mid-caps on the FTSE/ASE-40 index fell 1.74 percent and small-caps lost 2.63 percent. Blue chips eased 0.03 percent to 1,473.37 points. Turnover was 128.02 million euros. (Reuters) Until now, the department has examined degree-holders’ applications by carrying out a comparison of the curriculum completed. «Those studies which are not taught at a higher education institute are not recognized. A graduate who began his studies at a Greek EES is regarded as having two non-existent years of study, as far as the committee which examines the applications is concerned,» the director of the department, Despoina Andritsou, told Kathimerini. Recognition