Among the factors boosting activity on the local bourse has been its acquisition by Euronext. [INTIME]
The financing of companies through Euronext Athens is on track for a five-year, possibly even 25-year record, as before the end of the first half of the year funds amounting to €5.6 billion have already been raised, and by the month’s end they are expected to exceed €6.6 billion.
This performance compares with the whole of 2021, when €8.1 billion was raised, then setting a 20-year record, excluding the bank recapitalization years (2013-2015). The intense mobility listed companies have shown this year, despite geopolitical matters, is linked to the high levels of liquidity that exist internationally, given the loose monetary policy of central banks in the last couple of years. Part of the explanation for the forward-looking corporate movements is the expected swing to rate hikes due to the war in Iran.
Another important factor is that the Greek macroeconomic story remains strong. Although expectations for growth in 2026 have eased to 1.7%-2%, Greece is again expected to outperform, while continuing to record primary surpluses and a rapid reduction in debt-to-GDP.
An extra push came from the acquisition of the bourse by Euronext and its expected upgrade to developed market status, strengthening the international visibility of the local market.
