kathimerini.gr
Athens Exchange Poised for Developed Market Status Upgrade
The Athens Exchange is poised for an upgrade to developed market status within the next few months, driven by strong market performance (23% increase in 2024, 100% since 2022), record dividends, increased investor interest, and supportive legislation, with at least one rating agency anticipating the upgrade by July-September.
- What factors contributed to the improved investor sentiment towards the Greek market?
- This upgrade is driven by the significant improvement in investor perception of Greek assets, evidenced by increased international investor participation and record-high trading activity. The Athens Exchange's market capitalization has returned to pre-crisis levels, and listed companies are projected to distribute record-breaking dividends. This positive trend is further supported by successful investment roadshows in New York, Athens, and Warsaw.
- When will the Athens Exchange likely be upgraded to developed market status, and what are the immediate consequences?
- The Athens Exchange is expected to be upgraded to developed market status within the next few months, possibly as early as July-September, according to its CEO, Yanis Kondopoulos. This upgrade is anticipated by at least one rating agency, with others expected to follow within the next two years. This upgrade reflects the strong performance of the Greek market, which has seen a 23% increase this year and 100% since 2022.
- How will the upgrade to developed market status influence the long-term prospects of the Greek economy and capital markets?
- The upgrade to developed market status will likely attract further foreign investment, leading to increased liquidity and potentially higher valuations for Greek companies. The ongoing efforts to promote the Greek market, such as investment conferences in Geneva and London, will reinforce this trend and continue to drive growth. The new law boosting the capital market, along with generous investor incentives, should also have a positive, long-term impact.
Cognitive Concepts
Framing Bias
The headline (if any) and introductory paragraph would strongly influence the framing. The provided text uses overwhelmingly positive language and focuses on the potential benefits and positive indicators for the upgrade. The emphasis on high growth rates and record profits is carefully selected to create a positive impression. The chronological sequencing of events highlights the progress and builds anticipation for the upcoming upgrade.
Language Bias
The language is predominantly positive and enthusiastic, using terms like "strong performance," "record profits," and "high growth." While factually accurate, this consistently positive tone could be considered loaded language. More neutral alternatives could include 'significant increase', 'substantial earnings', and 'market expansion'.
Bias by Omission
The article focuses primarily on the positive aspects of the Athens Exchange's potential upgrade and its recent performance. While it mentions the involvement of several rating agencies, it doesn't delve into potential downsides or challenges that might affect the upgrade timeline or its overall success. The lack of dissenting opinions or alternative perspectives could be considered a bias by omission. The article also omits details regarding the specific criteria used by the rating agencies for determining an upgrade, which could be important for a complete understanding.
False Dichotomy
The article presents a rather optimistic view of the upgrade, suggesting it's almost inevitable. While acknowledging the possibility of a delay, it doesn't fully explore the range of potential outcomes or the possibility of the upgrade not happening at all. This presents a somewhat false dichotomy between upgrade and no change, overlooking the possibility of other scenarios.
Gender Bias
The article focuses on the statements and actions of Giannos Kondopoulos, the CEO, and doesn't feature other voices or perspectives, potentially overlooking different gender viewpoints. Further analysis of gender representation would require examining the composition of the companies involved and the sources quoted.
Sustainable Development Goals
The upgrade of the Athens Exchange to developed market status is expected to significantly boost economic growth in Greece. This will attract more foreign investment, create jobs, and increase the overall wealth of the country. The article highlights record profits of Greek listed companies and increased investor interest, directly supporting this SDG.