In recent years, the Athens Stock Exchange has entered a phase of strong recovery, with strong returns and return of investor interest, especially after 2023: the General Index recorded approximately +40% in 2023, +13% in 2024 and +44% in 2025 [1]. The improvement of the macroeconomic environment and the upgrading of the country's international credibility played an important role in this shift.
Today, Coca-Cola HBC is at the top of the Greek market capitalization [2], a «heavy» multinational group with a strong international footprint, offering greater stability to the Greek stock market.
Of particular interest is the presence of all four systemic banks - Eurobank, National Bank, Piraeus Bank and Alpha Bank - in the top ten, thanks to the increased profitability attributed to a homogenized pricing policy (aka cartel) of high commissions, which has triggered discussions and audits for restricted competition practices.
Overall, the Athens Stock Exchange appears to have improved significantly, with a stronger capitalization and increased investor interest. The further course of the market will depend on the maintenance of macroeconomic stability, business performance and general conditions in the international markets, factors that will continue to shape the investment environment in the coming years.
[1] Investing.com. Athens General historical data. Retrieved January 23, 2026, from https://gr.investing.com/indices/athens-general-historical-data
[2] Euro2day. Capitalisation of shares. Retrieved January 23, 2026, from https://www.euro2day.gr/AseQuotesCapitalization.aspx
