Panepistimiou Street ( Greek : Οδός Πανεπιστημίου , "University Street", named after the University of Athens , the central building of which is on the upper corner) is a major street in Athens that has run one way for non-transit vehicles since 2002 from Vasilissis Amalias Avenue , Syntagma Square and Vassilissis Sofias Avenue to Omonoia Square in which is now a pedestrian crossing and before an intersection. Its total length is about 1.2 km. The street was formally renamed as Eleftherios Venizelos Avenue in 1945 (after the famous Prime Minister) but is still usually known by its historical name. It has six lanes, of which five are for traffic and one eastbound lane for transit buses only. Most of the street runs almost diagonally from southeast to northwest.
26-897: Buildings along the street include the Bank of Greece , Athens Eye Clinic , the University of Athens , the Academy of Athens , the National Library , the Numismatic Museum , Titania Hotel, Attica Department Store , as well as a part of the Grande Bretagne Hotel and the Catholic Cathedral of Athens. Many buildings as high as ten to fifteen stories line this street. Old neoclassical buildings of no higher than two to three stories used to exist until
52-605: Is ASE ; the Reuters code is .ATG . The Composite Index was launched on 31 December 1980 (43 years ago) and has 60 constituents. The following table shows the annual development of the Athens Composite Index since 1987. Board of Directors oversees the activity of ATHEX. The Board consists of 13 members who are elected by the General Meeting of Shareholders for a 4-year term. The current Board
78-446: Is Y . The Bank of Greece also sells gold sovereigns . The Bank of Greece is a joint-stock company with special privileges, special restrictions, and duties. It is prohibited from operating as a commercial bank. The percentage of shares under Greek state ownership cannot exceed 35 percent (initially this limit was 10 percent ). As of early 2024, the government share was slightly over 21 percent, of which 8.9 percent directly held by
104-451: Is the stock exchange of Greece , based in the capital city of Athens . It was founded in 1876. There are currently five markets operating in ATHEX: regulated securities market, regulated derivatives market, Alternative market, carbon market (for EUAs) and OTC market. In the regulated securities market investors can trade in stocks , bonds , ETFs and other related securities . On
130-525: Is the Bank's second-in-line officer. Traditionally the Deputy Governors' main remit is administration, whereas Governors supervise monetary policy at large. The Bank of Greece's central building on Panepistimiou Street was designed in 1933 by a team of architects led by Nikolaos Zoumpoulidis, Kimon Laskaris, and Konstantinos Papadakis and inaugurated in 1938. It was extended in the 1970s to occupy
156-660: Is the Greek member of the Eurosystem and has been the monetary authority for Greece from 1927 to 2000, issuing the drachma . Since 2014, it has also been Greece's national competent authority within European Banking Supervision . Unlike most contemporary central banks, the Bank of Greece still has private shareholders and its stock is listed on the Athens Exchange . The Bank of Greece
182-490: The European Commission . The Athens Stock Exchange started trading in 1876. Its day-to-day running has been assigned to Hellenic Exchanges – Athens Stock Exchange S.A. , whose shares are listed on the exchange ( Athex : EXAE ). Athens Stock Exchange changed into public entity in 1918. In 1995 ASE was transformed into public limited company with the only shareholder – Greek state. Greek state sold 39.67% of
208-651: The Greek government in exile to London . The collaborationist governments in Greece fired Varvaresos and Mantzavinos in 1941 and appointed first Miltiadis Negrepontis as Governing Counsellor (April 24, 1941 – July 3, 1941), then Dimitrios Santis as Governor (July 3, 1941 – January 20, 1943) and Andreas Papadimitriou as Deputy Governor (July 3, 1941 – November 18, 1941), and finally Theodoros Tourkovasilis as Governor (April 19, 1943 – April 13, 1944) and Spyridon Hatzikyriakos as Deputy Governor (April 5, 1943 – October 5, 1944). After
234-465: The Panepistimiou station . During construction which lasted from 1997 to 2001, part of the underground soil was removed to make the underground subway system, causing a hole of 22 m below and a sinking of the street of about 4 m. Workers filled the hole with concrete so that traffic can resume. In the 2000s, the transit buses which can run eastbound can now run two way and is at the lower end of
260-515: The stock exchange 172 stocks are currently traded representing 166 companies. ATHEX has over 30 indices . The six main indices are: Composite Index ( GD ), FTSE/Athex Large Cap ( FTSE , also known as FTSE 25 ), FTSE/Athex Mid Cap Index ( FTSEM ), FTSE/Athex Market Index ( FTSEA ), FTSE/ATHEX Global Traders Index Plus ( FTSEGTI ) and FTSE/ATHEX Factor-Weighted Index ( FTSEMSFW ). The Athens Composite index started trading in 1980, its High 6355.04 set on 17 September 1999. The Athens stock exchange
286-482: The 1950s, when a construction spree, which lasted several decades, demolished all but a few of them. Originally a two-way street until after the Greek Civil War with bus lanes, traffic lights on major intersections as well as street lights were installed in the 1950s. Several classic films were shot in this street. The Athens Metro Line 2 runs underneath with stations linking with this street including
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#1732788034505312-803: The 1968s, Alexandroupolis in 2000, and Patras in 2001. In Kalamata , Kavala and Lamia , it purchased pre-existing buildings. The branch building in Rhodes was designed in Rome for the Bank of Italy under Italian rule of the Dodecanese , taken over by the Greek government in 1945, and transferred to the Bank of Greece in 1952. [1] Hellenic Parliament June 2015 Page 22 Athens Exchange 37°59′25″N 23°43′43″E / 37.99028°N 23.72861°E / 37.99028; 23.72861 The Athens Stock Exchange ( ASE or ATHEX ; Greek : Χρηματιστήριο Αθηνών (Χ.Α.) , Chrimatistírio Athinón )
338-722: The Athens Exchange 166 companies are represented with 172 stocks. The Securities Market has 163 stocks (from 157 companies) and the Alternative Market has 9 stocks (9 companies). The stocks of the Securities Market are divided into three categories: For a list of the companies see: List of companies listed on the Athens Exchange . The Athens Exchange uses the symbol GD for the Composite Index. The Bloomberg code for this index
364-588: The Exchange and Sofocleous St became synonymous with each other. It is now located in its new headquarters at 110 Athinon Street, also called Kavalas Street. The exchange's trading hours are from 10:00am to 05:20pm Monday to Friday, and is closed on Saturdays, Sundays and holidays declared by the Exchange in advance. Companies listed on the exchange are regulated by the Hellenic Capital Market Commission . As of 2 February 2021 on
390-584: The Greek state and 12.4 percent through the National Social Security Fund [ el ] . The rest of the bank's equity was widely dispersed, with no single shareholder known to hold more than 1 percent. The chief officer of the Bank of Greece is the Governor ( Greek : διοικητής , IPA: [ðiiciˈtis] ), a governmental appointee. The Deputy Governor ( Greek : υποδιοικητής , romanized : ypodioikētés )
416-711: The building. The bank also erected branch buildings in a number of other Greek cities, aimed at providing services but also to project a sense of stability following the turmoil of the European banking crisis of 1931 . For that, it adopted a generally neoclassical design style in the 1930s for the branches in Chania , Larissa , Mytilene , Samos , Serres , Tripoli and Volos , some of which were only completed after World War II . The Bank of Greece later completed new branch buildings in Heraklion , Ioannina and Komotini in
442-660: The case further down from the corner with Syntagma Square. Traffic congestion will also increase in all surrounding roads as it will be diverted from Panepistimiou, which will also be closed to buses (there will only be a tramline, which has not been built yet and which will only have limited coverage, thus making it even more difficult for people to get to Panepistimiou, speeding up its rapid decline). 37°58′48.96″N 23°43′58.38″E / 37.9802667°N 23.7328833°E / 37.9802667; 23.7328833 Bank of Greece The Bank of Greece ( Greek : Τράπεζα της Ελλάδος Trapeza tis Ellados , abbr. ΤτΕ )
468-568: The entire block. The building in Thessaloniki , on the northern corner of Eleftherias Square , was designed in 1925 by Aristomenis Valvis and N. Mitsakis for the National Bank of Greece . With the Bank of Greece being established in the course of its construction, it was remodeled to accommodate both institutions and completed in 1933. Since then, it has been continuously shared by the two, with respective entrances on opposite ends of
494-617: The euro. The bank has a staff of more than 1,800 employees . Its primary objective is to ensure price stability in Greece. It also supervises the private banks and acts as a treasurer and fiscal agent for the Greek government . Since law 3867/2010 was passed the Bank of Greece is also responsible for supervising private insurance companies, merging with the Committee for the Supervision of Insurance Companies established by law 3229/2004. Its Euro banknotes printer identification code
520-527: The liberation, all dismissals and appointments by occupation-era governments concerning members of the administration of the Bank of Greece were declared null and void. Until January 2001 (when Greece adopted the euro ) the bank was responsible for the former national currency, the drachma . Greece had failed to meet the membership criteria and was excluded from participating when the euro was launched on 1 January 1999. Use of physical drachma notes and coins continued until 31 December 2001 , as denominations of
546-500: The ongoing debt crisis since 27 June 2015, the stock market crashed when the exchange was reopened on 3 August. The overall index lost over 16% of its value with bank stocks losing the maximum allowed 30% on the day's trading. The Athens Stock Exchange is a member of the Federation of Euro-Asian Stock Exchanges . Until 2007, the exchange was located on Sofocleous Street , in the central business district of Athens. For this reason
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#1732788034505572-592: The project. Furthermore, there are fears that this will create a "dead zone" in Panepistimou, which, as it is a long, wide road that people make a conscious decision to go to and not a square that people naturally congregate at, will only attract low-level "leisure activities" (cafes, bars) but will lead to the decline of all other activities that might be expected in a modern European capital city (retail, services, offices, presence of companies of various kinds, finance, hotels, cinemas, theatres). This will especially be
598-727: The shares in 1997, and 12% in 1998 through private placement. State shares were decreased to 47.7% in 1999. The derivatives market started trading in August 1999 after Athens Derivatives Exchange (ADEX) and the Athens Derivatives Exchange Clearing House started operations. In 2002 the Athens Stock Exchange and the Athens Derivatives Exchange merged to form the Athens Stock Exchange. After being closed due to
624-481: The street. Plans are being made for transforming the street into a pedestrian zone, a place more cultural, cosmopolitan and leisure-related. The idea is part of a project held by the Onassis Foundation under the name "Rethink Athens" in an effort for a more allure and delightful Athens . The project is scheduled to be completed in the next few years. Scholars are critical of the political implications of
650-564: Was closed on 27 June 2015 because of the Greek government-debt crisis . It reopened on 3 August 2015 and lost more than 16% in the day's trading with certain bank stocks plummeting 30%, the daily change limit. On 23 August 2023, the company formed EuroCTP as a joint venture with 13 other bourses, in an effort to provide a consolidated tape for the European Union , as part of the Capital Markets Union proposed by
676-628: Was established by Law 3424/7 December 1927, under the conditions of the stabilization loan coordinated by the Economic and Financial Organization of the League of Nations , and its operations started officially in 1928. The shares of the Bank of Greece are registered and have been listed on the Athens Exchange since June 12, 1930. During the Axis occupation of Greece (1941–44), Governor Kyriakos Varvaresos and Deputy Governor Georgios Mantzavinos followed
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