A year of growth for the economy and stock market in 2024

Theodore Krintas, founder and CEO of the consulting firm Koubaras Ltd, expresses his optimism about the course of the Greek economy and the Athens Stock Exchange in 2024 in an interview.

"While for many years I have answered this question by saying that we are likely to experience another year of intense volatility, this year will be the first time in a long time that I will express optimism for a calm 2024, with a clear upward trend for the economy," says Theodore Krintas, adding: "We expect a substantial rise in Athens Stock Exchange shares, perhaps three or four times greater than the corresponding GDP growth, as is often the case in good economic times."

Commenting on the level of management of Greek companies, the CEO of Koubaras notes that, given the difficulties of previous years, the management teams of companies are in a position to adequately manage intense and sudden fluctuations, as well as challenges. On the other hand, however, companies need to pay greater attention to the issue of succession, which should be planned and prepared several years in advance and not when it is too late, as is often the case.

Finally, given that Koubaras is one of the consulting firms for the listing of new companies on the Alternative Market of the Athens Stock Exchange, Theodore Krintas highlights a number of issues that must either be addressed or avoided, with the ultimate goal of developing the institution and the capital market.