Orthodox Pentecost Monday, also known as the Monday of the Holy Spirit, is a significant religious public holiday in Greece, Cyprus, and other Orthodox countries. It is observed fifty days after Orthodox Easter and marks a day when the Athens Stock Exchange and local banks are closed. This holiday can lead to slightly reduced trading volumes in European markets, particularly in South-Eastern European regional indices. It is a day of rest for the public and private sectors in the affected jurisdictions.
The date is determined by the Orthodox ecclesiastical calendar, calculated as the day following Pentecost Sunday, which is seven weeks after Orthodox Easter.
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