Finance

DB attributes the robust performance to multiple factors, including significantly improved profitability and resilience, as well as enhanced market liquidity following the allocation of shares of the Hellenic Financial Stability Fund (HFSF).

The surplus was attributed primarily to improvements in the secondary income balance and, to a lesser extent, the services balance

In March 2021, the historic PITSOS factory, one of Greece's largest industrial units, ceased operations.

Overnight stays by foreigners nudged higher, year-on-year, but arrivals and overnight stays of Greek nationals were lower

The measures are aimed at preventing or mitigating systemic risks stemming from the real estate market in Greece

More significantly, the EIU's VAR model indicates that these improvements are likely to result in a rise in real GDP per capita, investment expenditure, and foreign direct investment (FDI)

Finally, the traveler composition in short-term rentals varies throughout the year, with international visitors dominating in summer and domestic travelers holding a significant share in winter.

At the same time, concern was also sparked by last year's sharp decline in Foreign Direct Investment, with preliminary data from ELSTAT showing a decrease of 40% compared to 2022.

This surge in investment is driven by promising growth prospects fueled by the upcoming Kasteli airport on the eastern side of the island and the development of the northern road axis.

The bond issued by NBG matures in 11.25 years and is callable after 6.25 years.

The Greek Finance Ministry will be increasing the Golden Visa threshold to 800,000 euros for some areas. A relevant bill is expected to be tabled in parliament this week

Commissioner Ferreira will be visiting Athens, Patras, Megalopolis, and Tripolis, to review cohesion policy-supported projects

"We are determined to continue, more or less, in the same way, proceeding with all necessary structural reforms, sending the message that this country is investment-friendly," Mr. Hatzidakis said

Unilever also mentioned that the ice cream sector's autonomy leaves room for various options, including the direct sale of the business.

In summary, Greece must address issues beyond fiscal matters, such as justice, corruption, and public administration reforms, to achieve an A+ rating.

The reports claim that the Tempi rail disaster in late February 2023 and the continuing fall-out from the deadly train collision – which claimed 57 lives – along with slumping revenues are the reasons for the purported de-investment

Accommodation and F&B services providers in Greece reported an 11% increase in turnover in January with Zakynthos island in the lead.

Greece's central bank said the total value of these types of loans decreased to 69.46 billion euros by the fourth quarter of 2023, down from 71.18 billion euros in the previous quarter

The major investment by the Mirum Group, which in its entirety is likely to exceed 700 million euros including the land acquisition, encompasses high-end hotel units, apartment complexes, villas, a botanical garden, restaurants, retail outlets and a marina

The next tranche of Greek government aid for citizens to help them reduce energy costs at home through the program "Save 2024" is expected to be launched in the second half of 2024 and will also target emissions.