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In terms of financial obligations, those expiring on March 29 must be settled by March 28. Deposits made after March 28 will reflect in records starting from April 2. These alterations extend to payroll as well.

This reflects a surplus of 112.6 million euros in January 2024 for the tourism balance, compared to a surplus of 54.6 million euros in the same month of 2023

As the BoG reveals, from early 2018 until the end of 2023, average housing sales prices at the national level have increased by 60%.

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

"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

Investments and private consumption are expected to be the key drivers of economic activity in the coming years

The Bank of Greece Governor says the ECB should not be swayed by the US Federal Reserve and must cut rates at least twice before summer

Last November, a 22% stake in the National Bank was sold, generating over 8 times oversubscription across international and Greek markets.

Kostis Hatzidakis emphasized the government's dual role in the new era for the banking system: ensuring conditions for a resilient banking system and fostering competition among banks, akin to practices in advanced European nations.

The CEO of the HFSF announced that offers exceeded even their most optimistic estimates

Ratings firm considered the strictest of its peers, and the only one that still hasn't restored Greece's sovereign rating to investment grade

This means that the HFSF will raise more than 1.3 billion euros with reports indicating that managers have already received orders exceeding nine billion euros.

Despite pressures, such as inflation in Europe and tensions in Ukraine and the Middle East, the Greek tourism sector is set to again exceed expectations

The price range was set at between 3.7 and 4 euros per share, HFSF added.

Piraeus Bank’s books will open this morning at 10 am with the Hellenic Financial Stability Fund (HFSF) placing its 27% stake in the bank, which is expected to draw substantial 8-10 billion euros in offers. The move is significant because it means the bank will finally return to the control of the private sector after […]

If the HFSF decides to place the entirety of its 27% stake in the bank, it could mean over 1.2 billion euros in proceeds for the Greek state

In contrast, the Eurozone faces persistent challenges as evidenced by stagnant growth in the fourth quarter of 2023, registering a mere 0.1% annual increase

Influential Greek central banker addresses event at the University of Liverpool