Economy

Real GDP in Greece is estimated to have increased by 2.3% in 2023, easing to 2.0% in 2024

Alpha Finance maintained a “buy” recommendation for the stock.

Regarding collective labor agreements it is worthy to notice that increases to minimum wages has not affected the so-called ‘middle-wages’, with 80% of employees not having seen any pay rise

The banking sector is set to dominate the dividend arena, signaling a closure to the turbulent years of the crisis

According to ELSTAT, overall gross savings in the economy increased to €21.8 billion in 2022 from €16.5 billion in 2021, primarily driven by businesses and the general government, while households showed a decrease in savings by -2.6% of GDP.

There was a 5% rise in pre-bookings for 2024

After 13 years in “junk status” Greece managed to reinstate its investment grade Finance Minister Hatzidakis said

For Greece this year is ending on a relatively optimistic note mostly due to its economic growth, adding that Greece had managed to remain at the European average for inflation

Deputy Finance Minister Haris Theocharis proposes doubling the exemption threshold from €10,000 to €20,000.

Spain, the largest olive oil producer globally, faced extreme weather conditions, damaging olive crops

According to reports, some of the professions are: taxis, private kiosks, minimarkets, real estate brokers and insurance agencies, theaters, cinemas, singers, concert facilities, music bands, dancers, private universities.

Supporting the strike action resolved at the 49th Congress of POE-OTA, ADEDDY has called for a nationwide work stoppage from 10:00 AM until the close of business on Thursday, December 14th

This conversation marks a crucial step forward, as approximately 5% to 7% of the non-performing loans that were securitized in previous years have returned to regular repayments for at least a 2-year period

AADE (the Greek Independent Authority for Public Revenue) launches a digital platform to encourage citizens to report fraud

According to data from Circana (formerly IRI) for the ten-month period of January-October 2023, the largest sales volume increase was recorded in non-alcoholic beverages and snacks at +4.4%, and alcoholic beverages at +4.3%

The Greek economy continues its positive course overall, but third quarter is seen slowing

Only citizens in Poland and Greece spend more than they save

The tourism, food and beverage, construction, industrial, security, technology and agricultural sectors suffer the most from labor shortages in the country

Next month Greece will repay 5.3 billion euros ahead of schedule and hopes to continue the trend in 2024

Investors want answers from Greek banks and the Hellenic Financial Stability Fund primarily on plans to maintain profitability ahead of an ECB rate cut; also seek realism from the Athens Stock Exchange around prospects of its upgrade