greek economy

The PM said “It is obviously much easier now”, adding that there was much greater interest from foreign investors in all sectors to invest in Greece.

Central banker underscored the significance of leveraging available European funds, particularly the Recovery and Resilience Facility (RRF) in strategic sectors of the economy

The IMF predicts a real GDP growth of 2.3% in 2023 (revised from the previous 2.5%) and 2.1% in 2024 (revised from 2%). Regarding inflation, the estimate suggests a decrease from 4.2% in 2023 to 2.8% in the current year

The BoG Governor spoke at an annual New Year’s cake-cutting event at the central bank’s headquarters in downtown Athens

According to the Numbeo online platform, a liter of milk in Amsterdam costs 1.18 euros, while in Athens, it is 1.63 euros

Higher costs of living, especially 'biting' prices on supermarket shelves, has emerged as a priority for the Mitsotakis government to handle and deflect criticim

The Greek Finance Minister shared a post on his TikTok account

The assessment is part of JP Morgan’s analysis released today regarding potential rating changes in 2024 across the Eurozone

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.

A post-pandemic recovery was more-or-less highlighted with last week’s designation by the Economist of Greece as its “Country of the Year” for 2023

A burgeoning second-hand – or pre-owned – retail sector in Greece now occupies a prominent place in the stats published by the country’s statistical authority, overturning decades of disdain for “used” goods among most Greek consumers. Younger generations of consumers who are more adept at “thrift shopping”, plus almost a decade of economic downturn, explain […]

The German mass media outlet includes statements from Greek PM Kyriakos Mitsotakis, who said the country has turned a new chapter, and that despite whatever standing problems, "is now a dynamic, outward-looking destination for investors, with a strong voice in the heart of the EU and with an economy experiencing an unprecedented revival.”

In response to the same question, 62% of citizens in other EU member states state they face no problems paying bills, 28% say they encounter challenges occasionally, 9% report frequent financial management issues, and 1% did not respond

Addressing inflation requires businesses to control markups, the report points out, and authorities to intensify short-term controls against profiteering and oligopolistic practices

Based on The Economist's analysis, grounded in five economic and financial indicators (inflation, "inflation breadth," GDP, employment, and stock market performance), Greece maintains its lead in economic performance among 35 primarily affluent nations for the current year

Household consumption was bolstered due to increased employment, rising by 1.7% annually in the quarter ending in September, pushing unemployment down to 10%, a substantial improvement from 17% at the end of 2019

Despite its reserved optimism for Greece, Deutsche Bank expresses hesitancy about the Eurozone as a whole, suggesting it may experience mild recession

Delegates at the 'Capital Link Invest in Greece' annual conference in New York laid out the growing investment opportunities and the improved business climate in Greece after the country regained investment grade last month for the first time since the 2010 debt crisis.

Greece has successfully returned to the sights of significant foreign investors and investment funds, especially for a long-term placement, Vassilios Karamouzis, the general director National Bank’s (NBG) corporate and investment banking, emphasized over the weekend. Karamouzis spoke during a panel on “Large projects transforming Greece” at the 25th annual Capital Link Invest in Greece Forum […]

The Greek Ministry of Finance introduced an amendment to the tax bill, extending the reduced VAT rates until June 2024