Greek Economy

Greece on Tuesday successfully completed a 15-year syndicated bond issue, raising 3.5 billion euros ($3.86 billion) at an interest rate of 4.45%. Bids submitted exceeded 13.4 billion euros, of which 11.6 billion in cash and 1.8% in bond swap. The Greek...

In May, the unemployment rate in Greece fell to 10.8% according to data released by the  Hellenic Statistical Authority on Friday. The newly released statistics are generally consistent with a trend toward lower unemployment in Greece over the past few...

On Friday, Goldman Sachs said that Greece is "on the cusp" of regaining an investment-grade rating more than 12 years after Greece's credit rating was impacted by the financial crisis. According to Goldman Sachs, the second-largest investment bank in the...

Greece is on the verge of a third economic megacycle irrespective of who wins the elections, Barclays Bank analysts forecast. The British multinational published a big report on Greece earlier in the week lauding the economic performance of Greece, which...

American credit rating agency S&P Global Ratings upgraded Greece’s sovereign credit rating outlook to positive on Friday. S&P affirmed Greece’s rating at “BB+”, that is one notch below investment grade, given also the uncertainty the upcoming general election generates. However its...

The Bank of Greece has raised its economic growth forecast for Greece this year, according to the central bank’s governor, Yannis Stournaras. Presenting the bank’s annual report on Friday, Stournaras said that the Greek economy is expected to grow by...

Greek economic growth was solid in the first half of 2022 and it is projected to continue in 2022, 2023 and 2024, surpassing the EU and the eurozone average growth rates, the European Commission said in its winter economic...

Fitch Ratings upgraded Greece's Long-Term Foreign-Currency Issuer Default Rating (IDR) to "BB+" on Friday. The previous rating was "BB". The Outlook is now Stable. The news is positive for the Greek economy, which has been on a bumpy road since...

Although the Greek economy has progressed significantly since it was plunged into the depths of financial hell during the government debt crisis of 2009, Greek industry still lags behind, according to a policy paper published late last year. The policy...

The recovery of the economy in Greece from the COVID-19 crisis was strong, supported by the continuation of reforms, the Organisation for Economic Co-operation and Development (OECD) said in an Economic Survey on Greece released on Tuesday. It warned, however,...