Greek Economy
Economy
Greece Raises €3.5 Billion from 15-year Bond Issue
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...
Economy
Unemployment in Greece Falls to 10.8%
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...
Business
Greece Close to Regaining Investment Grade Status, Goldman Sachs Says
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...
Economy
Greece on the Verge of an ‘Economic Megacycle’, Barclays Says
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...
Business
S&P Upgrades Rating Outlook on Greece to Positive
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...
Economy
Greek Economy to Grow 2.2% in 2023, Central Bank Forecasts
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...
Economy
Greek Economic Growth to Exceed Eurozone Average in 2023
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...
Economy
Fitch Ratings Upgrades Greece to BB+ Outlook Stable IDR
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...
Business
New Study Highlights Deficiencies in Greek Industry
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...
Economy
OECD Lauds Greece on Recovery; Warns of Growth Slowdown
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,...