A significant part of the difference in relation to the target was due to an increase of cash revenue from the Public Investments Programme by 612 million euros and from the rollover of military procurement payments to 2025.
Inflationary pressures, however, are present, mainly triggered by the services sector, while no one can rule out a sharp increase in energy and food prices in the near future, given the fragile geopolitical environment and the impact of the climate crisis.
The Prime Minister at the 3rd Greek Investment Conference organized by Morgan Stanley in collaboration with the Athens Stock Exchange
By 2026, the reduction in public debt is expected to bring it close to 140% of GDP.
Over six in ten (65%) of households said that their financial situation worsened over the past year
The country remained in the same spot from last year's list and is sandwiched between Belgium (26th) and Denmark (28th). For the 11th year in a row, Estonia ranked 1st on the Index
Additionally, a 300 million euro Guarantee Fund will be created with the European Investment Bank, leading to 1.5 billion euros in leverage
For 2024, the growth rate of the Greek economy is now expected to reach 2.14%, up from the previous estimate of 2.09%
Karavias also noted that the extended delay in dividend distribution underscores the severity of the Greek financial crisis and the difficulties faced by the banking sector. However, the recent approval of dividends by regulatory authorities is seen as a positive sign of the sector’s return to normalcy and reflects growing confidence in the future of Greece’s banking industry and overall economy.
The Greek government has issued a stern warning to banks, threatening state intervention unless they decrease the fees they impose on clients for various banking services.
The European Central Bank is expected to approve a request by Greek banks to resume the payment of dividends after 16 years, four bankers told Reuters on Wednesday, a further sign of the sector’s rebound.
Fitch cited Greece's ratings reflect income per capita levels and governance indicators that are well above the 'BBB' median, as well as policy credibility supported by EU and eurozone membership
Greece's GDP is expected to grow from 2.0% in 2023 to 2.3% in 2024 and 2.6% in 2025, the European Bank for Reconstruction and Development (EBRD) said in a report on Wednesday.
