The Greek Deal.com
ECONOMY
Kyriakos Mitsotakis
The recovery path of the Greek economy is definitive and irreversible
Prime Minister Kyriakos Mitsotakis unfolded his own broader remarks on the new productive model of Greece, presented by Development Minister Takis Theodorikakos, stressing that the course of recovery of the Greek economy is now "definitive and irreversible,".
Kostis Hatzidakis
Holding company for the development of up to 1,000 public properties
Mr. Kostis Hatzidakis, the Minister of Economy and Finance, announced the creation of holding companies for the quicker development of up to 1000 public properties.
BALANCE OF PAYMENTS
Tourism receipts fell in August as well
Tourism receipts in August were down by 1.8% compared to the same month last year, although arrivals increased by 6.6%, continuing the trend observed in July.
GREEK ECONOMY
Waiting on Fitch and Scope after S&P
The US rating agency Standard & Poor's has not spoken on Greece's rating, with the country's credit rating remaining at BBB- (the lowest investment grade level), with a positive outlook.
Hellenic Republic Asset Development Fund
2024 one of the best years since its establishment
The executives describe 2024 as a "milestone year" for the Hellenic Republic Asset Development Fund, as the best performance in its history is recorded with revenues of more than €4 billion.
S&P
Maintained BBB- investment grade for Greece
Standard and Poor's made no move yesterday evening, maintaining its BBB-investment grade rating (the lowest level of investment grade) with a positive outlook.
ELSTAT
Annual increase in retail sales in August, but decline from July
The turnover of retail trade businesses strengthened in August 2024 from the corresponding period last year, but from July 2024 it showed a significant decline, according to data released today by the Hellenic Statistical Authority.
ELSTAT
Greek industry turnover down 4.1% in August
Turnover in the manufacturing sector decreased both on an annual and monthly basis in August, according to provisional data from the Hellenic Statistical Authority.
Hellenic Competition Commission
Approval of the acquisition of joint control by More and TERNA Energy over Aeoliki
The Competition Commission has approved the creation of a joint venture through the acquisition of joint control by More and Terna Energy over Aeoliki.
Kostis Hatzidakis
GDP revision improves debt by 3.5%
Kostis Hatzidakis, the Minister of Economy and Finance, presented the advantages to the economy from the retrospective revision of the GDP that ELSTAT has carried out today.
Independent Power Transmission Operator
State Grid acquires 20% of Ariadni Interconnection
The Board of Directors of ADMIE confirmed the disposal of a 20% stake in the subsidiary Ariadni Interconnection to State Grid International Development Belgium Ltd, which had submitted a binding, improved offer in the relevant tender.