The Greek Deal.com
ECONOMY
Public Debt Management Agency
Around €9 billion has been raised from the markets since the beginning of 2024
The country has covered about 91% of the loan program for 2024. So far, Greece has borrowed €9.1 billion from the markets since the beginning of the year.
Kostis Hatzidakis
Significant debt reduction in the coming years
Greece aims to reduce its debt by about 20 percentage points in just four years, marking another milestone in its decade-long crisis exit, Finance Minister Kostis Hatzidakis told Bloomberg.
GEK Terna - MYTILINEOS
Undertake irrigation PPPs in Larissa and Karditsa
GEK TERNA and Mytilineos take over the irrigation PPP in Larissa and Karditsa with a total budget of €131,2 million.
Allianz Group
Financial assets of Greeks increased by 7.4% in 2023
The global financial assets of private households in Greece have grown slightly below the global average, according to the 15th edition of the Allianz Group's Global Wealth Report.
RETAIL
6.6% increase in turnover in July
Turnover in the country's retail trade businesses, which are required to keep double-entry books and for which data are available on a monthly basis, increased by 6.6% in July this year and amounted to €4.25 billion compared to €3.99 billion in July 2023.
Tourism
Overnight stays up 2.3% and 2.9% in July
A slight increase was recorded in arrivals and overnight stays according to the provisional monthly data on the traffic of hotel, camping and collective accommodation of short stay (rooms to let) for the reference month of July 2024.
National Bank of Greece
10% in the placement - The State retains 5% - 8%
BNB Daily reports that JP Morgan showed increased interest in the sale of the National Bank of Greece shares from HFSF yesterday.
Hellenic Republic Asset Development Fund
Attiki Odos is handed over to GEK Terna on 6 October
On Sunday, October 6, 2024, the Greek State will hand over the Attiki Odos motorway to the new concessionaire (New Attiki Odos S.A.), as announced today by the Ministries of Economy and Finance and Infrastructure and Transport.
Greek Banks
Red loans in Greece at 4.10% from 5.7% a year ago
Greek banks have once again emerged as "champions" in the Eurozone in terms of interest rate spreads and red loans, as the latest data released today by the European Central Bank show.
Tourism
4.2% drop in travel receipts in July - Large decrease from Germany and France
The latest data from the Bank of Greece shed light on the causes of the sudden drop in tourism revenues in July, confirming that the crisis of price sensitivity is forcing European and American travellers to cut back on their spending.
Bank of Greece
Growth of 2.3% in the second quarter, further slowing of inflation to 3%
The Greek economy continued to grow at a satisfactory pace in the second quarter of 2024, with a slightly stronger pace compared to the first quarter, the Bank of Greece said in its "Note on the Greek economy".