The Greek Deal.com
ECONOMY
Spyros Theodoropoulos
The balance of payments deficit is a cause for concern
The President of SEV, Spyros Theodoropoulos, spoke today in favour of changing the logic of development laws, speaking at the fifth conference of the Association of Institutional Investors.
Hellenic Financial Stability Fund
Last year's privatisations leave a strong legacy
The 10.4-fold overbid in the placement of NBG is a new historical record (compared to previous transactions in the banking sector in the Greek market), say sources of the Hellenic Financial Stability Fund to the Athens News Agency.
National Bank of Greece
Revenue of € 690.6 million for the State from the 10%
€690 million are the total proceeds to the state from the public offer for 10% of the National Bank of Greece, according to the final results announced by the HFSF.
Tourism
Small and medium hotels adapting to new challenges
The country's hotels seem to be ready for the new preferences of tourists, in a year when tourism is heading towards a new record, with arrivals estimated at 36 million for the whole year.
UNICREDIT
Upgrades its growth estimate for Greece to 2.3% this year
UniCredit has upgraded its forecasts for the Greek economy, predicting growth of 2.3% this year from 1.9% previously, while for 2025 it continues to expect growth of 1.7%.
Yannis Stournaras
Measures needed to attract more ships to the Greek flag
Shipping receipts, along with those from travel services, were and are necessary to cover a large part of the goods balance deficit and, by extension, the country's external financing needs, said the Governor of Bank of Greece Yannis Stournaras, speaking at the Piraeus Shipping Club.
Bank of Greece
Deposit and loan rates almost unchanged in August
The weighted average interest rates on new deposits and loans remained almost unchanged in August 2024, at 0.54% and 5.84%, respectively, according to Bank of Greece data.
Foundation for Economic & Industrial Research
How many zombie companies in Greece
A new study by the Foundation for Economic and Industrial Research shows the benefits for the Greek economy of addressing the problem of non-performing corporate debt.
Independent Authority for Public Revenues
Ultimatum to taxis for the POS stickers
Letter to the Panhellenic Taxi Federation sent by the Governor of AADE, George Pitsilis, calling to receive and deliver to motorists stickers produced at the expense of the Authority and inform passengers of the obligation of drivers to issue a receipt and accept card payments.
GREAT SEA INTERCONNECTOR
Next steps for the major interconnection between Greece and Cyprus
The Greek and Cypriot Regulatory Authorities have reached a joint decision to share 50%–50% of the geopolitical risk for the major electricity interconnection between Greece and Cyprus.
Foundation for Economic & Industrial Research
Economic sentiment indicator improves in September as industry strengthens
Economic sentiment improved in September, with the relevant index coming in at 110.2 points from around 106 points in July and August.