The Greek Deal.com
ECONOMY
Eurobank
Greek economy in expansion phase - Exogenous risks intensify
The Greek economy, after the negative disruption of the pandemic, which in national accounts terms was mainly reflected in the 2020 data (real GDP fell by 9.3% annually), is in an expansion phase, according to Eurobank's 7 Days Economy.
Nikos Papathanasis
Greece second in the world in the best tender procedures through PPPs
Greece has been ranked 2nd in the world in the field of best tendering procedures for public-private partnership (PPP) projects according to the World Bank's "Benchmarking Infrastructure Development 2024" report, announced the Deputy Minister of Economy and Finance, Nikos Papathanasis.
ELSTAT
€415.5 billion in business turnover in 2022 - Annual growth of 29.3%
In 2022, the total turnover of enterprises operating in the country in the sectors of industry, construction, trade and services amounted to €415.5 billion, while the production value and gross value added amounted to €271 and €90.9 billion, respectively, based on ELSTAT data.
Bank of Greece
Private sector deposits increased by €1.4 billion
The annual rate of change in total deposits increased to 1.9% from 1.4% in the previous month, according to Bank of Greece data, while private sector deposits in particular increased by €1.4 billion in August 2024, compared with a decline of €607 million in the previous month.
PAPER INDUSTRY
Turnover at €2.13 billion euros in 2023
The economic footprint of the paper industry as well as the prospects and the main challenges for its further development are highlighted in the study presented by the Foundation for Economic & Industrial Research (IOBE) for the Association of Paper Industries of Greece.
Ministry of Finance
€7.6 billion surplus in the eight months of 2024
The state budget showed a strong overperformance of tax revenues, which were up by €1.899 billion or 4.6% against the target, in January-August
Growthfund
Sovereign Wealth Fund established - BlackRock as advisor
The strategy for its transformation as the Sovereign Wealth Fund is being implemented by the Growth Fund, aiming to maximise public wealth by establishing a new specialised subsidiary that will invest in key economic sectors in Greece.
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.