The Greek Deal.com
ECONOMY
Kostis Hatzidakis
A robust banking system with competition for the benefit of consumers
The Minister praised the efforts of export companies, noting the broader positive results for employment and the country's image internationally, while underlining the actions on the part of the government to support exports.
EUROSTAT
Inflation in Greece at 3% - Rise to 2.3% in the Eurozone
Harmonised inflation in Greece is estimated at 3% in November, showing a marginal decline from 3.1% in October.
ELSTAT
Unemployment at 9.8% in October
The seasonally adjusted unemployment rate reached 9.8% in October 2024, according to data released by ELSTAT on Friday.
GOLDMAN SACHS
Bullish on the Greek economy and Southern Europe
Goldman Sachs maintains its positive stance on the economies of Spain, Portugal, and Greece for 2025 in a recent report.
HOTELS
Occupancy up 1.6% in ten months in Athens region
An increase in demand of 2.2% was recorded in October for the first time after a five-month period with a negative sign in the occupancy rate of Athens hotels, compared to the corresponding month of 2023, thus setting a positive sign for the 10-month period of 2024 (+1.6%).
Foundation for Economic & Industrial Research
Notable progress in fiscal consolidation - Productivity is a critical challenge
Despite the difficulties, the Greek economy in 2023 showed signs of resilience, supported by prudent fiscal policies and modest productivity growth, according to the KEPE in the 2024 annual report of the National Productivity Council of Greece.
ΒΑΝΚ OF GREECE
€2.25 billion decrease in deposits - Increase in business loans
Private sector deposits decreased by €2.258 billion in October 2024, compared to an increase of €2.324 billion in the previous month, according to Bank of Greece data.
ESM
Green light to Greece for early repayment of GLF loans
The Boards of Directors of the European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF) today agreed to waive the ESM/EFSF loan repayment obligation linked to an early repayment of Greek Loan Facility (GLF) loans.
Greek Banks
Deutsche Bank and Ambrosia Capital upgraded the target prices
Deutsche Bank and Ambrosia Capital upgraded the target prices of the four systemic banks with a "buy" recommendation.
Independent Power Transmission Operator
The next steps for electrical interconnection with Saudi Arabia
The President and CEO of IPTO, Mr. Manos Manousakis, referred to the steps of cooperation leading to the rapid maturation of the new electricity interconnection between Greece and Saudi Arabia, Saudi Greek Interconnection, during his speech at the 13th Arab-Hellenic Economic Forum.
Nikos Papathanasis
Greece presents a enviable fiscal picture in Europe
Deputy Minister of Economy and Finance Nikos Papathanasis referred to the evaluation of the greek fiscal programme from the EU, closing the last meeting of the Finance Committee of the Parliament, which examined the 2025 State Budget.