The Greek Deal.com
ECONOMY
Public Debt Management Agency
Plans to raise up to €8 billion from the markets
Greece plans to raise up to 8 billion euros from the markets through new sovereign bond issues in 2025, according to the head of the Public Debt Management Agency (PEMA), covering about three-quarters of its annual financing needs, Bloomberg reports.
OECD
Tax revenues at 39.8% of Greece's GDP in 2023
Greece has one of the highest ratios of tax revenues to gross domestic product for 2023 among the 29 countries monitored by the Organisation for Economic Co-operation and Development (OECD), according to a report published today (Thursday).
Kyriakos Mitsotakis
The Decarbonisation Fund will facilitate the islands' green transition
Prime Minister Kyriakos Mitsotakis was present at the signing ceremony for the establishment of the Island Decarbonisation Fund, held in Naxos.
Tourism
Arrivals exceeded 5 million in September
Arrivals reached 5,024,857 arrivals and 22,971,551 overnight stays in the country's tourist accommodation in September this year, an increase of 2.7% in arrivals and 3.4% in overnight stays compared to the corresponding month of 2023.
UBS
Expects significant growth in the Greek economy
UBS expects significant growth in the Greek economy, according to a report. The analysts note that growth rates will increase to 2.8% in 2025 from 2.5% in 2024, while they expect debt reduction to continue.
BUDGET
Submitted to Parliament from Minister of Finance
The Minister of National Economy and Finance, Konstantinos Hatzidakis, submitted the 2025 State Budget to the Plenary Session.
Industrial Turnover
Decreased by 7.9% in September 2024
The general turnover index in industry (total domestic and external market) decreased by 7.9% in September 2024, compared to the corresponding index of September 2023, compared to a decrease of 5.3% in September 2023 compared to September 2022.
Bank of Greece
Travel receipts increased in September after two months of decline
Encouraging are the figures for travel receipts in September, which after two months of decline recorded an increase, improving the balance of services to €3.6 billion, according to Bank of Greece data.
Public Debt Management Agency
Re-issues 10-year bond - Aiming to raise €250 million
The Greek government is going to the markets, as it has scheduled an auction for tomorrow, Wednesday, November 20, 2024, for the re-issuance of a 10-year government bond, maturing on June 15, 2034.
Bank of Greece
Primary cash surplus of €13.4 billion in 10 months
The cash result of the central administration, on a cash basis, showed a surplus of more than €7 billion in January-October compared to the corresponding period of 2023.
EUROSTAT
Inflation in Greece at 3.1% in October
Annual inflation in Greece stood at 3.1% in October last year, according to Eurostat data, unchanged from September. It was down compared to October 2023, when it stood at 3.8%.