The Greek Deal.com
ECONOMY
K. SKREKAS
Fines of €670,000 imposed on two debt collection companies
Heavy fines totaling €670.000 were imposed on two debt collection companies by the Ministry of Development.
K. Hatzidakis
Six challenges for the Greek economy in 2024
The Greek economy's six challenges for 2024 were highlighted by the Fin Minister Kostis Hatzidakis
BoG
Deposit and loan interest rates increased in October
In October 2023, the weighted average interest rate on new deposits increased to 0.46%, while the corresponding interest rate on new loans remained almost unchanged at 6.17%.
IOBE
Slight decline in economic climate in November
Τhe Economic Senriment index declined in November and stood at 106.2 units, down from 106.6 units in October
Christmas Basket
Premiere on December 13th
A "Christmas Basket" in supermarkets designed to give consumers access to more affordable seasonal goods for the holidays is scheduled to be launched on December 13
K. Hatzidakis
Greek economy’s credit rating upgrade by Fitch is an important national success
The upgrade sets the stage for stronger investment inflows, improved financing conditions for the economy, growth and increased employment, said mr. Hatzidakis.
Fitch
Upgrades Greece to investment grade
Fitch has put Greece back to investment grade status, upgrading the country's long-term foreign-currency issuer default rating (IDR) to 'BBB-' from 'BB+', with a stable outlook
P. Marinakis
Greek economy is "very resilient"
"Our country is taking part in the Conference as a global protagonist, as studies place it among the top countries globally in the use of renewable energy sources" Mr. Marinakis said.
Unemployment
In single - digit percentage in October - Falls to 9.6%
According to ELSTAT data, the employed individuals amounted to 4,257,939 people, indicating an increase of 145,353 individuals compared to October 2022
Eurostat
Inflation in Greece falls to 3% in November
In Greece, inflation also experienced a notable slowdown, dropping to 3% from October's 3.8%.
PDMA
Winner of the Best Sovereign Risk Manager of the Year Award
The award was granted for the successful and forward-looking risk management policy implemented by PDMA, primarily aimed at mitigating interest rate risk in an environment of globally rising interest rates