Bank of Greece

The Bank of Greece's Bank of Greece has revealed that apartment prices increased at an average annual rate of 13.4% in 2023

The state's revenues from its divestment from Piraeus Bank come to 1.35 billion euros. The public offer for 27% of the bank attracted bids of €10.7 billion in the upper range of the offer price, which was set at €4 per share.

A student protest in Athens against a bill that would allow the establishment of branches of foreign universities in Greece for the first time has turned violent.

Around 8,000 people are estimated to be participating in the city center protest, while police have so far made nine arrests.

Sales prices of residential property increased last year at an average annual rate of 13.4% throughout the country, according to data from the Bank of Greece. This is even steeper than 2022, when they had increased by 11.9%.

Apartment prices in Greece rose by 13.4% in 2023, compared to an 11.9% rise in 2022, according to data by Bank of Greece published on Tuesday.

Specifically, price inflation on the fourth quarter of 2023, compared to the same for 2022, rose by 11% for apartments less than five years old, and 12.4% for those over five years old.

If the Bank of Greece did not operate under the protection of the institutional framework of independence, after what happened in 2015, the country would have perhaps left the eurozone, Bank of Greece (BoG) Governor Yannis Stournaras said on Saturday during a Kathimerini conference on a panel titled "In the next 50 years, is democracy safe?" Is Greece reformable?" "Who doubts that if it wasn't

Τhe Bank of Greece predicts an acceleration of the growth rate of the Greek economy for 2024 and 2025, followed by a slight decline in 2026. 

In a report titled "Note on the Greek economy" published on Friday, the growth rate in 2023 is expected to come to 2.4%, accelerating marginally to 2.5% in 2024 and 2025, before dropping down to 2.3% in 2026. 

If the Bank of Greece were not independent, Greece might have exited the eurozone in 2015, Yannis Stournaras, then as now the central bank's governor, said Saturday.

Demand expectations by Greek hoteliers reached a historic high in the two months of January and February, in contrast to the rest of the Mediterranean market.

Greek central banker Yannis Stournaras is to sign a memorandum of cooperation between the Bank of Greece and the Central Bank of Cyprus on Friday.

To this end, Stournaras will visit Cyprus at the invitation of the governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, accompanied by the deputy governor of the Bank of Greece, Christina Papakonstantinou.