Economy of Greece

Greek economy surges after decade of pain

A decade ago, Greece was in the throes of a devastating debt crisis marked by years of austerity, hardship and unrest. Now, officials and investors say 2024 could be the year its rebound is finally complete.

The Greek economy is forecast to grow nearly 3% this year, approaching its pre-crisis size of 2009 and far outpacing the euro zone average of 0.8%.

ATHEX: Stock losses contained by closing bell

Athinon Avenue started the week's final session with a considerable drop in what has been the second straight week of decline for its benchmark, and saw turnover shrink further on Friday. However, it still managed to cover most of the ground lost over the course of the day to close with contained losses thanks to some of its blue chips.

Lion’s share of foreign investment in realty

Real estate was a huge draw, again, for foreign investors in 2023, accounting for almost 1 out of every 2 euros that flowed into Greece.

The Bank of Greece reported that in 2023, capital inflows from abroad reached a record high of 2.133 billion euros for the second consecutive year, compared to 1.975 billion euros in 2022, but also 1.17 billion euros in 2021.

Growth allows for more support to primary sector

As the Greek economy grows, so does the state's degree of flexibility for supporting the primary sector, Minister of Rural Development and Food Lefteris Avgenakis said on Wednesday in his message to the conference of the Panhellenic Association of Exporters on the topic "The Growing Extroversion of the Greek Economy."

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