Economy of Greece

The European Investment Bank (EIB) announced two new loans to Greek entities on Friday in Athens, worth more than 300 million euros between them.

Exhibitions are a significant activity for the Greek economy, with their direct and indirect revenues amounting to over 1.06 billion euros in 2022 and their contribution toward Greece's gross domestic product reaching €499 million, according to a survey commissioned and presented on Wednesday by the Greek Exhibition Industry Association (SOKEE) in Athens

There are growing indications that Greek tourism, after a record year in 2023, is headed for further growth of around 10% this year.

Greece attracted record demand on Tuesday for its first new bond since regaining investment grade.

It raised 4 billion euros from the 10-year bond with investor orders exceeding 35 billion euros.

Greece lags in the EU in terms of internet speed, despite the significant investments that have been made in recent years, according to Eurostat data for 2023.

The country comes last (with only 2.9%) In terms of the ranking of countries with the highest percentage of enterprises with "fast" connections, according to Eurostat data for 2023.

The Greek stock market managed on Tuesday to hold on to some of its mid-session gains, with the benchmark closing near the decade-high recorded on January 15. Stocks showed a mixed picture, with the gainers narrowly outnumbering decliners, the blue chip index ending with growth and banks posting a small drop.

Bulgaria has secured the second spot in the European Union for maintaining the lowest external debt relative to GDP, based on Eurostat data from the end of the third quarter of the previous year. The country's public debt stands at 21%, making it one of the most fiscally disciplined nations in the EU.

Bank stocks and a number of other blue chips worked toward a significant increase of the main index at Athinon Avenue on Monday. The benchmark is returning close to its decade highs recorded earlier this month, helped also by mid-caps, which outperformed on the day.

The prospects of the Greek luxury housing market remain particularly positive for 2024, based on a relevant report by Sotheby's International Realty, which analyzes the picture in 83 markets internationally.

Greek-owned shipping companies made investments in new and used ships of the order of 27 billion dollars last year, as they invest in the renewal of the Greek-owned fleet. No other nationality made a greater investment in 2023.