Economy of Greece

State Department report highlights Greece’s positive prospects

Greece has rebounded since the 2009-2018 financial crisis that saw real GDP decline by 25 percent. Modest growth began to return in 2019 and unemployment dropped from its crisis peak of 35 percent in 2013 to 12 percent in 2022, the State Department said in the 2023 Investment Climate Statements.

Private sector deposits in Greece rise again

Greek private sector bank deposits rose for the second month in a row in June, central bank data showed on Wednesday.

Business and household bank deposits rose to 189.3 billion euros at the end of June from €186.4 billion at the end of May, Bank of Greece data showed.

Greek banks' deposit inflows have been rising since the lifting of Covid restrictions last year.

ATHEX: Stock market index edges even higher

A number of energy and industrial blue chips kept the Greek stock market benchmark on a positive course on Friday, in the face of the decline of the majority of stocks and the banks index. The main index ended the week at another nine-year high through its marginal growth, which revealed fatigue on the part of traders and the resilience of some index-heavy stocks. 

Greece auctions 5-year bonds

The Greek state on Wednesday borrowed 250 million euros from the markets at an interest rate of 3.3%, by auctioning Greek bonds maturing on June 15, 2028.

During the auction, carried out by the Public Debt Management Agency, the total bids amounted to €1.046 billion.

The settlement date is Wednesday, July 26. 

ATHEX: Benchmark drop stops at 1,300 pts

In the last couple of hours of Monday's session the Greek stock market succumbed to pressure from a combination of factors that sent prices lower: The underperforming Chinese economy, the decline of other eurozone bourses and the significant losses of Coca-Cola HBC, the market's biggest stock, conspired to inflict significant losses on the Athinon Avenue benchmark that came off Friday's nine-ye