Finance

Dividend payout ‘a milestone’

The return of Greek banks to distributing dividends to their shareholders is an important milestone for the sector as it confirms the full return to normality, rating agencies comment to Kathimerini.

This development is expected to strengthen the investment mood for their shares, they point out, something that is already becoming apparent on the board of the Athens Stock Exchange.

Discussion focuses on financing ocean economy 

The PAMEX Local Investment Finance Facility (PLIFF), together with the French Ministry of Foreign Affairs and the Hellenic-Spanish Chamber of Commerce, successfully organized a side event at the Our Ocean Conference which took place in Athens last week, titled "Financing Ocean Economy and Political Mobilization within the Mediterranean Region."

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%.

Massive discrepancy between properties for sale and rent

The number of properties listed for sale significantly outweighs those available for rent in areas with substantial housing inventory, data show, indicating a reluctance of homeowners to rent out their properties.

The trend, according to data from the Spitogatos.gr website, is most notable in the western suburbs of Athens, known for their affordability to a broad demographic.

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