Yannis Stournaras addressed the 'Risk Management & Compliance Conference' as a keynote speaker on Monday

Labor market conditions also continued to improve in the first half of this year, as the unemployment rate fell to 9.6% in June, the lowest in 15 years.

For 2024, the growth rate of the Greek economy is now expected to reach 2.14%, up from the previous estimate of 2.09%.

At present, Moody’s rates Greece at Ba1, one notch below investment grade, with a stable outlook for reassessment.

Central Greece, Western Greece, and the Peloponnese are particularly susceptible to forest fires, while Eastern Macedonia and Thrace are vulnerable due to disparities in per capita GDP. Attica stands out for its extreme vulnerability due to high population density.

More than half of Greek CEOs (54%) express high confidence in their company’s growth potential

Three of the four bankers have already announced dividends for 2023's results, the first such distribution of profits after three successive bailouts

JP Morgan's economic forecasts for Greece remain steady, projecting growth of 2.2% for the year alongside inflation at 2.8%.

Mitsotakis highlighted the country’s fiscal success

Goldman Sachs sees an upgrade of the Greek stock market

Can Greece make money by protecting its marine environment?

However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.

However, the report points to a persistent challenge in the form of commercial credit risk, which remains high at 8 out of 10, ranking Greece 104th internationally

Greece’s Energy Ministry is pushing legislation to accelerate the construction of the first floating wind farms in Greek seas

Nevertheless, the article also highlights some of the challenges facing the country, with a falling birthrate and labor shortages posing a threat to the long-term outlook, whereas natural disasters partially attributed to climate change, such as major wildfires and unprecedented flooding, are straining state finances

In the light of Iran’s attack on Israel earlier on Sunday, President of Piraeus Chamber of Commerce and Industry (EBEP) Vassilis Korkidis warned that the week ahead will find the global economic community in a similar “state of war,” as the incident will set off chain reactions in foreign stock exchanges and markets, as well as […]