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Fitch Changes Greece’s Credit Outlook to Positive
Credit ratings company Fitch bumped Greece's credit outlook from stable to positive on Friday. The country's rating remains at BB, which is two ranks...
IMF: Economy of Greece to Bounce Back Significantly in 2022
The economy of Greece is projected to grow by 5.4 per cent in 2022, the International Monetary Fund (IMF) said.
Bank of Greece: Financial System Remained Resilient Through Pandemic
The Greek financial system remained strong throughout the Covid-19 pandemic, the Bank of Greece stated in its Financial Stability Review.
OECD Says Greek Economy to Begin Recovery in 2021 in New Report
In an overall positive report regarding the prospects for the Greek economy, the Organization for Economic Cooperation and Development (OECD) reported on Tuesday that although...
ECB: Greece Should Complete Reforms to Help Banks Reduce Bad Debt
Greece should complete the reforms needed to help banks reduce bad debt and deal with the impact of the COVID-19 pandemic, the European Central...
Worst-Case Scenario for Greece is Eight Percent Recession, Says BoG Chief
Estimates of a ten percent economic contraction this year were excessive, Bank of Greece (BoG) governor Yannis Stournaras said on Tuesday, while noting that...
Bank of Greece Forecasts Zero Growth for 2020
The Greek economy will fall to zero growth this year while it will show a significant divergence from fiscal targets for the year, the...
Kick-Starting Stalled Investments Will Give Much-Needed Boost to Greek Economy
Greece’s financial crisis is still affecting the hopes and dreams of the people that live in the country, as it has been in economic...
Greece’s Piraeus Bank Explores Asian Pacific Partner for Shipping Financing
Piraeus Bank, Greece's largest lender, announced last week that it is exploring a potential strategic partnership opportunity with a major Asian Pacific financial conglomerate,...