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Bank of Greece

Greek Tourism on Track for Record Setting Year

Greek tourism is on track for a record year, confirming the industry’s role as the driver of the country’s economy, the latest data from the Bank of Greece show. According to official data, the country welcomed a total of 5.76...

Bank of Greece Sees 2.2% Growth in 2023, 3% in 2024

The Bank of Greece (BoG) sees an acceleration of recovery in Greece after 2023 with growth projected at 2.2% in 2023, 3% in 2024, and 2.7% in 2025. According to its projections, included in its annual Monetary Policy Report 2022-2023...

Greek Economy to Grow 2.2% in 2023, Central Bank Forecasts

The Bank of Greece has raised its economic growth forecast for Greece this year, according to the central bank’s governor, Yannis Stournaras. Presenting the bank’s annual report on Friday, Stournaras said that the Greek economy is expected to grow by...

Tourist Season in Greece Kicks Off Earlier Than Ever

The tourist season opened in Greece on Saturday earlier than ever with the first charter flights carrying British tourists arriving at Rhodes. The first international flight from London's Heathrow landed at midday on Saturday, followed by one from Gatwick airport...

Tourism Receipts in Greece Rise to Pre-Pandemic Levels

The Bank of Greece reported on Wednesday that receipts from tourism in 2022 surpassed initial forecasts by 2.6 billion euros, reaching 17.6 million. Total travel revenues in 2022 did not exceed those of the last full year before the pandemic,...

Speaking English Using Only Greek Words: Zolotas’ Historic Speech

Many Greeks recall the speeches in English — peppered with Greek-origin words and phrases — given by economist and politician Xenophon Zolotas in the late 1950s. Zolotas was director of the Bank of Greece when he appeared in front of...

Real Estate, Golden Visa Demand Skyrocket in Greece

The Golden Visa program of Greece is the most popular in Europe, as rich non-EU citizens are lining up to get theirs for a minimum investment of 250,000 euros ($244,300) that will be doubled. According to a recent survey provided...

Apartment Prices in Greece Skyrocket

Apartment prices in Greece have skyrocketed, estimated that in the second quarter of 2021 nominal prices increased by an average 4.6 percent

Greek Economy to Grow by 4.3 Percent in 2021, Says EU

The Greek economy is expected to grow by 4.3 percent in 2021 and by 6 percent in 2022, the European Commission said in its forecast report.

Bank of Greece Insists on 4.2% Economic Growth for 2021

The Bank of Greece (BoG) said on Monday that economic growth will reach 4.2 percent this year, as it had also forecast in its previous report