Greek Economy

The port of Piraeus in Greece has risen to eighth place among the world's largest shipping centres, according to the latest data from the Xinhua-Baltic Index. Piraeus in the Athens metropolitan area is home to the globe's largest fleet management....

Late Friday, the ratings firm Moody's gave Greece's economy a significant vote of confidence by raising the country's credit rating by two notches. Moody's said it was upgrading Greece's rating from Ba3 to Ba1, with a stable outlook. It stopped...

The Greek economy recorded a growth rate of 2.7 percent in the second quarter of 2023 compared to the same period in 2022, according to data compiled by the Hellenic Statistical Authority (ELSTAT). ELSTAT data indicate that, on an annual...

Greece has became a European champion in regards of tax-free shopping against the background of the turbulent economic situation in the world. The country has become the favored destination for duty-free purchases by visitors from third countries. Although there...

Greece has become the best choice for investment in emerging markets, said Marshall Stocker, co-head of emerging markets at Morgan Stanley. As Stocker stated on CNBC's Squawk Box, this was due to "the improvement in the economic institutions that the...

The international tourism industry is in relatively good shape, with high demand, despite rising prices, analysts have noted. Some economic forecasters predicted that the post-pandemic travel boom would start to slow down, especially with high-ticket prices. Thus far, however, demand...

Scope, the leading European provider for credit ratings, raised Greece's rating to investment grade on Friday. Scope upgraded Greece's long-term local- and foreign-currency issuer and senior unsecured debt ratings to BBB-, from BB+, and revised associated outlooks to stable, from...

The Japanese rating agency Rating and Investment Information (R&I) announced on Monday that it has raised the Greek economy rating to investment grade BBB-, with a stable outlook. The investment grade is considered a harbinger of new upgrades by rating...

On Wednesday, the United States Department of State released Investment Climate Statements, including a report on Greece. The Investment Climate reports offer valuable insights to US enterprises, enabling them to make well-informed business choices. The reports provide current and comprehensive...

Greece on Tuesday successfully completed a 15-year syndicated bond issue, raising 3.5 billion euros ($3.86 billion) at an interest rate of 4.45%. Bids submitted exceeded 13.4 billion euros, of which 11.6 billion in cash and 1.8% in bond swap. The Greek...