Greece
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Greek Economy

Greece Raises $3.4 Billion From 10-Year Bond Issue

Greece raised 3.0 billion euros ($3.4 billion) at an interest rate of 1.8 percent from the new 10-year bond issue on Wednesday. Finance Minister Christos Staikouras said the country's first bond issue of the year was a success as it...

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 below investment grade. Fitch estimated in its new report that Greece's economy grew 8.3% in 2021,...

New US Ambassador to Greece Tsunis Vows to Combat China’s Influence

George J. Tsunis, a New York attorney who is personal friend of President Joe Biden, faced confirmation hearings on Wednesday as part of his nomination as the United States Ambassador to Greece. As part of the hearings, philhellene Senator Bob...

Greece Hits Biggest Year-on-Year GDP Growth Rate in the Eurozone

Eurostat reported on Tuesday that Greece had the largest gross domestic product (GDP) growth rate in the third quarter of 2021 in the entire Eurozone. The statistics agency said that Greece's GDP increased a staggering 13.7% in the third quarter...

A New Era for Greece: Capital Link Forum to Address Economy, Investments

The prospects for the Greek economy will be at the forefront of the discussions at the Capital Link Invest in Greece Forum which will be held at the Metropolitan Club in New York on December 14, 2021. Titled "A New...

EU Revises Growth Upward, to 7.1%, for Greece in 2021

The European Commission has forecast strong growth rates of 7.1 percent in 2021 and 5.2 percent in 2022 for Greece in its autumn economic forecasts, published on Thursday. The EU's executive revised its forecasts for 2021 upwards compared to those...

Greek Economy to Grow by 7% this Year, EBRD Report Says

The Greek economy is expected to grow by 7 percent this year and by 3.9 percent in 2022, the European Bank for Reconstruction and Development (EBRD) said in its latest Regional Economic Prospects report, published on Thursday. The forecast is...

Multinational Firms Heavily Invest in Data Centers in Greece

A number of multinational firms have invested heavily in building huge data centers in Greece over the past two years. After over a decade of being at the bottom of data gathering in southwest Europe, Greece is slowly becoming...

Greek Tourism Rebounds with More than 8.6 Million Visitors in 2021

The Bank of Greece announced on Friday that more than 8.6 million tourists visited Greece from January to August this year. The bank reported that this is a 79% jump from last year's visitors in the same time frame. The...

IMF Says Greek Economy Will Grow by 6.5% This Year

The International Monetary Fund (IMF) announced on Tuesday that the Greek economy is looking at a growth rate of 6.5% by the end of 2021. The IMF detailed the country's growth for 2021 in their global economic outlook report, where...