ATHENS - Greece’s rocketing recovery from the poor child of Europe to one of its best economic performers, got another boost when Fitch Ratings lifted the country’s standing to investment grade.
ATHENS - Outstripping even Germany - the European Union’s biggest economy - in an accelerating recovery, Greece will use growing revenues to make an early repayment of 5.
ATHENS - The Greek state budget recorded a primary surplus of 6.
ATHENS - The Greek economy is projected to grow by 2.
ATHENS - The European economy needs greater and wider fiscal integration, completion of banking union and creation of a real capital markets union to deal with the new big challenges posed by climate change and the green transition, with their increased investment and financing needs, Bank of Greece governor Yannis Stournaras said on Tuesday.
ATHENS - Greece's current account deficit decreased in the January-September period year-on-year, owing to an improvement in the balance of goods, the balance of services and the secondary income account, which was offset to a degree by a worsening in the primary income account, the Bank of Greece said on Monday.
ATHENS - "The offering of 22% of shares of National Bank of Greece to foreign and Greek investors was oversubscribed and this is an extremely positive development for National Bank and the country's banking system," Minister of National Economy and Finance Kostis Hatzidakis said on Friday.
BRUSSELS - The European Commission "sees" Greece's economic growth at 2.
ATHENS - The sale of a 20% percent stake in The National Bank of Greece (NBG) by the country’s privatization fund saw a huge response from investors eager to get their hands on a piece of the central bank.
ATHENS - Greece’s economic outlook has improved notably with real GDP expanding beyond its pre-pandemic trend level, the International Monetary Fund said in its staff concluding statement of the 2023 Article IV consultation mission in Athens.
ATHENS - Hellenic Financial Stability Fund (HFSF) on Tuesday launched the book-building process to offer 20% of its equity stake in National Bank.