“The rating “S&P Global Ratings” agency today proceeded to upgrade the creditworthiness of Greece, by one notch. Thus, it becomes the third rating house, and the second of the ones eligible by the European Central Bank, which places the country just a “step” before the investment level,” noted Minister of Finance, Christos Staikouras.
“This is the 9th – in a row – upgrade of the Greek economy in the last two and a half years, despite the successive and repeated crises. The above positive development is a result – and, at the same time, a culmination – of prudent fiscal policy, prudent bond issuing strategy, high cash flow, the implementation of structural changes, the improvement of the quality of the country’s wealth through increased investment and exports, the reduction of “red” loans in the portfolios of banks, the reduction of unemployment, the improvement of the competitiveness of the economy.
However, we do not ignore the great challenges, the risks and the new data that are shaping the recent international developments. That is why we continue with responsibility and prudence to support households and businesses to the best of our ability, while remaining faithful to our central goal of achieving strong and sustainable growth, creating many good jobs and further enhancing social cohesion. ” , Mr. Staikouras concluded.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
Store Hours Change Today in Observation of Orthodox Easter
The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital
Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year
Council of State Rejects Motion Against Thessaloniki Motorway Project
The motion was filed earlier this month by three local citizens’ and environmental groups and generated a high court decision for a temporary stay in construction
Greek 30Y Bond Issue Oversubscribed by 11 Times
Very high demand pushed down the coupon's interest rate to 4.125%
Athens Int’l Airport Wins Top Prize at Routes Europe Awards
The Routes business is focused entirely on aviation route development and the company's portfolio includes events, media and online businesses
IOBE: Income Gap Between Poor and Wealthy Greeks Widens
The findings in the analysis, entitled “Progressivity in Income Taxation in Greece, 2012-2021", paint a bleak picture for Greeks in the bottom half of the income bracket, warning that income inequality is growing
