Greece’s economy will grow by nearly 6% in 2022, even with severe energy shortages toward the end of the year, driven by booming tourism and investments, Prague-based investment Wood & Company believes.

03.08.2022 / 13:29

Greece may not be at risk of persistent inflation, at least not to the extent that other EU countries face, but is more vulnerable to the risk of stagflation – inflation combined with low growth – and this could affect its credit, rating agency Moody’s says.

02.08.2022 / 22:46

The energy supply crisis and rising inflation are endangering the prospects of projects partly financed through the European Union’s Recovery and Resilience Facility, a report by Bank of America warns.

01.08.2022 / 18:15

Bank of Greece Governor Yannis Stournaras last week became the first member of the European Central Bank’s Governing Council to acknowledge that the recession may end the rate hike cycle.

28.07.2022 / 21:20

2022 is evolving better than the Bank of Greece forecast for the Greek economy, thanks to the very good performances of tourism, with revenues expected to surpass even the record-breaking year 2019, central banker Yannis Stournaras said on Wednesday, announcing a revision to growth forecasts.

28.07.2022 / 17:47

Moody’s on Wednesday issued a warning on the fiscal effects of climate change, arguing that fires and droughts will boost inflation and government spending, hurt tourism and slow growth, developments that are credit-negative for more exposed countries, such as Greece.

27.07.2022 / 22:00

The favorable scenario is now becoming the main one for Greece, says a new report by Moody’s Analytics, estimating that the Greek economy will record the third highest growth rate in the eurozone this year, amounting to 5.7%.

26.07.2022 / 21:58

Greek bonds registered a rally on Monday, despite the pressure on the rest of the eurozone, with Greece‘s borrowing costs reverting near 3%, having now retreated below Italy’s.

08.07.2022 / 09:24

The European Central Bank’s proper planning and the implementation of an anti-fragmentation instrument should bolster Greece’s rating, Scope Ratings tells Kathimerini.

05.07.2022 / 19:27

As the first rate hikes in the eurozone in 11 years approach, the European Central Bank is deploying its first line of “defense”, the flexible reinvestment of the PEPP program which was activated on July 1, putting more weight on supporting the bonds of the South, partly via “financing” from the bonds of the North.

01.07.2022 / 09:12

Greece has not abandoned its plan to issue the first green bond in the history of the Greek state this year, but there are many challenges given the current conditions in the markets, Finance Minister Christos Staikouras and Public Debt Management Agency General Director Dimitris Tsakonas said on Wednesday.

30.06.2022 / 17:30

The new anti-fragmentation program of the European Central Bank will reduce the rising borrowing costs of vulnerable countries in the eurozone, such as Greece, while keeping the pressure on governments to pursue prudent fiscal policy, as it will contain relevant conditions, according to ECB head Christine Lagarde.

24.06.2022 / 08:23

The government’s goal remains attaining investment grade in 2023, with analysts estimating that it remains feasible, despite the rising cost of debt refinancing caused by the normalization of monetary policy.

18.06.2022 / 04:00

Eurozone bond yields and spreads plummeted sharply on Friday, following statements by European Central Bank head Christine Lagarde about the new anti-fragmentation tool.

16.06.2022 / 18:28

The European Central Bank reacted on Wednesday to soaring bond yields – primarily in Mediterranean member-states such as Greece – and its intervention had an immediate impact on the markets.