ECONOMY

Capital inflow at 1.5 bln since MSCI’s emerging market decision

There has been an inflow of 1.5 billion euros in capital since a June decision to downgrade Greece to an emerging market, Naftemporiki newspaper reported on Monday.

Since the announcement, market capitalization has increased by 33 percent, said Naftemporiki.

Greece became the first developed nation to be cut to emerging-market status by MSCI Inc. (MSCI) after the local stock index plunged by more than 80 percent since 2007.