The Greek Deal.com
ECONOMY
IOBE
Slight decline in economic climate in November
Τhe Economic Senriment index declined in November and stood at 106.2 units, down from 106.6 units in October
Christmas Basket
Premiere on December 13th
A "Christmas Basket" in supermarkets designed to give consumers access to more affordable seasonal goods for the holidays is scheduled to be launched on December 13
K. Hatzidakis
Greek economy’s credit rating upgrade by Fitch is an important national success
The upgrade sets the stage for stronger investment inflows, improved financing conditions for the economy, growth and increased employment, said mr. Hatzidakis.
Fitch
Upgrades Greece to investment grade
Fitch has put Greece back to investment grade status, upgrading the country's long-term foreign-currency issuer default rating (IDR) to 'BBB-' from 'BB+', with a stable outlook
P. Marinakis
Greek economy is "very resilient"
"Our country is taking part in the Conference as a global protagonist, as studies place it among the top countries globally in the use of renewable energy sources" Mr. Marinakis said.
Unemployment
In single - digit percentage in October - Falls to 9.6%
According to ELSTAT data, the employed individuals amounted to 4,257,939 people, indicating an increase of 145,353 individuals compared to October 2022
Eurostat
Inflation in Greece falls to 3% in November
In Greece, inflation also experienced a notable slowdown, dropping to 3% from October's 3.8%.
PDMA
Winner of the Best Sovereign Risk Manager of the Year Award
The award was granted for the successful and forward-looking risk management policy implemented by PDMA, primarily aimed at mitigating interest rate risk in an environment of globally rising interest rates
A. Sdoukou
Natural gas export potential will be quadrupled
A. Sdoukou stressed the role of LNG in ensuring the energy supply after the war in Ukraine.
Y. Stournaras
Revises the growth rate to 2.5% for 2024
According to a report by Politico, in an interview with Bank of Greece Governor Yannis Stournaras, he stated that, according to the current estimates of the Bank, the Greek economy is expected to grow at a rate of 2.4%
European Commission
Endorses positive preliminary assessment of greeces request for €3,64 billion disbursement
The European Commission endorsed a positive preliminary assessment of Greece's third payment request of 3.64 billion euros (1.69 bln in grants and 1.95 bln in loans), under the Recovery & Resilience Facility (RRF).