The Greek Deal.com
GREEK ECONOMY
Exports close to €50 billion euros in 2024
Exports increased in December 2024, as they expanded by 292.4 million euros, or 7.8%, to 4.03 billion euros compared to 3.74 billion euros in the same month of 2023.
Trade deficit increased by 7.9% in 2024
The country's trade deficit increased by 7.9% in 2024, following a 9% decline in December last year.
Steps to develop critical technologies for the green transition
The Ministry of Environment and Energy is taking a series of steps to develop critical technologies for the green transition, such as renewable gases and hydrogen.
Increasing uncertainty for the short-term course of the Greek market
An increase in uncertainty about the expected short-term course of the Greek market, compared to the end of the previous month, with fluctuations within the month, is reflected in the evolution of the KEPE's fear index.
Offers €469 million for 70% of Hellenic General Insurance
Piraeus is in exclusive discussions with CVC regarding the acquisition of Hellenic General Insurance Company.
Five interventions for competitiveness
2025 will be a year of further reduction of social security contributions and taxes for taxpayers who are consistent, said the Minister of National Economy and Finance Kostis Hatzidakis at the 8th Growth Awards Competition of Eurobank and Grant Thornton.
Appointed Ioannis Papachristou as new CEO
The Corporate Governance Council (CGB) of the GrowthFund based on its responsibilities, has decided to appoint Mr. Ioannis Papachristou for a four-year term of office effective from 4 March 2025.
Positive developments for Greece
Positive developments for Greece are noted in Allianz Trade's Atlas global country risk analysis, noting however, that there are significant challenges ahead.
Slight decrease in loan and deposit rates
In December 2024, the weighted average interest rates on new deposits and loans stood at 0.45% and 5.21%, respectively, according to Bank of Greece data, down from 0.49% and 5.27% previously.
The keys to the future profitability of Greek banks
With a lower-than-average contribution to profitability from fee income, Greek banks have less diversified revenue structures compared to European banks, says a Morningstar DBRS analysis of the sector.
Inflation in Greece pinched at 3.1%
Inflation in Greece rose to 3.1% in January from 2.9% in December, the highest level since October 2024, according to Eurostat's preliminary data.