Τhe Greek economy is expected to grow by 3.7% in 2021 and by 5.9 pct in 2022, Citigroup said in a report on Wednesday, while the economy contracted less than anticipated in 2020 (-8.0 pct from -10 pct the median forecast and Citi’s -9.2 pct forecast), Giada Giani, a US bank’s economist said.
Greece is supposed to be the third most benefited country from the EU’s Recovery Fund (following Bulgaria and Croatia), with its funds capable of boosting the country’s annual GDP by 1.5 pct by 2025.On the other hand, the country’s fiscal surplus of 1.5 pct of GDP in 2019 turned to a deficit of around 11 pct in 2020 because of the pandemic, while Greek bonds’ purchases by the European Central Bank supported the country’s borrowing cost and contributed in facilitating financial conditions in the country.Long-term challenges still remain, however, with growth outlook weak despite economic reforms, due to negative demographics and the coutnry’s limited export competitiveness, although Recovery Fund’s money could really improve the business environment, boosting the dynamics of the economy.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Mitsotakis: Greece-Israel Strategic Ties Increase Stability in East Med
Greek Prime Minister Kyriakos Mitsotakis made the statement in welcoming Israeli Foreign Minister Gideon Sa'ar to his office on Thursday
Conference Tourism in Greece Targets €6-7BLN
Currently, the Greek conference tourism generates €2 billion in revenue, ranking 47th globally in terms of total turnover in the international conference industry
Greece 2nd Last in Employment Prospects in EU: ManpowerGroup Report
Contrary to the global average, Greece’s employment prospects are strongest in the consumer goods and services sector
Greece Returns to Markets Reopening 15- and 30-Year Bonds
Pricing of the new bonds is expected to be finalized today, March 13, with settlement anticipated on March 20
Research in Greece : Wasted Talent, Missed Opportunities
The symposium made one thing clear: Greece possesses the intellectual capital to compete globally, but without decisive policy reforms, its research potential will continue to be squandered.
Greek Education Ministry to Launch Free Audiobook App eVivlio
The eVivlio app offers free access to audiobooks by Greek and international authors, narrated by well-known actors.
Greece Emerges as a Top Destination for Luxury Real Estate
Greece’s appeal is driven by its competitive pricing compared to other luxury markets, such as the French and Italian Rivieras.
Greek Trade Deficit at €2.8 Billion in January: ELSTAT
The Greek trade deficit amounted to €2.8 billion in January, according to data from the Hellenic Statistical Authority (ELSTAT).
How to Buy Your First Home Tax Free In Greece
Greece's tax authority has compiled a guide addressing the most common questions regarding the transfer tax exemption for first-time home purchases.
Greece’s Inflation Eases to 2.5% in February, but Key Costs Still Soar
The data shows significant price increases in certain sectors, with hotels seeing a rise of 17.5%, air travel prices going up by 10.8%, rent rising by 9.9%, and health insurance premiums climbing by 7%.
![Ξενοδοχεία: Άλμα 40% στις αξίες την τελευταία τετραετία – Πανευρωπαϊκή πρωτιά [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/10/ksenodoxio-90x90.jpg)
![Επανεξέταση καταλογιστικών πράξεων της φορολογικής διοίκησης [ΣΤ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/timologia1-7-600x397.jpg)
![Ξενοδοχεία: Άλμα 40% στις αξίες την τελευταία τετραετία – Πανευρωπαϊκή πρωτιά [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/10/ksenodoxio-600x399.jpg)
