
Greek Prime Minister Kyriakos Mitsotakis offered up four primary reasons, as he said, for his heightened optimism over the future of the country’s economy, as his center-right government is now banking – and heavily investing its “political capital” -on a strong post-pandemic recovery in all sectors.
Mitsotakis spoke at an Economist conference in Athens.
The four points he cited were an increase in bank deposits in Greece, which now correspond to 14 percent of GDP, with an large chunk of the increased deposits expected to fuel a rise in consumer spending.
His second point was the Greece2.0 plan, as it has been billed, based on seven billion euros worth of funding the country will receive from the EU’s recovery and resilience scheme, a figure he forecast will boost GDP by 7 percent over a seven-year period.
Mitsotakis said Greece’s sovereign borrowing with record low interest rates is the third reason, while the fourth is structural reforms being pushed through by the government, even amid the pandemic, such as the digitalization of state services, remote work, a more flexible labor market framework and the emergence of Greece as an investment destination.
“Greeks today pay less in taxes; they pay less in social security contributions. Our borders are being guarded as European borders, and this was accompanied while the planet was under attack from the coronavirus,” he said, adding that the Greek economy withstood the crisis and is ready to recover.


Latest News

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)

Santorini Safe and Ready for a Dynamic Tourism Season
Authenticity, cultural heritage, and genuine experiences at the center of Santorini's new promotional campaign

Electricity Bills: Greece Announces Reduced Tariffs Schedule
Greece will now offer lower electricity rates between 11:00-15:00 and 02:00-04:00

Chevron Confirms Eyeing Natural Gas Exploration South of Crete
Chevron recently declared its intent to explore a third area, south of the Peloponnese.

Evangelos Marinakis: A time of change from which shipping can benefit
Speaking at the 19th Annual Capital Link International Shipping Forum Evangelos Marinakis stressed the challenges that shipping faces today

Retail Trade in Greece Up 2.5% in December 2024: ELSTAT
In January 2025, the General Turnover Index recorded a 2.5% increase compared to January 2024. Compared to December 2024, it recorded a significant decline of 18.4%

Greek Fruit and Vegetable Exports Surge
Greek exporters have expressed concerns over a new draft law in Bulgaria that mandates at least 50% of products in stores to be of Bulgarian origin.

Trump Tower in Greece? Speculation Grows Over Potential Investment
In 2007, the Trump Organization explored the possibility of constructing a skyscraper complex and casino at the former Ellinikon Airport site in Athens

Was Aristidis Alafouzos, CEO of Okeanis Eco Tankers, cheering over extra earnings from carrying ‘sanctioned’ Russian oil?
Okeanis CEO Aristidis Alafouzos tried to give assurances that the company was not carrying sanctioned Russian oil - Recently published data point to the opposite

Tax Filing in Greece Surpasses Expectations
Taxpayers who submit their returns by April 30 will benefit from an increased tax discount of 4% if they opt for a lump-sum payment by July 31, 2025