
This is AXIA’s first assessment of the election result, which at the same time points out that with a strong parliamentary majority, the government is expected to move quickly on its agenda without obstacles, with the acquisition of investment grade at the forefront of its objectives and indeed with a strong the likelihood of reaching this goal sooner.
The election result paves the way for Kyriakos Mitsotakis to implement bolder, pro-growth and pro-market reforms aimed at transforming the country.
Furthermore, in relation to the composition of the new Parliament, it talks about a change in the political scene, without strong parties in the opposition, and it does not fail to point out, like the international press, the “unexpected explosion” of the percentages of the parties sitting to the right of New Democracy.
As for SYRIZA, AXIA observes: “it remains to be seen whether he will try to reinvent itself and whether PASOK, a social democratic party, will be able to build momentum.”
Given the positive catalysts coming, such as the recovery fund, increased private investment, a stronger financial sector and the advantageous position of specific sectors such as tourism and energy, the Greek economy is expected to maintain strong growth in the coming years, AXIA predicts.
In addition, the budget is projected to maintain primary surpluses, leading to a reduction in the debt-to-GDP ratio.
Thus, it is possible that Greece will obtain investment grade status earlier and probably by the last quarter of 2023, the investment bank estimates.
IT also points out that the victory of New Democracy has inspired confidence in the market, with Greek stocks rising and Greek government bonds already trading as if the country has regained investment grade.
According to ΑXIA analysts, the investment will open the door to new inflows to the country’s assets, and to the Athens Stock Exchange.
Investor confidence
In any case, concludes the investment bank’s first note on the outcome of the Greek elections, the country is experiencing a growth cycle and despite the positive performance so far, we believe that the prospects have not yet been fully reflected in the market.
Favorable political developments (strong government, no political risk), combined with strong economic dynamics, the prospect of the Greek economy gaining investment grade status and attractive valuations, strengthen investors’ confidence in the Greek market.


Latest News

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

Evangelos Marinakis: Proud of Diaspora Greeks, ‘Who’re All Together, United’
Marinakis, an Honorary Grand Marshal of the 86th Greek Independence Parade on Sunday, was touched by his contacts in New York City with members of the Greek-American community, where he spoke fondly of the Diaspora: ‘Twice as Greek, Twice over as Olympiacos fans'

Stirring 86th Greek Independence Day Parade Down 5th Ave. Evangelos Marinakis an Honorary Grand Marshal
According to NYPD sources, the 2025 parade is expected to be one of the biggest in recent memory, with some 120 groups with 52 floats and 15 marching bands paraded from 64th to 79th streets along renowned Fifth Avenue

PM Mitsotakis Highlights Chevron’s Interest in Greek EEZ in Weekly Review
“The interest from Chevron is important because a leading American multinational chooses to invest in Greek maritime plots, thus practically recognizing Greece's EEZ in the area,” the prime minister said.