Greek daily news

Greek Daily News 03/02/2024

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ECONOMY

-Retail sales volume decreased by 5.2% in November 2023, with sales falling across the majority of store categories in the month, Hellenic Statistical Authority (ELSTAT) said on Wednesday.

-S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about 10% of Greece’s economy, rose to 54.7 in January 2024 from 51.3 in December 2023.

CAPITAL MARKET

The Athens Stock Exchange General Index (ASE) saw 5.74% gains at the end of last month, continuing its excellent run into 2024, after an impressive show in 2023 among the world’s top stock markers, as it came in 4th in January, data from Deutsche Bank and Bloomberg Finance showed.

SHIPPING

A new international tender will be held on 73 unprofitable ferry routes starting February 29, according to an announcement by the Shipping Ministry. The servicing of unprofitable routes ensures that islands retain a regular ferry service all-year round.

REAL ESTATE

One billion euros flow into the Greek real estate market last year from the high-successful “Golden Visa” program that grants residence permits to third country foreign nationals who purchase property or make investments ranging from 250,000 to 500,000 euros. Chinese nationals are the “number one” national group of property purchasers/investors, To Vima reported.