Greek Daily News 09/11/2023

ECONOMY

-Greek exports stood at 38.0 billion euros in January-September 2023, down 6.4% on an annual basis when they amounted to 40.6 billion euros, according to the Hellenic Statistical Authority.

-Swiss banking giant UBS sees Greek GDP growing by 3% in both 2024 and 2025 while inflation is expected at 2.5% next year, and 2% in 2025.

-The ratio of non-performing loans (NPLs) to total loans fell marginally to 8.6% in June 2023, from 8.7% in December 2022, according to the Bank of Greece (BoG) Financial Stability Report.

-In Greece, 53% of consumers say they are willing to choose Buy Now, Pay Later (BNPL) services over credit cards, Klarna’s new “Q3 Shopping Pulse Report 2023” survey revealed.

-After the fines imposed by the government on two multinationals for excessive profit, the Board of the Consumers’ Institute (IN.KA.) in Greece decided and calls on consumers to boycott the companies Unilever and Procter & Gamble from 13 to 19 November 2023.

CAPITAL MARKET

The Athens Exchange (ATHEX) general index closed at 1,216.91 points on Thursday down 0.83% from Wednesday’s trading session.

SHIPPING

After a two-year period of slowdown, the Greek shipowners are increasing the rate of new shipbuilding projects, Naftemporiki reported. Greek shipowners’ orders have risen 53% in 2023 compared to last year, according to a survey by Xclusiv Shipbrokers carried out on behalf of Naftiliaki.

TRAVEL

Most visitors to Greece next year will be British, taking the lead again after several years, Tourism Minister Olga Kefalogianni said in an interview with “Naftemporiki” in the framework of the World Travel Market 2023 which opened its gates in London on November 6.