Greek Daily News 10/01/2024

ECONOMY

-Greek exports dropped 12.2% in November 2023 for a decline of 7.5% in the 11-month period from January to November 2023, but their value exceeded 47 billion euros recording the second highest level in history, Naftemporiki reported.

-The Greek banking sector will see this and next year a credit expansion of 4% per annum, according to Eurobank Equities. Credit growth in January-November 2023 stood at 2.8%, affected by low financing to households, Bank of Greece data showed.

-The increase in the average price of consumer spending during Christmas holidays was single digit (8.5%) y-o-y, according to Skroutz Marketplace data.

TOURISM

For 2024, the main general objectives of the strategy of the Greek Ministry of Tourism, as presented by Tourism Minister Olga Kefalogianni are: establishing Greece as a “top of mind” tourist destination, enhancing Greece’s reputation, strengthening the traditional markets of inbound tourism and developing new markets.