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ECONOMY
-HSBC has upgraded its economic outlook for Greece, forecasting the country’s gross domestic product (GDP) to grow 2.2% in 2023. The banking giant expects Greece to run a budget deficit of 1.4% this year, while on the debt front, the deleveraging will continue to 160.9% of GDP this year and 151.7% the following year.
COMPANIES
The Kavala Port Authority (PAA) signed on Wednesday (Oct. 11) a Memorandum of Cooperation with the Port of Burgas in the Bulgarian city of the same name. The initiative belonged to the Greek side, which drew up an itinerary plan, which includes synergies in the development of cruises in the Black Sea and North Aegean and beyond, Oikonomikos Taxydromos reported.
TRAVEL
The outbreak of hostilities between Hamas and Israel has dealt a major blow to the tourist market of Thessaloniki, as 11% of overnight stays in the northern Greek city come from Israel, Grigoris Tassios, outgoing president of the Panhellenic Federation of Hoteliers told reporters.
SOCIAL
The repatriation of Greek citizens from Israel concluded successfully. According to the Greek foreign ministry, the first 90 Greek visitors returned on Monday, followed by another 68 people on Tuesday. The return of 72 Greek residents of Israel who expressed a desire to return to Greece followed on Thursday, the ministry noted.
