Greek Daily News – 19/06/23

POLITICS

As a snap parliamentary election will be held in Greece on June 25, political party staff have turned their attention to the race for the so-called new undecided voters: Latest opinion polls place those voters who have yet to make their minds up at around 8%.

ECONOMY

-Greek real estate market resilient while European seems to be entering a downward cycle. Greek market players are optimistic despite the challenges, Naftemporiki reported citing sources. Home prices grew 14.5% in the first quarter of 2023, after climbing more than 11% last year. In Athens, prices increased by 16.5% in the January-March period, according to data released by the Bank of Greece.

-Greek business activity in Romania continues to be rising. According to the Hellenic Statistical Authority (ELSTAT) the total value of Greek exports to Romania in 2022 reached a record high of EUR 1.823 billion, up 31.2% y-o-y. Meanwhile, Greek investments in Romania increased to EUR 1.9 billion with Greece being the 8th main investing country with over 8,000 established businesses of Greek interests.

BUSINESS

The interest of small and medium-sized enterprises (SMEs) in “Digital Transformation” program activated in February 23 with a budget of EUR 300 million has been moderate or even low with only 1,736 applications submitted till June 9.

CAPITAL MARKET

The Athens Exchange (ATHEX) general index fell 0.71% to 1,268.52 points on Monday.