Greek daily news

Greek Daily News 21/12/2023

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ECONOMY

-Greek tourism’s direct contribution to GDP is estimated at approximately 24 billion euros or 11.5% in 2022, with five regions representing almost 90% of the country’s receipts, according to the annual research of the Greek Tourism Institute INSETE. The South Aegean represents 27% share of the receipts, Crete 21%, Attica 17%, the Ionian Islands 15% and Central Macedonia 9%.

-The growth rate of the Greek economy is estimated at 2.5% next year, down from 3% which was the previous forecast, according to the Bank of Greece Interim Report on Monetary Policy. In 2025, it is expected to stand at 2.5%.

CAPITAL MARKET

Thessaloniki Port Authority (ThPA) and Motodynamics form part of the Athens Stock Exchange ESG index.

REAL ESTATE

In January-September 2023, apartment prices (in nominal terms) increased by 13.9% on an annual basis, compared to an 11.2% increase during the same period in 2022, according to data collected by the Bank of Greece. Expectations for the near future of the Greek real estate market remain cautiously positive.