Greek daily news

Greek Daily News 22/04/2024

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ECONOMY

-S&P Global Ratings revised its Greece outlook from stable to positive on Friday, months after returning the country’s credit rating to investment grade.

-In February 2024, the current account deficit stood at 3.2 billion, recording an increase of 1.8 billion euros on an annual basis, according to data released by the Bank of Greece (BoG).

-An eye-popping 80.2% of Greece’s youth refrain from starting families, citing financial constraints stemming from poverty as the primary reason, a study titled “What Greeks Believe” conducted by Greek think tank diaNOESIS reveals.

-The prices of products in supermarkets remained almost unchanged last month, showing a marginal increase of 0.28% on average compared to the same period in 2023, a survey by the Institute of Retail Consumer Goods Research (IELKA) showed.

Thessaloniki Port Authority SA (ThPA) has announced that consolidated revenue for 2023 was increased to 85.9 million euros, from €85.3 million for 2022.

-In February 2024 the value of imports of Greece from Russia was 115.7 million euros, recording a decrease of 64.4% y-o-y. The value of exports of Greece to Russia in was 7.6 million euros, down 30.7% in comparison with February 2023, ELSTAT data showed.

(Source: ELSTAT)

-The procedures for the signing of PPP contracts (Public-Private Partnership) are rather slow, Naftemporiki reported citing immaturity of the projects and the weaknesses of the public authorities as some of the reasons why they are delayed.

-Fines totaling 1,480,000 euros were imposed by the Ministry of Development on 11 companies following audits carried out by the Interagency Market Control Unit (DIMEA) and the Consumer Protection Directorate, AMNA reported.

-March saw a 4% decline in registered unemployed compared to February, according to the Greek Public Employment Service (DYPA).

TOURISM

-Travel receipts in the first two months of 2024 stood at 589.7 million euros, posting a remarkable 24.5% increase on an annual basis, Bank of Greece data showed. Non-resident traveler arrivals also increased by 20.7% compared to the first two months of 2023.

-The Greek government has signed a decision defining 198 beaches that will be protected from any form of commercial activity or exploitation as part of a bill to preserve the natural environment called “Untouchable beaches”.