Greek daily news

Greek Daily News 23/10/2023

558 views

ECONOMY

-Standard and Poor’s (S&P) upgraded Greece’s credit rating to BBB-, with a stable outlook, up from BB+, explaining that “significant budgetary consolidation has placed Greece’s fiscal trajectory onto a firmly improving track.” It is the first among the “big three” rating agencies to upgrade Greece to investment grade since 2010.

-Greeks have spent 22.7 euros billion on online gambling, agencies of the gaming firm OPAP, land-based casinos, lotteries and horse racing in January-August 2023, up 28.2% compared to the corresponding period last year (17.69 billion euros), according to figures from the Hellenic Gaming Commission (EEP).

-Registered unemployment totaled 836,713 people in September, down 5.9% y-o-y and a decline of 6.8% from August 2023, the Greek Public Employment Service (DYPA) said in a report on Friday.

-The sale of the majority package of shares (67%) of the Igoumenitsa Port Organisation to a joint venture led by the Italian Grimaldi group, was concluded, Naftemporiki reported.

-Electricity prices will increase up to 30% in Greece next month, as providers in Greece are expected to announce significant hikes in the new tariffs for November, local media reported.