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A service for banking industry professionals · Thursday, January 2, 2025 · 773,567,905 Articles · 3+ Million Readers
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Bank of Greece News Monitoring

  • Published on 16:39 GMT

    Grexit would have led to economic chaos, Bank of Greece governor recalls

    ECONOMY [InTime News] Greece would have plunged into economic chaos had the country exited the Eurozone during bailout negotiations with lenders in the previous decade, Bank of Greece governor Yannis Stournaras has told SKAI radio in Athens.  The country “ …

    Source: Kathimerini - Neutral
  • Published on 12:46 GMT

    Amazon Supports Three New Wind Farms in Greece

    U.S. tech giant Amazon will power operations in Greece with three new utility-scale wind farms that also will provide electricity for the grid in three parts of the country. Company officials in November announced Amazon had signed four power purchase …

    Source: Power Magazine - Neutral
  • Published on Jan 1, 2025

    Greater Athens Choking With Cars, Real Estate Prices Out of Sight

    ATHENS – With 40 percent of Greece’s population of 10.36 million people living in the capital and surrounding area, the Attica prefecture’s streets are increasingly clogged with vehicles while rents and home prices are jumping dramatically. In a review of …

    Source: The National Herald - Neutral
  • Published on Jan 1, 2025

    Twelve standouts in 2024

    IN DEPTH A boy wearing a traditional costume of the Evzones, waves a Greek flag outside Athens Academy, during the students' parade to celebrate the country’s entry into World War II after it refused to align itself with a belligerent fascist Italy in …

    Source: Kathimerini - Neutral
  • Published on Dec 31, 2024

    Athens overconcentration calls for urgent measures

    Property sale prices in the capital outpace the rest of the country, while the same is happening with rents. The housing problem is becoming increasingly acute within Attica. The average speed of vehicles in the municipalities of the capital and especially …

    Source: Kathimerini - Neutral
  • Published on Dec 30, 2024

    Greece’s Tourism Industry Achieves Record Revenues and Arrivals in 2024

    Greece’s tourism sector is closing 2024 on a high note, setting new records in both revenue and visitor arrivals, according to the latest data processed and released by INSETE, the research body of the Greek Tourism Confederation (SETE). Tourism revenues …

    Source: Greek Travel Pages - Label Pending
  • Published on Dec 30, 2024

    Sellers getting up to €1,400 for collectible €2 coins

    The €2 coin is now being sold for more than €1,000 amongst collectors. On the occasion of celebrating the 20th anniversary of Cyprus’ accession to the European Union in 2004, the central bank of Cyprus issued the €2 coin in 2024. The bank issued the coin …

    Source: Cyprus Mail - Uncategorized
  • Published on Dec 30, 2024

    Greece’s Housing Crisis Shows No Signs of Easing in 2025

    Greece’s housing crisis is expected to continue into 2025 as the cost of purchasing and renting remains high and disposable income falls, according to an article at OT.gr. According to data from the Bank of Greece, in Q3 2024, the residential property …

    Source: To Vima - Uncategorized
  • Published on Dec 29, 2024

    Greece's economy poised for growth amid challenges: central bank governor

    ATHENS, Dec. 29 (Xinhua)-- Greece's economic recovery continues to make strides, with public debt sustainability assured and growth rates projected to outpace the Eurozone average, Bank of Greece Governor Yannis Stournaras told The National Herald (TNH …

    Source: Xinhua News Agency - Gov't Propaganda
  • Published on Dec 28, 2024

    Banks’ upgrade will fetch cheaper money

    The further improvement of banks’ fundamentals will determine their upgrade to investment level, which will also determine the further reduction of their borrowing costs in 2025 for the issuance of bonds, according to the Bank of Greece. This is …

    Source: Kathimerini - Neutral
  • Published on Dec 28, 2024

    Stournaras to «ΤNH»: «We Are Doing Well, But the Recovery Remains Incomplete»

    ATHENS – Despite the progress achieved by the Greek economy in recent years and its resilience to various external shocks, the recovery from the decade-long debt crisis remains incomplete. Furthermore, achieving convergence of real GDP per capita with the …

    Source: The National Herald - Neutral
  • Published on Dec 28, 2024

    Foreign cash goes to realty

    The upward trend in capital inflows from abroad for the acquisition of real estate continues this year, as, according to Bank of Greece data, a total of 1.9 billion euros has been invested in the first nine months of this year, an amount that is 17% higher …

    Source: Kathimerini - Neutral
  • Published on Dec 27, 2024

    American Tourists, The Top Spenders In Greece For 2024

    Greece is expecting another record tourism year in 2024. Credit: nparekhcards. CC BY 2.0/flickr In what is expected to be another record year for Greek tourism in both arrivals and revenues, Americans are emerging as the top spenders of this year’s …

    Source: GreekReporter.com - Label Pending
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