Record FDI flow into Greece raises bar, but is it sustainable?
Greece has reported record flows of inward investment in 2021 and looks set to exceed the amount again in 2022.
Balance of payments shows shipping on course for bumper year, but economic benefits unclear
Shipping provided the one bright spot in Greece’s trade balance in May, with transportation contributing 2.16 billion in receipts, compared to 1.44 billion the same month last year, an increase of 50 pct
Impact of uncertainty on economy starting to emerge in hard data
The uncertainty of the Ukraine conflict, which is being felt primarily through the energy crisis and the swelling inflation wave, has been reflected for months in sentiment surveys and is now gradually filtering through in hard data, sending the first recessionary signals.
One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations
Record investments in Greek startups and a number of headline-grabbing exits – including Greece’s first “unicorn” – have generated a lot of interest in the space which the government views as a national success story. A closer look at the numbers reveals positive trends over recent years, however it also highlights the need for some perspective around a subject that is often susceptible to hype.
Impact of inflation already widespread, but data suggests worse to come
Although the Greek authorities did not underestimate the wave of price hikes that started swelling in the summer, it is becoming evident in official data releases that inflation will be far-reaching and most likely will last for longer than the government had hoped or planned for.
Discussion over PEPP, SGP draw attention to rising yields
The Greek sovereign debt market has enjoyed a buoyant period, largely thanks to the participation of the GGBs in the ECB’s emergency asset purchase of the pandemic codenamed PEPP, which pushed borrowing costs for the Greek state to historic lows.
Post-Covid era dawns on new landscape for bad debt in Greece
At the peak of the Greek financial crisis, Greek banks had accumulated over 100 billion euros of bad loans. At the time, almost half of their outstanding loan amounts fell into this category, with borrowers falling behind on their repayments or deemed as being unlikely to pay.
Company closures dropped sharply during the pandemic
The number of enterprises in Greece that closed last year fell by more than a fifth last year, while the number of new start-ups was virtually unchanged from the year before, according to data from the Hellenic Statistical Authority.
Government rolls out red carpet to lure private wealth to Greece
Greece is pulling out the stops to make the country as attractive a place as possible for rich or footloose individuals to put down roots.
Survey illustrates extent of pandemic impact on firms amid recovery hopes
The fourth survey by the Hellenic Federation of Enterprises (SEV) on business expectations suggests that Greek firms have been seriously impacted by the Covid-19 crisis and, although, they would like more support, they are hopeful of recovering soon.