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Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
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Record travel receipts and narrower trade deficit reflected in current account up to May
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Energy and domestic market drive industrial turnover growth of 14.1% YoY in May
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Primary surplus up to June at 4.48 bln as taxes continue to outperform, spending contained
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Energy continues to drive import prices as May sees 13.3% YoY rise
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New passenger cars push June sales to highest since 2010
Fitch leaves rating unchanged at 'BBB-', outlook stable
Fitch on Friday reaffirmed Greece’s credit rating to ‘BBB-‘ with stable outlook. It is another indication that the country’s rating has entered a steady environment after the several upgrades over the last couple of years that brought it to investment grade.
At the end of 2023, Fitch was the latest agency to grant Greece the investment grade. Moody’s is the only leading agency that has left Greece one notch below the investment grade, not granting an upgrade in its latest review in March.
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