Economy of Greece

The credit rating of PPC was upgraded by the financial firm S&P, after the corresponding upgrade it made for the Greek economy.

Russia's latest "game" with natural gas is causing serious turmoil in the Greek stock market, which is currently moving with significant losses. In particular, the general index is falling by 1.55% to 924.35 points, with a turnover of more than 15 million euros.

The significant move of the S&P Global Ratings to upgrade Greece's credit rating one notch on Friday reflect the positive trajectory of the Greek economy and its market confidence.

The first payment of 3.6 billion euros was received today, Friday, by our country from the Fund for Recovery and Resilience. The European Commission positively evaluated the relevant request, sent by the person in charge of the implementation of the Greek Program, Deputy Minister of Finance, Mr. Thodoros Skylakakis, after the fulfillment of the 15 milestones.

Inflation in Bulgaria will more than double compared to 2021. From 2.8 percent it will become 6.3%.

This is according to the European Commission's winter economic forecast announced today.

In the inflation table for this year, a higher percentage of our country is projected only for Poland (6.8), Lithuania (6.7) and Slovakia (6.4). Poland is outside the Eurozone.

PPC shares show recovery trends during the five months of the energy crisis.

According to Deutsche Bank estimates, growth in Greece will reach 8.7% this year, while for the years 2022 and 2023 growth will also be strong for the Greek economy.

Moody's proceeded to explain the reasons why it did not upgrade Greece's credit rating from Ba3.

In a new report, the rating agency says that further progress in reforms that will boost investment and growth, the rapid reduction of the debt ratio and the normalization of the banking sector are the factors that will "signal" the upgrade from the current Ba3 with stable prospects.

The Hellenic Development Bank-HDB is now participating as a new full member of the European Business Angels Network (EBAN), according to a relevant announcement.

The European Business Angels Network (EBAN) is the leading network of early stage investors in Europe, according to the announcement.

The 12th report of the European Commission on the Greek economy is expected to be positive in the context of the enhanced supervision linked to the payment of another installment of the Greek bond profits (ANFA's / SNP's).