Investment

There is intense activity in the Greek pharmaceuticals sector, a testament to its growth potential.

Plans to invest in production, research and development under implementation until 2026 are worth €1.2 billion.

Foreign investing in Greek real estate is highly attractive for several reasons, according to Managing Director of Premier Realty Greece Corinna Saias.

As she notes, investing in Greek real estate provides a combination of affordable prices, high return potential, lifestyle advantages, and strategic benefits.

Moody's upgraded National Bank and Piraeus Bank deposit ratings on Monday.

In National Bank's case, Moody's upgraded its long- and short-term deposit ratings to Baa2/P-2 from Baa3/P-3, and changed its outlook on the long-term deposit ratings changes to stable from positive.

Important investment moves are under way to utilize the old industrial properties on Pireos Street, as well as more broadly at Elaionas, west of the center of Athens, which are expected to be transformed into places of residence, hospitality, work, leisure and culture, thereby giving significant surplus value to the wider area.

Real estate investment continues to account for the lion's share as a percentage of total foreign direct investment flowing into Greece.

The chief executive officer of Helleniq Energy, Andreas Shiamishis, referred on Thursday to the imposition of an extraordinary levy on the refineries' excessive profits, saying that its amount is not yet known and that it will not affect the dividend of 2023 but of 2024 and 2025.

The Greek economy's growth rate in the year's first quarter proved to be higher than the market expected, coming at 2.1%, and bringing much optimism to the government, since the corresponding rate in the European Union was a meager 0.4%.

In the first quarter of 2024, Bulgaria's GDP grew by 1.8% compared to the same period in 2023, slightly surpassing the initial forecast of 1.7%, according to data from the National Statistical Institute. The GDP produced amounted to BGN 43.279 billion, or BGN 6722 per person.

Turkish startup ecosystem displayed a decline in deal volume in the first quarter of 2024 compared to the same quarter of last year, following the downtrend in global startup activity, according to a report by KPMG.

The investment character that the housing market in Greece has acquired in recent years is consolidating. Foreign as well as Greek investors place themselves in residences with the expectation of obtaining significant capital gains thanks to price increases that will occur. Those who managed to acquire a property between 2018 and 2021 today are the big winners.