Tag #Greek Economy

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NBG Increases Dividend Target by 60% on Strong 2024 Results

National Bank of Greece announced a 60% increase in its dividend distribution target for 2025-2027, based on €1.3 billion in 2024 organic post-tax profits and a strong capital base exceeding €2 billion, enabling organic growth and acquisitions, with a core capital adequacy ratio of 18.3%.

Progress

24% Bias Score

Decent Work and Economic Growth
kathimerini.gr
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DEH Maintains Market Lead Amidst Greek Energy Shifts

In January 2025, DEH held a 51.45% share of the Greek electricity market, followed by Metlen (16.84%), Heron (10.95%), and others. Overall electricity demand decreased, while exports increased for the second consecutive month, and total energy production rose significantly. The Ideal Group restructu...

Progress

20% Bias Score

Affordable and Clean Energy
kathimerini.gr
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Greece's January Budget Exceeds Target Despite Delayed Payments

Greece's January budget showed a €1.98 billion primary surplus, exceeding the target due to stronger tax revenue and lower-than-expected spending on public investments; however, €620 million were delayed payments.

Progress

32% Bias Score

Reduced Inequality
kathimerini.gr
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Hellenic Cables Wins US Submarine Cable Contract

Hellenic Cables won a contract to supply 21 kilometers of 230 kV submarine power cables for the Silver Run Expansion project, connecting New Jersey and Delaware via the Delaware River, with production expected to finish in the first half of 2026.

Progress

36% Bias Score

Affordable and Clean Energy
kathimerini.gr
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HDB Reactivates Tepich III Loan Fund, Offering €250 Million to Greek SMEs

The Hellenic Development Bank (HDB) reactivated the Tepich III loan fund on February 10, 2025, offering over €250 million in new loans to Greek SMEs through its KYC and OPSKE platforms, following the disbursement of over €450 million in previous loans.

Progress

36% Bias Score

Decent Work and Economic Growth
kathimerini.gr
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Greece Reforms Real Estate Investment Company Regulations

Greece's new law modernizes its Real Estate Investment Company (REIC) framework, streamlining bureaucracy, expanding investment options (including renewable energy), and maintaining investor protections, though concerns over unfavorable tax treatment persist.

Progress

36% Bias Score

Sustainable Cities and Communities
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🌐 85% Global Worthiness
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Greece Anticipates Further Credit Rating Upgrades in 2025

Greece's economy faces 2025 credit rating reviews following a 2024 Scope upgrade; the government expects further upgrades based on strong economic growth, Recovery Fund absorption, and fiscal surpluses; DBRS, Moody's, and S&P will conduct reviews, with Moody's potentially granting investment grade s...

Progress

40% Bias Score

Decent Work and Economic Growth
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Greek SME Exports Decline in 2023

Fewer Greek SMEs exported goods in 2023 (€47.35B from 19,393 businesses) compared to 2022 (€51.74B from 19,154), revealing competitiveness issues and a lack of export culture despite process improvements; larger firms showed increases.

Progress

40% Bias Score

Decent Work and Economic Growth
kathimerini.gr
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Athens Stock Exchange Dips 0.88%, Holding Above 1600 Points

The Athens Stock Exchange's general index fell 0.88% to 1603.96 points on Monday, with trading volume at €254.92 million, influenced by global market trends and investor response to German election results and upcoming earnings reports; strong gains in DAA and Coca-Cola prevented a fall below 1600 p...

Progress

36% Bias Score

Decent Work and Economic Growth
kathimerini.gr
🌐 75% Global Worthiness
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Greece Lowers Social Security Costs for Overtime

Greece's Ministry of Labor is changing how social security contributions are calculated for overtime, night shifts, and holidays for full-time employees, basing it on the eight-hour workday rate instead of including premiums, thus reducing costs for both employees and employers while maintaining cur...

Progress

40% Bias Score

Decent Work and Economic Growth
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Greek Construction Giants Secure €1.35 Billion in Thessaly Reconstruction Contracts

Greek construction giants won €1.35 billion in Thessaly reconstruction contracts, prompting legal challenges from smaller firms, most of which have been rejected, potentially delaying the project.

Progress

44% Bias Score

Industry, Innovation, and Infrastructure
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Greece's Property Income Surge and Persistent Regional Disparities

Greece saw an 83% rise in property income's share of household income from Q4 2019 to Q3 2024, exceeding the OECD average, while its per capita disposable income grew by 1.3% in Q3 2024 compared to the previous quarter but remained below pre-crisis levels; regional GDP disparities persisted, with At...

Progress

36% Bias Score

Reduced Inequality