Interest rate spread on new deposits and loans down in June
The interest rate spread between new deposits and loans decreased to 5.51 percentage points in June, the Bank of Greece said on Wednesday.
- Written by E.Tsiliopoulos
Greek economy: Upgrade to investment grade by the Japanese R&I ratings agency
The Japanese rating agency Rating and Investment Information (R&I) upgraded today, July 31, 2023, the Greek Government's debt to investment grade, BBB- with a stable outlook (from BB+ with a stable outlook previously).
- Written by E.Tsiliopoulos
Shadow economy in Greece stands at 40 billion euros
The size of the shadow economy in Greece amounts to 40 billion euros per year, corresponding to between 20% and 30% of GDP.
- Written by E.Tsiliopoulos