The European Central Bank (ECB) is expected to implement a new interest rate cut in April, according to the Governor of the Bank of Greece, Yannis Stournaras.
A report by McKinsey & Company, conducted in cooperation with the Hellenic Shipowners' Association, highlights the central role of Greek-owned shipping in the global and domestic economy. The study highlights the industry's catalytic contribution to international trade while analysing the challenges and opportunities shaping its future. The industry's economic footprint in the domestic economy amounts to 14 billion dollars.
Goldman Sachs maintains a constructive outlook for Greek banks ahead of the 2024 earnings announcements, continuing to expect that the valuation discount at which Greek banks trade compared to their European counterparts will gradually narrow over the next 12 months.