Moody’s upgrades Greece to investment grade on strong fiscal recovery and stability
March 14 (Reuters) – Global ratings agency Moody’s upgraded Greece’s rating to “Baa3” from “Ba1” on Friday, citing quicker-than-expected improvement in public finances and the country’s greater resilience to potential future shocks. “Based on the government’s policy stance, institutional improvements that are bearing fruit, and a stable political environment, we expect Greece to continue to […]
Greek Golden Visa Programme Amendments & Transition Period: The Refined Guidelines
The Greek real estate market in 2024 continues its trajectory of growth and development, building on the momentum gained over the past few years. Several factors contribute to the positive outlook for the market, including increased foreign investment, government incentives, and key infrastructure projects. While property prices are appreciating, Greece still offers affordable options compared […]
Unique Aspects of Greek Culture
Greek culture, like a tapestry woven from many threads of history and religion, creates a rich and colorful picture. The culture of the Greeks has deeply influenced Western civilization. From philosophy and art to science, the impact of Greek culture is still strongly felt in the modern world. One of Greece’s most famous festivals is […]
Greece’s Economy and Society: A Dynamic Blend of Growth and Tradition
The Greek economy, like a mosaic, reflects the diversity of the country’s geography and history. From a nation primarily reliant on agriculture, Greece has evolved into a modern economy with strong growth in the service sector, particularly in tourism and shipping. The Greek economy has grown significantly in recent years: GDP (2021): Approximately $189 billion […]
Greece officially increases Golden Visa prices from July 2023
According to the latest announcement, the opportunity to obtain a Greek residency card through the Golden Visa program with the old investment amount of €250,000 will only be valid until July 31, 2023. As previously reported, in September 2022, the Greek government announced plans to double the minimum investment amount for the real estate option […]
Greece’s Golden Visa demand surges tenfold before investment price hike
The Greek Golden Visa market became extremely “heated” in the last quarter of 2022 due to news of the investment requirement for real estate rising to €500,000. At the beginning of September 2022, in a surprising move, Prime Minister Kyriakos Mitsotakis announced plans to double the investment requirement for the real estate option of Greece’s […]