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GIG Economic Bulletin – January 25, 2021

January 25, 2021 Economic Bulletin

With expectations of recovery for Greece now pushed out to the second half of 2021, analysts are increasingly optimistic for one of the strongest rebounds in the eurozone once travel and tourism resume.

GIG Economic Bulletin – January 18, 2021

January 18, 2021 Economic Bulletin

The economy is bracing for a sharp downturn in Q1 2021 as a result of the extended lockdown, however a rapid recovery is expected to follow in the second half of ...

GIG Economic Bulletin – January 11, 2021

January 11, 2021 Economic Bulletin

A slight improvement in economic sentiment and a rise in industrial production offer some cause for optimism despite the pandemic, while a boost in economic activity is expected from January ...

GIG Economic Bulletin – January 4, 2021

January 4, 2021 Economic Bulletin

Greece plans to kick off 2021 with a new bond issue and a renewed push on the privatisations front.

GIG Economic Bulletin – December 28, 2020

December 28, 2020 Economic Bulletin

While the economy continues to count the cost of the pandemic, infrastructure investments, market reforms, and the green transition are on the agenda for 2021 as year-end approaches.

GIG Economic Bulletin – December 21, 2020

December 21, 2020 Economic Bulletin

This week saw the launch of Greece’s 5G networks come a step closer to fruition after the first round of licenses were awarded, while new investments were announced in ...

GIG Economic Bulletin – December 14, 2020

December 14, 2020 Economic Bulletin

The global roll-out of Covid-19 vaccines by spring of 2021 offers hope of the return of tourism and a strong rebound for Greece, while the approval this week of the EU ...

GIG Economic Bulletin – December 7, 2020

December 7, 2020 Economic Bulletin

Disappointing figures on Q3 growth failed to dent the stock market rally, while the government released its much-awaited Digital Transformation Bible as part of the drive to reshape the post-pandemic ...

GIG Economic Bulletin – November 30, 2020

November 30, 2020 Economic Bulletin

Tax and institutional reforms figure high in the Pissarides report, which promises to boost national recovery and transform the Greek economic model.

GIG Economic Bulletin – November 23, 2020

November 23, 2020 News

Greece’s post-pandemic action plan aims to leverage the €32 billion from the NextGenerationEU grants and loans to fund strategic projects in infrastructure and public services with a view to transforming ...

GIG Economic Bulletin – November 16, 2020

November 16, 2020 News

Recession forecasts are now converging on the “worst case” scenario for 2020, however the climate is upbeat for major investments in the digital sector while the TAP pipeline, a landmark transcontinental ...

GIG Economic Bulletin – November 9, 2020

November 9, 2020 Economic Bulletin

A ratings upgrade from Moody’s signalled the markets’ confidence in the long-term prospects of the Greek economy, however short-term growth looks increasingly elusive as the country enters a three-week ...

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Greece Investor Guide @GreeceInvestor·

3 companies are moving forward with new floating PV technologies: TERNA Energy plans to expand into this new market, submitting applications to RAE for a production certificate to develop 3 floating PV power parks totalling €170 mn and with a total capacity of 265 MW...

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Greece Investor Guide @GreeceInvestor·

Holidays are top of mind for aspiring travellers, and for many Greece is the destination. The European Travel Commission’s survey found that Greece lands in 4th place for travellers’ preferences for the summer holidays...

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Greece Investor Guide @GreeceInvestor·

Projections for Greece’s recovery are looking strong for later this year, particularly once travel and tourism resume and as Greece taps into the EU Recovery and Resilience Fund.

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Alexandros Sinka 🇨🇾@a_sinka·

Renewables are for the first time the dominant power source in Europe’s electric grid https://www.bloomberg.com/news/articles/2021-01-24/renewable-power-beat-fossil-fuels-in-eu-for-first-time-last-year?sref=DzjLIKVJ via @business

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Greece Investor Guide @GreeceInvestor·

Viva Wallet made big strides in 2020, even despite the pandemic - and this bodes well for the company's 2021 outlook. Check out our video here to learn more about Greece's leading FinTech provider.

#greece #greeceinvestorguide #fintech #vivawallet #GIGmadeingreece

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3 companies are moving forward with new floating p

3 companies are moving forward with new floating photovoltaic technologies: @ternaenergy plans to expand into this new market, submitting applications to RAE for a production certificate to develop 3 floating PV power parks totaling €170 million and with a total capacity of 265 MW. @ppc_renewables has also submitted applications to RAE for the advancement of a park in northern Greece with a total capacity of 50 MW, while Interphoton Investment group has applied for the installation of a 500 MW park in Lake Polyphytou. It appears as though a new chapter is unfolding in Greece's PV investment potential.

#greece #greeceinvestorguide #res #energy

The Hellenic Wind Energy Association (HWAE) is pus

The Hellenic Wind Energy Association (HWAE) is pushing to get offshore wind off the ground, having launching a public consultation – due 1 February, 2021 – that will provide the legal framework for the development of offshore wind in Greece. And 2022 could see the issuance of the country's first offshore procurement round as HWEA also published a draft for an auction of 300 MW of offshore wind capacity. HWAE is eager to create a "clear and detailed roadmap" for the next few years, and floating offshore wind technology could be key to draw in investments.

#greece #greeceinvestorguide #res #energy #windenergy #renewableenergy

Holidays are top of mind for aspiring travellers,

Holidays are top of mind for aspiring travellers, and for many Greece is the destination. The European Travel Commission’s survey found that Greece lands in 4th place for travellers’ preferences for the summer holidays, and more than half are planning their vacations within the coming 6 months.

Learn more about what's happening across Greece's economy here: http://bit.ly/3ohggf0

#greece #greeceinvestorguide #GIGeconomicbulletin #greeceis #greekholidays #greekislands #greekdiaspora #greekshelpinggreeks

Projections for Greece’s recovery are looking st

Projections for Greece’s recovery are looking strong for later this year, particularly once travel and tourism resume and as Greece taps into the EU Recovery and Resilience Fund. An EU source mentioned to news outlet Naftemporiki that the country’s proposal, underpinning that activation of European recovery funding, is among the most comprehensive submitted to date. It has generated optimism that funding will roll in soon, allowing Greece to move ahead with major projects across sectors including the green and digital economy, along with large-scale infrastructure.

Read more at our weekly economic bulletin, available now: http://bit.ly/3ohggf0

#greece #greeceinvestorguide #GIGeconomicbulletin #europeanunion #recoveryfund #covid19 #res #digitaleconomy

@vivawallet made big strides in 2020, even despite

@vivawallet made big strides in 2020, even despite the pandemic - and this bodes well for the company's 2021 outlook. Check out our video here to learn more about Greece's leading FinTech provider.

#greece #greeceinvestorguide #fintech #vivawallet #GIGmadeingreece

Greece’s potential in logistics continues to boo

Greece’s potential in logistics continues to boom. American investment fund HIG Capital is a frontrunner in the bidding process for the old Hellenic Steel Company factory, absorbing €140 million in debt in exchange for 290 acres in Aspropyrgos. It will have the opportunity to then implement a plan for constructing a modern logistics facility within the next 2 years, while still preserving the historic building.

#greece #greeceinvestorguide #logistics #aspropyrgos #hellenicsteel #development #updates

Epidavros’ sunken city is a major draw for touri

Epidavros’ sunken city is a major draw for tourists. It’s easy to see, easy to find, and now, it’s about to become easy to understand precisely what you’re looking at: the PERIPLOUS project promises to use state-of-the-art technologies to protect and promote this underwater city. The project will maintain, document, and capture the site’s ruins, but it will also provide on-site tours through e-Navigator, a self-propelled boat with a glass bottom, outfitted with a series of sensors to help the boat navigate through the site.

#greece #greeceinvestorguide #epidavros #tourism #holiday #vacations #holidaysingreece

Another positive sign for Greece’s commitment to

Another positive sign for Greece’s commitment to renewable energy? DEPA Commercial is moving forward with plans to expand into RES via DEPA Emporia, which will have a more than 200 MW green portfolio of wind and photovoltaic projects, as well as significant RES technology investments. One such investment is in hydrogen, as DEPA plans to participate in the tender process for the Energy Regulatory Authority’s new RES project.

#greece #greeceinvestorguide #renewableenergy

Rating agency Moody’s is already acknowledging G

Rating agency Moody’s is already acknowledging Greece’s potential for the coming year: it indicated that the country’s economy is taking steps in the right direction, and Chief Credit Officer, EMEA - Moody's Investors Service, Colin Ellis, hinted that Greece could receive a new upgrade in the coming 12-18 months. This is further evidence that Greece’s economic potential continues to rise – even amid a global pandemic.

#greece #greeceinvestorguide #economy #covid19 #moodys #rating #comeback #pandemic

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