Axia Research considers it very possible that Greece will secure the coveted investment grade as early as this year, likely toward the end of 2020, as the political risk has been minimized and positive catalysts are expected in the economy.
The Cyprus-based multinational group said in a report that, besides the improvement of sentiment and the formal confirmation of the country’s recovery, investment grade would give banks access to the main refinancing operations of the European Central Bank, it would allow the ECB to include Greek bonds in its quantitative easing (QE) program, and see the Greek market return to certain international indexes, that investors monitor.
Axia researchers recently visited Athens and met government and bank officials. They now estimate that investor interest in Greek securities will be sustained while new public offerings in the real estate sector will further enhance the market's prospects.
After the benchmark of the Greek bourse soared 50 percent last year, Axia analysts anticipate the momentum to continue this year too, although this year’s returns may not be as high as those of 2019. This is due to the banks sector's 120-7 percent jump last year.
Axia sees investment grade for Greece in 2020
Axia sees investment grade for Greece in 2020 | Business | ekathimerini.com
ATHENS – Deputy Minister of Development and Investments Christos Dimas met with Amazon.com executives in Athens on Thursday, to discuss the company’s potential involvement in the technology park ‘City of Innovation’ in Athens.In a post on Twitter, Dimas said that “after an initial contact in the US a few months ago, today I had a second very good meeting with Amazon. We discussed innovation research and Amazon’s possible partnership or participation in ‘City of Innovation’ which we have announced.”
The park is expected to host research centers, startup companies, as well as research and development departments of enterprises and large industries, in order to enhance synergies within the domestic research and innovation ecosystem.
In view of this, there is a plan to convert a property of 1.78 ha (17,893 sqm) on Piraeus Street, in Neo Faliro, the former Chropi factory.
It’s official – the Athens Stock Exchange was the best performing equity market in Europe last year, reflecting international investors' newfound confidence in Greece’s recovery. Across the board, foreign investors are putting their money in Greek assets from stocks and bonds to real estate and helping to drive foreign direct investment in Greece to record highs.
Hier ein sehr aufschlussreicher Bericht,der die Situation in Griechenland absolut real beschreibt]
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