Moody's credit rating agency upgraded the outlook for the Greek economy to positive from stable on Friday, while reaffirming its Ba1 credit rating, CE Report quotes ANA-MPA.
Greece’s GDP is projected to grow by 2.3% in 2024, accelerate to 2.5% in 2025, and then gradually decrease to 2.3% in 2026 and 2.0% in 2027, according to the Bank of Greece (BoG).
Starting January 1, 2025, Moldova will implement a mechanism allowing Energocom to prioritize purchasing renewable energy on the market to address domestic deficits.
Greece reported the second lowest food inflation rate among the 27 EU member states in November, signaling a significant easing of supermarket cost pressures on households.
Moldova’s electricity imports from Romania have surged in December 2024, as the Moldovan thermoelectric power plant (MGRES) operates with only two power blocks.
The Greek government is advancing a series of reforms aimed at boosting incomes for low-income pensioners and supporting vulnerable citizens, National Economy and Finance Minister Kostis Hatzidakis announced in Parliament on Thursday.
Renewable energy sources (RES) accounted for 24.5% of electricity consumption in the European Union in 2023, a 1.4% increase compared to 2022, according to Eurostat. Bulgaria saw a notable rise, with 22.58% of its electricity coming from RES, up 3.56% year-on-year, ranking it 14th among EU nations.
According to the report from the Croatian Bureau of Statistics (DZS), Croatia's Gross Domestic Product (GDP) per capita, expressed in Purchasing Power Parity (PPP), reached 76% of the EU-27 average in 2023, and the same level was achieved by actual individual consumption (AIC) per capita.
Germany’s FAZ reports that Greece’s economy is performing exceptionally well, driven not only by a booming tourism sector but also by restored market confidence. International rating agencies now consider Greece an investment destination, with global giants like Microsoft, Google, and Pfizer establishing operations, alongside German firms such as Fraport, RWE, and Boehringer Ingelheim.
The value of e-commerce in Romania has reached 3.4% of the country’s GDP in 2024, amounting to €11.7 billion, according to a report by the Romanian Association of Online Stores (ARMO) citing estimates from the European E-commerce 2024 report.
Romanian President Klaus Iohannis expressed shock over the terrorist attack in Magdeburg, Germany, that left at least two people dead and dozens injured.