23.10.2023
S&P Global is the first of the “big three” rating agencies in the world who have upgraded Greece to investment grade. This happened late last week, when Greece’s rating boosted to 'BBB-/A-3.' This is a positive sign for Greece's economy and encourages foreign investment in Greece. Among the reasons why Greece's rating was upgraded is its stronger budgetary position.
In S&P’s announcement, they noted that Greece’s public finances have improved thanks to fiscal adjustments. They add that a lot of progress was made since 2015 to address Greece's economic and fiscal imbalances.
Where is Greece rated among other rating agencies? Two of the largest ratings companies, Fitch and Moody's, rank the country just one notch below investment grade. DBRS Morningstar, another rating agency, was the first to upgrade Greece's rating to investment grade.
S&P also notes that it expects "additional structural economic and budgetary reforms, coupled with large EU funds, that will support economic growth in 2023-2026." Greece expects its economic output to increase by 3% in 2024. This year, the economic expansion in Greece was 2.3%, which was more than twice the average in the Eurozone.
Greece’s Finance Minister, Kostis Hatzidakis, spoke positively about the upgrade to Greece’s credit rating: “The country faces a historic window of opportunity through a combination of the right economic policy mixture with political stability.”
Greek Prime Minister Kyriakos Mitsotakis wrote on social media platform “X” that Greece is planning to continue its agenda of “attracting new investment, creating jobs, and achieving inclusive growth.”
Mitsotakis also noted that as Greek bonds become more attractive, "borrowing becomes easier and cheaper for businesses and households. At the same time, Mitsotakis noted that “the way is being paved for billions in investment funds to be funneled to the country that could not be directed here for 15 years.”
In other news, Greece plans to repay its 5.3 billion euro loan early. These loans were given to Greece during the first rescue package, and are due to be paid in 2024 and 2025. However, they will be paid on December 15th of 2023. According to the Ministry of National Economy and Finance, Greece plans to make another early repayment in 2024.
19.03.2026
Spanning over 1700 km across the southern peninsula and connecting 12 major hiking routes, the Peloponnese Trails network is set to become the Largest Certified Hiking Trail Network in Greece, weaving together landscapes, heritage, and storytelling in a way that is both immersive and sustainable.
18.03.2026
Basements are a familiar feature of many homes across Greece. Traditionally used for storage, parking, or utility areas, these spaces are increasingly being reimagined—sometimes as guest rooms, independent apartments, or even stylish leisure areas. For anyone exploring property in Greece, it’s useful to understand how basements are defined and when they can legally function as living spaces. The rules are quite specific, but once explained clearly, they follow a logical structure.
16.03.2026
Crete and Syros have been named among the most worthwhile Greek island destinations for 2026, according to the international tourism platform Travel And Tour World, which recently published a list highlighting Greek islands that offer visitors a strong balance between quality and price.
The globally recognized tourism publication, widely read by travel professionals, tourism organizations, and travelers around the world, compiled the ranking based on research and travel data. The list focuses on destinations that combine authentic experiences, cultural richness, and natural beauty with relatively accessible prices.
13.03.2026
Greece is preparing to introduce a sweeping reform in the way property ownership and usage are recorded. Through the creation of the Μητρώο Ιδιοκτησίας και Διαχείρισης Ακινήτων (ΜΙΔΑ) — translated as the Property Ownership and Management Registry — authorities aim to create a comprehensive digital record of every property in the country.
The project is being developed by the Independent Authority for Public Revenue (Ανεξάρτητη Αρχή Δημοσίων Εσόδων - ΑΑΔΕ), in cooperation with the Ministry of National Economy and Finance. Its goal is to consolidate fragmented real estate information into a single platform and provide a clearer picture of property ownership and use across the country.
The new registry also featured prominently in discussions at the Property Owners’ Conference organised by the Panhellenic Federation of Property Owners (ΠΟΜΙΔΑ). The event brought together representatives of the government, local authorities, the Independent Authority for Public Revenue (ΑΑΔΕ), the Hellenic Cadastre, and property owners from across the country.
During the conference, the new registry was presented as one of the most significant reforms in the Greek real estate sector in recent years. Speaking at the event, Minister of National Economy and Finance, Kyriakos Pierrakakis, described the initiative as “the most systematic recording of the use of private real estate ever carried out in the country.” According to the minister, the registry will give the state a comprehensive digital overview of the country’s property stock and the way the real estate market actually functions.
03.03.2026
Kalamata is quietly stepping into a new chapter.
In 2026, Kalamata International Airport “Captain Vassilis Constantakopoulos” will connect the Peloponnese to 22 international destinations through 31 direct routes, significantly strengthening the region’s ties with key European markets. For a city long appreciated for its olive groves, relaxed pace, and coastal living, this expanded network signals something bigger: accessibility is no longer a seasonal privilege — it’s becoming a structural advantage.
The announcement follows a record year for inbound traffic. In 2025, the airport welcomed 169,730 international passengers, marking a 25.6 percent increase compared to 2023. This steady rise reflects consistent demand from core European source markets and growing confidence in Kalamata as a destination that delivers both lifestyle and substance.
27.02.2026
Five Greek beaches located in Crete, Corfu, and Rhodes have earned prestigious distinctions at the Tripadvisor 2026 Travellers’ Choice Awards, ranking among the best beaches in Europe and the world. Renowned for their crystal-clear waters, unique landscapes, and exceptional natural beauty, these destinations continue to strengthen Greece’s global reputation as a premier seaside escape.
The TripAdvisor Travellers’ Choice Awards are based on millions of reviews and ratings submitted by travelers worldwide over 12 months. The awards highlight travelers’ favorite destinations, hotels, restaurants, and experiences, offering valuable insights for those planning their next getaway.
30.01.2026
Crete has significantly strengthened its position as one of the most attractive real estate destinations in Greece. For the first time, the island’s electricity demand is being fully covered by high-capacity grid interconnections with mainland Greece, combined with locally produced renewable energy sources (RES), as announced in late 2025 by the Greek Independent Electricity Transmission Operator (ADMIE). This energy achievement is a structural upgrade that directly impacts property value, investment security, and long-term growth prospects.
23.01.2026
Messinia, Greece, is attracting growing international attention after being included in The New York Times’ respected list of the 52 Best Places to Go in 2026. Ranked 38th worldwide, Messinia is the only Greek region featured, praised for its natural beauty, cultural depth, and authentic Mediterranean character.
Located in the southwestern Peloponnese, Messinia offers a rare combination of unspoiled coastline, fertile landscapes, and deep historical roots—qualities that increasingly appeal to travellers and long-term visitors seeking a genuine Greek experience.
