On the upgrading of the Greek economy by Standard & Poor’s investment house, Minister of National Economy and Finance Kyriakos Pierrakakis made the following statement:

“The upgrading of the Greek economy from the Standard & Poor’s Evaluation House is a very powerful signal of trust in our country, which is more value in times of international uncertainty. Greece is dynamically recapturing the map, winning yet another step in the investment level.

S&P’s forecasts for the future of the Greek economy justify government choices and the confidence of citizens who have embraced our belief that fiscal stability is the only safe outlet from the many years of financial adventure. This is the way for the future. We achieve our goals, we build the economy on healthy foundations, we return to society a fair share of progress.

Today’s report of one of the largest international rating agencies predicts that Greece will maintain high primary surpluses of 2.7% by 2028, while growth will remain average at 2.4% at the same time. In 2028 debt will have fallen 50 points below 2019, which is one of the greatest remains internationally in recent years. S&P estimates that in employment we have already returned to pre -crisis levels in 2008, it provides further reduction in unemployment and increases in income for all, as a result of the positive image of the Greek economy.

The BBB investment level is a starting point for us for a new era of economic extroversion, competitiveness, digitization and innovation. Greece is now a reliable and stable business destination. A modern economy that is evolving, reformed and gains international confidence“