MSCI has announced the results of the annual review of markets, maintaining the Greek stock market out of the Watch List for possible upgrading to developed markets.

But it also opens upgrades as it notes that there is progress, pointing to continuous improvements and reforms by the Greek authorities, and the Greek economy also meets the macroeconomic criteria to join the developed markets.

As the House notes “The Greek market has made progress in alignment with accessibility standards usually observed in developed markets. In addition, Greece meets the economic criteria for ranking in developed markets.

Following the changes applied to the size and liquidity requirements of the MSCI market ranking framework, a personal rule was introduced, which requires a minimum number of five companies that meet the criteria of the Developed Markets Index, maintaining this situation for a prolonged period.

Greece did not meet the new size and liquidity requirements at the time of MSCI market ranking review for 2025. “

Also, MSCI, in its announcement, stresses that “It is facing European countries that have been classified in developed markets as a single entity for the purpose of constructing and maintaining indicators. This approach reflects the high degree of integration observed in European stock markets, including harmonized market infrastructure, regulatory alignment and cross -border accessibility. In addition, it takes into account the perspective of many international institutional investors, who are increasingly seeing Europe of developed markets as a cohesive and consolidated investment landscape.

In this context, MSCI is calling for feedback from market participants regarding whether the preservation rule on the basis of size and liquidity standards should be applied to European markets, such as Greece, during consultations for their possible rearrangement in the category of developed markets. “