Grecestate Magazine

UBS: Euro in power against the Dollar in 2024, predicted Fed and ECB moves, the outlook for economies on both sides of the Atlantic and how they will affect the two currencies. In the last quarter, the euro has been on a rally and its exchange rate has strengthened to $1.10. Will the appreciation of

The Residence Permit EU Greece (Golden Visa) from August 1 2023 increase the invetment in the central, northern and southern sectors of Attica, Mykonos, Santorini and the Municipality of Thessaloniki. Also, in contrast to what was previously the case in the above areas, one will not be able to acquire e.g. two or three properties

In its traditional evaluation, the Economist magazine highlighted Greece as a leading country among the economies of the rich world in 2023, a year that the authoritative magazine characterized as difficult, with wars, the rise of authoritarian regimes and the restriction of freedoms by powerful leaders. But after years of painful restructuring, Greece tops our

The new Hungary Golden Visa to be eligible, there are specific requirements that applicants must meet. These requirements serve as the foundation for your investment oblications. To participate in Hungary’s Residency by Investment programme, it’s essential to understand the associated costs and the application process. Investment Requirements From January 2024, there are three new investment

Greece reduction of public dept is very important performance internationally in terms of reducing debt to GDP will continue in the next seven years, as Moody’s estimates, thanks to the strong growth of the Greek economy, the very favorable public debt profile, as well as the very good management strategy. With Greek bond yields having

The American rating agency Standard & Poor’s upgraded Greece’s rating to investment grade (20-10-2023), and in particular to BBB- from BB+ (which was one grade below investment grade), with a stable outlook. After the debt crisis of 2009 – 2015, significant progress has been made in addressing the country’s economic and fiscal imbalances. The house

The construction appreciation of building materials in the last two years, causing construction costs to skyrocket. While before the war in Ukraine and the coronavirus pandemic, the average cost for a typical construction was between 1,500 and 1,700 euros/sq.m., not counting the cost of the plot, today it has jumped to around 1,900-2,300 euros/sq.m. sq.m.

DBRS Ratings GmbH (DBRS Morningstar) upgraded the Hellenic Republic’s Long-Term Foreign and Local Currency – Issuer Ratings from BB to BBB (8 September 2023). At the same time, DBRS Morningstar upgraded the Hellenic Republic’s Short-Term Foreign and Local Currency – Issuer Ratings from R-3 to R-2 (middle). The trends on all ratings remain Stable. Greece

EU Golden Visa Insider, more than 132,000 people gained citizenship through these programs between 2013 and 2019, and opposition voices have intensified as they have been linked to rising property prices. Members of the European Parliament and European Commission have called on EU countries to end golden visas, and Ireland and the UK have already