The early repayment will be partially funded by the government’s cash reserves, which, according to the Public Debt Management Agency, stood at 40.1 billion euros at the end of the first quarter of 2025.
At the same time, although S&P maintained a “ stable” outlook for the Greek economy in its April 18 update - while upgrading Greece’s credit rating to BBB/A2 - it left a “ window” open on Wednesday for a possible further upgrade, citing expectations for improvements in external imbalances.
A new European Parliamentary Research Service report shows that EU Member States collectively raised their defense spending from €218 billion in 2021 to €326 billion in 2024 — a 30% increase in real terms. But Greece, long accustomed to maintaining high defense outlays, stands out not just for meeting the 2% benchmark, but for consistently exceeding it — even during the depths of its financial crisis.
This development raises both opportunities and concerns about whether Greece can secure a meaningful share of the funds and rebuild its defence sector.
Την ίδια χρονιά, οι ξένες τράπεζες με παρουσία στην Ελλάδα μείωσαν τις χορηγήσεις κατά 4,76%, από τα 10,2 στα 9,7 δις. δολ. Οι ξένες τράπεζες χωρίς παρουσία στην Ελλάδα μείωσαν κατά 3,1% τα δάνειά τους,, από 22 σε 21,4 δισ. δολ.
According to a November report by local outlet Vecer, the contract follows a competitive tender process that drew bids from five companies, including two Italian firms, one Turkish firm, and one Serbian. Construction is expected to be completed within 34 months of the contract signing.
