The comeback of the Athens Stock Exchange

Athens Once written off as the sick man of Europe, Greece is celebrating its resurgence. The country’s economic growth is expected to increase by three percent in 2023, well above the EU average of 0.8 percent. “In addition, Greece expects inflation to fall faster than its peers,” said Filippo Taddei, senior economist for southern Europe at Goldman Sachs.

The Athens Stock Exchange is one of the strongest stock exchanges in the world this year: Since the beginning of the year, the Greek stock market has gained 36 percent in value. “Prime Minister Kyriakos Mitsotakis’ expected election victory has boosted market confidence and led to a positive reaction on the Athens Stock Exchange,” said Nota Zagari, Head of Greek Equities at Greek investment house Alpha Trust.

The reform course initiated during the financial crisis is bearing fruit. “A business-friendly environment and the promotion of digitization unleash potential, create jobs and support growth rates in the real economy of between two and three percent,” says Zagari, explaining the environment.