Newsletter September,2026,09

SEPTEMBER

Also in this issue:


  • Greek Economy – Greece’s economy grew at a 1.9% year-on-year rate in the second quarter of 2026, in line with expectations and underscoring the economy’s resilience despite the Middle East conflict and higher energy prices. According to the latest data from the Hellenic Statistical Authority (Elstat), second quarter growth was driven by a 6.1% rise in fixed investment and a 1.7% increase in private consumption. On a quarter-on-quarter basis, GDP expanded at a 0.3% rate.

  • Credit Upgrade – European ratings agency Scope Ratings upgraded Greece’s sovereign credit rating one notch to BBB- from BB+, while rival agencies Moody’s and Morningstar DBRS both revised their outlooks to positive from stable, signaling further upgrades ahead. The Scope upgrade highlighted sustained European institutional support for Greece, the country’s steadily declining debt trajectory, and ongoing structural reforms. The upgrade “confirms the soundness of the economic policy being pursued, together with the steady and continuous progress of our economy,” Prime Minister Kyriakos Mitsotakis said in a social media post.

  • Stocks Upgrade – Greece’s equity market was formally returned to Developed Market Status after more than a decade in the Emerging Markets category, by three of the world’s leading index companies. On Sept. 21, STOXX, FTSE Russell and S&P Dow Jones all upgraded the Greek stock market with STOXX adding 9 Greek equities to its STOXX Europe 600 index. Earlier this year, MSCI also announced plans to upgrade Greece to Developed Market status with effect from May 2027.

  • Tourism Revenue – Greece’s total tourism revenue is on track for another record year with first half collections up 14.8% at €8.8 billion, according to the latest Bank of Greece data. By country of origin, Germany remains Greece’s largest source market for tourism, with German visitors accounting for €1.3 billion worth of total receipts, followed by visitors from the UK with €1.2 billion. For the six months, U.S. visitors accounted for €800 million in total revenue, an 11% increase over the same period last year.

  • Athens Airport – Passenger traffic at Athens International Airport – Greece’s largest airport – reached a monthly record of 4.03 million passengers in August 2026, up 3.7% from a year earlier and surpassing the 4 million passenger mark for the first time. Growth was supported by a 4.3% increase in international traffic to 2.88 million passengers, while domestic traffic rose 2.4% on year to 1.15 million. For the eight months to August, total traffic reached 23.71 million passengers, up 4.4% year-on-year.

  • Data Center – Public Power Corporation signed a Memorandum of Understanding with Amazon Web Services for the development of a data center in Western Macedonia. Under the terms of the MOU, AWS will lease the data center once it is built under a 15-year lease. PPC will provide the land, buildings and supporting energy infrastructure, while Amazon will install and operate the IT infrastructure. Initially, the data center will have a power supply capacity of 300 MW that could be scaled to 1 GW in the future.

  • Defense Deal – The Greek government signed a €3 billion agreement with Israel to help develop Greece’s Achilles Shield multi-layer air defense system. The deal includes David’s Sling, SPYDER and BARAK MX systems, multi-mission radars, and an integrated command-and-control system. The project is part of Greece’s €28 billion defense modernization program through 2036, which also includes F-35 jets and frigates, and expands bilateral technology transfer and industrial cooperation.

  • Talent Pool – Greece enjoys a diverse talent base in STEM skills – science, technology, engineering and mathematics – that is growing faster than most of its peers, according to new data from the OECD. The data, from the OECD Research and Innovation Careers Observatory 2026, places Greece among just six countries combining an above-average share of STEM graduates at Master’s level with above-average growth in their numbers between 2015 and 2023, alongside Denmark, Ireland, the Netherlands, New Zealand and Norway. Greece is also one of only two countries in the OECD comparison where women represent more than half of STEM graduates at Master’s level. Further: Greece is among only six countries where women account for more than 40% of doctoral graduates in Engineering, Manufacturing and Construction. Between 2015 and 2023, it was also one of just four countries to record an increase of at least 10 percentage points in women’s share of engineering doctorates.

  • Enterprise Greece – Enterprise Greece took part for the first time in the World Trade Organization Public Forum, one of the leading international platforms for dialogue on the future of global trade. As current president of Trade Promotion Europe, Enterprise Greece joined a special session on trade in services hosted by the International Trade Centre that was focused on the role of trade promotion agencies in supporting service businesses and particularly SMEs. The first time participation of Enterprise Greece in a WTO public forum marks another step in the agency’s growing international engagement.

This newsletter is for informational purposes only and is intended to provide readers with an overview of investment and export trends in Greece. Unless explicitly stated otherwise, its content does not constitute endorsement by, or imply the involvement of, Enterprise Greece.