RTSE Russel: In developed markets HA – Pierrakakis: “New Era for Greek Capital Market”

Upgraded the Greek capital market (ed. Ha) FTSE Russell International House from the category of advanced markets in the category of developed Market (Developed Markets.

This upgrade is a milestone for the domestic capital market and reflects the progress made in the Greek economy in recent years, according to a statement from the Ministry of National Economy and Finance. FTSE Russell’s decision was based on fulfilling all the required criteria, including the recent upgrading of the country’s credit rating by the International Evaluation House.

The integration of the Athens Stock Exchange in the developed markets is expected to decline the confidence of the international investment community in the Greek capital market, to increase liquidity and to attract significant new investment funds from institutional investors. This development is also expected to have a positive impact on the ability of Greek businesses to raise capital for investment, growth and extroversion at lower costs, thereby contributing substantially to the reinforcement of the real economy.

The process of the forthcoming acquisition of the Athens Stock Exchange by the Euronext Group, which is underway, is expected to give even greater impetus to the growth and international promotion of the Greek capital market, further enhancing Greece’s position in the European and international financial map.

THE Minister of National Economy and Finance Mr. Kyriakos Pierrakakis, made the following statement:

“The upgrading of the Athens Stock Exchange in the category of developed markets by FTSE Russell is another powerful message about the dynamics and stability of the Greek economy.

This development creates new opportunities for Greek listed companies, expanding sources of funding and creating the conditions for a new generation of corporate synergies, acquisitions and mergers that will enhance the competitiveness and size of Greek business schemes.

Greece is now closer to the union of capital markets, one of the main goals of European economic integration, proving that it has stabilized and emerges as an attractive destination for international capital.

Moody’s’s recent upgrading of the country’s credit rating capacity, coupled with today’s FTSE Russell decision, in practice recognizes the overall progress of the Greek economy. For the government, they are a confirmation of the strategy that follows and a commitment to continue with the same determination the reform course that leads the country to steady growth. “

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