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S&P raises Greece’s economic status to investment grade

International credit ratings agency Standard & Poor’s Global Ratings (S&P) upgraded Greece’s economic status to investment grade on Friday, October 20, 2023.. S&P raised the country’s local and foreign currency long-term issuer ratings to BBB- from BB+ with a stable outlook. This move was preceded on September 8 by the …

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US approves upgrade of Turkey’s F-16s

The US Department of State announced Saturday it has decided to approve a sale of avionics software upgrades for Turkey’s existing F-16 fleet. The deal, valued at an estimated $259 million, is the first military equipment sale to Turkey in years. Turkey has also requested new F-16s and nearly 80 …

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Bill tightens wiretapping procedures by Greece’s National Intelligence

Greece’s  government has posted online for public consultation a draft legislation with the aim to optimize the wiretapping procedures the National Intelligence Service (EYP) is required to take to wiretap citizens. At the same time, the draft bill updates the process of lifting the confidentiality of communications, and upgrades the …

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Greece to upgrade its infrastructure with “Smart Bridges”

Infrastructure and Transport ministry has launched the large project “Smart Bridges”to upgrade the relevant infrastructure network across Greece. The project is in the final stretch and thus in a sector that, according to all the experiences of the previous years, is suffering: the monitoring and maintenance of public infrastructure. According …

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Lights out for Greece’s Parliament to save energy

The exterior lighting of the Parliament building in central Athens will not be switched on at night as part of the national effort to save energy. By decision of Parliament Speaker Kostas Tasoulas, the lighting on the front and sides of the building will be discontinued, while only the perimeter …

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Greece’s Armed Forces to acquire Harpoon anti-ship missiles

Greece’ Parliamentary Armament Committee has given the green light for the acquisition of 50 “Harpoon” anti-ships, surface-to-air missiles. The regular Harpoon uses active radar homing and flies just above the water to evade defenses Until recently, the US had refused to release these missiles to Greece. The constant request of …

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Greece to finally proceed with programs for oncology patients, incl National Cancer Registry

On the World Cancer Day 2022, Greece’s health ministry announced to finally proceed a series of programs for oncology patients. Among others, these measures include “Home Care”,  the upgrade of care for cancer patients via technology and a National Cancer Registry as Greece is one of the few European countries …

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Mammoth donation by Niarchos Foundation to improve health services in Greece

The Stavros Niarchos Foundation (SNF) will proceed with a mammoth donation to improve health services in Greece. In the framework “Initiative for Health” that creates partnerships between the state and private organizations, the SFN will build two general hospitals, one children hospital and provide equipment to already existing hospitals. The …

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Fitch upgrades Greece’s credit rating to “BB” from “BB-“

Fitch ratings agency on Friday upgraded Greece’s credit rating to ‘BB’ from ‘BB-‘, saying that GDP growth and fiscal prudence were leading to government debt remaining at sustainable levels. The upgrade puts the Balkan country two notches below investment grade. The ratings agency also upgraded its outlook to “positive” from …

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Greece to upgrade F-16 and Mirage-2000 at a cost of half a billion euros

The Ministry of National Defense has submitted a bill to the Parliament including among others the upgrade of fighter jest F-16 and the Follow-On Support/FOS of Mirage-2000. The total cost exceeds half a billion euros. The draft law envisages enhancing the operational performance and dynamics of F-16 aircraft as proposed …

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Standard & Poor’s upgrades Greece to BB- with “positive outlook”

Standard & Poor’s has upgraded Greece’s credit rating by one notch to BB- with a positive outlook, saying another upgrade could follow within the next year. The agency says a potential future upgrade would depend on the center-right government’s continuing to implement economic reforms and also on an improvement in …

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Moody’s upgrades Greece by 2 notches, opens way for 10-Year bond issue

Rating agency Moody’s announced on Friday it has upgraded Greece’s sovereign credit rating by two notches to “B1” with a stable outlook, from the “B3” rating with a positive outlook it had granted Greece just over a year earlier. Economists expected this upgrade to assist Greece in its next foray …

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Upgrade of 85 Greek F-16 to Viper starts, 1.1bn project

Τhe upgrading program for 85 F-16 fighter jets with the Block 70/72 Viper system will be formally launched on Monday, Lockheed Martin’s VP Business Development Initiatives in Europe Dennis Plessas said at a press conference in Thessaloniki. Revealing the time table of the upgrade, Plessas said that ” a great …

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Fitch upgrades Greece to “BB-” from “B” with “stable outlook”

Global rating agency Fitch Ratings upgraded the long-term foreign currency issuer default rating on Greece to ‘BB-‘ from ‘B’.  The outlook on Greece is stable, Fitch said on Friday. Greece’s banking sector is getting better, Fitch noted, adding that the country’s relationship with its European creditors has “substantially improved”. The …

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