Greece's economy is showing signs of recovery from its sovereign debt crisis, with the government upgrading its growth forecast for this year from 2% to 2.3%. Unemployment has also seen a decline, falling from 7.9% last month to 7.4%.
Investment is beginning to flow into the country, and the government reports a primary budget surplus. The debt-to-GDP ratio, which was close to 200% at its peak, is now 136% and is projected to fall to 128% next year. Bond markets have reacted positively, with the yield on Greece's ten-year bonds dropping to 4.4%.
Greece is also attracting foreign capital, partly due to tax incentives offered by the government. These include executives relocating their tax residency paying 5% on bonuses and carried interest, and a flat-tax regime capping tax on foreign income at €100,000, with foreign assets exempt from Greek inheritance tax.