Greece aims for 'A' credit rating by 2030 through institutional reforms

Bank of Greece Governor Yannis Stournaras stated that Greece could achieve an 'A' credit rating before 2030, provided the country continues to improve the quality of its institutions and public administration. Speaking at the Scope Ratings annual meeting in Athens, Stournaras noted that while fiscal stability and growth have bolstered market credibility, the next milestone depends on judicial and administrative efficiency.

He highlighted that judicial reforms have already reduced the average time for issuing first-instance decisions from over two years to approximately one year. This improvement in legal certainty is viewed as a key factor for investor confidence.

International credit rating agencies, including Moody's, DBRS, and Scope, have noted that Greece's economic model is shifting toward investment and exports rather than consumption. This shift is driving productivity and supporting GDP growth, which reached 1.9% in the second quarter of 2026, outpacing the eurozone average of 1.2%.

Separately, regarding driver's licenses, Greek authorities remind citizens that old paper licenses must be replaced with the new European plastic card format. Mandatory replacement is required for drivers reaching age 65, or in cases of loss, theft, or significant damage. The process can be completed electronically via the gov.gr platform.