Central Macedonia Backs Covid-19-hit Businesses with €150m

By admin 4 Σεπτεμβρίου 2020 No comment

The Central Macedonia Region recently announced that it would be allocating 150 million euros to local businesses, tourism enterprises included, impacted by the coronavirus (Covid-19) pandemic. Central Macedonia Governor Apostolos Tzitzikostas announced the immediate non-repayable funding, which he said will facilitate liquidity and serve as starting capital for

Greek Economy Shrinks by 15.2% in Q2

By admin 3 Σεπτεμβρίου 2020 No comment

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Photo source: Hellenic Parliament Greece saw its GDP plunge by 15.2 percent in the second quarter of 2020 compared to the same period a year ago, impacted in large part to the coronavirus (Covid-19) pandemic, the Hellenic Statistical Authority (ELSTAT) said on Thursday. More specifically, based on seasonally adjusted data, the Greek economy shrunk by […]

Eurostat: Greece Unemployment at 17% in May

By admin 1 Σεπτεμβρίου 2020 No comment

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The Hellenic Parliament in Athens. Greece’s jobless rate increased from 15.7 percent in April 2020 to 17 percent in May, according to the latest data released by Eurostat, the EU’s statistical service, on Tuesday. Hardest hit were the young under 25, with the unemployment rate reaching 37.5 percent in May against 32.6 percent in April. […]

Greek Funding Scheme for Small Enterprises Accepting Applications

By admin 1 Σεπτεμβρίου 2020 No comment

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A Greek government support program funding small and very small enterprises is now accepting applications, said Alternate Development & Investments Minister Nikos Papathanasis this week. The support scheme, which includes tax breaks, will be allocating a total of 150 million euros to businesses with up to 10 employees and reporting an annual turnover of / […]

Moody’s: Greece’s Debt Durable Despite Tourism Decline

By admin 31 Αυγούστου 2020 No comment

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Athens, Greece Despite the slowdown in tourism and the far-reaching repercussions of the coronavirus (Covid-19) pandemic, Greece’s debt remains durable, Moody’s Investors Service said in a report this month. According to the ratings firm, Southern European countries, which rely greatly on tourism, are most exposed to the credit impact. However, Moody’s retained its “B1”

Greek Tourism Arrivals and Revenue Plummet Due to Covid-19

By admin 21 Αυγούστου 2020 No comment

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The coronavirus pandemic and ongoing travel restrictions are sending Greek tourism figures to nearly nil with the latest Bank of Greece data revealing a 93.8 percent drop in the number of inbound travelers in June to 256 thousand with revenue nosediving by 97.5 percent to 64 million euros in the same month. According to the […]

Athens City Center Shops Can Open on Sundays in 2021

By admin 19 Αυγούστου 2020 No comment

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Photo source: athensattica.com As of November 2021, shop owners with businesses in the historic center of Athens will have the option to remain open on Sundays, according to a decision published in the Government Gazette. The new law, which goes into force in November 2021, follows consultation with trade groups and organizations and allows the operation […]

Report: Greek SMEs Feel the Covid-19 Effect

By admin 6 Αυγούστου 2020 No comment

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Photo Source: athensattica.com/ The outbreak of Covid-19 impacted Greece’s small and medium-sized businesses (SMEs) as much as the economic crisis in 2009 and the capital controls imposed in 2015, according to a report released this week by the National Bank of Greece. More specifically, the SME confidence index fell in the first half of 2020 […]

Greece Tables 14-point Growth Plan for Consultation

By admin 4 Αυγούστου 2020 No comment

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The Hellenic Parliament. Photo Source: @PressParliament / © Aliki Eleftheriou The Greek government tabled a 14-point interim growth plan for public consultation on Monday, which includes among others the recommendations for the overhaul of the country’s pension system. Prepared by a committee headed by Nobel Prize-winning economist Christopher Pissarides, the 122-page

Piraeus’ Landmark Tower to Get New Lease on Life

By admin 7 Ιουλίου 2020 No comment

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Photo Source: Pila Studio / Konstantinos Koudounis An abandoned tower in the heart of Piraeus will get a new lease on life after the Piraeus Municipality signed a concession deal this week – under Piraeus Tower SA – with Prodea Investments, Dimand SA – European Bank for Reconstruction and Development (aka Cante Holdings Ltd), and […]