Greek Business File, November-December 2020 by Chryssoula Vafeiadaki In January 1826, in Bern, Switzerland, Ioannis Kapodistrias, a Greek diplomat, swore faith to the new Emperor of Russia, Nicholas I and assisted in the commemoration of Alexander I at the local embassy. The news of the fall of Missolonghi in Greece urged Kapodistrias to visit Paris, [...]
Like most have predicted, the 2020 tourism season for Greece has been tough. According to ΙNSETE Intelligence (the Research Institute of the Greek Tourism Confederation) , inbound tourism plunged by 78%. Just 60% of all hotels in Greece operated, most of them for a short period of time. Average occupancy rates during the summer period [...]
"It is promising to see strong Greek cybercommunities in the space contributing to education and networking, notably pioneered by the vibrant and fast-growing Greek Cryptocurrency Community. There are strong signs that Greeks are ahead of the global crypto trend and will play a key role in shaping its future." "Consumers use Chai to purchase [...]
By Symela Touchtidou-@stouchtidou For neighbors being so close, Greece and Turkey are not close economic partners. Bilateral trade is subdued, cross-border investments and tourism are restrained. And they have been further shrinking in 2020. Is it the result of the pandemic crisis that hit the global economy? Or is it the product of rising tensions [...]
What would it take to bring people out of poverty, to take slums and convert them, to redo deserts for mankind? How advanced the Chinese and the Russians are in nuclear fusion? How is “biotech is the new digital"? Michalis Bletsas is a research scientist and the Director of Computing at the MIT Media [...]
According to Webster’s dictionary, a “pandemic” is an event that occurs over a wide geographic area and affects a large number of people. The word “pandemic” is composed of two Greek words which indeed denote this: an event that concerns a large number (pan) of the people (demos). In this sense, the world is now [...]
Since China’s Cosco Shipping Group acquired a majority stake in PPA (Piraeus Port Authority) in 2016, container traffic through Greece’s major port has grown at a steady rate. Long considered the success story of Greece’s lagging privatization program, PPA is listed on the Athens Stock Exchange and consistently reports profits. A transshipment hub for the [...]
The Greek government is looking for a road map to create an innovative, cutting –edge and extrovert pharmaceutical industry. The country already has “a domestic vibrant but not exactly cutting-edge pharmaceutical industry” as the Prime Minister of Greece, Kyriakos Mitsotakis, noted in an online meeting with the heads of top pharmaceutical firms and experts. Now Greece [...]
The draft of the Greek National Recovery and Resilience Plan (RRP) has been submitted to the European Commission. It is a plan based on two parallel lines of action: investment and reform. The ultimate goal is to cover the investment, output and employment gap in Greece. To this end the mobilization of private sector resources [...]
In the debt crisis era, labor cost in Greece was attacked as one of the reasons of the country's low competitiveness. The loss of international competitiveness of the Greek economy was associated with a rapid increase in labor costs in the period up to 2009. Under the three Economic Adjustment Programs, Greece cut drastically wages [...]
