by Symela Touchtidou, @stouchtidou Undoubtedly, tourism is one of the sectors hardest hit by the global pandemic crisis. There is one sector, though, that has showed remarkable resilience to the pandemic crisis and is expected to boom when restrictions are lifted. The holiday home market. Why? As many tourism experts note, traveler preferences and behaviors have [...]
As Greek systemic banks remain trapped in overwhelming non performing loan levels, non-systemic banks are rushing to make up lost ground promising more generous lending for Greek businesses. In 2020, Greek financial institutions granted over €20 billion in loans to households and businesses – a record lending level in the country for the last decade. A considerable [...]
by Dika Agapitidou, Director, JLL – Athens Economics ltd* It is common to see savings surge and consumption decline in times of acute uncertainty; therefore, it comes as no surprise that the pandemic outbreak, swiftly followed by restrictions on circulation and market activity, undermined the performance of both retail and food & beverage. In turn, [...]
A report from the Centre for the Study of Democracy, a Sofia-based thinktank, suggests that Moscow’s “malign” influence on strategic decision-making in southeast Europe remains strong, even though Russian economic power has weakened in recent years with the gradual opening up of the region’s energy markets. Russia continues to disrupt economic policymaking and promote divisive [...]
Yannis Stournaras, Governor of Bank of Greece, argues that the pandemic shock has incurred significant costs but has also had benefits for the Greek economy. At the EU level, he argues the Recovery and Resilience Facility is the first, albeit small, step towards a more federal fiscal policy in Europe and asks for further initiatives towards political [...]
Investment and reform are the main ingredients of the National Recovery and Resilience Plan (NRRP) of Greece. The country is entitled to €32 billion in grants and cheap loans. Investments to cover the investment, output and employment gap in Greece. Reforms to make sure that this time the money flowing in the country will be [...]
by George Vailakis Ηe is an internationally famous figure who started as a pirate, then found himself protected by Catherine the Great in Russia and very quickly became rich in the Caspian Sea. He is the man who made caviar fashionable. He was a multifaceted personality of pre-revolutionary Hellenism, who gave his soul and money for Greece [...]
The January/February 2021 issue of Greek Business File (GBF) is dominated by the great challenge of surviving the pandemic and building a sustainable future. The well of the issue is dedicated to the Recovery and Resilience Plan (NRRP) of Greece. The country is entitled to €32 billion in grants and cheap loans from EU’s Recovery [...]
by Photini Tomai* On November 1st, 2005, the United Nations Assembly unanimously designated this day, to urge the nations of the world to observe it so that future generations will be spared acts of genocide. To this day, USA, Canada, Australia, the OSCE countries, among which Greece too, commemorate the Holocaust on 27 January. For [...]
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, [...]
