by Symela Touchtidou The Hellenic Republic Asset Development Fund (HRADF) has published the invitation for the expression of interest for the assets of the "General Mining and Metallurgical Société Anonyme, LARCO". Among them the Larynos Mining Complex. LARCO is one of the five largest ferronickel producers in the world. In late November, the Special Administrator [...]
Greek banks have made quite a good progress in cleaning up their balance sheets from non-performing loans (NPLs), but more needs to be done. “This is not the time to wait and see“ is the message coming from Frankfurt, via Andrea Enria’s interview to the Greek national TV, ERT. The Chair of the Supervisory Board [...]
Lamda Development S.A. and TEMES S.A. announced the signing of their strategic agreement for the joint development of two state of the art, luxury hotels and residential complexes on the costal front of the Hellinikon project, during the first five year phase of the project. The partnership will bring to life "a commonly shared vision [...]
The Greek government is determined to reverse the brain drain. The country lost about 500.000 of its most highly skilled workers during the debt crisis of 2010-2018. Prime Minister of Greece, Kyriakos Mitsotakis, says that GDP growth and new jobs need highly skilled workforce to take the country to the next industrial revolution. Next week [...]
Greek Business File, September-October 2020, No 127 By Dr Anna Bredima* Guillotine or bonanza? Shipping between sustainable funding “black out” and “green” financing In the framework of international consultations aiming at the protection of the environment and especially the reduction of emissions, the EU has launched a coordinated effort for the timely application of obligations [...]
As Brexit looms and negotiations between London and Brussels have stalled, the UK government is publishing guidelines for its citizens living in European countries. Official information includes guidance on residency, passports, healthcare, driving and the Withdrawal Agreement. At the top of the list of UK citizens living in Greece should be to: register as a [...]
A “comprehensive plan” to support Greece’s biggest airlines company, AEGEAN, was presented on Monday by the Greek government. It will inject 120 million euros of state aid into Aegean Airlines which has been hard-hit by the pandemic crisis. In return, the Greek state will receive stock warrants with the right “to purchase the company's stock [...]
A training contract for the Hellenic Aerospace Industry. Two 50 million investments through the Hellenic Development Bank of Investments , HDBI (no details provided). An agreement for the creation of a one billion co-investment fund for investments in Greece and the Balkans. These are the economic results from the recent visit of Prime Minister of Greece, Kyriakos [...]
The first wave of the pandemic hit the Greek economy hard. Tourism, the country’s main driving force, was severely affected. Still, in summer, Greece opened its borders and started receiving thousands of tourists. Q3 GDP is estimated to have recorded a sizeable 7.7% expansion, on a s.a. quarterly basis. Hopes were raised that the damage [...]
Greek Business File, September-October 2020, No 127 interview by George Vailakis “What is in question is what should be common sense” Business File discusses with the educator and historian Nikos A. Koukis, the new president of the Hellenic Foundation for Culture What are the most important challenges that the Hellenic Foundation for Culture (HFC) is [...]