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ING Think: Greece in 2021, between vulnerabilities and opportunities

By |2020-11-17T13:57:35+03:00November 17th, 2020|Greek Business File|

Author: Paolo Pizzoli "The tourism-related service sector is a lingering point of vulnerability for the Greek economy" estimates ING Think. The Economic and Financial Analysis group of ING, in its article,  notes: "Greece suffered the Covid-19 shock with somewhat of a delay. Having been little hit by the infection in the first quarter, it fully [...]

Going green: Five new solar photovoltaic projects in Greece

By |2020-11-16T13:47:10+03:00November 16th, 2020|Greek Business File|

Piraeus Bank SA  and National Energy Holdings Limited (National Energy) announced the signing of a Bond Loan facility of circa €22 million to finance the construction of five (5) solar PV projects in Greece with total generating capacity of 24 MWp. The projects are located in central Greece and will produce enough electricity to power [...]

Sea, sun and low taxes: Greece lures foreigners with tax breaks and investment schemes- All you need to know

By |2020-11-23T09:40:22+03:00November 14th, 2020|Greek Business File|

By Symela Touchtidou “Digital migrants”, youth of the “brain drain generation”, pensioners and wealthy individuals from all over the world. What do they have in common? They are on the list of the Greek government that seeks ways to boost the economy and reverse the brain drain of the crisis era. To this end, it [...]

A path forward

By |2020-11-12T15:55:31+03:00November 12th, 2020|Greek Business File|

Greek Business File, September-October 2020, No 127 China-EU The challenges in economic cooperation China is by far the largest emerging economy in the world, and the European Union is the largest consortium of developed countries. China and EU represent about one fourth of the world’s total population, nearly 40% of the world’s total economic output, [...]

Cook more, spend less: Consumer trends in Greece’s second national lockdown

By |2020-11-12T13:39:17+03:00November 12th, 2020|Greek Business File|

Cooking, cleaning, digital socializing: Greeks adopt their consumer behavior to the second lockdown of the country. According to the latest report on Greek Consumer Trends by the Institute of Retail Consumer Goods, IELKA, Greeks return to the habits adopted during the first national lockdown, in spring: 1. Cooking at home, as well as preparing home [...]

Nagorno-Karabakh peace deal: a first assessment

By |2020-11-12T08:10:10+03:00November 12th, 2020|Greek Business File|

By Sotiris Roussos, Associate Professor, University of Peloponnese & Head of the Centre for Mediterranean, Middle East and Islamic Studies (www.cemmis.edu.gr) – Source: ENA Institute for Alternative Policies (www.enainstitute.org/en/) The agreement between Armenia, Azerbaijan and Russia is a clear victory for Azerbaijan and Turkey and a bitter defeat for the Armenians. Both sides acknowledge this. [...]

IUCN: One million tonnes of plastic in the Mediterranean Sea- Over 200,000 tonnes leak each year

By |2020-11-11T13:02:59+03:00November 11th, 2020|Greek Business File|

A new report by International Union for Conservation of Nature (IUCN) finds that an estimated 229,000 tonnes of plastic is leaking into the Mediterranean Sea every year. This is equivalent to over 500 shipping containers each day! Unless significant measures are taken, the reports notes, this will at least double by 2040. Macro-plastics resulting from [...]

Significant 2P reserves increase at Energean’s Israeli Assets

By |2020-11-10T18:08:15+03:00November 10th, 2020|Greek Business File|

Energean announced the completion of an independent Competent Persons Report (“CPR”) by DeGolyer and MacNaughton (“D&M”), which certifies 98.2 Bcm (3.5 Tcf) of gas and 99.6 million barrels of liquids (“MMbbls”) gross (Energean 70%) 2P reserves in the Karish, Karish North and Tanin fields. Εnergean’s gross 2P reserves in Israel now total approximately 729 million [...]

OTE sells Telekom Romania to Orange Romania

By |2020-11-09T14:10:19+03:00November 9th, 2020|Greek Business File|

The Hellenic Telecommunications Organization S.A. (“OTE S.A.” or the “Company”) announces that it has entered into an agreement to sell its 54% stake in Telekom Romania Communications S.A. (Fixed, Telekom Romania or “TKR”) to Orange Romania. The agreed consideration is €497m for 100%, corresponding to €268m for OTE’s stake, on a debt-free, cash-free basis and [...]

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