From B1 to Ba3: Moody's Investors Service upgraded its credit rating for Greece with a steady outlook. The ratings agency stated the following reasons for its decision: - Ongoing reforms that support the sustainable improvement of institutions and have already presented tangible progress in areas such as tax administration, tax compliance and the fight against [...]
On Saturday, 7th of November, Greece has entered its second national lockdown. The decision was taken after a spike in new coronavirus cases and the increasing number of hospitalized COVID- 19 patients. The total number of confirmed coronavirus cases has surpassed 50.000 with more than 700 deaths. “We need to stop this wave” Kyriakos Mitsotakis, [...]
Greek Business File, September-October 2020, No 127 Interview by Antonis D. Papagiannidis N. Bernitsas: «I see a grid more favorable for investment» Notis Bernitsas appears optimistic about the course of the Greek economy. In an interview with Economics, he claims that the Mitsotakis government, in its first year, has shown a collective commitment to promote investment [...]
Greek Business File, September-October 2020, No 127 by Themistocles Vokos The birth of an idea An emblematic event for the shipping community, Posidonia, proved to be a victim of the Covid-19 pandemic. Originally planned for June, Posidonia 2020 were postponed to October and then cancelled, for the first time in their long history that tried [...]
Greek Business File, September-October 2020, No 127 Geopolitics by George Prevelakis Troubled waters. Can the Greek Merchant Marine react symbolically to Turkish revisionism? Greece has gone through a severe economic crisis during the 2010s. Currently, apart from the Covid-19 challenge, Greece faces a serious threat by her neighbouring Turkey who employs various means and [...]
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new strategy for Greece, which will guide the Bank’s investment and policy engagement in the country during the next five years. The EBRD’s work will include measures in response to the ongoing coronavirus crisis and efforts to support economic recovery. In [...]
Greece is asking for a full suspension of the customs union between EU and Turkey. The letter was send by the Greek Minister of Foreign Affairs, Nikos Dendias, to the European Commission's enlargement chief, Oliver Varhelyi. A copy of the letter has also been send to the EC Vice Presindent, Valdis Dombrovskis. In the letter, [...]
On October 21, Greek senior executives of large multinational companies from various parts of the world will gather in Athens. The first Conference of the "GREEKS ARE BACK" initiative will take place. "GREEKS ARE BACK" seeks to revive history. Just like Greeks abroad had a strong presence in the struggle for Greek independence, 200 years [...]
Greek Business File, September-October 2020, No 127 Comment by Nick Papandreou Taking advantage of strange capitalism Even the most isolated human on the planet knows we are living in unusual times. What seems surprising is the incredible robustness of the stock market and the continued growth of the indices. The US market grew by [...]
40 kilometers long, five meters high, made of steel and barbed wire, equipped with eight observatories. Construction of the new fence on the Greek northeastern border with Turkey, in the Evros Prefecture, has begun. It is expected to be completed by April, 2021. Greece is reinforcing border control along the Evros river to halt huge waves of migrants and refugees entering the country. The first part [...]
