Debt and the myth of rational expectations

By |2021-05-07T11:34:52+03:00May 7th, 2021|Greek Business File|

by Anthony Kefalas The pandemic has exposed the long-simmering problems of casino capitalism: the neglect of public investment, the disinvestment in the welfare state, the rise of oligopolistic structures, the upending of the notion of value creation in favor of value extraction. Most of all it has highlighted the huge rise in inequality – of [...]

Sustainable Ship Recycling: Turkey-Greece: 8-0

By |2021-05-02T10:27:38+03:00May 2nd, 2021|Greek Business File|

by Dr. Anna Bredima* – abredima@yahoo.gr The Greek-owned fleet is the biggest in the world. A raft of international technical standards in order to face climate change sends annually a very big number of ships to scrap yards at an increasing pace. The new air emissions standards according to the International Maritime Organization (IMO) and [...]

Becoming the Rotterdam of the South: The logistics industry in Greece is booming

By |2021-04-24T21:18:52+03:00April 24th, 2021|Greek Business File|

by Symela Touchtidou @stouchtidou Total surface area to be built: 300,000 m². Total capital invested: €150 million. New logistics projects in Greece currently under way, mainly in Attiki and Thessaloniki, have mobilized €150 million and will create 300,000 m² of new facilities, according to a survey by the GEOAxIS chartered surveyors. Two main factors are [...]

Creating a modern spatial planning legislation

By |2021-04-21T23:49:56+03:00April 21st, 2021|Greek Business File|

  by Efthimios Bakogiannis, Secretary General for Regional Planning and Urban Environment One of the key roles of spatial planning is to support developmental choices through spatial receptors and settings. It becomes self-evident that, first, the lack of consistent long-term spatial planning rules makes it difficult to implement various development options (in some cases the [...]

Spatial planning: Time to deliver- The new GBF issue is out

By |2021-04-15T19:50:36+03:00April 15th, 2021|Greek Business File|

“Spatial planning: Time to deliver”: The March/April 2021 issue of Greek Business File (GBF) is dedicated to a key instrument of a country’s development and investment. Greece is a rare example of a European country that lacks a comprehensive and effective spatial planning system. GBF looks into the 2020 "Modernization of urban and spatial planning legislation". [...]

Holiday homes – the new “hot” trend in the post pandemic era

By |2021-04-15T16:03:01+03:00March 29th, 2021|Greek Business File|

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 [...]

Four non systemic opposite to the four systemic: The other banks of Greece

By |2021-03-17T11:53:31+03:00March 17th, 2021|Greek Business File|

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 [...]

The retail market in Greece in the aftermath of COVID-19: Winners and losers

By |2021-03-16T10:13:58+03:00March 16th, 2021|Greek Business File|

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, [...]

Greek Health System: In need of extreme makeover- Plans, pioneers and challenges

By |2021-03-11T13:09:03+03:00March 11th, 2021|Greek Business File|

by Symela Touchtidou @stouchtidou One could call it a Herculean labor. Ιt would not be an exaggeration. Among the priorities set in the National Recovery and Resilience Plan, component 3.3 is titled “Improve resilience, accessibility and sustainability of healthcare”. Reforms in selected areas of the healthcare system will seek to provide “equal access to high [...]

George Zavvos: “Hercules II” is coming- The banking system as part of the solution, not part of the problem

By |2021-03-05T01:32:17+03:00March 5th, 2021|Greek Business File|

In the first year of its operation, the "Hercules" scheme, with the participation of all 4 systemic banks of Greece, reduced NPLs by 32 billion euros, ie by about 40% of the total. Within 13 months, “Hercules” achieved what had not been done in the previous five years. These data were presented by George Zavvos, [...]

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