Made for Gods and heroes: Greek marble conquers the world

By |2020-12-08T00:51:43+03:00December 8th, 2020|Greek Business File|

By Symela Touchtidou Greece is the fourth largest exporter of marble in the world. The Greek marble extraction and production sector is a rare example of success story during the decade long financial crisis of Greece: faced with the near elimination of internal construction, the sector was forced to redefine its business model and its [...]

Greece: 5G is coming to town!

By |2020-12-04T11:56:29+03:00December 4th, 2020|Greek Business File|

By Symela Touchtidou, @stouchtidou  On October 30, Greece’s telecoms regulator, Hellenic Telecommunications and Post Commission (EETT), launched a tender for frequencies in the 700 MHz, 2 GHz, 3400-3800 MHz and 26 GHz bands. These are the frequencies allocated for the country’s next generation telecommunication networks, the 5G networks. In Trikala, the pilot program ran [...]

LARCO: The ” for-sale” sign for the nickel giant is up. Can it be saved?

By |2020-12-01T21:21:11+03:00December 1st, 2020|Greek Business File|

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 [...]

ECB to Greek banks: Clean up your balance sheets- “This is not the time to wait and see says Chair of the Supervisory Board, A. Enria

By |2020-11-30T10:45:22+03:00November 30th, 2020|Greek Business File|

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 -TEMES: State of the art hotels and residencies on the Athens Riviera

By |2020-11-28T11:31:25+03:00November 28th, 2020|Greek Business File|

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 [...]

Trying to reverse the brain drain: What would it take for Greeks to return

By |2020-11-28T01:15:00+03:00November 28th, 2020|Greek Business File|

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 [...]

Guillotine or bonanza?

By |2020-11-26T13:48:54+03:00November 26th, 2020|Greek Business File|

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 [...]

Brexit is coming: What to do if you are a UK national living in Greece

By |2020-11-25T13:02:50+03:00November 25th, 2020|Greek Business File|

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 [...]

AEGEAN Airlines: Greek government comes to the rescue

By |2020-11-24T11:43:37+03:00November 24th, 2020|Greek Business File|

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 [...]

Kyriakos Mitsotakis in the United Arab Emirates: More politics, less economics 

By |2020-11-20T14:40:04+03:00November 20th, 2020|Greek Business File|

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 [...]

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