Greek Business File2021-04-05T10:28:37+03:00

Greek Business File

The “Holy Grail” of energy and a future without poverty: N. Negroponte discusses with M. Bletsas

What would it take to bring people out of poverty, to take slums and convert them, to redo deserts for mankind? How advanced the Chinese and the Russians are in nuclear fusion? How is “biotech is the new digital"? Michalis Bletsas is a research scientist and the Director of Computing at the MIT Media Lab Michalis Bletsas discusses with Nicholas Negroponte the important issues that will shape the future of humankind, beyond the pandemic crisis. Asked by Michalis [...]

December 24th, 2020|Greek Business File|

A trilogy of “pandemics” forces us to reinvent capitalism, multinationalism and economics

According to Webster’s dictionary, a “pandemic” is an event that occurs over a wide geographic area and affects a large number of people. The word “pandemic” is composed of two Greek words which indeed denote this: an event that concerns a large number (pan) of the people (demos). In this sense, the world is now faced with three pandemics: coronavirus, climate change and migration. The health pandemic has brought to the forefront a host of economic problems. Some are the [...]

December 20th, 2020|Greek Business File|

Greek Business File: Thirty years of extroversion

It is a strange year the one that marks yet another milestone for the history of our publishing house. In 2020, Oikonomiki Epitheorissi, the flagship of the Economia Group, published its 1000th issue. Oikonomiki Epitheorissi started in 1934 under the name “Viomichaniki Epitheorissis” and with the vision of its founder and publisher, Spryros Vovolinis, to create a Greek media with the word “extroversion” in its heart. Three decades later, the growing international interest in the Greek economy led to the [...]

December 17th, 2020|Greek Business File|

Cosco- Greek port development authority: At odds over Piraeus

Since China’s Cosco Shipping Group acquired a majority stake in PPA (Piraeus Port Authority) in 2016, container traffic through Greece’s major port has grown at a steady rate. Long considered the success story of Greece’s lagging privatization program, PPA is listed on the Athens Stock Exchange and consistently reports profits. A transshipment hub for the Mediterranean and the Black Sea, Piraeus handled 5.65 million twenty-foot containers in 2019, a 15.1% increase over the previous year. First-half results this year showed [...]

December 15th, 2020|Greek Business File|

Greek pharmaceutical industry: Vibrant but not cutting – edge

The Greek government is looking for a road map to create an innovative, cutting –edge and extrovert pharmaceutical industry. The country already has “a domestic vibrant but not exactly cutting-edge pharmaceutical industry” as the Prime Minister of Greece, Kyriakos Mitsotakis, noted in an online meeting with the heads of top pharmaceutical firms and experts. Now Greece needs to develop a strong and competitive biopharmaceutical sector based on research and innovation. Suggestions made by the industry representatives, many of which have already [...]

December 14th, 2020|Greek Business File|

Christos Staikouras: The private sector will have key role in the Recovery and Resilience Plan- The 4 pillars of investments

The draft of the Greek National Recovery and Resilience Plan (RRP) has been submitted to the European Commission. It is a plan based on two parallel lines of action: investment and reform. The ultimate goal is to cover the investment, output and employment gap in Greece. To this end the mobilization of private sector resources is deemed essential. Ιn his speech at the Economist event “ EU Recovery and resilience fund for Greece: European Green Deal – Digital transformation – [...]

December 10th, 2020|Greek Business File|

Greek companies: The higher the wages, the more the exports

In the debt crisis era, labor cost in Greece was attacked as one of the reasons of the country's low competitiveness. The loss of international competitiveness of the Greek economy was associated with a rapid increase in labor costs in the period up to 2009. Under the three Economic Adjustment Programs, Greece cut drastically wages (both in the public and private sector). Still, the export performance of the Greek companies did not meet expectations. A recent study entitled: “Openness, Expοrts [...]

December 9th, 2020|Greek Business File|

Made for Gods and heroes: Greek marble conquers the world

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 target markets. And it succeeded. It managed to increase exports, keep jobs and wages stable during the crisis era. Nowadays, its numbers are impressive: 76 [...]

December 8th, 2020|Greek Business File|
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