Greek Business File2021-10-11T13:39:40+03:00

Greek Business File

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

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, deputy Minister of Finance, responsible for the Financial System, during his speech at Fin Forum 2021. In an article written for Greek Business File, G. [...]

March 5th, 2021|Greek Business File|

Russia- Greece: “Unorthodox” partners

A report from the Centre for the Study of Democracy, a Sofia-based thinktank, suggests that Moscow’s “malign” influence on strategic decision-making in southeast Europe remains strong, even though Russian economic power has weakened in recent years with the gradual opening up of the region’s energy markets. Russia continues to disrupt economic policymaking and promote divisive agendas across the southern Balkans regardless of countries’ commitments to deepening relations with the EU. The report argues that in Greece, Russian companies, both state-owned [...]

February 26th, 2021|Greek Business File|

Yannis Stournaras: “The pandemic works as a catalyst”

Yannis Stournaras, Governor of Bank of Greece, argues that the pandemic shock has incurred significant costs but has also had benefits for the Greek economy. At the EU level, he argues the Recovery and Resilience Facility is the first, albeit small, step towards a more federal fiscal policy in Europe and asks for further initiatives towards political integration for the EU not to stay behind. In an exclusive interview to Antonis Papagiannidis and Alexandra Vovolini, the Governor of Bank of [...]

February 20th, 2021|Greek Business File|

The Recovery and Resilience Plan of Greece: What is it about

Investment and reform are the main ingredients of the National Recovery and Resilience Plan (NRRP) of Greece. The country is entitled to €32 billion in grants and cheap loans. Investments to cover the investment, output and employment gap in Greece. Reforms to make sure that this time the money flowing in the country will be directed to fruitful projects and will not be wasted on reproducing a productive model that has been proven inadequate, to say the least. Following the [...]

February 15th, 2021|Greek Business File|

Ioannis Varvakis: The man who sold caviar to the world- A pirate that became national benefactor

by George Vailakis Ηe is an internationally famous figure who started as a pirate, then found himself protected by Catherine the Great in Russia and very quickly became rich in the Caspian Sea. He is the man who made caviar fashionable. He was a multifaceted personality of pre-revolutionary Hellenism, who gave his soul and money for Greece and the Greek revolution when it broke out. In his long journey he went from selfishness to vast generosity. Ηis story could well [...]

February 9th, 2021|Greek Business File|

“How to spend it”: Greek Business File explores the plans for the €32 billion of the Recovery Plan

The January/February 2021 issue of Greek Business File (GBF) is dominated by the great challenge of surviving the pandemic and building a sustainable future. The well of the issue is dedicated to the Recovery and Resilience Plan (NRRP) of Greece. The country is entitled to €32 billion in grants and cheap loans from EU’s Recovery and Resilience Facility. Investment and reform are the main ingredients of Greece’s NRRP. Papageorgiou General Hospital: Greece’s first smart hospital, pages 26-27 The [...]

February 5th, 2021|Greek Business File|

Holocaust remembrance

by Photini Tomai* On November 1st, 2005, the United Nations Assembly unanimously designated this day, to urge the nations of the world to observe it so that future generations will be spared acts of genocide. To this day, USA, Canada, Australia, the OSCE countries, among which Greece too, commemorate the Holocaust on 27 January. For Greece, this day was established in 2004 with a law voted by the Greek Parliament; a presidential decree passed in 2005 regulates the commemorative events [...]

January 27th, 2021|Greek Business File|

I. Kapodistrias: The man who wrote the first chapter of modern Greek history

In January 1826, in Bern, Switzerland, Ioannis Kapodistrias, a Greek diplomat, swore faith to the new Emperor of Russia, Nicholas I and assisted in the commemoration of Alexander I at the local embassy. The news of the fall of Missolonghi in Greece urged Kapodistrias to visit Paris, the Netherlands, and Paris again to influence the public opinion. During his last trip, he was informed that the Third Greek National Assembly of Troezen had elected him as Governor of the Greek [...]

January 21st, 2021|Greek Business File|
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