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

Greek Business File

Mass tourism: Blessing or curse for Greece?

Like most have predicted, the 2020 tourism season for Greece has been tough. According to ΙNSETE Intelligence (the Research Institute of the Greek Tourism Confederation) , inbound tourism plunged by 78%. Just 60% of all hotels in Greece operated, most of them for a short period of time. Average occupancy rates during the summer period dropped to 23%, bringing in less than €2.8 billion in revenue – a 67% drop compared to the €8.5 billion of 2019. “This is an [...]

January 13th, 2021|Greek Business File|

“Greeks are ahead of the global crypto trend”: N. Platias talks about the immense possibilities of cryptocurrencies

"It is promising to see strong Greek cybercommunities in the space contributing to education and networking, notably pioneered by the vibrant and fast-growing Greek Cryptocurrency Community. There are strong signs that Greeks are ahead of the global crypto trend and will play a key role in shaping its future." "Consumers use Chai to purchase goods and services across dozens of e-commerce merchants" Nicholas Platias, Head of Research at Terra, the cryptocurrency used by Chai, believes Greece can play [...]

January 8th, 2021|Greek Business File|

Greece- Turkey: Troubled waters, troubled economic relations, a lose-lose situation

By Symela Touchtidou-@stouchtidou For neighbors being so close, Greece and Turkey are not close economic partners. Bilateral trade is subdued, cross-border investments and tourism are restrained. And they have been further shrinking in 2020. Is it the result of the pandemic crisis that hit the global economy? Or is it the product of rising tensions between the two countries that brought them on the brink of a conflict in the summer of 2020? “Mostly it is due to the deterioration [...]

December 30th, 2020|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|
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