Greek Business File2021-11-16T14:17:25+03:00

Greek Business File

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

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 the Greek government will introduce a new law that will cut by 50% income tax : for employees (Greek or foreign) that move their tax [...]

November 28th, 2020|Greek Business File|

Guillotine or bonanza?

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 deriving from the Paris Agreement on climate change. The recent adoption of a new European Regulation on taxonomy triggered off the process of an EU-wide [...]

November 26th, 2020|Greek Business File|

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

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 resident in Greece. It will be a precondition if one wishes to stay in Greece for more than 3 months. For UK nationals that register [...]

November 25th, 2020|Greek Business File|

AEGEAN Airlines: Greek government comes to the rescue

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 at a specific date under specific circumstances” as the government spokesperson Stelios Petsas said. The state aid will be provided under the condition that stakeholders [...]

November 24th, 2020|Greek Business File|

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

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 Mitsotakis, in the United Arab Emirates (17-18 of November, 2020).  Greece's diplomacy and foreign policy has shifted its focus from economics to geopolitics.   It [...]

November 20th, 2020|Greek Business File|

Ray of hope lost in the mist of second coronavirus wave- Where does Greece’s economy stand

The first wave of the pandemic hit the Greek economy hard. Tourism, the country’s main driving force, was severely affected. Still, in summer, Greece opened its borders and started receiving thousands of tourists. Q3 GDP is estimated to have recorded a sizeable 7.7% expansion, on a s.a. quarterly basis. Hopes were raised that the damage to the national recovery effort could be contained. But the rebound proved short lived. Before summer ended, the first worrying signs appeared. As the High [...]

November 19th, 2020|Greek Business File|

Ν. Κoukis: “What is in question is what should be common sense”

Greek Business File, September-October 2020, No 127 interview by George Vailakis “What is in question is what should be common sense” Business File discusses with the educator and historian Nikos A. Koukis, the new president of the Hellenic Foundation for Culture What are the most important challenges that the Hellenic Foundation for Culture (HFC) is confronting at the present? The Hellenic Foundation for Culture has to rise to a difficult mission. It is essential that it retraces the thread following [...]

November 19th, 2020|Greek Business File|

A financial hub of Southeast Europe. Can Athens claim the role?

The government of Greece believes Athens can become a leading financial center in the periphery of Southeast Europe. So it prepares a complete makeover of its capital market to make it more appealing to global investors. A Committee of Experts (with members from all capital market institutions) under the auspices of the Greek Ministry of Finances has presented 50 proposals in a plan called the “Hellenic Capital Market Development Strategy”. The plan is based on four pillars: tax incentives for [...]

November 18th, 2020|Greek Business File|
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