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

Greek Business File

ING Think: Greece in 2021, between vulnerabilities and opportunities

Author: Paolo Pizzoli "The tourism-related service sector is a lingering point of vulnerability for the Greek economy" estimates ING Think. The Economic and Financial Analysis group of ING, in its article,  notes: "Greece suffered the Covid-19 shock with somewhat of a delay. Having been little hit by the infection in the first quarter, it fully felt the shock over the second when the economy contracted by an unprecedented 14% quarter-on-quarter. This reflected the effect of containment measures on an economy [...]

November 17th, 2020|Greek Business File|

Going green: Five new solar photovoltaic projects in Greece

Piraeus Bank SA  and National Energy Holdings Limited (National Energy) announced the signing of a Bond Loan facility of circa €22 million to finance the construction of five (5) solar PV projects in Greece with total generating capacity of 24 MWp. The projects are located in central Greece and will produce enough electricity to power the electricity consumption of ca. 10,000 homes and will also reduce ca. 23,000 tons of CO2 from the emissions to the environment for each year [...]

November 16th, 2020|Greek Business File|

Sea, sun and low taxes: Greece lures foreigners with tax breaks and investment schemes- All you need to know

By Symela Touchtidou “Digital migrants”, youth of the “brain drain generation”, pensioners and wealthy individuals from all over the world. What do they have in common? They are on the list of the Greek government that seeks ways to boost the economy and reverse the brain drain of the crisis era. To this end, it has launched different schemes aiming at different groups. Let’s have a look A 50% tax break for workers that move in Greece from abroad. The [...]

November 14th, 2020|Greek Business File|

A path forward

Greek Business File, September-October 2020, No 127 China-EU The challenges in economic cooperation China is by far the largest emerging economy in the world, and the European Union is the largest consortium of developed countries. China and EU represent about one fourth of the world’s total population, nearly 40% of the world’s total economic output, and nearly one third of the global trade. 2020 is the 17th year since the establishment of the China-EU comprehensive strategic partnership, it is also [...]

November 12th, 2020|Greek Business File|

Cook more, spend less: Consumer trends in Greece’s second national lockdown

Cooking, cleaning, digital socializing: Greeks adopt their consumer behavior to the second lockdown of the country. According to the latest report on Greek Consumer Trends by the Institute of Retail Consumer Goods, IELKA, Greeks return to the habits adopted during the first national lockdown, in spring: 1. Cooking at home, as well as preparing home made sweets and coffee 2. Taking general care of the house, cleaning, making repairs, gardening, etc. 3. Using more the social media Nowdays, though, there [...]

November 12th, 2020|Greek Business File|

Nagorno-Karabakh peace deal: a first assessment

By Sotiris Roussos, Associate Professor, University of Peloponnese & Head of the Centre for Mediterranean, Middle East and Islamic Studies (www.cemmis.edu.gr) – Source: ENA Institute for Alternative Policies (www.enainstitute.org/en/) The agreement between Armenia, Azerbaijan and Russia is a clear victory for Azerbaijan and Turkey and a bitter defeat for the Armenians. Both sides acknowledge this. Armenians are losing much of their territory outside the Nagorno-Karabakh enclave they occupied in 1994 and the corridor connecting them to Armenia, except for a [...]

November 12th, 2020|Greek Business File|

IUCN: One million tonnes of plastic in the Mediterranean Sea- Over 200,000 tonnes leak each year

A new report by International Union for Conservation of Nature (IUCN) finds that an estimated 229,000 tonnes of plastic is leaking into the Mediterranean Sea every year. This is equivalent to over 500 shipping containers each day! Unless significant measures are taken, the reports notes, this will at least double by 2040. Macro-plastics resulting from mismanaged waste make up 94% of the total plastic leakage. Once washed into the sea, plastic mostly settles in the sediments in the form of [...]

November 11th, 2020|Greek Business File|

Significant 2P reserves increase at Energean’s Israeli Assets

Energean announced the completion of an independent Competent Persons Report (“CPR”) by DeGolyer and MacNaughton (“D&M”), which certifies 98.2 Bcm (3.5 Tcf) of gas and 99.6 million barrels of liquids (“MMbbls”) gross (Energean 70%) 2P reserves in the Karish, Karish North and Tanin fields. Εnergean’s gross 2P reserves in Israel now total approximately 729 million barrels of oil equivalent (“MMboe”) which represents a 44% uplift to previously estimated 2P reserves. The increase was principally driven by the upgrade of resources [...]

November 10th, 2020|Greek Business File|
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