Greek Business File2021-05-07T11:37:56+03:00

Greek Business File

Debt and the myth of rational expectations

by Anthony Kefalas The pandemic has exposed the long-simmering problems of casino capitalism: the neglect of public investment, the disinvestment in the welfare state, the rise of oligopolistic structures, the upending of the notion of value creation in favor of value extraction. Most of all it has highlighted the huge rise in inequality – of all sorts and across economic lines and social structures. The list goes on. Central banks have lost power as finance ministries have taken over the [...]

7 Μαΐου, 2021|Greek Business File|

Sustainable Ship Recycling: Turkey-Greece: 8-0

by Dr. Anna Bredima* – The Greek-owned fleet is the biggest in the world. A raft of international technical standards in order to face climate change sends annually a very big number of ships to scrap yards at an increasing pace. The new air emissions standards according to the International Maritime Organization (IMO) and the EU render compliance of the existing fleet financially unsustainable and, hence, guarantee a steady flow of clients for recycling in the future decades. Around [...]

2 Μαΐου, 2021|Greek Business File|

Becoming the Rotterdam of the South: The logistics industry in Greece is booming

by Symela Touchtidou @stouchtidou Total surface area to be built: 300,000 m². Total capital invested: €150 million. New logistics projects in Greece currently under way, mainly in Attiki and Thessaloniki, have mobilized €150 million and will create 300,000 m² of new facilities, according to a survey by the GEOAxIS chartered surveyors. Two main factors are driving this trend: the disinvestment of the debt crisis era and the rapid growth of electronic commerce, further nurtured by the movement restrictions imposed due [...]

24 Απριλίου, 2021|Greek Business File|

Creating a modern spatial planning legislation

by Efthimios Bakogiannis, Secretary General for Regional Planning and Urban Environment One of the key roles of spatial planning is to support developmental choices through spatial receptors and settings. It becomes self-evident that, first, the lack of consistent long-term spatial planning rules makes it difficult to implement various development options (in some cases the above cannot be understood independently of their spatial dimension) and cancels the effectiveness of economic planning. At the same time, it leads to dangerous and anarchic [...]

21 Απριλίου, 2021|Greek Business File|

Spatial planning: Time to deliver- The new GBF issue is out

“Spatial planning: Time to deliver”: The March/April 2021 issue of Greek Business File (GBF) is dedicated to a key instrument of a country’s development and investment. Greece is a rare example of a European country that lacks a comprehensive and effective spatial planning system. GBF looks into the 2020 “Modernization of urban and spatial planning legislation”. Efthimios Bakogiannis, Secretary General for Regional Planning and Urban Environment, presents the government’s policy for a horizontal intervention to provide environmental, growth and social support. [...]

15 Απριλίου, 2021|Greek Business File|

Holiday homes – the new “hot” trend in the post pandemic era

by Symela Touchtidou, @stouchtidou Undoubtedly, tourism is one of the sectors hardest hit by the global pandemic crisis. There is one sector, though, that has showed remarkable resilience to the pandemic crisis and is expected to boom when restrictions are lifted. The holiday home market. Why? As many tourism experts note, traveler preferences and behaviors have shifted toward the familiar, predictable, and trusted. “Throughout 2020, the interest of potential buyers for holiday homes remained unchanged,” John Revithis, CEO of the Real [...]

29 Μαρτίου, 2021|Greek Business File|

Four non systemic opposite to the four systemic: The other banks of Greece

As Greek systemic banks remain trapped in overwhelming non performing loan levels, non-systemic banks are rushing to make up lost ground promising more generous lending for Greek businesses. In 2020, Greek financial institutions granted over €20 billion in loans to households and businesses – a record lending level in the country for the last decade. A considerable part of this lending was facilitated though pandemic related national guarantee schemes, as well as bank-specific programs designed specifically for supporting the vulnerable borrowers in [...]

17 Μαρτίου, 2021|Greek Business File|

The retail market in Greece in the aftermath of COVID-19: Winners and losers

by Dika Agapitidou, Director, JLL – Athens Economics ltd* It is common to see savings surge and consumption decline in times of acute uncertainty; therefore, it comes as no surprise that the pandemic outbreak, swiftly followed by restrictions on circulation and market activity, undermined the performance of both retail and food & beverage. In turn, these developments impacted the buildings accommodating such uses, both qualitatively and quantitatively, as discussed further down. Indicatively: The retail volume index slipped by 2.8% during [...]

11 Μαρτίου, 2021|Greek Business File|
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