Greece
Business
Upcoming Webinar to Focus on Greek Businesses’ Start-Up to Scale-Up
Kostas Fragogiannis will join the Hellenic Innovation Network (HIN) webinar on April 8 on Greece’s economic diplomacy supporting businesses.
Business
Six Out of Ten Greek Businesses in Liquidity Crisis After Lockdown
Six out of 10 businesses face liquidity issues, with only enough cash reserves to continue operating for less than six months -- while three in ten have zero cash reserves and only 15 percent sufficient liquidity to last more...
Economy
Coronavirus Pandemic: EU Approves €2 Billion Aid Package to Support Greek Businesses
The European Commission has approved a 2 billion euro Greek aid scheme to support the Greek economy in the context of the coronavirus outbreak.
The scheme was approved under the State aid Temporary Framework adopted by the Commission on March...
Business
Data Shows 3 Out of 10 Greek Businesses Set Up During Crisis Failed
According to a study which was recently conducted and published by Greece's Center of Planning and Economic Research, three out of every ten businesses that began their operations between 2008 and 2018 failed to survive.
The overall failure rate for...
Economy
Property Taxes to Be Reduced For Greek Businesses and Individuals
The government's new tax legislation, which was brought before Parliament last week, envisages more favorable provisions for taxpayers, both private and corporate, to settle their debts with tax agencies.
Under the proposed legislation, which will be debated and voted on...
Business
PM Tsipras Calls on Greek Businesses to Invest in North Macedonia
Greek entrepreneurship could play a key role in North Macedonia's economic growth, Prime Minister Alexis Tsipras stated on Thursday during his visit to Thessaloniki.
“Greek entrepreneurship has the potential to play a dominant role in North Macedonia's economic growth, with...
Crime
One-in-Two Greek Businesses 'Breaking Tax Laws'
One-in-two Greek businesses audited in the first quarter of 2018 were found to have committed some kind of tax offense, according to the Independent Authority for Public Revenue (AADE).
AADE agents found that 50.2 percent of businesses audited had violated...
Economy
What is GDPR and How it Affects Greek Businesses and Data Privacy
You may have noticed your email inbox full of messages about something called GDPR. Friday will see this General Data Protection Regulation roll out across the EU -- including Greece -- representing the biggest change in European online data and...
Economy
Piraeus Bank, EIB, EBDR, Sign €700 Million Investment Deal for Small Greek Businesses
Piraeus Bank, Greece's biggest lender, has signed a new investment deal for small and medium sized companies with the European Investment Bank (EIB), the European Investment Fund (EIF) and the European Bank for Reconstruction and Development (EBRD), worth 700...
Business
EIB to Help Piraeus Bank in Supporting Small Greek Businesses
The European Investment Bank (EIB) has announced it will invest 350 million euros in Piraeus Bank covered bond next month, as part of efforts to increase small business lending in Greece.
This will mark the first time that an international...
Business
More than 14 Thousand Greek Businesses Go Bust in Last Six Months
Over the last six months, 14,198 enterprises closed down according to data released on Tuesday by the Greek General Business Registry.
Although 16,479 new business opened in the same period, commentators say that most of the start-ups are small, with...
Crime
Authorities to Audit 70 Greek Businesses Based in Bulgaria
The Independent Public Revenue Authority is conducting extensive audits on 70 Greek businesses based in Bulgaria, according to agency officials.
The aim of the public revenue authority is to determine whether the companies are actually active in the neighboring...
Business
Finance Ministry Plans to Crack Down on Greek Businesses Slipping Through Tax Borders
Tax borders are about to become less easy to slip through for Greeks who become residents of countries with lower tax rates than Greece in order to save themselves some money.
According to sources, the Finance Ministry has proposed a...
Economy
Mass Exit of Greek Businesses and Professionals Seeking Tax-Friendly Countries
The tax office of Greeks living and working abroad is receiving thousands of applications from businesses and professionals who try to flee Greece after the implementation of the new, heavy taxes and security contributions.
Other than relocating abroad, businessmen and...
Business
Survey Reveals Greek Businesses Set-up Ghost Companies in Bulgaria
The University of Bristol has conducted a survey which shows that a large percent of the Greek companies in Bulgaria are actually nothing more that ghost companies created to evade taxes.
The survey showed that of the 14,000 Greek-owned companies...