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First Greek Firm Strikes Out-of-Court Debt Settlement Deal

A Greek private services company with arrears of nearly €700,000 ($870,000) became the first business to reach a settlement under a new out-of-court process...

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...

Greek Banks Have Adequate Capital to Fund Real Economy

Greek banks have adequate capital to fund the real economy, both business activity and the retail commerce sector, focusing on commercial credit, bank officials...

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...

Parliament Passes New Legislation to Simplify Initiating Business Start-ups

Draft legislation that simplifies the procedures for starting a new business was passed by the Greek Parliament on Tuesday, with Economy and Development Minister Dimitris...

European Commission Report: Greek SMEs Have Declined Drastically Amidst Financial Crisis

The latest numbers released by the European Commission regarding the number of small and medium-sized enterprises (SMEs) show that in the past 7 years,...

ICAP: One in Five Businesses Heading Toward Bankruptcy in 2017

ICAP, Athens-based market research firm, presented the results of a study on business risk potential at the 9th Credit Risk Management Conference in Athens....

Greece Could See Tremendous Profit from Japanese Shipping Companies Merging

On Monday three Japanese shipping companies announced their intentions to merge, which would result in creating the third largest company of shipping companies with...

Mayor Boutaris Hopes New İzmir-Thessaloniki Ferry Will Help Greek-Turkish Social and Economic Relations

Besides the tension between Greeks and Turks that has been running deep for generations, lately, there has been many efforts to curb hostilities and...

WEF Report Reveals Greece’s Competitiveness Dropped in 2016

According to the Global Competitiveness Report 2016-2017 released by the World Economic Forum (WEF) on Wednesday, Greece has dropped in its competitiveness. Greece came in...

Minister of Energy of Israel to Visit Athens to Discuss Israel-Greece-Cyprus Cooperation

The Minister of National Infrastructure, Energy and Water of Israel, Dr. Yuval Steinitz, will visit Athens on Wednesday September 28, where he will hold...

Marinopoulos Stores to Operate Under Sklavenitis Logo

According to a recent letter sent by Stelios Sklavenitis owner of the supermarket chain, Sklavenitis, to the newly acquired Marinopoulos, part of the stream-lining...

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