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small businesses

Eurobank Extends Deal with EIF, Doubles Funds for Small Businesses

Eurobank extended last year’s agreement with the European Investment Fund (EIF) to provide financing for small businesses, doubling the amount of available funding to 260 million euros, the Greek bank announced on Wednesday. Small businesses form the backbone of Greece’s...

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...

Greece at Top of Small-Medium Business Taxation

Greece is ranking at the top of European Union countries with the highest taxation on small and medium-sized enterprises (SMEs), according to an Organization for Economic Co-operation and Development (OECD) survey. Greece is at 29 percent, after the new tax...

Bad Loans Amendment Tabled by Outgoing Minister

Nikos Dendias tabled his last regulation as Minister of Development earlier today. He was later sworn before the Archbishop of Athens and All Greece Ieronymos as the new National Defense Minister replacing Dimitris Avramopoulos. The amendment regards bad business loans...

Fast Food and Beauty Salons Thriving in Economic Crisis

Fast food restaurants and beauty salons are the businesses thriving in Greece during the economic crisis, as revealed by a secret survey. The survey was conducted by a Task Force for Greece in partnership with the European Commission in four...

Half of Small Greek Businesses on Brink of Closure

The combination of increased financial obligations and reduced income is driving small businesses in Greece to the verge of closure, new research shows. According to a study by the Small Enterprises’ Institute of the Hellenic Confederation of Professionals, Craftsmen and...

60,000 Small Businesses to Close

According to the interview of the president of the Athens Chamber of Handicrafts, Pavlos Ravanis, to the Austria Press Agency (APA) on April 25, 60,000 more small businesses in Greece are going to close in 2013. Ravanis added that this...