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Greece

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...

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...

Coronavirus: PM Mitsotakis Announces Further Financial Assistance to Individuals and Businesses

In his second address to the nation in just a few days, Greece's Prime Minister Kyriakos Mitsotakis announced a series of new measures related to the Covid-19 coronavirus pandemic on Thursday afternoon. PM Mitsotakis said that Athens will be significantly...

Coronavirus: Greece Announces New Measures to Assist Employees and Businesses

Greece's Ministries of Finances, Growth and Investments, and Labor announced a series of additional measures to assist individuals and businesses who are getting hit by the Covid-19 coronavirus pandemic. The measures include thousands of additional nurses and doctors to staff...

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...

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...

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...

High Rents Force Mykonos' Businesses to Shut Down (video)

The high prices owners demand from businessmen to pay for rent at Mykonos' highstreet of Matogianni, has led many businesses to shut down. Residents of the popular Greek island say that some owners ask for outrageously high prices, which include, apart...

Businesses With Macedonian Names and Brands Concerned About Prespa

More than four thousand Greek businesses which have the terms "Macedonia" or "Macedonians" either in their brand names or in their descriptions, are now concerned about what the future might bring. According to Greece’s Kathimerini newspaper, 182 total businesses in Greece have brand...

Experts Warn Macedonian Businesses to Register Trademarks Now

Athanasios Saropoulos, the president of the Central Macedonian branch of the Geotechnical Chamber of Greece, warned on Wednesday that regional agri-food businesses should register their trademarks prior to the ratification of the Prespa Agreement by Greece. Saropoulos said during a...

Cost-Cutting Online Service Slashes Start-Up Times for Businesses in Greece

Dozens of businesses are using a new electronic 'one-stop shop' to slash the time it takes to get a new venture up and running in Greece. The e-YMS system, which began in late July, now has at least 65 businesses...

Top 5 Greek Investment Ideas for Santorini Holiday Businesses

The economic crisis that hit Greece in 2008 destroyed many businesses, big and small, leading hundreds of thousands of Greeks to bankruptcy and unemployment. The austerity that followed the bailout programs led to tight household budgets, making most sectors...

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...