ECONOMY

out-of-court-streamlining0
ECONOMY

Since last Monday the process of streamlining troubled companies has been taken out of the courtroom, in the context of the new bankruptcy law.


economic-sentiment-index-rises-in-february0
ECONOMY

Greece’s economic sentiment index rose slightly to 91.9 points in February from 90.7 in January, the Foundation for Economic and Industrial Research (IOBE) said on Monday.

blow-against-fake-furloughs0
ECONOMY

The Labor Ministry’s decision to change the declarations of workers on furlough has put up a barrier against a new form of undeclared labor that recently swept the market.

Most non-doms choose to invest in property assets in Greece.
ECONOMY

Wealthy foreigners who have relocated their tax domicile to Greece – mostly diaspora Greeks involved in shipping – invest in real estate and non-listed companies.


e-commerce-turnover-at-e11-bln-in-20200
ECONOMY

Provisional estimates put electronic commerce turnover in Greece at 11 billion euros last year, posting an annual jump of 35%, Athens University for Economics and Business Professor Giorgos Doukidis said.

document-submission-online0
ECONOMY

Aspiring entrepreneurs are now able to launch their business activity by taking care of all the necessary paperwork work online.


An employee works at a Greek Manpower Employment Organisation (OAED) office in Kalamaki suburb near Athens, February 15. [Costas Baltas/Reuters]
RED TAPE

Before Covid-19, visits to Greece’s paper-strewn labor offices were an ordeal of queues and case files, often for basic matters that in less than a year have moved online as the pandemic upended old administrative routines.



new-budget-burden-of-e2-6-bln0
ECONOMY

The European Commission expects an extra burden on the state budget from the stricter lockdowns in Greece amounting to 2.6 billion euros or 1.5% of gross domestic product.


growth-targets-become-even-more-elusive0
ECONOMY

The Finance Ministry is increasingly leaning towards the forecast of the European Commission for a 3.5% growth rate of the Greek economy this year, as the current conditions with the extension of the strict lockdown in various parts of the country have rendered the budget target of 4.8% difficult to attain.

wealth-gaps-to-widen-in-europe0
CORONAVIRUS

The Covid-19 pandemic is likely to widen wealth gaps in Europe unless policymakers help end the health crisis globally, support economies until the pandemic is over and invest in making economies greener, the International Monetary Fund said on Monday.

blueprint-to-stem-anticipated-layoff-wave0
ECONOMY

The government is preparing for the day after the pandemic, amid fears that the first few months after the lifting of lockdown measures and the restoration of normalcy will come with more businesses closures and more layoffs than seen during the pandemic.