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Survey illustrates extent of pandemic impact on firms amid recovery hopes
EconomyFeaturesThe fourth survey by the Hellenic Federation of Enterprises (SEV) on business expectations suggests that Greek firms have been seriously impacted by the Covid-19 crisis and, although, they would like more support, they are hopeful of recovering soon.
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Greece maintaining investors' interest, EY survey finds
EconomyFeaturesA survey by Ernst & Young (EY) following up from their Attractiveness Survey Europe 2020 earlier in the year has found that investment interest in Greece for the post-pandemic period remains steady.
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Mitsotakis showcases digital successes in drive to attract inward investment
PoliticsGreek PoliticsSince coming to power in July 2019, the New Democracy administration has been promoting an economic growth agenda based on attracting digital and green investments, and it is now able to point to the launch of a number of flagship projects.
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EIB investment survey points to diminished investment appetite
EconomyFeaturesThe European Investment Bank has released its annual investment survey, showing that for the first time since the survey started five years ago, investment sentiment has largely turned negative across the European Union.
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Exporters focus on new markets to weather pandemic
EconomyMacroeconomyGreek exporters are continuing their efforts to ride out the coronavirus pandemic and its second wave by looking at how to change their export profile and tap into new export markets.
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Many obstacles to clear in Greece's digital leap
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EconomyFeaturesAnnouncing the establishment by Microsoft of a regional cloud computing hub in Greece, Prime Minister Kyriakos Mitsotakis said that his government was focussing on “the digital transformation of government and the economy” as a critical step in achieving “Greece’s leap into the future, placing Greeks among the winners of the 4th industrial revolution”.
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Extensive Covid-19 impact and slow recovery seen by most business sectors, research shows
EconomyMacroeconomyResearch by the ICAP group has looked into which areas of the economy were hardest hit by the pandemic and estimates that many businesses will see a notable drop in revenue compared to 2019.
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Growing concerns over second lockdown in food service sector, a key employer
EconomyFeaturesGreece’s catering sector is bracing for the impact of new measures to contain the virus and sounding the alarm that the industry cannot survive a second lockdown.
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Microsoft deal welcomed as Greece vies for more foreign investments
EconomyFeaturesMicrosoft has announced plans to create three data centres in Greece in a much-needed boost for the country’s investment profile as part of its "GR for GRowth" initiative.
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Greek businesses under pressure due to late payments, survey shows
EconomyFeaturesIntrum has released its latest European Payment Report (EPR) which outlines how late payments impact the business outlook across Europe.