MacroPolis

Greece's antitrust damages initiative comes into force

On April 23, 2018, Greece issued Law 4529/2018 implementing the EU Antitrust Damages Directive 2014/104/EU (“the Antitrust Damages Directive”).

EquiFund makes official launch in bid to grow Greek businesses

The hotly anticipated venture capital fund, EquiFund, which aims to foster business growth in Greece was officially launched by prime minister Alexis Tsipras on Monday.

Central Athens shop closures at six-year low, mixed picture in other commercial centres

By: Omaira Gill

A survey by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) has revealed that the number of shuttered shops in Athens’ city centre has dropped to its lowest level since 2012.

HRADF outlines major privatisation plan, no timelines given

The Hellenic Republic Asset Development Fund (HRADF) this week released an outline for the completion of several major privatisations, though no deadlines or timelines were specified.

Business balance positive in 2017, small companies continue to dominate

By: Omaira Gill

Data from the General Commercial Register database (GEMI) has shown that in 2017, the balance of companies which joined the registry as opposed to those which left it was the highest since 2011.

Internet usage high but unexploited by Greek enterprises

The majority of Greek businesses use computers and the internet, but very few exploit the potential of electronic sales according to a survey on e-commerce compiled by the Hellenic Statistical Authority (ELSTAT).

Entrepreneurs show lack of innovation, face many barriers to entry, study suggests

The business environment in Greece continues to pose a challenge for both new and existing entrants according to the Foundation for Economic and Industrial Research’s (IOBE) latest annual report on entrepreneurship in Greece.

Capital controls to be loosened further, restrictions on foreign cash removed

Additional measures to ease the capital controls in place in Greece since 2015 were announced by the Ministry of Finance (MoF) on Tuesday.

Investors voice concerns about delays to Hellenikon as mine talks falter

The development of the former airport at Hellenikon is once again under scrutiny as investors voiced their worries that only one of 10 actions needed to start the project have been completed.

Greek households switch to natural gas in record numbers as winter approaches

By: Georgia Nakou

Record numbers of households and small businesses in Greek cities are switching from oil to natural gas for heating this winter.