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Photo by MacroPolis Post-Covid era dawns on new landscape for bad debt in Greece

By: Georgia Nakou

At the peak of the Greek financial crisis, Greek banks had accumulated over 100 billion euros of bad loans. At the time, almost half of their outstanding loan amounts fell into this category, with borrowers falling behind on their repayments or deemed as being unlikely to pay.

Photo by Gerasimos Domenikos/Fosphotos Company closures dropped sharply during the pandemic

The number of enterprises in Greece that closed last year fell by more than a fifth last year, while the number of new start-ups was virtually unchanged from the year before, according to data from the Hellenic Statistical Authority.

Photo via https://flic.kr/p/4YVJXw Many obstacles to clear in Greece's digital leap

By: Georgia Nakou

Announcing 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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