Features
Working-class homes or millionaires' mansions - what's going under the hammer in property auctions?
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On Wednesday 21 March, a familiar scene played out outside the offices of a notary in central Athens. A few dozen protesters organised by the anti-austerity “I Won’t Pay” movement and the political parties Popular Unity and Course for Freedom clashed with police as they tried to obstruct the scheduled auctions of foreclosed properties.
Self-employed paying less for social security contributions, Labour ministry reports
Data from the Labour Ministry has shown that a higher percentage of non-salaried workers will pay a minimum monthly social security contribution this year compared to last year, though the average amount payable has declined year-on-year.
Greek health care spending in the spotlight
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The world of Greek politics is being consumed by a price-fixing scandal centred on the Swiss pharmaceutical company Novartis, and its alleged links to senior Greek politicians between 2006-2015.
Manufacturing wage cuts were turned into profit, GSEE study claims
A study by the General Confederation of Greek Workers (GSEE) has stated that lower wages during the crisis resulted in greater profit margins for companies rather than lowering prices.
Piraeus Port Authority lays out major development plans
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Piraeus Port Authority (PPA) on Monday unveiled its ambitious 10-year investment plan, involving an estimated 500 million euros in investments.
Grand projects and even loftier ambitions drive Greece's energy project bonanza
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Following a bleak few years, Greece’s energy sector is starting to show significant potential, with several major projects moving forward.
Business balance positive in 2017, small companies continue to dominate
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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.
Athens set to profit from falling borrowing costs as yields drop ahead of review completion
Greek borrowing costs have dropped significantly as the country nears the completion of what is meant to be its final adjustment programme.
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.