Features
BoG highlights strong year for property in 2019 but warns of Covid-19 impact in 2020
The Bank of Greece (BoG) has made its first estimate of the impact of the coronavirus on the property market in Greece while outlining the positive year enjoyed by the sector in 2019.
E-commerce businesses report drop in sales due to Covid-19
The impact of the coronavirus, which has led to the shuttering of most retail stores, has also prompted a sharp drop in online sales according to a new survey.
Tourism industry braces for outcome of gloomy Covid-19 scenarios
As the impact from the coronavirus spreads across Europe, the consequences are already being felt across Greece’s vital tourism sector with fears growing that the summer season could be lost.
Greek hotel industry reports COVID-19 related losses of half a billion to date
The Hellenic Chamber of Hotels (HCH) has released a survey showing the first estimations of the impact on Greece’s hotel industry due to the coronavirus epidemic.
Sharp rise in M&A activities as 2019 proves record year
Mergers and acquisitions rose significantly in Greece in 2019 according to data collected by PricewaterhouseCoopers Greece (PWC), which points to improving investor and business appetite in the country.
EU main destination for exports in 2019, fuel and pharmaceuticals lead way
Greece enjoyed a record year for exports in absolute terms according to research released by the Panhellenic Exporters Association (PSA) combining data from the Hellenic Statistical Agency (ELSTAT).
Hotel industry sees investment in high-end units, but hampered by seasonality
The Greek hotel sector reported strong performance in 2019 with revenues rising by 7.3 percent year-on-year (YoY) according to data presented by the Hellenic Chamber of Hotels (HCH).
New businesses lowest in Greece versus EU with funding obstacles burdening enterprises
The creation of new enterprises in Greece is the lowest in the European Union (EU) according to data from Eurostat, tracking the growth of new businesses in 2017.
Retail market suffers drop in crisis era, shows consolidation towards larger businesses
Greece’s retail market suffered a loss of over 14 billion euros across the crisis years according to data presented by the Hellenic Confederation of Entrepreneurship and Commerce (ESEE).
Rise of exports slowed in 2019, with goods suffering dip
Greek exports appear to be undergoing a slowdown according to the latest export figures available, showing that in 2019, exports of goods grew by only 1 percent year-on-year (YoY).