Features
Detailed SME study shows crisis impact and business evolution
The first annual survey of small and medium-sized enterprises (SMEs) carried out by the Institute of Small Business of the Hellenic Confederation of Professionals, Craftsmen and Merchants (IME GSEVEE) has illustrated the challenges faced by SMEs in recent years and called for measures to support them.
Greece tax wedge rises two places to 13th highest among OECD countries, report finds
The Organisation for Economic Cooperation and Development (OECD) has published a bulletin on the taxation of wages in various countries which shows the high levels of tax that Greek workers’ wages are subject to.
EC report analyses state of play with privatisations as HELPE hits obstacle
The European Commission’s (EC) update on its enhanced surveillance report on Greece, released on April 3, contains a number of points including the current state of play with privatisations.
BoG data shows that overseas property investment revenue accelerated in 2018
Property investments from overseas parties have picked up in recent years in Greece, as illustrated by figures from the Bank of Greece (BoG) which showed that 1.35 billion euros worth of foreign property investments were made in Greece in 2018.
EastMed pipeline close to high-level agreement, but still a long way from becoming reality
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The EastMed pipeline project is approaching another milestone, with a summit due to take place between Israel, Cyprus and Greece in Jerusalem on March 20.
Tourism institute shows international flight seat schedule to Greece down by 7 pct in 2019
A study by the Institute of the Greek Tourism Confederation (INSETE) has projected that international tourist arrivals could drop by up to 7 percent in 2019.
Short-term rentals raise rents by average of 8.3 pct, study indicates
A survey by Grant Thornton Greece commissioned by the Hellenic Chamber of Hotels has indicated the alleged impact of the short-term rental market in Greece.
Bank of Greece outlines challenges to SME funding, gaps in knowledge
The Bank of Greece (BoG)’s December 2018 economic bulletin laid out some of the funding challenges faced by Greek SMEs from 2014 to 2017.
PPC lignite unit bids fall flat in blow to privatisations
The Public Power Corporation’s (PPC) divestment of 40 percent of its lignite capacity has hit an obstacle as it emerged that the bid process for two lignite units had attracted very little interest.
Study casts light on unusual export profile, identifies areas for improvement
A study by the Dianeosis thinktank has shown that Greece’s export sector is hampered by public administration, structural barriers and introversion, and recommended several measures for both policy-makers and businesses.