MacroPolis

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”.

Extensive Covid-19 impact and slow recovery seen by most business sectors, research shows

Research by the ICAP group has looked into which areas of the economy were hardest hit by the pandemic and estimates that many businesses will see a notable drop in revenue compared to 2019.

Growing concerns over second lockdown in food service sector, a key employer

Greece’s catering sector is bracing for the impact of new measures to contain the virus and sounding the alarm that the industry cannot survive a second lockdown.

Microsoft deal welcomed as Greece vies for more foreign investments

Microsoft has announced plans to create three data centres in Greece in a much-needed boost for the country’s investment profile as part of its "GR for GRowth" initiative.

Greek businesses under pressure due to late payments, survey shows

Intrum has released its latest European Payment Report (EPR) which outlines how late payments impact the business outlook across Europe.

Trade deficit falls by 17.1 pct in July

Greece’s trade deficit fell by 17.1 percent year-on-year (YoY) in July compared to a drop of 10.3 percent in June, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed.

Data shows export market shake-up amid pandemic

Greece’s exports have been impacted by the pandemic, though not all markets were hit in the same way according to the latest data.

New data highlights pandemic impact on enterprises as turnover falls sharply

The Hellenic Statistical Authority (ELSTAT) has released a set of data showing the impact of the coronavirus pandemic on businesses in Greece.

Trade deficit falls by 10.3 pct in June

Greece’s trade deficit fell by 10.3 percent year-on-year (YoY) in June compared to a drop of 47.7 percent in May, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.

R&D and innovation remain low in Greece, OECD finds

The OECD 2020 report on Greece highlights a persisiting lack of R&D and innovation in the economy and lower productivity compared to other countries.