New businesses lowest in Greece versus EU with funding obstacles burdening enterprisesEconomyFeatures
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 businessesEconomyFeatures
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 dipEconomyFeatures
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).
Bumper year for business launches in 2019, according to registryEconomyFeatures
Data from the General Commercial Register database (GEMI) has shown that the number of companies launching as opposed to closing hit record levels in 2019.
Hellinikon runs into another stumbling block as casino tender faltersEconomyFeatures
The Hellinikon project appears to have run into delays again as complications have arisen in the tender for the permit to build a casino resort on the site of the former Athens airport.
Greece falls to 79 out of 190 economies in ease of doing business rankingEconomyFeatures
The latest Doing Business Indicators report for 2020 by the World Bank Group has shown that Greece fell to number 79 out of 190 economies worldwide.
Greece tugged down in WEF competitiveness ranking by financial system, institutionsEconomyFeatures
The World Economic Forum’s Global Competitiveness Index (GCI) for 2018 has shown that Greece fell two places in a year, standing at number 59.
New twist in Hellinikon saga as Lamda goes it aloneEconomy
Developments in Greece’s marquee privatization project at Athens’s former airport took an unexpected turn on Wednesday when it was announced that the foreign investors participating in the consortium formed to acquire the property have withdrawn.
Mitsotakis in Berlin with limited expectationsPoliticsGreek Politics
Prime Minister Kyriakos Mitsotakis is in Berlin today for his first formal meeting with Chancellor Angela Merkel since winning the national elections.
Capital controls to be abolished ahead of scheduleEconomyBanking
Prime Minister Kyriakos Mitsotakis announced on Monday that the government was moving ahead with the full lifting of the capital controls that have been in place in Greece since the summer of 2015.