MacroPolis

Eighteen core goods led exports during crisis, NBG study notes

By: Omaira Gill

A core group of 18 products made up the backbone of Greek exports during the crisis years, according to a study compiled by the National Bank of Greece (NBG).

More changes needed to unlock private sector's potential, report says

Greece has to take specific steps to unleash the potential of its business economy because the reforms implemented during its three adjustment programmes have not had the desired impact, a study carried out by the German Institute for Economic Research (DIW) argues.

If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study

Enhanced credit card usage in Greece could capture revenues that exceed the annual inflows from the single property tax (ENFIA), a study by the Foundation for Economic and Industrial Research (IOBE) has shown.

Foreign investors positive on Greece but ease of doing business remains low

Greece’s business framework remains complex and lengthy, which could act as a deterrent to foreign investors, according to data presented as a recent business forum.

Report on PPC’s viability ruffles feathers and shakes share price

A leaked report by a consultancy firm on the Public Power Corporation (PPC) sent the majority state-owned entity’s stock price falling earlier this week after it raised concerns about PPC’s viability.

Greece's antitrust damages initiative comes into force

On April 23, 2018, Greece issued Law 4529/2018 implementing the EU Antitrust Damages Directive 2014/104/EU (“the Antitrust Damages Directive”).

EquiFund makes official launch in bid to grow Greek businesses

The hotly anticipated venture capital fund, EquiFund, which aims to foster business growth in Greece was officially launched by prime minister Alexis Tsipras on Monday.

Central Athens shop closures at six-year low, mixed picture in other commercial centres

By: Omaira Gill

A survey by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) has revealed that the number of shuttered shops in Athens’ city centre has dropped to its lowest level since 2012.

HRADF outlines major privatisation plan, no timelines given

The Hellenic Republic Asset Development Fund (HRADF) this week released an outline for the completion of several major privatisations, though no deadlines or timelines were specified.

Business balance positive in 2017, small companies continue to dominate

By: Omaira Gill

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.