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Business
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The conundrum of Greek olive oil exports By:
EconomyFeaturesA spell of bad weather in olive producing countries means that crops this year are not going to be as productive as previous years. The result is a spike in the price of olive oil.
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China's bumpy road to Greece By:
EconomyFeaturesAt a time when investments in Greece are considered too risky by most foreign counterparts, Greece has found itself a potential ally in China.
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Legal
The SEKAP case and extrajudicial debt restructuring The law (N. 4469/2017) recently adopted by Greek Parliament, which was published on May 3 and introduces the opportunity of extrajudicial debt restructuring for natural and legal persons under specific conditions has been the cause of much discussion.
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Gucci and Greece’s lost photo opportunity By:
EconomyFeaturesRecently, the Greek authorities were approached by fashion house Gucci for permission to hold a runway event at the Parthenon. The Central Archaeological Council (KAS), which has the final say over such matters, rejected the request, saying that it was out of line with the monuments cultural character.
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Society
Greece near bottom of OECD rankings for spending on R&D Ranked 32nd on a 38-strong list, Greece is lagging behind most other developed countries when it comes to spending on research and development.
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Economy
Number of new companies registering in 2016 half of those in 2008 The number of new companies registered in Greece in 2016 fell by 33 percent from 2012 and halved compared to the 2008 figure, a study by Endeavor titled “Greek Entrepreneurship in Numbers” revealed on Wednesday.
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Society
Only 11.5 pct of Greek businesses made web sales in 2016 While almost 90 percent of Greek businesses have access to the internet, only 11.5 percent reported making any web sales online in 2016, be it through a web shop or app, web data from the Hellenic Statistics Authority (ELSTAT) has shown.
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Greece’s M&A market stagnates during recession By:
EconomyFeaturesMergers and acquisitions (M&As) are an important element to corporate growth but one that Greece appears to be lacking.
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Economy
Greece drops three places to 61st in World Bank's ‘Doing Business’ ranking Greece’s position in the “Ease of Doing Business” ranking deteriorated by 3 spots, the World Bank’s 2017 Doing Business report revealed on Tuesday evening.
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Economy
Greece fell two places to 60th in Doing Business ranking, World Bank says Greece’s position in ‘Ease of doing business’ ranking deteriorated by 2 spots, World Bank 2016 Doing Business report showed.