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More than half of small businesses saw turnover dive by at least 50 pct due to capital controls

Tue, 04 Aug 2015 11:10:00 GMT

in a sample of 1,005 very small and small companies. According to the survey, more than half of firms reported a drop in their turnover of more than 50 percent, with 32 percent indicating a decline exceeding 70 percent. Overall, nine out of ten companies saw a decline in their revenues with the overall

Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence

Wed, 24 Mar 2021 15:25:00 GMT

Greece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern

Newsletter 337 - 13/05/2022

Fri, 13 May 2022 10:08:00 GMT

than before the crisis began. Although details about exactly how the price cap will work have... that it may be even smaller. The size of the “windfall” is much smaller than the 1.5 billion euros... for the last nine months. This week also saw the debut of third party Movement for Change (KINAL

Helped by trading gains, Eurobank posts 305 mln in Q1 profits

Thu, 26 May 2022 11:44:00 GMT

Eurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year. Core pre-provision income (PPI) rose by 10.4 percent year-on-year (YoY) in Q1 to 240.4 million euros, with 62.1 million euros of loan loss provisions

Newsletter 305 - 16/07/2021

Fri, 16 Jul 2021 05:16:00 GMT

than a third, according to some polls) is sceptical or completely opposed to the vaccines... October are thought to have exacerbated the second Covid wave in Greece. Wednesday saw the first mass..., and others putting the estimate at more than 5,000. The protesters, many carrying Greek flags, while

Lowest income groups in Greece saw wages drop and taxes rise most during crisis

Wed, 25 Mar 2015 09:53:00 GMT

Lower income groups in Greece saw their tax burden increase by 337.7 percent from 2008 to 2012... exacerbated by the fact that the tax burden on the weaker groups of the population was much heavier than... percent from 2008 to 2012, the bottom three income groups saw their earnings from wages sink the most

IMF examines where programme went wrong, what lessons were learnt

Wed, 08 Feb 2017 10:01:00 GMT

a preference for an ambitious, front-loaded adjustment, the report notes that the IMF clearly saw... projections, largely due to lower growth and deflators, while unemployment was much higher than originally... and the OSI, public debt recorded a relatively modest immediate decrease to 305 billion euros (160 percent

The year that Greece (nearly) saw it all

Wed, 23 Dec 2015 13:04:00 GMT

the eurozone many more. They saw SYRIZA come to power from virtually nowhere a few years earlier. Negotiations with the eurozone took on a much more confrontational tone than ever before, resulting... than this Jun 27 Politics The main political scenarios ahead for Greece should it reach a deal

Newsletter 478 - 03/10/2025

Fri, 03 Oct 2025 10:10:00 GMT

% of respondents saw real household benefits, while 53% saw none and 22% saw minor gains. In contrast, 70... started picking up. FDI in real estate went from less than 100 million euros per quarter during 2017... to a near two-year low amid vendor discounting. Firms raised selling prices modestly, with one

PM sees 'new Greece' rising from Hellinikon rubble, pledges more aid for struggling firms

Fri, 03 Jul 2020 10:53:00 GMT

that saw a decline of more than 35 pct in their revenues will not have to pre-pay any tax, while those... by the pandemic. At Hellinikon, Mitsotakis saw workmen employed by Lamda Development start to tear down... as a publicity stunt, noting that just five of the 900 buildings are being demolished one year, rather than one