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Business

Kelly Vlahakis-Hanks: Managing a Green Giant During the Pandemic

Greek-American Kelly Vlahakis-Hanks, President and CEO of ECOS®, is not just a successful business leader but also an environmentalist.

Greek Insurance Conglomerate Ethniki Sold to Private Fund

The leading Greek insurance company Ethniki Insurance, was sold to CVC Capital Partners Fund VII, a private equity firm.

The Hellenic Initiative Launches Young Entrepreneurs Project

The USA and Greece launched recently a virtual mentorship project called “Connect the Dots,” aimed at helping young Greek entrepreneurs.

Greek Parliament Ratifies Contract for Hellinikon Project

The Greek Parliament ratified a contract transferring partial ownership of the Hellinikon former airport site to Greek developer Lamda.

Greek Shipping Remains Number One in the World

Greece remains the world's largest ship-owning nation, according to new report by the Union of Greek Shipowners (UGS) released on Wednesday.

Prominent Greek Banker Ioannis Costopoulos Dies at 83

Greek banker Ioannis Costopoulos, the Honorary Chairman of the Board of Directors of Alpha Bank, passed away in Athens on Tuesday. He was 83.

Women Hold 33% of Senior Management Positions in Greece

According to a survey by international business advisor Grant Thorton, over 33% of senior management positions in Greece are held by women.

Coronavirus Lockdown Costs Greece 750 Million Euros Per Week

The coronavirus lockdown is costing Greece around 750 million euros ($902 million) per week, Finance Minister Christos Staikouras said on Thursday.

Liquidless Laundry Detergent Is a Greek-American Innovation

The Liquidless laundry detergent ECOSNext is the new, pioneering creation of the leading green cleaning products manufacturer Earth Friendly Products.

EasyJet Says Early Travel Bookings Already up 600%

EasyJet stated on Tuesday that bookings for flights increased by more than 300% and vacation reservations grew by over 600% on a weekly basis

Rolls-Royce Names Panos Kakoullis New CFO

British aircraft engine maker Rolls-Royce will name Panos Kakoullis as its new CFO, Reuters reported on Monday. Kakoullis will start in his new role on May 3. The company hopes that the Greek-British Kakoullis, former head of audit and assurance...

PM Mitsotakis Calls for Vaccine Equity, Green Development in Conference

Greek PM Kyriakos Mitsotakis discussed coronavirus vaccine equity and his commitment to the continual modernization of the Greek economy in an online conference called "Europe 2021" on Thursday. The conference, which was organized by the German newspapers Der Tagesspiegel, Die...

Calamos CEO Touts Stock Market’s Opportunities as Pandemic Lifts

Greek-American John Koudounis, the Chief Executive Officer of Chicago-based Calamos Investments, oversees the firm’s day-to-day operations, its fiscal function and its overall performance. His responsibilities include managing operations, leading business and corporate development, and directing strategic growth initiatives. The CEO spoke to...

Nike Terminates Greek Retailers, Threatening Shops With Bankruptcy

Greek retailers have announced they are taking Nike to the European courts following the company's announcement that it will terminate its existing contracts by 2022. A spokesperson at the Dutch European headquarters of the American multinational corporation confirmed on Wednesday...

Amazon in Athens Ushers New Era of Innovation in Greece

Amazon Web Services (AWS) announced that they will soon open their first office in Athens as part of the conglomerate’s ongoing investment in Greece. The firm had previously opened a CloudFront location in the capital city and the addition of...