Business
Business
Cancellations Land Heavy Blow on Greek Hospitality Industry in 2020
The year 2020 will go down in history for changing the cherished plans of many people who were forced to stay near home rather than striking out for parts unknown this summer. But it has also almost completely ruined...
Business
Greek Cheese Declared Exempt from US Import Duties
It was declared on Thursday that Greek cheese, including its iconic feta, is now exempted from customs duties imposed by the United States on farm products originating from the European Union, according to a statement released today by Greece's...
Business
Report Says Volume of Greek Air Traffic Plunged 74.3% in 2020
A report came out on Thursday confirming the worst fears of Greek economic experts, stating that the country had seen a drop of 74.3% in the number of passengers who had traveled through their airports so far this year.
This...
Business
Half of This Year's Peach and Nectarine Crop in Greece Destroyed by Storm Thalia
Half of this year's harvest of peaches and nectarines was destroyed by the severe storm dubbed "Thalia" which swept through the area on Wednesday afternoon, Nikos Koutliabas, the head of the agricultural cooperative in Velvendo in the Kozani region,...
Business
Entrepreneur Beas Becomes One of Youngest Members of CEO Club International
Michael Beas, the CEO of both Atlas Elite Partners and Raver Magazine, spoke with Greek Reporter recently about becoming one of the youngest members named to the coveted Chief Executive Officers Club International, Inc. He is of the Greek Orthodox...
Business
Restaurants, Cafes in Greece May be Forced to Close Earlier Due to Virus Fears
As a result of an increasing number of coronavirus infections detected around the country, Greece's Deputy Development Minister Nikos Papathanasis warned on Monday that restaurants and cafes may be instructed to curtail their hours to help prevent the virus'...
Business
Elon Musk’s SpaceX Corporation Brings Astronauts Back to Earth in Spectacular Splashdown
Marking a first in space history, the American astronaut duo of Bob Behnken and Doug Hurley splashed down into the waters of the Gulf of Mexico on Sunday, August 2 using a capsule created by SpaceX, a private corporation,...
Business
Over 100 New Cases of Covid-19 Signals Critical Point in Greece
Health authorities have recently announced 110 new cases of Covid-19 in Greece, with the country now entering a critical turning point in trying to stop the spread of the virus.
According to a report released by Greece's National Public Health...
Business
Pizza Hut Shuts Down Operations in Greece After 12 Years
Pizza Hut, the American restaurant chain and international franchise, announced on Thursday that it is closing down all its 16 stores in Greece with immediate effect.
Pizza Hut Greece sources told the Athens Macedonia News Agency (AMNA) that operations in...
Business
Greek Economy to Receive Enormous Boost From EU Recovery Plan
The Greek economy will receive a major boost over the coming years from the historic European Union decision to create a recovery fund, titled the "Next Generation EU" plan, agreed upon earlier this month, according to Bank of Greece...
Business
PM Mitsotakis Tells Parliament Greece One of the "Winners" in EU Agreement
In an address to the Greek Parliament on Tuesday, Prime Minister Mitsotakis praised the deal the country received as part of the gigantic relief package cobbled together by the EU in order to lessen the economic effects of the...
Business
Greece's Cruise Ship Sector Will Reopen on August 1 This Year
The reopening of Greece's cruise sector beginning on August 1 was confirmed by Tourism Minister Haris Theoharis in a letter to the International Cruise Association and the three largest cruise companies which operate in Greece, including MSC Cruises, Costa,...
Business
Greece Records 6-Billion Euro Primary Deficit for First Half of 2020
The Greek state budget recorded a primary deficit of 6.101 billion euros in the first half of 2020, from a budget target for a primary surplus of 313 million euros and after a primary surplus of 381 million in...
Business
Cruise Ship Industry in Greece May Ramp Up in September
The adoption of new European coronavirus directives to be observed by passengers and crew on cruise ships in Greek ports, still does not translate into the universal opening of the cruise sector in Greece, officials cautioned on Monday.
The new...
Business
European Tourism Gets off to Rocky Start in Summer of 2020
Tourism in this unsettling Summer of 2020 is experiencing some rocky patches just a month or so after most European countries opened their gates to travelers from abroad after the long coronavirus lockdowns.
Thierry Breton, the EU's internal market commissioner,...