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Moody's Report Says Greece Can Weather 2020 Tourism Slump

The well-respected credit rating and investor service Moody's issued a new report on Monday stating that most European countries, including Greece, can weather a prolonged tourism slump. This comes as very welcome news in a year which has seen precipitous...

Greek Startup Sold for $360 Million in One of the Biggest Deals of its Kind

Greek-run startup InstaShop, a grocery delivery service operating in the Middle East and North Africa, was purchased by German food delivery service Delivery Hero in a record breaking deal of $360 million. The sum is made up of a $270...

EU Commission, German Firm to Provide 225 Million Doses of Coronavirus Vaccine

  In the second major announcement on Thursday regarding the availability of a coronavirus vaccine in Europe, the European Commission and the German firm CureVac stated that they were in the process of creating an agreement to deliver at least...

Shops in Monastiraki, Plaka, Acropolis Areas to Open on Sundays Per New Greek Decree

Per a decision that was announced to the public on Wednesday by Giorgos Dimopoulos, the deputy governor of the central part of Athens, the many boutiques and shops in the tourist areas of Monastiraki, Plaka and the Acropolis will...

EU Posts Large Trade Surplus as Imports Drop in 2020

The Eurozone's trade surplus posted record numbers in June, swelling to 21.2 billion euros ($25 million) as the bloc experienced a corresponding record decline in the importation of goods due to the Covid-19 pandemic, according to a recent report...

Greece Extends Unemployment, Other Coronavirus-Related Financial Measures

It was announced that a new financial package addressing the many economic ramifications of the ongoing coronavirus pandemic will be presented to Greece's Minister of Finance, Christos Staikouras, on Tuesday. The details of the package include an extension in unemployment...

The Many Perils of Mining the Seas

  By Elizabeth De Santo, Elizabeth Mendenhall and Elizabeth Nyman Mining the ocean floor for submerged minerals is a little-known, experimental industry. But soon it will take place on the deep seabed, which belongs to everyone, according to international law. Seabed mining...

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...

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...

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...

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,...

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...

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'...

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,...

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...