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Business
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...
Business
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...
Business
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...
Business
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...
Business
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...
Business
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...
Business
The Many Perils of Mining the Seas
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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...
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...