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Business

Capital Link Forum On Re-Starting Greek Economy Post-Covid-19

Prominent policymakers, entrepreneurs and academics from both sides of the Atlantic will participate in the 10th Annual Capital Link CSR Forum, titled "Economy and Society: The Next Day," which is due to take place virtually on June 23. The Forum,...

Ninth Annual Greek Investment Forum to Be Held Virtually

The Athens Stock Exchange and the Hellenic-American Chamber of Commerce are now holding their ninth annual "Greek Investment Forum" in New York, which will take place exclusively online this year due to the coronavirus pandemic. The forum is part of...

Six Out of Ten Greek Businesses in Liquidity Crisis After Lockdown

Six out of 10 businesses face liquidity issues, with only enough cash reserves to continue operating for less than six months -- while three in ten have zero cash reserves and only 15 percent sufficient liquidity to last more...

Revenues Fall 60% for Cafes, 80% for Restaurants During First Week Of Greece's Reopening

Since reopening on May 25, following the nationwide lockdown to stop the spread of the coronavirus, restaurants and bars in Greece have reported enormous drops in revenue during their first week in business. The intake of restaurants has dropped 80 percent,...

Microsoft Plans to Create Robotic Center in Greece

Microsoft spokesman Charles Lamanna revealed on Thursday that the multinational technology company plans to create an RPA (Robotic Process Automation) development center in Greece. The announcement came during a teleconference between PM Kyriakos Mitsotakis, representatives from major multinational companies and representatives...

115-Million-Euro Greek Aid Package Seeks To Help Struggling Airlines

The nation of Greece will give the country's airlines a 115 million euro aid package to assist them as they struggle to return to profitability after the near-complete shutdown due to the coronavirus pandemic. “Sectors such as air transport, which...

Greek-American Handbag Designer Touts “Masks for a Cause”

Greek-American designer Maria Argyropoulos Zarian spoke recently to Greek Reporter about making a difference with her company m.andonia as well as her new venture, "Masks for a Cause." "m.andonia was inspired by a 1950s placemat," she explains at the outset....

Piraeus Becomes Top Container Port in Entire Mediterranean

Greece's port of Piraeus has now become the Mediterranean’s top container-handling port, it was reported on May 19. The port, located just outside Athens, handled the equivalent of 5.65 million 20-foot long containers in 2019, rising to become the top...

Greek Cafes, Restaurants Reopen After Lockdown

Greece's cafes and restaurants are reopening for business on Monday after a long hiatus, as they closed just over two months ago due to the coronavirus curfews, home quarantines and the strict preventive measures imposed by health authorities against...

Greek Passenger Ferries to Resume Nationwide Service May 18

In one more sign of the country returning to normalcy, passenger ferry service will resume throughout Greece on Monday, May 18. However, new guidelines include requiring passengers to wear face masks and to follow social distancing practices. These guidelines will remain...

Designs for Reconstruction of Iconic Tower of Piraeus Released

The City of Piraeus released proposed designs on Wednesday for the reconstruction of its iconic tower building which has been left nearly tenantless and empty for almost 45 years. The building, the second tallest in the entire nation of Greece, has been...

Greece Almost Back to Normalcy as Retail Shops, High Schools Open

More than 150,000 employees returned to work on Monday, with most retail shops opening, as Greece enters the second phase of the relaxation of measures to contain the coronavirus. A government deputy minister said about 25 percent of all the...

Greece's Highest Court Confirms Mohegan as Sole Bidder for Athens Casino

Greece’s highest administrative court, the Council of State, on Thursday rejected an appeal by Hard Rock International against its exclusion from the bidding process for the Elliniko casino permit. The decision means that the consortium of Mohegan Gaming & Entertainment...

First Woman to Own a Cannabis Store in Ontario Is a Greek-Canadian

The CANVAS cannabis store in Ontario is expanding, with a new location in Mount Dennis in Toronto and its Greek-Canadian owner will donate 50 per cent of profits from its opening days to a local food bank. The community-focused CANVAS...