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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...

Greece to Begin Mass Production of Surgical Masks in Larissa and Thrace

Greek Development and Investment Minister Adonis Georgiadis said on Wednesday that Greece will begin mass production of surgical masks to fulfill its own needs within a few days. Speaking with the ERT, Open and Alpha TV networks, Georgiadis confirmed that machines...

Greek Fruit Exports Boom as Consumers Worldwide Turn to Healthier Products

The coronavirus pandemic and the unprecedented havoc it has caused across the entire world has dealt an enormous and unprecedented blow to nations' economies. However, one agricultural sector seems not only to be emerging from the crisis without a scratch...

Could Greek Beaches Look Like This in Coronavirus Era?

Many people wonder how summer tourism could even be a thing in 2020, as billions of people around the globe continue to remain at home in an effort to reduce the spread of the COVID-19 coronavirus. A company from Italy...

IMF Warns Greece Could Face The Worst Coronavirus Recession in Eurozone

The International Monetary Fund (IMF) recently presented its World Economic Outlook, in which it predicts that Greece could experience one of the worst recessions in the world due to the coronavirus pandemic. The IMF said that Athens will see a...

Greece Confiscates Tons of Contraband Antiseptic Gels, Masks from China and Turkey

Greece's Economic Crime Prosecution Corps (SDOE) announced on Wednesday that they have confiscated tons of antiseptic gel, face masks and other personal protective equipment originating from China and Turkey. The SDOE's Attica division carried out a search on a company...

Greek Consumers Significantly Increase Use of E-commerce, Survey Shows

Greek consumers have significantly increased their use of e-commerce due to the coronavirus pandemic, an online survey conducted by the Research Institute of Retail Consumer Goods and ELTRUN, the e-commerce laboratory of the Athens University of Economics and Business,...

Supermarket Chains in Greece Announce Generous Bonuses for Their Staff

During these difficult times for all of us, doctors, nurses and carers have been at the forefront of the global fight against the coronavirus pandemic, receiving very well-deserved accolades and praise for their unstinting work in tough conditions. However, another...

Piraeus Bank Records Growing Profits During 2019

Piraeus Bank of Greece announced on Monday that it grew its net profit for the full year of 2019. This increase was aided by lower operating costs and higher net interest income. Piraeus Bank is Greece’s largest lender as measured by...

Joy in The Time of Coronavirus: Greece Divided Over Carnival Ban

2020 will certainly be a year to remember Greece's Carnival festivities, and the reason is that, for the first time in many decades, the country will not hold any Carnival festivities whatsoever. Well, at least, not any officially organized festivities. Thursday's...