Trade

Greek Toy Manufacturers Urge Support To Unlock Exports Potential

In a market dominated by international franchises and illegal knock-offs, the Greek toy manufacturing industry has stood its ground and continued its long-standing flourishment, providing consistent quality and creative originality to millions of customers in Greece and abroad. Robust over...

PM Mitsotakis Says Greek Exports "Resilient" at Wednesday's Panhellenic Exporters Conference

Greek Prime Minster Kyriakos Mitsotakis was upbeat in his remarks to the Panhellenic Exporters Association on Wednesday, saying that the positive Greek export numbers for 2020 amounted to a "small feat." Addressing the businesspeople and financial figures who are taking...

EU Says Greek Economy to Contract Nine Percent in 2020, Rebound in 2021

A new European Commission report released on Thursday stated that it expects the Greek economy to contract by 9.0 percent this year, but rebound, growing by 5.0 percent in 2021,  due to the economic upheaval caused by the coronavirus...

Greek Firm May Lose Contract to Supply F-16 Aircraft Parts to Lockheed Martin

In a disturbing turn, it is reported that Greece's Hellenic Aerospace Industry (EAB) may have to forfeit its agreement to replace parts in its own aging fleet of F-16 jets due to management and staffing issues within the company. The...

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...

World’s Largest Shipping Conglomerate Reports Robust Business in 2020

The CEO of the world's largest shipping company, Moeller-Maersk A/S, spoke to reporters at a press conference on Wednesday at the company's headquarters on the Esplanade in Copenhagen, Denmark. The shipping and logistics company published its second quarter figures today,...

Greece Considers Cancelling Thessaloniki International Fair for Fear of Covid-19 Spread

Greek authorities consider canceling this year's Thessaloniki International Fair (TIF) after the alarming increase of coronavirus cases in the city in the last few days, according to reports. The overcrowding at TIF is a great cause of concern for health...

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...

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...

Envolve Presents Seventh Annual Awards to Greek Entrepreneurs

  On Monday, July 20, Envolve Entrepreneurship announced the four winners of the 7th Envolve Award Greece, a competition that awards start-ups and early-stage businesses in Greece. Hosted by TV personality Sakis Tanimanidis, the award ceremony took place in Athens...