Emergency liquidity injection
The government will do all it can to inject liquidity in order to prevent the shrinkage of Greece’s gross domestic product (GDP) from rising into double digits this year.
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An end to zombie companies
The new bankruptcy code to be published for public consultation this week makes company board members liable for civil damages in case they fail to file for bankruptcy within the delays prescribed by the law.
Stocks slide for second consecutive day
The Athens Stock Exchange declined slightly for the second session in a row Tuesday.
Germanos posts €6.3 mln net profit in 2019
Electronics retailer Germanos improved its financial fundamentals significantly in 2019.
Porto Carras resort sale imminent
Technical Olympic, the owner of the Porto Carras resort, on Monday announced that financial details of the resort’s sale to Belterra Investments, owned by Greek-Russian businessman Ivan Savvidis, will become available at the end of September for an audit by an independent consultant.
Greece set to get €2.73 bln from EU
BRUSSELS – Greece will get €2.73 billion from the European Union’s temporary Support to mitigate Unemployment Risks in an Emergency (SURE) program, the European Commission announced on Monday.
Mega-yacht owners pick Greece this summer due to low virus numbers
Despite the crisis in tourism and travel, Greece is currently drawing a special category of traveler: owners of mega-yachts, that is, yachts over 50 meters in length (164 ft).
Local stocks slide after early gains
The Greek stock market, not for the first time, failed to follow Europe’s strong performance and ended slightly lower in an especially weak session turnover-wise.
Subsidies for electric vehicles
Individuals, taxi drivers and companies, of any size, can apply online from Monday for a state subsidy on a new electric vehicle. The platform, kinoumeilektrika.ypen.gr, opened at 5 p.m. on Monday, the Ministry of Environment and Energy said.
Bill to spell new bankruptcy terms
The Ministry of Finance is preparing a new draft bill on individual bankruptcy that will allow people to become free of debt within three years of declaring bankruptcy.
Getting a tax number gets easier
Taxpayers will now be able to get a tax registration number (AFM) via video call.
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Gov’t to make it easier for employees in 'vulnerable groups' to work from home
A government decision already in effect makes it easy for private sector employees belonging to so-called ‘vulnerable groups’ with regard to the coronavirus to ask to work from home so as not to come into contact with the public. A simple phone call, email or SMS to the boss should suffice, unless the employer can prove that work from home is not feasible. Even then, employers have to make arrangements to ensure the safety of their employees, failing which they will face hefty fines. In the coming days, the government will issue directives specifying the vulnerable groups and the medical documents required as proof.