Businesses across economic sectors posted significant earnings losses in June, despite the fact that was the month that the lockdown ended.

Greek cosmetics firms are expected to show an 11% decline in turnover at the end of the year, ending a growth run that itself had followed seven lean years during the financial crisis.

Greece’s Green Cola has introduced its product to the United States this year, targeting the world’s biggest market for soft drink consumption.

Larisa Face Cover, a new company set up in just 25 days during the spring lockdown, is about to complete a 11.5-million-euro investment in a new industrial unit in the Industrial Zone of Larisa, in Thessaly, so that it is ready ready to start producing face masks as of mid-August.

Online purchases remain the top choice for a large share of supermarket customers, even after the lifting of restrictions and the full opening up of the economy.

Almost all Greeks (92%) understand that fifth-generation (5G) mobile networks will bring great changes to their lives and the economy.

Industry needs to contribute even more to the transformation of the Greek economy’s production model, the Hellenic Federation of Enterprises (SEV) said in its weekly bulletin on Thursday, highlighting the importance of the sector for economic growth and for social prosperity.

Interest for investing in Greece remains strong despite the interventions still needed in crucial sectors for the investment climate to improve further. The majority of investors surveyed by Ernst & Young Greece, i.e. 62%, acknowledge that the country is pursuing a policy on investments that is making it attractive, with the efficient management of the Covid-19 health crisis also contributing in the improvement of Greece’s international image.

Just three years after being founded, TileDB, owned by Greek entrepreneur Stavros Papadopoulos, managed to raise $15 million form both Greek and foreign investors.

More investments by foreign funds are expected within the coming months for Greek technology startups, with General Catalyst, a fund managing a total of $7.5 billion, telling Kathimerini that it is close to snapping up the lure presented by the burgeoning local startup industry and local talent.

Greek startups have created a local industry worth billions of euros, with funding and takeover deals sending valuations soaring and prompting investors to view some of them as potential "unicorns," that is technological companies with a value in excess of $1 billion.

The pandemic has interrupted the growth course of Greek exports, but it also served to close the gap in the trade balance due to the slump in imports too.

Image editing software developer Capture One, a spinoff of Danish company Phase One, has announced via Kathimerini the company’s entry into Greece with the creation of a new research and development hub in Athens which is seen attracting young information technology experts.

The food sector showed its strength during the pandemic, with Greek exports gaining ground and creating the necessary conditions for their further penetration of international markets.

Coca-Cola Tria Epsilon and Coca-Cola Hellas are introducing Costa Coffee to Greece, and starting this month will be bringing the international coffee brand to supermarkets and some 1,500 food service locations within the next three years.

The Consumer Ombudsman has been inundated with complaints about electronic commerce stores, according to the institution’s latest report published on Wednesday, attributed to the swing of Greek consumers toward online purchases.

While the tourism sector is reeling from the effects of the coronavirus pandemic, local startup Ferryhopper has managed to raise 2.6 million euros as it sets its sights on expanding to Europe and creating new jobs.

The Greek startup has struck a cooperation agreement with Swedish technology firm Fidesmo that allows device owners to connect their cards with their bracelets and make payments using the latter.

An increasing number of local scientists and IT experts are attracting the interest of foreign tech companies that are continuing to invest in the quality and know-how human resources in Greece can supply them with despite the crisis caused by the pandemic.

Businesses found to be committing serious violations of health rules aimed at curbing the coronavirus face being shut down for three months and hefty fines.