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.
The Athens Stock Exchange declined slightly for the second session in a row Tuesday.
Electronics retailer Germanos improved its financial fundamentals significantly in 2019.
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.
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.
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).
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.
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.
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.
Taxpayers will now be able to get a tax registration number (AFM) via video call.
Businesses that have seen their incomes shrink during the coronavirus pandemic will continue to be exonerated from paying taxes until the end of the year and will, thereafter, benefit from a favorable payments schedule, Alternate Finance Minister Theodoros Skylakakis said in an interview which aired on ANT1 TV Friday.
“Everybody knows that pestilences have a way of recurring in the world,” Albert Camus wrote in his novel “The Plague,” “Yet somehow we find it hard to believe in ones that crash down on our heads from a blue sky. There have been as many plagues as wars in history; yet always plagues and wars take people equally by surprise.”
METKA, the construction arm of Mytilineos Group, will undertake to build a segment of the Ionian highway in Western Greece.
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.
The second wave of the coronavirus pandemic and other countries’ decisions that residents returning from holidays in certain destinations must quarantine – or even the prospect of such a measure – are leading Greek tourism to an early shutdown.
The president of the Greek Tourism Confederation (SETE) is asking the government to extend measures such as subsidizing employers’ social security contributions for employees and allowing tourism businesses to suspend contracts.
Thessaloniki’s Chamber of Commerce and Industry has called for compensatory measures to support TIF-Helexpo, the company that organizes the annual International Fair in the northern port city, which was canceled this year due to the Covid pandemic.
Property developer Lamda Development is preparing an investment of 8 million euros for the energy upgrade of The Mall Athens, as part of the settlement of pending urban planning issues relating to the property.
The Hellenic Association of Travel & Tourist Agencies has proposed using the available fleet of tourist buses to cover the increased needs for bus services in Athens in the summer season and decongest public transport.
The food service and bar industry has seen a 25 percent drop in turnover due to the midnight closing time of all establishments introduced to reduce the spread of the coronavirus.