Articles | Business | tags | ekathimerini daily.com http://www.ekathimerini daily.com/ en null null Wed, 26 Aug 2020 01:59:29 GMT 2020-08-26T01:59:29Z en null null ekathimerini daily.com http://www.ekathimerini daily.com/garnish/rss-logo.png http://www.ekathimerini daily.com/ An end to zombie companies http://www.ekathimerini daily.com/256187/article/ekathimerini daily/business/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.

Tue, 25 Aug 2020 16:53:15 GMT http://www.ekathimerini daily.com/256187/article/ekathimerini daily/business/an-end-to-zombie-companies 2020-08-25T16:53:15Z
Mitsotakis meets Pfizer Inc. CEO http://www.ekathimerini daily.com/256210/article/ekathimerini daily/news/mitsotakis-meets-pfizer-inc-ceo

Greek Prime Minister Kyriakos Mitsotakis on Tuesday met with Pfizer Inc. Chief Executive Albert Bourla.

Tue, 25 Aug 2020 14:45:53 GMT http://www.ekathimerini daily.com/256210/article/ekathimerini daily/news/mitsotakis-meets-pfizer-inc-ceo 2020-08-25T14:45:53Z
Bill to spell new bankruptcy terms http://www.ekathimerini daily.com/256137/article/ekathimerini daily/business/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.

Mon, 24 Aug 2020 17:00:20 GMT http://www.ekathimerini daily.com/256137/article/ekathimerini daily/business/bill-to-spell-new-bankruptcy-terms 2020-08-24T17:00:20Z
TIF organizer calls for support after event cancellation http://www.ekathimerini daily.com/256136/article/ekathimerini daily/business/tif-organizer-calls-for-support-after-event-cancellation

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. 

Sat, 22 Aug 2020 14:50:12 GMT http://www.ekathimerini daily.com/256136/article/ekathimerini daily/business/tif-organizer-calls-for-support-after-event-cancellation 2020-08-22T14:50:12Z
The Mall Athens to get green upgrade http://www.ekathimerini daily.com/256134/article/ekathimerini daily/business/the-mall-athens-to-get-green-upgrade

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. 

Sat, 22 Aug 2020 14:20:22 GMT http://www.ekathimerini daily.com/256134/article/ekathimerini daily/business/the-mall-athens-to-get-green-upgrade 2020-08-22T14:20:22Z
Bar, restaurant turnover drops 25 pct due to midnight closure http://www.ekathimerini daily.com/256138/article/ekathimerini daily/business/bar-restaurant-turnover-drops-25-pct-due-to-midnight-closure

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. 

Sat, 22 Aug 2020 13:40:37 GMT http://www.ekathimerini daily.com/256138/article/ekathimerini daily/business/bar-restaurant-turnover-drops-25-pct-due-to-midnight-closure 2020-08-22T13:40:37Z
Police intensify checks for compliance with Covid measures http://www.ekathimerini daily.com/256131/article/ekathimerini daily/news/police-intensify-checks-for-compliance-with-covid-measures

The Hellenic Police (ELAS) has stepped up checks on compliance by individuals and businesses with restrictions put in place to curb the spread of the coronavirus. 

Sat, 22 Aug 2020 12:40:48 GMT http://www.ekathimerini daily.com/256131/article/ekathimerini daily/news/police-intensify-checks-for-compliance-with-covid-measures 2020-08-22T12:40:48Z
Wind Hellas posts better results in ’19 http://www.ekathimerini daily.com/256027/article/ekathimerini daily/business/wind-hellas-posts-better-results-in-19

Telecoms company Wind Hellas increased its turnover in 2019 by 3.6% to €531.7 million, from 513 million in 2018, published results show.

Thu, 20 Aug 2020 15:58:56 GMT http://www.ekathimerini daily.com/256027/article/ekathimerini daily/business/wind-hellas-posts-better-results-in-19 2020-08-20T15:58:56Z
Turkish hackers target Greek state-run website http://www.ekathimerini daily.com/256009/article/ekathimerini daily/news/turkish-hackers-target-greek-state-run-website

The webpage of the state-run Business Program for the Development of Human Resources (epanad.gov.gr) was targeted by Turkish hackers on Wednesday. 

Wed, 19 Aug 2020 17:00:47 GMT http://www.ekathimerini daily.com/256009/article/ekathimerini daily/news/turkish-hackers-target-greek-state-run-website 2020-08-19T17:00:47Z
Stores in old town Athens will eventually be able to stay open all Sundays http://www.ekathimerini daily.com/255979/article/ekathimerini daily/business/stores-in-old-town-athens-will-eventually-be-able-to-stay-open-all-sundays

Retail businesses in Athens’ “historical center,” the neighborhoods of Plaka, Acropolis and Monastiraki, will eventually be able to open every Sunday throughout the year. 

Wed, 19 Aug 2020 14:38:32 GMT http://www.ekathimerini daily.com/255979/article/ekathimerini daily/business/stores-in-old-town-athens-will-eventually-be-able-to-stay-open-all-sundays 2020-08-19T14:38:32Z
Guaranteed loans help firms http://www.ekathimerini daily.com/255990/article/ekathimerini daily/business/guaranteed-loans-help-firms

More than 5,700 businesses have applied for loans through the Hellenic Development Bank’s Credit Guarantee Fund.

Wed, 19 Aug 2020 05:41:43 GMT http://www.ekathimerini daily.com/255990/article/ekathimerini daily/business/guaranteed-loans-help-firms 2020-08-19T05:41:43Z
Seasonal businesses to get gov’t aid for social security contributions http://www.ekathimerini daily.com/255887/article/ekathimerini daily/business/seasonal-businesses-to-get-govt-aid-for-social-security-contributions

A ministerial decision includes 31 categories of professional activities for which the government will subsidize 100% of employers’ social security contributions. 

Mon, 17 Aug 2020 07:20:46 GMT http://www.ekathimerini daily.com/255887/article/ekathimerini daily/business/seasonal-businesses-to-get-govt-aid-for-social-security-contributions 2020-08-17T07:20:46Z
Greek fintech Viva Wallet hires Jefferies for 500 mln euro fundraising, say sources http://www.ekathimerini daily.com/255896/article/ekathimerini daily/business/greek-fintech-viva-wallet-hires-jefferies-for-500-mln-euro-fundraising-say-sources

Greek payments company Viva Wallet is seeking to raise half a billion euros to support its digital banking operations, two sources told Reuters, eight months after securing a banking licence through a merger with Praxia Bank.

Fri, 14 Aug 2020 15:32:29 GMT http://www.ekathimerini daily.com/255896/article/ekathimerini daily/business/greek-fintech-viva-wallet-hires-jefferies-for-500-mln-euro-fundraising-say-sources 2020-08-14T15:32:29Z
Conference cancellations take heavy toll http://www.ekathimerini daily.com/255891/article/ekathimerini daily/business/conference-cancellations-take-heavy-toll

Cancellations and postponements of international events in Greece due to the pandemic came to more than 95% in 2020.

Fri, 14 Aug 2020 15:00:51 GMT http://www.ekathimerini daily.com/255891/article/ekathimerini daily/business/conference-cancellations-take-heavy-toll 2020-08-14T15:00:51Z
Cosmetics turnover set to fall 11% http://www.ekathimerini daily.com/255800/article/ekathimerini daily/business/cosmetics-turnover-set-to-fall-11

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.

Thu, 13 Aug 2020 20:11:34 GMT http://www.ekathimerini daily.com/255800/article/ekathimerini daily/business/cosmetics-turnover-set-to-fall-11 2020-08-13T20:11:34Z
Help for businesses from the Hellenic Development Bank http://www.ekathimerini daily.com/255793/article/ekathimerini daily/business/help-for-businesses-from-the-hellenic-development-bank

Banks have provided 3.6 billion euros in loans to businesses through two programs, Business Financing and the Warranty Fund, both designed by the Hellenic Development Bank (HDB). 

Wed, 12 Aug 2020 19:45:50 GMT http://www.ekathimerini daily.com/255793/article/ekathimerini daily/business/help-for-businesses-from-the-hellenic-development-bank 2020-08-12T19:45:50Z
Canceled Thessaloniki trade fair will cost local economy an estimated €150 million http://www.ekathimerini daily.com/255746/article/ekathimerini daily/business/canceled-thessaloniki-tradefair-will-cost-local-economy-an-estimated-150-million

The cancellation of this year’s Thessaloniki International Fair (TIF), for the first time since WWII, is expected to result in a loss of up to €100 million, businessmen in northern Greece say.

Wed, 12 Aug 2020 19:00:04 GMT http://www.ekathimerini daily.com/255746/article/ekathimerini daily/business/canceled-thessaloniki-tradefair-will-cost-local-economy-an-estimated-150-million 2020-08-12T19:00:04Z
Public Power Corp. to raise $235 million from sale of unpaid bills to JP Morgan http://www.ekathimerini daily.com/255771/article/ekathimerini daily/business/public-power-corp-to-raise-235-million-from-sale-of-unpaid-bills-to-jp-morgan

Greece’s biggest electricity utility, Public Power Corp. (PPC), said on Wednesday it has finalised a deal to sell off unpaid bills to investment bank JP Morgan that will raise about 200 million euros ($235 million).

Wed, 12 Aug 2020 12:33:32 GMT http://www.ekathimerini daily.com/255771/article/ekathimerini daily/business/public-power-corp-to-raise-235-million-from-sale-of-unpaid-bills-to-jp-morgan 2020-08-12T12:33:32Z
Storm batters ferry market http://www.ekathimerini daily.com/255629/article/ekathimerini daily/business/storm-batters-ferry-market

The coronavirus storm has generated a wave of changes in the coastal shipping industry, with the halving of passenger traffic as well as the possible shift of share packages or the entry of new players into the market, according to XRTC Business Consultants, which has covered the sector’s companies for two decades.

Mon, 10 Aug 2020 13:40:55 GMT http://www.ekathimerini daily.com/255629/article/ekathimerini daily/business/storm-batters-ferry-market 2020-08-10T13:40:55Z
Program aimed at tourism and hospitality startups that want to innovate http://www.ekathimerini daily.com/255588/gallery/ekathimerini daily/in-images/program-aimed-at-tourism-and-hospitality-startups-that-want-to-innovate

Startups in the travel and hospitality sector have until Thursday, August 13 to apply for the September-December leg of the Hotel Chamber’s CapsuleT Travel & Hospitality Accelerator. Aimed at giving a boost to firms providing innovative applications and solutions to businesses in the broader field of travel and tourism, the initiative is organized with the support of Google and partnerships with Grant Thornton, NBG Business Seeds, Nelios and TUV Austria Hellas. Workshops, mentorships and visits to sector leaders are included. It is also competitive, rewarding the winning firm with 35,000 euros’ worth of support. [Reuters]

Sat, 08 Aug 2020 15:31:39 GMT http://www.ekathimerini daily.com/255588/gallery/ekathimerini daily/in-images/program-aimed-at-tourism-and-hospitality-startups-that-want-to-innovate 2020-08-08T15:31:39Z