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.
Greek Prime Minister Kyriakos Mitsotakis on Tuesday met with Pfizer Inc. Chief Executive Albert Bourla.
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.
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 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.
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.
Telecoms company Wind Hellas increased its turnover in 2019 by 3.6% to €531.7 million, from 513 million in 2018, published results show.
The webpage of the state-run Business Program for the Development of Human Resources (epanad.gov.gr) was targeted by Turkish hackers on Wednesday.
Retail businesses in Athens’ “historical center,” the neighborhoods of Plaka, Acropolis and Monastiraki, will eventually be able to open every Sunday throughout the year.
More than 5,700 businesses have applied for loans through the Hellenic Development Bank’s Credit Guarantee Fund.
A ministerial decision includes 31 categories of professional activities for which the government will subsidize 100% of employers’ social security contributions.
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.
Cancellations and postponements of international events in Greece due to the pandemic came to more than 95% in 2020.
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.
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).
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.
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).
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.
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]