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Tag: Greek economy

Vodafone to set up a Research and Development centre in Greece

Vodafone to set up a Research and Development centre in Greece

The Vodafone group has chosen Greece for one of the Global Research and Development centres, which will focus on the Internet of Things (IoT) and e-health applications, through Vodafone Innovus. The announcement…

Moody's credit rating agency.

Greek credit rating upgrades despite global economic downturn

As what came as a surprise, Moody’s rating agency upgraded Greece’s rating from B1 to Ba3 with a stable outlook despite the global economy dropping because of the COVID-19 pandemic. Although Moody’s…

Pfizer

“Thessaloniki can develop into the Silicon Valley of Greece” says Pfizer head

Nico Gariboldi, head of the digital technology and innovation centre of Pfizer and leader of the Pfizer digital hub believes that Thessaloniki “is a city full of talents” with the potential to become an important technological centre and the Silicon Valley of Greece. He wants to “put Thessaloniki on the map” in terms of innovation and scientific excellence and to also send a clear message that there are strong reasons to invest there.

Germany to invest big in 6 sectors of the Greek economy 1

Germany to invest big in 6 sectors of the Greek economy

German Ambassador to Greece Ernst Reichel says that “Greece is an anchor of stability in the region” and confirms the continuing interest of the Germans for investments in Greece.

Naxos connected to the mainland’s power grid

Naxos connected to the mainland’s power grid

The island of Naxos was connected to the mainland’s power grid on Tuesday evening. According to project coordinators, the Cyclades Interconnection is an important project for the Greek economy. By providing high-voltage…

Greek economy set to shrink but due for recovery in 2021

Greek economy set to shrink but due for recovery in 2021

In its latest report submitted to Greek Parliament on Monday, the Bank of Greece estimates that the country’s economy is set to contract by 4.4% to 9.4% this year. According to its…

Greece tourism suffers estimated €10 billion in losses

Greece tourism suffers estimated €10 billion in losses

The pandemic has devastated global tourism. For Greece, it is estimated that the Greek tourism sector will loose €10 billion in 2020, according to Ernst & Young (EY). As the tourism sector is a key…

corona app

EU Calls for voluntary use of coronavirus tracing app

One of the latest announcements by the European Commission encourages travellers to use virus-tracing apps so that Covid-19 restrictions may be lifted earlier and travel can resume, raising privacy concerns in the…

athens airport

Greece’s proposal to the EU to restart tourism

Greece is calling on the European Commission to adapt its proposal for a pre-travel coronavirus test to be instituted across the EU in order to allow travel to begin once the lockdown…

Coronavirus hits Greece's economy the most in the EU 4

Coronavirus hits Greece’s economy the most in the EU

Greece’s economy this year is expected to be hit severely by the Covid-19 pandemic and the counter measures taken to limit its spread, according to the European Commission’s Spring 2020 Economic Forecast…

Yannis Stournaras

Recession looms as Greek economy set to shrink

The Governor of the Bank of Greece Yannis Stournaras, said on Tuesday that he expectes the country’s GDP to contract by 8.0% under the worst-case scenario. Stournaras made the comments during a…

Mitsotakis EU

Greek PM urges for an EU strategy for a return to normality

Greece’s Prime Minister Kyriakos Mitsotakis called for an EU strategy to restore the smooth running of markets, as well as a coherent framework for normalising transport and tourism, during his call to…