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State aid: Commission prolongs and expands Temporary Framework to further support companies facing significant turnover losses

The European Commission has decided to prolong and extend the scope of the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak. All sections of the Temporary Framework are prolonged for six months until 30 June 2021, and the section to enable recapitalisation support is prolonged […]

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IMF: Fiscal Policies to Contain the Damage from COVID-19

In its recent publication, the IMF suggests the appropriate Fiscal Policies to contain and mitigate the damage from COVID-19. In times of pandemic, fiscal policy is key to save lives and protect people. Governments have to do whatever it takes. But they must make sure to keep the receipts. So far, countries have taken fiscal actions […]

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Baird/STR Hotel Stock Index fell 11.7% in February

The Baird/STR Hotel Stock Index fell 11.7% in February to a level of 4,296. Year to date through the first two months of 2020, the stock index dropped 18.5%. “Hotel stocks fell off a cliff at the end of the month due to mounting COVID-19 concerns domestically, and the broader stock market correction has disproportionately […]

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POSIDONIA 2020 on track to be the biggest ever

The 2020 Posidonia exhibition is on track to set new records in exhibitor numbers and floor space for its upcoming edition this summer, as the world’s most prestigious exhibition in the biennial maritime calendar is entering its sixth consecutive decade of continuous service to the ocean-going Greek shipping community and the international maritime industry. Between […]

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HSBC Navigator: 9 out of 10 Greek businesses are expecting growth in the next 5 years

After ten years of challenging economic conditions, Greek businesses are optimistinc about their future growth potentials and their outlook for international trade according to the latest HSBC ‘Navigator: Now, next and how’ survey of over 9,100 companies in 35 countries and territories, amongst them Greece. But the survey also reveals that businesses seem to adopt […]

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The application for Recreational and Daily Tour Cruise Ships Fee, is available

The Independent Authority for Public Revenue (IAPR) announces that as of today, 09/05/2019, it is available on its website, in the eTEPAI section, the electronic application of TEPAI (Recreational and Daily Tour Cruise Ships Fee). The application is also available in English. Payment of TEPAI can be made by all available electronic means. TEPAI concerns […]

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WTTC: Forecast for one million jobs by tourism in 2019 in Greece

In 2018, the tourism and travel sector in Greece grew by 6.9% – at a rate of growth three and a half times higher than the growth rate of the entire national economy, which was 2.0%. Tourism accounts for 20.6% of Greece’s GDP, compared to 10.4% of the world’s share. This means that one in […]

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ICAP awarded the “TRUE LEADERS 2017” to 70 Companies and Groups | LIST

ICAP, the only company recognised as Rating Agency by the Hellenic Capital Market Commission and the European Securities and Markets Authority (ESMA), indicated for 8th consecutive year the 61 Companies and the 9 Groups-Leaders, based on four measurable and objective criteria, according to their published results. The glamorous ceremony was presented by Mrs. Katerina Gagaki, […]

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ICAP: The 500 Most Profitable Companies in Greece in 2017 | Which tourist businesses are included

According to the study conducted by ICAP, in the framework of the issue of “Business Leadrers in Greece”, the 500 most profitable Companies and the 200 most profitable Groups in Greece in 2017 improved their profitability. The 11th business edition of “Business Leaders in Greece” includes the most profitable Companies and Groups of Greece for […]

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