Hellenic banks are still carrying the burden of non-performing loans (NPLs) at figures much higher than the average for EU banks, yet vast gains have been made recently. According to the Bank of Greece, in June 2019, NPLs amounted to €75.4 billion, down by €31.9...
In the domain of railway transportation OSE SA, which a state owned company, is a fundamental contributor to the development effort in Greece. OSE SA is the National Railway Infrastructure administrator, according to legislative framework of 2010, having the responsibility of railway infrastructure maintenance (track,...
IPTO (or ADMIE) has engaged in a 10-year investment program of a total value of Euro 5 bn, that will conclude in 2030. The flagship projects of this massive Investment program include the Ariadne interconnection -the electrical connection between Attica and Crete- as well as...
"Greece has traditionally had a very concentrated system in which a lot of powers have lied with the Ministry of Education and the government, which is something we have started to change. We want universities to be in a position to decide autonomously about things...
According to the highly respected Organisation of Economic Co-operation and Development, Greece exports high-tech products valued at more than €1 billion every year — double the income from more traditional products like extra virgin olive oil. Greek companies and researchers are indeed getting increasingly recognized internationally...
A prime example of entrepreneurship and innovation is online insurance firm Hellas Direct. Launched in 2012, the ambitious company is taking on the might of established and experienced rivals by making insurance simpler and easier through a series of innovations. With a focus on motor...
Despite being famous for its entrepreneurial spirit, and whether its for cultural or economic reasons, Greece’s digital drive has stalled in recent times, with the latest Digital Economy and Society Index from the European Commission placing the country third from bottom in 26th place....
As one of Europe’s traditional breadbaskets, Greece’s favorable crop-growing climate and fertile soils mean its farming sector and food industry are at the heart of economic well-being and employment. According to auditing and multinational professional services network PricewaterhouseCoopers (PwC), agriculture represents only 4.1% of gross...
“Greece has always been a shipping hub and has always been valued as a shipping and maritime center. As a company, we positively welcome the stable political climate this country offers and the stable tax regime for shipping in Greece, which has enabled many companies...
Limited electricity interconnections between Greece’s mainland and islands is currently a restriction to the country’s decarbonization goals. Without this underwater infrastructure, many islands are off grid and rely on fossil fuels. In addition, the development of renewable energy is curbed by an inability to get...