Author: admin
19 Jan A destination made for cruising
The number of tourists visiting Greece on cruise ships rose 16% in 2019, according to the Hellenic Ports Association. “It’s increasingly popular because Greece has so many wonderful islands and there is no more convenient or adventurous way to experience them,” explains Chris Theophilides, CEO...
19 Jan A soft landing in sight for Greek banks
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...
19 Jan OSE SA, a fundamental contributor to the development effort in Greece
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,...
19 Jan Greece’s Independent Power Transmission Operator (IPTO/ ADMIE)
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...
18 Jan From brain drain to brain gain: Greek talent ushered back
"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...
18 Jan Aerospace and defense sectors pick up speed
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...
18 Jan Crisis made room for new disruptors
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...
18 Jan A timid entrance into the digital future
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....