Greece is instituting a new restructuring process for businesses in debt. SMEs question the scope of the Athens initiative.
A new analysis from GBR Consulting reveals that Athens and Thessaloniki hotels lost 79% and 67% of their revenue compared to 2019 numbers.
Some 30-plus hotels across Greece are to be auctioned in the next few weeks on acccount of inactivity related to COVID-19.
An Ernst & Young report estimates that the Greek tourism sector will lose €10 billion euros in 2020 on account of the COVID-19 pandemic.
Yanis Varoufakis, Greece’s former finance minister says his country will be the hardest hit by the economic turmoil.