Pandemic Cost Greek Businesses 4.8 Billion Euros This Year: So Far

ATHENS – The lingering COVID-19 pandemic, now more a year long, continued to devastate Greek businesses in the first quarter of 2021, bringing losses of some 4.8 billion euros ($5.75 billion) and no recovery in sight.

That was assessed by the Hellenic Statistical Authority ELSTAT which said the real effect is even more severe because the data came from larger companies which report monthly and not smaller businesses that do so quarterly.

Data showed turnover came to 17.23 billion euros ($20.65 billion) in February compared to 19.05 billion euros ($22.83 billion)  a year earlier, an annual decline of 9.6 percent but 47.7 percent for closed companies,, said Kathimerini.

Companies had some income from time to time when the government allowed a click-and-collect method that let shoppers make purchases online and them pick up the goods outside stores.


ANKARA — Turkey's government and central bank have taken unconventional steps in recent weeks to prop up a beleaguered economy crippled by skyrocketing consumer prices, instead of ending a much-criticized plan to cut interest rates.

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OCEAN, NJ – Rafaella Lambrinos, whose family is from Karpathos originally, spoke with The National Herald about the Adopt a Yiayia and Pappou program she founded at St George Greek Orthodox Church in Ocean, NJ, which connects youth and seniors from her church community through weekly phone conversations.


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