x

Economy

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.

RELATED

ATHENS – Health restrictions and worries about the lingering COVID-19 pandemic set aside, so many tourists are pouring into Greece this summer that the New Democracy government said they are propping up the economy.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Greek-American Cornell Student Rescues Man on Subway Tracks in the Bronx

NEW YORK – Greek-American Cornell University senior Bryce Demopoulos rescued a man who had fallen on the subway tracks at the Third Avenue-138 Street station on the No.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.