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Trends in internet usage in Greece

Countries vary in the behavior of their consumers. This includes in behaviors related to technology, such as internet usage.

Where does Greece stand when it comes to internet usage? Usage rates in the nation have been trailing those of many other western countries. However, recent poll numbers point to internet usage playing an increasingly major role in the lives of people in Greece.

Economic fears common in Greece

It appears that economic fears continue to dominate in Greece.

A recent Pew Research Center survey looked at what fears were the top ones in different parts of the globe. Individuals in 38 countries were polled on eight different fears. These fears touched on a range of things, including terrorism, the environment, the economy, and the influence/power of certain countries.

Greek luxury hotels currently seeing very high occupancy rates

One thing that can have major impacts for those who invest in a hotel in Greece is what kind of occupancy rates the hotel ends up seeing. Occupancy rate is among the things that can impact how much in revenue a hotel sees.

In Greece, many things about a hotel, including its occupancy rate, can shift with the seasons. This is due to the fact that tourist traffic to Greece varies with the seasons. The summer travel season can see quite a bit of tourist traffic, and is when hotels in Greece tend to see a lot of business. Greek hotels tend to get a good chunk of their income from the summer tourist season.

Is an overseas will valid?

When someone passes away, they want to know that their loved ones will carry out their wishes. This can mean sharing the house or homestead, family heirlooms or relics. While expressing wishes is generally an easy thing, making those wishes a legal reality is another step entirely. In the United States, each state has different requirements for a will. The differences are even more significant when people live in different countries.

As immigrants know, property from the homeland is emotionally invaluable. The hardest part of any move is leaving friends and family behind, and property is often a connection to those loved ones. What is the process when you inherit property from your family back home?

Investment in Greek startups

There are many types of business investments a person could make. This includes investing in a startup in another country. In recent years, Greek startups have been drawing the interest of some investors, including investors from outside Greece.

According to recent estimates, over the period from 2010 to 2016, Greek startups received around 200 million euros in investments. IT and tech product startups were some of the main recipients of such investments.

Report: Greece ranks near bottom for property investor prospects

Paying close attention to local conditions can be important for a person when looking into investing in property in a foreign country, such as Greece. How are conditions for property investors in Greece? A report points to such conditions leaving a great deal to be desired.

The report, by Global Property Guide, ranked 36 countries based on how attractive of prospects they had for property investors. Greece was ranked near the bottom in this report. Specifically, it was given a rank of 32nd.

Many companies in Greece have cut labor costs in recent years

Among the challenges the economic struggles in Greece have posed are financial challenges for some businesses in Greece. There are many things a company may find it has to do in response to a difficult financial environment. For example, sometimes, such an environment leads to a business deciding it needs to reduce its labor costs.

A recent Bank of Greece survey indicates that the decision to reduce labor costs is one many businesses in Greece made in the wake of the start of the financial crisis. According to the survey, cutting down labor costs over the period from 2010 to 2013 was something 68 percent of Greek corporations did.

Property considerations after a natural disaster

Natural disasters are often unexpected and can permanently uproot families. Returning to a sense of normalcy in life after a natural disaster can make for a complicated and lengthy process dealing with insurance companies. According to Horizon, the European Union's research and innovation magazine, the Mediterranean and Balkan countries of Europe, including Greece, have the highest risk of earthquakes on the continent.

As recently as mid-June, a magnitude 6.3 earthquake was felt in Greece, with the epicenter on the Turkish coast of the Aegean Sea, according to the U.S. Geological Survey. Earthquakes are considered potentially destructive when they measure more than 5.5 on the Richter scale.

Closing down a business in Greece

Sometimes, a business owner makes the decision that the time has come to bring their company to an end. This is a decision a fair number of owners of Greek businesses have made in recent years, according to data from the Greek General Business Registry.

This data indicates that business closings have outnumbered business startups in Greece, overall, over the period between January 2012 and July 2017.

Report: Greece seeing growth in its manufacturing sector

The past several years have been tough ones for Greece economically. So, the nation hasn’t seen a great deal of economic good news in recent times. However, some news has recently come out that those concerned about Greece’s economy may find encouraging.

The news regards some data recently released related to Greece’s manufacturing sector. The data in question is Greece’s June performance in IHS Markit’s PMI index. This is a manufacturing-related index.

Hahalis & Kounoupis, P.C. - Greek Law Group
Phone: 610-628-1336
Toll Free: 877-509-4333
Fax: 610-691-8418

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Bethlehem, PA 18018
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Edison, NJ 08817
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4th Floor
Athens, 10671
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Thessaloniki, 54625
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Hahalis & Kounoupis, P.C. - Greek Law Group