Financial crisis

COVID-19 hits micro, small enterprises hardest: Survey

The coronavirus crisis has battered micro- and -small enterprises (MSEs) the most, according to a survey on June 11.

Speaking at a virtual meeting, Ümit Boyner, head of Business for Goals Platform (B4G), the organization which conducted the survey, said: "We see that the firms hit hardest by the crisis were micro-sized with 69% and small-sized with 49%."

Public relations stunts

The government faces a bumpy ride over the next few months. The prime minister and a small group of ministers and officials have handled two big crises - the deliberate migrant push at Greece's border with Turkey and the initial phase of the coronavirus - and these are successes no one can take away from the government, hard as they may try.

BNR: Romania sees overlap of three crises and we must think how to exit impasse

The current situation in Romania is different than those in the past, because three crises overlap: a health crisis, a social crisis and an economic crisis, said, on Thursday, Adrian Vasilescu, strategy consultant with the National Bank of Romania (BNR).

If you want to save yourself, think of the others

How will this novel coronavirus change world politics in the years to come? This century has seen three crises in its first two decades. The terrorist attacks of September 2001 did not kill very many people, but terrorism is like theater in which the shock of horror can create disproportionate effects on the global agenda.

Containing virus key to economic recovery, says Maurice Obstfeld

Measures designed to contain the coronavirus pandemic are also the most effective way to safeguard the world's economies as the coronavirus will continue to batter international markets until a vaccination is discovered, Berkeley University economics professor Maurice Obstfeld tells Kathimerini.

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