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The Hospitality sector shows high ability to deal with the financial consequences of systemic and non-systemic crises.

Preparers of financial statements are now having to think about how, where and what form they should report COVID-19 in their financial statements

Digital transformation starts with your employees. Your workplace culture should empower everyone in your organization transform and grow the business.

The worldwide spread of the Covid-19 has led to an unprecedented shock in the economy and the financial markets and it could be characterised as a material adverse change in M&As. In these confrontational times, companies, investors and finance professionals have to reassess and reevaluate the concepts and inputs they take into consideration when performing equity valuations.

The outbreak of the covid-19 disease in Europe since the end of February has had an adverse impact for the real economy and for EU financial markets. According to the European Securities and Markets Authority (ESMA), since 20 February 2020, the stock markets in the EU lost 30%, while all sectors and types of issuers were affected by severe share price falls.

The coronavirus pandemic, characterized by the European Central Bank (ECB) as “a collective public health emergency unprecedented in recent history”, is unarguably expected to have significant impact on economic activity across the euro area.

Financial measures against the COVID-19 pandemic | 25 questions & answers

The spread of the Coronavirus is impacting businesses around the world. Entities need to carefully consider the accounting implications of this situation. This IFRS Alert considers the impact of the Coronavirus on 31 December 2019 year ends.

Recently, we have been going through an unprecedented period regarding not only our own country, but the whole planet as well; the period, characterized by the highest extent of uncertainty and volatility.

Practical steps for companies impacted by coronavirus

In the context of the crucial developments concerning COVID-19, businesses must be prepared, alert and agile to cope with the constant forthcoming changes. Rapid development of the new COVID-19 coronavirus requires awareness and the contribution of all of us, businesses and individuals, with a sense of personal and collective responsibility towards society. We urge you to keep up to date, on a daily basis, with the latest developments announced by the competent authorities.

So, the challenge is to create the network of “touch points” of the future, today and make sure that it can bring sustainable growth to the business. But how can this be done?

On the occasion of the Law 4403/2016 on Non-Financial Information, which concerns the implementation of the European Directive on the incorporation of social and environmental data into the annual financial reports of large enterprises, the rhetorical -as critiqued by many- question resurfaced;

Digital transformation has become a buzzword but its meaning still remains rather ambiguous. In the financial services industry, the term is used at scale. Long-established institutions are more or less beginning to approach the issue of their digitization and wonder whether or to what extent technology-driven innovation is going to affect their business model and market performance.

We are living in a forward-moving society with a relentless accelerating pace in today’s business world; thus trying to manage the speed of changes becomes a vital process that needs to be in a continually evolving and reforming status.

When changes happen fast, then time has more value. In a world of agility, it is hard to believe that colossal, capital intensive energy companies need to change or die, in a matter of a few months or very few years. No one in this new energy future is too big to fail.