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The professional business consultants of Grant Thornton provide you with complete Advisory services to help create, protect and transform value today, so you...

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Technology Intelligence & Performance
Technology Intelligence & Performance
Strategy and Investments
The Strategy and Investments department supports businesses at strategic, operational and financial level.
Environmental, Social, Governance, Risk & Compliance
In the current business and regulatory environment, businesses aspire to meet today's requirements effectively, and to create value on sustainable terms.

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ARTICLE Cyber Resilience and businesses

The rapid development of technology, its direct impact on the operation of businesses and the easier than ever access to large amounts of information over the internet have made it necessary to establish rules and practices that are able to enhance the resilience of businesses to cyber risks, provide the confidentiality, integrity and availability of data, and achieve privacy and personal protection Data.

Vasilis Manousopoulos

| 8 min read | 23 Feb 2022

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In Grant Thornton we provide comprehensive assurance services based on a deep understanding of your operations and our adaptability.

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The dedicated staff of Grant Thornton provide you with audit services such as financial statements for your business by using the HORIZON methodology.
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At Grant Thornton, we recognize the need to align financial data with regulatory change, as well as the requirement for accurate financial data and consulting services.

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Digital Operational Resilience Act (DORA) Improving the digital operational resilience of European Financial Services

Improving the digital operational resilience of European financial services.

17 Apr 2024

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Diagnostic tax review is a tax service offered by Grant Thornton to assist your organisation in identifying and assessing potential tax exposures.
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Get informed about tax efficient supply chain planning and how to improve your company's productivity model by reorganizing your productivity activities.
Global mobility strategy
In a globalized world, businesses must work seamlessly across borders. Organizations operate in multiple countries and view international expansion as a strategic objective.

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TAX ALERT Tax reversal: Is your company retroactively liable to loan stamp duty?

With two important decisions of the Council of State (2163/2020 and 2323/2020) was held that the imposition of stamp duties on simple interest-bearing loans granted by a VAT taxable entity was deemed illegal as of 01-01-1987.

1 min read | 27 Oct 2022

Business Process Outsourcing

Our Business Process Outsourcing services remove the burden and worry of back-office processes and reporting requirements across multiple jurisdictions.

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Accounting & Tax Compliance Services
Transferring non-core, yet important, activities outside the company and assigning them to specialists - external partners (Business Process Outsourcing) is the best practice applied by companies seeking to maximize efficiency and cut costs.
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Grant Thornton provides specialized services in payroll management and human resources management for any type of company.

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Έρευνα από την Grant Thornton το 2014 Outsourcing: συμβάλλοντας στην αποδοτικότητα & στην ανάπτυξη

IBR Outsourcing: driving efficiency and growth for businesses

Outsourcing: driving efficiency and growth

30 May 2014

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Learn more about the financial services offered by Grant Thornton to all institutions according to their needs on assurance, compliance and advisory.

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Insurance
Here you will find all the financial assurance services that Grant Thornton can offer to your company and the pillars that are included.
Asset management
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We provide dedicated services to assist Chinese organisations investing in Europe and European businesses looking to enter or expand in the Chinese...

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Optimism is slowly returning to the global economy, but the financial services industry needs to regain the trust of public and private bodies. To succeed,...

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A study on the effects of Covid-19 on Greek businesses & the economy

Nowadays, humanity is faced with an unprecedented, multifaceted crisis. The combination of the Covid-19 pandemic and its looming economic impact is leading to a recession, unheard-of in recent times, and the business world - along with the society - is sailing in uncharted waters.

In this period of uncertainty, Grant Thornton Greece is attempting to make a primary assessment of the pandemic's effects on the Greek economy, and the measures adopted to reduce them, but also to evaluate the magnitude of the recession that will follow the gradual lifting of measures by the end of 2020.

Study identity

The present study examines the expected effects of the economic conditions as developed due to Covid-19, on the critical sizes of the Greek businesses, as well as on the Greek economy in its entirety. The study is divided into three sections:

The first section outlines the industries affected by COVID-19
The second section presents our assessment of the impact of COVID-19 on the Greek economy as an aggregate (GDP).
The third section presents our estimates of the impact of COVID-19 on key sizes of the Greek businesses for the purposes of assessing business liquidity in 2020 as compared to the previous year.

Key study conclusions

Businesses representing 69% of the total turnover of Greek businesses were directly affected by the Covid 19 pandemic as a result of limitation or even cessation of their operations.
In total, businesses that generate a turnover of € 32.9 billion (11% of the total turnover) and employ approximately 1.1 million executives (25% of the total) have ceased operations due to the pandemic.
The initial estimate shows that in 2020, the Gross Domestic Product (GDP) will decrease by 8.5%. The impact of the pandemic on high-value-added tourism-related industries of the economy, such as transport, accommodation and catering, contribute to the decrease of GDP.
Given a sample of 17,000 companies with a turnover of over € 200 k.
‒ a decrease in turnover by -12.4% is expected to be recorded in 2020.
‒ a decrease in operating profitability (EBITDA) by -39% is expected to be recorded in 2020.
‒ a decrease in liquidity by € 5.6 billion is estimated to be recorded as a result of the limitations and the economic impact of the pandemic on their operations.