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1 week ago | 
ekathimerini.com | Despina Konti
ECONOMY BUSINESS Greek-owned startups woo Nvidia “Currently, the AI model we have developed can produce a four-second scene in one minute, which of course we are constantly improving,” the Greek founder of US company Runway AI, Anastasis Germanidis, stated to Kathimerini a year and a half ago.
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1 week ago | 
ekathimerini.com | Despina Konti
ECONOMY BUSINESS Novartis buying biotech startup with Greek scientists Novartis is acquiring a biotechnology company whose core is made up of a team of Greek scientists, for $1.7 billion. Based in San Diego, California, Regulus Therapeutics specializes in the development of microRNA therapies.
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2 weeks ago | 
ekathimerini.com | Despina Konti
ECONOMY GREEK ECONOMY Nearly half of Greek SMEs are digitally illiterate Small and medium-sized enterprises in Greece score particularly low in the adoption of digital technologies, with almost one in two (46.6%) being evaluated very low in the relevant Eurostat digital intensity index.
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2 weeks ago | 
ekathimerini.com | Despina Konti
ECONOMY New plan for safer railway network The government unveiled reforms on Monday aimed at enhancing railway safety and increasing the flexibility of the state-run Hellenic Railways Organization (OSE), following the deadly 2023 Tempe disaster.
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3 weeks ago | 
ekathimerini.com | Despina Konti
ECONOMY BUSINESS Banks discovering Greek startups Venture capital funds, private investors, family offices and, more recently, banks, are some of those scanning the Greek startup market, looking for opportunities for new investments.
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3 weeks ago | 
ekathimerini.com | Despina Konti
ECONOMY BUSINESS Startup’s recipes based on AI Petros Mandalis, who alongside Panos Kostopoulos, Ted Leonsis and Dimitris Zisis have set up Proxy Foods. Washington-based Greek startup Proxy Foods has created an artificial intelligence platform producing recipes for snacks, cold cuts, sauces and pasta, as well as cocktails and entire restaurant menus.
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1 month ago | 
ekathimerini.com | Despina Konti
ECONOMY AI recruited to improve public services Incubator to simplify legal texts, improve administration, and foster citizen-state interaction The government is assembling a small, elite team of artificial intelligence experts to develop applications aimed at improving state services and citizen interaction, part of a broader strategy to integrate cutting-edge technology into the public sector.
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1 month ago | 
ekathimerini.com | Despina Konti
ECONOMY Innovation deficit still bogging down Greek businesses Driven largely by necessity rather than opportunity, a new wave of entrepreneurship is emerging in Greece, accompanied by low competitiveness and a lackluster performance in global innovation rankings. These are among the key findings of a recent report by the Dianeosis research organization.
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1 month ago | 
ekathimerini.com | Despina Konti
ECONOMY RAILWAYS OSE to steam ahead at private sector-style pace The government is about to remove the Hellenic Railways Organization (OSE) from public sector procedures in terms of recruitment of critical specialties, assignment of projects and supplies, as well as executive remuneration. The main goal is to speed up the restructuring of the organization and to fix problems that were tragically highlighted by the deadly Tempe crash.
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1 month ago | 
ekathimerini.com | Despina Konti
SOCIETY Effectiveness of bus lanes questioned Chaotic scenes in Athens’ bus lanes have sparked renewed debate over traffic management as officials consider allowing taxis access to those dedicated lanes. Bus driver Makis Panagopoulos, with 24 years of experience, told the press: “The bus lanes haven’t worked for years.
