Coronavirus HUB

Mid-market technology companies need to be creative about supply chain cost management

Grant Thornton Greece, showing its leading role to the coordination of the Grant Thornton network in South East Europe region, has gathered, with the collaboration of the region`s member firms, the measures taken by the states for the relief from COVID-19 in the following countries: Greece, Cyprus, Bulgaria, Turkey, Romania, Albania and North Macedonia. The presentation of the measures regards the following sectors: Financial, Corporate, Tax, Social and Healthcare as well as Employment. You may click the download button on this page to see the full presentation.

Mankind today is facing an unprecedented, multi-layered crisis. The combination of Covid-19 pandemic in line with the apparent economic implications lead to a recession, unprecedented in the recent past. In fact, it might just as well be the first time in history when the entire globe has allied against a common and invisible enemy.

As the impact of a novel strain of coronavirus (COVID-19) continues to unfold around the world, those individuals responsible for preparing financial statements and approving them for issue need to be cognisant of not only what has happened and is happening at the reporting date and the time the financial statements are approved, but also what is likely to happen next.

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 most important arrangements of the 30/03/2020 Legislative Act regarding the measures against the Covid-19 pandemic and other urgent provisions:

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.

Practical steps for companies impacted by coronavirus

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.

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.

The present study examines the expected effects of the economic conditions as developed due to Covid-19

The COVID-19 pandemic is having a tremendous impact on the world’s economy. Many businesses are struggling to stay afloat and doing whatever they can right now to rationalise costs and preserve any cash surpluses they have in order to bridge future cash flow needs. Around the world, governments are stepping in to try and limit the impact of the pandemic by providing financial support in numerous ways from direct cash payments through to the deferral of tax payments.

The most important arrangements of the 01.05.2020 Legislative Act regarding further measures against the Covid-19 pandemic and the return to the social and economic normality:

The most important arrangements of the 13.04.2020 Legislative Act regarding the measures against the Covid-19 pandemic and other urgent provisions.

The private sectors’ support in the fight against the coronavirus pandemic is essential during this critical period. For this purpose, even though no further tax incentives are currently on offer, the State at least looks into ensuring that no tax disincentives arise for enterprises and individuals, who wish to contribute to the common cause and help defeat Covid-19.