Business Briefs

The tourism sector’s contribution to Greece’s GDP in 2021 could exceed 1/5 based on a study conducted by McKinsley & Co, a management consulting firm, on behalf of the Hellenic Federation of Enterprises (SEV) and the Hellenic Bank Association (HBA), it was announced on Tuesday. A draft merger agreement of Alpha Bank, via the absorption of Eurobank EFG, was approved by their respective boards at separate respective meetings on Tuesday. The newly merged bank will have approximately 2,300 branches and 150 billion euros in assets, ranking 23rd in size in the Eurozone.

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