Insight

The Buzz in Greece: Interview with Nassos Felonis of Bahas, Gramatidis & Partners

The Buzz in Greece: Interview with Nassos Felonis of Bahas, Gramatidis & Partners

Nassos Felonis

Nassos Felonis

September 29, 2021 04:59 AM

Nassos Felonis, Partner of Bahas, Gramatidis & Partners, talks to CEE Legal Matters about the latest developments in Greece.

Even with the delta variant being prominent in Greece, the country seems to be on an upward trajectory, according to Nassos Felonis, Partner at Bahas, Gramatidis & Partners.

“The overall political landscape is very stable,” Felonis starts. “The government is very solid – it has a parliamentary majority and the support of Greek people, not only regarding the economy and development but also on handling the Covid situation since day one.” Felonis says this is especially important, given the spread of the delta variant in Greece and an overall fear of another wave of the new coronavirus in the fall.

“The good thing is that the vaccination efforts have started off strong,” Felonis continues but does say it has since slowed down. “This is most likely to do with one part of the population being wary of the potential side effects the vaccines might have, and another, although smaller, part being against the vaccines altogether.” The initial goal of the government was to have about 80% of the population vaccinated come fall, but this seems unlikely at the time. “Another problem is that the opposition parties, while agreeing in principle with the government’s vaccination efforts, are not clearly aligned on specific measures, such as the mandatory vaccination of certain categories of workers – this could only further slow things down,” Felonis says.

With all the good work the Greek government has done, Felonis underlines several things. “Firstly, there has been a major revision of the labor law framework which aligned the system more with EU standards and practices,” he says. Now, there is a higher degree of flexibility for employers and employees to make arrangements related to work schedules, Felonis says, and this will make the economy more competitive. He adds that “the new Law establishes clear rules on the prevention of violence and harassment in the workplace, balance of work and family life, remote working, etc.”

“Secondly, the government has introduced a swath of initiatives related to public education, allowing universities to have more autonomy and tailor their work & programs to market needs more,” Felonis continues. “Creating these linkages, not only between the universities and the market but also between domestic universities and major educational centers in the UK and the US, will lead to our students being better prepared professionally and being more culturally savvy.”

Finally, turning to the economy, Felonis says that 2021 is looking good so far. “After last year, we can honestly say that things are picking up and that this year looks more like 2019, at least when it comes to the tourism sector,” he says. Also, Felonis highlights the establishment of the “Recovery and Resilience Facility” (RRF), a central part of the overall “NextGenerationEU” Plan, which has been created to alleviate the negative effects the pandemic had on certain sectors of the economy. “The development aspect of the program, which has been approved by the European Commission, will see Greece receive about EUR 30.5 billion, 17.8 billion in grants and 12.7 billion in loans. This, coupled with private and banking funds to be involved in development projects, could potentially reach approximately EUR 70 billion,” he says. These funds will, firstly, be directed towards infrastructure works and the digitalization of the economy. “The government has made a strong effort of rapidly digitalizing public administration and services,” Felonis notes.

Other parts of the funds, Felonis says, will be directed towards green, renewable energy sources. “Large Greek companies are investing already, by issuing so-called ‘green bonds’ in order to finance renewable energy sources,” Felonis continues. “Not just solar and wind, but also to create energy storage facilities, to invest in natural gas distribution networks, provide incentives for the gradual use of electric cars, as well as for start-ups, limiting energy waste, uplifting public buildings and private housing through incentives to have them more environmentally friendly and less energy-hungry.” This initiative, he says, started in June of this year and will unfold over the next five-year period, creating great prospects and opportunities for the economy and society in general.

You may read the full interview below and/or at CEELM website here

The interview was first published by Andrija Djonovic in CEE Legal Matters Magazine Website on the 30th of July 2021.

Related Articles

Does the Crystal Ball Predict a Fall?


by Kathleen Bernardo

In the post-pandemic climate, economists are making many predictions about what’s to come for the housing market. But one real estate lawyer with decades of experience says that this reset was crucial and not necessarily indicative of the doom and gloom we thought we were facing.

Multi-colored houses with purple backdrop

Big Updates in the Big Apple


by Nina M. Roket and Thomas D. Kearns

A Post-COVID-19 update on the commercial market for landlords, building investors and retail developers in New York.

Abstract skyscrapers and buildings in multi-color

Infrastructure Restructure


by David A. Lum

Developers are embracing creativity and ESG to continue their real estate projects amidst a backdrop of inflation, supply chain demands and pipeline issues.

Two figures standing in construction site

The Employment Pandemic


by Meredith Caiafa and Sarah Greene

The pandemic has had far-reaching effects on employment law since it officially took hold in 2020, but the litigation and lawmaking surrounding it are mutating faster than the variants. Here’s how lawmakers and businesses can keep up.

Employment Law During COVID-19

Measuring Success by Results


by John Fields

Recognized Best Lawyers®* recipient Joseph F. Brophy on how his Firm determines success.

Measuring Firm Success

"Lawyer of the Year"


Texas "Lawyer of the Year" 2022

Charla Truett

Immigration Law

Dallas/Fort Worth, TX

2022

Hybrid Work: Coping with Compliance Consequences


by Gregory Sirico

Communications platforms like Webex by Cisco, Zoom and Microsoft Teams are more popular than ever in the age of hybrid work, but are firms risking compliance for convenience?

Compliances Issues with Hybrid Work

Changes and Challenges


by Megan Norris

As the pandemic ebbs and many people return to the office, midsize law firms in particular must navigate a host of unprecedented questions about costs, culture and client expectations.

Changes, Challenges and Cost of the Pandemic

Forging Bonds, Building Business


by Crystal L. Howard and Lizl Leonardo

As disorienting and occasionally frightening as the pandemic has been, it has also forced lawyers to find innovative new ways to stay connected and do business.

Pandemic Sparks Innovative Ways of Conducting

Staunch Competition


by Andrea E. Nieto, Catherine H. Molloy and Jennifer W. Corinis

On the other side of the pandemic, after record numbers of employee resignation, protecting trade secrets is both challenging and being challenged.

Protecting Trade Secrets During Period of Res

Employment Entanglements


by Justin Smulison

As the United States approaches its third summer against the backdrop of the coronavirus, employers and employees still find themselves in a Gordian Knot of interconnected labor and employment challenges, with no clear way to untangle them all.

Post-Pandemic Employment Challenges Persist

Legal Trends in the Modern Workplace


by Emma R. Schuering and Meghan H. Hanson

Employees are reevaluating their jobs and the workforce, including issues like pay equity, forced arbitration, paid time off, discrimination and other such policies as they continue to navigate a post-pandemic work life.

Legal Trends In the Workplace Post-Pandemic

Courtroom Mastery


by Justin Smulison

Victor H. Pribanic recalled the excitement of returning to the courtroom in late 2021 for a medical negligence case that could help set a new course for Pribanic & Pribanic’s trial advocacy.

Victor H. Pribanic Makes Return to Courtroom

Think Globally, Act Safely


by Michael Winkleman

As the pandemic (fitfully) recedes at last, is it once again safe to travel internationally? It is—if you take a few common-sense steps ahead of time.

International & Cruise Travel After Pandemic

There’s Hope for the Canadian Real Estate Market Post COVID-19


by Steven Tulman

Clover Mortgage offers advice and predictions on the Toronto real estate market as we move on post-pandemic.

Canadian Real Estate Market Post COVID-19

Newly Launched COVID-19 Litigation Project Offers Open Access To Pandemic-Related Court Judgments From Over 70 Countries


by Sara Collin

A worldwide database of COVID-19 cases is uniting more than 70 countries as judges, lawmakers and lawyers continue to navigate pandemic related litigation and the ways in which it’s evolving amid year three.

COVID-19 Worldwide Litigation Project

Trending Articles

How Palworld Is Testing the Limits of Nintendo’s Legal Power


by Gregory Sirico

Many are calling the new game Palworld “Pokémon GO with guns,” noting the games striking similarities. Experts speculate how Nintendo could take legal action.

Animated figures with guns stand on top of creatures

Announcing the 2023 The Best Lawyers in America Honorees


by Best Lawyers

Only the top 5.3% of all practicing lawyers in the U.S. were selected by their peers for inclusion in the 29th edition of The Best Lawyers in America®.

Gold strings and dots connecting to form US map

The U.S. Best Lawyers Voting Season Is Open


by Best Lawyers

The voting season for the 31st edition of The Best Lawyers in America® and the 5th edition of Best Lawyers: Ones to Watch® in America is officially underway, and we are offering some helpful advice to this year’s voters.

Golden figures of people standing on blue surface connected by white lines

How To Find A Pro Bono Lawyer


by Best Lawyers

Best Lawyers dives into the vital role pro bono lawyers play in ensuring access to justice for all and the transformative impact they have on communities.

Hands joined around a table with phone, paper, pen and glasses

Announcing the 2022 Best Lawyers® in the United States


by Best Lawyers

The results include an elite field of top lawyers listed in the 28th Edition of The Best Lawyers in America® and in the 2nd Edition of Best Lawyers: Ones to Watch in America for 2022.

2022 Best Lawyers Listings for United States

2021 Best Lawyers: The Global Issue


by Best Lawyers

The 2021 Global Issue features top legal talent from the most recent editions of Best Lawyers and Best Lawyers: Ones to Watch worldwide.

2021 Best Lawyers: The Global Issue

What the Courts Say About Recording in the Classroom


by Christina Henagen Peer and Peter Zawadski

Students and parents are increasingly asking to use audio devices to record what's being said in the classroom. But is it legal? A recent ruling offer gives the answer to a question confusing parents and administrators alike.

Is It Legal for Students to Record Teachers?

Best Lawyers: Ones to Watch in America for 2023


by Best Lawyers

The third edition of Best Lawyers: Ones to Watch in America™ highlights the legal talent of lawyers who have been in practice less than 10 years.

Three arrows made of lines and dots on blue background

The Best Lawyers in Australia™ 2024 Launch


by Best Lawyers

Best Lawyers is excited to announce The Best Lawyers in Australia™ for 2023, including the top lawyers and law firms from Australia.

Australian Parliament beside water at sunset

The Upcycle Conundrum


by Karen Kreider Gaunt

Laudable or litigious? What you need to know about potential copyright and trademark infringement when repurposing products.

Repurposed Products and Copyright Infringemen

Wage and Overtime Laws for Truck Drivers


by Greg Mansell

For truck drivers nationwide, underpayment and overtime violations are just the beginning of a long list of problems. Below we explore the wages you are entitled to but may not be receiving.

Truck Driver Wage and Overtime Laws in the US

Inflation Escalation


by Ashley S. Wagner

Inflation and rising costs are at the forefront of everyone’s mind as we enter 2023. The current volatile market makes it more important than ever to understand the rent escalation clauses in current and future commercial lease agreements.

Suited figure in front of rising market and inflated balloon

A Celebration of Excellence: The Best Lawyers in Canada 2024 Awards


by Best Lawyers

As we embark on the 18th edition of The Best Lawyers in Canada™, we are excited to highlight excellence and top legal talent across the country.

Abstract image of red and white Canada flag in triangles

Announcing The Best Lawyers in South Africa™ 2024


by Best Lawyers

Best Lawyers is excited to announce the landmark 15th edition of The Best Lawyers in South Africa™ for 2024, including the exclusive "Law Firm of the Year" awards.

Sky view of South Africa town and waterways

Best Lawyers Voting Is Now Open


by Best Lawyers

Voting has begun in several countries across the globe, including the United States, the United Kingdom and Europe. Below we offer dates, details and answers to voting-related questions to assist with the voting process.

Hands holding smartphone with five stars above phone

8 Different Types of Criminal Defenses in Law


by Best Lawyers

Learn about the different types of criminal defenses available in law, including innocence, self-defense, insanity and more. Protect your rights today.

Silver handcuffs laying on finger printed papers