MacroPolis

Greek entrepreneurship by numbers: Micro-scale and macro impact

The latest data released by ELSTAT on the demography of Greek businesses for the year 2023 captures the idiosyncrasies of Greek entrepreneurship and adds valuable insight to the debate about Greek competitiveness and the efforts to boost long-term growth potential.

Low-productivity economy a legacy of adjustment without transformation

A study by the Hellenic Observatory at the LSE paints a grim picture regarding the outcomes of Greece’s adjustment programmes that intended, in theory, to lead to an economic transformation that would shift the paradigm of economic growth.

At sidelines of UNGA, Mitsotakis talks up Greece’s prospects as energy, tech hub

Despite the cancellation of his meeting with Turkish President Recep Tayyip Erdogan at the sidelines of the 80th United Nations General Assembly (UNGA), Prime Minister Kyriakos Mitsotakis has had a busy week of talks in New York, during which has tried to position Greece as a pivotal player in energy security, technological innovation, and regional diplomacy.

Building on flurry of policy pledges, Mitsotakis vows to back research and innovation

Looking to build on whatever momentum he has generated as a result of his recent policy announcements at the Thessaloniki International Fair (TIF), Prime Minister Kyriakos Mitsotakis has pledged greater emphasis on supporting innovation in Greece over the coming years.

Great Expectations: Is Greece 2.0 hitting the target?

By: Georgia Nakou

Funding from the EU’s Recovery and Resilience Facility has been central to shaping expectations of economic recovery in Greece as the country emerges from its ten-year economic crisis and the Covid-19 pandemic.

Labour database shows 8 in 10 workers earn less than 1,200 per month

The annual edition of data from Ergani, the Labour Ministry’s database, gives a good snapshot of Greek entrepreneurship and economic activity as well as details about the earning capacity of workers.

Company revenues rise by 35.5 pct in 2022 on back of inflation and card transactions

The total turnover of enterprises in the Greek economy for 2022 jumped by 35.5 percent year-on-year (YoY), from 19.7 percent in 2021, based on data released by ELSTAT on Tuesday.

Record FDI flow into Greece raises bar, but is it sustainable?

By: Georgia Nakou

Greece has reported record flows of inward investment in 2021 and looks set to exceed the amount again in 2022.

Manufacturing remains in contraction for Oct as business optimism falls to lowest since May 2020

Greece’s Manufacturing PMI resumed its slide in October, falling by 1.6 points to 48.1, from 49.7 points in September, according to S&P Global data released on Tuesday.

One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations

By: Georgiou Nakou

Record investments in Greek startups and a number of headline-grabbing exits – including Greece’s first “unicorn” – have generated a lot of interest in the space which the government views as a national success story. A closer look at the numbers reveals positive trends over recent years, however it also highlights the need for some perspective around a subject that is often susceptible to hype.