MacroPolis

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.

PMI up to 58.6 pts in June on strongest rise in new orders for 21 years

Greece’s manufacturing PMI in June reached 58.6 points, from 58 points in May, signaling the ongoing improvement in market conditions in Greece, as compiled by Markit.

Catering and entertainment businesses chafe at vaccination status rules

Businesses are reacting to the latest raft of Covid-19 measures announced by the Greek government in tandem with the latest stage of lockdown easing.

Govt calls on local businesses and banks to free up capital for investment

Prime Minister Kyriakos Mitsotakis has called on Greece’s entrepreneurs to invest in the country as his government seeks a decisive shift away from the travails of the pandemic, which look like they may linger for a little while longer at least.

Company closures dropped sharply during the pandemic

The number of enterprises in Greece that closed last year fell by more than a fifth last year, while the number of new start-ups was virtually unchanged from the year before, according to data from the Hellenic Statistical Authority.

Survey illustrates extent of pandemic impact on firms amid recovery hopes

The fourth survey by the Hellenic Federation of Enterprises (SEV) on business expectations suggests that Greek firms have been seriously impacted by the Covid-19 crisis and, although, they would like more support, they are hopeful of recovering soon.

Greece maintaining investors' interest, EY survey finds

A survey by Ernst & Young (EY) following up from their Attractiveness Survey Europe 2020 earlier in the year has found that investment interest in Greece for the post-pandemic period remains steady.