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One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations By:
EconomyFeaturesRecord 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.
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EconomyMacroeconomy
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.
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PoliticsGreek Politics
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.
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PoliticsGreek Politics
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.
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EconomyFeatures
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.
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EconomyFeatures
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.
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EconomyFeatures
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.
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PoliticsGreek Politics
Mitsotakis showcases digital successes in drive to attract inward investment Since coming to power in July 2019, the New Democracy administration has been promoting an economic growth agenda based on attracting digital and green investments, and it is now able to point to the launch of a number of flagship projects.
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EconomyFeatures
EIB investment survey points to diminished investment appetite The European Investment Bank has released its annual investment survey, showing that for the first time since the survey started five years ago, investment sentiment has largely turned negative across the European Union.
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EconomyMacroeconomy
Exporters focus on new markets to weather pandemic Greek exporters are continuing their efforts to ride out the coronavirus pandemic and its second wave by looking at how to change their export profile and tap into new export markets.