SEB: Greece has huge opportunities for investments

27 October 2015
85 Views

Greece has huge advantages and many opportunities for investments, according to the Federation of Hellenic Enterprises (SEB).

However, Greece lacks a regulatory framework to safeguard a minimum competitive profitability in relation with the rest of the world from investments in sectors producing internationally-commercial goods.

In a weekly bulletin on the economy, SEB said that Greece lacks confidence in the productive forces and the stability and duration of implementing economic policies.

Investing in industry is the starting point for the development of the Greek economy, SEB analysts said. Noting that the setup of an Industry Council – acting in parallel with the Industry ministry, and activating people in the production sector Greek economy – will be advanced.

Commenting on budget execution, SEB said that September figures showed a gradual weakening of revenue. Moreover, a significant increase in new overdue tax debt to the state could be attributed to the inability of state agencies to collect revenue because of the introduction of capital controls in the country.

Furthermore, SEB underlined that the country has great potential and remarkable human resources, but lacks entrepreneurship.

A series of surveys showed that conservative minds, low tolerance and the fear of failure were not characteristics of creating societies and robust business activity.

At the same time, state interference added to the problem, creating obstacles to lead the country into becoming a ‘European California’ where dynamic enterprises and innovative creativity will co-exist.

You may be interested

Metro station evacuated in Tower Hill, London
WORLD
shares19 views
WORLD
shares19 views

Metro station evacuated in Tower Hill, London

makis - Sep 26, 2017

Tube station has been evacuated after a phone charger exploded on a District Line train. The London Fire Brigade said…

Dimitris Giannakopoulos: PAO Foundation project is over for me
GREECE
shares32 views
GREECE
shares32 views

Dimitris Giannakopoulos: PAO Foundation project is over for me

makis - Sep 26, 2017

Uncertainty over the financial future of Greek football giants Panathinaikos Athens continues, after Dimitris Giannakopoulos, the major shareholder and owner…

Samothraki: Destruction of Biblical proportions after heavy rainfalls
GREECE
shares29 views
GREECE
shares29 views

Samothraki: Destruction of Biblical proportions after heavy rainfalls

makis - Sep 26, 2017

The heavy rain that hit Greece in the late hours of Monday caused serious problems in many parts of the…

Leave a Comment

Your email address will not be published.