Majority of CEOs surveyed in Greece believe reforms will continue only with supervision

18 January 2018
105 Views

Roughly two out of three surveyed CEOs and general managers in Greece believe that reforms in the recession- and crisis-battered country will continue only under creditors’ supervision.

Six out of 10 top executives surveyed also said that Greece isn’t a particularly attractive destination for foreign direct investment.

The results were found in the latest quarterly report by the Association of Chief Executive Officers, in cooperation with the ICAP Group. The report relied on responses by 3,020 CEOs and corporate general managers.

Another finding in the report, which was based on a survey conducted between mid December 2017 and early January 2018, shows that the ICAP-CEO General Index standing at 153 points in the Q4 2017, up from 147 in the previous quarter (Q3 2017) and 130 points in the corresponding quarter of 2016.

Most Greece-based CEOs surveyed forecast an improved economic climate in the country from the pending implementation of a latest batch of memorandum-mandated “prior actions” – passed on Monday by Parliament – linked with the third review of the current bailout.

Conversely, 59 percent of surveyed executives said Greece was not a particularly attractive destination for foreign investment; 37 percent said it was not attractive at all.

You may be interested

Giannis Antetokounmpo never forgets his roots
GREECE
shares63 views
GREECE
shares63 views

Giannis Antetokounmpo never forgets his roots

makis - Feb 19, 2018

In an interview with ESPN, Giannis Antetokounmpo, known as the “Greek Freak” due to freakish athletic abilities and his prowess…

FYROM PM: Name dispute with Greece to be resolved by July
POLITICS
shares65 views
POLITICS
shares65 views

FYROM PM: Name dispute with Greece to be resolved by July

makis - Feb 19, 2018

The Prime Minister of FYROM, Zoran Zaev effectively announced that his country will have reached an agreement on the name…

Bloomberg: Greece will not receive € 5.7bln tranche at EuroGroup today
FINANCE
shares109 views
FINANCE
shares109 views

Bloomberg: Greece will not receive € 5.7bln tranche at EuroGroup today

makis - Feb 19, 2018

Greece is not expected to receive the Eurogroup approval today for the € 5.7 billion disbursements, as there are still…

Leave a Comment

Your email address will not be published.