CashNews.co
The President of the Hellenic Federation of Enterprises, (SEV), Spyros Theodoropoulos, is expected to highlight the need for large-scale productive investments in the industry, during the Open Event of the General Assembly of SEV, held at the Athens Concert Hall under the theme “Together We Achieve More” on Thursday, Oct.24.
Theodoropoulos’ speech is highly anticipated as it will come three days after the government’s revealing of its plan to transform the country’s productive model through recourse distribution and redesigning the development law.
SEV’s president is also expected to emphasize the need for clear, streamlined licensing processes and structural issues that hinder the industry.
There is great interest as this will clarify whether the government’s announcements are in alignment with the business sector’s demands to recover the lost investment ground of the past two decades.
Not only does the current rate of investment growth need to be maintained, but it must also be significantly strengthened.
It is worth noting that almost one in three investments (31%) in Europe in 2023 was directed toward industry, while in Greece, the corresponding percentage was just 12%, and 18% during the period 2000-2022.
At the same time, foreign direct investment in Greece dropped from 7.5 billion euros in 2022 to 4.6 billion euros in 2023.
Despite the setbacks, especially during the years of the economic crisis, the Greek industry is demonstrating resilience and adaptability.
According to leading Greek entrepreneurs there is a willingness to increase investments, despite competitiveness issues, bureaucratic burdens, and energy costs. However, the same sources emphasize that the government’s aid is necessary to help overcome these burdens and attract investments.