Hellenic Federation of Enterprises

Economist Michalis Masourakis to take over as Greece's IMF representative

Finance Minister Christos Staikouras has appointed Michalis Masourakis as Greece's new representative to the International Monetary Fund (IMF), according to a ministry statement on Tuesday.
On September 1 Masourakis will succeed Michalis Psalidopoulos who leaves its post after five years and whom the government and the ministry thanked for his contribution and cooperation.

E-commerce boosts turnover

Digitally upgrading an enterprise can fetch up to 20% more sales compared to its rivals that have not created an online store or made other such moves toward an electronic transformation, according to a report by the Hellenic Federation of Enterprises (SEV).

SEV extends its support to InvestGR Forum’s digital version

After announcing its support back in February for the conventional 3rd InvestGR Forum 2020 that was supposed to take place on June 24, the Hellenic Federation of Enterprises (SEV) on Thursday extended its backing for the digital version of the event, to be held online on July 15-16 and October 8-9.

Hundreds of thousands of jobs set to go

About 580,000 people will lose their jobs in the period from March to July 2020, the Hellenic Federation of Enterprises (SEV) estimates in its bulletin on the Greek economy, stressing the need for the immediate utilization of the 1.4 billion euros from the European program SURE. This would amount to €483 per person for five months.

Industrialists call for flexibility

Greece will have to restructure its production model after the coronavirus crisis has eased so that it does not depend on tourism and small and medium-sized enterprises to such a great extent, the Hellenic Federation of Enterprises (SEV) argues in its monthly bulletin.

It adds that, in that regard, the government ought to proceed with reforms and reduce energy and non-salary costs.

One in four workers has had their contract suspended

The Hellenic Federation of Enterprises (SEV) on Thursday asked the government to restart the economy with some bold decisions, and presented Hellenic Statistical Authority (ELSTAT) data showing that more than one in four workers in Greece has had their labor contracts suspended in accordance with the framework the government introduced in March to lessen the damage enterprises sustain as a resu

Tapping the markets would 
make sense, say experts

Greece's bond yields have eased from a year-high recorded in March, but remain above the all-time lows posted earlier this year.
In its latest weekly bulletin, the Hellenic Federation of Enterprises (SEV) went as far as calling for an immediate market foray, before other bigger countries do so, with an impact on yields.

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