Hellenic Federation of Enterprises

Economy ‘in uncharted territory’

The Hellenic Federation of Enterprises (SEV) commented on Thursday that the suspension of tax and social security payments by companies due to the coronavirus epidemic is a step in the right direction but not enough to tackle the effect of a drop in demand from the upcoming slide in consumer confidence.

Middle incomes take big blow

Greece's middle-income earners are today at least 30 percent poorer than they were in the period before the economic crisis, having been overtaxed and having grown in number, as they now include previously wealthier categories too, according to Hellenic Statistical Authority (ELSTAT) data processed by the Hellenic Federation of Enterprises (SEV).

SEV proposes measures to reverse brain drain

Nearly half a million Greeks left the country in the decade from 2008 to 2017, seeking a better luck abroad, mainly in Germany and the United Kingdom, according to the latest available data. The Hellenic Federation of Enterprises (SEV) is proposing a series of measures not only to stem the outpour of young, skilled Greeks, known a "brain drain", but also to reverse it.

OECD toolkit reforms add billions

Greece's economy has benefited by 5.66 billion euros from adopting 161 market reforms recommended by the Organization for Economic Cooperation and Development, out of a total of 775 in the OECD's "toolkit," according to provisional calculations by the Hellenic Federation of Enterprises (SEV).