Hellenic Federation of Enterprises

The slow pace of justice in Greece is one of the main obstacles to economic growth, according to the Hellenic Federation of Enterprises (SEV).

On Wednesday SEV presented a European Commission report showing that the time needed for first-degree civic and commercial cases averages at 378 days in Greece, against an average of 242 days in the European Union.

The problematic slide in private consumption, on which Greece's economy continues to rely, is not only unsustainable but also poses a serious threat to the economy. Instead of Greece increasing its export and production activity and attracting investment, the contribution of constantly shrinking consumption toward gross domestic product is growing as a percentage, in a vicious cycle.

The Hellenic Fiscal Council and the Hellenic Federation of Enterprises (SEV) warned the government on Wednesday about the threat of stagnation in the economy without the implementation of reforms, along with the threat of fiscal problems in the future from state-guaranteed loans.

In a country suffering from a protracted economic crisis and high unemployment, part-time employment offers a solution to companies struggling to stay afloat. It has also doubled in size since the start of the financial meltdown, a report by the Hellenic Federation of Enterprises (SEV) shows.

Greek enterprises are particularly worried about the state of the electricity market, the uncertainty over the sustainability of Public Power Corporation (PPC) and the government's unrealistic plans for enhancing competition, as statements by the head of the Hellenic Federation of Enterprises (SEV) illustrated on Wednesday.

In today's adverse business environment, the excessive taxation of corporate profits favors the illegal economy and pushes organized enterprises and their workers out of the market, according to the weekly bulletin of the Hellenic Federation of Enterprises (SEV).

Ernst & Young released an analysis report outlining the profile of the Greek tax-evader.

Greek households generally own their home and have a car; they often have a house in the village their family hails from too. However, their bank accounts are shrinking, their loans are not being serviced as promptly as they used to be and their liquidity is close to zero.

Greek enterprises are burdened by an exceptionally noncompetitive tax system and the results of this are reflected in the country's economy, according to the monthly bulletin published by the Hellenic Federation of Enterprises (SEV).

The leftist-led government is struggling to convince voters that the Greek economy has started to show an upward trend, but data provided by experts provide a different picture.