Hellenic Federation of Enterprises

SEV proposes that pay ought to hinge on productivity

The Hellenic Federation of Enterprises (SEV) is in favor of a production model that would get rid of the distortions of the past as well as those created by the crisis, proposing that salary levels be contingent on productivity.

This is the main message the industrialists' union will convey at a conference it is holding on Tuesday with the participation of the main unions.

Opposition chief visits eHealth forum in Athens

New Democracy leader Kyriakos Mitsotakis visits the eHealth Forum at the Technopolis complex in Gazi, central Athens, Friday. The exhibition, supported by the Hellenic Federation of Enterprises (SEV) and dedicated to the digital revolution in healthcare, brings together industry leaders, scientists, innovators and patients, and ends Sunday. [Alexandros Vlachos/ANA-MPA]

SEV chairman urges gov't to find solution over Eldorado

Hours after Canadian mining company Eldorado Gold said it planned to suspend investment at its mines in northern Greece following what it said are government delays in the issuing of permits and licenses, the chairman of the Athens-based Hellenic Federation of Enterprises (SEV), Theodoros Fessas, called upon the left-led government to find a "political solution" to the problem.

Growth is built on shaky ground

Retail sales may be on the rise, contributing to an increase in gross domestic product, as Hellenic Statistical Authority (ELSTAT) second-quarter figures are expected to confirm on Friday, but analysts warn that Greeks are eating into their savings for this spending - which is not a good omen at all for the return of growth on a solid basis.

Slow pace of justice hampering economic growth

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.

Economy continues to rely on troubled private consumption

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.

Gov't receives triple warning

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.