Private sector shouldering the burden, industrialists say

The union of Greek industrialists (SEV) has painted a dire picture of the state of the Greek pension system, saying basically that it is running on empty, and that the country's beleaguered private sector has taken on a disproportionate share of the burden to support pensioners and the public sector.

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.

Part-time work is on the rise

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.

Factories shut one after another

The rapid deindustrialization of the country has led to the shutdown of at least 18 production units in the last five years from 2012 to 2016.

The latest such incident was the termination of the Pepsico-Ivi plant at Viotia, central Greece, on October 31. Three months earlier, on August 2, listed wire and wire ropes producer Leventeris had shut down its plant near Volos.

Property market in Greece is stuck in a rut

Greek bureaucracy is on a par with Uganda's regarding the procedures required for the sale of a property: Following the government interventions of the last few years, it now takes a total of 10 documents, certificates and so on for anyone to be able to sell one item of real estate in Greece, the same number as in the African country whose recent history has been marked by internal and external