Ηalf of Greek businessmen expect a worsening in the business environment in the next two years

Αlmost half of Greek businessmen expect a worsening in the business environment in the country in the next two years, a survey by Entrepreneurs’ Organization showed on Thursday.

The survey, conducted on a sample of 435 businessmen in the country, said that 22.81 pct of Greek businessmen expected the business environment to improve, a 49.12 pct said it will worsen and a 28.07 pct said it will remain unchanged.

More analytically, the survey showed that the most significant challenges faced by Greek businesses currently, were: a new workers’ profile (66.04 pct), changing consumer needs (66 pct), unstable and high taxation (65.69 pct), competition from abroad (45.75 pct), new technologies (45.56 pct).

In a small scale, significant challenges were also considered to be bureaucracy (23.61 pct) and non-friedly business state (23.35 pct).

The survey said that only 38.6 pct of Greek enterprises have made any significant investments in the last six months, particularly on building infrastructure (22.86 pct), new technologies (22.18 pct), research and development (22.91 pct), human resources (22.05 pct).

Looking forward to the next six months, a 36.84 pct of Greek enterprises said they were ready to make some significant investment while 63.16 pct of them not. These investments would focus on building infrastructure (22.76 pct), new technologies (22.67 pct), research and development (22.48 pct) and human resources (22.1 pct).

Only 19.3 pct of businessmen said they could launch a new business in the current economic environment, a 38.6 pct offered a negative response while 42.11 pct said they were considering such plans.

The survey said that despite prevailing adverse economic conditions a 60 pct of enterprises create new job positions in the March-August period, of which 94.12 pct were full-time jobs. These hirings were made in the departments of: domestic sales (50 pct), research and development (44.12 pct), international sales (41.18 pct), IT/new technologies (38.24 pct), marketing (32.35 pct), production (23.53 pct) and logistics (20.59 pct).

A 35.09 pct of companies in the sample said they planned to create new jobs in the next six months (Sept 2016-Feb 2017), a 35.09 pct said they might and 29.82 pct responded negatively.

A 47.37 pct of enterprises managed to raise revenue in the last six months, a 29.82 pct said revenue was unchanged and 22.81 pct said revenue fell.

The survey was conducted in October 2016 for the period March-August 2016. The sample included companies from the industrial sector (15.79 pct), new technologies (21.05 pct), services (29.82 pct), tourism (3.51 pct), agricultural products (1.75 pct), retail commerce (5.26 pct) and wholesale (15.79 pct).