PM Mitsotakis: Time for entrepreneurship to fully support workers, wages and welfare

Reduced taxes and lower insurance contributions over the last two years have facilitated Greek entrepreneurship, said Prime Minister Kyriakos Mitsotakis at an event held by the Foundation for Economic & Industrial Research (IOBE) in Athens on Friday.

This has improved liquidity, and the government has also provided political stability, which is important to long-term investments, the premier said at the “Greek Society: From sowing to fruition” discussion, held in honor of IOBE’s late honorary president Theodoros Papalexopoulos.

Entrepreneurship must now look into substantially supporting workers, wages, and welfare in terms of a broader social dialogue and securing competitiveness. “This will be an opportunity to return a growth dividend, and create the conditions for this dialogue,” he underlined.

Referring to Papalexopoulos, the prime minister said that he was “a great Greek businessman, who founded IOBE with the intention to infuse public discourse with the logic of applied policies that are based on real data.”

It is precisely this approach on state policy that makes Papalexopoulos, and also IOBE, so relevant today, Mitsotakis pointed out. “I believe that, as a government, we too have adopted such an approach,” he highlighted.

Theodoros Papalexopoulos was trained as a civil engineer who started his career in Greece in cement production (in 1952), before joining TITAN Cement Company SA in 1961, where he served as vice chairman of the Board of Directors and later as advisor to the Group.

Papalexopoulos created institutions such as ‘Quality Islands’ for the recognition of volunteerism, the ‘Citizens’ Movement’ for the active engagement of citizens, and the program ‘FAOS – Creating a mentality for a lifetime’ for the prevention of accidents at work and in schools. He was also a founding member of ALBA Graduate Business School, of the ‘Greek-Turkish Cooperation Council’, and of the ‘Citizens’ Movement for an Open Society.’