Greek Federation of Enterprises Urges for New Investment Policy Mix

The government and the institutions must negotiate a new mixture of investment-friendly policy, during the third review of the Greek programme, aimed at reducing unemployment in a sustainable and not temporary way, the Federation of Hellenic Enterprises (SEV) stressed in its weekly bulletin.

SEV analysts noted that the unemployment rate has fallen by 3.4 percentage points in the period from Q2 2015-Q2 2017, to 21.1% from 23.6%, or 163,500 totaling 1,016,600 unemployed people.

Employment has risen by 165,900 in the same period, while new job positions have been created in the private sector since 2013 due to a reduction in minimum wage, implementation of flexible labour forms and a big increase in tourism.

Commenting on a recent report by the World Economic Forum on global competitiveness, SEV underlined that it recorded the macro-economic stabilization of progress in fields such as labour relations and infrastructure.

But the report also showed access to funding remains extremely difficult for the private sector, as well as a weakening of a series of institutional indexes, such as the impact of taxation, that keep pushing away talent and quality investments from the country.