Almost half of businesses (48.4%) estimate that they will fare better in the next 12 months, 33.3% of businesses believe that there will be no noticeable difference, while only 11.3% of businesses believe that their course will be worse.

This is the result of research carried out by Athens Chamber of Commerce and Industry in the context of investigating the trends taking shape in the market in a sample of 795 member companies. The research was conducted during the period March 2-13, 2023, through telephone interviews as well as by completing an electronic questionnaire.

It also emerges that 40.9% of businesses managed to cope with the successive conditions of instability created by the multiple crises since 2009, while 36.5% indicated that they would hardly cope with a new crisis. Additionally, 13.2% of businesses responded that they were not particularly affected, while 6.3% said they experienced a growth period.

Regarding turnover, over the past year, 42.1% of respondents said it had increased, 32.1% of businesses reported that turnover remained unchanged, and only 23.3% of businesses reported decreased turnover. In the vast majority of businesses, the change in turnover ranges in percentages up to 25%. It is particularly positive that among the companies that increased their turnover, there are companies (3%) that recorded an increase of over 75%.

When asked about the course of the economy over the next twelve months, 35.8% of businesses answered that it will do better, 24.5% of businesses believe that it will remain stable, while only 23.3% believe that the economy will fare worse.

For the results of the investigation, the President of EBEA, Sofia Kounenaki Efraimogloustated:

“Businesses have a leading role in the good progress of the Greek economy. Through successive crises, they have managed not only to survive, but also to significantly strengthen their resilience and competitiveness. The optimism recorded by the EBEA survey regarding the prospects of the economy, but also of the businesses themselves, is typical of climate change.

But we are not complacent. We insist on promoting investments, business initiatives, reforms and projects, which allow the country to produce products and services with higher added value and international competitiveness. It is up to us to preserve the progress that has been made and to meet new challenges, setting the bar even higher. The Athens Chamber of Commerce and Industry – representing the businesses with the largest contribution to the country’s GDP – will continue to serve this effort, consistently and effectively.”