Its development industrial sector, and especially of processingis a key catalyst for boosting productivity and the sustainable growth of the entire economy. This is noted in its Reform Observatory Bulletin LAUGH entitled “Reforms for Industry”.

It is recalled that the Reforms Observatory of the Center for Planning and Economic Research (KEPE) aims to monitor developments in key sectors and pillars of the reform policy, as they are determined based on the respective reform programs of the country. As part of its work, the Observatory periodically publishes an Information Bulletin, which aims to contribute to informing public opinion about the course of key dimensions of the reform project. The latest issue of the Bulletin, published today, focuses on the reforms for the development of Greek industry.

As mentioned, according to the literature on the economic role of industry, the industrial sector is recognized as a fundamental driver of output growth, as it is documented to contribute to the creation of economies of scale, the diffusion of technology and the promotion of positive interactions between economic activities. At the same time, the main benefits of industrial development include the creation of new jobs throughout the economy, the strengthening of economic extroversion, the promotion of the green transition and the shielding of economies against disruptions.

In the case of Greece, industrial development acquires a particularly great importance, as together with its multifaceted, catalytic role in economic growth, it also becomes a key component of the effort for a deeper, structural transformation of the country’s productive base. Planning for the transition to a more efficient and sustainable production model for Greece includes a substantial strengthening of the manufacturing industry’s contribution to production, employment and exports, and therefore the systematic improvement of these key performance indicators by the end of the decade is the central objective of the National Industrial Strategy. To achieve this goal, a series of reforms and structural interventions are being promoted that can contribute to improving the adaptability of the industrial sector to new opportunities and contribute to addressing the growing challenges related to factors such as the rapid development of technology, high energy costs, the general volatility of production costs, labor shortages capacity and skills, geopolitical tensions and global trade disputes.