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Business optimism very low in Greece

When a Greek American owns a business in Greece, many different things can impact how good a given year proves to be for their company. One is how well the legal issues that arise for the company as the year goes on are handled. Lots of different legal issues can come up in connection to operating a business in Greece. What ends up happening with such issues can have all kinds of major ramifications for a business owner. So, when addressing legal issues that have come up in relation to the operation of their company, Greek Americans that own businesses in Greece may want quality legal guidance and advice.

Another thing that can impact how a given year goes for a business in Greece is the overall business climate in Greece that year. A recent survey indicates that business owners in Greece aren’t too optimistic about what this climate will be like in 2017.

The survey was of entrepreneurs from 37 different countries. Overall, around 2,600 individuals were surveyed. The survey looked into optimism levels among entrepreneurs in 2016’s fourth quarter.

The entrepreneurs of most of the countries indicated a fair amount of business optimism. The survey results point to the overall entrepreneur optimism level, globally, being around 38 percent.

However, the survey indicated that entrepreneurs from Greece were a major exception to the trend of relatively high business optimism. The optimism level among the surveyed Greek entrepreneurs was negative, coming in at -56 percent. So, it appears Greek entrepreneurs are fairly pessimistic on the business climate in Greece.

One wonders what particular conditions and concerns are the main drivers of this pessimism. One also wonders what the business climate in Greece will ultimately prove to be like in 2017 and what this will end up meaning for Greek Americans with ownership interests in Greek companies.

Source: Greek Reporter, “Businesses Worldwide See 2017 With Optimism, But Not in Greece,” Philip Chrysopoulos, Jan. 25, 2017

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Hahalis & Kounoupis, P.C. - Greek Law Group
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