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According to an opinion poll conducted by the Division of Documentation and Studies of the Federation of Northern Industries of Greece (SBBE), seven entrepreneurs from the manufacturing industry in Macedonia, Thrace and Epirus, are convinced that Greece will emerge from the economic crisis of 2025 in a sample of 300 processing companies between 6 November and 21 December 2017.
According to the survey, which should be presented in detail at the next SBSE summit in Thessaloniki on November 15 and 16 in Thessaloniki, at an equal rate (70%), manufacturing companies in the Northeast say that during the crisis "negatively" or "very negatively" on their functioning, sales, profitability, liquidity and access to bank financing.
They are "mainly" in exports, operating costs and innovation
However, during the difficult period of the financial crisis, the sample companies did not remain "hands crossed", but rushed to take action to deal with the negative effects of the difficult situation. In turn, their strategic choices were: export growth, reduced operating costs, development of innovation, improved production efficiency, and new product development. Indeed, these strategic choices are being followed by more than seven out of ten manufacturing companies based in northern Greece, which are also convinced that 70% of them believe that over the next 12 months they will will have to increase their exports, continue to reduce their operating costs and accelerate the development of innovation and new products.
They expect a deterioration of relations between the state and companies
In the meantime, sample companies are not very optimistic for the future, since one in two (50%) believes that the sector's outlook will be worse at the same time. the future (35% of the transformation-specific figure) and nearly six in ten (59%) believe that relations between the state and companies will deteriorate. In addition, one-third of companies (33%) believe that there will be a reduction in liquidity. However, eight in ten (79%) say they are not downsizing, more than 50% expect sales growth and production volume, and four in ten expect net profit growth. .
When asked if they felt that the policies in place to support the development of manufacturing activity in northern Greece and across the country, 55% responded "at all" and 33% "at a minimum", which probably explains why 95% of entrepreneurs say they have a new industrial policy is necessary (93% of respondents say that there is no clear industrial policy in the country to support manufacturing).
The 300 companies surveyed in the framework of the study "The Greek manufacturing industry in 2020: main aggregates, industrial concentrations and necessary adjustments of industrial policy" come from the four regions of the North-East Arc: Central Macedonia, Macedonia, Eastern Macedonia-Thrace and Epirus. Of these, 114 are located in the industrial zone. 39% of the companies in the total sample have a volume of up to 1 million, 22% from one to three million, 13% from three to five million, 4% from five to ten and 22% more EUR 10 million
It is recalled that the Thessaloniki summit will be held for the second consecutive year under the auspices of the President of the Republic, Prokopis Pavlopoulos, in the presence of Prime Minister Alexis Tsipras, leader of the main opposition, Kyriakos Mitsotakis, and more than 60 speakers . The theme of this year's conference is on the industrial development and trade prospects of the Western Balkan countries, which should become the next wave of EU enlargement.
Source: Athens News Agency
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