Thursday December 18, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Great margin for growth in exports

 While sentiment constantly improves, local enterprises say they face obstacles to becoming more extrovert

Competitiveness in small and medium-sized enterprises needs to become stronger, the National Bank of Greece argued in its biannual report on SMEs on Monday, though it also confirmed the steady improvement of business sentiment in the country.

“Demand expectations are positive for the first time since the start of the crisis but liquidity remains a hampering factor,” the report said.

Business sentiment continued to improve in the first half of 2014, reverting to positive territory for the first time since the start of the crisis, posting a 37-point rise from the first half of 2012.

“The improvement in sentiment was greater among the bigger enterprises in our sample, as the majority of smaller SMEs is still at the survival stage. Cash flow remains a huge problem as suppliers are asking for faster payments,” the NBG report added.

Despite drastic cuts to labor costs by about 50 percent in many sectors over the last five years, exports have failed to blossom in the way many had anticipated. While in 2008 the exports of SMEs amounted to 8 percent of their turnover, in 2013 this posted minimum growth to 9 percent. One in seven companies (15 percent) actually reduced sales abroad and just one in three companies increased exports. In total, just 40 percent of companies have an outward-looking character, with only 7 percent owing the majority of their sales volume to exports.

According to the report, 16 percent of SMEs that do not import anything today would certainly explore the option on the condition that obstacles raised by bureaucracy were lifted, gaps in transport infrastructures were covered and some incentives were given.

“There is a greater margin for the acceleration of the recovery of the corporate sector, as exporting has not yet managed to operate as a dynamic pillar of recovery,” said the report.

Among the specific obstacles cited by responding entrepreneurs were the problematic operation of customs offices, the insufficient access to export financing, and conditions in forwarding networks and transport infrastructures.

The main advantages of Greek products are their quality and the considerable experience of corporate officials, the report added.

ekathimerini.com , Monday Jul 28, 2014 (21:08)  
German finmin says Greece in better shape than expected
What SYRIZA says about Greece’s economy, its debt and the euro
Unemployment drops to 25.5 pct in Q3
Eurozone bond yields fall as ´patient´ Fed pleases investors
Snap elections would lead to euro exit, says former premier
Former prime minister and New Democracy honorary president Constantinos Mitsotakis on Thursday issued a statement urging local parties to find some common ground and avoid leading the countr...
Merkel says Russia sanctions to remain unless Putin yields; Greece´s prospects ´better than two years ago´
German Chancellor Angela Merkel said economic sanctions imposed on Russia remain “unavoidable” as long as President Vladimir Putin doesn’t yield on Ukraine. Merkel defended Ukraine’s right t...
Inside News
BASKETBALL
Pappas helps Greens overcome Aris
An impressive Nikos Pappas averted an upset by Aris and ensured Panathinaikos retained its perfect record on Tuesday, one day after Olympiakos thrashed Panionios at Nea Smyrni for the Basket...
´Wee Jay´ and idol Georgios Samaras receive Greek sports journalists´ award at Athens gala
A 10-year-old Irish fan of Greek striker Georgios Samaras was in Athens on Monday at the invitation of the Greek Sports Journalists' Association, which honored outstanding achievements in sp...
Inside Sports
COMMENTARY
Europe´s drama in Greece needs final act to avoid tragedy
Judging from Wednesday's vote in the Greek parliament, Prime Minister Antonis Samaras may not get the mandate he wants to keep economic austerity measures in place and avoid defaulting on th...
COMMENTARY
A pointless battle
The public closely watched the first act in the three-part drama of Parliament’s election of a new president yesterday. The result was below the expectations of the New Democracy-PASOK coali...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. German finmin says Greece in better shape than expected
2. What SYRIZA says about Greece’s economy, its debt and the euro
3. Unemployment drops to 25.5 pct in Q3
4. Snap elections would lead to euro exit, says former premier
5. Merkel says Russia sanctions to remain unless Putin yields; Greece´s prospects ´better than two years ago´
6. Kammenos maintains firm position, says general election is ´one-way street´
more news
Today
This Week
1. Election looms as Samaras fails to win vote for president
2. Europe's drama in Greece needs final act to avoid tragedy
3. Kammenos maintains firm position, says general election is 'one-way street'
4. Eurozone bond yields fall as 'patient' Fed pleases investors
5. Merkel says Russia sanctions to remain unless Putin yields; Greece's prospects 'better than two years ago'
6. What SYRIZA says about Greece’s economy, its debt and the euro
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. East Europe scrambles for energy after Putin kills South Stream
6. Anarchist Nikos Romanos ends hunger strike
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.