Greek Economy Surges with Record New Business Growth in 2024

10:54 4/1/2025 - Πηγή: iEfimerida

Greece's economy has shown remarkable resilience and growth in 2024, with a record number of new businesses launched, according to Prime Minister Kyriakos Mitsotakis.

In a social media post, Mitsotakis highlighted the significant increase in entrepreneurial activity, with 64,262 new businesses registered – an 11% rise compared to 2023 and a 50% surge compared to 2020.

This surge in new businesses is a clear indicator of Greece's economic recovery and renewed confidence in the market.

Mr.Mitsotakis emphasized that for every business closure, typically due to retirement or restructuring, three new businesses are being created. Furthermore, the overall business closure rate has decreased by 11% compared to the previous year.

Sectors such as retail, wholesale, tourism, hospitality, and technical professions are experiencing particularly strong growth. Mitsotakis also highlighted the significant contribution of the industrial and manufacturing sectors to the Greek economy in 2024.

The Prime Minister attributed this positive trend to the government's efforts in creating a stable and business-friendly environment, as well as the entrepreneurial spirit and innovation of Greek businesses.

Looking ahead to 2025, Mr. Mitsotakis expressed optimism and pledged to further enhance the business and investment climate in Greece.

This includes continued investment in infrastructure, reducing bureaucracy, and creating fertile ground for new ideas and businesses to thrive.

The government's focus on supporting entrepreneurship and economic development is expected to drive further growth and solidify Greece's position as an attractive destination for investment and innovation.

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