16th Annual Global CEO Survey

62%

of Greek CEOs are confident about their company's prospects for revenue growth

A focus on Greece

Greek CEOs say growth in the private sector can only be achieved by collaboration with the State. They are more confident about growth than in previous years, but request State collaboration to fight unemployment in the private sector. Tax issues and inability to finance growth remain their main concerns.

In Greece, 45 CEOs from top companies in several sectors participated in the survey conducted in the last quarter of 2012.
The results of the survey are comparative with the past two years.

Key findings

Confidence in revenue growth
A large number of CEOs in Greece are looking more positively to the immediate future. For the first time in two years, they are more confident about their companies' prospects for revenue growth.

62% of Greek CEOs are confident about revenue growth

Concerns for the global economy
Greek CEOs are growing more concerned about the course of the global economy. More so than participants from the Eurozone and globally.

only 2% of Greek CEOs believe the global economy may improve in the next 12 months

Challenges
Almost all Greek CEOs polled are concerned about the uncertain or volatile economic growth, the Government's inability to handle fiscal deficit and the national debt, the inability to finance growth and the lack of stability in capital markets.

96% of Greek CEOs are concerned about the uncertain or volatile economic growth

Collaboration with the State
CEOs in Greece believe growth can be achieved by collaboration between the Private and the Public sector. It is important that the State does more to attract foreign investments and to reduce unemployment in the private sector.

76% of Greek CEOs believe the Government can do more to attract foreign investments

For a complete copy of the Greek report, please contact:
Michelle Karaolides, +30 210 6874028 or email.

Interview quotes from CEOs

Dr. John Coustas

President and CEO, Danaos Corp.

As far as the global economy is concerned, the threat is the start of economic stagnation, which, in turn, could encourage protectionism across the various economic blocks. The solution to stagnation is not protectionism. Instead, the solution lies in structural changes that will unlock productivity and growth potential.

Michael Tsamaz

Chairman and CEO, Hellenic Telecommunications Organisation (OTE)

While thrusting Greece into the unknown, the crisis also presents the country with the opportunity to reinvent itself. Reinvention requires change. At this critical point, it’s up to all of us to work hard and focus our efforts to this common end.