17th Annual Global CEO Survey



of CEOs in Greece believe that the Greek economy will improve within the next three years
A focus on Greece

The CEOs in Greece have positive views on the future of the Greek economy, both in short and long term. And compared to the past years, their concerns about the government’s response to fiscal deficit and debt burden have been diminished.

In Greece, 48 CEOs from top companies in several sectors participated in the survey conducted in the last quarter of 2013.
The results of the survey are comparative with the past three years.

Key findings

Confidence in the future of their business
65% of CEOs in Greece are confident about their companies’ prospects for revenue growth in the next 12 months. This percentage has increased by 30% compared to 2010 when the survey has been conducted in Greece for the first time.  
65% of CEOs in Greece are confident about their companies’ prospects

Positive about the future of the Greek economy
The majority of the CEOs in Greece anticipate that the economy will gradually recover over the next three years, while almost one out of two believes that it will remain the same in the next 12 months.
68% of CEOs believe that the Greek economy will improve over the next 3 years

Need for a modern state that supports growth
The improvement of the Greek economy numbers is not enough by itself. The market needs a modern government that supports growth and creates a flexible business environment that attracts foreign investment
The government’s priority should be the creation of an internationally competitive tax system

Human Capital redundancies come to an end
While 53% of CEOs had stated in 2012 that they expected their companies' number of employees to fall, in 2013 the corresponding percentage decreased to 20%, while one third of CEOs believe that their headcount will increase.
35% of CEO’s say that their headcount will increase in the next 12 months

For a complete copy of the Greek report, please contact:
Vivian Tsamadou.

Quotes from CEOs

Alexandros Tourkolias

CEO, National Bank of Greece
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I believe I have the obligation to weight my every action so that it contributes to the general economic recovery and has a positive impact to all activities affected either directly or indirectly by the decisions and requirements of the sector in which I operate.
Andreas Andredis

President, Greek Tourism Confederation
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If the country remains politically stable and focuses on its main goals, it is certain that we will once again witness a record year in Greek tourism.
Angeliki Frangou

CEO, Navios Maritime Holdings
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The Greek-owned maritime fleet is one of the largest in the world, with over 3,000 vessels accounting for 18% of the world's fleet capacity. We believe there is a good argument that shipping’s importance to Greece ranks with the importance of tourism, which contributes 15% to the nation's Gross Domestic Product and employs about 660,000 people.
Stavros Lekkanos

CEO, Piraeus Bank
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The fundamental prerequisite for Greece to recover from the current crisis and, most importantly, to reclaim its rapid dynamism and maintain growth is political stability and a stable economic environment. Greece will then be able to regain trust internationally and confidence in the prospects of the Greek economy will be restored.

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