Greek Prime Minister Kyriakos Mitsotakis has called on businesses to ensure that their growth translates into higher wages and improved working conditions for employees.
Addressing the general assembly of the Hellenic Federation of Enterprises (SEV) at the Athens Concert Hall, Mitsotakis noted Greece’s substantial economic recovery, saying that the country in 2024 is vastly different from its state in 2019.
“Our economy has emerged from intensive care and is now recording some of the highest growth rates in Europe,” Mitsotakis said, emphasising that Greece has achieved significant debt reduction and regained an investment-grade rating after 14 years. He highlighted record-breaking tourism figures and noted that the value of exports of goods and services is nearing 50% of Greece’s GDP, underscoring the role of industry and manufacturing in driving economic transformation.
Mitsotakis pointed to key milestones, including the creation of nearly 500,000 jobs, a drop in unemployment to single digits, and wage increases that often outpace inflation. He attributed this progress to a series of reforms designed to attract investment and enhance economic stability, creating what he described as a favourable climate for business growth.
The Prime Minister urged businesses to reinvest their profits, particularly in upgrading facilities, advancing research, and promoting innovation. He stressed that corporate growth should directly benefit employees, reinforcing that “profits should not only be saved or distributed as dividends.” Instead, Mitsotakis called for reinvestment that will modernise Greece’s industries and improve the quality of life for the nation’s workforce.
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