
“The utilization of national and European funding can make Greek industry more ‘cyclical’ and contribute to changing the production model of the Greek economy”, emphasized the president of the Federation of Greek Industries, Loukia Sarantis, during her intervention today at the 1st Forum Circular Economy FORWARD GREEN organized by TIF – HELEXPO (June 8 to 10, 2023).
During a discussion on investments in the “circular economy” sector in Greece, Ms. Saranti highlighted the “gap” in investments in the “circular economy” sector in our country. According to official data, investments in sectors that fall under the scope of the “circular economy” amount to just 0.02% of GDP in Greece, while the average in the European Union is 0.12%. In this context, he precisely underlined the important development prospects for the industry from the adoption of the principles of the circular economy in the coming years.
Cyclical economy actions
Ms. Sarantis then stated that the industry has realized the significant prospects and the opportunity to gain a significant competitive advantage from the adoption of the principles of the “cyclical economy“. For this reason, many companies – mainly large ones – have included relevant adaptation actions in their business strategy, so that they become more circular”. Such actions are: the development of synergies with other companies, the education and training of personnel, the adoption of “good practices” from other companies and the implementation of investments in equipment.
Finally, Ms. Sarantis suggested the need to promote the benefits for businesses and society from the adoption of the principles of the circular economy, with the aim of changing everyone’s attitude to the new data and for the fastest possible implementation of investments in the “circular” sector economy..


Latest News

Greece’s New Government Members Sworn in at Presidential Mansion
Greece's new government members were sworn in on Saturday morning and head straight to work through the first meeting of the new cabinet.

Moody’s Upgrades Greece to Investment Grade, Ending Crisis Era
The rating agency raised Greece’s long-term credit rating to Baa3 from Ba1, with a stable outlook.

EFET on World Consumer Day: Humanity Faces New Challenges
This year’s message emphasizes the need for a transition to sustainable lifestyles while safeguarding consumers’ legally recognized rights. This means ensuring access to essential goods such as food and energy, as well as health and safety.

Athens Hotels Lead Europe in Value Growth for Third Year
Over the entire period from 2015 to 2024, the average annual increase in hotel value was 6.1%.

Unemployment Rate in Greece Down 8.9% in January: IOBE
The unemployment rate in Greece recorded a further decline in January 2025, reaching 8.9%, according to the latest Foundation for Economic & Industrial Research (IOBE) report.

Demand for Short Term Rentals in Greece Surges Ahead of Easter
Among the most popular Easter destinations from Good Friday to Easter Monday are Corfu, Hydra, the Peloponnese, Ioannina, Patmos, Loutra Edipsou, Kavala, Thassos, and Pelion

Opposition Reacts Strongly to Greek Government Reshuffle
PASOK's spokesperson, Kostas Tsoukalas, characterized the reshuffle as a clear indication of Mitsotakis' "strategic deadlock."

Greece’s Economy Awaits Moody’s Verdict on Investment-Grade Rating
The stock market has reflected strong performance, with the general index showing resilience and a lack of inward-looking caution.

Greek PM Reshuffles Cabinet after No-Confidence Vote
The most notable changes in the Greek cabinet reshuffle include Kostis Hatzidakis being appointed Deputy Prime Minister and Kyriakos Pierrakakis taking over as Minister of National Economy and Finance.

Mitsotakis: Greece-Israel Strategic Ties Increase Stability in East Med
Greek Prime Minister Kyriakos Mitsotakis made the statement in welcoming Israeli Foreign Minister Gideon Sa'ar to his office on Thursday