2022 is defined, as an investment, as another productive year, with German companies strengthening their capital presence in Greece, but also the jobs they support.
This emerges from the conclusions of the Autumn AHK World Business Outlook conducted, in November, by the Central Association of German Chambers of Commerce and Industry (DIHK), with the Hellenic-German Chamber of Commerce and Industry assisting in the research by gathering relevant material from Greece.
As noted in a statement of the Chamber, “positive in increasing their investment activity in Greece appear 6 out of 10 German companies with a presence in the country, emphasizing that the dominant element for the selection of suppliers is their reliability.
Regarding Greece, 7 out of 10 German companies with a presence in the country are optimistic about the course of their financial growth, 5 out of 10 intend to hire new associates, while most of them are worried about the prices of commodities, energy costs and demand developments.
More specifically, the main conclusions of the research are as follows:
– 52% of companies stated that their financial position is better this year and 42% that it is moving at stable levels.
– 73% of companies are optimistic about the general development of their sizes and 50% of companies are optimistic about the course of the economy.
– 61% of companies stated that they expect an increase in their investments in Greece and 35% estimated that they will maintain a stable investment position.
– 46% of companies predicted that they would increase jobs and 52% that they would keep them stable.
– Commodity prices (50%), energy costs (44.2%), economic policy context (40.4%), demand developments (36.5%) and labor market skills shortages (28.8%) are, for the respondents, the five main risks for the economic development of Greek companies.
– Travel restrictions (64.7%), supply chain problems (49%), cancellation of trade fairs (39.2%), postponements of investment projects (39.2%) and reduced demand for goods and services (27.5%) are, for research participants, the biggest impact of the pandemic on the market.
– 50% of respondents stated that they have not made any adjustments to the supply chain, 36.5% sought new or additional suppliers, while 15.4% made changes or shortcuts to delivery routes.
– 84.2% of respondents named reliability as the most important factor in selecting new suppliers, 68.4% product quality, 63.2% price-performance ratio and 36.8% geographical location of the supplier.
The general manager and member of the Board of the Hellenic-German Chamber, Dr. Commenting on the findings of the research, Athanasios Kelemis said: “2022 is defined, in terms of investment, as another productive year, with German companies strengthening their capital presence in Greece, but also the jobs they support. The gradual return of the market to “normality” creates conditions for improving the expectations, which are already recorded in the DIHK survey, but especially in Greece, which maintains the “vote of confidence” of German investors ”
“From the data of the research it becomes clear that in 2022 all the companies that systematically invest in their reliability and in the quality of their products will have a leading role, having at the same time formed the best possible value for money”, Mr. Kelemis pointed out.
SOURCE: AMPE
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Source From: Capital
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