Even fewer en­ter­prises set up in 2016

Kathimerini English - - Focus -

Last year saw a new low in the cre­ation of new en­ter­prises in Greece, con­firm­ing the im­pres­sion that go­ing into busi­ness in this coun­try is nei­ther easy nor a way out of un­em­ploy­ment. Com­pany ex­its from com­mer­cial reg­is­ters were par­tic­u­larly high last year, while the first data for 2017 are far from op­ti­mistic.

Ac­cord­ing to data from the Gen­eral Com­mer­cial Reg­is­ter for 2016 (the first full year of cap­i­tal con­trols), just 28,669 en­ter­prises were set up, even fewer than in the po­lit­i­cally and fi­nan­cially tur­bu­lent 2015.

An­other mis­er­able as­pect of last year was that it had the big­gest deficit in reg­is­ter en­trants and ex­its in a 12-month pe­riod: With 35,274 com­pa­nies leav­ing the com­mer­cial reg­is­ter, the deficit of the year amounted to 6,604 com­pa­nies.

Fi­nance Min­istry sources at­tribute this phe­nom­e­non to the write­off of many en­ter­prises that had been in­ac­tive for years. In 2016 ex­its from the reg­is­ter re­turned to the level seen up to 2014, as in 2015 there was an un­usu­ally small num­ber (28,230).

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