Galery

1

Expensive energy
 
The case of "Viohalko", among other things, is putting the cost of electricity for businesses in Greece back on the agenda. Recently, representatives of the Greek association of industrial electricity consumers (i.e. the largest consumers of electricity) have called for help. The price of medium voltage electricity has increased by 45% since 2005 and the Public Power Corporation has recently proposed a reduction of 5% and of up to 10% in some cases. The cost per kilowatt-hour of high voltage electricity is 70 euro whereas in Germany, for example, it is 49 euro and 42 euro in France.

Taxation

The unstable tax framework is a factor which is not only repelling new investments but is also challenging the existing companies. The fact that the tax policy can be changed many times in one year is making it impossible for the companies to draw up any plans. In combination with the high tax rates and the high special taxes, the system is hindering the entire economy.

Price of exports

Although exports are a powerful factor in economic recovery, the current legislative framework is making it extremely difficult and expensive.

By comparison, the average price of exports in the European Union member states is $ 1,009 per container whereas it is 10 % more expensive in Greece and amounts to $ 1,115 per container.