The number of new set-up companies in Greece totaled 43,846 in 2015, while business closures amounted to 24,846 in the same year, while in the first half of 2016, new set ups totaled 20,345 and closures reached 16,994, Economy ministry said on Monday.
In a report, based the records of a General Commerce Register, the ministry said these numbers dismissed criticism by politicians and economic circles who were systematically trying to distort the real picture of the Greek economy and in particular Greek enterprises.
The report showed that in 2015, new legal entity companies totaled 13,200, while in the first half of 2016 totaled 6,519. Individual companies set ups totaled 30,646 in 2015 and 13,826 in the first six months of 2016. Business closures (legal entities) totaled 7,856 in 2015 and 4,353 in the first half 2016, while individual companies closures totaled 16,900 in 2015 and 12,641 in 2016.
The ministry noted that the country’s image after reaching an agreement with the country’s creditors was significantly improved, as a rapid absorption and exploitation of community funds, a stabilizing banking system, investment interest, improving revenue and lower state spending, along a series of government initiatives to combat tax evasion, illegal trade an smuggling, were creating a safe investment environment and growth prospects.
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