Clear signs of recovery in the small and medium business sector in Greece have been detected by the National Bank of Greece in its latest SME survey, which is based on a sample of about 1,000 firms. The survey reveals two main forces at work lately in the sector: (i) The business climate is constantly improving, as reflected in the rise of NBG's Business Confidence Index for SMEs (up by 20 points in the past 12 months); (ii) Against a backdrop of difficult conditions - both cyclical and structural - SMEs are managing to innovate, mainly as a healthy way out of the crisis. In particular, the share of innovative SMEs has now reached 30 per cent of the SME segment compared with 20 per cent before 2008, and accordingly innovative products or services now account for 11 per cent of SME turnover from 7 per cent prior 2008.
All my iHub posts are just my opinion. It is not a recommendation to buy or sell a stock. Due to possible human error, I can not guarantee the accuracy of the posted information. Do your own Due Diligence before investing.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.