Business File Archive2021-08-27T12:21:51+03:00

Business File Archive

“Zorba is Dead! Long live the European Union”. A fanciful headline for a hopeful future.

The October 1997 issue of Industrial Review celebrates Greece’s membership in the European Union.   A comprehensive survey presents the life changing impact of EU membership on the social and economic structure of Greece: - in agriculture. Peasants have become jobbing farmers with new wealth and social status - in manufacturing. Many casualties were reported among smaller companies, unable to adjust to the new standards. But those which managed to adapt found themselves part of a single market of 300 [...]

March 9th, 2022|Business File Archive|

It used to be an agricultural country

In June 1997, the 24th issue of Industrial Review was out, dedicated to Greek Agriculture with an extensive survey of the “Greek Agroindustries”.       As the editorial notes, in 1997 “the Greek economy depends more on agriculture than any other country of the European Union. Yet the sector is fragmented and inefficient with landholdings a quarter of the community average and output less than half…. Agriculture contributed 7.5% towards gross domestic product, compared to a European average of [...]

January 3rd, 2022|Business File Archive|

Looking for the Balance

The 23rd issue of Industrial Review, in March 1997, deals with the “chronic problem” of Greece’s trade deficit. In its editorial we read:   “The merchandise trade deficit is partly offset by exports of invisibles- earnings from tourism, shipping and remittances from emigrants- but these are cyclical and prey to exogenous factors.”   With the exception of “remittances from emigrants” the rest sound worryingly contemporary.   Worryingly contemporary sounds, also, the following conclusion:   “Greek farmers, industrialists and members of [...]

October 25th, 2021|Business File Archive|

Greek manufacturing: Did it ever stand a chance?

The October 1996 issue of Industrial Review is dedicated to Greek manufacturing. Under the title “From smokestack to software”, the issue hosts a detailed survey on the many challenges Greek manufacturing was facing in the wake of the new world economic order of the 1980’s and 1990’s. • George Alogoskoufis, then professor of the Athens Economic University and later minister of Finances (2004-2009) writes about the lack of competitiveness and the policies of nationalization of ailing companies. • Antonis Krontiras, [...]

September 6th, 2021|Business File Archive|

25 years ago, “Evolution- Revolution” of the banking sector

The cover is titled “Evolution- Revolution” depicting the fundamental changes in the way banks operated in Greece.   From a development and business oriented modus operandi, banks start looking at consumers and “making money out of money” as the issue notes.   The issue hosts interviews of the most prominent figures of the sector at the time:   then Governor of the Bank of Greece, Lukas Papadimos the late chairman of Alpha Credit Bank, Yannis Costopoulos the late Theodore Karatzas, [...]

June 28th, 2021|Business File Archive|

29 years ago

The May 1992 issue of Viomichaniki Epitheorisi is dedicated to one of Greece’s timeless struggles: how to attract foreign investment. A special survey by Robert McDonald looked into the main obstacles (bureaucracy, price controls, market size, poor infrastructure). The issue includes articles on investments made by multinationals like Siemens, Pirelli, Unilever.   It also presents iconic cases like the Aluminium de Grèce (at that point under French control) , C. Itoh, Dow Chemicals Hellas, Hellas Can.   To download the  [...]

May 3rd, 2021|Business File Archive|

29 years ago

Viomichaniki Epitheorisi’s second issue, in March 1992, is concerned by the energy dependence of Greece. Back then, the main worry was the energy intensity- the rate of energy consumption relative to GDP and its rapidly rising trend. The problem was exacerbated by the fact that Greeks loved their cars and did not much use public transportation. The Prinos oil field, 8 km off-shore the coast of the Thassos island had been in operation for less than a year and its [...]

February 26th, 2021|Business File Archive|

29 years ago

Viomichaniki Epitheorisi makes its official  debut, in December 1991,  with an exclusive interview of then Minister of Finance, Yannis Paleokrassas. The subject? The revolution planned in the banking sector. Y. Paleokrassas declares that it is time for commercial banks "to operate on their own" as he prepares to introduce a new banking act.   Interestingly enough we read that "the Bank of Greece is working on a deposit guarantee scheme, as Greece is the only member of the European Community [...]

December 28th, 2020|Business File Archive|
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