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EBEA presents proposals to help in the recovery of the Greek economy

11. November 2010. | 10:51

Source: ANA

The head of the Athens Chamber of Commerce and Industry, Constantinos Mihalos, on Wednesday urged the government to accept the chamber's proposals aimed at helping in the recovery of the economy and boosting business activity in the country.

The head of the Athens Chamber of Commerce and Industry, Constantinos Mihalos, on Wednesday urged the government to accept the chamber's proposals aimed at helping in the recovery of the economy and boosting business activity in the country.

Speaking to reporters, Mihalos said the need for accepting these 10 proposals was more significant now ahead of a revision of the country's fiscal deficit and public debt.

Mihalos said a revision of the country's statistics to the worse has been discounted, while he noted that Greece offered huge counter-incentives to attracting new enterprises.

A recent survey by EBEA showed that almost nine out of 10 enterprises thought that the current tax policy was burdening their financial performance, while more than eight in 10 faced a decline in turnover, two in 10 were examining plans to relocate in foreign countries and one in two was examining the termination of their operations if financial performance did not improve within next year.

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