17 July 2018

SEV partners with EY in a plan to boost SMEs

19 July 17 - RE+D Magazine
SEV partners with EY in a plan to boost SMEs



Consultant - GREECE

Solum Property Solutions

Consultant - GREECE

IBI Group

Consultant - GREECE


Public entity - GREECE


Antulio Richetta

Director IBI Group
The Federation of Hellenic Enterprises and Industries (SEV), with Ernst & Young's technical support, has decided to take the initiative to meet the needs of organized and dynamic small and medium-sized enterprises by producing structured and specialized policy proposals aimed at boosting their development and extroversion.


In the framework of a SMEs forum SEV will work with EY both to identify the most important problems of SMEs and to identify the best solutions for strengthening their growth prospects.

According to an announcement, the first of the series of studies will be diagnostic and will address key problems of the SME sector, such as the fragmentation of the Greek market, the dominance of micro-enterprises, low productivity and the difficulty of accessing finance.

At the same time, business growth requires changes and interventions in corporate governance, finance, skills, innovation, technology content of products and services, added value and business partnerships and partnerships.

The escalation achieved through growth will help absorb individual problems and allow for economies of scale, thus creating the conditions for Greek SMEs to compete in the international environment.

This effort requires an integrated development plan with measurable objectives and interventions against the problems associated with business operations such as over-taxation, access to finance, bureaucracy and regulatory compliance costs for SMEs.

The Executive Vice President of the Federation Mr. Konstantinos Bitsios said: "The understanding of the challenges faced by SMEs and the promotion of entrepreneurial characteristics that contribute to success even in a crisis is critical precondition for the development of an effective development plan, which will make SMEs more competitive and more ready to engage in wider production networks and value chains ".

Tassos Iosifidis, Head of the Financial Advisory Department of the Hellenic Republic, said: "In EY, we work daily on consultative projects involving a large number of SMEs and we know well their battle for modernization and reorientation.

This cooperation with SEV, whose members are 70% of SMEs, will allow us to explore and understand more deeply the challenges and opportunities they face. Our ultimate joint goal is to help address both the inherent weaknesses of SMEs and the challenges that affect the wider context of the economy and hamper their development. "

A detailed presentation of the study findings will be made in September and will be the first of a series of interventions, followed by a SEV Conference on Small and Medium Enterprises on 21-22 November.


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