Decline in new business registrations in Q1 2025
Decline in new business registrations in Q1 2025
  Economy  |  Greece  |  Data

Decline in new business registrations in Q1 2025

What is the current state of the construction and manufacturing sectors.
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RE+D magazine
29.05.2025

New business registrations (commencements of business operations) across all sectors of the economy totaled 36,909 in Q1 2025, showing a decrease of 5.7% compared to Q1 2024, when they stood at 39,128, and an increase of 6.1% compared to Q4 2024, when they amounted to 34,784.

Business bankruptcies across all economic sectors in Q1 2025 amounted to 71, showing an increase of 14.5% compared to Q1 2024, when bankruptcies stood at 62.

For the economic activity sectors with the greatest contribution to total turnover, according to data from the 2022 Statistical Business Register, an increase in the number of new business registrations in Q1 2025 compared to Q1 2024 was recorded in the sectors of "Transportation and Storage" (15.7%) and "Electricity, Gas, Steam, and Air Conditioning Supply" (2.7%), while the largest decrease was observed in the sectors of "Construction" (25.2%) and "Manufacturing" (18.4%).

Economic Activity Sectors by Major Geographical Region of Greece, Q1 2025

The economic activity sectors with the highest number of new business registrations by major geographical region of Greece are:

  • Northern Greece: "Agriculture, Forestry, and Fishing," with 1,331 registrations out of a total of 8,447.
  • Central Greece: "Agriculture, Forestry, and Fishing," with 2,313 registrations out of 8,106.
  • Attica: "Professional, Scientific, and Technical Activities," with 2,606 registrations out of 14,932.
  • Aegean Islands – Crete: "Agriculture, Forestry, and Fishing," with 1,371 registrations out of 5,424.

Economic Activity Sectors by Legal Form of Business, Q1 2025

The economic activity sectors with the highest number of new business registrations by legal form of business are:

  • Sole Proprietorships: "Agriculture, Forestry, and Fishing," with 5,734 registrations out of 23,619.
  • Partnerships: "Accommodation and Food Service Activities," with 1,897 registrations out of 7,724.
  • Corporations: "Real Estate Activities," with 130 registrations out of 439.
  • Other Legal Forms: "Real Estate Activities," with 935 registrations out of 5,127.