Federation of Industries of Greece (SBE): Industry will be more “cyclical” in the coming years

“The utilization of national and European funding can make Greek industry more ‘cyclical’ and contribute to changing the production model of the Greek economy”, emphasized the president of the Federation of Greek Industries, Loukia Sarantis, during her intervention today at the 1st Forum Circular Economy FORWARD GREEN organized by TIF – HELEXPO (June 8 to 10, 2023).

During a discussion on investments in the “circular economy” sector in Greece, Ms. Saranti highlighted the “gap” in investments in the “circular economy” sector in our country. According to official data, investments in sectors that fall under the scope of the “circular economy” amount to just 0.02% of GDP in Greece, while the average in the European Union is 0.12%. In this context, he precisely underlined the important development prospects for the industry from the adoption of the principles of the circular economy in the coming years.

Cyclical economy actions

Ms. Sarantis then stated that the industry has realized the significant prospects and the opportunity to gain a significant competitive advantage from the adoption of the principles of the “cyclical economy“. For this reason, many companies – mainly large ones – have included relevant adaptation actions in their business strategy, so that they become more circular”. Such actions are: the development of synergies with other companies, the education and training of personnel, the adoption of “good practices” from other companies and the implementation of investments in equipment.

Finally, Ms. Sarantis suggested the need to promote the benefits for businesses and society from the adoption of the principles of the circular economy, with the aim of changing everyone’s attitude to the new data and for the fastest possible implementation of investments in the “circular” sector economy..