Our View: New Industry

From cargo ships to microchips, Greek industry is forging ahead. The Greek government has been pursuing a national strategy to boost the country’s industrial base. And the first results are starting to show.

After decades of neglect, Greece’s three major shipyards have resumed operations. Defense manufacturers are gearing up production. Makers of marine equipment and supplies are growing their exports to world markets. Meanwhile, new industrial prospects are emerging: in metal works and mining, or in the manufacturing of semiconductors.

Underpinning this is Greece’s growing role as a center for innovation. This month, as part of our special Synergassia Program, we at Enterprise Greece had the privilege of hosting 15 foreign diplomats on a two-day visit to Thessaloniki. It was an opportunity to see first-hand how Central Macedonia, one of Greece’s industrial heartlands, is also becoming a regional hub for research and development.

A new industrial order is taking hold in Europe, one shaped by de-risking and reshoring amid an uncertain geopolitical climate. The new paradigm will help ensure our collective security, while contributing to economic growth.

Greek manufacturers, marrying knowhow with technology, are ready to play a role.