Ten-year opening record new business for the first five months of the year is fixed in this year, which, in fact, in combination with a small number of deductions compared to other years, results in the fact that this year, always at the level of five months, the largest positive balance of registration/deletion in at least the last ten years. However, barring a dramatic economic or geopolitical development, this positive trend is expected to continue until the end of 2023. Of course, most new businesses are individual businesses, as are most closures.

Yes, according to his database General Commercial Register (GEMI), between January and May 2023, the number of new business recommendations was 23,839 compared to 21,486 in the corresponding period of 2022, an increase of 10.95%. It is worth noting that these are the highest figures for the period 2014-2023, while already in 2021 the number of new business recommendations exceeded the figures for the first five months of 2019, the last year before the “invasion” of the coronavirus. us.

In the five months from January to May, 23,839 businesses were opened and 5,553 closed.

The exclusion of companies from GEMI happened in reverse order, as in the five months from January to May 2023 their number decreased to 5,553 from 6,257 in the corresponding period of 2022 – a decrease of 11.25%. In fact, this is the second lowest number of deletions in a decade, with the lowest number recorded in the five months of 2021 (4487), which of course is also due to the provisions that were in place for the non-closure of businesses as a condition for being included in the various support measures that were implemented in connection with the quarantine. It is noted that the following situations in which the company finds itself are considered exceptions: bankruptcy, suspension (DOE), decision – liquidation, liquidation, conciliation process, removal, removal due to merger, forced administration, removal due to separation.

A significant increase in registrations, combined with a decrease in deletions, leads to the formation – at least for now – of the largest positive balance of registrations / deletions, when new enterprises exceed the “castles” by 18,286.

Of course, the majority of businesses being set up are individual, mostly freelancers and self-employed, which is also due to the fact that many in Greece choose this option because they cannot find another job or feel that the salary from the worker’s work is not satisfactory, or because that they are looking for an additional source of income. Of the 23,839 new businesses, 8,737 are sole proprietorships, and in the same five-month period, 1,926 sole proprietorships ceased operations. The second most popular legal form is IKE (private equity company), which is preferred by shareholders to a limited liability company (LLC), as well as freelancers instead of the famous “bloc”. In the first five months of 2023, 6,496 ICUs were established and 1,049 ICUs ceased operations during the same period. Finally, the number of new joint-stock companies that began operations in the first five months of 2023 was important – there were 660 of them.