We have fully entered the heart of summer, and although this is traditionally a season of vacations and rest, developments—both domestic and international—continue to unfold rapidly, demanding our attention.
In international affairs, there is the ongoing issue of trade negotiations between the United States and the European Union, with the potential imposition of tariffs by either side presenting a significant economic concern. The volume of transatlantic trade and the magnitude of financial transactions between the two regions are such that any disruption would have serious consequences on both sides of the Atlantic.
The American-Hellenic Chamber of Commerce, in full alignment with our fellow American-European Chambers, firmly opposes the imposition of tariffs. We advocate for an open, honest, and good-faith negotiation process aimed at reaching a mutually beneficial agreement that will strengthen transatlantic trade and economic cooperation. The stakes are high, and they demand realism, responsibility, and a willingness to work together and find mutual compromises to resolve issues. I remain hopeful that even at the last moment, both parties will reach an agreement. After all, far more unites than divides us.
In domestic matters, the Greek economy continues to show encouraging growth, yet challenges remain in sectors such as tourism, real estate, construction, and energy that are particularly sensitive to global geopolitical and economic developments. Meanwhile, society is feeling the pressure of persistently high inflation compared to other EU countries, the rising cost of living, and an escalating housing crisis—issues that are further compounded by recurring incidents of corruption, illegal transactions, and mismanagement of public funds, which undermine public trust. Immediate and effective solutions are urgently needed, along with substantial improvements in governance. Safeguarding social cohesion is more essential than ever in our current era.
I would also like to refer to the recent AmCham Greece election. The process was impeccably organized and conducted with absolute transparency, honoring the integrity of our Chamber. The newly elected Board of Directors is ready to move forward with renewed vision and strategic planning. Remaining true to our mission and values, we continue to serve the business community with responsibility and dedication and uphold the Chamber’s proud legacy. On this path, the new Board, all our members, and our dedicated staff will work together to meet the expectations placed upon us. Our goal remains clear: to promote extroversion, innovation, and collaboration while supporting Greek entrepreneurship, strengthening bilateral and international economic relations, and contributing positively to society.
Wishing you all a beautiful, relaxing, and refreshing summer filled with health and positive energy.
