The 2025 Greek Economic Summit (GES 2025) brought together leaders from across the fields of business, policy, and academia to examine Greece’s position in an increasingly complex global environment and to explore the forces and choices that will shape the country’s economic trajectory in the time ahead.
Building on the engaging dialogue at GES 2025, this issue’s Thought Leaders section features a selection of articles that reflect the informed opinions and forward-looking perspectives of executives and stakeholders actively contributing to Greece’s economic and business ecosystem. Collectively, they offer insight into the challenges, opportunities, and strategic priorities that will define Greece’s path toward sustainable growth, competitiveness, and resilience.

Beyond Detection: Imagining the Next Day of Education
By Yianna Andronopoulou, General Manager, Microsoft Greece, Cyprus, and Malta
For years, the debate around AI in education has been dominated by control. When generative tools entered the classroom, the conversation quickly narrowed to detection, restrictions, and how to prevent students from cheating. For a time, detection software offered comfort: a way to preserve familiar habits without rethinking the system itself.
That comfort has faded. In a world where text can be drafted, translated, expanded, or rewritten in seconds, independent authorship has become fluid. Policing it at scale does not reinforce integrity; it undermines trust. The real risk is not mass misconduct, but an education system stuck in a defensive posture, unable to reimagine its purpose.
The more important question is no longer how to defend yesterday’s methods, but how boldly we can design tomorrow’s learning
The more important question is no longer how to defend yesterday’s methods, but how boldly we can design tomorrow’s learning. Used thoughtfully, AI does not diminish human capability—it amplifies it. It dramatically lowers the cost of personalized feedback. It allows students to ask questions without fear, revisit concepts at their own pace, and engage in their own language or learning style. For educators, it can support lesson design, differentiation, assessment, and reduce administrative burden—not as a replacement for teaching, but as leverage for it.
This shift demands a new educational contract. One where understanding is demonstrated through application, problemsolving, creation, and dialogue, not inferred from polished prose alone. One where responsible AI use is explicitly taught as a core skill. And one where access to intelligent guidance is treated as a foundation, not a privilege.
The danger is not that AI provides answers. It is that education fails to teach students how to question them. The conversation we need now is not whether AI belongs in education, but how courageously we reshape learning to match the world students are already entering.

Unlocking Greece’s Potential: A Roadmap for Healthcare Innovation
By Labrina Barmpetaki, President of the BoD and CEO, AbbVie Greece, Cyprus, and Malta; First Vice President and Chair of the Pharmaceutical Companies Committee, AmChamGR; President, Pharma Innovation Forum
Healthcare innovation is not only a strategic health priority but also a strategic driver of resilience, productivity, and Europe’s competitiveness. If Greece wants to align with the government’s ambition for a more strategically sovereign Europe, it must position itself as a credible destination for investment in healthcare innovation, including clinical research.
The 21 member companies of AmCham Greece’s Pharmaceutical Companies Committee collectively represent approximately 80% of global biopharmaceutical R&D. We are ready to increase investment and deepen partnerships in Greece. To do so, we need a policy environment that supports longterm decisions and rewards value.
Progress will not come from intent alone, but from practical reforms
Yet the current financing model remains a major constraint. The automatic clawback mechanism, introduced as an exceptional measure, has gradually become structural. Its scale and unpredictability make sustainable planning difficult and weaken Greece’s attractiveness as an investment destination. Predictability is not a privilege; it is a minimum condition for any responsible commitment.
Clinical research highlights both Greece’s strengths and what is still missing. The country has highly capable researchers and strong infrastructure, yet it continues to underperform as a clinical trial destination. Progress will not come from intent alone, but from practical reforms: the introduction of clear incentives, efficient and consistent procedures, and most importantly, a reliable pathway from evidence to patient access. No pharmaceutical company will expand clinical trials where proven therapies face uncertainty in reaching patients.
Greece now has an opportunity to strengthen its health technology assessment (HTA) and access framework through value-based decisionmaking, outcomes, and real-world evidence. In parallel, digital health capabilities, e-prescription, interoperable records, and real-world data can support smarter policy and more effective agreements.
A multi-year roadmap built on transparency, shared accountability, and investment confidence is essential in order to unlock healthcare innovation for patients and the economy.

Navigating Complexity in a Changing World
By George Margonis, Chairman & Managing Director of Papastratos, leading Greece, Cyprus, and Malta
In an era marked by uncertainty, rapid transformation, and geopolitical realignments, manufacturing has proven to be a pillar of stability, providing the resilient foundations needed for sustainable development and longterm prosperity. Our country’s recent experience is strong proof of what the manufacturing sector and its people can offer to the economy and society, even under multiple, consecutive crises.
Greece has emerged from a decade of economic turbulence, followed by the Covid-19 crisis, stronger and more competitive. We all learned how to adapt, to innovate, and to become more resilient. In a world of growing uncertainty, Greece has become a beacon of stability, attracting investment, generating growth, and improving the everyday lives of its people.
In a world of growing uncertainty, Greece has become a beacon of stability
Yet, the economic and political landscape is once again in relative flux, while the AI revolution is promising to lead—if not already leading—a global economic and social transformation. The great artificial intelligence revolution might have empowered us with new capabilities, but real progress derives its meaning from the people it serves. Technology alone does not create prosperity, and that is why continued investment in human capabilities remains essential.
How are we as corporations and as leaders supposed to stand against these new challenges? How can we continue creating shared value in a world that changes so rapidly? Still, within this complexity lie profound opportunities for countries and companies willing to adapt, invest, and lead with clarity and purpose. At Papastratos, with experience deriving from our 95 years of operations, we see human capital as the decisive differentiator in this new era.
In a world driven by technology and artificial intelligence, it is, still, human potential and human intelligence that ultimately define success. Technology, including the transformative rise of artificial intelligence, expands our capabilities, but people give those capabilities meaning. The future of work will reward—and require—continuous learning, adaptability, and a culture that empowers individuals to grow. For companies and institutions alike, cultivating skills and trust is not simply an internal priority; it is a national economic and social imperative.

Sustainable Investment as a Catalyst for Greece’s Next Growth Cycle
By Apostolos Mourgos, Chairman, Texan
The discussions at the 2025 Greek Economic Summit underscored a fundamental shift in Greece’s growth narrative: Investment, innovation, and sustainability can no longer be pursued as parallel goals. They must function as a single integrated strategy, one that strengthens longterm economic resilience while delivering tangible social value.
Over the past decade, Greek businesses have operated amid successive financial, geopolitical, and public-health crises. This prolonged period of uncertainty has fostered adaptability, discipline, and strategic maturity across the private sector. Crucially, it has also revealed that crises can serve as catalysts for transformation—provided there is a clear vision and effective collaboration between private enterprises and public institutions.
Today, Greece is increasingly viewed as a credible and attractive investment destination, supported by political stability, an improving institutional framework, competitive taxation, and a highly skilled talent base.
Economic progress cannot endure without social cohesion
Sustainability, particularly within the circular economy, must be treated not as an abstract aspiration but as a measurable outcome. At Texan, our experience demonstrates how the combination of advanced international technologies with strong local expertise can generate innovation that addresses Greece’s structural realities, including energy autonomy, seasonality, and geographic dispersion. Greek engineers consistently translate global knowhow into locally designed, scalable solutions with growing export potential.
Equally vital is the social dimension of sustainable growth. Economic progress cannot endure without social cohesion. Businesses must contribute through stable, high-quality employment and meaningful corporate social responsibility initiatives. In this spirit, Texan has launched a one million euro CSR program focused on the environment, society, health, and local communities, recognizing that reinvesting in society reinforces the foundations of longterm economic performance.
As emphasized at GES 2025, the private sector has a decisive role in shaping a more diversified, resilient, and forward-looking productive model for Greece—one where growth is sustainable, inclusive, and futureproof.

Infrastructure at a Turning Point for Greece’s Longterm Growth
By Emmanouil (Manos) Moustakas, General Manager of Business Development and Executive BoD Member, GEK Terna Group
Infrastructure constitutes a pillar of longterm economic growth and a catalyst for modern productive activity, high quality living conditions, and social wellbeing. Today, however, it faces a critical turning point. Urban population saturation, climate change, the green transition, and the rapid adoption of artificial intelligence and digital technologies are fundamentally reshaping people’s expectations of energy, transport, and water systems. As international studies demonstrate, the link between infrastructure and social progress is direct: The higher the quality, adequacy, and breadth of a country’s infrastructure, the higher its Human Development Index score, which reflects overall societal wellbeing.
The higher the quality, adequacy, and breadth of a country’s infrastructure, the higher its overall societal wellbeing
Greece’s prolonged economic crisis led to a contraction of its gross domestic product (GDP) by 25%. Following the Covid-19 pandemic, growth rates have averaged 2.5%. Of decisive importance for the economy’s trajectory in the coming years is not only the development strategy to be adopted after the end of the Recovery and Resilience Facility (RRF) at the end of 2026, but also the extent to which the country’s substantial investment needs are met.
It is estimated that over the next decade, investments of around €29 billion—approximately 12% of GDP—will be required for non-energy infrastructure alone, such as road and rail networks and ports, with the objective of creating an integrated and interconnected logistics and supply chain system.
With the investment gap visible and steadily widening, the GEK Terna Group has never ceased—even during the most challenging years—to undertake investments of high added value and strong social impact. Safeguarding critical state functions, improving citizens’ everyday lives, and strengthening the resilience of the economy and the country are integral components of our investment program.

Greece at the Heart of Europe’s Evolving Energy Landscape
By Kostis Sifnaios, Vice President and Managing Director, Gastrade
Over the past decade, energy has shifted from a stable component of economic activity to a critical variable shaping policy choices, investment decisions, and geopolitical positioning across Europe. Recent global developments, with emphasis on the Russian invasion of Ukraine, have made it clear that secure and diversified energy supply is now synonymous with geopolitical independence and cannot be taken for granted.
Secure and diversified energy supply is now synonymous with geopolitical independence
Within this evolving landscape, Greece is emerging as a key energy player, extending its reach beyond national boundaries. Its geographic location, combined with political stability and consistent strategic investment in modern energy infrastructure and cross-border interconnections, allows the country to strengthen energy supply diversification for Southeast and Central Europe. Projects of strategic importance, such as the Alexandroupolis LNG Terminal, play a decisive role in reshaping the energy balance of the wider region, providing reliable and competitive alternative gas supply routes and reducing regional dependence on traditional energy sources. The terminal actively contributes to the European Union’s objectives, reinforcing regional energy security, accelerating Europe’s transition away from Russian gas, and supporting broader economic stability.
At the same time, Europe’s commitment to the energy transition remains unequivocal. Achieving climate objectives, however, requires a pragmatic and balanced approach. Flexible energy systems, resilient infrastructure, and transitional solutions will continue to be essential in ensuring adequacy and reliability throughout the transition toward lower-carbon energy sources. Security of supply and decarbonisation must advance in parallel, reinforcing rather than undermining one another.
For Greece, the key challenge lies in maintaining strategic coherence. A stable regulatory framework, alignment with European policy priorities and the mobilization of private investment are critical to sustaining momentum. When supported by institutional credibility and longterm planning, the energy sector can serve as a catalyst for growth, innovation, and regional cooperation.
In an era of heightened uncertainty, energy policy is no longer a sectoral issue but a defining component of economic strategy. Greece has the opportunity to strengthen its position as a reliable partner and a source of stability, contributing to a more resilient and interconnected European energy architecture.

The Importance of an Upgraded Industrial Strategy for Greece
By Michael Stassinopoulos, Chairman of the Board, Viohalco; Chairman of the Board, ElvalHalcor; and President of the Board, Hellenic Production – Industry Roundtable for Growth
We are witnessing radical shifts in the global geopolitical and geoeconomic environment marked by increased competition among major powers, supply chain disruptions, and heightened insecurity, in parallel with the expected disruptive effects of artificial intelligence. These changes have put pressure on the Greek as well as the broader EU economy, underscoring the importance of technological advancement and industrial strength in ensuring economic stability, growth, and social cohesion.
To achieve sustainable development and economic resilience, industrial investments have to be seen as a matter of absolute priority
While Greece has achieved fiscal stability, a significant reduction in unemployment to pre-crisis levels, and rising exports, the country still lags significantly behind in industrial growth and competitiveness compared to European averages. Key challenges include low per capita GDP, a manufacturing industry that remains below the EU average, and limited new industrial investments. Greece’s labor productivity remains the lowest among all EU countries, highlighting the need for a stronger and more dynamic industrial ecosystem. The manufacturing industry is the pre-eminent economic activity of high productivity and the highest growth multipliers.
To achieve sustainable development and economic resilience in today’s highly unstable and unpredictable global environment, industrial investments have to be seen as a matter of absolute priority. This is a broader EU priority reflected in the European Commission’s Clean Industrial Deal initiative, which strongly suggests to the EU member states to put all necessary tools and incentives in place to secure Europe’s industrial future. Among the highly recommended measures to support industrial investments figure accelerated depreciation schemes—in place in almost all EU countries, but still not in Greece.

Macro Outlook and Top Trends for 2026
By Chris Tomsovic, Managing Director, Global Lead – Macro Foresight Strategy, Accenture
The global economy proved surprisingly resilient in 2025, even though global growth remained fragile and uneven amid policy uncertainty, geopolitics, and trade tensions.
In 2026, companies should expect a continuation of modest and uneven growth, and a business environment that feels more defined than in 2025 but no less challenging. Clearer policy settings and trade regimes will reduce uncertainty at the margin. However, the emerging global order they codify will produce sharper divergences, stronger competitive pressures, and potentially greater vulnerability to financial stress and geopolitical shocks, especially if prominent drivers of growth in 2025, such as AI investment, lose steam.
In this framework, these are the 10 Macro Trends that will shape the business environment in 2026:
- Two-speed growth dynamics become more entrenched across economies and sectors;
- Tariff uncertainty shifts from “how high” to “how durable and broad” the impacts will be;
- Financial stability is tested by higher rates, fiscal overhangs, and shadow leverage;
- Affordability pressures squeeze the middle class and further bifurcate the consumer base;
- Growing AI diffusion widens productivity gaps between regions and firms;
- China doubles down on export-driven growth and higher-tech manufacturing;
- Europe’s competitiveness erodes further as it struggles with economic security pivot;
- Tech sovereignty challenges take center stage as US-China AI competition intensifies;
- Energy systems face mounting strain from AI power demand; and
- Reshoring and energy security imperatives create geostrategic investment hotspots.
In 2026, the business environment will feel more defined but no less challenging
What should business leaders do to respond to this environment? We recommend executive teams focus on five key actions as they navigate 2026, namely: assessing their business strategy; accelerating their journeys in AI; keeping a laser eye to growth; strengthening enterprise resilience capabilities; and enhancing foresight and scenario planning.

Greece’s New Development Path: The Importance of Balancing Infrastructure, Innovation, and Skills
By Antonis Tsiboukis, Managing Director, Cisco Greece, Cyprus, Malta, and the Balkans
Greece is entering a phase in which its economic direction is shaped by the strategic choices it makes around infrastructure, skills, and trust, at a time when its geopolitical position in energy routes, digital connectivity, and regional stability is becoming a defining advantage. This shift places the country at the intersection of energy security, digital transformation, and regional resilience. In this environment, the conversation about competitiveness naturally converges on the interdependence between artificial intelligence, energy systems, and data centers, which together form the operational backbone of modern economies.
Economies build resilience through ecosystems in which technology, institutions, and people evolve together with confidence
What becomes equally clear, however, is that none of this can function in isolation from people, because advanced infrastructure delivers value only when it is supported by a workforce that is continuously developing the skills required to operate in complex and highly digital environments. This is why vocational training, reskilling, and upskilling move to the center of the development agenda, as strategic levers that connect innovation with everyday capability across sectors such as energy, logistics, and critical services.
At Cisco, our long-standing focus on secure connectivity, large scale skills development, responsible adoption of AI, and the trust architecture of modern networks reflects a broader understanding of how economies build resilience, namely through ecosystems in which technology, institutions, and people evolve together with confidence. For Greece, the opportunity lies in translating its growing geopolitical relevance into a coherent development path that brings together energy leadership, digital infrastructure, and human capital in a way that is credible, sustainable, and future-ready.






