Pages

Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Tuesday, June 12, 2018

What's fuelling Athens' burgeoning startup scene?

A growing number of tech entrepreneurs are breathing new life into the Greek capital On the surface, Athens doesn’t seem like the best place to start a business. Since the country’s financial crisis almost a decade ago, about one in five small businesses have folded and unemployment levels still hover around 20%. However, the local startup scene is enjoying some surprising successes, fuelled by a talented and ambitious young workforce who have found themselves unable to rely on traditional employment routes. These include recruitment software company Workable, which has raised more than €29m (£25.5m) in local and international funding, and ride-hailing app Taxibeat, which was sold to automotive company Daimler for an undisclosed amount last year. Related: Greece relaxes capital controls to prove worst of turmoil is over Related: Who’d be young and Greek? Searching for a future after the debt crisis 75% of Greek company founders are residents of other countries Related: 'Tourism is our lifejacket': debt-stricken Greece gets record number of visitors Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com