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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