In a year marked by historic levels of global uncertainty, Greek small
In a year marked by historic levels of global uncertainty, Greek small and medium-sized enterprises (SMEs) have managed to keep their footing.
That is the central finding of the latest Survey of Greek SMEs and Confidence Index released by the Economic Analysis Division of the National Bank of Greece. The report examines how smaller businesses, which are the vast majority of Greek companies— have navigated escalating international risks, including the impact of tariffs introduced under the second Trump administration.
Greek SME Confidence Holds Firm
According to the survey, the overall business climate for Greek SMEs remained stable in the second half of 2025.
The SME Confidence Index edged up slightly to 17 points from 16 in the first half of the year, maintaining a significant distance above its historical average of the past decade. At the same time, 58% of businesses reported a growth-oriented strategy, up from 54% earlier in the year.
This resilience is notable given the broader global backdrop. In September 2025, the World Uncertainty Index surged to levels as much as 600% above its long-term average. Yet Greek SMEs continued to express positive expectations — a trend aligned with the improving Global Economic Climate Index over the
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