National Bank of Greece: Digital transition could generate up to 23 billion in a decade

The benefits of Greece’s integer transition could scope arsenic overmuch arsenic 23 cardinal euros implicit the adjacent decade, according to an investigation by the National Bank of Greece.

The bank’s semiannual study connected concern trends focuses connected the integer spread separating the Greek system from its European peers and the imaginable gains from closing this gap. The caller Financial Stability Report by the Bank of Greece was peculiarly worrying, arsenic it noted that ICT investments declined by 8.6% successful 2025.

According to the National Bank’s economists, the ICT sector’s stock successful the gross value added of the concern assemblage accrued from 2.9% twenty-five years agone to 6.5% today. However, akin momentum was recorded crossed respective European economies, resulting successful the EU mean rising from 5.1% to 10.6%.

The analysts noted that ICT investments person a wide interaction crossed the system by enhancing labour productivity. Under the blimpish script examined successful the study — successful which ICT concern momentum remains unchanged, leaving Greece’s spread with the European mean fixed astatine 30% — labour productivity could summation by 30% implicit the adjacent decade, adding 12 cardinal euros to the Greek economy.

Under the much ambitious scenario, integer investments accelerated by 40%, aiming for convergence with the EU mean by 2035. In such a case, labour productivity could emergence by astir 50%, adding 23 cardinal euros to the Greek economy.

The National Bank analysts stressed that the foundations for the country’s integer transition person already been laid done initiatives such as myDATA and Greece 2.0, which are chiefly funded done nationalist resources.

As a adjacent step, they argued, digitalization indispensable go an casual and cost-effective prime for small and medium-sized enterprises. To this end, they projected the instauration of a unified integer level integrating the Independent Authority for Public Revenue, e-EFKA, General Commercial Registry, the Hellenic Cadastre and banks, with the purpose of simplifying procedures and reducing costs. They besides recommended leveraging e-invoicing arsenic a operator for λογισμικό adoption done pre-approved, low-cost solutions, alongside the instauration of targeted concern incentives.