War puts pressure on factories and ferries

Almost 60% of industries study a alteration successful request and cancellations of orders due to the fact that of the struggle successful the Middle East, while coastal shipping companies are besides under large unit owed to the skyrocketing costs.

Price increases are a indispensable enactment for 1 successful two exporting companies successful the manufacturing assemblage if the situation continues, which is expected to impact prices successful the home marketplace arsenic well. 

The effects, however, are already visible, arsenic astir three successful each 5 concern companies state they are facing a alteration successful request oregon adjacent cancellation of orders, while the corresponding percent is adjacent higher successful the agri-food sector. 

Despite the measures announced regarding vigor costs, companies are besides asking for further support for transport costs, arsenic well arsenic for entering caller markets.

According to a survey conducted by the Northern Greece Exporters Association (SEVE), 57.7% of businesses successful the concern assemblage state that they person faced a alteration successful request oregon bid cancellations, with the impacts being assessed chiefly arsenic small (35.3%) and mean strength (32.4%), while 26.5% qualify them arsenic significant.

Pressure is besides being exerted connected coastal shipping, arsenic according to the Association of Passenger Shipping Companies (SEEN), the further outgo to Greek coastal shipping companies so acold from the surge successful marine substance prices pursuing the outbreak of the war successful the Persian Gulf was pegged astatine €36 million.

Despite the fluctuations of caller days, which person de-escalated prices from the highs of weeks ago, the main marine substance of Greek coastal shipping, Marine Gas Oil (MGO), continues to determination astatine levels much than treble those astatine the extremity of 2025.

The authorities is considering caller support measures to debar increases successful summons prices successful view of the summertime season. To debar immoderate ample hikes, SEEN and the ministries of Shipping and Finance are expected to person different gathering successful the coming days to determine however to grip the issue. One script that seems apt is that of straight subsidizing substance pursuing the caller European decisions.