Business mentality stuck in the past

New businesses opening up in Greece continue to be focused on catering and entertainment rather than the sectors of manufacturing or technology. According to a report by Endeavor Greece published in Kathimerini on February 2, after eight years of recession, the Greeks that can still invest are putting their money into new cafes, bars and souvlaki joints, while factories are closing. The report also stressed that, based on data for January-November 2016, the vast majority (84 percent) of new businesses are catering to the domestic market and have no export orientation.

Is this the result of a lack of imagination, laziness, inertia, the attraction of a quick solution and a job, a sense of hopelessness or a combination of these? The fact is that what we call investment in Greece - a term that covers a wide range of activities - follows a model that can be described as anything...