greek business culture

Greece consists of a large mainland; the Peloponnese, a peninsula which is connected to the southern tip of the mainland by the Isthmus of Corinth; and many islands. Can you do business in Greece? A large network of buses is also available and taxis are used quite frequently, as they are affordable with a minimum charge. Business structures are traditional and generally hierarchical. Younger managers are often fluent in English, but the older generation may not know English at all; therefore, it is advised to ask if an interpreter will be needed. Acknowledge and appreciate their passion, but do not let this lead you to believe that they will base decisions on emotion alone. Hellenic News of . The customs of Greece. Greece: Centre for Intercultural Learning. Recent Developments in Dividends Payment: Tax Optimization and Additional Questions, Portugal: A Country of Contradictions and Balances, The Japanese Institute of Certified Public Accountants. There can be snowfall in some parts of Greece during the winter months but this is mostly limited to the mountainous regions of the mainland. Greeces culture shapes its business practice, with strong links to family and personal ties, meaning it can be time-consuming to establish successful relationships. Share your European work/study experiences. You may find that as the meeting progresses, they will become more willing to compromise and negotiation becomes smoother and more effective. VSN hub - Ancient Greek Culture in Business & Tourism | 346 followers on LinkedIn. As with any other country, one of the key considerations when doing business in Greece is to get a thorough understanding of the business culture you are likely to encounter when you arrive. Everything revolves around the family. Greeks are very proud of their culture and history. Also, travelling to certain islands, mountainous regions and villages may be difficult during the winter months. Moreover, ask them similar questions in return they generally appreciate it when their colleagues show interest in their personal lives. Beginning with the definition of Greek Culture, Greek culture encompasses the language and customs, as well as literature and art, religion, and other aspects that make up what we know today as Greek way of life. This World Business Culture profile is designed as an introduction to business culture in Greece only and a more detailed understanding needs a more in-depth exploration which we can provide through our training and consultancy services. Compulsory education in Greece lasts ten years beginning from nursery school until Gymnasio (middle or junior high school). World Business Culture, West Down, Chalk Hill, Soberton, Hampshire SO32 3PH, Legal Notices Greek Business Etiquette and Protocol. phone call). Essentials of Business Culture online courses, Comprehensive guides on doing business in 40+ countries, Tailored development pathway with a personalised learning journey, In-depth courses on key international destinations, Working in and Leading Virtual Teams online courses, Keith Warburton 2022, All rights reserved Macedonia International Airport in Thessaloniki serves the region of Central Macedonia and is the second most important airport in the country. Being a family-oriented culture, the Greek business community is characterized by small, family-owned companies. Global Business culture is a leading training provider in the fields of cross-cultural communication and global virtual team working. Business Tips for Greek Living. Making contact Greeks prefer personal contact. Some important issues to consider when communicating with Greeks are: Greeks are verbal and oratory. These roads have reduced the driving time while making driving much safer. In general, Greeks stand close to each other when speaking, about an arms length. Get a downloadable, printable version that you can read later. The remaining national economic output comes from the industry sector the second (12.0%) and the agricultural sector (3.0%). They are open to discussions and enjoy having conversations on cultural and historical topics, but tend to have strong beliefs on issues pertaining to religion and politics; therefore it would be a good idea to not bring up these topics. Therefore, follow up on anything agreed upon in writing with verbal communication (e.g. They like having discussions on cultural and historical topics. Did you know about business culture in Greece? Being a family-oriented culture, the Greek business community is characterized by small, family-owned companies. This World Business Culture profile is designed as an introduction to business culture in Greece only and a more detailed understanding needs a more in-depth exploration which we can provide through our training and consultancy services. Pre-school education is provided in nursery schools as a preparatory stage, which contributes to the integration of children in the primary school system. Australians tend to adopt a matey character early on in their relationships, but this moment comes later (particularly in business) for Greeks after the proper foundations of friendship have been made. First impressions are important. And a radio station that connects the two should be fresh, intelligent, and fun, just like its listeners. Third-party introductions are helpful as Greeks prefer to work with those whom they know and trust. Business culture guides are available in 9 languages: - English, German, French, Bulgarian, Czech, Finnish, Greek, Italian and Romanian. Furthermore, an inconsistent and non-business-friendly taxation system and fruitless attempts at reform by an ineffective bureaucracy could further impede those doing business in Greece. Consider that Greeks invest much time and effort into their relationships. Most undergraduate courses last for 4 years, except for the polytechnics and some technical and art schools where courses last 5 years and medical schools where they last 6 years. We provide training to global corporations in live classroom-based formats, through webinars and also through our cultural awareness digital learning hub, Global Business Compass. The Centre for Intercultural Learning (offered by Foreign Affairs, Trade, and Development Canada) offers resources related to developing and refining the intercultural skills vital to a successful international experience. Business culture in Greece is characterized by: business communication, business etiquette, business meeting etiquette, internship and student placements, cost of living, work-life-balance and social media guide. With recovery on the horizon, now could be the time to invest in business here. So, touching when conversing, between men and men or women and men, is rather common and should not be misinterpreted. Greeces main airport is Eleftherios Venizelos, which is situated on the outskirts Athens, the countrys capital. Greeks like to exchange gifts for Christmas, birthdays, and name days. Well, please think twice when visiting Greece (or any foreign culture to be honest). There are times when these discussions can become emotional and intense, depending on the topic. The document includes information on: Background to business Business Structures Management style Meetings Teamwork Communication Women in business Entertaining Top tips Author The national railway system (OSE) had been neglected, but is undergoing renovation and increasing numbers of people are using it as an alternative way of travelling within the country. Greek people are very expressive in their use of body language to convey messages. "Greek culture" probably developed before anyone wrote about it, and the surviving artifacts are more often from the later centuries of Greek culture than from its first development. Doing business in this central location offers a gateway to Asia, Africa and Europe. However, delays cannot be avoided at certain times, due to traffic conditions and other circumstances. More than 40 activities & 16 Olympic Sports Navarino Challenge, Greece's top sports tourism celebration with the best wellness program, will celebrate its 10th anniversary. Greek Culture: Aspects of the culture in Greece Below we propose inspiring cultural activities and provide information on the main aspects of the Greek culture today; regional traditions, religion, music, language, food and wine, and on many more. We use cookies to ensure that we give you the best experience on our website. Avoid appearing stiff and impersonal in contrast to their expressive personalities. Greeks generally take a lot of pride in their hosting skills. There is a minimum requirement of four years of study at university level in order to get a Bachelors Degree, which is a prerequisite for entrance to Masters and Doctorate Degree programmes. Despite its membership of the European Union, Greece remains a traditional culture and business structures reflect age-old concepts of hierarchy and the importance of relationship networks. Greeks, as a culture, are extremely family-orientated. Website by Pivotal Marketing, According to the general rule, a Russian company which pays , Portugal: a country full of energy that welcomes both citizens , Since 2016, the Mexican government has been working in the . Men and women shake hands when meeting one another and maintain direct eye contact. Greeks prefer personal contact. Greece is in the Eastern European Time Zone and adheres to EET (UTC +2) during the winter and EEST (UTC +3) for daylight saving time during the summer months. Greece is a country that holds a rich history comprising different categories of historical eras such as Greek Bronze Age, Classical period, Roman . Greeks enjoy socializing with friends and business associates. Dinners are a form of entertainment, which take several hours and are usually followed by drinks. Being a family-oriented culture, the Greek business community is characterized by small, family-owned companies. As Greek culture revolves around eating and drinking, business is often conducted over coffee or lunch. The current state of the economy is mainly the result of the European sovereign debt crisis and only through implementing severe austerity measures and benefiting from two multi-billion Euro rescue packages has the economy begun to stabilize. Cultivating a rapport often happens in social settings and meals over a long period of time. Greeks sometimes need time to size up scenarios and adjust their expectations accordingly. The largest industries are energy, food processing, agriculture, retail and tourism, with over 20 million tourists each year. Greece is a developed country with an open economy that has a heavy reliance on the service sector at 85%. The tradition of hospitality traces back to ancient times when people believed a guest on a doorstep . Apart from these, there are 13 regions and 325 municipalities. They can conduct very animated business meetings. It is a new and modern airport with the most advanced security equipment that provides direct connections to most countries of the world and is served by most major airline carriers. A sample of 2,540 CEOs/Managing Directors from the largest Greek enterprises provided their opinions in the period September 13-October 1. Expats will find that understanding local customs and values goes a long way toward understanding business culture, too. The intercity buses (KTEL) are very popular for domestic travel. Everyone is seen to be related to everyone else, and so celebrations such as weddings and baptisms can result in a guest list of over 1,000 people! Recent Developments in Dividends Payment: Tax Optimization and Additional Questions, Portugal: A Country of Contradictions and Balances, The Japanese Institute of Certified Public Accountants. Our mission is to help clients work cross-border more effectively in an increasingly complex global environment. There is no formal ritual when it comes to exchanging business cards in Greece, although it is a good idea to have one side translated into Greek and present the business card with this side facing up. Personal relationships play a large role in Greek business culture. The Greek Educational System is under state supervision. The greatest philosophers and mathematicians lived during these eras. Making the right impression with the right people is the key to success in Greece, and it is important to back this up with the right research on the market and potential business associates. Allow social conversation to pass before mentioning business, and expect that this may take longer than anticipated. Compared with the fourth quarter of 2019, Greece's business environment ranking (BER) moved up by sixteen places . Being the official language of Greece and Cyprus, Greek language is one of the most important aspects of Greek culture. Essentials of Business Culture online courses, Comprehensive guides on doing business in 40+ countries, Tailored development pathway with a personalised learning journey, In-depth courses on key international destinations, Working in and Leading Virtual Teams online courses, Keith Warburton 2022, All rights reserved It provides access to the Piraeus Port, historical sites, the centre and the airport. the culture of greece has evolved over thousands of years - dating from the paleolithic era and the birth of the great minoan, (2600-1500 bc), mycenaean (1500-1150 bc) and cycladic. The best way to negotiate is to be friendly and patient; however, you can be firm. Learn some of the interesting facts abo. Face-to-face contact is preferred when possible as this deepens the personal relationship between partners. Do you want to learn more about Greek business culture? Tickets can be bought through automatic ticket machines, which are installed at all metro stations and ticket offices. In 1981, the country became a member of the European Union and in January 2001 entered the Eurozone, replacing the Greek Drachma with the Euro as currency. Former Yugoslav Republic of Macedonia (FYROM), http://en.wikipedia.org/wiki/Education_in_Greece, https://webgate.ec.europa.eu/fpfis/mwikis/eurydice/index.php/Greece:Overview, http://www.csrhellas.org/portal/en.php?lang=EN, Business Culture, Communication Access & Realtime Translation (CART), Startup Management: How to Setup a Successful Online Business, A Job in Dublin : 5 Reasons to Work in Ireland. The current economic situation index rose to 181 points, with the percentage of CEOs saying that the situation has improved compared with the previous year, rising to 32% from 26%. The Aegean Sea lies to the east of the mainland, the Ionian Sea to the west . It is common for meetings to progress slowly and run several hours overtime. Good friends embrace and kiss on both cheeks. Get access to all Greece Information Become an expert in global business culture About the Sponsor Although Greece is a significant agricultural and fisheries producer within the European Union, the tourist industry forms the basis of the economy. Tertiary education is provided byUniversities and Polytechnics, Technological Educational Institutes (T.E.I)andAcademies(for the military and the clergy). Non-verbal communication is the way our body speaks through gestures, movements, eye contact, facial expressions, and intonation of voice. 10 figurines from the Stern Collection go on show in Athens Nov 3-Oct 31, 2023. Former Yugoslav Republic of Macedonia (FYROM), Business Culture, Communication Access & Realtime Translation (CART), Startup Management: How to Setup a Successful Online Business, A Job in Dublin : 5 Reasons to Work in Ireland. Global Business Culture are the world's leading cultural awareness training consultancy. Dont be offended since it is just a common aspect of the Greek way of communication. Greece is one of the most mountainous countries of Europe. All Business Culture Cyprus Events Politics Tourism. It is appreciated and expected that one will be flexible with the rules. They may conduct multiple conversations at once in a group setting. Greeks prefer face-to face contacts to telephone or written communication and personal relationships are highly valued. While this may not be an obvious location for business ventures, local knowledge can ensure success. Adhering to common business practices when communicating, contributes to understanding the Greek culture, avoiding miscommunication and creating a positive image. The Greek economy has been in recession since the global financial crisis of 2008. It created concepts such as democracy, political science and Western philosophy, to name a few. raising the eyebrow with a slight upward nod of the head means no, while tilting the head to either side means yes; winking at someone is often simply a friendly gesture; avoid an open palm directed at someones face, as this is an insult; touching is common and is seen as a friendly gesture, so dont feel offended; avoid the OK sign since it is considered obscene. It is fast, comfortable and very reliable. The use of formal titles Mr. and Mrs. are used when first meeting someone and when addressing someone with respect, particularly the older generation. By using our website and agreeing to this policy, you consent to our use of cookies. They are a reliable, efficient and inexpensive means of transportation throughout the country and can be used both for long and short distances. In order to deepen a relationship, try and be talkative and personal about yourself. Personal networks may open doors and solve problems that would otherwise be very difficult to resolve. Greece will return to primary surpluses from 2023 and remain on a course of reducing its public debt, the IMF said in its Fiscal Monitor report released on Wednesday. It is a simple phrase that is the essence of all of your living in Greece: "Ohi Xoria". Greece being a popular tourist destination, welcomes foreigners with warmth. World Business Culture, West Down, Chalk Hill, Soberton, Hampshire SO32 3PH, Legal Notices Greeks want to get to know you before they will do business with you. The second section will concentrate on the education, training and placements in Greece, with particular emphasis on business-related matters. Website by Pivotal Marketing, According to the general rule, a Russian company which pays , Portugal: a country full of energy that welcomes both citizens , Since 2016, the Mexican government has been working in the . A national agency to promote Greece as a congress destination country will be set up, under the name "Greek Meetings Alliance," it was announced on Tuesday. Corruption persists at many levels: therefore, an understanding of these practices is also important. Below are some that may be useful to know: Greek is the official language spoken by nearly 11 million inhabitants in Greece. Global Business Culture are the world's leading cultural awareness training consultancy. . At KefiFM, we celebrate that greek culture every day, playing music that weaves across time and genres. Greeks respect responses and outlooks that are based on rationale and will listen to appeals of reason. The long-suffering people of Greece are still reeling from the austerity measures which were the price demanded by the international financial community in return for long-term fiscal support and they will be feeling that pain for a number of years to come. Verbal agreements are considered more binding and are usually adhered to on the basis of trust. This country profile provides an overview of some of the key aspects of Greek business culture in a concise, easy to follow-format. This World Business Culture profile is designed as an introduction to business culture in Greece only and a more detailed understanding needs a more in-depth exploration which we can provide through our training and consultancy services. The history of Greece is a succession of invasions and dominations: the Macedonian Empire, the Roman and the Byzantine Empire, which ended with the invasion of the Turks. Also, merchant shipping represents 16.2% of the worlds total capacity. To do business in Greece, it is vital to have a good understanding of its business or work culture. A relatively firm handshake is a must. Make sure it's the person who makes decisions. This country-specific business culture profile was written by Keith Warburton who is the founder of the cultural awareness training consultancy Global Business Culture. In the last fifteen years, significant infrastructure has been developed in Greece with the construction of major highways and motorways connecting major cities (Egnatia motorway, PATHE etc). Athens is the capital city and Thessaloniki is the second largest city. The Greek people are known for their friendliness and openness to meeting new people and doing business with them. The initiative belongs to the Hellenic Association of Professional Congress Organizers & Destination Events Specialists (HAPCO & DES), the This Is Athens Convention & Visitors Bureau . This World Business Culture profile is designed as an introduction to business culture in Greece only and a more detailed understanding needs a more in-depth exploration which we can provide through our training and consultancy services. The first section will focus on the attitudes and values of the Greek people. The age old maxim of who you know is more important than what you know could definitely be applied to modern-day Greece. A moderate amount of small talk usually takes place before moving to the business aspect of a meeting. Business structures are traditional and generally hierarchical. Postgraduatecourses last from 1 to 2 years whiledoctoratesnormally take 3 to 6 years. A relatively firm handshake is a must. A relatively firm handshake is a must. Our website uses cookies. Expect many interruptions and tangents of conversation. In the last few years, transportation has become much more reliable in large cities and buses are usually on schedule. With an ongoing sovereign debt crisis, doing business in Greece is certainly a challenge. Share your European work/study experiences. The population is approximately 95% of Greek origin, 4% Albanian and 1% other. Global Business Culture are the world's leading cultural awareness training consultancy. Business meetings will usually begin with general conversation before business is discussed. http://businessculture.org/southern-europe/business-culture-in-greece/ Did you know about Business culture in Greece? A unified, searchable interface answering your questions on the world's cultures and religions. Lateness is more common in Greece; up to 10 minutes is usually acceptable. Graduates of Gymnasio get a certificate which allows them to move on to the optional higher-level secondary education (Lyceum) in the form of an Integrated Lyceum or a Technical Vocational School. Business Forbes' Greeks and the Ten Richest People of 2022 Tasos Kokkinidis - November 1, 2022 Greece has become the top country in the world in improving its business environment over the last few years, a report by the Economist Intelligence Unit (EIU) found on Monday. Despite these problems, there are potential advantages of doing business in Greece, including a highly educated and skilled workforce and low labour costs, combined with strong entrepreneurial tradition. Greek Culture at Glance Introduction Greek culture evolves through the thousands years of development, possessing the notions and literature still compatible with contemporary society and literature. Our mission is to help clients work cross-border more effectively in an increasingly complex global environment. The ancient Classical and Hellenistic eras of Greece have left behind many ideas, concepts and art to provide the foundation of what we call western civilization. In architecture, buildings fall under one of three categories or orders, based on their aesthetics, the Doric, the Ionic and the Corinthian order. The Ancient Greeks made significant breakthroughs in many fields of science and philosophy, and they also developed important cultural means of expression, such as poetry, history, and drama. Hospitality is an important part of Greek culture and visiting businesspeople may well be taken to lunch. Therefore, first impressions are important and can influence your business relationship with your Greek counterpart. These meetings are an integral part of developing a successful business relationship. Photo Credits; ANA-MPA. If you're lucky, your holidays in Greece will include witnessing or even taking part in the following: Traditional weddings that start with dressing the bride and bouncing a baby boy on . Culture entails things like language, cuisine, social habits, music, and art, among others. Set appointments with the right people. Men and women shake hands when meeting one another and maintain direct eye contact. Try to be patient and feel free to interrupt in order to make your point heard they are unlikely to find it rude. Emphasis on the traditions of democracy and honour render trust and respect the key characteristics of business encounters, while experience and professionalism will gain foreign investors the confidence of local business people. Greeks will often be eager to know you and may ask many questions about your family and personal life. Greek Culture Greece Core Concepts Learn about the cultural concepts, history, demographics and social structures informing society Read More . If you continue to use this site we will assume that you are happy with it. 27 February 2016. If you continue to use this site we will assume that you are happy with it. Two pieces of body language that can cause unintentional offence are . It takes time to develop relationships: this can be done in the office, over extended lunches, dinners, and social outings. Trust is a major ingredient for acceptance and is much more important than qualifications, expertise or performance. It is really a good tool to understand how business works in another country. Katsos gav A well-known un-abbreviated Greek sentence is the first of great importance to the foreigner living in Greece. Despite those difficulties, life continues in Greece and the country has a great deal to offer for those people who can see the potential of a country rich in history and full of future promise. TheKallikratis reform, which entered into effect on the 1stof January 2011, introduced seven decentralized administrations as separate regional entities with elected governors and regional councils. Global Business culture is a leading training provider in the fields of cross-cultural communication and global virtual team working. Visualize Sense Nurture Ancient Greek Culture in Business & Tourism | Our goal is to fold: to enrich an organization's way of thinking by analyzing and showing how certain philosophical theories can be implemented, in order to improve its productivity; to acquaint the members of the organization with the . Public transportation has improved, especially with the introduction of the Athens Metro, which is one of the most modern and complex transportation projects in Europe. There are many studies that look into the Greek culture, how it has been maintained over time, and its influence on modern culture. The most famous of them were Athens, Sparta, Corinth and Thebes. All schools and HEIs in Greece are overseen by the Ministry of Education and Religious Affairs. Making the right impression with the right people can be the difference between success and failure and we very strongly recommend that you do your research before entering into the Greek market. Building strong, long-lasting relationships is important for the Greeks. Where did Greek culture come from? The document includes information on: This country-specific business culture profile was written by Keith Warburton who is the founder of the cultural awareness training consultancy Global Business Culture. Unsurprisingly, Greeces weak economic position has impacted its Ease of Doing Business rankings, which continue to decline each year. Greece, officially the Hellenic Republic, is a country in Southeast Europe.It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa.Greece shares land borders with Albania to the northwest, North Macedonia and Bulgaria to the north, and Turkey to the northeast. It is bordered to the west by the Ionian Sea, to the south by the Mediterranean Sea and to the east by the Aegean Sea. The train and tram networks are also efficient and reliable public transportation systems. Greeks do not drink excessively but they will appreciate it if foreigners show enthusiasm to sample Greek wines and spirits. We provide training to global corporations in live classroom-based formats, through webinars and also through our cultural awareness digital learning hub, Global Business Compass. Greece is a Mediterranean country in Southern Europe, bordering with Bulgaria, the Former Yugoslav Republic of Macedonia (FYROM) and Albania. 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