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Greece is the home of democracy, modern politics, and beautiful beaches. These, make now the country famous for. Somewhere at the end of the line, the tech sector also makes Greece a good destination for investors that aim the Mediterranean area. 

With an accent on the public sector, Greece never focused and consolidated its efforts around the tech sector, until 2018, when the government sought financial assistance and resources to get out of the economic crisis the country was hit in the mid-2010’.  The Greek tech ecosystem was from the European Investment Fund and private investment, indicating a confident bet that this is. Since this investment, the country had seen a flurry of innovation as predicted and beyond. The number of firms in the venture capital space has quadrupled, spurring exponentially more ideas and innovation from young minds, founders, and investors in the space.

Why you should work with Greek IT companies

The main lesson Greek companies learned from the European digital market was that they have to provide high-quality services for affordable prices, in order to be competitive and attractive. But this helped not only to attract new clients but also to investments and stimulate the workforce to enroll in the IT sector and develop the country’s economy. 

Digitalizing the tourism sector and provide more accessibility to potential visitors was the first successful test local companies have passed before going internationally. Now, in 2020, more than 80,000 workers are employed in the Greek tech sector with an average wage of ~1000 Euro/mo. At this rate, Greek IT companies provide probably the lowest costs/project in the Mediterranean area, using at the same time the latest technologies and delivering decent projects to national and international customers. 

What you should be aware of when working with Greek IT companies

On the other hand, Greek IT companies lack experience in the international market and find it difficult to compete outside the geographical area they are located in. It is true, that competition in the European market is tough and few get to know the ultimate prize for fame since there is no #1 company in the world. But with all that, in 2020 not all Greek IT companies and digital agencies are able to compete with western-European companies. 

How reliable are Greek IT companies

On the regional level, Greek IT companies are not only reliable but also among the most favorite for clients. But the lack of experience and the in-development IT industry, create a psychological barrier for potential clients, especially big companies.  On the other hand, taking into account the speed of progress Greek companies are registering, it is possible to see a surprise turnover where the IT sector will be at the same heights or even more developed compared to western-European countries. 

How does the Greek IT sector relate to the neighboring countries?

Greece’s geographical position makes the country a strategic place in terms of connectivity and transition for the entire Europe. Compared to the Balkan countries, the Greek IT sector is well-ahead, mainly because of funding opportunities, but also due to the government-supported policies and facilities for local IT companies. 

All starts with a name. The name is one of the most important elements of a company, product, or service. It creates an identity among the competitors, a well-chosen name can help to create a positive impression, build brand awareness, and make clients easier to remember you.

So, naming is the process of creating names for businesses, products, and services by a team of creative professionals who usually brainstorm name ideas, conduct research, and test different names with a focus on the target audience and make the best final choice. 

are more likely to remember a product with a strong name. At the same time, a relevant name can increase brand awareness by up to 23%. Curios is that 72% of the best brand names are words or acronyms made up.

If you are launching a new product, or want to rebrand an existing business, or maybe you are going to expand into a new market, naming service is for you. It will help your business avoid costly mistakes and create a name that will help to achieve your branding goals.

For the best result, you have to choose the best naming service provider. Consider these factors for the best choice:

• Experience and expertise 

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• Reviews 

• Interview the company and see if they understand your needs.

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We invite you to explore their profiles and choose one that fits better with your needs.

Also, we created an advanced filter that can narrow down your choices. Alternatively, submit your project and our team will help you with this task. 

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