Business and Entrepreneurship in South Coastal Zone of Attica Region, in Greece

Purpose of the present paper is to investigate the evolution of the economic situation and particularly employment in Attica region in Greece. It focuses particularly on the southern coastal municipalities in the region and specifically in municipalities of Moshato, Kallithea, Paleo Faliro, Alimos, Elliniko, Voula and Vouliagmeni. Attica is an urbanized region which displays an excellence in the secondary and tertiary sectors of the economy. In addition, it is a center of advanced services with valuable human resources because of higher educational institutions hosted in the region. That means a dynamic development of high technology. The good economic situation of the study area changed in recent years, from 2009 onwards, due to the economic crisis in Greece. The poor fiscal policy resulted in swelling of the external debt of the country, has contributed not only to the economic downturn, but has also affected the welfare of residents. The economic effects are obvious in the private sector, thereby reducing business activities, revenues and lost jobs. All the above have additional effect of increasing intra-regional disparities, such as population disparities, rising unemployment, the population movements for job search and other. The paper elaborates on the economic situation and entrepreneurship in the region over the past 20 years or so including both periods of acne, and those of the last economic downturn. Using documents, tables and graphs, work draws conclusions.