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Greece: Investments Reach 15% Of GDP

by THEFUTURE.TEAM

February 7, 2025

Investments in Greece grew by 2.2% annually from January to September 2024, as reported by Alpha Bank’s economic bulletin. This increase is moderate compared to the 2025 budget estimate of 6.7% growth for the entire year.

Despite the moderate increase in 2024, investments have consistently contributed positively to Greece’s GDP in recent years, now accounting for approximately 15% of GDP (since the end of 2023). This is notably lower than the average 22% of GDP in the eurozone.

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The bank’s economists estimate that the government’s forecasted 8.4% increase in investments in 2025 could push the share of investments to 17.5% of GDP, narrowing the “investment gap” compared to the eurozone forecast of 20.8%.

Key Numbers:

Annual investment growth (January-September 2024): 2.2%.
Investments as a percentage of GDP: 15% in Greece, compared to 22% in the eurozone.
Projected public investments (2025-2028): €64.2 billion.
Foreign direct investment: Exceeds €5 billion annually on average in the last five years.

Key Sectors:

Industry: Investments in the industry have been growing continuously since 2018, reaching €5.4 billion in 2023.
Public Administration & Defense: Exceeded €5.3 billion in 2023.
Real Estate: Investments reached €5 billion in 2023.

More than half of total investments are concentrated in these three sectors, while sectors such as Transport & Storage, Education, and Professional Services have seen a decline.

Significant changes have occurred in the composition of investments since the pre-crisis period, when housing represented over 40% of total investments and approximately 10% of GDP. In 2024, it is estimated that housing will represent 14.3% of total investments and 2.3% of GDP.

Public investments are expected to play a crucial role in the medium term, with €64.2 billion projected for the 2025-2028 period. This includes investments from the EU and the Recovery Fund, with €9.8 billion expected from the Recovery Fund in 2025 and €11.6 billion in 2026. Recovery Fund grants are expected to end by mid-2026, although loan disbursements will continue until 2027-2028.

Foreign direct investment has shown promising growth in recent years, with an average of over €5 billion per year (excluding 2020). A recent survey revealed that 50% of respondents plan to expand or develop activities in Greece in the coming year, compared to 30% in 2019.

Greece was ranked 19th among the most attractive EU countries for foreign investment in 2024. This ranking highlights the intensifying competition and underscores the need for further improvements to the country’s investment environment.

AI Startup InsureVision Secures $2.7M To Predict Car Crashes Before They Happen

by THEFUTURE.TEAM

March 12, 2025

Imagine a world where your car doesn’t just react to accidents—it predicts them before they unfold. That’s the bold vision behind InsureVision, a London-based AI startup that just closed a $2.7 million seed round to turn predictive crash prevention into reality.

Why This Matters

Backing from State Farm Ventures, Rethink Ventures, and Twin Path Ventures signals serious industry confidence. State Farm, one of the world’s largest insurers, rarely bets on early-stage startups, making its participation a major endorsement of InsureVision’s tech.

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The Tech: AI That “Sees” Like A Human

Founded in 2023, InsureVision has built an AI system designed to process real-time video from standard car cameras—an approach they call “enviromatics.” Unlike conventional GPS-based trackers that assess risk through raw data points like speed and braking, InsureVision’s AI interprets the full driving environment.

Here’s the difference:

Traditional systems might flag sudden braking as reckless.
InsureVision’s AI understands that a pile-up ahead is the real risk and recognises defensive driving rather than penalising it.

Who’s Buying In?

The advanced car safety tech market is projected to grow from $21 billion today to $40 billion by 2030, and InsureVision wants a sizable cut. Its AI could reshape risk assessment for:

Insurance companies offering personalised pricing based on actual driving behaviour.
Fleet operators (think Uber, logistics firms) seeking real-time risk monitoring.
Automakers integrating AI-driven safety features to comply with evolving regulations.

Next Steps

Trials with major U.S. insurers are underway, with Japan next in line for expansion. Results from these pilots are expected by mid-2025.

“We’ve built a vision transformer—an AI that learns from what it sees, not just mechanical data like speed or acceleration,” says CEO Mark Miller. “This brings real-world context into risk assessment, making it a fundamentally more human approach.”

For investors and industry insiders, the bet is clear: If InsureVision delivers, it won’t just improve road safety—it could redefine the economics of auto insurance.