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Newsletter April 2012

EDITORIAL

Greece’s successful conclusion in finalising a complex PSI (Private Sector Involvement) agreement, as well as positive results in securing funding from its European Union partners, the European Central Bank, and the International Monetary Fund, mark the beginning of a new chapter in national growth, development, and investment.

These developments are a pivotal turning point that will provide the international investment community a sense of restored stability and confidence in Greece’s position as a long-term investment destination as well as offering multiple investment opportunities.

The recent approval of six major projects, valued at 5.6 billion Euros, for inclusion in the Fast Track process, also signals the beginning of a new era, one in which investment is given the highest priority across the board and in which investors will benefit from the ambitious reforms put into place during the last 18 months.

It is important that, only a few days after assuming her position as new Minister for Development, Competitiveness & Shipping, Anna Diamantopou stated: “The ministry's main focus will be on attracting investment and resolving the problems faced by potential investors. The ministry's current three priorities will be to unblock foreign investment and attract new investment, inject liquidity into the market and to table a draft bill on 'friendly enterprise' in the next few days.”

At the same time, Hans Peter Kaitel, president of the German industrialists, said in an interview with the newspaper Frankfurter Allgemeine Zeitung, he was “in favour of investing in Greece, given the right opportunities.”

Greece is a land that offers significant opportunities. In tourism, high-tech and biotech, energy and agriculture, and environmental management, investors will discover some of the most promising potential in Europe.

Greece is determined to continue its course of structural reform, enhancing investment procedures, and ensuring that “friendly enterprise” is at the heart of our every action.


Aristomenis (Aris) M. Syngros
Executive Chairman