Enterprise Greece και Germany Trade & Invest highlight the prospects for further growth bilateral investment flows

Athens, 10 September 2024 | Enterprise Greece in cooperation with the Ministry of Foreign Affairs and its German counterpart, Germany Trade & Invest (GTAI), co-organized, within the framework of the Thessaloniki International Fair, an event to highlight the investment prospects of the two countries and potential synergies.

During the panel entitled “Unlocking Opportunities: Greece’s & Germany’s Investment Landscape”, which took place on September 8, the CEO of Enterprise Greece, Dr. Marinos Giannopoulos, pointed out that Germany is one of the most important countries for foreign direct investment in Greece, while the President and CEO of GTAI, Julia Braune, underlined the importance of strengthening business cooperation in Europe and mentioned energy, pharmaceuticals, and logistics as priority areas.

Germany, the honored country at this year’s TIF, was represented by 135 companies and organizations, highlighting the deepening of cooperation between the two countries. German foreign direct investment in Greece has quadrupled over the past decade from €105 million. EUR 516 million in 2014. in 2023, with total investments of around €4 billion. euro. Germany is Greece’s fourth largest foreign investor, with half of the investment, about €2.5 billion, having been realized within the last five years.

One of the successful examples of German investments in Greece is Fraport’s upgrade of 14 regional airports. The CEO of Fraport Greece, Mr. Alexander Zinell, who participated in the panel, said that the project exceeded expectations, with the company considering new investment opportunities in Greece.
Similarly, Elpen Pharmaceuticals, which entered the German market in 2012, is considering further expansions in Germany.

Elpen’s CEO, Mr. Theodoros Tryfon, stressed the strategic importance of the German market, pointing out the clear and stable investment framework offered by the country.

The CEO of Enterprise Greece, Dr. Marinos Giannopoulos stated that: “Greece has excellent investment opportunities, especially in sectors such as energy, technology, pharmaceuticals and logistics. Our country has been transformed into one of the most attractive investment destinations in Europe, thanks to extensive reforms aimed at improving the business environment and our strategic position as a transit center. Cooperation between Greece and Germany is on an upward trajectory, offering mutual benefits and opportunities for significant investments that will further strengthen our bilateral relations.”