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Greece’s new economic and political stability shows in FDI- Marinos Giannopoulos, CEO of Enterprise Greece, talks to FDI

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Greece’s new economic and political stability shows in FDI- Marinos Giannopoulos, CEO of Enterprise Greece, talks to FDI

Greece’s new economic and political stability shows in FDI

April 20, 2024
Real Asset InsightReal FDI

Greece is attracting large amounts of foreign direct investment and record numbers of projects following the reforms that the government has put in place since 2019.

“It makes my job easier, having all these success stories to be able to promote Greece with as an investment destination,” said Marinos Giannopoulos, CEO, Enterprise Greece.

One of the key attractions is the political stability that Greece has enjoyed and with the re-election of what is a pro-business government it gives investors further confidence to come to the country.

Reasonable costs help too. “I think prices are still low, the returns can be great – it won’t be what it was pre-crisis, obviously, but it’s still there,” Giannopoulos told Real Asset Insight’s, Richard Betts. And he said that with the funding available from banks and the EU there is a good mixture of opportunities and funding in Greece.

Enterprise Greece also has a dedicated strategic investment fast track process that provides additional incentives for qualifying projects and Microsoft is one example of a company that has benefited.

There are major projects underway, such as the Hellenikon, an €8 billion regeneration of north Athens that will provide a mix of hotels, colleges, hospitals, business centres and attractions such as a new tower.

Enterprise Greece is not just focused on Athens. In fact the further you go from Athens, the larger the incentives.

There are also infrastructure projects being undertaken in partnership with the government and private sector connecting different areas within Greece, including roads, marinas and ports designed to make access easy.

“We want to be become a big Logistics hub apart from a technology hub, connecting the Middle East to Europe,” said Giannopoulos.

More institutional funds are being attracted to Greece, including from the US, that perhaps would have previously felt that it was too risky.

 Source: FDI

podcast: Greece’s new economic and political stability shows in FDI

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