“To date, there is no cancellation or postponement of an investment plan due to the war,” said the Minister of Development and Investment, Adonis Georgiadis, at yesterday’s event on “Public and Private Investment in Greece” of the Athens Chamber of Commerce and Industry. at the Entrepreneurship Center “Konstantinos Michalos” of EVEA.
However, the minister, as noted in a statement by the chamber, described “testing the reflection on how the world economy will develop and what this will mean for the Greek one.” Mr. Georgiadis presented the reform axes of the ministry’s strategy, expressed the belief that in addition to tourism, Greece can have extremely positive results in the field of industry and reaffirmed the government’s commitment to structural changes aimed at further improving it. business and investment environment. “In this direction, we cooperated with EVEA, achieving excellent results and we will do the same in the future,” he noted.
For his part, Mr. Bratakos stressed that “the last two years, despite the extraordinary conditions created by the pandemic, we are seeing an impressive recovery of investment activity. Especially, in terms of Foreign Direct Investment, which took place in 2021. jump of 70% “. “These performances are particularly encouraging. They confirm the dynamics of the Greek economy. And they reflect a great and successful effort to create a friendlier investment environment, which incorporated proposals and demands of the chamber community to reduce taxation, to digitize public. administration, for the improvement of the labor legislation “, said among others the president of EVEA.
However, as Mr. Bratakos stressed, the share of investment in GDP today remains the lowest in the European Union and for this reason, the acceleration of investment remains a bet of growth – even survival – for the Greek economy in the coming years. Prior to the financial crisis, investments in Greece reflected the characteristics of an unsustainable growth model, where the industry had a share in the formation of fixed capital of only 4%. Purely productive investments – such as investments in equipment and intellectual property – were a meager minority. “With the experience we have today, we know that this model needs to change. The challenge is clear. We want more investment, which expands the country’s productive and development potential. Investments that create sustainable jobs and better real incomes in the long run.” stressed the president of EVEA.
SOURCE: AMPE
Source: Capital
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