FOREIGN INVESTMENT IN GREECE
The Current Situation
Large foreign companies are beginning to invest in Greece, in some cases sizeable amounts, or are expressing keen interest in investing in the country.
Virtually the entire Greek political spectrum now agrees that foreign direct investment is crucial for the country’s development and economic growth.
In the past, foreign capital was often viewed with suspicion in both the Greek political and public spheres. In a major shift, foreign direct investment is now seen not only as legitimate, but as the sine qua non for the recovery of the Greek economy.
However, challenges remain. In spite of significant governmental reforms, chronic structural problems continue to plague key industries and institutions. These inefficiencies are a barrier to Greece becoming an attractive investment destination.
To organize the InvestGR – Foreign Investment in Greece Forum each year with the participation of government policy makers, political leaders and business executives from foreign companies operating in Greece. The Forum aims to bring together decision makers from the public and private sectors to discuss ways for improving the existing framework for foreign direct investment in Greece.
The annual Forum aims to highlight the views and positions of foreign companies in Greece on how to make Greece a more attractive investment destination. In parallel, the Forum provides a venue for government officials and political representatives to present their positions, initiatives and plans regarding foreign investment.
Each year the Forum prepares and publishes the Initiative for Foreign Investment in Greece, which is presented to the media and distributed to Greek and EU institutions.
The Initiative incorporates the remarks and proposals of foreign companies operating in Greece, as expressed by their representatives and discussed at the annual InvestGR – Foreign Investment in Greece Forum.
The Initiative is edited by George Pagoulatos, Professor of European Politics and Economy at the Athens University of Economics and Business.
Each year, a survey of foreign company executives operating in Greece is carried out prior to the Forum to assess their attitudes, views and recommendations on the investment framework in Greece. The survey helps form the basis for the discussions at each year’s Forum.
PUBLIC AFFAIRS & NETWORKS
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