4th Investors Forum 2021: Four Greek Ministers Outline Government’s Work and Outlook

ATHENS — Four key ministers outlined the government's work in attracting foreign investments, in digitization progress and in labor policy, before Greek and foreign companies' CEOs attending the 4th Investors Forum 2021 in Athens on Wednesday.

Justice Minister Constantine Tsiaras said that despite the pandemic, a new legal framework was legislated for mediation and out-of court settlements in civil and commercial legal cases. He also mentioned that new departments were also set up in first-instance and appeal courts for the settlement of development-related disputes.

Over the next 100 days, added Tsiaras, several changes relating to the simplification of judicial procedures and to infrastructural improvements will benefit the citizen's experience with the overall legal and judicial system.

Deputy Minister for Economic Diplomacy & Openness Kostas Fragogiannis said that in a few weeks' time Prime Minister Kyriakos Mitsotakis will present the strategic national plan for extroversion, which includes approximately 105 actions in one year alone. He also mentioned an upcoming law on strategic investments to boost the attraction of foreign investor and he referred to the green project on the island of Astypalea, which has attracted American families interested in residing there.

Labor Minister Kostis Hatzidakis underlined the implementation of the employees' digital clocking card and recent key changes in social insurance legislation, particularly in the plan for supplemental pension to younger generations. He said that June data from the Ergani labor platform shows that there are 73,000 more hirings than firings.

Finance Minister Christos Staikouras spoke of some 68 reforms and 106 investments, which will create between 180,000 to 200,000 jobs, will raise the country’s GDP by 7 pct, and will also mobilize significant investments from the private sector.

Staikouras concluded by citing the latest estimates of the European Commission, according to which Greece will see a growth rate of 6 pct in 2022, against a European average of 4.5 pct. Investments, in particular, will rise at a 15 pct rate (EU average: 5 pct) and exports by 8 pct (EU average: 0 pct), he underlined.


ATHENS - Greek public debt totaled 357,295 billion euros at the end of the third quarter of 2021, from 337,666 billion in the corresponding period in 2020, Hellenic Statistical Authority said on Friday.

Top Stories


BOSTON – The Holy Synod of the Patriarchate of Alexandria in its recent meeting dealt with the ecclesiastical coup perpetrated by the Patriarchate of Moscow in its canonical jurisdiction, calling it an “immoral invasion and intrusion.


NEW YORK - Some 21 years after it was destroyed in the September 11, 2001 terrorist attacks in the United States that brought down the Twin Towers in New York City, the new St Nicholas Greek Orthodox Church rising in its place is among the most eagerly awaited architectural openings of 2022.


STATEN ISLAND, NY – For yet another year, the community of Holy Trinity-St Nicholas in Staten Island honored couples celebrating 50+ years of marriage with a modest ceremony held at the church immediately following the Divine Liturgy on January 16.


SNF’s Health Initiative Will Support Child and Adolescent Mental Health

ATHENS - When we think about childhood injuries, we usually think of scratches, a few stitches, maybe even a broken bone.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.