COVID-19 Winding Down, Mitsotakis Woos Foreign Investors Again

ATHENS – Greece is just as attractive for investments with the COVID-19 Coronavirus lessening as it was before the pandemic hit, Prime Minister and New Democracy leader Kyriakos Mitsotakis said, wanting them to put in their money.

He told senior executives of the Young Presidents' Organisation (YPO) in a video conference May 21, with an audience of about 1,000 CEOs and business leaders in more than 100 countries, that Greece’s handling of the virus showed it’s ready to pick up a recovery again.

The country was just beginning to accelerate a rebound from a near-decade long economic and austerity crisis after the Aug. 20, 2018 end of three international bailouts of 326 billion euros ($358.58 billion) when COVID-19 struck.

The government had lowered a corporate tax rate hiked to 29 percent by the former ruling anti-business Radical Left SYRIZA and was planning further cuts before the virus forced a detour of state funds to businesses temporarily closed by a lockdown and workers laid off for weeks.

Taking questions, Mitsotakis said the government's strategy from the beginning was to upgrade the investment environment, said Kathimerini after he last year said starting the 8-billion euro ($8.8 billion) development of the abandoned Hellenikon International Airport site that was stymied by SYRIZA was a top priority for his administration.

“We have come a long way in this direction, we have reduced taxes, we have improved the regulatory framework, the digitalization of public administration has progressed – something that many thought was impossible. And now we have the added advantage that we are considered a safe country with a well-functioning public administration,” he said.


ATHENS - The Greek Foreign Affairs Ministry condemned the "unprecedented violation of national sovereignty by two Turkish fighter jets, which illegally entered our national airspace and approached the city of Alexandroupolis at a distance of only 2.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.


Mission, TNH’s New Travel Documentary Series with Clelia Charissis (Trailer)

Every weekend, TNH and Clelia Charissis are on a mission, traveling around Greece and the world to highlight places through the people we meet along the way.

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.