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Economy

Georgiadis: People Have Confidence in Greece for Investments

September 23, 2022

ATHENS – “…Some people have confidence in Greece, that if they invest their money, they will not lose but gain,” Development and Investments Minister Adonis Georgiadis said in an interview on Friday with the radio station SKAI 100.3, referring to Thursday’s “three pieces of good news” for the Greek economy.

The minister also announced that he spoke in his office with representatives of a business mission from the US “and many large US investors are now lining up to come to our country.”

“Yesterday was an excellent day for the Ministry of Development and Investments, the Greek economy and Greece in general,” he stressed.

1) The day started with the announcement of the very large acquisition of the majority share of the company “IKOS” by a Singapore state fund, which with a valuation of the company at 2.3 billion euros decided to buy the majority share, i.e. to give over 1 billion to buy the majority shares and enter this company. It is the largest investment in the tourism sector, after the pandemic.

2) In the afternoon, two tenders for the privatisation of the port of Alexandroupolis were received.

3) The day ended with the conclusion after many months of negotiations of the merger of ATTICA and ANEK, which is of great importance for Greek shipping.

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