x

Economy

Georgiadis Pledges to Continue Reforms to Make Greece Investment-Friendly

December 4, 2020

ATHENS — There is absolutely no chance that either Greece or any other European country will demand back the money that has been given to businesses the minute the pandemic is over, Development and Investment Minister Adonis Georgiadis emphasised on Friday, at the Greek Economic Summit-GES2020 of the Hellenic-American Chamber of Commerce.

While the unexpected outbreak of the pandemic had altered the government's calculations, Georgiadis stressed that it had in no way "changed our intentions or our belief in the goal." Consequently, he added, "in the months of the pandemic, despite the great recession that the restrictions necessarily bring about and the big drop in tourism, our desire for reforms is undiminished, so that our country can become more friendly to entrepreneurs and investment."

Georgiadis also expressed his conviction that all the government's actions will bring results, noting that Greece has already risen nine places in the global competitiveness rankings, to occupy one of the best positions in the country's history.

 

RELATED

ATHENS - Almost nine years after being on the brink of being pushed out of the Eurozone and its economy shrinking 25 percent, Greece’s unlikely comeback is continuing, with a 3 percent growth forecast for 2024.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

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.

Video

A Palestinian Baby in Gaza is Born an Orphan in an Urgent Cesarean Section after an Israeli Strike

RAFAH, Gaza Strip (AP) — Sabreen Jouda came into the world seconds after her mother left it.

VENTURA, CA – Greek-American George Christie was featured on Fox News Digital (FND) for his time in the Hells Angels, recounting the moment he decided to quit the motorcycle club he had formerly led.

NICOSIA - The suspending of asylum applications from Syrian refugees on Cyprus has now been followed by President Nikos Christodoulides saying the island country that’s a member of the European Union can’t take any more in.

WASHINGTON - Although human rights groups have chided Greece’s record in dealing with refugees and migrants, alleging pushbacks the government denied happened, the US State Department said Greece’s record is essentially status quo.

While Greece is hoping to lure more foreign companies - especially American - Greek companies are showing interest in investing in the United States to take advantage of aid for environmental and other projects being offered.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

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