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Economy

Georgiadis Says Investors, Germany Keener on Greece

September 28, 2022

BERLIN – Coming off a record year in 2021 of 5 billion euros ($4.79) billion in foreign investment when the COVID-19 pandemic hadn’t yet abated, Greece expects the interest to grow stronger now.
That’s because of the growing development of renewable energy sources long neglected until Russia’s invasion of Ukraine set off a chain of events driving up costs and showing the reliance of Greece and European Union on Russian supplies.

Development Minister Adonis Georgiadis said he’s become even more confident in foreign businesses wanting to have a footprint in Greece after visiting some in Germany to talk up what Greece is doing to attract them.

He said that was also beneficial in “healing the damage suffered by Greek-German relations in the past decade,” the state-run Athens-Macedonia News Agency reported, an apparent reference to tensions going back to World War II.

“The climate for Greece has changed, the representatives of the business community that I met expressed their admiration for the achievements of the Greek economy in the last three years and it seems that there is a very strong mood to start making a lot of investments,” he also said.

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