x

Economy

Greece Hunts Foreign Investors at Davos World Forum in Switzerland

DAVOS – Eager to get more foreign businesses in Greece to propel a faster recovery from the lingering COVID-19 pandemic, Prime Minister Kyriakos Mitsotakis will be looking for them at the World Economic Forum in Switzerland.

The event is essentially a show-off affair for the world’s biggest economies in a prestige setting and he was accompanied by Development and Investment Minister Adonis Georgiadis.

The minister  had meetings with businessmen and top executives of companies and investment schemes from all over the world, said Kathimerini, Greek officials keen on building Foreign Direct Investment (FDI) for speeding a comeback.

Read more: Tsunis: Greece Can Expand Its Role as an Energy Hub

“Investment interest in Greece is very high. For the first time our country has its own space in Davos, Greek House Davos,” Georgiadis told SKAI radio.

He also stated that “more than 100 companies have expressed interest in meeting (him) and the other ministers (Deputy Development and Investment Minister Christos) Dimas and (Shipping and Island Policy Minister Yiannis) Plakiotakis.”

The state-run Athens-Macedonia News Agency (ANMA) said Mitsotakis met with several high-level officials of investment firms and large companies on the sidelines of Davos.

Mitsotakis first met with UAE-based Mubadala Investment Company Managing Director and Group CEO Khaldoon Khalifa Al Mubarak to discuss mature projects attracting investment interest in Greece, as part of a bilateral joint-investment collaboration that was expanded this year.

The meeting was also attended by Georgiadis. Khalifa Al Mubarak said that Greece is “a special strategic partner” for the United Arab Emirates, and noted what he called impressive progress in bilateral relations.

Read more: Smyrlis Presents Greece’s Extroversion in Davos

The Greek premier then met with investor Ray Dalio, founder, co-chairman, and co-CIO of Bridgewater Associates. They talked extensively about the transformation of the investment climate in Greece during the last few years, the rise in Greece of traditional and new competitive advantages, and the opportunities the country offers due to its highly skilled human resources. They also discussed global economic challenges.

At a meeting with Jared Cohen, CEO of Jigsaw (former Google Ideas), the premier discussed global technological developments.

Prior to addressing an official dinner, Mitsotakis also met with Trafigura President and Managing Director Jeremy Weir who runs a raw materials storage and transport company.

They were said to talk about the prospect of Greek shipping’s energy reform, in the framework of the wider strategy of transitioning to greener energy in shipping connections and at Greek island infrastructures.

RELATED

PARIS - With heavy security set for the 2024 Paris Olympic Games during a time of terrorism, France has asked to use a Greek air defense system as well although talks are said to have been going on for months.

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

Over 100 Pilot Whales Beached on Western Australian Coast Have Been Rescued, Officials Say

MELBOURNE, Australia (AP) — More than 100 long-finned pilot whales that beached on the western Australian coast Thursday have returned to sea, while 29 died on the shore, officials said.

On Monday, April 22, 2024, history was being written in a Manhattan courtroom.

PARIS - With heavy security set for the 2024 Paris Olympic Games during a time of terrorism, France has asked to use a Greek air defense system as well although talks are said to have been going on for months.

WASHINGTON (AP) — A tiny Philip Morris product called Zyn has been making big headlines, sparking debate about whether new nicotine-based alternatives intended for adults may be catching on with underage teens and adolescents.

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.