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Economy

Greece Saw Foreign Direct Investment Rise by 70% in 2020, Georgiadis Says

ATHENS — "In 2020 we achieved the biggest increase, by 70 pct, in foreign direct investments (FDIs) and rose to 23rd place in Europe, from 29th in 2019 and 35th in 2018," Development and Investments Minister Adonis Georgiadis reported on Wednesday, at the InvestGr Forum. This boded well for the country's future prospects and all that has been achieved so far, he added, noting that the government wants to improve this yet further and aims to put the country in the top 10.

According to Georgiadis, the government's policies create the conditions for increasing FDIs, with the improved business environment creating new areas of interest and investment. He said the focus was on transforming small and medium-sized businesses with the introduction of financing and tax incentives that will soon be announced via the Recovery and Resilience Facility, so that they reach the size that helps with the country's the productive transformation.

On improving Greece's position in terms of attracting investments, the minister said there was cooperation with the World Bank and weekly monitoring of reform targets. He also announced that a new digital app will soon be unveiled that allows investors to track their investment file every step of the way.

The 4th InvestGR forum will also present this year's EY report on Investments in Greece.

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