Enterprise Greece: €1bn Worth of Investments in the Pipeline

One billion euros worth of investments are in the pipeline, Enterprise Greece Chairman Christos Staikos said in an interview to Greek daily To Ethnos.

New deals in the areas of tourism, energy, telecommunications and commerce – particularly agri-food products, are about to materialize and together with projects awaiting approval are set to boost investment activity in Greece to 1 billion euros.

The idea is for Enterprise Greece to serve as an efficient go-between which will pave the way for the Greek economy to expand outward.

“In this direction, we’ve stepped up our efforts both to attract investment and to promote exports by incorporating new industries, approaching new markets, implementing more actions and creating new tools,” Staikos said.

At the same time, Enterprise Greece, the state body promoting investment, is working with the foreign ministry on the design of an “umbrella” site for easy access and outward advancement.

The Greek government has in the last few months focused on outwardness with the latest move by Economy Minister Dimitris Papadimitriou and US Ambassador to Greece Geoffrey Pyatt earlier this week who agreed to the creation of a Greek-US investment committee.

Tourism is among the key areas attracting foreign direct investment particularly in view of increasing tourist flows and dropping prices.

The economy ministry, meanwhile, expects foreign direct investment to exceed 4 billion euros in 2017, according to its October bulletin released recently.