Greek govt to encourage investments, FinMin says

   The Greek government will encourage investments and allow business activity to grow in an environment with clear rules for all, Economy and Finance Minister George Alogoskoufis said on Friday.

    Addressing a seminar for senior business executives, the Greek minister presented the country's comparative advantages in attracting investments. "Greece has entered a new era of macro-economic stability, increased competitiveness, more investments in education and balanced growth. It is the only country in the region to be a member at the EU and NATO, it uses the euro currency, enjoys one of the highest growth rates, it owns advanced infrastructure and the has the best trained human resources in the region," he said.

    He particularly mentioned the Greek merchant shipping fleet, one of the largest in the world which contributed more than 12 billion euros to the Greek economy last year.

    Alogoskoufis said that in less than 10 years Greek investments in Southeastern Europe exceeded 8.0 billion euros and stressed that any businessman investing in Greece or using the country as a base for its activities in the region, gained access to a dynamic network of several Greek enterprises with successful activities in the Balkans and Eastern Mediterranean. "This has particular significance if we consider that Romania and Bulgaria will officially enter the EU in 2007," he stressed. Greece is the biggest investor in Albania, Bulgaria and FYROM and one of the three biggest foreign investors in Romania, Alogoskoufis said.

    The Greek minister also refered to a tax reform, a new development law, joint ventures between the public and private sectors and an ambitious privatisation proramme, estimated at 1.6 billion euros this year.

    "Our goals are ambitious but realistic," he added and urged foreign businessmen to invest in Greece.

   

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