Germans Eyeing Greece Investments Enterprise Body Says

German investors are exploring opportunities in Greece to place their capital, according to the Hellenic Federation of Enterprises (SEV), following a meeting of country officials on the occasion of German Vice-Chancellor Sigmar Gabriel’s two-day visit to Athens last week.

Potential areas of collaboration between Greek and German companies include energy, renewable resources, energy saving, computing, technology applications, tourism, pharmaceuticals, finance and construction.

Addressing an event at its offices on Thursday on the sidelines of Mr Gabriel’s visit, SEV Executive Vice-Chairman Konstantinos Bitsios invited German entrepreneurs to invest in Greece’s high-prospect sectors including logistics, agri-food industry, energy, mineral wealth, and IT, as well as in innovative sectors such as biotechnology, production and fashion.

An open discussion between participants followed, and included representatives from Panhellenic Association of the Pharmaceutical Industry, the Greek Tourism Confederation (SETE), the Hellenic Bank Association and the Greek Logistics Company.

Germany is one of Greece’s main trade partners, with Greek exports to Germany growing by 6 percent in 2015 compared to a year before, reaching 1.9 billion euros, while imports dropped by 3 percent to 4.7 billion euros, Mr Bitsios said.