Economy Minister: Greece to See Signs of Growth, More Investments in 2017

© Shahar Azran

The Greek economy will mark the first signs of growth this year and see an increase in investments, Economy and Development Minister Dimitris Papadimitriou said during the 6th Hellenic Investment Forum held in New York last week.

“2017 it is expected to be the first year that the Greek economy will show significant signs of growth of 2 percent,” said Papadimitriou citing a significant improvement in main economic indicators as well as an improved labor market, a friendlier business environment and dropping unemployment rates.

Papadimitriou, who was in New York to present business opportunities available in Greece, noted that business profitability has been greatly restored. He added that now is the ideal time to invest in Greece, thanks to its well-trained and cost-competitive labor force, the country’s competitive strengths related to its geo-strategic position, its monetary stability and its incomparable natural resources.

Organized by the American-Hellenic Chamber of Commerce and the Athens Stock Exchange, the forum aims to promote Greek investment and business opportunities in the US, offering the opportunity for B2B meetings with the US investment community.

The event was attended by executives from Greek-listed companies, members of the Chamber and representatives from the Federation of Hellenic Enterprises (SEV) and the Federation of Industries of Northern Greece (FING).

A key conclusion of the event was that the private sector, despite adversity, has remained robust, supported the national economy and created the expectations that attract investor interest.