Mitsotakis: Stability in Greece Key to Attracting Investments

Greek Prime Minister Kyriakos Mitsotakis reiterated the government’s commitment to ensuring security and stability both in the country and in the region, adding that now was the best time to invest in Greece.

Speaking at a recent Hellenic-American Chamber of Commerce (AmCham) event as part of the 30^th Annual Greek Economic Summit, the PM also reaffirmed that Greece is a stable and reliable partner of the US.

In an interview with AmCham President Nikos Bakatselos, Mitsotakis urged investors to take action now, adding that for the next 3.5 years stability is guaranteed, and noting yet again that elections will take place in 2023 as planned.

“Like I always tell foreign investors, don’t wait. Because as time goes by others step in. And, of course, great opportunities emerge at the beginning of a great development cycle. Those bold enough to invest in the Greek Stock Exchange last year or in Greek bonds certainly did not lose,” he said referring to the positive prospects of the Greek economy “from now on”.

The event came on the back of the premier’s visit to the US earlier this month, where Mitsotakis invited entrepreneurs to invest in Greece.

The Greek PM met in Washington DC with representatives from 22 leading US business ventures who expressed interest in the areas of energy, infrastructure, tourism, new technologies, and real estate.

Mitsotakis added that reforms in Greece were now moving at a fast pace and government policy is focused on reducing labor taxation and revising the insurance framework.

On their part, US investors said an environment of political stability, a clear and unchanging tax framework, and speedy implementation times were key to attracting foreign capital and interest.

In the meantime, US Ambassador to Greece, Geoffrey Pyatt told ERT TV that the Greek PM’s Washington DC visit was “a remarkably successful meeting” adding that he effectively conveyed the message that Greece is ready for investments.

“The best official for investment promotion is the prime minister. He is an extremely effective supporter of investments. He sent a clear message that Greece has returned, that Greece is open to investment,” Pyatt said.