Ad. Georgiadis: Major American investments are lining up to come to Greece

Ad. Georgiadis: Major American investments are lining up to come to Greece
Ad. Georgiadis: Major American investments are lining up to come to Greece

“…some people trust Greece, that if they invest their money they will not lose but will gain” noted the Minister of Development and Investments Adonis Georgiadis in an interview today, on the radio station SKAI 100.3 referring to the three good news of yesterday for the Greek economy.

The minister also announced that, the day before yesterday, he spoke in his office with representatives of a business mission from the USA “and many large American investments are now lining up to come to our countryas he noted.

In more detail, the minister said:

“Yesterday was an excellent day for the Ministry of Development and Investments, the Greek economy and Greece in general.

1) The day started with her announcement of the very large acquisition of the majority share of the company “IKOS” of the Andreadis brothers by the government fund of Singapore, which with a valuation of the company at 2.3 billion euros decided to buy the majority share, i.e. to give more than 1 billion to buy the majority of the shares and enter this company. It is the largest investment in the tourism sector made in the world, after the pandemic.

And why does this concern Greece? Beyond the essence, that it is one direct foreign investment in Greece – foreign direct investment- is important because in the record of investments we had in the first half of 2022, an all-time record, yesterday’s acquisition completes a year with an all-time record for foreign investments in Greece.

Mainly it shows the huge trust in Greek tourism. At a time when there is fear of war, the energy crisis, inflation and everyone is worried about how the economy will be in the coming years, one of the most serious funds on the planet comes and trusts the Greek economy. Singapore’s investment, in addition to the money that enters the Greek economy as a direct investment, foresees investments of 900 million euros in the hotels of the Andreadis family over the next five years. It is also a lot of tax revenue for the Greek state. And most importantly, it is a signal to international markets that serious investors are betting that Greek tourism and the Greek economy will do even better in the coming years.

The fact that some succeed and invest in Greece and then sell at a large profit is very good news for our Greece, because this way others will come to invest. Only if the investors win will the next ones come.

2) In the afternoon of the same day, the offers for the course of its privatization were closed port of Alexandroupolis. We had two entries from two formats with an American presence both and a significant domestic presence as well. Since we have two participations, there will be a second round. Well, we are going for a higher price and this shows the huge interest of the United States of America in investing in Greece.

In the last three years that I have had the honor of being Minister of Development and Investments, we have had the most American investments in Greece since World War II. And this continues. Yesterday, I saw in my office a very large business delegation from the United States of America, and many large American investments are now lining up to come to our country.

3) The day ended with completion after many months of negotiations for the merger of ATTICA and ANEK, which is of great importance for Greek shipping. He saves ANEK from all the problems of the past, the jobs, the lines and creates a huge company, very strong in the field of Greek shipping. A very big and very pleasant news for the people of Chania and for the Greeks in general.

So, we had a day where while we are all dealing with the war and worrying about energy and inflation, the Greek economy not only shows that it is holding up, but continues its great growth rates and successive great successes. All these agreements mean that some people trust Greece that if they invest their money they will not lose but will win.”

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The article is in Greek

Tags: Georgiadis Major American investments lining Greece

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