Addressing the 27th Annual Economist Government Roundtable, Deputy Minister for Economic Diplomacy and Openness, Kostas Fragogiannis spoke about the new generation of investments and the capability and preparedness of Greece and its economy to adapt and meet the changing demands of each era. The event titled "The Great Transition: Geopolitics, Environment, Technology" was held in Lagonisi from 24th to 26th October 2023.
In his intervention at the conference session titled "Improving Greece’s investment climate amid a geopolitical turmoil", Mr. Fragogiannis outlined the government's strategy for fostering and sustaining an appealing environment for investments, presenting evidence that this strategy is yielding results.
"We are meticulously shaping Greece’s future as an attractive investment destination through carefully designed and strategic measures. With a national strategy focused on sustainable growth and the green and digital transformation of our economy, we embrace innovation and strive to establish our country as an energy, technology, and logistics hub in Southeastern Europe", the Deputy Minister stated.
Mr. Fragogiannis underscored that Greece's role as a regional technology and innovation hub has already been acknowledged by European and US enterprises and investment funds. In the critical energy sector, Greece already serves as an entry point to Europe for natural gas, a role that continues to solidify. "The energy corridors being designed and built, both on land and at sea, aim specifically at addressing current geopolitical challenges, while championing the diversification of sources, routes, and supplies", the Deputy Minister highlighted. Additionally, he stated that Greece aspires to become a supplier and exporter of green electricity produced from Renewable Energy Sources (RES), a sector presenting enormous investment potential.
Referring to the logistics sector, Mr. Fragogiannis spoke about an under-construction railway network that will connect Thessaloniki, Kavala, Alexandroupoli, Burgas, Varna, and Ruse, facilitating the supply chain in the region and transforming Greek ports into hubs that provide integrated solutions.
In the ensuing discussion, the Deputy Minister underscored the significance of political stability, attractive incentives, institutional regulatory frameworks, and robust human capital as key determinants for fostering an investment-friendly climate. He further articulated that the success of the Mitsotakis government lies precisely in its adeptness at discerning the needs and requirements of the market and orchestrating the conditions to attract them to Greece.
"The challenge for the future is to maintain and further enhance the trust of markets and investors, and their interest in Greece, and we are systematically working in this direction", concluded Mr. Fragogiannis.
October 26, 2023