'Greece is Ready': Minister Touts Investment Grade, Vows to Cut Red Tape - iefimerida.gr

'Greece is Ready': Minister Touts Investment Grade, Vows to Cut Red Tape

Takis Theodorikakos
Takis Theodorikakos /Credits: Eurokinissi
ANTHEE CARASSAVA

Greece is ready to welcome productive investments and is actively eliminating bureaucratic obstacles to accelerate business growth, Development Minister Takis Theodorikakos has said.

Speaking at the Athens Riviera Summit, Mr. Theodorikakos highlighted the country's economic turnaround, noting that Greece has regained investment-grade status, reduced its public debt faster than any other E.U. country, and attracted over €30 billion in foreign direct investment in the last five years.

He said the government's consistent policy of cutting taxes has helped create over 500,000 new jobs and is beginning to reverse the "brain drain" of the crisis years, with more Greeks now returning home than leaving. 

"We want a more productive, outward-looking, and competitive economy," Mr. Theodorikakos stated.

The minister announced that his office is implementing 12 specific measures to "drastically reduce bureaucracy and expedite all procedures" for strategic investments, which include major projects in the defense, shipbuilding, and pharmaceutical industries.

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