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Invest in Greece: A Leading SE Country

(GREEK NEWS AGENDA)  Greece’s high growth rates along with its economic role and presence in the broader Southeastern Europe region are two of the country’s main comparative advantages that render it an attractive destination for foreign investment, Finance Minister George Alogoskoufis said yesterday. Addressing an event for the relaunching of the Hellenic Center for Investment (ELKE) as the Invest in Greece Agency (www.investingreece.gov.gr), the minister noted that Greece has consistently achieved annual growth rates of around 4% in recent years and is well placed to withstand the upheavals in the global economic system, having significantly reduced its fiscal deficits. He predicted that Southeastern Europe will constitute the economic “miracle” of the next 15 years, due to high growth rates and investment opportunities. Alogoskoufis said new incentives had helped Greece attract more than €8.5 billion in foreign investment in the last two years.

The Invest in Greece Agency will be an enhanced version of its predecessor, Managing Director Dimitris Pazaitis said. The agency is preparing a series of investment guides, redesigning its webpage and launching a “front desk” service which will reply to all inquiries within 24 hours.

The agency’s new operating strategy will be based on three pillars: the targeted promotion of Greece’s investment opportunities; efficient support services to investors, covering the entire investment process; efforts to improve current investment services by thoroughly recording the issues and problems facing investors and submitting pertinent recommendations to the relevant departments.

Ministry of Economy and Finance: Fact Sheets on the Economy of Greece; Ministry of Foreign Affairs: The Economic Diplomacy of Greece

Secretariat General of Information, About Brand Greece: A New Economic Policy: creating a favorable environment for investment; Greek Business Presence in Southeastern Europe; Greek Economy & Markets: Trends and Prospects for the Economy 2008