The new development law will slash investments-related bureaucracy as much as 70%, Greek Development and Investment Minister, Adonis Georgiadis, said speaking at the 4th EU-Arab World Summit in Athens.
Praising the Arab-Greek relations he stressed that Greece is “a traditionally friendly country to the Arab world.,”
He called on Arab investors to consider continued investments in Greece, “as Arab funds did in fact support investments during the financial crisis,” he said.
He referred to the Astir Palace Vouliagmeni SA beach, hotel and marina complex in coastal Athens as an example to that effect.
He noted that investing in Greece now offers several business opportunities, in a climate of political stability and a government determined to solve problems.
On the news on Greek press that German automaker giant Volkswagen will open a manufacturing plant in Greece, Georgiadis said that the Greek government has shown a strong, active interest on the matter.
“But in order to be able to make specific announcements, I need to have a specific result in hand,” Georgiadis told state broadcaster ERT adding “I can, however, tell you that Greece has already involved itself in a claim to that effect.”