FDI success is evidence Greece more than hotels and tourism

Although Greece is well known for its tourism and hospitality sector, the country is pushing forward to improve its infrastructure more generally.

Developing more logistics centres, such as in the port of Piraeus, where it can capitalise on the confluence of sea land and rail transport, is one aspect but there is also a big push for data centres.

“To the best of my knowledge, we are the only country outside South America that hosts Google, Amazon Web Services and Microsoft data centres,” said Marinos Giannopoulos, CEO of Enterprise Greece.

Other major projects include the government’s promotion of energy efficiency and sustainable living in Greece in which real estate has a major role.

“There are two sides to what Enterprise Greece does: promoting exports and attracting investments. So anything to do with either of these we try to be there and support companies and try to promote Greece,” Giannopoulos said.

Greece has been a success story, he added, with 6% GDP in 2022. “And there’s been more than €6 billion of FDI in Greece, but we need to keep at it so we have a set of incentives that Greece can provide for investors.”

These include grants, tax breaks and a fast track that enables investors to submit applications via Enterprise Greece which guides them through the process to expedite licensing.

Please click on the video above to watch the full interview or listen to the podcast below.