Greek Fin. Min.: “Historical record year for investments in 2022”

Christos Staikouras referred to the performance of the Greek economy which proves that together the private sector and the State have managed to limit the unprecedented risks, to a satisfactory degree .

“2022 will be a historic record year both for foreign direct investment in Greece and for exports”, pointed out the Minister of Finance Christos Staikouras, during his speech at the “Naftemporiki” conference entitled “Greek Economy & Entrepreneurship: Challenges and Opportunities in an unpredictable future!”.

“The country has also known challenges and opportunities in the past”

According to the minister, “the country has had challenges and opportunities in the past, it has today and will face challenges and opportunities in the future as well. The issue is how entrepreneurship and the economic system work together to seize the opportunities and limit the challenges as much as possible.” He added that “we also had opportunities in the past with a favorable European environment, but then for four years we had approximately zero rates of economic growth”.

As Mr. Staikouras noted, in the last four years the country was asked to face “new unprecedented external challenges”. The Minister also highlighted that “the issue is how we as a country took advantage of the opportunities that existed during this period to limit the challenges. Through the data it is proven that together entrepreneurship and the State we managed at least satisfactorily”.

“A key requirement in the exercise of economic policy is for the country to achieve high rates of economic growth”

He also said that “a key issue in the exercise of economic policy is for the country to achieve high rates of economic growth. We have done better than the European average”.

And he quoted the forecasts of the European Commission, saying that “according to the Commission, Greece will have twice the economic growth rate this year than the average European average and next year, a more difficult year for Europe, Greece will have three times the rate of economic growth . That is, every year we are doing better and better than the European average. This is an element of collective success.”

“2022 will be a record year for foreign direct investment in Greece”
The Minister of Finance also stated that “a requirement of entrepreneurship is for this development to be sustainable. Key components of the country’s wealth such as investment and exports should grow at a faster rate than consumption. And here we succeed at least satisfactorily.”

Finally, he underlined that “2022 will be a record year for foreign direct investment in Greece, as well as for exports. According to the Commission, Greece will be the champion among all the countries of the European Union in the period 2022-2024 in terms of investment growth rate”. While, in terms of export activity, he noted that “we have come to have exports as a percentage of GDP at around 41%, passing countries such as Italy, France and Spain and approaching countries such as Portugal”.