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With €2.5 billion worth of PV projects earmarked for development by 2030 and investments yields that are, comparatively, close to 30% higher than its Northern EU counterparts, Greece’s solar energy market presents a “higher-risk”, high-reward scenario, says Sotiris Kapellos, President of the Hellenic Association of Photovoltaic Companies, while stressing that the key to reaching Greece's solar energy capacity targets is the simplification of its long-winded licensing procedure.
Greece is taking steps to simplify its investment migration programmes, building upon the success of its lauded Golden Visa, says Notis Mitarachi, Minister of Migration and Asylum, with targets set on the creation of a fast-track office at the Ministry, and 2021 lined up to have a greater emphasis on capturing global human and financial capital.
Spain’s Ambassador to Greece, Enrique Viguera, says Greece’s pro-business environment, coupled with regulatory and strategic similarities between both countries, create significant potential for investments at a bilateral level, underlining food processing and the naval defence Industry as key areas where Spanish companies could widen their footprint.
While a minimum of €3.5 billion worth of investments are required to meet Greece’s ambitious 2030 wind energy target, “they are realistic and can be achieved,” says Panagiotis Papastamatiou CEO of the Hellenic Wind Energy Association, yet harnessing the sector’s true potential, he adds, including the development of offshore wind power will require decisive actions on behalf of the government and definitive decisions.
While the shipping industry will have to wait until 2022 for its touted biannual expo and conference, the organiser of Greece’s Posidonia Exhibition is delving into the digital world, says Theodore Vokos Managing Director of Posidonia Exhibitions, yet stands by the added value of physical events and safeguarding the return of a multi-billion euro global industry.
The legislative overhaul of Greece’s blue economy is going to benefit the state, the shipping industry, and the people, says George Pateras President of the Hellenic Chamber of Shipping, stressing the need to upgrade and modernise the country’s maritime academies while establishing a level playing field for Greece’s yachting fleet.
Growth, consolidation, digitisation, and a customer-centric approach are at the core of Attica Bank’s strategic plan, says Chairman Costas Mitropoulos, who believes Greece’s fifth largest lender will become the country’s first zero-legacy NPL bank by the end of this year.
Greece’s new National Development Plan will be delivered by the end of September, says Minister of Development and Investments Adonis Georgiadis. Set to be a lever for the country’s economic diversification and digitisation, the consolidation of micro-enterprises, and the attraction of green investments, the plan is the key to unlocking an estimated €32 billion earmarked for Greece through the EU Recovery Fund.
A €612 million investment plan is “absolutely necessary” for Greece’s largest port to maintain its attractiveness and comparative advantage, says Yu Zenggang, BoD Chairman of the Piraeus Port Authority, adding that the Port of Piraeus can take further advantage of its geostrategic position to become the first European port after the Suez Canal that bridges all available transport modes.
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While the risk of investing in Greece’s solar energy market may be higher than its Northern EU counterparts, so is the reward. But what should prospecting companies know before delving into one of Greece’s hottest sectors?
The past 5 months have shown that the construction industry is still strong, driven by demand from foreign investors. ELSTAT reported that Greece saw 2,116 building permits, which constituted a 12% increase. And in private construction specifically...
Thanks to continued high demand, multinational travel company TUI will be extending Greece’s tourist season, calling the country its “most important destination” and bringing more flights and cruises to the country through November.
Greece’s privatisation agency HRADF reported three new bids for Kavala’s nearly-depleted offshore gas storage facility, which has a capacity of one billion cubic metres.
A one-day regional summit yielded a Memorandum of Understanding between the American Chambers of Commerce in Greece, Cyprus, and Egypt. This MOU is heavily supported by U.S. Ambassador to Greece Geoffrey Pyatt...
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