By choosing a type you will view all insights related to the category of your choice.
By choosing a topic you will view all Featured Interviews related to the sector or theme of your choice.
With global tech majors looking to grow in Greece, the government is preparing for the long game, explains Christos Dimas, Deputy Minister of Development and Investment, Research, Innovation and Technology, having embarked on a multi-faceted strategy to reshape the country into a leading research and innovation hub. From landmark tax cuts and the creation of a start-up registry across to the development of an innovation district in Athens, and a technological park in Thessaloniki, the goal, adds Dimas, is to make Greece much more attractive with respect to the past and its main competitors in the region.
Having pioneered the development of Greece’s RES sector since the 1990s, Rokas Renewables’ ambitious investment plan is reinforced by the backing of global wind energy giant Iberdrola, with ambitions to add 500 MW of installed capacity by 2025, says Thanasis Tsantilas, Chairman and MD of the Greek-based renewables company. This, he adds, is in addition to the Aegean Link Project, that entails the installation of 706 MW of wind farms on the islands of Lesvos, Chios, and Lemnos and their interconnection to the mainland energy grid.
Be it budding sectors like renewable energy or digital services, or mainstays to the Greek economy like shipping or tourism, the key to harnessing Greece’s potential lies in the creation of an ecosystem that fosters a knowledge-based economy, prioritising lifelong learning, increased employability, and a stable and business-friendly environment, says Leonidas Demetriades-Eugenides, President of the Eugenides Group of Companies, Eugenides Foundation, and IMO Goodwill Ambassador in Greece.
With the energy transition at the top of its agenda, the Greek government has committed to making landmark policy changes to lure “serious investors to engage through a transparent system,” says Alexandra Sdoukou, Secretary General of the Ministry of Energy and Environment, underlining that a reform package targeting energy storage, offshore wind, and the slashing of licensing procedure times will be completed by the first semester of 2021.
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.
Greece Investor GuideFollow
3 companies are moving forward with new floating PV technologies: TERNA Energy plans to expand into this new market, submitting applications to RAE for a production certificate to develop 3 floating PV power parks totalling €170 mn and with a total capacity of 265 MW...
Holidays are top of mind for aspiring travellers, and for many Greece is the destination. The European Travel Commission’s survey found that Greece lands in 4th place for travellers’ preferences for the summer holidays...
Projections for Greece’s recovery are looking strong for later this year, particularly once travel and tourism resume and as Greece taps into the EU Recovery and Resilience Fund.
Renewables are for the first time the dominant power source in Europe’s electric grid https://www.bloomberg.com/news/articles/2021-01-24/renewable-power-beat-fossil-fuels-in-eu-for-first-time-last-year?sref=DzjLIKVJ via @business
Viva Wallet made big strides in 2020, even despite the pandemic - and this bodes well for the company's 2021 outlook. Check out our video here to learn more about Greece's leading FinTech provider.
#greece #greeceinvestorguide #fintech #vivawallet #GIGmadeingreece
Greece Investor Guide (GIG) and the producer of GIG are not registered investment or legal or tax advisors or brokers/dealers. All investment and/or financial opinions expressed within GIG are based on the personal research and experience of GIG's editorial team, as well as on interviews conducted with key players within or associated with the Greek economy. The content of GIG is intended to be used, and must be used, for informational and educational purposes only. You must take independent financial and/or any other professional advice from an expert and/or a professional, and/or you must make independent research and verify any information that you find within GIG and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Although best efforts are made to ensure that all information is accurate and up to date, unintended errors and/or misprints and/or omissions may occur. The producer of GIG shall not be held responsible for any such errors and/or misprints and/or omissions. The producer of GIG shall not, in any circumstances (a) be legally bound as a result of any information contained in this guide or (b) be held responsible for any losses or liabilities that may arise in respect of such information or for any use of such information by any such person.
All rights reserved. Reproduction in whole or in part is strictly prohibited without written permission.