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 Investor Guide
A daily dose of news and trends about the Greek economy & highlights of business and investment opportunities.
#Greece #Greek #invest #GreekEconomy
British tourists are clearly ready for some summer sun ☀️. UK 🇬🇧 Prime Minister Boris Johnson made an announcement that summer travel could open up as soon as May 17, resulting in a 500% surge in bookings compared to just a week ago, reports TUI...
Greece has big plans for the 2021 tourism season: Prime Minister Kyriakos Mitsotakis has indicated that the country is aiming for the sector to reach ⬆️ 50% of the levels it had reached in 2019.
“It may seem paradoxical to think of #Greece as an emerging wine producer, considering the ancient lineage of its grape vines and wine production.
But in the global marketplace of fine wines, that’s exactly how Greece should be seen.”
So Ancient, Yet So New: Gorgeous Red Wines From Greece
While the country is better known for its white wines, it also produces distinctive, superb reds from a number of little-known grapes.
Join us tomorrow for the launch of #InnovativeGreeks, a community which aims to unite innovative Greeks from all over the world.
#innovation #entrepreneurship #endeavorgr
Innovative Greeks Launch Event | LinkedIn
SEV Hellenic Federation of Enterprises and Endeavor Greece bring together the global Community of Greeks who create ...
According to a study by Marathon Venture Capital, Greek start-ups drew $386 million in investments in 2020 - a whopping 💥39 times💥 the amount invested in 2010. In the past 10 years, total investment in start-ups hit $1.34 billion 📈...
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.