Declan Costello, Deputy Director-General of the European Commission’s Directorate-General for Economic and Financial Affairs, says Greece’s efforts to tackle structural problems have paid off, enabling the country to respond to the effects of the pandemic, while counting on the credibility of the markets.
Finance Minister, Christos Staikouras, says timely fiscal and liquidity measures have served to mitigate the impact of the pandemic, while the pace of reform implementation has accelerated.
With Greece having officially kicked off its 2021 tourism season on May 14 on the back of a new campaign dubbed “All You Want Is Greece,” the country’s Tourism Minister, Harry Theoharis, says visitors can travel across Greece under conditions of absolute health security, while also discussing the prerequisites for the resumption of extra-EU travel, and investment opportunities in the post-pandemic era.
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.
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.
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