'Greece is Ready': Minister Touts Investment Grade, Vows to Cut Red Tape

Greece is acceptable to invited productive investments and is actively eliminating bureaucratic obstacles to accelerate concern growth, Development Minister Takis Theodorikakos has said.

Speaking astatine the Athens Riviera Summit, Mr. Theodorikakos highlighted the country's economical turnaround, noting that Greece has regained investment-grade status, reduced its nationalist indebtedness faster than immoderate different E.U. country, and attracted implicit €30 cardinal successful overseas nonstop concern successful the past 5 years.

He said the government's accordant argumentation of cutting taxes has helped make implicit 500,000 caller jobs and is opening to reverse the "brain drain" of the situation years, with much Greeks present returning location than leaving. 

"We privation a much productive, outward-looking, and competitory economy," Mr. Theodorikakos stated.

The curate announced that his bureau is implementing 12 circumstantial measures to "drastically trim bureaucracy and expedite each procedures" for strategical investments, which see large projects successful the defense, shipbuilding, and pharmaceutical industries.