Impressive Growth of the Economy and Investments in Greece

My friends, thank you for your support! Following your recent questions, I have decided to publish a series of articles on the growth of the economy and investments in Greece, believing that in this way, I will be able to respond to these questions while providing responsible information to all interested parties.

Today, Greece is the first country of investment interest in Europe and one of the most attractive investment destinations in the world. Its growth rate reaches 5.4, with a strong banking system, modern tax policy, state modernization, and support with free money and investment facilities. CEOWORLD magazine has placed Greece in the Top 5 countries for expat retirement in 2024 after releasing the “Global Expat Retirement Index 2024 Survey”, a guide listing the countries that offer the most stability for those thinking of retiring abroad.

Today, in Greece, considered a financial destination, huge modernization projects and large investments are being made that change the landscape even in Athens with the creation of the Athenian Riviera, the largest project in Europe.

Huge investments are made in real estate, houses, offices, construction, markets, hotels, the food industry, transport, logistics, air transport, trains, e-commerce, the pharmaceutical industry, petroleum, the paper industry, printing, wood, cultivation, production energy, maritime transport, in the provision of services and the transfer of technology and production facilities from other countries.

The payroll costs are relatively low, the labor insurance contributions the same, and the possibility of special potential achievable, together with transfers from abroad.

Of course, there are other investments besides the main references above.

Let’s look at some official figures noting that the primary and secondary sectors have large margins, such as manufacturing, food, beverages, tobacco, pharmaceuticals, petroleum, electronics, chemicals, plastics industries, building construction for workers, e.g. hotel staff, students, investment companies, the health sector.

The increase of investments in Greece for the previous year reaches 48.2% and if compared to the pre-COVID era, 76.8%!!! The countries Luxembourg, Switzerland, Germany, China, Hong Kong, France, USA, Canada, Turkey, Cyprus, and Italy invested and are investing in Greece. The official figures are: services 70%, secondary sector 15%, primary sector 2%, and other investments 13%. There is great interest and investment in the production of finished products.

I hope I answered your questions. I will come back with a new article and update on these topics. For any questions, I remain at your disposal.

Written by Fotis Pantopoulos.

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