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Australian Interest in Greek Investment Growing, Says Ambassador

Kate Logan, the Australian Ambassador to Greece, Bulgaria and Romania (left) and Yiannis Dragasakis, Greece’s Deputy Prime Minister (right). Photo by

Australia’s interest in Greek investment is growing all the time, stated Australia’s Ambassador to Greece Kate Logan at a meeting on Thursday with Deputy Prime Minister and Economy Minister Yiannis Dragasakis.

Of particular interest to potential investors are the sectors of tourism, logistics and real estate, she added.

Dragasakis noted that the Greek government is currently implementing a strong reform program, as set forth in the Comprehensive Strategic Growth program. The program aims to boost growth, simplify and improve the business environment, modernize public administration and limit bureaucracy, as well as accelerate the judicial process.

The Minister underlined that making Greece attractive to investors is a priority, particularly for long-term investments. This type of venture capital creates new jobs that will contribute to the reform of the economy as a whole, with emphasis on extroversion and innovation.

Both agreed that the successful result of the ongoing free trade agreement negotiations between the EU and Australia will contribute to the lifting of existing trade barriers. Trade relations overall between Greece and Australia should also improve, especially regarding Greek exports and the penetration of Greek products into the Australian marketplace.

With information from A.M.N.A.

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