Dozens of top-level speakers from Greek and international governments, as well as business and financial communities offered an insightful blueprint of the state of the Greek economy during the “23rd Capital Link Invest in Greece” Forum which was held on Monday at the Metropolitan Club in New York.
Within the context of the Forum the New York Stock Exchange in cooperation with Capital Link organized a special ceremony in honor of Greece called “Greek American Issuer Day at NYSE.”
To honor the occasion, Dr. Nikolas P. Tsakos, President and CEO of Tsakos Energy Navigation, and Christos Staikouras, Minister of Finance of the Hellenic Republic, rang the opening bell.
It’s 🇬🇷 #Greek time at @NYSE bell-ringing ceremony! @cstaikouras @adonisgeorgiadi @npapathanasis @MinDevGR pic.twitter.com/lvYWdhHldR
— Consulate General of Greece in New York (@GreeceinNewYork) April 12, 2022
The annual Forum this year was called “Capital Link Invest in Greece Forum: A New Era – A New Direction for Greece.”
It is the longest-running investment forum about Greece abroad, engaged in a systematic effort to promote Greece as a business and investment destination to a global audience.
With a 23-year track record, this Forum enjoys unique branding, acceptance and support by the US, Greek and Greek American business, investment, and financial communities.
Greek PM Mitsotakis: Our appetite for reform remains undiminished
The Forum was addressed via video link by Greek PM Kyriakos Mitsotakis who presented an uplifting assessment of the Greek economy noting high growth rates and lower unemployment achieved, as he said, by his government’s reforms. “I can assure you that our appetite for reform remains undiminished,” he assured everyone present.
He stressed that the recovery of the Greek economy in 2021 “was even more dynamic than expected, and will exceed pre-pandemic levels by the end of the year.”
He warned however that 2022 “is not proving to be less turbulent than in previous years” due to the war in Ukraine and the pandemic which continues to be an issue.
Mitsotakis noted that large multinationals make significant investments in various sectors from tourism to data centers and from renewable energy sources to semiconductor technology. He also said that Greek companies are becoming more competitive, dynamic, and extroverted in their quest to excel in an ever-changing world.
“In this context, it is not surprising that many Greeks who left the country during the crisis are thinking of returning – and this is happening. Their experience abroad is a valuable asset for us. As new opportunities arise, more Greeks in the so-called brain drain generation will choose to take advantage of them,” the Greek PM added.
Invest in Greece: Country has made a dynamic comeback in the global markets
Capital Link says that Greece has made a dynamic comeback in the global capital markets and the global investment community, but this is only the first step.
Looking ahead, despite the challenges stemming from the pandemic, there is a new reality and potential in Greece today. Modernization and Investments” are at the heart of the “Greece 2.0” program, the largest plan developed in the modern history of the county aiming to change the economy model, transforming it into a competitive and extroverted one with a digital and efficient state.
The approximately EUR 31 billion that will be disbursed by the Recovery and Resilience Facility–in addition to the funds from the European Development Programs included in the new EU budget for the period 2021 to 2027–can be the foundation for Greece to attract the significant and additional foreign investments that the country needs.
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