Investments increase 8.6% despite the pandemic, says minister

Investments increase 8.6% despite the pandemic, says minister

The Elliniko development project will change Greece’s image and create a new urban hub within the capital city, Development & Investments Minister Adonis Georgiadis told The Economist’s 25th Roundtable with the Government of Greece in Athens on Friday.

The minister noted that some 10,000 jobs will be created during the construction phase and another 70,000 when the residential development is in full operation.

“It is a green project that meets all environmental protection standards,” he said.

“It will change the lives of the area’s inhabitants and neighboring municipalities will also benefit because land value will increase. We sold the project for 1 billion euros and this money will go back to all Greek citizens,” the minister asserted.

Getting the project off the ground took three different governments, Georgiadis pointed out.

On the country’s economy, the minister said that investments went up by 8.6% in the first quarter of the year, despite the pandemic.


Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.