Pitsiorlas: Expansion of 'Golden Visa' Program, Shipyards Privatization Priorities for Oct-Nov

Pitsiorlas: Expansion of 'Golden Visa' Program, Shipyards Privatization Priorities for Oct-Nov

The expansion of the "golden visa" foreign investors incentive program and the privatizations of shipyards are among the priorities of the Economy and Development Ministry, Alternate Ministry for Industry Stergios Pitsiorlas said on Wednesday. At a press briefing on the ministry’s plan over the next two months, Pitsiorlas said that the focus would be on upgrading industry’s role in Greece, including the option of setting up a ministry for the purpose. A new bill being drafted will expand the golden visa program of residence permits granted to property purchases in Greece. It will be offered to investors spending 400,000 euro in the bonds or shares of real estate investment companies, or in deposits at the country's banks. The visa will also be offered to foreign investors placing 800,000 euro in Greek government bonds.

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