Over the past three decades, German investments in Greece have helped modernize the country, and they will continue to do so through flagship projects from Volkswagen, RWE and Fraport, German Ambassador to Greece Ernst said on Tuesday. Reichel at a conference.
Speaking to the 5th German-Hellenic Economic Forum which was launched online, Reichel spoke of German investments made over the past 25 years in telecommunications infrastructure and pharmaceuticals, âwhich have essentially contributed to what Germany secures the position of the largest foreign investor in Greece. “
“Above all, these investments have contributed to the modernization of the country and have made it possible to secure many jobs during the difficult economic years that Greece has left behind,” he noted.
On Twitter, the ambassador wrote that “the iconic investments in Greece by Volkswagen, RWE or Fraport go beyond rhetoric, have scale and substance”.
New attractive investment opportunities in Greece are emerging from the economic stimulus plan drawn up by the government entitled âGreece 2.0â, as part of the European Union’s NextGenerationEU stimulus fund, and âwhich rightly benefits from a large recognition, âhe said. The sectors of digitization and green energy are in the foreground, he stressed, adding: âI am happy that the Greek government is represented here today by various ministries in order to discuss with men of German affairs.
It is rather positive, Reichel stressed, that the Greek government attaches so much importance to economic and technological cooperation with Germany, and that the months-long pandemic has not crippled the country’s economic transformation and reforms to improving the economic climate.
Despite the coronavirus pandemic, Greek-German economic relations have shown an upward trend, noted Volker Trier, CEO of foreign trade of the Association of German Chambers of Commerce and Industry (DIHK), speaking at the meeting. of the event organized by the German-Hellenic Chamber of Industry & Commerce. This increase could be described as unique and impressive, he continued. German exports to Greece increased by 10% and German imports from Greece by more than 23% compared to the previous year.