Saturday, November 25, 2006

Alogoskoufis' Interviews

Extended by the Greek FinMin from the USA

Invitation to Investors
17 Nov 2006 23:34:00

Sources: ANA

Greece constitutes the ideal business partner for US corporations wishing to invest in the country and have an active role in the growth of the wider region of SE Europe and Mediterranean, underlined the Greek Finance Minister Giorgos Alogoskoufis while addressing the businessmen who attended the proceedings of the 8th Annual Capital Ling Forum on Investing in Greece


Access to a network of more than 1,000 banks in SE Europe, the cooperation prospects with as many as 3,500 Greek enterprises doing business in the area and the participation in infrastructure works also underway in the area, are some of the comparative advantages investing in Greece entails, claimed Alogoskoufis.

Earlier the Greek Finance Minister had made a detailed reference to the progress of the country’s economy, making it clear that all steps taken resulted from a well-thought-out implementation of the Government’s reform programme. He also noted that Greece has assumed a leading role aiming to promote growth in the wider area.

Alogoskoufis assured that the Greek Government has no intention of slowing down, pointing out that the privatization programme will further include both the banking and transport sector.

The economic environment has radically changed, said Alogoskoufis, extending a new invitation to investors whose past efforts had fallen flat.




Alogoskoufis' Interviews

The Greek Finance Minister’s visit to New York captured the international media’s attention. Alogoskoufis gave interviews to magazine Business Week, BBC World and Bloomberg TV channel.

In his interviews, Alogoskoufis focused his attention to the fiscal adjustment, the reduction in deficits and the remarkable growth rates, which are higher than the Eurozone average. He also touched on the promotion of reforms and their role in the growth of the Greek economy. Alogoskoufis did not miss referring to the tax reform and the impetus it offered to entrepreneurism. As he underlined, tax on businesses dropped by 10 points to 25%, while the basic tax rate on natural persons will also fall to 25% from 30%-40%. He then went on to underline the need to boost the Greek economy’s outward looking policies and further highlighted Greece’s role in SE Europe. Finally, he commented on the importance of the denationalization programme, and in particular on Emporiki Bank’s denationalization process, which has been concluded, and that of the Hellenic Telecommunications Organisation (OTE) which is underway.

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