Greece sees investments as economic crisis' way out

Athens: Investment opportunities in Greece, along with best practices within the framework of sustainable development and growth prospects were the main topics of a conference held in Athens Wednesday.

IANS| Updated: Nov 06, 2014, 06:49 AM IST

Athens: Investment opportunities in Greece, along with best practices within the framework of sustainable development and growth prospects were the main topics of a conference held in Athens Wednesday.

Addressing the conference Finance Minister Gikas Hardouvelis appeared optimistic over the rate of investments in Greece, saying that the consistent effort of Greek economy should be on attracting new investments, Xinha reported.

He said over 20 multinational companies have recognised the progress of Greek economy and have invested in Greece in recent years.

"Investment activity shrinked dramatically since 2007, but investments are those that will offer Greece the opportunity to produce and revive," he added.

During his speech, Greek Shipping Minister Miltiades Varvitsiotis praised Chinese-owned COSCO subsidiary Piraeus Container Terminal (PCT) deal at Piraeus Port as the most successful model of foreign investment in Greece amidst the economic crisis.