French direct foreign investments in Greece increased in 2016, recovering after a significant decline recorded in the previous years, official data showed on Monday.
A report by the Greek embassy in Paris, based on recent figures released by the Bank of Greece, showed that French direct foreign investments in Greece totaled 2.1 billion euros, up 9.0 pct from the previous year, ranking fourth with a market share of 8.6 pct of FDIs in Greece, following the Netherlands (5.4 billion euros), Luxembourg (5.1 billion) and Germany (4.9 billion).
French investments in Greece dropped significantly in the 2011-2015 period (with the exception of 2012) due to the economic crisis and uncertainty over Greek economic prospects.
At the same time, Greek foreign direct investments to France rose 39 pct in 2016 to 23 million euros, remaining at very low levels (a market share of 0.1 pct of total Greek FDIs). Greek FDIs to France were down significantly in 2015.
France is a traditional investor in Greece, with around 120 subsidiaries of French groups and enterprises currently operating in the country, based mostly in Athens and Thessaloniki. French firms’ priorities in Greece focus on energy, tourism, basic infrastructure, utilities, transport, health and real estate.
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RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Source: ANA-MPA
