“There is strong evidence that a prolonged recession period can and must be left in the past,” Economy Minister George Stathakis said on Thursday. Addressing an EU-Arab Summit, the Greek minister said the government’s aim was to safeguard the sustainability of a growth outlook.
Stathakis underlined that all forecasts of 2017 see an economic growth approaching 3.0 pct and noted that the biggest challenge was funding of new investments, public, private and joint. He referred to legislative and funding tools used by the Greek government to push the country out of the crisis and to return to positive growth rates. The Greek minister stressed that an improvement of macro-economic climate fully depended on fiscal and financial stability, which is the basic target of the current program 2015-2018. Stathakis said sustainable growth needs not only tourism and shipping, but focusing on exports particularly in sectors with comparative advantage suh as pharmaceuticals, logistics, farm products and energy.
He added that regulatory changes achieved recently were aimed to bring more transparency in public procurement, combat bureaucracy and simplify procedures for the set up and operation of enterprises. He added that 500 applications have been made so far in the first days of implementation of a new development law in the country.
Labor Minister
Greek Labor Minister George Katrougalos, addressing the EU-Arab Summit, said the Greek government seeks to return Greece to a social Europe to play a progressive peacemaking role in promoting prosperity and cooperation between European and Arab countries. He noted that memorandums and extreme austerity policies were a ticket for exiting social Europe.
“Despite continuing challenges, domestic economic environment has stabilized…Implementation of the current adjustment program is progressing smoothly, with Greece keeping all commitments made to its partners,” Constantinos Mihalos, president of the Central Union of Chambers and the Athens Chamber of Commerce and Industry.
He noted that a debt relief program will contribute to a further improvement in the confidence of international investment community towards the country and noted that the domestic business community awaited the implementation of a new series of reforms aimed to further improve business activity environment.
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