Greek officials: Greece’s most attractive investment projects in energy

Capital investment in sea ports, air ports in the near future the project will be gradually disclosed
Jue Hui Ye Shanghai newspaper correspondent reported Despite the slowdown in the privatization process on the Greek news after another, but the new Greek government and the Investment Promotion Bureau officials still do can appease the market, opening up the domestic infrastructure building, stepping up to attract investment in various countries including China.


 International Monetary Fund (IMF) said in a report, due to the banking industry uncertainty, and poor market conditions, Greece € 50 billion privatization plan target has been deferred for two years, an estimated 2017. A few weeks ago, the European Union special task force for the assessment report released by the privatization of Greece also showed the same concerns, they have lowered the target timetable for the privatization of Greece.

Greek government not to privatize the sincerity no one can see, but for investors involved in this high-risk areas still have reservations about, especially the privatization of most of the projects is not a small amount of money the size of the basis for greater demand construction and other investments. The first Austrian savings bank managing director Francois Varser 维尔达利尼 (Fran? Ois-Xavier d’Aligny) said to the reporter: “Because of these state-owned enterprises to be privatized and infrastructure project management and internal staff’s strong opposition, investors often need to invest a great deal of effort to straighten out to be the investor’s internal governance structure, piece of the costs and risks are high. “ Nonetheless, China there is still a steady stream of investment projects enter Greece, in its major ports, utilities and other infrastructure construction investment is huge. reporter interviewed the Greek Investment Promotion Agency (Invest in Greece) Lindstedt Jimenez Singh CEO Ross (Aristomenis M. Syngros), for he remains optimistic about the recent investment in China, for “investment policy” one that he said “I can only see the positive side of these policies.” Greece Investment Promotion Bureau is the official investment promotion agency of Greece, designed to promote and facilitate private investment.

Singer Ross in January 2011 was appointed chief executive of the institution. Greek privatization slowed down? “21 century”: the new government took office, for the implementation of the EU’s efforts to rescue the reform program? How do you view the new government’s efforts to attract foreign investment? Singer Ross: The new government received a majority of political parties in Greece, the Greek people and our EU partners. The new government’s task is clear: to develop and implement the reforms Greece needed to make the Greek re-balance and good financial prospects of economic competitiveness.

 There is no doubt that the new government will face many difficulties, because this is the world’s most challenging and ambitious program of reform. But at the same time, this is also an investor can fully seize the opportunity the moment. Prime Minister Papademos have a clear statement: The Government is committed to the implementation of structural reforms to promote competitiveness of the Greek economy.

 European Union special task team leader Horst Reichenbach said that technical assistance for the Greek government has two goals, making the return to economic growth in Greece, public debt stabilized. All these indicate that, at this critical transition, the new government’s reform efforts will have the opportunity to Greek business to benefit from a variety of investment elements. we should remember that in 2010 the Greek government’s public deficit reduces 31.82%, Greece’s GDP is expected to resume in 2012 to 0.9%.

 These are the result of efforts will greatly promote the investment environment in Greece. “21 century”: recent news on all expressed concerns about the privatization of Greece, before the investigation team from the European Commission and the IMF released a report last week’s report, the privatization of Greece to achieve the original goal highly unlikely. Greece blocked the privatization, the investment environment in Greece will cause the effect?

 Singer Ross: We must note that although the EU task force report adjustments in their schedule for the privatization process in Greece, but still expressed “cautious optimism”, and pointed out that the privatization process of the revaluation The main reason is down and the euro area economy as a whole growing debt crisis. In addition, because before that time the new Greek government needs to harmonize its economic reform objectives and their implementation in the paper, lack of investor confidence in investing in Greece, but the new government quickly determined that all, and November 29 of the next EU summit also identified a number of aid disburse the funds, so far to stabilize investor confidence. New government commitment to continue implementation of the reform program to ensure that creditors continue to fully implement privatization.

So I reached a few years later to Greece to raise 50 billion euros have enough confidence in the long-term goals. Greek government plans to privatize the assets covering many aspects, including state-owned enterprises, infrastructure projects and real estate, there are very attractive to international investors, it is worth looking forward to long-term returns. “21 century”: the privatization of Greece’s role in promoting foreign investment, where? Singer Ross: Greece is driving the privatization of a number of important industry continues to openness and liberalization. Currently, the Greek “Investment Promotion Act” for the Greek investment set a new goal, approval procedures and financing instruments for domestic and foreign direct investment provide significant incentives. “fast track investment law” (The Fast Track Law), as its name indicates, is a large strategic investment to accelerate procedures for processing license applications, etc., to provide priority for the window.

Implementation of this law is a critical start to help Greece to reduce bureaucracy, allowing investors to implement their accessibility investments. has a total budget of three billion euros in 12 projects approved by the bill, and the other was about 20 investment projects at present to the relevant ministries for approval. In addition, a new bill is expected to expand the launch of the application of the law, making it equally suitable for only 1 euro private equity business. Just recently, the development, competitiveness and shipping minister Chryssohoidis also proposed “business-friendly Greek,” the draft law is expected soon in Parliament. attract investment in energy projects “21 Century”: We see a lot of Chinese investment has been put into infrastructure in Greece.

In addition to traditional shipbuilding and tourism, the Chinese investment in Greece for what the new trends? The extent to which China is willing to participate in the privatization process in Greece? Singer Ross: China’s investment in Greece is very widely distributed in different regions and industries. We know, China’s largest investment in Greece is China Ocean Transportation Group in the eastern port of Greece皮雷埃夫斯 (Piraeus) to billions of euros in the project. In the coming months, we will see other port projects – including the sea port and air port – will be gradually disclosed. In addition, more Chinese investment in infrastructure concessions including the subject of projects, participate in the privatization of state-owned enterprises, public-private partnership projects, ICT and Bio technology, and mining.

 Of course, the most attractive areas of various types of energy projects. At present, Greece is the EU’s binding agreement to its large energy-saving program, is committed to renewable energy by 2020 (RES) generating capacity reached 20%. Recently, the Guohua sharp wind that, in the Rhodope Mountains in northern Greece (Rhodope) invested 210 million watts of wind farms. at the same time, Greece has recently proposed Helios project (Helios Project) proposal by a number of years to produce 100 billion watts of solar electricity exports to EU countries, to attract $ 20 billion from the European Union the scale of investment . looking wastewater treatment is another area, there are some public investment in this area has gradually turned a profit. “21 Century”: Although many of China’s investment, but many are accused of investment policy, including China’s commercial banks to invest in Greece, low-interest loans for Chinese companies.

For the investment policy statement, how do you think? China’s current and future do these investments, the return prospects? Singer Ross: I can only see the positive side of these policies. In the hope that a win-win approach between technology and through the means of financing, making China the world market. China is expanding its international influence, while Greek investments will greatly facilitate this.