Investments of 37.6 bln in two years

By Dimitra Manifava

Investments amounting to 37.6 billion euros have come to Greece since the change of government in June 2012, Development Minister Costis Hatzidakis announced on Wednesday, citing a survey by the Center for Planning and Economic Research (KEPE).

Nevertheless, more than a quarter of that – some 10 billion euros – remains in the planning phase, as does the development of the old Athens airport at Elliniko, the construction of the Trans Adriatic Pipeline (TAP) and the investment plans that have entered the fast-track licensing system.

The investments also include 5.5 billion euros for the construction of parts of the country’s main highways, privatizations totaling 3.13 billion, corporate share capital increases, mergers and acquisitions amounting to 4.67 billion euros, and the share capital increases of the four systemic banks, worth 8.1 billion euros, not including Fairfax’s investment in Eurobank.