Fraport helps FDI climb to decade-high
The inflow of foreign direct investment (FDI) last year reached its highest since 2008, amounting to $4.046 billion and recording a year-on-year rise of 31 percent on 2016's $3.069 billion, according to a report by the United Nations Conference on Trade and Development (UNCTAD).
This figure came about thanks to Fraport Greece's investment in the utilization of 14 regional airports, a process completed in April 2017. That transaction gained a special reference in the "World Investment Report 2018," along with the acquisition of 67 percent of Piraeus Port Authority by China's Cosco.
There was also a significant increase in the total FDI stock in Greece, as at end-2017 the sum of foreign capital invested amounted to $32.37 billion, up from $25.17 billion at end-2016. This rise is not only seen in absolute figures but also in gross domestic product terms: The FDI stock...
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