Multinationals want stability in politics, taxation before investing

Investors want to see a series of reforms and improvements in Greece before placing their money in an economy which holds significant potential, according to two surveys presented at an investment conference on Tuesday in Athens.

Greece may well be an increasingly attractive destination for investments, but the absence of a stable legal and regulatory framework and the delays in justice are preventing foreign direct investments from reaching their potential. In 2018 FDI expanded by 12.5 percent from 2017 to reach 3.6 billion euros, rising for the third year in a row, per the Bank of Greece.

A survey of 40 CEOs at multinationals in Greece, presented by economics professor George Pagoulatos at the InvestGR forum, showed that what foreign companies want to see before they invest in Greece is economic, social and political stability, an investment-friendly tax system,...