Prem Watsa

Grivalia Hospitality's new ultra-luxury resort is opening its doors on November 11, after its formal launch on Monday afternoon in Glyfada, southern Athens, in the presence of Prime Minister Kyriakos Mitsotakis and Prem Watsa, head of Fairfax Financial and one of the largest investors in Greece.

Investors and financial analysts placed Greece halfway toward converging with the most developed economies during discussions on the second day of the Delphi Economic Forum on Thursday. Mapping out the next steps after stabilization and recovery, they converged on three pillars: stable government, investment grade and investment, along with reforms.

Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented.

The Greek economy is "in an especially good position," local banks are "extremely well capitalized" and the country's debt will be upgraded to investment grade a few months after the elections.

The head of Fairfax and major shareholder of Eurobank, Prem Watsa, is scheduled to be in Greece in the coming days.

The Indian-born head of the Canadian Fairfax group will - unexpectedly - meet with the Prime Minister, Kyriakos Mitsotakis, while he will make contacts with the biggest customers of the bank.

Under the headline "Strengthened by the coronavirus crisis: Greece wants to become European champion in growth", the German RND network  refers to the forecasts for rapid recovery of the Greek economy after the pandemic, mainly utilizing Tourism and the European Union Recovery Plan .

The creation of an investment-friendly environment that will boost entrepreneurship is the only path that can lead the country to growth, which will in turn create jobs, Fairfax Group head Prem Watsa told Kathimerini last week during a visit to Greece, where he met with Prime Minister Kyriakos Mitsotakis.

An environment that would attract investments and bolster entrepreneurship is the only way that Greece will get back on the path of growth and create jobs, Fairfax Group head Prem Watsa told Kathimerini during a recent visit to Greece, where he met with Prime Minister Kyriakos Mitsotakis.

A meeting on Friday between Greek Prime Minister Kyriakos Mitsotakis and Indo-Canadian billionaire investor Prem Watsa, head of Fairfax Financial Holdings, was "extremely cordial," sources said.

In an interview with Kathimerini, Indo-Canadian billionaire Prem Watsa, head of Fairfax Financial Holdings, expresses optimism that Greece can achieve a strong economic recovery in the coming years.

Apart from Eurobank and Grivalia Properties REIC, a Greece-based real estate investment company, Watsa has also invested in the Eurolife ERB insurance group and other companies.