Foreign direct investment

On October 3 EY will exclusively present the findings of the research it is conducting on a global scale titled "EY Attractiveness Survey, Greece 2023," at the 6th InvestGR Forum 2023: Greece, Staying the Course - the first presentation of the findings in Greece.

Property investments from foreigners wishing to secure a Golden Visa have brought in at least €10 billion, professionals in the real estate sector say.

At the same time, they have skewed the market, as Greek property owners have inflated their asking prices in the hope of attracting this category of investor.

The government hopes its decision to double the minimum amount of property purchase at certain prime locations for a Golden Visa to €500,000 will dampen the excessive rally in prices and will make the market more accessible to more people, especially in areas such as Piraeus (photo).

Members of the International Investors Association (YASED) are planning $7.1 billion worth of direct investments in Türkiye in the next six months, its chairman Engin Aksoy has said.

The May elections did not stop international direct investments however they could have been at better levels considering Türkiye's potential, Aksoy told a press conference in Istanbul.

The Hellenic Federation of Enterprises (SEV), in association with ALBA (the Graduate Business School of the American College of Greece), is organizing its seventh cycle of scholarships for the educational evolution of its members' officials.

The first five months of 2023 saw real estate purchases with a total value of 975 million euros coming from investors from third countries interested in obtaining a residence permit through the Golden Visa program.

Foreign direct investment in Greece registered a historic high in 2022, according to data from the United Nations Conference on Trade and Development (UNCTAD).

Its annual report on FDI, World Investment Report 2022, showed its value in Greece at $7.604 billion last year, against $6.328 billion in 2021, up by 20.2%. 

The stock of foreign direct investments (FDI) in Slovenia amounted to €20.2 billion at the end of 2022, up by 7.6% compared over the year before, shows a report by the Bank of Slovenia.

Austria remained the largest investor and accounted for 22.7% of FDI at the end of last year, with investments primarily in manufacturing, trade, and maintenance and repair of motor vehicles.

The National Assembly has unanimously endorsed a bill to extend a mechanism whereby the government can screen potentially risky foreign direct investment (FDI). However, investors from EU countries will now no longer be deemed foreign.

Treasury and Finance Minister Nureddin Nebati has slammed the leader of the main opposition party over his comments on the foreign direct investments (FDI), saying that FDI inflows into Türkiye soared in the past two decades.