Greece Deputy Foreign Minister Ioannis Magriotis spoke at a luncheon organized by SAE’s Business Forum and Hellenic American Chamber of Commerce
NEW YORK.- by Apostolis Zoupaniotis
The role of Greece as a window for investing to the Balkans and the Black Sea, was the theme of a speech by Greek Deputy Foreign Minister, Ioannis Magriotis, at a luncheon organized at the Harvard Club in Manhattan, by the Greek-American Chamber of Commerce and the Business Forum of the Council of Hellenes Abroad (SAE). Ioannis Magriotis invited the more than a hundred Greek American businessman and Community leaders to use the advantages Greece offers to investors and participate together with Greek businessmen in joint ventures in Greece and in the wider area.
Modern Greece, he said as a member of Eurozone has a stable economy and the highest rate of growth in the whole Europe, that is guaranteed to last until at least 2008. Greece is expected to receive financing of 48 billion Euro during the period 2000-2006 from the 3rd Community Support Framework. This significant amount will be allocated evenly across the country and in combination with completion of major infrastructure projects, it will lay the foundations for further long-term development. Inflation for the period 2000-2004 will remain low and is not expected to exceed 2.4% per year.
The 2004 Olympic Games are the largest area of public investments at this moment in time. The total budget for preparation for the Games will reach 5.6 billion Euro, including participation in the overall amount by the European Union and private capital. In addition, private sector makes significant investments.
Mr Magriotis spoke of the efforts PASOK government takes to make changes and fight bureaucracy and negative incentives. “Despite the big steps undertaken. More change is necessary. But we are on the right track”, said the Deputy Foreign Minister, promising that now Greece can help many of the initiatives and the goals of the Greek American Community.
Finally he announced the establishment of a SAE office in New York, in order to coordinate the business and other community efforts.
Charles Marangoudakis, SAE’s Secretary, informed the participants about Business Forum and invited them to take part.
“In order for SAE to be more effective, we have created five different forums, one of them the Business Forum“, he explained. Business Forum has its own board, made of 40 members, businessmen from all around the globe, and Bill Ioannides is its president. Business Forum’s representative in New York is Spyro Garryfalis. One of its duties is to promote events like this one, to create a global network of Greek businessmen, to promote, encourage and facilitate business and economic activities and relationships for the Hellenes all over the world and in particular between the Americas and Greece, providing thus new opportunities to its members and Hellenism”, Mr Marangoudakis explained..