N. Karamouzis in the First: 2021 was one of the best years in Greece in attracting foreign investment (audio)
“2021 is a year where attracting foreign investment has been one of the best we have seen in recent decades in both quality and size and this is a very positive sign. “One of the very positive things about this government is its ability and that of the Prime Minister to sell the Greek product as an investment site,” he said. First Program 91.6 and 105.8 and the show “Net Accounts” with Dimitris Kontogiannis, the President of Grant Thornton Tax and Consulting Services, with a thirty-year course in the Greek banking system, Nikos Karamouzis.
“The second is the recovery fund, an important development that if operated effectively will be a very important catalyst for growth, the 30 billion that will be distributed in long-term low-interest loans, in grants in a number of activities, such as technology and RES and the last one is that there is an incredible liquidity right now in the country. “Banks have billions in deposits of individuals and companies, which in 2021 increased by 20 billion. Businesses go to the capital market and raise long-term capital”, added Mr. Karamouzis.
Regarding the next year, at least for the first half of 2022, every passing day makes things more difficult and the uncertainties grow, Mr. Karamouzis estimated. “I am not so optimistic. The first half of the year develops a series of dynamics in both energy costs and pandemics and inflation, due to a number of unrelated factors that create conditions for reflection and vigilance rather than conditions for excitement. We must not be blind to the fact that what is happening in front of us is a big problem, when the basic price of electricity or gas has increased 8 to 10 times and these have not yet passed to a large extent to consumers. I believe that there will be many difficulties and challenges and that there are not many measures that one can take to solve the energy problem that is 7 times more expensive than a year ago. “Some people think that this change will be temporary, but I do not believe it.”