In the context of his address at the opening of the proceedings of the Greek-Lebanese Business Forum, co-organized in Beirut by the Hellenic Ministry of Foreign Affairs, the Greek Embassy in Beirut and the Lebanese Chamber of Commerce, Industry and Agriculture. Deputy Minister of Foreign Affairs Terens Quick noted the following:“After seven years of fiscal adjustments and reforms, which certainly came at a great cost to social and business structures in my country, the Greek economy is now on a new course. Entering a new era.A course that, apart from the commonly acknowledged in the international market positive indicators, now emanates confidence that is helping toward the recovery of major investments in Greece, concurrently bringing about α remarkable fall in the unemployment rate.Addressing Lebanese investors, I invite you, on behalf of the Greek government and within the framework of this important business mission being organized by the Ministry of Foreign Affairs and our Embassy in Beirut, to come to Greece for business activities in profitable sectors such as construction, tourism, agriculture, shipping and so on.”Addressing Lebanese and Greek entrepreneurs, the President of the Lebanese Chambers, Mohamed Choucair, and the President of the Lebanese-Greek Business Council, Gabi Tamer, Mr. Quick highlighted:• The major foreign investment activities under way in Greece, with particular emphasis on COSCO and FRAPORT • The €8-billion Hellenikon project “which cannot be stalled by any red tape,” he stressed • The huge investments in the tourism sector, which began with “Astir Vouliagmenis” and are now moving ahead with the speedy processing of €350 million in international investment requests, submitted to the Ministry of Economy. • The transfer of 100% of TRAINOSE to the Italian company “Ferrovie”• The Public-Private Partnership policy (PPP)Mr. Quick also made special reference to the Stathakis Law, which protects every investor – from the moment an investment is initiated in Greece – from unfavourable changes in taxation, offering investment security and remedying one of the Greek economy’s main disadvantages, for decades, in the attraction of foreign investment capital.The Deputy Minister of Foreign Affairs was introduced at the business forum by the Greek Ambassador in Beirut, Theodoros Passas, who also referred to the contribution made by the Greek community in Lebanon – a significant portion of which is involved in substantial business activities – to bringing the two countries’ business communities closer together.He also underscored that Greece is Lebanon’s fifth largest source of imports and that there is a great deal of room for the balance of trade to improve, thus benefiting both countries.
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