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Athens News Agency: News in English, 06-07-04

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Steady inflow of foreign direct investments

  • [01] Steady inflow of foreign direct investments

    Foreign direct investments in Greece are moving in satisfactorily levels over the last few years, as foreign enterprises investing in Greece rose in numbers, while foreign enterprises already based in Greece were re-investing their profits, a report by the Hellenic Center of Investments (ELKE) said on Tuesday.

    The report is based on figures released by the Bank of Greece and follows data published by international organizations.

    ELKE said its analysis fully coincided with a recent report by the Organisation for Economic Cooperation and Development, although an accurate examination of capital inflows and outflows showed that inflows of foreign direct investments totalled 3.149 billion euros in 2005 after inflows of 3.430 billion euros in 2004.

    On the other hand, capital outflows by foreign investors totalled 2.661 billion euros in 2005, from 1.74 billion euros in 2004, reflecting higher repayment of loans to parent enterprises.

    Yiannis Anastasopoulos, ELKEās president, said foreign direct investmentsā inflows continued strong in 2005 with a slight divergence from 2004 reflecting a huge volume of takeovers of Greek enterprises in 2004. Anastasopoulos forecast strong interest this year and a significant inflow of foreign direct investments in the country this year.


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