Episode 20: Marinos Giannopoulos, Enterprise Greece
In this episode of the IDEEA Podcast, the conversation revolves around Greece's recent economic developments and its potential as an investment destination. The participants are enthusiastic about the country's improved investment ratings, with both Fitch and S&P affirming Greece's BB plus rating with a positive outlook. This indicates significant progress in the nation's economic conditions and instills confidence among investors, suggesting that Greece is on the path to achieving an investment-grade rating in the near future. However, there's a recognition of the challenge posed by high inflation rates in Greece. Greece has implemented various financial tools and incentives, such as the recovery and stability fund with a flat interest rate proportion, to counterbalance the effects of inflation on investments. This shows the government's commitment to ensuring a stable and favorable investment climate for both local and international investors. Marinos acknowledges the need to promote Greece as an all-year-round destination to mitigate seasonality risks. The government's efforts to develop thematic tourism experiences, such as spa retreats and wellness getaways, aim to attract tourists beyond the traditional summer months, thereby diversifying the country's tourism revenue streams. Lastly, the conversation briefly discusses the recent change in government in June. The new government is commended for its focus on modernization, digitalization of public services, and pursuit of fiscal targets. This vision, along with the stable economic trajectory, positions Greece as an attractive destination for long-term investors seeking growth opportunities and stability.