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> Economy

Greece got 37.6 billion euros in investment over 2-year period

GDP sees positive effects on the market and society due to the growth rate that shows sacrifices were not in vain, says KEPE

Newsroom October 12 05:35

Greek investments totaled 37.6 billion euros from June 2012 to June 2014, says a study of the Centre of Planning and Economic Research (KEPE),on Sunday.

The ongoing study so far was presented by KEPE’s President, Nikolaos Filippas, in an interview with Greek daily Eleftheros Typos.

“However we have many examples, like those of (former) Hellenikon (airport) and Oxia (island) properties, which have been postponed due to court proceedings,” said Mr. Filippas.”On privatizations, there were definitely significant delays while the interest was limited, mainly because of the increased risk and low credit rating of the country.”

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KEPE’s estimates on the growth rate of the economy, Filippas says that KEPE’s estimates are similar to those presented in the government’s draft budget for 2015 with a growth forecast for 2.9%. For the first two quarters of 2015, growth rates of 1.85% and 2.07% are expected.

The GDP growth rate will have substantial and the effects of this can be seen on the markets and on society, as people will feel their sacrifices were not in vain.

Mr. Filippas also noted that Greece successfully returned to the international markets in 2014 and presented “twin” surpluses for the first time since 1948.

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