Dead­locked in­vestors

Kathimerini English - - Front Page -

Any for­eign in­vestor who is con­sid­er­ing in­vest­ing in Greece first takes the very log­i­cal step of ask­ing those who’ve in­vested here in the past if they ran into any prob­lems in do­ing so. The re­sponses are usu­ally quite de­press­ing and dis­cour­ag­ing to say the least. Red tape and ob­sta­cles raised by the state all too of­ten serve as im­ped­i­ments to prospec­tive in­vestors. Large-scale in­vest­ments, which the coun­try so ur­gently needs, fre­quently find them­selves caught in a dead­lock – a case in point be­ing the huge gold-min­ing project at Sk­ouries in Halkidiki – due to the usual bu­reau­cratic and po­lit­i­cal prob­lems. So, if the gov­ern­ment is dream­ing of an in­vest­ment boom, it must first un­block in­vest­ments that have been frozen due to these con­stant ob­sta­cles, or stop of­fi­cials from within its own ranks from wag­ing war against the idea.

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