Ampa CEO: Ease doing business

“Bring all your young people back to Greece, create an environment where it will be easy to start businesses and make it easier to finance those new businesses.” This is the advice offered to the Greek government by Shlomi Fogel, CEO and major shareholder of one of the largest groups in Israel, Ampa Capital, with activities in ports, hotels, real estate, finance, industry and agriculture.

Fogel told Kathimerini the key to Greece’s recovery is to focus on its strengths and cutting taxes. This is a message he also conveyed to Greek Prime Minister Kyriakos Mitsotakis at their meeting in Jerusalem last week.

Bring back all your young people, create an environment where it will be easy to start businesses and arrange for their financing. Build infrastructure! Reduce corporate taxation so that people will want to start their own business. Downsize the public sector, digitize the land registry, improve and digitize state management so that bureaucracy does not hold back entrepreneurs.

Greece must focus on its strengths: tourism, shipping, ports, logistics, advanced technology and agriculture.

Build infrastructure, educate your people about the technology industry and reduce corporate taxation with that money.

Young Greeks are talented and capable. They, along with experienced entrepreneurs, must join forces with the government to improve technology production and pave the way for pension funds to invest in high-tech businesses, for creating new industries and jobs.

Speaking to Kathimerini, Ampa’s chief executive officer Shlomi Fogel said that the key to Greece’s recovery is to focus on its strengths and cut taxes. This is a message he also conveyed to Greek Prime Minister Kyriakos Mitsotakis at their meeting in Jerusalem last week.