Re real investments: it seems that the large majority of FDI is still in real estate acquisitions . This generates revenues for the government but we know it is not a productive investment. Golden visa was a mistake and should have been better regulated . It contributed to the housing crisis and the resulting "investments" were counterproductive.
Instead of saturated Athens ,the government should have directed golden visa schemes to the impoverished and decaying regions .Greece is not only Athens and some hot islands. The periphery lacks investment. Regional cities are dying out .
Real estate has been an important piece, but it's not the only one. FDI trickles into a bunch of different activities and productive sectors.
The Golden Visa program has been changed in the past year, but much more needs to be done, as it still creates a lot of discrepancies in the local housing market.
The desperately needed investment would be a train network in Greece . The lack of it is holding the country back . Nowhere else to be seen in Europe , a country with one train line ! FDI needs much more real investments. Buying out stakes in Greek companies and bad loans from banks is not real growth either . However, there is good activity in tech start ups and innovation . Hopefully fdi can be channelled there.
Re real investments: it seems that the large majority of FDI is still in real estate acquisitions . This generates revenues for the government but we know it is not a productive investment. Golden visa was a mistake and should have been better regulated . It contributed to the housing crisis and the resulting "investments" were counterproductive.
Instead of saturated Athens ,the government should have directed golden visa schemes to the impoverished and decaying regions .Greece is not only Athens and some hot islands. The periphery lacks investment. Regional cities are dying out .
Real estate has been an important piece, but it's not the only one. FDI trickles into a bunch of different activities and productive sectors.
The Golden Visa program has been changed in the past year, but much more needs to be done, as it still creates a lot of discrepancies in the local housing market.
The desperately needed investment would be a train network in Greece . The lack of it is holding the country back . Nowhere else to be seen in Europe , a country with one train line ! FDI needs much more real investments. Buying out stakes in Greek companies and bad loans from banks is not real growth either . However, there is good activity in tech start ups and innovation . Hopefully fdi can be channelled there.