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Athens News Agency: News in English, 06-07-04
CONTENTS
[01] Steady inflow of foreign direct investments
[01] Steady inflow of foreign direct investments
Foreign direct investments in Greece are moving in satisfactorily
levels over the last few years, as foreign enterprises investing in
Greece rose in numbers, while foreign enterprises already based in
Greece were re-investing their profits, a report by the Hellenic Center
of Investments (ELKE) said on Tuesday.
The report is based on figures released by the Bank of Greece and
follows data published by international organizations.
ELKE said its analysis fully coincided with a recent report by the
Organisation for Economic Cooperation and Development, although an
accurate examination of capital inflows and outflows showed that
inflows of foreign direct investments totalled 3.149 billion euros in
2005 after inflows of 3.430 billion euros in 2004.
On the other hand, capital outflows by foreign investors totalled 2.661
billion euros in 2005, from 1.74 billion euros in 2004, reflecting
higher repayment of loans to parent enterprises.
Yiannis Anastasopoulos, ELKEās president, said foreign direct
investmentsā inflows continued strong in 2005 with a slight divergence
from 2004 reflecting a huge volume of takeovers of Greek enterprises in
2004. Anastasopoulos forecast strong interest this year and a
significant inflow of foreign direct investments in the country this
year.
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