The Deputy Minister of Foreign Affairs Dimitris Mardas spoke of the need to simplify the licensing procedures for foreign investments, in a Tuesday morning appearance on Mega Channel.
In his interview, Mr. Mardas revealed that his role is to provide with ideas in order to attract funding from abroad. While attracting investors may be easy, he explained, simplifying the licensing system of foreign investments is rather difficult.
Mr. Mardas reported that aside from being surrounded by experts, he aims to adopt practices from abroad and expressed his belief that his efforts would yield the necessary results to overcome old practices on the subject.
According to Mr. Mardas the Greek public debt is “pharaonic” and unless major projects are pushed forwards, which will produce quality goods and services, the debt will never go down. He estimated that about 80 billion euros worth of investments are needed over the next five years and underlined the need to “try something different” towards this goal.