Europa Posted on 2025-06-23 14:22:00

Greece "lures" foreign investors - Foreign direct investment increased by 41.5% in 2024

From Kristi Ceta

Greece "lures" foreign investors - Foreign direct investment increased

Greece recorded its second best performance in the last five years in 2024, in terms of attracting foreign direct investment (FDI). According to the annual report published by the UN Organization for Trade and Development, FDI reached $7.3 billion, an expansion of 41.5% compared to 2023. It is noted that the highest performance was recorded in 2022, when investments reached $8.45 billion.

Masdar's large investment in TERNA Energy, as well as the acquisition of additional shares in Athens International Airport by Avialliance, are among the main factors of growth. FDI also played a crucial role in the real estate sector. In fact, the increase in the minimum threshold for obtaining a "golden visa" brought large investments from foreigners in this sector.

Of the total of 7.3 billion in 2024, investments in acquisitions and mergers of Greek business entities by foreign capital were 1.49 billion dollars, marking an increase of 47.3%. Unlike other years, investments in the green sector expanded in 2024, reaching 3.41 billion dollars, an increase of 165.1%.

Manufacturing, construction and real estate are the sectors that attract the most investors. The opposite trend was recorded regarding Greek investments abroad, as in 2024 they fell by 42% and reached approximately $2.62 billion, from $4.51 billion in 2023.

The positive trend continues in the current year. According to data from the Bank of Greece, in the first quarter of 2025, FDI flows were higher compared to those in the corresponding period in 2024 and reached 1.2 billion euros, reflecting investments in shares and real estate. The sectors that attract the most FDI are those of manufacturing, construction and real estate.

Potential risks to foreign investment flows include a possible global trade war and reduced international demand due to tariffs, the Bank of Greece report said.

As for Europe, foreign direct investment suffered a significant decline of 58% and was limited to $220 billion.

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