Rania Ekaterinari (CEO HCAP): Greece presents great investment potential

Mrs. Rania Ekaterinari CEO – Hellenic Corporation of Assets and Participations (HCAP) durring the “22nd Capital Link Invest in Greece”Forum:“Greece – Looking Ahead With Confidence” expressed her strong belief that Greece presents great investment potential . The targeted asset exploitation strategy being implemented by dedicated teams of professionals, combined with a focused action plan on reforms in the country, is expected to unfold and bear fruits, once the pandemic crisis is over.

Mrs EkaterinariCEO – Hellenic Corporation of Assets and Participations (HCAP), the Greek sovereign fund that manages and develops a large portfolio of state assets, aiming to generate revenues for the State and to increase economic and social value of public wealth, referred in her speech to the importance of Foreign Direct Investments and the key role of long-term investors in supporting important investments in Greece, with more extroversion and a stronger technological and green mindset, together with sustainable jobs creation.

FDIs in Greece are showing an increase, with the smooth implementation of the privatization plan being a key component of attraction. A recent study by IOBE estimated that privatizations resulted on an incremental increase of the country’s GDP by around € 1 bn a year between 2011 and 2019, while the average impact on labor market was close to 20,000 full-time jobs.

HCAP’s 100% subsidiary, the Hellenic Republic Asset Development Fund (HRADF), has managed to complete transactions with cumulative proceeds exceeding € 7 bn until the end of 2019 while there is a wide spectrum of good assets under privatization (either through equity sales or concession agreements or real estate development) in sectors like energy, infrastructure and real estate.

Both US institutional investors, together with strategic investors, technology companies and multinationals, have announced a number of investment initiatives in Greece, thus we can anticipate that more US corporates and investors will follow, especially in the fields of infrastructure, logistics, energy, health and technology.