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EBRD intends to increase its investments in Greece

Sir Suma Chakrabarti, president of EBRD, expressed the Bank's intention to further increase investments in Greece in companies such as PPC, Hellenic Petroleum and in former international airport of Helliniko.

Sir Suma Chakrabarti, president of EBRD, expressed the Bank's intention to further increase investments in Greece in companies such as PPC, Hellenic Petroleum and in former international airport of Helliniko, during his meeting on Tuesday with Greek Prime Minister Kyriakos Mitsotakis.

Mitsotakis referred to the political stability and restoration of credibility to Greece as well as the investment-friendly environment created by the government. He said that he expected EBRD to have a larger participation in the recovery of investments referring to specific projects in which the bank could participate.

Chakrabarti expressed his satisfaction over the significant improvement in Greece's investment climate quoting Mitsotakis' statements in TIF on the unblocking of important investments. He also briefed Mitsotakis of an interior upgrading of Greece's credit rating by EBRD. The bank is examining possible investments in Helliniko, PPC and Hellenic Petroleum as well as in other important areas as renewable energy sources, privatisations and waste management. Chakrabati also pledged to continue the cooperation with the banking sector.

Ahead of EBRD's inauguration in Thessaloniki on Wednesday, Mitsotakis asked the bank to examine the possibility of investing in the restructuring of TIF's venue and creating a technological park in Thessaloniki.

Development and Investment Minister Adonis Georgiadis and government spokesperson Stelios Petsas were present in the meeting.

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