Intel will continue its investments in Greece

twenty four Investments Of a strategic nature on the maturity line of Enterprise Greece. These investments, according to the Deputy Minister of Foreign Affairs. Kostas Fragogianniscoming from Greek and foreign business interests, targeting the sectors of energy, industry, research and development, tourism, technology, etc.

The 24 investment files mentioned above will begin to be submitted for approval by the Inter-Ministerial Committee for Strategic Investments (DESE) starting next October, and unlike what happened in the past, few of them relate to energy production from renewable energy sources. Only one investment relates to the production of renewable energy through offshore wind turbines to be installed in Ag. Constantinos Fthiotidas.

However, the package of 24 strategic investments to be approved will include significant investments in energy storage. There will be at least three units dedicated to these units, with the aim of enhancing energy production from renewable energy sources.

Also according to the head of the Greece Foundation, Marino Yiannopoulos, there will be four large-scale industrial plants. Finally, according to Mr. Yiannopoulos, there will be investments of a tourism, research and technological nature.

These investments do not include the alleged investment by the American company Intel. The Deputy Foreign Minister described it as “early”, but added with great confidence that “this investment will be made” in Greece. He also noted that in the summer just passed, there were at least two contacts between Intel and Greek representatives.

Mr. Fragogiannis also stressed that the company will not “build” a factory in Greece, but its goal is to create an important support unit for the large investments to be implemented in Europe amounting to 50 billion euros. He even emphasized the excessive state aid provided by the German government, which, he said, exceeds 60% of the total investments to be made in this country.

Intel’s investment plan concerns not only Germany, but also other countries, such as Poland, as well as Greece. Mr. Fragogiannis did not wish to provide any further details.

Referring to the issue of communications that took place between Prime Minister K. Mitsotakis and his counterparts in Japan and India indicated that Japanese investment funds are awaiting with great interest an increase in the level of investment in the country. When asked about this, he said that an upgrade to investment grade by a Japanese research and development house is not enough for these Japanese investments to come, as the country’s upgrade to investment grade must be preceded by at least one major rating agency.

As for India, the Deputy Foreign Minister said Greece is the “stepfather” to the new big market, Europe. He pointed out that India is a large country that produces products and wants to bring them to the European market through our country. For this reason, he noted, the country should strengthen its infrastructure to provide logistics services with a focus on rail transportation.