Lack of coherent rules and legal uncertainty is one of the main reasons that curtail a nation’s ability to maximise its potentials and develop to the fullest. During the last years, Greece implemented successfully a challenging and demanding structural reform programme which modernised the country’s legal system by introducing bold and targeted legislative reforms and revisiting the traditional, but in many respects outdated legal rules, with a view to consolidate a strong and reliable legal framework not only for potential investors, but also for each and every citizen.

Read more: Aris Xenofos, Chairman of the Board of Directors HELLENIC REPUBLIC ASSET DEVELOPMENT FUND

Greece is starting a new chapter in its history and leaving behind the financial crisis of the past few years. The economy is being transformed through a new outward orientation that relies on foreign investment and overseas exports to drive economic growth.

Read more: Grigoris Stergioulis, Chairman & CEO ENTERPRISE GREECE

This year’s edition of the Greek Law Digest coincides with a landmark moment for the people and the enterprises of Greece: after eight difficult years, the economic adjustment programmes have been completed and the economy is growing again, thanks to a significant increase in exports and foreign direct investment, rising consumer confidence, lower poverty rates and revamped infrastructure. This is only the first step towards not only economic recovery, but also the implementation of a holistic growth strategy, with an emphasis on exports, foreign investments, innovation, employment and sustainability. For the first time ever, Greece’s economic policies are guided by a coherent action plan, which resulted from an extensive consultation process, both domestically and internationally. This plan is fully in line with the United Nations 2030 Agenda for Sustainable Development.

Read more: Dimitris Avlonitis, General Secretary for Commerce & Consumer Protection

Following a prolonged period of economic crisis, the Greek economy is about to return on a sustainable growth path. A necessary precondition is to create an environment of credibility and stability. In order to achieve this, the Greek government reached an agreement, after painstaking negotiations with the international lenders, on a new adjustment program. The latter, secured the country’s fscal position and debt sustainability in the short and near term.Until the end of 2015 the government implemented 48 reforms, which were preconditions to secure initial funding from the program. On the same time, Greek banks were successfully recapitalized, staving off systemic risk. Successful conclusion of the 1st assessment of the program’s implementation will mark the completion of almost 70% of the required measures and will initiate the debate on long run debt sustainability.

Read more: Giorgos Stathakis, Minister of Economy, Development and Tourism

 

“Greek Law Digest – The Official Guide to Greek Law” is a useful information tool for persons and entities wishing to exploit opportunities in Greece. It presents the operation of Greek law in a systematic and comprehensible manner, offering reliable and detailed answers to all issues of concern to interested entrepreneurs and investors.

Read more: Constantine Michalos, President of ACCI

It is without a doubt that we are witnessing challenging economic times both at national and international level. In order for Greece to achieve economic recovery, we defnitely need growth. And that requires, among
others, foreign investments. Investments and exports are top priorities in Government’s agenda along with a systematic e?ort to create an investment and business friendly environment.

Read more: Velissarios Dotsis, Chief Executive Officer Enterprise Greece

We have engaged ourselves in a national effort to strengthen the function of the country’s institutions as well as the legal certainty to each citizen and potential investor, convinced that we can develop a strong legal
framework of rules, focusing on constitutional values and the development of the country.

Read more: Stergios Pitsiorlas, Chairman of the Board of Directors Hellenic Republic Asset Development Fund

We all know by now that in order for Greece to be set back on the path to a better future, the country defnitely needs to apply a new viable model of development which, among others, will ensure an investment and business friendly environment. Attracting market-leading companies and dynamic entrepreneurs from all over the world can create and/or safeguard associated jobs and stimulate the national economy. Business people looking for expansion will see Greece as an excellent gateway -without any trade barriers- to more than 140 million consumers in Southeast Europe and the Eastern Mediterranean. Besides, business people do know that Greece offers vast business opportunities, qualifed workforce and efcient resources which are needed to achieve long term business success.

Read more: Geena Papantonopoulou – Karatza,Attorney at Law, LLB, LLM, Publisher

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