Greek position worsened in foreign direct investment ranking

According to the UNCTAD’s "World investment Report 2004" presented on Wednesday at an event organized by the Greek Investment Center, only 47 million dollars reached Greece last year in the form of direct foreign investment, accounting for merely 0.1 percent of the country’s total gross fixed capital, while in 2002 the inflow was 51 million dollars.

In 2003, foreign direct investments in Turkey amounted to 575 million dollars.

According to performances achieved over the 2001-2003 period, Greece holds the 127th position regarding the inflow performance indicator for direct foreign investments.

The report further indicated that the total stock of foreign direct investments in Greece was estimated at 17 billion dollars (9.8 percent of the country’s GDP). Enditem