German companies invest over 3.5 billion euros in Greece

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greek and german flag

According to the latest figures from the Hellenic-German Chamber of Commerce and Industry, German investment in Greece has risen to 3.5 billion euros.

The investment amount comes from 120 German enterprises, with a workforce of 27,000 and an annual turnover of 7.7 billion euros, or 3.0% of the Greek GDP, the Chamber said in a report.

The Hellenic-German Chamber of Commerce and Industry findings suggest German investors were mostly interested in the sectors of agrifood products, renewable energy sources, waste management, tourism, logistics, technology, supermarkets and insurance.

"Productive investments are the only way out for the country and the Chamber seeks to attract German investors to Greece through focused actions," Michalis Maillis, President of the Chamber, said in an announcement, adding that the German investment presence is growing each year, boosting Greece's efforts to remain on a steady path of economic growth.

Bilateral trade improved slightly in 2018, reaching around 8.0 billion euros. The Chamber organised around 900 business meetings in the last three years.