Greek Minister of Development Takis Theodorikakos reaffirmed Greece’s strategic commitment to deepening cooperation with the United States, presenting a comprehensive vision for a more productive and competitive national economy.
Speaking on Greece’s geopolitical and economic direction, Theodorikakos stressed that the country has a “duty to strengthen its security and long-term future” by further expanding cooperation with the U.S. and positioning Greece as a “pillar of growth and stability in the Mediterranean.”
Reflecting on the broader international landscape, he noted that Greece has “turned the page after years of hardship and economic crises,” attributing progress to consistent governance and the efforts of the Greek people. He emphasised that Greece is now “one of Europe’s positive examples of fiscal responsibility, stability and recovery.”
The minister outlined the government’s work toward building a more productive economic model, stating that higher incomes and purchasing power “can only arise from higher productivity and competitiveness.”
Key priorities of the Ministry of Development include strengthening industry, technology and innovation, lowering taxes and social contributions, simplifying licensing procedures, and accelerating strategic investments. He highlighted that 18 strategic projects worth more than €2.7 billion were approved within the past year, spanning sectors such as industry, energy, pharmaceuticals and defence.
Theodorikakos also emphasised the country’s growing commitment to artificial intelligence, noting the signing of a Memorandum of Cooperation with OpenAI, which grants Greek start-ups access to advanced AI tools. He further announced a new €150 million development program for SMEs, with a strong focus on new technologies and AI, to be launched in the first half of 2026.
The new production strategy identifies several core pillars: the export-oriented pharmaceutical sector, aluminium and metals, defence, shipbuilding, energy, mineral resources and critical raw materials, agriculture, and tourism.
He reiterated the government’s focus on social cohesion, reducing inequalities, and addressing the demographic crisis, calling population decline—particularly in border regions—a matter of national security.
Concluding his remarks, Theodorikakos invited international investors to “invest in Greece as long-term partners in a shared success story,” highlighting the role of Greece’s global diaspora as a vital bridge between the two nations.
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