Loan contracts that have already been signed are of more than 3 billion euros in value, while there is still plenty of room for interested investors, up to the amount of 25-30 billion euros of projects, that the leveraged arm of the Fund will be able to cover.
As mentioned in an announcement by the Ministry of Finance, Mr. Skylakakis spoke of a change in the "economic track", describing "the transition from overtaxation policies, from "hostility" to investment and the private investor and entrepreneur of the current official opposition and from the uncertainty caused by the adventure of 2015, which "repelled" investments, to policies that make Greece particularly attractive for investments".
"In order to have investments, you must have companies that are interested in investing," he said characteristically, stressing that over the last three years "government policy has multiplied the incentives in the economy for work, production and creation, as a result of which it has already brought very large , private investments".
He also pointed out that the government coped with the three crises (pandemic, energy-inflationary and Turkish threat) that it faced. In the midst of these, "we have reduced taxes and contributions (e.g. income tax, business tax, ENFIA, advance tax, social security contributions, etc.)" he said and added: "We have succeeded, at the same time, due to growth and despite the large spending to support the economy and society to have a reduction in public debt, as a percentage of GDP. The economy has improved its position, it is a "step" below the investment grade. This year's budget foresees a return to primary surpluses. Our bond interest rates are close to those of Italy. We have a 30% increase in investments and covering the investment gap."
Additionally, he emphasized that this climate reversal is permanent. And considering that the part of it that we have seen - in real investments - is "the tip of the iceberg", in relation to what follows, he focused on the contribution of TAA in this direction.
