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Greece suffers from persisting confidence crisis

31 May 17 | Fessas Theodore
Fessas Theodore

COMPANIES

IBI Group

Consultant - GREECE

Savills

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

Solum Property Solutions

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
"The only way to end this long-term, persisting crisis of confidence hitting the country, is to push for even more deep and fundamental reforms opening up product and service markets, abolishing special privileges, building confidence relations with the global investment community and create the conditions of dynamic growth and new wealth production for many,"

 

is the message to be sent by Theodoros Fessas, president of the Federation of Hellenic Enterprises (SEV) during a general assembly of SEV on Wednesday, sources said.

Fessas is expected to underline that "lost confidence is regained only with private investments, jobs and growth". "With the creation of a business-friendly environment and the necessary structural reforms, Greek enterprises members of SEV are ready to contribute to the restructuring and development of the country.

This is the only way to attract large private investments and to create several, good job positions," Fessas will say.

This year's general assembly coincides with the celebration of 110 years of the founding act of SEV in 1907.

President of the Republic Prokopis Pavlopoulos will attend the general assembly, while Greek Prime Minister Alexis Tsipras will address the assembly. Main speaker will be Mr Prem Watsa, CEO in Fairfax Financial Holdings.

Costis Hatzidakis, vice-president of New Democracy part will also address the assembly, along with Rolf Strauch, Chief Economist of the European Stability Mechanism (ESM).

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