Mardas: We try to reduce the investment approval time to six months

Deputy Foreign Minister responsible for international economic affairs Dimitris Mardas talked about Greek government’s efforts to limit bureaucracy in licensing investments at the 9th Multi-Conference: “Innovation and Development” organized by the ka-business.gr.

“It is not possible a foreign investor to wait from one to four years to get his investment approved”, he said adding that “We seek, this year to reduce it [investment approval time] to six months, probably up to six months. And those six months – considering that other countries approve investments in a month or two- are still a long time for someone to wait. But, let’s achieve first the six-month goal and then we can try to achieve a better time”.

“Our first aim is to limit bureaucracy,” Mr. Mardas said noting that all international institutions consider that the most decisive factor for attracting investments.