Despite rise, Greece is trailing in FDI

Greece remains a laggard in attracting foreign direct investment despite a 123 percent increase in 2016 compared to the year before, according to the latest annual report by Ernst & Young.

Among the 44 European countries surveyed for FDI attractiveness, Greece ranked 34th in the number of FDI projects and 35th in the number of jobs created.

The report showed that, last year, 13 FDI projects were implemented in Greece, generating 111 jobs, mainly in the financial, transport and communication sectors. There were eight FDI projects in the financial sector, two in manufacturing and one apiece in agriculture, transport, communication and construction.

FDI came from the UK in four instances, Japan in two while the rest came from France, Switzerland, the United Arab Emirates, the US, Spain, the Netherlands and Serbia.

"Although 2016 marked some improvement in...