Investors are reconsidering Greece

Greece is back on foreign investors' radar screens as it is considered an attractive destination for investments. However, the numerous obstacles in place, from high taxation to delays in justice and the low level of research and development, have resulted in this country being chosen mainly by companies already active here, which are aware of local proclivities and the deficiencies of the civil administration, a survey by Ernst & Young Greece revealed on Wednesday.

A worrying element is that despite the increased intention to invest, this continues to focus on low-budget projects, mainly with low added value, the survey presented by EY Greece chief executive officer Panagiotis Papazoglou showed.

It also found that 47 percent of investors believe Greece's image as an investment destination has improved in the last year, with 76 percent discerning an improvement...