Incredible bureaucracy blocks investments, says Dep. FM Mardas

25 January 2016
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Deputy Foreign Minister Dimitris Mardas referred to an incredibly complex bureaucracy in the licencing of new investments in Greece, in an interview on Monday with Praktorio 104.9 FM.

Mardas cited the example of a huge tourist investment named “Atalanti Hills” for which the investors have been blocked by bureaucracy since 2006 and the plant that is expected to offer 7,000 jobs can’t operate.

“The investors have been in trouble since 2006. They do not want to open a chemical plant or a refinery but a huge tourist investment,” said Mardas and accused the former government of this condition.

He said that 15 similar cases have been found adding that the list of the 15 blocked investments is already in the hands of the relevant ministers in order to give an immediate solution to the problem.

Mardas called the investments licencing regime in Greece “morbid” underlining that it can’t be changes with small interventions and corrections but “it must be torn up from the roots”. He referred to a 40-year culture of corruption, collusion and bureaucracy” noting that the parties of the opposition should make some self-criticism.

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