Vassilis Milionis Predicts on Greece Market Post COVID 19

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Even Though Greece’s economy is expected to be hit severely by the Covid-19 pandemic, Vassilis Milionis predict the export sector might expand, and foreign investments doubled by 2023.

Vassilis Milionis, a Greek property investor, and entrepreneur predicts that the export sector and foreign investments might expand by 2023. According to the government, the Greece government has performed some economic initiatives in Greece from tax incentives, easier access to funding, and digitization. Those economic initiatives could be linked to issues in the export sector. As said by Prime Minister Kyriakos Mitsotakis, about the economic target of the country “The current ratio of exports in GDP must rise from the current 38 pct to the European average of 48 pct by the end of four years and the ratio of industrial production rise from the current 9.5 pct to 12 pct, along with the doubling of foreign investments by 2023”.

Vasilis Milionis, the Greek entrepreneur, stated that if the government target is reached, then Greek exports also increase in sectors beyond petroleum and tourism. Also, sectors like quality wines, new technologies, and the creative industry are predicted also increased. Milionis added currently, the Greek economy is facing some essential challenges. They relate to the widening of its production base by utilizing investment in the industrial sector, a more favorable tax framework, and the introduction of special programs to strengthen dynamic and export-oriented sectors. Greece also needs to plan and implement digital technology initiatives, and facilitate access of private corporations to funding, in order to increase the country’s economy.

According to Milionis, in the tourism and property sector, as the global COVID-19 pandemic lockdown begins to lift gradually as well as in Greece, the real estate market, especially on the popular tourist destination, such as Mykonos is awaiting the return of foreign buyers. Mykonos is one of the most renowned Greek islands. The island is an international travel destination that brings buyers and tourists from around the world. It offers beautiful nature, amazing beaches, picturesque villages, a chic lifestyle, and delicious Greek food.

“Greek tourism and real estate sectors began to rise up as the lockdown gradually lifted. The greek market will also increase as the global investors start to invest their money in real estate and tourism sectors in Greece:”, said Vasilis Milionis.

About Vasilis Milionis

Vasilis Milionis is the owner of Filia Investments LTD. The company works on several projects and is worth more than 16 million euros. One of them is a 5-star hotel and holiday apartment with all-inclusive facilities.

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