German firms to invest in Greece, says business federation

14th September 2011, Comments 0 comments

German companies are keen to invest in Greece, notably in solar energy, and understand that tough reforms will take time, a representative of German business owners said on Wednesday.

"It is clear that structural changes need more than one year, maybe ten years," Daniel Stahl, representative to Greece for business federation BDI said during a visit to Athens.

Stahl said there was "huge potential" in Greece, a country with a "very high level of highly educated people".

Solar energy was a priority, the busies leader said "because there are 300 days of sun every year", though he acknowledged the field was not labour intensive.

To create jobs, Stahl insisted that Greece needed to increase exports in finished products and identified high quality food products, energy and technology as industries worthy of targeted investment.

Tourism also remained key, he said.

"German companies are not leaving. They are interested in the long term," he said.

© 2011 AFP

0 Comments To This Article