Greek Development & Investments Minister Adonis Georgiadis spoke at a discussion panel on Tuesday during the 6th Future Investment Initiative (FII) international conference titled ‘Investing in Humanity: Enabling a New Global Order, that is being held in Riyadh, Saudi Arabia, on October 25-27, ANA reports.
Addressing the ‘New Global Order: View from the State Room’ panel, the Greek minister said that despite the impact of high inflation rates on the world’s economies.
Furthermore, noted Georgiadis, there should be no concern about Greece’s public debt, which is decreasing rapidly as a percentage of GDP, and will continue to do so. He added that, of the debt, “82% is ‘locked’ in stable low-interest rates as part of agreements with European lenders, while annual debt servicing costs are at sustainable levels.”
Greece is rapidly transforming into a renewable energy center in the broader region, he noted, adding that “we had a national target of reaching 20 GW of electricity generated from renewable energy sources (RES) by 2030, but we will achieve this 6 years earlier, in 2024, while the target for 2030 has been increased to 30 GW.”
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Source: tornosnews.gr/en/