Canadian-Indian billionaire investor Prem Watsa, the founder and head of Fairfax Financial Holdings, attended Monday evening’s inauguration of an upscale resort in southeast coastal Athens, where he took the opportunity to extend kudos over the country’s robust economic turnaround and to the center-right Mitsotakis government.
The comments came with Greek PM Kyriakos Mitsotakis in attendance, who arrived immediately after his return to Athens from a lightning half-day visit to Israel and a meeting with his Israeli counterpart Benjamin Netanyahu.
Among others, Watsa said the biggest achievement of Mitsotakis and his government has been to persuade the Greek people that an investment-friendly and pro-business government can create benefits for the people.
He also called last week’s upgrade of Greece’s credit rating to “investment grade” by Standard & Poor’s as a milestone for the country.
The high-profile event inaugurated the “One & Only Aesthesis” resort in the seaside district of Glyfada, along the so-called Athenian “Riviera”, which aims to extend from near Piraeus southeast all the way to Cape Sounion.
Watsa’s Fairfax Financial Holdings has been a consistent institutional investor in Greece over recent years, including holding a major stake in ATHEX-listed Eurobank, one of four systemic banks in the country.
Mitsotakis’ statements at the same event can be found here:
Latest News
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards
Syria’s Bashar al-Assad, His family Granted Asylum by Russia
Reuters also reported that a deal has been struck to ensure the safety of Russian military bases in the war-ravaged country
Greece to Introduce Artificial Intelligence into Its Education System
Currently, Greece is taking its first steps to bring AI into classrooms through the AI4edu program, which is being co-funded by the European Union