With Greece hitting its marks on the financial bailout earlier this year, it is now taking steps to streamline business and investment processes to promote growth, the country’s finance minister, George Papaconstantinou, told CNBC Thursday.
“We are making it easier to have businesses. We are making it easier for large investments to come into the country with a fast-track process so as they bypass the bureaucratic administrative hurdles,” said Papaconstantinou.
“They [the changes] are going to be what is driving investment and job creation in the years to come.”
In accepting a $141.5 billion package from the European Union and the International Monetary Fund earlier this year, Greek agreed to adopt austerity measures that involved cutting the budget deficit to 3 percent of its GDP by 2012, from 13.6 percent.