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  "documentTitle": "ey attractiveness survey 2023 eng version final",
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      "text": "In 2022, the net inflow of FDI exceeded €7.2 billion, of which mergers and acquisitions represented €2.3 billion (31.8% of the total), while €1.9 billion (27.3%) were spent on real estate acquisitions.",
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      "text": "Net foreign direct investment (FDI) inflows into Greece during the period 2012-22 (in million euros)",
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      "text": "Net foreign direct investment: €7.2 billion",
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      "text": "In 2022, global foreign direct investment (FDI) flows decreased by 12%, amounting to a total of $1.3 trillion. This was primarily a result of the war in Ukraine, high energy and food prices and stricter financing conditions due to escalating interest rates and increased uncertainty in financial markets. Within this adverse environment, it is noteworthy that Greece's performance improved even further in 2022, with FDI showing a remarkable increase of 35% compared to 2021, or 61% above 2019 levels. In 2022, the net inflow of FDI exceeded €7.2 billion, of which mergers and acquisitions represented €2.3 billion (31.8% of the total), while €1.9 billion (27.3%) were spent on real estate acquisitions. In total, €1.9 billion (27.4% of the total) was spent on purchasing new shares, aimed at creating new productive investments or participating in equity expansions. This net inflow represents a significant increase compared to the same period in 2021 (€5.4 billion). This constitutes a record for net FDI inflows for Greece, conforming the upward trajectory of the Greek economy and the successful efforts made in recent years to attract foreign investments to the country.",
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      "text": "Net inflows of foreign investments in Greece are primarily concentrated on the tertiary sector, followed by the secondary sector. This mirrors the trend observed in most developed countries. More specifically, during the period 2012-22, foreign investments were focused on services, particularly in financial and insurance activities, real estate management, and storage and transportation activities, constituting 70% of net FDI inflows. The secondary sector accounted for 14% of the total flows during the 2012-22 period. Investors' interest was mainly observed in food, beverages, tobacco, pharmaceutical products, and, to a lesser extent, in electronic products, computers, machinery, equipment, and chemicals.",
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      "kind": "source-note",
      "text": "26. World Investment Report 2023, UNCTAD, 5 July 2023. 27. Foreign Direct Investment Flows, Bank of Greece, 2022. 28. Ibid. 29. Foreign Direct Investments, Enterprise Greece, 10 March 2023.",
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      "text": "Source: Direct investment - Flows, Bank of Greece, data retrieved on 14 June 2023. Temporary data.",
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