Greece
Answer ... Ensuring the smooth completion of project financing in Greece requires a strategic approach and careful management of key factors, risks and stakeholders. It is crucial to have a clear and feasible business plan that addresses all factors, risks and challenges that may arise during implementation. In this context, selecting the right type of project financing is critical, as each type is designed to address different needs.
For potential investors seeking external funding, connections in the financial, banking and investment sectors are always useful, as these reduce suspicion and build trust between parties, facilitating discussions and negotiations. Maintaining open communication with government authorities, local agencies and authorities is also helpful for the prompt resolution of bureaucratic issues that often arise in finance projects.
Assistance from experienced consultants covering the legal, financial and technical aspects of the project is also necessary, to identify and address potential issues that could jeopardise the project. In this context, given the complexity and frequent legislative changes in certain areas of Greek law, careful consideration is the selection of trained and experienced lawyers is required, to avoid unpleasant surprises during project implementation.
Co-Authored by Dimitris Spyridakis, Associate, Banking & Finance.