Greece is "thirsting" for foreign investment in sectors such as energy and tourism, and is well positioned for an economic upswing, the country's development minister Costis Hatzidakis says in an interview published Wednesday.

"I think the Greek economy is now standing before an economic upturn after five years of recession," Mr. Hatzidakis is quoted as saying by German newspaper Handelsblatt.

The minister argues that recent structural reforms, such as deregulation of the transport system, energy sector and labor market, provide a "solid basis for investments," while the question of Greece leaving the euro zone is "no longer being raised." Sectors ripe for investment include tourism, energy and organic agriculture, the minister says.

Germany is "one of the most important audiences we are turning to," he added.

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