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Newsletter May 2013

REGIONAL GREECE

Peloponnese: Open for Business

Invest in Greece promotes Greece’s regions to investors from around the globe.

On April 17, 2013, the Region of Peloponnese held a one day event in cooperation with the Embassy of Canada in Greece and Invest in Greece Agency, entitled "Peloponnese: Open for Business."

Mr. Tatoulis, the Governor of the Peloponnese Region, outlined the importance of the Region and its key role in the new investment era and in supporting Greece’s economic development.

Mr. Tatoulis also assessed the strategic geographic location of the Region and the importance of the "Kallikratis Reform Plan," which empowers the regional authorities to undertake economic initiatives.

He also announced the creation of a new Peloponnese-based fund that will serve as an investment platform, leveraging local and international investor interest.

The Governor said that the Region is establishing a Research Centre for Innovation and Applied Technology, in partnership with universities and private investors—reminding attendees that the strongest advantage of the Peloponnese remains the quality of its human resources.

Mr. Tatoulis also referred to future business opportunities related to the Kalamata and Tripoli airports and the marinas of Gytheio, Nafplio, Astros, Leonidio and Kiparissia and the ports of Monemvassia and Ermioni.
 
With respect to the relations between Greece and Canada, Mr. Tatoulis expressed satisfaction at the state and evolution of bilateral ties. The bilateral agreement for double taxation and tax evasion, for example, represents a significant development in view of the Free Trade Agreement between Canada and the European Union. Similarly, the Greek ratification of the 12-month mobility agreement for young people between the ages of 22-35 helps to strengthen the social ties between the two countries.

The Canadian Ambassador to Greece, Mr. Robert Peck, emphasised the Peloponnese Region’s potential for growth and stated that regionalism in Greece—along with investment in innovative technologies—creates a positive perspective for new investment opportunities. He emphasised that Greece and Canada celebrate 70 years of diplomatic relations and friendship between the two countries.

Ms. Vasso Kyrkou, Stakeholder Relations Chief at Invest in Greece, delivered a message on behalf of the Invest in Greece Chairman, Mr. Aris Syngros, and underlined the Region’s comparative advantages and its attractiveness as an investment location. Ms. Kyrkou pointed to the Region’s infrastructure, rich cultural background, nature, scenery and excellent agricultural products.

The President of the Greek-Canadian Chamber of Commerce, Mr. Konstantinos Katsigiannis, discussed the great business potential of the two countries and discussed highlights in trade activity, such as Greek exports to Canada and Canadian investments in Greece.

Mr. Antullio Richetta, Director of IBI Group, presented “A New Development Gateway for Peloponnese, the Tripoli Airport” and discussed how an airport in Tripoli would further the development of the Region, while Mr. Peter Eliopoulos, a successful Greek-Canadian businessman, presented his investment project in Potamia, Lakonias.