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ATHENS

May 2010

EDITORIAL


Christos Alexakis
CEO
Invest in Greece Agency


Without a doubt, Greece is faced with severe challenges as it navigates the turbulence of today’s environment. And although the hurdles are many, we are confident that the Greek government, and the Greek people, are prepared to overcome the obstacles that we confront.

Today’s difficulties are being met with a sense of realism and responsibility by the Greek government. Indeed, it is a time to proceed with deep structural reforms resulting in a more healthy, competitive, and productive economy.

At the same time, the Ministry of Economy, Competitiveness and Shipping is instituting a sweeping package of new initiatives that address the underlying needs of Greek entrepreneurs, business people, and investors. At the heart of these initiatives is the necessity to streamline every phase of setting up and operating a business in Greece, so that productive investments proceed unhindered and with the full support of the State.

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HIGHLIGHT

Greece’s Posidonia 2010 Set to Break all Records
Greece is set to host Posidonia 2010 in June, the world's largest gathering in the global shipping industry.
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SPEAK OUT

New York Film Academy Academic Dean Elli Ventouras-Onaldin discusses why the Academy is eying Greece.
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ANALYSIS  
Energy at the Forefront
The robust interest in Greece’s energy market is producing a flurry of activity in energy production, manufacturing, new aeolic parks, new government programmes and policies, as well as new legislation designed to streamline the RES licensing procedure.
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INVESTMENT NEWS  
Abu Dhabi Mar, Qatar Focus on Greece
The shipbuilding group Abu Dhabi Mar (ADM) announced its decision to invest in Greek shipbuilding through the acquisition of a majority stake in the Hellenic Shipyards S.A. at Skaramangas. In addition, the State of Qatar has expressed its intention to commit to a major, 3 billion Euro investment in the Industrial region of Astakos.
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NETWORKING IN NEW MARKETS  
Greece at World Expo 2010
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  OUTREACH  
American-Hellenic Enterprise Initiative—Vision 2020
On April 15, 2010, the American-Hellenic Chamber of Commerce, as lead partner, officially announced the formation of the American-Hellenic Enterprise Initiative Vision 2020 (AHEI).
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  SUCCESS STORY  
Costa Navarino: The Future of Tourism
In May 2010, Navarino Dunes, the first phase of the Costa Navarino development project, will proudly open its doors to the public on the ancient shores of Messinia in the Peloponnese- the culmination of 15 years of vision, meticulous planning, and breakthrough design.
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  IQ - INNOVATION QUOTIENT  
Biovista Drives Innovation in Global Biotech Industry
Operating from headquarters in Athens, Greece and Charlottesville, Virginia since 1993, Biovista has quickly become a driving force for technological innovation in the fields of biotechnology and drug repositioning around the world.
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NEWSWIRE  
New Tax Regulations
Greece has passed new tax legislation.
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REGIONAL GREECE  
Port of Patras Plans to Invest 10 Million Euro in State-of-the-Art Aquarium
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FDI GREECE
Inflows into Greece for 2009 showed an encouraging trend in light of the global and domestic environment.
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TRENDS AND TRADEWINDS
Michael Cacoyannis Foundation Brings the World to Greek Arts, Greek Arts to the World.
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