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Newsletter October 2011


It is with great pleasure that I can report on a new significant and major investment in Greece. On October 1, 2011, it was announced that Qatar Holdings has committed to an investment in Greece valued at more than one billion U.S. dollars. The investment will create what is believed will become the largest gold producing mine in the European Union.

This development, another sign of trust of the Qatar Investment Authority (a major investor worldwide), is especially meaningful and confirms that Greece still remains a very attractive investment destination.

As Greece meets its fiscal responsibilities at this difficult and challenging time, such confidence shown in our commitment to succeed is both an important message to the global business community and a signal that Greece is moving in the right direction.

In addition, the recent inclusion of three newly submitted plans in the Fast Track review process, with a total value of 1.1 billion Euros, signifies the vast potential that investors will find in Greece’s new investment era.

The massive reform efforts underway are clearly demonstrating that investment success rests on the convergence of determined effort, attractive opportunity, and an appropriate investment framework.

Greece today is achieving this convergence and will continue to offer superb value, outstanding opportunity, and exceptional rewards for years to come.

Aristomenis (Aris) M. Syngros