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April 2012


Aristomenis (Aris) M. Syngros
Executive Chairman

Greece’s successful conclusion in finalising a complex PSI (Private Sector Involvement) agreement, as well as positive results in securing funding from its European Union partners, the European Central Bank, and the International Monetary Fund, mark the beginning of a new chapter in national growth, development, and investment.

These developments are a pivotal turning point that will provide the international investment community a sense of restored stability and confidence in Greece’s position as a long-term investment destination as well as offering multiple investment opportunities.

The recent approval of six major projects, valued at 5.6 billion Euros, for inclusion in the Fast Track process, also signals the beginning of a new era, one in which investment is given the highest priority across the board and in which investors will benefit from the ambitious reforms put into place during the last 18 months.

It is important that, only a few days after assuming her position as new Minister for Development, Competitiveness & Shipping, Anna Diamantopou stated: “The ministry's main focus will be on attracting investment and resolving the problems faced by potential investors. The ministry's current three priorities will be to unblock foreign investment and attract new investment, inject liquidity into the market and to table a draft bill on 'friendly enterprise' in the next few days.”

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Major Projects Approved for Fast Track
Greece’s Interministerial Committee of Strategic Investments approved a plan to include six new large investments, worth 5.6 billion Euros, in Greece’s Fast Track programme.
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George Markopoulos of Thracean Gold Mining S.A. discusses the major gold mining project the company will commence in Greece.
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Energy Developments
Greece, Cyprus and Israel are scheduled to sign a memorandum of cooperation on energy issues.
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New Publication—Greek Law Digest
The Greek Law Digest, The Ultimate Legal Guide to Investing in Greece, has just been released and offers investors around the world a new, comprehensive resource to Greek legislation related to investment.
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Western Greece—Investment Opportunities Abound in the Country’s Western Gate
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Installation of 477 "Green" Megawatts
Interest for investments in renewable energy projects in Greece remains robust. Despite economic headwinds, international interest for investments in renewable energy projects in Greece remains robust, reflecting Greece’s unrivaled potential in renewable power generation.
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Greek Start Ups Attracting Investors, Funding
As many young Greeks make their way to entrepreneurship, international investors are taking note.
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Greece and UAE Launch Joint Committee Meeting
UAE Foreign Minister H.H. Sheikh Abdullah bin Zayed Al Nahyan and his Greek counterpart Stavros Dimas opened the first meeting of the UAE-Greece Joint Committee.
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Repo(we)rGreece—Redefining Greece For a New Era
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Foreign and Economic Diplomats to Western Greece
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International Tenders Spearhead Development of National Assets
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Sun and Wind Attract Big-ticket Investments
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