Nov/07

Global Greece

Greek Presence at New York Stock Exchange
Economy and Finance Minister George Alogoskoufis rang the opening bell at a recent session of the New York Stock Exchange.The Greek Minister and the members of an accompanying business delegation met with foreign institutional investors and large international bank executives to present the Greek economy’s prospects for business and investment opportunities.

Nine Greece-based companies are currently traded in the New York Stock Exchange: Aegean Marine Petroleum Inc, Danaos Corp., Diana Shipping, Excel Maritime Carriers Ltd, Tsakos Energy Navigation Ltd., Navios Maritime Holdings, National Bank, Hellenic Telecommunications Organisation (OTE) and Coca-Cola Hellenic Bottling Co. S.A.

Delegation to India
Deputy Foreign Minister Petros Doukas paid an official visit to India, heading a delegation of Greek executives and business leaders."Greece is the closest EURO-zone country to India ... We are aiming at the creation of joint ventures, the exportation of know-how, and products. We are calling on the Indian side to invest, taking advantage of law 3427/2005, that permits the operation of regional and head offices with a very favourable tax status in Greece, a multiply attractive destination," Mr.  Doukas said. Representatives of the film industry, fashion world and SMEs, as well as representatives of universities, museums, the Athens stock exchange and shipping companies participated. The mission also includes representatives from the construction, foodstuffs, IT and pharmaceutical sectors, and from Hellenic Aerospace Industry (HAI) and the National Port Development Centre.

Interest in Romania
Greece ranks among the leaders of foreign investors in Romania, with investments totaling 3.0 billion EURO, and seeks to further improve its position as more enterprises express an interest in launching activities in Romania.

At a Greek-Romanian business forum in Bucarest, Ioannis Pashalis, Consultant General of Economic and Trade Affairs at Greece's Embassy in Bucarest, said that around 500 Greek enterprises began activities in Romania in 2007. The Forum brought together 15 Greek enterprises from the electronic equipment, clothing, footwear, metal construction, and food sectors seeking to begin business activities in Romania. Greek-Romanian trade volume totaled 1 billion EURO in 2006.

Technology Protocol with China
Development Minister Christos Folias held talks with China's Alternate Science and Technology Minister Wu Zhongze on the occasion of the signing of a Protocol by Research and Technology Secretary General Ioannis Tsoukalas and China's Alternate International Cooperation General Director of the Science and Technology Ministry Yao Welke. Minister Folias expressed his satisfaction over bilateral Greek-Chinese cooperation in the research and technology sector and expressed the Greek government's strong interest in strengthening it further. China showed great interest in boosting this cooperation since China considers Greece a gateway to the European Union and the West.

Bilateral Agreement
The Hellenic Federation of Enterprises (formerly the Federation of Greek Industries) signed a bilateral agreement with the Federation of Indian Industries to establish a Greek-Indian CEO Forum. Thanassis Lavidas, Secretary General and Head of the Federation’s international activities, said the agreement sealed a cooperation protocol signed last February in New Delhi, creating new prospects for the Greek business community.

The Greek-Indian CEO Forum aims to strengthen bilateral economic relations, raise Greek investments to India and promoting Greek products in the Indian market. The Forum will also help both Greek and Indian exporting companies and address copyright law problems, deregulate commerce, and simplify legislation and procedures for foreign investment.

Initiative with Tunisia
The Hellenic Federation of Enterprises (formerly the Federation of Greek Industries) signed a protocol of cooperation with UTICA, the Union of Enterprises of Tunisia, during a forum organised in Tunis, aimed to expand its partnerships in the Mediterranean. Dimitra Mitrogiannopoulou, Vice-Chairman of the Federation, said the protocol aimed at offering useful and focused information for the investment environment, law, tenders and products needed in the local market. “Our aim is to increase our exports, currently at 65 million EURO, and to see more Greek investment initiatives in the region,” she said. The business forum in Tunis highlighted the need to invest in alternative energy sources, farm products, packaging, textiles, machinery equipment, electronics and participating in construction works.

Turkish Agreements
The 8th Greek-Turkish Economic Meeting of the Greek islands of the Aegean and the Turkish coast concluded with the signing of two cooperation protocols between the Chambers of Commerce of Messinia and Izmir, and the Greek-Turkish Chamber.


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