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Greek Companies prospering in Poland (Warsaw Business Journal)

Greece has made the headlines for all the wrong reasons in 2011, with the country being hit by political turmoil as it struggles under the effects of the economic crisis. However, for many Greek companies based inPoland, this year has been business as usual.
There are currently about 40 companies with Greek capital active in the Polish market, according to figures from the Embassy of Greece in Warsaw.
Greek-owned companies have invested more than €1.4 billion and created a total of 11,000 jobs in Poland, the country’s ambassador to Poland, Gabriel Coptsidis, said in a statement earlier this year.
Mellon Group, a company headquartered in Athens specializing in IT services and sales for financial institutions, telecommunications firms and companies in the retail sector, established itself in the Polish market almost six years ago. A growing Polish client base, which includes lenders such as PKO Bank Polski, Polbank EFG, and mBank, helped Mellon Poland make it in to the top 100 companies of Europe’s 500 fastest growing companies in 2010. Europe’s 500, which makes the ranking, is an association of fast growing owner-managed companies in Europe.
“This year is better than the previous one, and we have not been affected,” said Grigorios Kotoulas, General Manager, Mellon Poland. “However, we see in the market that there is a slowdown, but not a recession. We are making plans accordingly but none that … will affect our forecast for2012”, he added.
For Lefteris Maroulis, general director of sports betting firm Totolotek (owned by Greek company Intralot), business has been going well inPoland. Totolotek is a company which has been organizing sports betting in Poland since 1992 and operates close to 400 locations in the country.
(Warsaw Business Journal, 20/12/2011)

Για την προετοιμασία του άρθρου η δημοσιογράφος Veronika Joy συνεργάστηκε με το Γραφείο Τύπου και το Γραφείο Οικονομικών και Εμπορικών Υποθέσεων. Continue reading


Touristic attractions of Naxos



"Portara", temple entrance-landmark of Naxos town

The island of Naxos is the largest and most fertile of the Cyclades.
Due to its important agricultural production, it was one of the latest to open itself to tourism. For that reason, it has kept its authentic beauty which attracts every year more and more visitors.
Naxos has a great variety of things to offer to the visitor: impressive mountainous landscapes with many isolated traditional villages, some of Europe’s most beautiful golden sandy beaches, a charming capital with its Venetian quarter, picturesque fishing villages, many Byzantine churches, ruins, active night life…
Naxos is world famous for its endless golden sandy beaches with crystal waters situated in the western coast.
Some of these beaches has kept their natural beauty and are considered as some of the most beautiful beaches in Europe: Agios Prokopios, Orkos or Plaka.

Greece: Foreign Capital Inflows Up

» Creating a Trustworthy Market

Foreign capital inflows in Greece grew by 40.5%, (€6.48 billion) with net inflows soaring by 147.8% (€3.47 billion), in 2008, compared with the previous year, Invest in Greece Agency – the Hellenic investment promotion body – announced yesterday.  Citing figures on Foreign Direct Investments in Greece, published by the Bank of Greece, the Agency said this positive development – amidst an unprecedented international financial crisis – was evidence of foreign investors’ trust towards the Greek market (mainly from the EU and US).

» I.T. Is “The Key”

Meeting with Israeli and British businesspeople, Invest in Greece Agency presented Greece’s comparative advantages in the field of advanced technologies such as Information and Communication Technologies (ICT) systems.  Both in Israel and United Kingdom, the agency provided information on the advantages deriving from a possible expansion of major technology companies’ business activities in Greece. The Greek ICT sector offers highly skilled human capital and geographic proximity to the markets of Southeast Europe and East Mediterranean , elements which can accommodate the growing need for alternative R&D investment locations around the globe, given the fact the ICT sector still offers considerable room for growth, profit margins and projects of high added value.  See also: Business Works: Greece: the economic hub of the region

Greek Finance Minister at 10th Venture Capital Forum

(GREEK NEWS AGENDA)   Economic growth will come from within business activation and through collaboration between public and private sector, economy and finance minister Yiannis Papathanassiou said on Tuesday, addressing the 10th Venture Capital Forum organised in Athens by the Invest in Greece Agency in cooperation with the New Economy Fund (TANEO) and the PRAXIS network.  Papathanassiou also said that the government will continue to fulfil its duty with responsibility, adding that it was seeking consensus, unanimity and understanding at the national level.  In the framework of the country’s safe exit from the crisis, he said, businesses were called on to assume their significant role with new initiatives, a creative disposition, and investments in sectors on which growth in the new era will be founded. Ministry of Economy and Finance: Statement by Minister at 10th Venture Capital Forum (in Greek, 16.6.2009) 

Invest in Greece

(Greek News Agenda)  Information on the wide range of investment opportunities in Greece is available at the new website of the Invest in Greece Agency: www.investingreece.gov.gr Greece has a dynamic, growth oriented, outward looking economy. Learn more about the Greek economy, trade and foreign direct investment, investment incentives, access to financing, human capital, Greece’s expanding infrastructure and the central role Greece plays as the economic hub of Southeast Europe. Learn what other investors are saying about Greece and discover links to extensive resources. Also, an electronic News service provides valuable info relevant to foreign direct investment in Greece and international alliances with Greek companies. View and download Invest in Greece Agency Publications that include a wide variety of useful overviews that can help you make better investment decisions and learn more about the many investment opportunities Greece offers today: Main steps on how to establish an S.A (A.E.) in Greece , Main steps on how to establish a branch in Greece, Main steps on buying real estate property in Greece

Hagia Sophia Museum: Grand Opening

(GREEK NEWS AGENDA)   The Hagia Sophia is ready for a grand opening, following a restoration period of sixteen years. The revamping of the Hagia Sophia Museum was a key element in Istanbul being nominated “European Capital of Culture 2010” along with the German town of Essen and the Hungarian city of Pecs.  Hurriet Daily News: Hagia Sophia prepares for the capital of culture