Promoting Greece in the USA

JUL-AUG 2017|BY BUSINESS PARTNERS
The Athens Stock Exchange (ATHEX) and the American-Hellenic Chamber of Commerce (AMCHAM) in cooperation with Enterprise Greece have successfully organized the Greek Investment Road Show in the USA from June 18 to June 22, 2017.

Members of the Geek Delegation with US Secretary of Commerce Wilbur Ross (at the Select USA 2017 Investment Summit)

The Road Show is an initiative of ATHEX and AMCHAM, which have been joining forces since 2012 to host the annual Greek Investment Forum in NY, in order to showcase investment and business opportunities in Greece and further foster business and trade relations between the two countries.

Minister of Economy and Development Dimitris Papadimitriou and US Ambassador to Greece Geoffrey Pyatt led the delegation, highlighting the strong interest of both governments in strengthening economic relations, enforcing business synergies between Greece and the USA, and contributing to the successful outcome of the multi-business delegation’s outreach at the Road Show.

The Road Show to the United States included business visits to Washington DC (June 18 & 20) and the 6th Greek Investment Forum in New York (June 21 & 22). During the four-day trip, delegation members participated in fruitful meetings with business organizations, business representatives, fund managers, investment firms, and administration officials and discussed potential grounds of cooperation.

WASHINGTON

On the first day, members of the delegation met with the Financial Times for a briefing discussion on the latest economic developments in Greece. Later that day, a roundtable discussion was held at the US Chamber of Commerce, followed by an open networking reception with members of the Chamber. During the discussion, Minister Papadimitriou, Ambassador Pyatt, the President of of AmCham, the CEOs of Athex and Enterprise Greece, and members of the delegation had the opportunity to showcase the existing potentials of Greece in the aftermath of the successful closing of the review of the second memorandum and highlight investment and business opportunities.

On the second day, members of the delegation who were also registered for the 2017 Select USA Investment Summit had the opportunity to meet with the US Secretary of Commerce Wilbur Ross.

Later that day, the delegation was invited by Deborah Wince Smith, President of the US Council on Competitiveness to a briefing session at the US – Greece Innovation Immersion Roundtable and a networking luncheon with members of the Council. Later that evening, members of the delegation participated in a networking meeting arranged by Hogan Lovells with the participation of representatives of businesses and investment firms.

Finally, on June 21, before the departure to New York, a press conference was arranged for Minister Papadimitriou at the National Press Club.

NEW YORK

In New York, senior representatives and investment managers of the companies that participated in the Investment Forum met on both days with fund managers and investment firms for one-on-one meetings. In total, 65 investment funds and 90 portfolio managers participated, while 450 private meetings were held with the participated listed companies.

In the framework of the Forum, a conference meeting was held on June 22, with the subject: “The Greek Economy in a Reversal Phase”. The keynote speakers were Minister Dimitri Papadimitriou and US Ambassador Geoffrey Pyatt who participated in a panel discussion moderated by Ms. Penny Mann, CNN’s Business Planning Director in New York.

In his address, Minister Papadimitriou focused on the significant improvement in important indicators of the Greek economy that has taken place over recent years, namely in the areas of attracting foreign investment, foreign trade, industrial production, and unemployment. At the same time, he underlined the significant number of reforms that have been made in recent years in Greece in various fields (labor market, improvement of the business environment, etc.), and he highlighted the main reasons for investing in Greece today.

In his address, Ambassador Pyatt referred to the historical and longstanding relations between the two countries and highlighted the continuous interest and strong support of the US towards Greece, pointing to his country’s stance during the financial crisis. Mr. Pyatt praised the country’s efforts and asserted that there is a strong US commitment to assist Greece, further demonstrated by his presence in the Investment Forum.

In his greeting, CEO of the Athens Stock Exchange Group Socrates Lazaridis spoke about the strong suits of the Greek stock market: its outward orientation and its very good access network to the global investment community. The confidence of the foreign investment community is reflected in its participation in the market capitalization of 62.5%. The financial results for listed companies in the main market of the Stock Exchange for 2016 are highly promising. Finally, Mr. Lazaridis referred to the growing momentum of the corporate bond market.

In his greeting, President of the Hellenic-American Chamber of Commerce Mr. Simos Anastasopoulos spoke about the resilience of the private sector, which, despite adversity, remained dynamic, supported the national economy, largely reorganized and continued to create fertile conditions for investment. This new environment creates an opportunity to return Greece to normality and restore its credibility in the eyes of investors, provided the path of structural reforms and the implementation of privatization continues unwaveringly.

The second part of the informative meeting was attended by prominent executives of international and Greek participants in the economic and financial field. The topics covered the prospects of the Greek Economy and the investment opportunities that exist in conjunction with the institutional environment as it has been shaped.

The Investment Forum closed with a dinner honoring the Greek-American business community that was attended by many prominent Greek-American business representatives. The dinner was honored by the presence of His Eminence Archbishop of America Demetrios.

SUPPORTERS

Gold sponsors of this year’s Greek Investment Forum in NY were four of the largest Greek stockbrokers—Alpha Finance and its partner Marco Polo Securities, Eurobank Equities and its partner Auerbach Grayson, NBG Securities, and Piraeus Securities—as well as the international investment banks Citi and Morgan Stanley, the international broker-dealer AXIA Capital Markets, and the international financial organization LXM Group.

The Forum was also supported by Danaos, Deloitte Consulting, Karatzas & Partners and Reed Smith / Papapolitis & Papapolitis, while Public Worldwide served as Public Relations and Communication Promoter.

PARTICIPANTS

DELEGATION MEMBERS | WASHINGTON DC & NEW YORK

Papadimitriou Dimitri, Minister, Ministry οf Economy & Development

Pyatt Geoffrey, Ambassador, US Embassy to the Hellenic Republic

Anastasopoulos Simos, President, American-Hellenic Chamber of Commerce

Lazaridis Socrates, CEO, Athens Stock Exchange

Angelopoulos Konstantinos, Director of Investment Promotion, Enterprise Greece

Athanasiou Elias, CEO, Enterprise Greece

Athanassiou Odysseas, CEO, Lamda Development

Bakatselos Nikolaos, President & CEO, Pyramis Metallourgia SA

Dikeoulia Angeliki, Senior Executive Officer, American-Hellenic Chamber of Commerce

Handjinicolaou George, President, Piraeus Bank

Gotsis Charalambos, Chairman, Hellenic Capital Market Commission

Iliadis Ilias, Deputy Director of Investment Facilitation, Enterprise Greece

Kouimtzis Athanasios, CEO, Kouimtzis Group

Lekkakos Stavros, President, Marfin Investment Group

Michalopoulou Angela, Director General for Investments, Enterprise Greece

Mourla Georgia, Director, Listings Division, Athens Stock Exchange

Papanikolaou Angeliki, Special Advisor, European & International Affairs, Cabinet of the Minister, Ministry of Economy & Development

Savvakis Athanassios, CEO, National Can Hellas

Spirtounias Elias, Executive Director, American-Hellenic Chamber of Commerce

GREEK LISTED COMPANIES THAT PARTICIPATED IN INVESTMENT FORUM

AEGEAN AIRLINES

ALPHA BANK

CRETA FARM

EUROBANK

FOURLIS

GEK TERNA

GRIVALIA PROPERTIES

HELLENIC PETROLEUM

NATIONAL BANK OF GREECE

NBG PANGAIA REIC

LAMDA DEVELOPMENT

MARFIN INVESTMENT GROUP

MOTOR OIL

MYTILINEOS HOLDINGS

OPAP

PIRAEUS BANK

SARANTIS GROUP

THRACE PLASTICS

TITAN

ATHENS EXCHANGE GROUP

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