Back on the Path to Growth

JUL-AUG 2018|BY BUSINESS PARTNERS
At the cusp of Greece’s long anticipated Next Day, the Greek Investment Road Show in the USA showcased investment opportunities in Greece and the country’s increasingly favorable investment framework.

U.S. Congressman for Florida Gus Billirakis at his office in Washington DC with members of the Greek Delegation

The American-Hellenic Chamber of Commerce (AmCham) and the Athens Stock Exchange (ATHEX), in cooperation with Enterprise Greece, have successfully completed another highly productive Greek Investment Road Show in the USA. Taking place June 18-22, 2018, this year’s Road Show brought together key Greek business, industry and government representatives with their counterparts in the U.S. in order to strengthen economic relations and bolster trade links between Greece and the USA.

The Greek delegation was led by Alternate Minister of Economy and Development Alexis Charitsis and U.S. Ambassador to Greece Geoffrey R. Pyatt, joined by Lois Labrianidis, Secretary General for Strategic and Private Investments at the Ministry of Economy and Development, and Ioannis Brachos, Secretary General for International Economic Relations at the Ministry of Foreign Affairs.

The Road Show kicked off with the much anticipated 7th Greek Investment Forum in New York, and continued to Washington DC and Chicago, where delegates had the opportunity to participate in multiple business meetings and networking events with state agencies, business representatives, investment firms, lobbyists and media representatives.

In Washington DC, delegates met with Congressman Gus Billirakis, the U.S. Chamber of Commerce and participated in a briefing session that featured presentations by representatives of the Department of Commerce, the Small Business Administration and the investment community, as well as by Greek government officials and members of the delegation. A dedicated media event, held at the National Press Club, served to update U.S. media representatives on various issues of interest to U.S. policy, industry and thought leaders, with a focus on current developments in the Greek and EU economies, reforms, business and investment opportunities.

In Chicago, Enterprise Greece organized an investment seminar titled “Greece in the Spotlight: Investment Opportunities for U.S. Investors.” The seminar showcased investment opportunities in Greece, in public and private assets, focusing on tourism, real estate, energy, agrifood, logistics and technology. Delegates also enjoyed the opportunity to visit the MATTER Incubator—a community of entrepreneurs, innovators and industry leaders working together to harness technology to improve health and healthcare—and attended a dinner hosted by the Hellenic American Leadership Council.

Alexis Charitsis and Geoffrey R. Pyatt

Simos Anastasopoulos

Sokrates Lazaridis

7thGreek Investment Forum in New York

Held on June 19-20, the 7thGreek Investment Forum in New York featured addresses by ATHEX CEO Sokrates Lazaridis, AmCham President Simos Anastasopoulos, and the Chairman of the Hellenic Capital Market Commission (HCMC), Professor Charalampos Gotsis. Lazaridis noted that total liquidity was up by some 20% in the year since the last forum, profits of listed companies increased, and new laws were introduced to reinforce corporate governance and offer the possibility for the issue of new securities and fund raising instruments. Anastasopoulos spoke of Greece’s imminent exit from the bailout program and the significant changes implemented along the way, noting that, “Greece is presenting with numerous investment opportunities today, and it is able to win the trust of the markets with its persistence in the implementation of the structural reforms that confirm its will to recover its competitiveness and a business-friendly environment.” Gotsis pointed to emerging favourable conditions in the country’s investment environment and the readiness to attract fund participation and foreign direct investment.

During his address, Alternate Minister of Economy and Development Alexis Charitsis stressed that the country is now on a steady course of growth, with significant improvement of quality indicators, such as the increase in exports and investments. He underlined that the Greek government is committed to supporting Greece’s international presence, improving relations with neighbouring countries, resolving diplomatic problems and undertaking initiatives at a regional level to solidify its leading role in the Balkans.

U.S. Ambassador to Greece Geoffrey R. Pyatt emphasized the relationship between the two countries and the importance of Greece for the USA, and noted the significant progress that Greece has made in terms of reforms over the past years and the great investment and business cooperation opportunities available for U.S. companies in Greece, particularly in energy, tourism, shipping, transit and production.

In addition to talks and presentations, there were also numerous B2B meetings between representatives of the U.S. investment community and representatives from major Greek companies. The primary goal of the Investment Forum is to foster the momentum of the US investment community’s interest in the Greek economy, since it represents the largest global group of fund managers. In recent years, foreign investors hold around 60% of Greek capitalization and participation of U.S. fund managers is by far its largest part.

The Greek Listed Companies that Participated in the Forum:
ADMIE HOLDING
AEGEAN AIRLINES
ALPHA BANK
ATHENS EXCHANGE GROUP
AUTOHELLAS
EUROBANK
FOURLIS
GEK TERNA – TERNA ENERGY
GRIVALIA PROPERTIES REIC
HELLENIC PETROLEUM
HELLENIC TELECOM (OTE)
IKTINOS HELLAS
MLS
MOTOR OIL
MYTILINEOS
NATIONAL BANK OF GREECE
OPAP
PIRAEUS BANK
PIRAEUS PORT AUTHORITY
PUBLIC POWER CORPORATION (DEI)
SARANTIS GROUP
THRACE GROUP
TITAN

Gold Sponsors:
Alpha Finance
Axia Ventures
Citi
Eurobank Equities/Auerbac Grayson
Euroxx Securities
Investment Bank of Greece
LXM
Marco Polo Securities
Morgan Stanley
NBG Securities
Piraeus Securities

Silver Sponsors:
Deloitte
Milbank, Tweed, Hadley & McCloy LLP

Media and PR Sponsor:
Public Worldwide

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