|3RD GREEK INVESTMENT FORUM IN NY|
The Athens Stock Exchange (ATHEX) and the American-Hellenic Chamber of Commerce (AmCham) successfully hosted the 3rd Greek Investment Forum in New York, “GRforGRowth,” on June 11 and a two-day roadshow on June 11-12, at the Harmonie Club in New York City.
The Forum served to inform the US business community on the significant new investment opportunities that have emerged as a result of structural reforms and Greece’s ongoing efforts to recover from the severe effects of the economic crisis and boost its economy.
The Keynote Speakers for the forum were George Zanias, Chairman Hellenic Bank Association, and Matthew Murray, the Deputy Assistant Secretary for Europe, the Middle East and Africa U.S. Department of Commerce, International Trade.
Panel participants included prominent US and Greek business leaders such as Hans Humes, CEO of Greylock Capital; John P. Calamos, Chairman and CEO of Calamos Investments; Michal Houst, Executive BoD Member and CFO of OPAP; and Odysseas Athanassiou, CEO of Lamda Development. The country’s most promising companies representing key growth sectors, including real estate, energy, retail and technology, will be in attendance to participate in the roadshow.
“After a period of great uncertainty, Greece’s business climate is improving rapidly, making this an opportune time to invest in the country,” said Simos Anastasopoulos, President of AmCham. “Favorable pricing, new financial incentives and the implementation of extensive structural reforms have created a plethora of compelling investment opportunities, in both the private and public sectors, which we intend to showcase at the Forum.”
Four years after Greece received its first bailout package, the country is not only showing signs of an economic recovery, but undergoing what some consider an astonishing financial rebound. In recent weeks Greece returned to the markets with a $4.2 billion bond offering, at a yield of 4.95%, which drew orders exceeding $20 billion from private investors; the country recorded a primary surplus of €1.5 billion in 2013; and the Athens composite index is up more than 23% over the past 12 months.
“These latest developments mirror the remarkable progress Greece has made thus far, turning the country into a solid destination for foreign investors. I believe we now have a great opportunity to capitalize on positive market sentiment and give our economy the boost it deserves,” said Socrates
Lazaridis, Chairman of the Athens Exchange. “As part of our commitment to growth in the Greek markets, I am confident that both the Forum and the roadshow will serve to strengthen economic opportunities for Greek listed companies and entrepreneurs, as well as support the positive initiatives taken on a national level to attract foreign direct investment.”
On the occasion of the 3rd Investment Forum, Amcham had the following important meetings.
President Simos Anastasopoulos and Executive Director Elias Spirtounias met with the Archbishop of America His Eminem Demetrios at his office at the Archdiocese. During this cordial meeting Amcham President Anastasopoulos referred to the latest initiatives of the Chamber and he pointed out the need for stronger collaboration with Greek-American organizations and associations under the auspice of His Eminem for programs and projects that would aim to attract investment and to foster entrepreneurship in Greece. His Eminem Demetrios stated that He and the whole Greek-American community are standing by Greece and they are doing whatever is possible to assist Greece to overcome its current problems. He welcomed the idea of a coordinated effort that would lead to more effective and catalytic results for Greece.
President Simos Anastasopoulos and Executive Director Elias Spirtounias met Matthew Murray Deputy Assistant Secretary for Europe, the Middle East and Africa U.S. Department of Commerce, International Trade.
Mr Murray expressed positive comments for the work that the Chamber does in Greece and for the stronger collaboration that has been developed with the US Embassy on several projects that aim to foster entrepreneurship and the change of the business climate in the country. Mr. Anastasopoulos referred to the strong commitment of the Chamber in assisting any effort that would help the country to develop entrepreneurship, to confront unemployment and to strengthen the commercial trade between the two countries.
Executive Director Elias Spirtounias met with Thomas Cummings, Regional Director Northeast & Mid-Atlantic Regions of the EX-IM Bank. The purpose of the meeting was to explore the framework and any possibilities for funding projects in Greece that will be implemented by joint ventures between American and Greek companies that will result to the utilization and export of US technology and products not only to Greece but to other countries as well.
President Simos Anastasopoulos and Executive Director Elias Spirtounias met with Carmella Mammas, Director of US Export Assistance Center of the US Department of Commerce and her associates in an effort to discuss prospects of collaboration with state and private agencies in order to increase the number of US companies in Greece and to promote mutually beneficial synergies between US and Greek companies
- June 11, 2014 - June 12, 2014
8:00 am - 5:00 pm