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Country Presentation (Greece)

Country Presentation (Greece). Eastern European Think and Act Tank NY, 24 April 2008 Presented by Vassilios Sitaras, Vice Consul, The Greek Trade & Economic Office in NYC. General Information Cont’d 2. Top 6 foreign investors by country : Germany, France, UK, USA, UAE, Egypt

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Country Presentation (Greece)

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  1. Country Presentation (Greece) Eastern European Think and Act Tank NY, 24 April 2008 Presented by Vassilios Sitaras, Vice Consul, The Greek Trade & Economic Office in NYC

  2. General Information Cont’d 2 • Top 6 foreign investors by country: Germany,France, UK, USA, UAE, Egypt • Top 7 foreign investors by company: Orascom Holdings, Deutsche Telecom, Credit Agricole, Dubai Investment Fund, Starwood Hotels, BC Partners, AXA • Growth industries with high potential for FDI: Banking, Telecoms, Tourism, Energy

  3. Greece as the “springboard” to the Balkans and the Black Sea area • In SE Europe, more than 3,500 Greek companies have invested more than 13 b. euros ($ 20 b.) since the early 1990s in both production facilities and services • Greek banks operate a network of 1.200+ branches in SE Europe (excluding Turkey, where the 3 out of 4 major Greek banks, NBG, Alpha Bank and EFG Eurobank Ergasias have invested $ 7.5 b.) • In 2002, Greece initiated a 550 m. euro (about $ 850 m.) economic reconstruction program for the Balkans named ESOAVwhich is still active(of this, 70% goes to big infrastructure works and 30% to subsidize Greek FDI in the region)

  4. Main strategy to attract US investment • Industries most attractive for US investors are tourism, education, IT and telecoms, health, banks & renewable energy • At the end of 2006, FDI stock from the USA was a little over $ 2 b. • Top US companies in Greece include Citibank, Starwood Hotels & First Data • The 3 Greek Trade Offices in Washington, New York and Chicago are planning a series of events to attract potential US investors

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