Enterprise Greece S.A.: The official Investment and Trade Promotion Agency of Greece

http://www.enterprisegreece.gov.gr/en.html

 

(from the EU document "An investment plan for Europe")
Member States (...) should create an environment that is more conducive to investment by private actors.
 
Invest > Doing Business > Investment Incentives Law
This Law (4146/2013) “Creation of a Development Friendly Environment for Strategic and Private Investments” of the Ministry for Development, Competitiveness, Infrastructure, Transport and Networks, aims at modernising and improving the institutional framework for private investments, subject to investment laws.
 
 

 

Invest > Investment Sectors

(Excerpts from individual sectors)

 

Investing in the Greek Food & Agriculture Sector

The prevalence of the Mediterranean Diet, as a premier paradigm of healthy, natural eating across the world.

 

Investing in the Greek Energy Sector - The Greek Energetic Mix (Solar, Wind, Geothermy, Biomass/Biofuel etc)

 

Greece "is emerging as a strategic energy hub in Southeast Europe and a desirable location for investment."
 
Greece’s strategic geo-economic location, between energy producers in the Middle East, North Africa, and the Caspian Sea region, as well as on the vital transport routes of the Aegean Sea and the Eastern Mediterranean, mark it as the expanding hub between East and West.
 

 

"Greece’s Energean

Set to Be a Regional Oil Leader"

http://www.bloomberg.com/news/2014-10-09/greece-s-energean-set-to-be-a-regional-oil-gas-leader-c.html

 

 

Investing in the Greek ICT Sector


"The ICT sector is one of the most significant in the Greek Economy, driven mostly by the demand for automation and digitalization in the Greek public and private sector.
 
Greece possesses a skilled workforce, educated in high-quality technical institutions with global experience and entrepreneurial talent.

 

Greek engineers have been included in the top 20 ICT human resources pool globally by the Economist and have topped the ITUICT development index.

 

Business opportunities such as the establishment of software development labs, or microchip and MEMS design centers, data centers and R&D labs can be established with full state support and staffed with highly qualified available employees so they generate high returns in a very short time."

 

"Motorola, Greece: There were many reasons why we chose to invest in Greece, the first one being the growth of the telecommunications market in Greece and the second one was the ability to use Greece is a base for business development for the Balkan countries." 

 

 

Investing in the Greek logistics sector

 

"Greece stands on the crossroad of three continents (Europe, Asia, Africa) (…).

 

More specifically, maritime transport is the most important mode of global freight transport, accounting for 80 per cent of global trade by volume and over 70 per cent by value (1). According to a recent study, container throughput in European ports is growing at 6% annually (2), while traffic through South-East Mediterranean ports has been growing at more than 8% annually (3). Trade flows between Asia and S.E. Europe are expected to increase by 7% annually for the years to come4.

The potential for Greece to become a major logistics, distribution and assembly hub for Europe has been recognized by major investors such as Chinese COSCO, which is already heavily invested in the Piraeus port.  On January 22, 2015, COSCO inaugurated a new investment of 230 million Euro for the expansion of the PIER III of the port. Also significant is a recent agreement between the Hellenic Rail company TRAINOSE and HP for the exclusive transport of HP goods coming through Piraeus to the European markets. Following the same path, in December 2013, Huwaei established a pilot distribution center in the Port of Piraeus whereas ZTE Corp has recently announced that a logistics center will be developed in the Port of Piraeus."

 

"Why Greece:
Competitive Freight Costs

Transport Infrastructure - Continuing investment in road and rail infrastructure means that Greece’s major ports are now directly interconnected with modern road and rail links (…)
Advantageous Location: Greece is part of the EU’s Orient/East-Med Corridor that connects the maritime interfaces of the North, Baltic, Black Sea and Mediterranean.
World Champion Shipping Sector: Greek ship owners control the world’s largest merchant fleet."

 

 

 

 

http://www.olp.gr/en/the-port-of-piraeus/strategy-vision

Piraeus Port, Largest Passenger Port In Europe and one of the Largest Passenger Ports In The World

Major Logistics Hub

- Strategic geographical position at the crossroads of Asia - Africa - Europe

- Infrastructure and natural depths for the accommodation of even the largest modern container ships

 

 

Distance of Piraeus Port 

Port

 

Distance

       Hours

Thessaloniki

252

11

Instanbul

 

352

15

Port Said

 

593

25

Ashdod

 

657

27

Constanza

548

23

Koper

 

835

35

Genoa

 

972

41

Marsaxlokk

517

22

Novorossiysk

808

34

Gibraltar

 

                 1.481

 

65

 

 

Bloomber 2014-02-25

http://www.bloomberg.com/news/articles/2014-02-25/piraeus-port-has-geostrategic-edge-as-greece-pushes-logistics

 

A model is a March 2013 agreement by California-based HP to use Cosco Pacific’s Greek unit, Piraeus Container Terminal SA, to move goods manufactured in Asia into Europe. This became possible after the Greek government rushed to complete a long-delayed 17-kilometer (10.6-mile) link from the port to the national rail network following Cosco Pacific’s arrival on the Greek scene.

 

Piraeus jumped seven spots in 2011 with year-on-year growth of 98 percent, the largest increase of any port in the top 20, according to Eurostat, which lists the top five as Rotterdam, Hamburg, Antwerp, Bremerhaven and Valencia.

 

Trichas said the logistics industry including transportation contributes around 10 percent to 12 percent to Greek gross domestic product, which has shrunk by about a quarter since 2008, and can help revive economic growth. He cited the importance of making Greece a transit route for goods.

 

“We have a big opportunity with the port of Piraeus. A whole industry could develop around Piraeus looking to more container traffic.”

 

 

 

Deutsche Welle (November 2014)

After the Chinese electronics companies Huawei and ZTE and the American Hewlett Packard, now Japanese Sony wants to use Piraeus as a hub for the Central and Eastern Europe Markets.

 

Chinese have big plans and they want to make Piraeus a commercial hub for import of Asian cars in Europe and European cars in Asia.

 

 

 

 

 

Der Spiegel 2015-04-09

http://www.spiegel.de/international/business/china-seeks-gateway-to-europe-with-greek-port-a-1027458.html

A Chinese executive with shipping company Cosco has helped transform part of Athen's Port of Piraeus into a success story. The multinational firm now has a controversial plan to acquire the whole facility and put it on track to join the ranks of Hamburg and Rotterdam.

 

One could argue that China's long path to Piraeus, Greece, began on April 27, 1961. It's the day Mao Zedong founded the communist state's first freight company, the China Ocean Shipping Company (COSCO).

 

"The largest ships happen to be very large," says Fu. "And we are simply twice as fast. We can now complete 36 container movements per hour, and time is money.

 

Recently, three freight trains began leaving the port each week. "Those are peanuts, of course," Fu says. "But it's only the beginning."

 

(...) could reach Germany, Hungary and Austria "between seven and 11 days" faster.

 

Fu claims everybody thought he would bring in his own longshoremen, pilots and fitters from China. "I told them, no, this is your company. We are only coming with seven managers." All construction contracts went to Greek companies, he says. "In five years, Cosco hasn't sent a single euro back to China. Everything is being invested! New loading bridges, electric jacking systems!"

 

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