Category: ECONOMY

News about economy

Delphi to host top level Economic Forum

The first annual Delphi Economic Forum will be held at the European Cultural Centre of Delphi (ECCD, February 25 – 28, 2016) under the auspices of the President of the Hellenic Republic, Prokopis Pavlopoulos. The aim of the conference is to engage business, political, academic and other influential opinion makers, in an effort to address emerging challenges for Greece and to contribute to a policy framework that will set the grounds for the country’s socio-economic transformation and revival.

Among the issues to be discussed at the Conference, according to the 4-day program, are the shifts in the global balance of power, strategies for sustainable development, Greece’s constitutional revision dilemmas, Europe’s migration and refugee crisis, Foreign Direct Investment and entrepreneurship as key drivers for the Greek economy, energy issues, the Greek pension system and the demographics of ageing, media and education reforms, the cooperation with the Greek Diaspora, as well as extremism and populism as challenges for the future of Europe.

High-level government officials, influential politicians and major experts from Greece and abroad are expected to attend, as well as distinguished businessmen, market executive’s academics and journalists from the international and domestic community. The list of speakers includes Helene Ahrweiler, President of the Administration Council of ECCD, Ioannis Dragasakis, Deputy Prime Minister of Greece, George Katrougalos, Minister of Labor, Ioannis Amanatidis, Deputy Minister of Foreign Affairs, Kostas Bakoyannis, Governor of Central Greece Region, Dimitris Avramopoulos, European Commissioner for Migration, Corina Cretu, Regional Policy Commissioner, Declan Costello, Director of Economic Relations of the European Commission, Deborah Wince-Smith, President and CEO, US Council on Competitiveness, Lucas Papademos, former Greek Prime Minister, Thanos Dokos, Director General Hellenic Foundation for European and Foreign Policy, and many more.

Τhe Conference is taking place in Delphi, one of the most important archaeological sites of Greece, which seems to appear in the itinerary of every traveler who is attracted to the oracle that influenced affairs in the known world for over a thousand years.

(greeknewsagenda.gr)

February 4, 2016
Arab-backed fund signs $434m deal to buy luxury Greek resort

The new agreement includes amended special zoning and spatial planning for the development of Astir Palace.

Greece’s privatisation agency said it signed a €400 million ($434.3 million) deal with Jermyn Street Real Estate Fund to sell Astir Palace, a luxury seaside resort outside Athens.

Greece’s top administrative court had blocked the sale of the Astir Palace hotel complex in March, saying the town planning scheme that Greece submitted violated Greek law, as the construction of a large number of residential buildings would harm the natural and urban environment.

“Jermyn Street Real Estate Fund has signed the new agreement to submit the amended special zoning and spatial plan for the development of Astir Palace,” the Hellenic Republic Asset Development Fund (HRADF) said.

The fund represents investors from Turkey, Abu Dhabi, Dubai, Kuwait and other emirates.

The agency said the agreement ensured that the fund’s development plan for the resort was adjusted to the court’s opinion.

“The whole process is expected to be completed within the first half of 2016,” HRADF said.

The agency is expected to cash in about €100 million from the deal. The rest of the proceeds will go to National Bank, Greece’s largest lender, which owns about 85 per cent of the resort.

Privatisations have been a key condition of Greece’s international bailouts since 2010, but its state asset sales scheme has produced poor revenues due to bureaucratic delays and lack of political will.

So far, Athens has raised only about €3.5 billion from state asset sales versus an original target of €50 billion.

(neoskosmos.com)

January 19, 2016
7th Annual Capital Link Invest in Greece Forum

For the 17th year, a major international Forum on Investing in Greece is taking place in New York City on Monday, December 14th, 2015 organized in cooperation with the New York Stock Exchange and major global banks.

We invite you to join the Forum – institutional investors can also request 1×1 meetings with government officials and company management.

There is no charge to attend for qualified attendees. Registration is by Invitation Only.

THE FORUM FEATURES:

Four Greek Government Ministers,

Eight global investment banks, (Senior executives from: Citi, BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs, Merrill Lynch Bank of America, Mizuho, UBS)

Senior representatives from the International Monetary Fund, the European Commission, the European Central Bank and the European Stability Mechanism,

Top US investors including Paulson & Co, WL Ross & Co, York Capital, Calamos Investments,

Corporate CEOs from Greece and the United States including senior executives from the three Greek Banks

There are several panel discussions focusing on the developments and outlook of the Greek Economy and business and investment opportunities in the country. Greece has been going through a time of unprecedented difficulty and change, as the country restructures its economy and strives to embark on a period of renewed growth and stability. A lot of progress has been achieved, but there are still significant challenges ahead. Developments in Greece have far reaching implications for the European Union and the global economy.

To register please click on the link below:

http://forums.capitallink.com/greece/2015/

December 2, 2015