🇬🇷 Greek oil and natural gas company Gastrade has announced the final investment decision for the FSRU at Alexandroupolis. Now that the green light 🚦 has been given to move ahead on this project, Greece’s role as a gas hub is about to grow, providing diversification of energy routes and increased competition in the region. The LNG terminal and storage facility is anticipated to become operational by the end of 2023, connecting to the mainline grid through a 28 km pipeline. For more investment updates in Greece, read our economic bulletin, out now: https://bit.ly/3s7nvds #greece #greeceinvestorguide #gigeconomicbulletin
Decarbonisation, decentralisation, and digitisation are the pillars of Greek power giant PPC’s investment strategy. And the group’s green arm, PPC Renewables - ΔΕΗ Ανανεώσιμες, is at the fore of their renewable and new energy technology investments, both in Greece and at a regional level. CEO Konstantinos Mavros talks to us about the strategy behind greening and modernising Greece’s leading utility underlining the importance of striking smart deals with long-term investors. “After all, partnerships are key to success.”
Read more about PPCR’s driving role in Greece’s green transition at our exclusive interview: https://bit.ly/3KL2huI
#strategies4thenewgreece #renewables
We’re wishing you a happy and restful holiday! Celebrate, eat, drink, and spend time with those important to you (safely, of course!).
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When thinking about the dream destinations in Greece, it’s hard not to list Santorini. Germany’s Ambassador to Greece, @ernstreichel , is guilty of this himself; Santorini still tops his list, and it’s one of his first recommendations to German tourists. But he has another off-the-beaten-path recommendation: Zagorochoria, a hidden gem with breathtaking mountain landscapes.
To read more about the Ambassador’s travel suggestions, read our interview here: https://bit.ly/3oCmvgW
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Interview with Antonis Tsiboukis
Thessaloniki has all the ingredients required to foster innovation, start-ups, and meet the needs of technology giants. Just ask Antonis Tsiboukis, Managing Director of Cisco Greece, Cyprus, Portugal and Malta. The U.S. multinational chose Greece’s 2nd largest city to house a one-of-its-kind digital transformation centre, a place where co-innovation meets digital skills training, in a move aimed to accelerate Greece’s digital transformation. Seen as a vote of confidence, Tsiboukis tells us that while their decision was based on a combination of factors, the city’s rich talent pool and strategic location ranked top of this list, with Thessaloniki now providing Cisco with a springboard into Balkan markets to attract both know-how and business.
https://bit.ly/3ltAdAW
#strategies4thenewgreece #ciscocda
Apostolos Tzitzikostas Konstantinos Zervas Κωνσταντίνος Ζέρβας Thessaloniki, Greece
With Greece’s new regulatory framework for offshore wind aiming to attract €6 billion in investments by 2030, we asked one of the world’s foremost voices in the industry for his assessment of Greece’s RES landscape. Gabriel Alonso, CEO & President of U.S.-based @547 Energy – the clean energy investment platform of Quantum Energy Partners – says Greece has become one the most attractive markets for investments in clean energy over the last two years. In fact, 547 already has a wind energy portfolio of 400 MW in partnership with Greece-based ENORA, and is now looking to seize new opportunities in everything from offshore wind to storage to energy efficiency.
https://bit.ly/3FERE9o
What role will hydrogen play in ridding our energy systems of CO2? This is just one of the questions we asked Dr. Vasilis Gregoriou, Chairman and CEO of Advent Technologies Inc, a Greece-born and U.S.-based tech manufacturer of hydrogen technology fuel cells – key to produce carbon-free energy and heat. Gregoriou tells us he is betting big on the exponential growth of fuel cell technology over the next 10-15 years, having recently completed a round of corporate acquisitions in the U.S., Europe, and Asia in addition to a listing on Nasdaq. And while he acknowledges that the technology needs to make strides to become more cost-competitive, Advent is partaking in marquee projects that aim to unlock the transition to a green hydrogen economy.
Learn more about the role of Advent and hydrogen in the energy transition here: https://bit.ly/3HBwOJA
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Avramar, the Mediterranean's leading fish farming company, was born in early 2021 as a result of a four-way merger driven by the UAE’s Mubadala Investment and U.S. private equity fund Amerra Capital. CEO Alex Myers tells us they are now on a quest to drive Avramar and Greece's wider aquaculture sector into a development journey based on the belief that the industry can lead and excel at a global level. In addition to a €25 million investment plan targeting the modernisation and expansion of activities in both Greece and Spain, Avramar is changing the way the way they market their products – shifting from an export mindset to a multi-market mindset – while contributing to catapult the adoption of the Mediterranean diet across the world.
https://bit.ly/3F4gGhX
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Germany: A Partner of Greece's Energy & Digital Transformation
Greece is stepping into a green future, and Germany is eager to help, says Germany’s Ambassador to Greece, Ernst Reichel. Innovation is the key to investment, he tells us, and future investment is key to economic growth and a better future. Investments in Greece’s RES potential - such as RWE’s coming solar joint venture with PPC - could bring the country to the forefront of green energy development.
Read more at our interview here: https://bit.ly/3AGDhz0
#strategies4thenewgreece
Germany in Greece
Greece: A Country of Opportunity
Greece is a country of opportunity, says Germany’s Ambassador to Greece, Ernst Reichel, although this is no secret to Germany, who has long been Greece’s biggest investor. While there have been a number of recent success stories - from RWE's €1.3 billion investment in RES to TeamViewer's R&D centre in Ioannina to Volkswagen's participation on the Astypalaia pilot project - Greece is on track for many more, as word of mouth bears fruit and investors understand Greece's many comparative advantages.
Read more in our interview with Ambassador Reichel here: https://bit.ly/3AGDhz0
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Intrakat is deemed one of Greece's top construction groups, and for good reason: they were able to complete 14 regional airports across the country in record time, completely changing the face of Greece. And, according to Intrakat CEO Petros Souretis, the best is yet to come: the company has embarked upon an ambitious diversification strategy aimed at supporting Greece's transformation, prioritising PPPs, RES, and real estate development with plans to invest €1 billion over the next 8 years.
Read more at our interview here: https://bit.ly/39vJHVX
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The Best Places to Visit in Greece
Americans have been arriving in Greece in big numbers this year, thanks to the country’s quick decision to open to U.S. tourists. U.S. EMBASSY ATHENS' Geoffrey Pyatt cites the increase in direct flights from the U.S. to Greece and the cruise industry’s comeback as crucial to the bump in American tourists, while listing many of his preferred off-the-radar places to visit - and potentially invest.
Read more about the U.S. tourism boom in Greece at our interview: https://bit.ly/3gmi995
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Greece and U.S.: Deepening Ties in Energy, Technology, & Education
Greece’s relationship with the U.S. is at a historic high, thanks to major investments and science/tech agreements. And this is only the tip of the iceberg: President Joe Biden is committed to furthering bilateral ties, and in a recent trip to Greece U.S. Senator Bob Menendez called Greece an "ideal partner for the United States." As U.S. EMBASSY ATHENS' Geoffrey Pyatt tells us, “There’s really no limit to what we can do together.”
Read more at our interview here: https://bit.ly/3gmi995
#strategies4thenewgreece
Greece and U.S.: Champions of the Energy Transition
Do names like Advent Energy, GE, Invenergy, and 547 sound familiar? These are just a few examples of American companies looking to expand their footprint in Greece's RES. Wondering why they consider Greece such an important market? As U.S. EMBASSY ATHENS' Geoffrey Pyatt tells us "Greece is the Saudi Arabia of wind and solar in terms of the resources that it enjoys," but there’s also the government’s push for policy innovations, the fact that Greece is an EU member state, along with the country's growing reputation as a test-bed for new innovative energy technologies.
Discover more about Greek-U.S. bilateral relations at our interview with Ambassador Pyatt, here: https://bit.ly/3gmi995
Have you checked out our Chinese special edition of Greece Investor Guide? It's your one-stop guide to doing business and investing in Greece. Head to our English digital edition here and access some of our online exclusives, like our video testimonials, through the QR codes included in the guide: https://bit.ly/2TW4rSE. Simply scan and enjoy!
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Greece’s real estate market has proven its resilience through the pandemic, with demand from foreign investors only expected to increase in the coming years, particularly within the commercial real estate space. So how can you get your foot in the door in this sector? BeiLei Zhang, Founder and MD of Elinet, explains that while commercial real estate investments have a higher entry barrier when compared to residential property, they have huge potential.
Read more about Elinet and their work in the commercial real estate sector here: https://bit.ly/3yB84wd
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Greece as an Investment Destination
Bank of China believes in Greece's post-pandemic era. Shuping Li, the GM and Country Head of the bank’s Athens Branch, says Bank of China is looking to assist investors see opportunities in sectors including energy, infrastructure, tourism, and agriculture, while also supporting Greek SMEs to export to the Chinese market through their own Cross-border Matchmaking service.
To learn more and to get the rest of our interview with Ms. Li, read our interview here: https://bit.ly/37sjvu5
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Greece's energy market underwent profound changes since adopting the Target Model in November 2020, mainly to attract investments, enhance competition, and kickstart the country's RES transition. The Regulatory Authority for Energy’s President, Athanasios Dagoumas, discusses Greece’s new electricity market and what this means for investors, highlighting a new electricity market reform plan that is slated for submission to the European Commission by the end of July.
Read more at our interview here: https://bit.ly/3eApIIF
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7 Priorities for Greece's Economic Transformation
Greece is ready for a comeback. Finance Minister Christos Staikouras underscores 7 priorities to enable the country's economic transformation with the reduction of NPEs, the implementation of structural reforms, and a rationalised fiscal policy ranking high among them.
Want to learn more about Greece's economic recovery strategy? Read more at our interview with Minister Staikouras here: https://bit.ly/3jWQD4O
#strategies4thenewgreece
Widely known as Greece's smartest city, Trikala, has become a model for the digitisation of municipal services across the country thanks to continued efforts to embrace technology. City Mayor, Dimitris Papastergiou, who is also President of the Central Union of the Municipalities of Greece (KEDE), says the widespread uptake of programmes such as the Citizen Service Line, “20000,” was crucial in aiding the homebound during the pandemic. Through collaboration with public and private enterprises, combined with a continued drive to embrace the new, Trikala is a city to watch in Greece’s future.
Read more about this smart city in our interview with Mayor Papastergiou here: https://bit.ly/3q1GQvp
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