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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
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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
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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 ESOAV which is still active (of this, 70% goes
to big infrastructure works and 30% to subsidize
Greek FDI in the region)
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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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