Special Edition 2023

of Storage Italy & Greece

35 years

LEADER IN ITALY – GREECE TRANSPORTATIONS

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In a particularly dynamic market with many prospects for further development, Greece has been developing in recent years, at the level of promoting commodity flows from and to Europe, transforming itself at a new South-eastern European Logistics Hub.

The country’s main port, Piraeus, ranking 4th at the European Container Ports Rank, and the Port of Thessaloniki in the North, are both high-levelled and appreciated by depositors from all over the world, given their excellent geographical position and capabilities.

The country at a strategic level, places the Supply Chain sector second, after tourism. The sector contributes to the national GDP by more than 11%, creating a new modern law that governs the needs of the Supply Chain, operating on a permanent basis National Supply Chain Council - as the central government’s key advisory body and undertaking multiple initiatives to facilitate related investments.

On the private sector side, companies operating in the wider logistics service industry are showing remarkable dynamism, are a steadily rising force and have significant growth prospects, adapting to a difficult economic environment and having proven that they can withstand special situations.

OMIND CREATIVES and it’s magazine “Supply Chain & Logistics”, is one of the leading marketing companies in the Greek industry, focusing our philosophy on three pillars: Vision, Responsibility, Reliability. Thus it is the third time we participate as exhibitors at the ‘TRANSPORT-LOGISTIC/Munich Exhibition’ through the Hellenic Pavilion (Hall 4 / Stand 113/214). It is also the third time we publish a Special English Edition of the Magazine, which is addressed to anyone who is interested to the Greek Market and is looking for further information on how to start up, step by step.

This Special Edition, begins its journey, in the context of the national logistics mission in Germany, May 2023, but will also be sent to other international exhibitions (p.e. SIL Barcelona/ June 2023) and will also reach the offices of all the appointed institutional authorities and the leading business in Greece and across the Greek borders, informing them of the development prospects of the country.

Theodoros Dimitriadis CEO OMIND CREATIVES & Publisher of ‘SC&L’ Magazine-Greek

At a time when Greece regains a national development plan for the Supply Chain Sector, connected with port infrastructure, modernization of the railway network and completion of highway network (which is also connected to the European Trans-European Network), the leading Greek magazine for Supply Chain & The Logistics market “SC&L” magazine, and its publishing company OMIND CREATIVES, contribute one more time to the acknowledgment of the Greek Market.

This Special Edition is a comprehensive guide of the Greek Logistics Market. It contains all the information one will need to step by step start up into the Greek Market (Taxation System, Legal Framework, Insurance Obligation) and furthermore, will provide one with up-todate information as far as Why it is Interesting to Invest in the Greek Logistics Market at the time being.

Moreover, some of the most fast-growing Greek Logistics Companies, present themselves through a Business Directory Sector, proving why Logistics can become the locomotive of the Greek economy and play a significant role in Europe.

This is the third time in a row that the Greek magazine ‘SC&L’ and OMIND CREATIVES participate as exhibitors at ‘Transport – Logistic’/Munich, and we are really proud to also call yourselves Press Partners of the exhibition. You can find us at Hall 4/ Stand 113/214 at the Hellenic Pavilion and of course you are all invited to the Greek Logistics Exhibition in Athens at September 30 – October 2, 2023 (you can read more at pages 69–72 of the current issue).

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Antonis Moschonidis

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Mary Efthymiatou editor@supply-chain.gr

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EDITORIAL

INTRO & INDEX

COVER STORY

WHAT YOU NEED TO KNOW FOR THE GREEK LOGISTICS MARKET

INFOGRAPHICS

THE GREEK LOGISTICS PANORAMA

SURVEY

5TH PANHELLENIC SURVEY OF THE HELLENIC LOGISTICS ASSOCIATION (EEL) & AEGEAN UNIVERSITY’S SUPPLY CHAIN SECTOR

LOGISTICS DIGEST

EY RESEARCH: THE PROSPECTS FOR THE EMERGENCE OF GREECE AS AN INTERNATIONAL TRADE CENTRE IN THE NEXT DECADE

SEA AIR

WE PROVIDE BOTH info@marinair.gr • www.marinair.gr

IOVE ESTIMATES FOR THE GREEK ECONOMY

COVER STORY_WHY TO INVEST IN THE GREEK LOGISTICS

MARKET

BUSINESS DIRECTORY

INVESTORS GUIDE_ STEP BY STEP TO THE GREEK MARKET

· TAXATION

· INSURANCE MARKET

· PORTS

· LEGAL FRAMEWORK

THE HELLENIC PAVILION AT ‘TRANSPORT LOGISTIC 2023’

MEET YOU AT THE GREEK SUPPLY CHAIN & LOGISTICS EXHIBITION 2023

WHAT YOU NEED TO KNOW FOR THE GREEK LOGISTICS MARKET

• COPYEDITING BY MARY EFTHYMIATOU *CHIEF EDITOR ‘SC&L’ MAGAZINE – GREECE

The Transport & Logistics Industry is one of the most important sectors of the national economy and a major source of income, wealth and prestige for Greece, as it contributes to the GDP by more than 11% (you can read more at page 18).

In a challenging global environment, the Greek Transport & Logistics community is heavily investing and expanding its footprint. Like most industries, transportation, and logistics (T&L) in Greece is currently confronting immense change; and like all change, this brings both risk and opportunity. New investments, new technology, new market entrants, new customer expectations, and new business models emerge in Greece. There are many ways the T&L sector could develop

to meet these challenges, some evolutionary (like market consolidation), others more revolutionary (e.g. trade gates, logistics parks, etc) { SEV Hellenic Federation of Enterprises}.

Outsourcing is a major opportunity both for 3PL providers and for shippers if proper consolidation and economies of scale emerge

The Business Pulse

According to the ‘Business Pulse’ Survey of the Hellenic Federation of Enterprises (2022):

• Reforms are improving the business environment, according to the Indexes of Macro and Micro Obstacles (4.9 and 4.8 points respectively, with an optimum of 1). There is significant improvement in the level of tax rates (extreme difficulty fell from 70.6% to 45.5%)

• Companies expect a gradual recovery of the economy as they positively assess their current and future status, with the highest percentages since 2017 (46% and 42% respectively); also 55% expect their turnover to increase in the next year

• 53.7% believe that the measures to support companies in response to the pandemic are effective

• Digital public administration services show the importance of digital transformation for a more efficient economy; over 58% of businesses rate the top 3 digital public sector agencies positively

• Investment plans remain unchanged for 62% of large companies despite the pandemic, highlighting the importance of achieving critical mass to ensure that companies remain resilient, and the economy grows

• 72% of companies are concerned about price increases including in the cost of raw materials, as well as transport and energy costs; the prospect for absorption without increases is price lists is not promising

• Companies with more than 10 employees are concerned about high energy costs, as they consider it as the main obstacle to their daily operations (micro environment)

• 70% of companies have high expectations of the National Recovery and Resilience Plan and believe it will make a positive contribution to the economy

• For a minority but significant part of the market, the need for raising awareness of the challenges of green growth is identified, as only 28.7% of small companies consider it very or extremely important (compared to 50% in large companies)

Market characteristics

Despite the positive figures, disparities like corporate size and diversification of business activities can delay a fast convergence to EU standards and financial return. Small and medium-sized enterprises stand out compared to larger 3PL providers. Smaller 3PL may add flexibility to the sector but size is evident in key business figures like sales, volume, investments, ROA, etc.

This fragmentation has led manufacturing and traders to insource logistics in a ratio of 80-20, while in many EU countries this ratio is often reversed. Insourced logistics are still dominant, which mainly links to red tape and regulatory barriers in 3PL and truck operations.

A recent study by SEV, backs the argument that digitalization of all supply chain activities in Greece can impact significantly on the sector’s financial performance as well as on fiscal revenue. For example

• e-tracing may offer up to 45% time reduction in warehouse management and 25% increased labor efficiency

• up to €200m may increase in tax revenue by reducing smuggling

• up to €1,4b annual savings in transaction costs, assuming that Greece meets the average EU use of e-procurement.

• 20% - 50% cost reduction due to improved controls on containers and documents

• up to €1,4b savings from universal use of e-invoicing at the private sector

• up to 80% reduction of fake / bogus tax documents with a significant increase of tax revenue

But much of this is hampered by inconsistencies in EDI, shipment sizes, customs documents, proof of delivery, e-signature validation, etc. An increasingly competitive environment is another big factor in the mix. Many of the sector’s own customers still insource logistics by 80%, while 3PL players are finding ways to carve out the more lucrative elements of the value chain.

Sharing is yet another big game changer for Greek logistics now – from Uber-style approaches to last-mile delivery, urban consolidation centres, JVs and partnerships, the whole sector is trying to redefine collaboration.

Scale-up, shake up: Market synergies can have a big impact

This can address the complex competition currently in Greece where large industrial or retail customers and suppliers become players in the logistics market themselves. They are not just managing their own logistics but are turning that expertise into a profitable business model. In addition, the current market leaders will soon compete το acquire market share from smaller players (or even acquire the smaller players themselves), achieving scale through consolidation and innovation.

Investment opportunities

A major investment will be underway at Thriasio Logistics Park soon, and the Transportation Cluster Park at Fili- Attica (2024). Both of these clusters are expected to create a state of the art hub, connected with the port as well as with railway corridors to central Europe.

Additional investment opportunities include the following sample cases (SEV Survey):

• A logistics cluster centered on Piraeus trade gate, coupled with international marketplaces and showrooms. The trade gate can also benefit from a new business / financial hub which will raise interest in real estate

• Although Piraeus port has yet to take full advantage of its investments, the setup of a trade gate around Thessaloniki port combined with an agro-hub at Sindos and/or Gonos sites, can provide a significant investment opportunity which may boost regional economy by €2b (10% of regional GDP) approx. The privatization of Thessaloniki port supports further this trade gate

• Dry ports in areas like Volos, Alexandroupolis, Kavala, etc. Such hubs may supplement the operation of Piraeus and Thessaloniki ports

• Small-to-medium size agro-hubs to capitalize regional production

• Digital applications throughout the supply chain (from customs to consumers) which will increase efficiency and transparency of all logistics transactions

• Operational re-engineering towards synergies, market consolidation, load optimization and outsourcing, as outlined in previous sections

• PPPs for seaplane transport, railway line to Lavrio port, etc.

Greek 3PLs are moving to added value services expanding traditional warehousing to comprehensive supply chain management

GREECE'S INVESTMENT IMAGE ΗΑS IMPROVED

Greece's sign in the international investor satisfaction indicators is positive. Direct foreign investments have multiplied over the last 4-year period and projections remain positive

2021 was the 2nd best year for Greece in number of Direct Foreign Investment Projects that reached 30

Out of these, 17% concerned Logistics

UPGRADE IN INFRASTRUCTURE TRANSPORTATION PROJECTS

From 2015 to 2022, the Central State's investments in upgrading Infrastructure and Transport Networks have quadrupled compared to the past (annual Public Investments Programme data). The intensification of concessions through HRADF, and the completion of the Major Road Projects has improved the confidence of businessmen & investors towards the country

37% of foreign enterprises plan to expand their operations in Greece (2021 data)

(source: EY European Investment Monitor)

73% improvement in the completion of infrastructure –transport – Logistics projects

81% of active businesses express satisfaction with central state’s actions to attract new investments

In the two-year period of 2020-2022 the demand for Large Storage Spaces of 80–100 acres in Attica – Thessaloniki doubled

13 billion euros from the 2021–2027 NSRF concern sustainable infrastructure & transport projects, 4 billion euros of which concern exclusively Port & Railway upgrade projects throughout Greece

(sources: Information from Hellenic Ministry of Infrastructure, Transport and Networks, Hellenic Ministry of Development)

FOCUSING ON INVESTMENTS IN INNOVATION AND DIGITALISATION

Business 4.0 is a reality, elements of which became a daily routine for businesses, perhaps a bit violently, with the emergence of covid-19 pandemic in 2020, as they were required to implement digitalisation solutions which had only existed on paper until then. The surveys which have seen the light of day (and the corresponding surveys that have been carried out by O.MIND

CREATIVES in collaboration with Optilog Advisory Services) have indicated that in the following 3–5-years more than 75% of enterprises intend to invest in Innovation – Digitalisation

of active businesses invested in Innovation in the 2018–2020 period, bringing Greece to the No. 1 position of the relevant Eurostat index

of businesses focus on Data Analytics related investments

of those already talk about Internet of Things and AI applications

of active businesses state that they will invest in Cloud services

of managers state they will double spending on data-centric-enterprises

445 million euros

have been allocated through NSRF for the digital upgrading of Small and Medium-sized Greek Enterprises (SMGEs) in the last year alone

(sources: Eurostat, EY Tech Orizon)

ELECTROMOBILITY IS RAPIDLY CHANGING THE FIELD

Road freight transportation is changing rapidly as it is subjected to fitfor55 European legislation. Electromobility is already a reality, it has been incorporated into national legislations and provides a bright glory field both for investments in networks and for changes in the operation of commercial vehicle fleets. At the same time, investments in Renewable Energy Sources (RES) in the Logistics sector are multiplying

4 billion euros were spent by the Greek state in the two-year period of 2020–2022 for the promotion of electromobility and the energy upgrade of enterprises

Greece is No. 2 in the world in terms of attractiveness for RES & Logistics

16th place for Greece in the RECAI index (potential of alternative energy sources)

By 2030, the country's RES capacity, which is currently 10 GW, will have tripled

(sources: Ministry of Energy, EY RECAI, Eurostat)

GREEK THE

LOGISTICS panorama

5TH PANHELLENIC SURVEY OF THE HELLENIC LOGISTICS ASSOCIATION (EEL) & AEGEAN UNIVERSITY’S SUPPLY CHAIN SECTOR THE GREEK LOGISTICS SECTOR

IN CONSTANT REFORMATION

The Hellenic Logistics Association (EEL), in collaboration with the Design, Operations, & Production Systems Lab (DeOPSys) of the Department of Financial & Management Engineering of the Engineering Faculty of the Aegean University, concluded a while ago the 5th panhellenic survey in the supply chain sector.

In the following interview, the president of the Hellenic Logistics Association (EEL) Mr Vasilis Zeimpekis, analyses the main findings of the survey, which highlight the issues that businesses in the market face, as well as future trends.

SC&L: What was the aim of the research and what was the profile of the participating businesses?

V.Z. The aim of the 5th Panhellenic research that was conducted by the Hellenic Logistics Association (EEL) in collaboration with the Design, Operations, & Production Systems Lab (DeOPSys) of the Department of Financial & Management Engineering of the Engineering Faculty of the Aegean University was double: a) To assess Greek logistics and their contribution to the country and b) to record the trends, prospects, and challenges of Greek logistics through the voice of Greek businesses. At this point I would like to thank the 207 businesses that participated in the survey, on behalf of EEL and the Aegean University. Specifically, 60% of the sample concerned businesses with activity in the marketing sector, 29% in the logistics and transport services sector and 11% in the manufacturing sector.

SC&L: What is the current state of the logistics industry? What are the main findings of the research?

V.Z. An initial finding is that the outsourcing rate continues to be low (19% of the businesses surveyed have opted for full outsource of logistics procedures) compared to the European average, while transport / distribution and warehouse activities are the two main activities that businesses outsource to logistics

service providers (Figure 1). Additionally, the cost of logistics in relation to the total operating costs ranges from 1% - 10% in the majority of the sample businesses. The businesses that have chosen the in-house business model, have managed to have estimated costs very similar to those of 3PL.

In addition, due to the development of e-commerce, it is important to mention that both commercial / manufacturing businesses and logistics businesses have turned their attention to the use of small and medium vehicles, in order to increase the speed and flexibility of distribution in urban centers (city logistics). Finally, the use of information systems is at a satisfactory level, while the reports for the implementation of automation and 4.0 logistics technologies are encouraging (Figure 2).

SC&L: What are the prospects and the strategy that the businesses will follow in the upcoming period?

V.Z. Most of them plan to implement strategic investments in information systems (mainly warehousing and distribution) and to reorganise logistics processes, so that they can smoothly introduce new technologies and proceed with their digital transformation (Figure 3). At the same time, the majority of the businesses that participated in the survey, aim at strengthening and developing the skills of their employees and at their continuous training.

SC&L: What are the future trends and opportunities that businesses foresee for the

How do you manage the supply chain’s activities?

52% 29% 19%

Partial outsourcing

What are the main supply chain activities that businesses assign to third parties?

Pursuance of national/ international transports

Delivery (within town)

Storage

Transport management (forwarding)

Commodity collection (reverse logistics)

Packaging/ Repackaging

Order Management/ Fulfillment

Labelling

Businesses rendering logistics services

Commercial/ Manufacturing businesses

a satisfactory level, while the reports for the implementation of automation and 4.0 logistics technologies are encouraging.

upcoming period?

V.Z. The majority of businesses that participated in the survey foresee significant opportunities for the development of the domestic logistics market, however, they consider the lack of available storage space and appropriate financial tools as key obstacles to the development of the sector (Figure 4). In particular, the participating businesses report that Greece’s strategy should

Businesses rendering logistics services

Commercial/ Manufacturing businesses

be focused on facilitating the licensing of Business Activity Codes, on the further strengthening of ports, on the development of National Freight Parks and on the reorganization of rail transport. Moreover, when asked about the key issues they face within their business, they focused on the following: a) inability to have medium-term strategic planning, b) inability to find staff and c) lack of funds for investments.

Figure 1. The outsourcing of the logistics procedures remains in low levels.

Figure 2. The use of information systems is at

SURVEY

Investments Pursuance of national/ international transports Delivery (within town) Storage Transport management (forwarding) Commodity collection (reverse logistics) Packaging/ Repackaging Order Management/ Fulfillment Labelling Warehouse (WMS, pick-to-light, pick-to-voice, vision picking, sorters, etc.) How do you foresee the development of the domestic logistics market? There are plenty opportunities for development

45% 37% 11% 7% The market seems to stir again We maintain a waiting attitude

There are still major issues Which do you consider the main obstacles for the development of the logistics sector (in operational and ordinal level)? 01 27% 02 25% 03 20% 04 11% 05 7%

Lack of available and quality storage spaces and infrastructure Lack of appropriate financial tools Establishment and development of business parks framework Licensing Lack of loaning potential from financial institutions 20

Figure 3. Most businesses plan the implementation of strategic investments in information systems, in reorganization of Logistics procedures and in training/ specialising of their staff.

SC&L: Sustainability is becoming increasingly important for the activity and prosperity of businesses and society.

What was the response of businesses on this matter?

V.Z. Businesses are beginning to realise the importance of sustainability. Reducing energy consumption in combination with recycling and carbon footprint calculation, are the most important actions for environmental protection based on what the companies participating in the survey report. The main obstacles to investing in environmentally friendly logistics processes, focus on the inability to come up with a combination of cost effective and environmentally friendly solutions, as well as the lack of incentives and financial tools for the use of means of transport with alternative fuels.

Figure 4. Businesses that participated in the survey, foresee significant opportunities for the development of the domestic logistics market.

SC&L: In conclusion we would like you to briefly outline the main findings of the survey. What should we retain from all the findings?

I will try to summarise the findings of the 5th Panhellenic Survey shortly, by categorising them into 3 pillars.

Pillar 1 - Current status

• A decline is observed in Greece’s position in the global logistics market (42nd position LPI), according to 2018 data from the World Bank, however the latest period shows an improvement which seems

Pillar 2 – Challenges

• Road transport is the dominant means (69.5% share) in Greece. Nevertheless, the fleet is old and of limited capacity. Synergies in road transport are necessary

• The port of Piraeus dominates the Mediterranean. The port of Thessaloniki has significant prospects to become a Balkan hub

• 3PL storage spaces increase significantly. However, outsourcing shows significant growth potential.

• 3PL businesses offer a wide range of services but need to invest in systems and training to become more competitive

Pillar 3 – Future trends

• The COVID-19 pandemic accelerated the launch of supply chain reorganisation and modernisation activities icant ground is being gained in the implementation of cutting-edge technologies

The legislation regarding the licensing of Business Activity Codes continues to be an obstacle to the development of the logistics sector

Sustainable development is a priority of businesses, since they have begun to realise the importance of sustainability (with an emphasis on the environment)

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THE PROSPECTS FOR THE EMERGENCE OF GREECE AS AN INTERNATIONAL TRADE CENTRE IN THE NEXT DECADE

The significant progress that Greece has made in its effort to develop into an international freight centre and logistics hub, as well as the major challenges it will face in the future, are presented in the second edition of the EY Greece survey, “Greece: International Freight Center” (2021).

The survey features the growth that has occurred in the Greek transport and logistics industry in the last few years since its first edition in 2017 which was held along O.MIND CREATIVES, because of the country’s strategic geographical location, economic reflation and more welcoming investment environment. It notes, however, that this development is mainly due to developments in the shipping and maritime supply chain sectors, as well as road infrastructure, concluding that a more intensive effort will be required in terms of rail and air freight transport, logistics infrastructure of the hinterland (hinterland logistics), the market for the provision of logistics services to third parties (third party logistics - 3PL), customs services and, above all, the interconnection of these distinct elements of the Greek transport and logistics sector.

The Greek shipping industry and the country’s road network as catalysts for the development of transport and logistics

The dominant position of the Greek shipping industry, which represents 15.6% of the global merchant fleet based on deadweight tonnage (deadweight tonnage DWT), has been the main driving force that has given impetus to the development of the Greek shipping complex,

accenting it as one of the most important and competitive maritime centres worldwide. Moreover, at a time when trade flows between Asia and Europe continue to increase every year, Piraeus offers a highly competitive alternative option for direct connection to Far Eastern ports, making it at the moment – for the second year in a row – the largest trade port in the Mediterranean and the fourth largest in Europe, based on the total number of transported containers (TEUs), despite the adverse effects of the pandemic on global trade.

At the same time, the privatization of the port of Thessaloniki and the corresponding investments that are being implemented, as well as the planned construction of the freight station in the former Gonou camp, are expected to upgrade Thessaloniki to an imperative European port for the South-Eastern Europe region. Corresponding prospects are generated for several of the country’s 25 important commercial ports, five of which have been recognized by the European Union as ports of strategic interest.

The research also includes an “x-ray” of the Greek 3PL market, which

Alexandroupoli Kavala Kozani Ioannina

Larissa Volos

Lamia

Tripoli

Kalamata

Chania

Komotini Piraeus port Patras port

Igoumenitsa port

Irakleio port

Thessaloniki port

is fragmented, consisting mainly of medium and small businesses which have to operate in a competitive environment.

In addition, the prospects created by the construction of the freight centre in Thriasio Pedio are analysed, which, when completed, will be considered as one of the largest land ports in South-eastern Europe, significantly strengthening the inland logistics infrastructure of the port of Piraeus, while a reference is also made to the development of supply chain business parks in Oinofyta and Igoumenitsa.

Regarding road freight transport, the survey documents the significant development of the Greek road network in the recent years, which now exceeds 2,145 km of motorways, while new planned out projects, such as the Northern Road Axis of Crete (VOAK), are also being considered. However, the small size of the sector’s enterprises, the low profit margin of transport services and the relatively limited penetration of the thirdparty transport sector into the overall road freight transport activities, are emphasised as well.

The survey also refers to the development of air cargo transport at Greek airports in the recent years, the construction of the new airport in Kasteli, Crete, as well as the upgrading of the 14 ceded regional airports, and the prospects that these developments create for the promotion of Greece as the gateway of South-eastern Europe for cargo air transport.

Finally, it analyses the progress made in the legal and regulatory framework for logistics and customs, which has contributed to improving the country’s international ranking in terms of trade facilitation and competitiveness and its performance in the logistics sector.

How does the market evaluate the performance of Greece as a logistics hub

The survey also records the opinions of business representatives from various economic sectors, regarding the functions and infrastructures

of the individual elements of the Greek logistics hub. Participants are largely satisfied with the progress made in port infrastructure, road network and road transport, while they notice significant room for improvement mainly in customs services, 3PL / 4PL services and infrastructure and the rail network.

42% of respondents assess Greece’s competitiveness as a regional transit centre and logistics hub as “adequate”, with 12% answering that it exceeds their expectations. On the contrary, 43% identify further room for improvement, deeming that the competitiveness of the country’s logistics is “low”.

Measures to strengthen the desirability of Greece as

an international freight transport and logistics centre.

The survey comes to a series of conclusions and recommendations, emphasizing that, in order to increase its desirability as an international freight transport centre or as a leading regional logistics hub, Greece should focus on four priorities:

• Improving connectivity with global trade channels and other hubs, leveraging mainly – but not exclusively – the Greek shipping ecosystem

• Improving port infrastructure and supply chain infrastructure, with investments in logistics parks, as a continuation of the progress made in port infrastructure

• Strengthening the financial ecosystem, to provide high-level financial and business services

• Upgrading technological infrastructure, innovation, and human capital, to facilitate the development of new business models and the realization of the required transformation of supply chains

PATHE motorway Athens International Airport Piraeus Port

Attiki Odos motorway

Athens

Voiotia’s logistics cluster

Eastern Attica logistics cluster

Thriassio Pedio Area

Kalochori Centre

Thessaloniki

Sindos logistics and industrial zone Thessalonik a

These priorities are specified with individual recommendations concerning ports, the road network, the 3PL / 4PL sector, air and sea freight transport, the rail network, customs, human capital in the transport and logistics sector, as well as the commercial identity (brand) of the country.

Messrs Thanos Mavros, Partner in the Consulting Services Department of EY Greece and Head of the Supply Chain and Cross-Business Operations Department of EY Greece and EY Central, Eastern, South-eastern Europe and Central Asia (CESA), and Giannis Pierros, Partner of EY Greece, Head of the Advanced Industry Sector (Assurance Services) and EY’s Automotive and Transportation Sector in the CESA region, stated the following in regard to the new EY survey: “The COVID-19 pandemic has significantly impacted the transportation and logistics market worldwide. As the market transforms in the coming years and strives to find new, more intelligent ways to function, building resilience will be a top priority for businesses operating in it.

Today, Greece and the businesses in the sector are investing in infrastructure and technology, in order to be able to utilise the country’s great comparative advantage - its geographical location - at a time when competition from commercial centres and logistics hubs in Asia is intensifying. For our country to be able to meet the big challenges and commercial demands

of today, tomorrow and beyond, and to stand out from the competition, it should, among other things, focus on innovation, technology and the upgrading of human capital , to offer an desirable package of transport and logistics services with high added value”.

www.grammadas.gr

Moreas

Olympia Odos

Ionia Odos

Nea Odos

Aegean Motorway

Kentriki Odos

Egnatia Odos PATHE Athens

Thessaloniki

Alexandroupoli Kavala

Patras

Igoumenitsa

BULGARIA

ALBANIA

F.Y.R.O.M.

IOBE (The Hellenic Institute of Economic & Industrial Research) recently revised down the estimate for reflation in 2022, to 5.2%, in nonfluctuating values, mainly due to the lesser expansion of exports (5.8%) and the decrease in public consumption (-1.1%), while an increase in private consumption (7.7%), investments (12.1%) and imports (9.1%) is expected, as mentioned during today's presentation of the IOBE's quarterly report on the Greek Economy.

ECONOMY PANORAMA

ESTIMATES

THE GREEK IOBE FOR THE ECONOMY GREEK

For 2023, IOBE expects a more modest annual growth, by 1.4% in actual terms, mainly due to the global economic slowdown, amid higher inflation and uncertainty conditions. In terms of components, investments are expected to contribute the most in reflation, with an annual increase of 8.5%, followed by a relatively robust, though clearly more moderate, growth in private consumption of 0.8%. In the external sector, little further deterioration in the already high current account deficit is expected, with exports and imports increasing annually in 2023 by 2.1% and 2.7% respectively.

It also estimates a milder decrease in the unemployment rate in the third quarter of 2022 to 11.6%, from the 13.0% rate in the third quarter of 2021. The progress of employment in 2022 was mainly determined by the very good performance of tourism, as well as the satisfactory line of exports, consumption, and construction, despite high inflation and high energy costs. Employment in 2023 is expected to be positively affected by the more moderate strengthening of investments, the further utilization of the Recovery Fund resources, the milder rise in consumption and exports, as well as by tourism. These factors are expected to partially offset the – more modest compared to 2022rise in inflation as well as the rise in borrowing costs. The unemployment rate in 2022 is estimated to have fluctuated around 12.3%, while in 2023 it is expected to be around 11.5%.

The rate of fluctuation in the CPI by 9.6% in all of 2022 was the highest since 1994, after a modest 1.2% rise a year earlier. This robust rise is mainly due to the incremental direct effect of energy commodities in the first nine months, and non-energy commodities in the last quarter of 2022. IOBE estimates that values will maintain a more modest upward trajectory this year, in the region of 4%, mainly due to the resilience of consumer demand.

During the presentation of the Report, the general director of IOBE, Professor Nikos Vettas, stated:

• During 2022, the Greek economy recorded particularly significant growth dynamics, with a weakening tendency, following a cycle of fluctuations that arose with the pandemic crisis

• For the assessment of the course of the economy in the short term, there are significant positive factors. Overall, and starting from a lower base, our economy may expand faster than the European average

• The accumulated potential of the Greek economy is greater than that of most European economies. Unemployment, and in general the pool of unexploited labour, remains on high levels, and the investment gap is even greater. The Recovery Fund and the additional inflow of European resources are of high importance and can mobilize broader investments. Extroverted enterprises, mainly manufacturing, have been positioned in global value chains. Public debt, although very high, is currently less exposed to interest rate increases than in other economies

• The external environment is laying pressure on exports and investments due to the slowdown of the reflation in Europe, the continuous increase of interest rates and the high uncertainty. Financial decisions tend to be risk-averse, and therefore more introspective and short-term, just the opposite of what is desired

• The significant deterioration in the trade balance and the high structural inflation, highlight the systematic weaknesses of the Greek economy. The tendency for the trade deficit to widen as growth takes place reflects relatively low competitiveness. The upward trend in main prices of goods and services, as consumption recuperates, suggests little scope for timely output response and low intensity of competition

• It is critical to quickly achieve an assessment of the Greek economy at the investment level. This is a positive sign for the markets, improves expectations and leads to the broadening of the investment base and the de-escalation of funding costs

• The stability of the fiscal balance constitutes a condition for the systematic development of the Greek economy

• On the tax revenue side, there are four positive developments in the current year, from the growth of the economy itself, the effect of the spread of electronic payments, indirect taxes due to inflation and from income taxation as a progressive scale is implemented

• On the public expenditure side, support policies through subsidies, in addition to effects on fiscal and macroeconomic balances, have collateral effects on consumption and tax compliance.

• For Europe, handling the effects of the energy crisis tripartite, inflation and the Russian invasion will be crucial. How the rules for the new fiscal framework will be formed is a bet for further fiscal integration

• For our country, the parliamentary elections in the upcoming months are important for the stability which will allow important investments, as well as for the formation of a medium-term policy that will be able to combine two desirable characteristics: solemnity in a dangerous environment and intention for reformist advancements

THE

GREEK LOGISTICS MARKET

Having presented on previous pages all the data of the most recent surveys regarding the development of the wider supply chain market in Greece, we asked the representatives of the collective bodies of the wider sector of

Freight Transport & Logistics in Greece “why would they suggest someone to invest in the Greek market”.

Below are their detailed answers or the presentation of actions they have developed themselves to promote Greek logistics.

HELLENIC FEDERATION OF ROAD TRANSPORTS & LOGO & PHOTO KENANIDIS

Greece’s geographical position as a gateway between East and West, has played an important role in global trade during the last decades. In addition, more than 25 important commercial seaports currently operate in Greece, five of them have been identified by the EU as ports of strategic interest. The increasing dynamics of the Greek ports that are strategically located and could easily be transformed into regional logistics hubs for goods traveling from Asia to Europe, create a great opportunity for investments in logistics and transport to take advantage of the increasing trade flows in an efficient way.

In terms of transport, the ongoing investments in road infrastructure have turned Greece into an important corridor

connecting both sea and road networks, and thus facilitating intermodal transport of goods. Meanwhile, transport services provided by Greek transport operators are the synonym to safety, efficiency, and speed. Although, national road transport has faced with several challenges during the last decade, the increasing volume of cargo transiting Greece, is expected to boost road transport activity in the coming years.

The Greek transport and logistics market is reaching a turning point with great opportunities for growth and improvement, and a huge potential to develop the country’s position as a global logistics hub. Timing for investment in the Greek Logistics Market has never been more appropriate than it is today.

“INVEST IN GREEK LOGISTICS” AN INITIATIVE TO ATTRACT INTERNATIONAL CARGO AND INVESTORS POWERED BY HELLENIC LOGISTICS COMPANY (EEL)

The Hellenic Logistics Company (EEL) within this special and demanding ecosystem continues faithfully to promote the science of Logistics, to produce knowledge through the panHellenic research it prepares, to map new best practices in supply chain management and to inform its members for all developments in the field of logistics, through targeted actions and initiatives based on the above axes. In this context, EEL has started to shape the website logisticsingreece.gr which will be the informative electronic hub where comprehensive information on the logistics services provided in Greece will be provided, as well as the possibility of direct interaction of those interested in them with the listed providers. Meanwhile, EEL has already created a

special brochure which summarizes the performance of Greek logistics as well as the privileges of cooperation with Hellenic Logistics companies. This effort focuses on the creation of an information portal for the Greek Supply Chain Sector. But the most important thing is that both the website that has been created, and the brochure will promote and showcase the services of the Greek Supply Chain, in the form of a national brand abroad in order to attract International Merchandise flows as well as multinational investment schemes.

• VASILIS ZEIMPEKIS | PRESIDENT OF THE BOD OF EEL

ASSOCIATION OF INTERNATIONAL FREIGHT FORWARDERS & LOGISTICS ENTERPRISES OF GREECE (IFFAG&L)

Greece’s strategic geographical position makes it an ideal location for logistics operations. It serves as a gateway to both Europe Middle East and Africa, with its location at the crossroads of three continents.

It is no coincidence that Greece has been active in trade since ancient times. This legacy has created a culture of commerce and entrepreneurship that persists today.

Furthermore, Greece’s location closer to the Suez Canal means that it is a crucial hub for trade between Europe and Asia. This proximity also enables faster and cheaper transportation of goods to central Europe, allowing for quicker delivery times and cost savings for businesses.

Last years, the Hellenic state has made – also through privatizations -significant investments in the infrastructure (airports, ports, road, and, railway networks, etc.) leveraging Greece’s geopolitical position

and adding value to the Global supply chain. Global players give to the Greek market added value as trademarks as well as financial turnovers feeding the demand for local logistics.

In 2022 alone, several funds have been channeled to the Greek Logistics Sector. Mergers and Acquisitions have taken place, companies have expanded their facilities and renewed their equipment, and overall business has grown significantly.

The conclusion to all the above well-designed and carried out was Greek state placed the foundations of a healthy market offering high growth potential, always in the safety of E.C. and the Eurozone as a member. In this healthy and safe environment logistics market grows year-to-year providing extraordinary prospects of high returns.

The big deal is for Greece to become as a value perspective Country in the sector of Global Logistics.

• GEORGE STAMNOS | A’ VICE PRESIDENT OF THE BOD IFFAG&L

GREEK COLD STORAGE ASSOCIATION GREECE

Greece stands on the crossroad of three continents (Europe, Asia, Africa), connecting, since early antiquity, people, goods and cultures. For that reason, Greece has long been a strategic node for transportation in the greater region.

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. Container throughput in European ports has been growing at 6% annually, while traffic through South-East Mediterranean ports has been growing at more than 8% annually.

In this environment, Greece’s geographical position as a gateway between East and West render it highly attractive for investments in logistics and transport to take advantage of these increasing trade flows in an efficient and cost-effective manner.

The increase in world population leads to increased consumer demand for fresh products. The introduction of food even in ecommerce as well as the wider variety of temperature-sensitive products lead to the need to increase cold storage areas. In this

way, the demand for cold chains will increase in the coming years. Even today, the demand for cold logistics services is so high that finding available and cost-effective solutions is difficult. In addition, in many cases, companies choose to use refrigeration during the transport and storage of their products, even if it is not necessary but simply prolongs it their lifetime. In a recent GCSLA survey, most companies that transport cold products, 91% and all 3PL companies, 100%, said they expect demand for cold chain services to increase over the next three years. Both shippers (70%) and 3PL (52%) said that COVID-19 has accelerates their development plans, increasing their need for greater cold chain capacity.

In the same context, 70% of shippers indicated that they expect to develop cold chain capabilities and processes in-house, without thirdparty mediation, within the next three years. Additionally, 50% said they plan to outsource more of their cold chain services, indicating the correlation between their internal and external services. About 90% of 3PL said they plan to expand their cold chain and capacity

services. Overwhelmingly, 3PL said cold chain services are important to their business growth over the next three years, with 62% saying it is moderately important and 38% saying it is very important.

Greece’s potential to become an important logistics hub, distribution

and assembly for Europe has already been recognized by major supply chain players with a positive sign in their results, giving an external impetus to invest now in the same model as the other big players in the market.

ILME – INSTITUTE OF LOGISTICS MANAGEMENT

Greece was always a crossroad from the very beginning of commerce in Europe. And there are good reasons for this:

Geographical Location: Greece is strategically located at the crossroads of three continents - Europe, Asia, and Africa. Its location makes it a natural gateway for trade and commerce between these regions. Greece’s geostrategic position in the Eastern Mediterranean is a key point for cargoes’ transportation between Europe, Asia, and Africa.

Shipping Industry: The Greek shipping industry is one of the largest in the world, and the country’s ports are some of the busiest in the Mediterranean. This provides ample opportunities for logistics companies to provide shipping, warehousing, and other related services.

Infrastructure: Greece has invested heavily in improving its road network, ports, and airports. The rapid development of combined and intermodal transport networks in the global trade, in combination with the establishment of the port of Piraeus, which is the first E.U port after Suez Canal with land, rail and air connections to all European networks and corridors, as the main pillar of support for supply chain services, enables large multinational companies to settle in Greece and exploit, among others, the European tax and customs regimes, the possibility of creating available stocks, and, in cooperation with Greek logistics companies, the forwarding of their products in a very short time by train or by road to central Europe and the Balkans.

Furthermore, for more urgent shipments or distant destinations, Piraeus Port is closely cooperating with Athens International Airport (AIA) promoting sea-air flows and offering yet another multimodal alternative to the market. AIA serves as a transit cargo hub, mainly for the US-based airlines, coordinating feeder road traffic from Central, Eastern, and even Northern Europe. Contrary to major EU airports, AIA has no curfew and operates on a 24/7 basis while the cargo handlers invested recently in modern infrastructure and green solutions.

Service Providers: Third-party logistics companies offer a wide range of services, adopting new technologies such as warehouse automation with the use of robotics, route optimization, and realtime tracking to enhance their services and increase efficiency. New Logistics Centers (like Thriasio Logistics Center) that will connect even

better all means of transportation (air, sea, train, and road) are already in the planning phase being the very last missing pieces of the puzzle.

Human Capital: Greece has a highly skilled workforce with expertise in logistics, engineering, and transportation. Greek professionals are multilinguals, trained and certified in Logistics.

ILME: The Hellenic Institute of Logistics Management, is a member of the European Logistic Association, connecting Greeks with their European colleagues, and providing a space for communication, synergies, training, and certification of professionals by ELA standards, both for companies and professionals in Greece.

Time is always of essence, but we strongly believe that given the current international trends, the location, the infrastructure, the existing service providers, investing in the Greek Logistics is an opportunity that any strong international player should not miss.

• DIONISIS GRIGOROPOULOS | PRESIDENT OF THE GREEK COLD STORAGE ASSOCIATION-GREECE

• KONSTANTINOS HANIOTIS | PRESIDENT OF ILME, MANAGING DIRECTOR TELENAVIS

• TASSOS VAMVAKIDIS | MEMBER OF BOD OF ILME, COMMERCIAL MANAGER OF PIRAEUS CONTAINER TERMINAL

• LINA PALLI | MEMBER OF BOD OF ILME, SENIOR ACCOUNT SUPERVISOR, CARGO DEVELOPMENT, ATHENS INTERNATIONAL AIRPORT S.A.

• ANTONIS ILIADIS | MEMBER OF BOD OF ILME, MANAGER OF SOUTH EUROPE DEPARTMENT GOLDAIR CARGO

some of the most fast growing GREEK logistics

CONTACTS

Cargo Development team cargo@aia.gr

Alexis Sioris

Ground Handling & Cargo Development Manager siorisa@aia.gr

Lina Palli

Senior Account Supervisor Cargo Development pallia@aia.gr

Panagiotis Zagkas Cargo Specialist zagasp@aia.gr

Stefanos Nikolaidis

Ground Handling & Cargo Quality Analyst nikolaidiss@aia.gr

ATHENS CARGO IN A NUTSHELL WE MAKE THINGS FIT AS WE FIT TOGETHER

Athens International Airport S.A. (AIA) and its cargo partners invite airlines, forwarders, and other customers to further develop their business through Athens by taking advantage of its strategic location, functional environment, multimodal services, and one-stop-shop potential provided on 24-hr basis.

There are also several other good reasons for flying your cargo through Athens:

The strategic position

• Southeastern gateway to Europe

• Proximity to major seaport (Port of Piraeus)

• Fast access to the Balkans

• Multimodal transport potential

The functional environment

• 24-hour airport operation, no slot & night constraints

• Two independent runways

• New flexible infrastructure, modern technology & equipment

• High standards of safety & security

• EU Border Inspection Post for Veterinary and Phytosanitary Control

• Extended Customs working hours

COMPANY’S HISTORY

• Simplified Customs procedure for seaair cargo

• IATA CEIV Pharma certified handlers & forwarders

• Sustainable and eco-friendly strategy

The collaborative community approach

• Airport Cargo Community Committee (ACCC) as a communication & development platform

• AIA acting as communicator, integrator, and facilitator of new cargo-relevant projects

• Close cooperation with Hellenic Customs for seamless and fast cargo flows

The extroversion

• Joint participation at international events

• Synergies with off-airport partners to boost exports and multimodal traffic

The attractive incentives for airlines

• Competitive handling fees

• Incentive scheme for new or additional cargo flights

• Multiple incentive programs for airlines operating passenger aircraft

Contact us at Athens International Airport to make things fit as we all fit together.

Athens International Airport S.A. (“AIA”), a joint venture between the Greek State and a consortium of private shareholders, was established in 1996, its aim being to construct, operate and further develop the new Athens Airport. Having outsourced cargo handling to expert handling companies, AIA acts as the communicator, facilitator, and integrator of the local cargo community, aiming at continuous synergies among its members, including Customs, and furthermore off-Airport business partners such as Piraeus seaport and various exporting agencies.

INFO

ANEK CARGO

Central Cargo Reservations

Office: 24, Akti Kondili Str., 185 45

Piraeus, Greece

Domestic Reservations:

T: +30 210 4197540 - 1

E: cargo@anek.gr

International Reservations:

T: +30 210 4197542 - 4

E: adriatic.cargo.capacity@ anek-superfast.com

www.anek.gr

ANEK LINES YOUR VALUABLE PARTNER IN YOUR MARITIME TRANSPORTATIONS

With over a five-decadelong experience in the cargo shipping sector and acknowledging cargo transportation demands, ANEK LINES takes it one step further providing advantageous solutions and offering the opportunity to a constructive cooperation in the maritime transport sector, for companies of all sizes.

With frequent sailing schedules from Ankona, Venice and Bari to Piraeus, Patras and Igoumenitsa and vice versa, and reliable liner services, combined with tailored made budget packets for every company`s needs, ANEK LINES is the ideal partner in the maritime cargo routes between Greece and Italy, creating value for all those who trust its fleet for theit transportation.

Experience

The company`s specialized cargo department team provides complete services, handling the transference of all goods’ categories. Modern and high-capacity

ANEK LINES History:

ANEK LINES began its journey over fifty years ago, in April 1967. Established by Cretans, the company has been setting sail all these years, bridging the distance across the seas and bringing people closer. Maintaining its Greek identity at the core of its operation, ANEK LINES focuses on its customers’ needs, offering high

quality services to thousands of passengers who choose its modern fleet.

Furthermore, ANEK LINES strong bonded to the Cretan community in which it remains deeply rooted, holds its responsible role, supporting initiatives that actively create value for the society. Consistently transporting

garages, certified with international safety and quality standards, ensure easy and fast transfers, saving valuable time in vehicles transportation.

Comfort

Fully undertaking the supervision of cargo transportation and following all suggested procedures, ANEK LINES ensures that every professional enjoys a comfortable and pleasant trip that includes relaxing in spacious luxury cabins and salons of high aesthetics, shopping on board for themselves or friends, internet access to communicate and work online durning their trip. ANEK LINES friendly staff, provides high level of services, reflecting the Greek hospitality spirit and is always ready to meet up with passengers` needs on board. Our ships` restaurants offer a variety of delicious dishes, inspired from the Mediterranean and Cretan cuisine by specialized chefs, and modern bars and cafes, providing different kind of coffees, tasty snacks and refreshments options.

thousands of passengers from both Greece and abroad, the company is continuously enhancing the Greek tourism and economy, while providing excellent services, thoroughly investing in upgrading its services on board, as well as the advanced and consistent shipping transportation of people and goods.

ANTHOULAKIS LTD YOUR INTERNATIONAL ROAD PARTNER FOR MORE THAN 50 YEARS

The Anthoulakis family has been active in the field of international road transport for 50 years.

ANTHOULAKIS Ltd Company, with a stable and upward trajectory and a long history of specializing in sectional load (groupage) for imports & exports, remains the reliable choice for safe and on-time international road transports.

With 20 privately owned international transport refrigerated trucks, 50 exclusively partnered and distributed refrigerated trucks, we serve the ever-increasing demand of our customers. With weekly itineraries in Europe, we ensure the timely delivery of cargo with absolute consistency and safety.

The main priority has always been consistency in cargo delivery and excellent service provision. ANTHOULAKIS LTD has managed to build long-term relationships with its clients and create a reliable network of correspondents in Greece and Europe.

Since the 70’s ANTHOULAKIS LTD guarantee safe and on-time transport of perishable products (freeze & deep freeze conditions) and common load, offering weekly departures to international destinations, the latest technology of refrigerator trucks and certified European Quality Controls (ISO 9001:2008 & ISO 39000)

At the cold storage level, ANTHOULAKIS LTD provides modern solutions to its partners by having the most modern fleet of trucks, equipped with the latest technology refrigerating trailers, with the possibility of combining refrigerated and deep freeze loads. At the same time, ANTHOULAKIS LTD provides specialized systems for continuous monitoring of goods for excellent and safe transportation according to the European quality control standards ISO 39000.

Certified temperature sensors help monitor the load, with each individually calibrated for each Refrigerated Trailer. The Refrigerated Trailers feature innovative solutions such as movable partitions to create separate temperature zones based on the needs of the product, which can be moved along the length of the trailer thus, creating a flexible interior layout. Horizontal and vertical beam systems that secure the load and are resistant to deep freeze conditions. Two-story system for 66 pallet positions with support beams that can withstand 1,000 kg.

With the above features all Refrigerated Trailers have, they are one of the most basic tools of ANTHOULAKIS LTD, which ensures and maintains the excellent quality of the transported products from loading to delivery.

HEAD OFFICE

1-7 Lysikratous & Evripidou str. Kallithea, GR - 17674, Athens, Greece

Cargo Dpt. Adriatic Sea

T: +30 210 8919710,

F: +30 210 8919719,

E: adriatic.cargo.capacity@ anek-superfast.com

Cargo Dpt. Domestic Routes

T: +30 210 8919900

F: +30 210 8919909

E: cargo.domestic@atticagroup.com

TANGER MED - AGECOMAR

31, Avenue de la Resistance, 90 000 Tanger

T.: +212 539 32 22 53,

F: +212 539 94 38 63

E: fret@agecomar.ma

ALGECIRAS - PORT FERRY SERVICES (PFS)

Estacion Maritima, Local F-12 - 2a Planta. Puerto de Algeciras, 11201 Algeciras

T: +34 956 63 15 15

E: carga@portferryservices.es

A ATTICA GROUP ONE GROUP, 4 COUNTRIES, 61 DESTINATIONS

ttica Group is a leader in the provision of ferry services for passengers and cargo in the Eastern Mediterranean Sea and listed on Athens Stock Exchange.

Attica Group serves 61 destinations, connecting 79 ports, in 4 countries. In particular, it operates on the domestic lines (Cyclades, Dodecanese, North Aegean Islands, Saronic Islands, Sporades and Crete) and on the international routes between Greece and Italy as well as Morocco and Spain. The Italy – Greece and Crete routes are jointly operated with ANEK Lines.

Attica Group’s brand names, Superfast Ferries, Blue Star Ferries, Hellenic Seaways and Africa Morocco Link are established in the European maritime transport industry as synonyms of high-end quality ferry services.

The Attica Group fleet consists of 35 modern and technologically advanced vessels as well as high-speed vessels, providing high quality transportation services for passengers, trucks and private vehicles. Most of Attica’s vessels are certified to transport hazardous materials and livestock. While on board the comfortable accommodation will allow professional drivers to relax and prepare them for a full day drive upon the ship’s arrival at port. The expertise and the

professionalism of the carefully selected staff contribute in offering passengers and professional drivers an exceptional and standardized on board experience throughout the journey.

Attica Group is the largest Group in its sector in Greece, the 3rd largest in the Mediterranean and among the 10 largest in Europe.

Attica Group maintains an extensive Sales Network that expands across the world through 35 Premium Sales Agents and 87 Port agents at every port of departure in Europe and Africa. In addition, its 2 central reservation systems are linked to more than 10,000 travel agencies around the world.

Furthermore Attica Group is a full member of the management and commercial bodies of the International Union of Railways (UIC). Today the International Union of Railways (UIC) has 200 members from 100 countries in all 5 continents, through which Attica’s services are available.

For more information please visit the corporate websites www.superfast.com, www.bluestarferries.com, www.hsw.gr and www.aml.ma. or come and visit us at Transport Logistic 2023 in Munich, Hall B3, Stand 232.

INFO

APM Transport S.A.

Thesi Skliri, Magoula, Attiki

Greece, 19018

T: +30 210 55 51 801

F:+30 210 55 51 804

M: info@apmtransport.com

APM Transport GmbH

Wilhelm str 33

71522 Backnang

Germany

T: +49 7191 9117012

M: info@spedition-papas.com

Spedition Papas

Wilhelm str 33

71522 Backnang

Germany

T: +49 7191 9117012

M: info@spedition-papas.com

www.apmtransport.com

APM TRANSPORT SA CERTIFIED TRANSPORT SOLUTIONS FOR LIFE SCIENCE AND HIGH VALUE SECTORS

APM Transport SA established in Attica, Greece in 1995 and for almost 25 years is providing Road transport solutions of the highest quality and security standards. In partnership with all major forwarding companies in Greece and abroad, turned out to be one of the leading International overland carriers. To support its growth and meet customers’ increasing requirements, APM Group established two more affiliate companies in Germany. APM operates a modern, latest technology, privately owned fleet and is providing reliable road freight transport to European markets.

The specialist in Pharmaceutical Transport APM Transport SA is all about pharma. For years, we have been providing transport services to the Life Science & Healthcare sector throughout Europe. We are committed to safeguard product integrity by operating in full compliance to GDP guidelines and at uncompromised security levels (TAPA TSR1). Your products reach destination on time and within the specified temperature conditions. APM constantly invests in privately owned, “Pharmaserv” certified trailers that are specifically manufactured for the transport of pharma products. All vehicles are equipped with sensors that enable the remote, real time monitoring of the temperature conditions and exact location of the truck. On request, web access can be provided to our customers to monitor their specific transports. The temperature conditions are constantly monitored and recorded. We operate a wide range of GDP compliant Thermo trailers (mono Thermo, Bi-Thermo with partition,

single or double deck) which provide us with operational flexibility and capacity to meet even the most demanding transportation needs of the Pharma industry at optimum cost levels.

The specialist in High Value Transport APM is able to provide the highest level of security for the transport of high value products. Our trailers are equipped with latest technology security systems (GPRS Telematics, Electronic locks, Bulldog locks, Panic button etc.) and are constantly monitored 24/7 (passive / active) by our qualified staff. Third party monitor centre (AMIC) is also used depending on the security requirements. Our commitment to the highest security standards has been certified by the Transported Asset Protection Association -TAPA 2017 TSR-1, the highest level of the standard, that verifies the security measures applied by its members for the transport of HVTT (High Value Theft Targeted) products.

Quality Certifications

Quality certification of processes and services offered is a strategic priority for APM Management. According to Michalis Papas «Quality certification of our services is essential to our customers. The process of certification itself and the continuous reassessment of the system is also a great opportunity for us to constantly challenge our processes, knowledge and expertise. It allows us to identify areas for further development and take all necessary actions to close any gaps, or provide us further improvements in all areas”.

APM TRANSPORT SA is certified to comply with the following standards: • ISO 9001: 2015 • GDP EU 2013/C 343/01 • TAPA TSR-1 (2017)

LATEST NEWS

APM Transport continues to look for ways to minimize the impact on the environment, therefore for 2023 proceeded with the renewal of 40 trucks with the brand new Volvo FH500 I-SAVE. A decisive factor in choosing the Volvo FH500 I-SAVE is the fact that the system can achieve up to 7% fuel savings compared to previous models.In addition, the 40 Volvo 500s have been configured according to APM’s transport needs, offering superior handling and equipped with all modern active and passive safety systems.

Central Office

14, Skouze Str

185 36 Piraeus, Greece

Northern Greece Branch

10, Salaminos Str

546 25 Thessaloniki, Greece

Contact person:

Vangelis Argyros

T: +30 210 412 6606

E: v.argyros@cargo360.gr

General Commercial Registry

nr: 146173307000

www.cargo360.gr

CARGO 360Ο PC DO YOU IMPORT OR EXPORT? LEAN ON GREECE AS THE HUB THAT WILL SUPPORT YOUR GROWTH IN THE INTERNATIONAL MARKET

Cargo360ο is a Greek company, which provides specialised supply chain services. Its dynamic team of acknowledged executives carries long experience in fields of customs representation, logistics services, international trade, and consulting, and makes Cargo360ο a solid and reliable partner who always addresses the needs of each clients’ project or workflow, creating value chains and long-term synergies.

The vision of the company is to provide innovative holistic solutions that make supply chains more efficient and sustainable. Company’s location, know-how on simplified Customs procedures, and long expertise, combined to its awareness about changes of trade regulations, and openess to any challenge that technological developments bring, make Cargo360ο capable to transfer knowledge into client’s organisation, applying efficient processes that make it the most reliable Customs Advisor in Greek market. Cargo360ο complies with high standards of reliability and security in international trade and has got AEOF authorisation by EU.

Central office of Cargo360ο is located in Piraeus,

Greece, in the biggest containers port in the Mediterranean and one of top 5 containers ports of Europe. Piraeus is the entrance of Middle and Far East to the European mainland, at the beginning of one of the most important freight corridors of Europe, and is perfectly connected to all main transportation and third-party logistics infrastructure. Goods arrive everyday in Piraeus port to be forwarded to Balkans, and Central and Eastern European markets. The port of Piraeus is the closest European Union mainland port to Asia and East Africa. Cargo360ο Northern Greece Branch started last year in the port of Thessaloniki, in the fastest growing international trade hub of Balkans. Thessaloniki has more than sufficient logistics infrastructure and very good road and rail connections to the whole region.

Cargo360ο is constantly trying to be responsible steward of the environment, and good corporate citizen. Compliance with environmental regulations, energy consumption, employees’ health and safety, cooperation with ethical, socially conscious and diverse partners, business integrity and transparency, are among company’s serious concerns.

CARGO360ο SERVICE RANGE:

• Specialised Customs Brokerage

• Customs Consulting

• International Freight Forwarding

• 3PL services in bonded and excise status

• International trade support

•Tax representation of foreign enterprises in Greece

C CTL SEAMLESS FLOW, THE WAY THINGS GO

TL is an integrated transportation and logistics provider who knows how to connect the dots, optimize the flow of goods, and build bridges between global carriers.

We cover the full spectrum of international transportation through road, ocean, and air, and handle all the complex logistics that come along with it. Our broad range of services spans international forwarding and procurement, distribution, and aftermarket support as well as end-to-end supply chain management. Our robust industry portfolio, featuring businesses across all key markets, proves CTL to be the partner of choice for lean and optimized supply chain solutions. In today’s highly competitive trading environment, we are a dedicated ally that enables the success of a modern and challenging business. At CTL, we know the way things go.

The shortest route, the smarter way Road transport is CTL’s specialty. By nurturing a tightly connected network of correspondents across Europe, we move your freight from Point A to Point B fast and safe.

CTL covers a broad range of road transport services that connect you with all European cities with efficiency and safety. Our state-ofthe-art fleet of fully insured trucks guarantees the timely delivery of our client’s shipment

wherever it needs to go. We carry part and full loads, general groupage cargo and any type of freight, such as liquid bulk cargo, ADR shipments of hazardous and flammable goods, or items that require controlled temperature conditions during their journey. For more compact consignments, CTL’s van options are designed to get the goods where they need to be even faster without any stops in between. With sensibility and awareness towards our sector’s ecological footprint, our company offers green transport products that align to the most up-to-date European standards for reduced carbon dioxide emissions.

Our in-house, high-standard warehouse facilities in the logistics area of Aspropyrgos, is the key to responding to any distribution demand in the most efficient way.

Taking go-betweens out of the equation, allows us to offer bespoke solutions with minimized costs, designed just for our client’s special needs. Insourced warehousing to us means safer, faster and more competitive logistics that ensure the most efficient control, storage and distribution of the goods.

PHILOSOPHY

As the world keeps changing, so do we. At CTL, we’re committed to growth and renewal, and to maintaining the high-quality standards and innovation of our services so we can take on any future challenge, regardless of scope and complexity.

WHAT WE WHAT WE SERVE SERVE

DRY CARGO OPERATIONS

CONTROLLED TEMPERATURE TRANSPORT

FREIGHT MANAGEMENT

WAREHOUSE STORAGE

SUPPORT AND VALUE ADDED SERVICES

CONTAINER SERVICES SOLUTIONS

www.elikontransport.gr

HARLAS INTERNATIONAL TRANSPORT AN ACCOUNTABLE, CONSISTENT & EFFECTIVE FREIGHT FORWARDER

INTERNATIONAL TRANSPORT

HARLAS

S.A. was founded in 1969 and our name has been synonymous of accountability, consistency and effectiveness in the freight forwarding world continuing to be a pioneer offering high quality services with an anthropocentric approach. The continuous evolvement of our global network of 440 agents worldwide offers personalized transportation solutions to customers. The 5 decades of ‘’know how’ and the successional certifications, have fairly brought our company to the forefront of the international freight forwarding market. Our company has been awarded the Business Excellence model EFQM 3 stars.

Some of the strengths of our services are responsibility, security, speed and consistency.

Our vision is to stand side by side to the customer, to commit the standard for excellence, building up a strong relationship, reaching together our goals and satisfying their needs showing comprehension and respect.

Our branch in Athens International Airport “El. Venizelos” constitutes a strategic asset for the company, which enables us to handle the either imported or exported freights of our clients in no time and with continual overall supervision of the services.

• ISO Certified 9001:2015, 27001:2013, 370012016

• Authorized Economic Operator (AEOF) from the 10th of February 2020

• LCL, FCL and Break Bulk

• IMO Goods forwarding

• Issue of all required customs documents.

• Premium Insurance of your shipment

• Full, part loads & Standard/ Frigo /combi trailer services

• Door-to-door forwarding programs.

• ADR goods handling by Air, Sea, Road

• Our high level of expertise enables the possibility to provide specialized storage solutions for dry and special loads. With dedication to customer service, our services include: Unloading, storage, palletizing, quality and quantity, sorting, managing orders, repackaging, security, inventory control, cyclical and periodical inventories, and distribution (3PL)

• Transportation of Military Equipment providing door-to-door services

• Full organization of any fair worldwide, ensuring the transportation management of our client exhibits.

Our team acts like a fist and people stand out for their spirit of cooperation, their willingness, their commitment to corporate values and their ethics. Our team is always “ready” to serve our customers and perform their duty. Looking to the future we continue to invest in people, to seek their continuous improvement and evolution and to marry the experience with the new generation!

John

O.MIND CREATIVES

187, A. Syngrou Avenue 17121

Nea Smyrni Athens Greece

Τ. +30 210-9010040

F. +30 210-9010041

W. www.omind.gr

E. info@omind.gr

PUBLICHER - CEO

Theodoros Dimitriadis dimitriadis@omind.gr

COMMERCIAL DIRECTOR

Antonis Moschonidis moschonidis@omind.gr

CHIEF EDITOR

Mary Efthymiatou editor@supply-chain.gr

O.MIND CREATIVES YOUR MEDIA PARTNER IN GREECE

OMIND CREATIVES, a company with an open minded approach to media productions, has in its portfolio the editions of four trade magazines: SUPPLY CHAIN & LOGISTICS, read by 20,000+ professionals each month at the supply chain sector, and MEAT PLACE, DAIRY NEWS & THE GRILL MAGAZINE, 3 «titles» for the food service sector.

“Supply Chain & Logistics Magazine” is a bimonthly edition specialized in supply management, logistics (warehousing & transports) as well as customer service. It provides more than 9.000 professionals of Greek industry and commerce, as well as 3rd Party Logistics and Freight Transport sectors, with useful information, since 2007.

Apart from CEO’s and general directors, the magazine addresses also to managers charged with supply chain scheduling, logistics, warehouse operations, IT, procurement, exports/imports, packaging, marketing & sales etc. “Supply Chain & Logistics” magazine is produced by an experienced team of journalists as well as supply chain and logistics scientists, who present new trends in the field of supply chain planning, logistics operations, warehouse construction, equipment & automations, freight transports, IT technologies, transport packaging, fleet management, safety &

security, procurement, customer service, international supply chains etc.

“Supply Chain & Logistics” magazine circulates to industrial and commercial companies all over Greece and Cyprus, to the ministries of Transport, Maritime Policy, National Economy, Foreign Affairs, Agriculture and Health, all institutions related to the subject as well as to universities.

O.MIND CREATIVES can be your expertise media partner in Greece.

Our artistic team can serve your Advertisements, your company newsletters, or/and marketing campaigns (leaflets, posters, advertorials etc.).

O.MIND CREATIVES, also organizes five professional exhibitions: INTERNATIONAL SUPPLY CHAIN & LOGISTICS EXPO which is organized every two years in Athens since 2007, CARGO TRUCK & VAN, MEAT DAYS, FROZEN FOOD EXPO, and DAIRY EXPO.

O.MIND CREATIVES along with Supply Chain & Logistics’ magazine team, organizes yearly the Expert Logistics Conferences “LOGI.C”.

Having more than 17 years of experience and with an expert team of executives and business partners, O.MIND CREATIVES guarantees the exhibitions’ successful outcome and future prospects.

IBLS

S: www.ibls.gr

E: info@ibls.gr

YOUR PARTNER FOR ANY INVESTMENT PROJECT

Our company IBLS (which stands for Industrial Buildings & Logistics Solutions) possesses extensive experience in Industrial Buildings, Logistics Centers & Logistics Villages Design, as well as experience for the design - installation - construction of special facilities (Logistics Automation Systems, Industrial Refrigeration Systems & HVAC, Power Production Systems, Slab on Grade & Super Flat Floors & ESFR Systems).

Our experience has been transformed into a reliable methodology for the Investment Projects of our clients and we have never compromised on the quality and the services provided to them.

We have recently completed projects in Southern Europe, Qatar & Saudi Arabia, concerning:

• Logistics Warehouses & Logistics Villages

• Industrial Buildings

• Commercial Buildings

IBLS utilizes a very specific methodology to manage internally all Project aspects, from Deliverables’ Quality and Standardization, to Time Schedule and Budget monitoring.

The Management Plan consists of 3 Principles of Operation:

• One Manager as point of contact of all Stakeholders. By having one person as the intersection of all requirements / input, the coordination between all parties involved (MEP, Arch / Civil, Logistics, Authorities etc.) is ensured

• In-house developed Management Software. IBLS has developed its own software (Management Information System – MIS) as an extension of our experience in Design and Construction of Industrial & Logistics facilities. This means that a tailor-made approach is utilized in managing the Deliverables, Time Schedule, and Project Budget, with the additional assistance of:

I) Internal Organization in compliance with ISO: 9001 requirements. Company Templates, Quality Assurance & Control Procedures are set up based heavily on ISO:9001, as per the Scope of the Certificate itself: a) “The scope of this approval is applicable to: b) Conceptual & Schematic Design, Construction Design and Project Management for Building Construction. Facility Maintenance Management. Provision of Consultancy Services for Logistics Centers. Provision of Commissioning Management Services”

II) Specific Deliverable Templates (All Deliverables have been already identified and are specifically set up – meaning that all engineers work on pre-defined basis for all items, ensuring same formatting and quality standards for all deliverables)

III) Additional Project Management Software usage (Primavera, MS Project)

• Organization of procedures and deliverables based on globally accepted Standards – in our case the CSI Master format®. The implementation of the US / Canadian origin Standard ensures the organization of the Project information and deliverables in a globally utilized language. All construction items (BoQ) are “tied” to their respective specifications and correspond to Drawings as well.

As IBLS, we have consistently worked to create high performance buildings for sustainable minded clients. Our in-house team of LEED professionals provide professional advisory for clients who seek to capture the full benefits of green. Assisting your company with various green accreditation schemes such LEED and GSAS. Our design and methodology delivers the optimal goodness of green and by aligning business and engineering solutions we maximize project’s potential.

Please visit our site (www.ibls.com) for additional information concerning our activities & services.

Contact Person: Ioannis Berlis - Commercial Director & Partner of IBLS

ADVERTORIAL

OMONIA TRANS WE HANDLE

FUTURE.

INFO

CrossStreet Agias Irinis

GR-14123 Athens

T: +30 2102882600

F: +30 2102882629

E: info@omoniatrans.gr

Offices: Lagkada 11B

GR-54629 Thessaloniki

Warehouse: 9th km of the new ring road of Egnatia highway

GR-57013 Thessaloniki

T: +30 2310556271

F: +30 2310556272

www.omoniatrans.gr

We handle now Approaching our 45-year milestone of impeccable international transport and logistics services, we, at OMONIA TRANS, are as committed to providing our clients with exceptional service and innovative solutions today, as we were on our first day of business. Not only do we handle all our clients’ needs, in full compliance with EE laws and regulations, but we also implement strategies that result in added value services for them.

As a second-generation family business, we operate on a single promise: the power of team spirit, which we encourage and share with all our employees, who we consider our extended family. At OMONIA TRANS, we guarantee professional care of your transportation, 100% on-time delivery of whole or partial shipments, and logistics solutions for businesses of all sizes, across all industries.

Furthermore, at OMONIA TRANS, we offer consulting services to help our clients optimize their logistics operations. Our team of specialists has years of experience in the industry and can provide valuable insights and recommendations to help our clients achieve their goals.

We care for the future

OMONIA TRANS is a company with profound ecological awareness and has been a pioneer in Greece, for several decades in green services and practices. What may to others be compliance with environmental rules, has always been a pursuit and a goal for us. Today, our company has the tools, based on EU directives, that allow us to input itineraries, kilograms, and other parameters in order to prove our CO2 footprint from our activities, at the request of any of our customers.

In addition, OMONIA TRANS has some notable firsts in green services that make us proud. We are the first transport and logistics company in Greece to invest in a hybrid truck, which is used for distributions in the center of Athens, relieving an environmentally burdened area.

Moreover, as part of our strategic decision to continuously reduce our carbon footprint in the long term, we have already planned the construction of a new bioclimatic building for the expansion of our storage areas in Lykovrysi, Attica.

OMONIA TRANS Services

• Guaranteed International Transportations.

• Lines with trusted correspondents in more than 25 European countries.

• Modern Logistics Services.

• Bonded warehouse operations.

• Specialized Storage.

• Fashion Logistics handling.

• Transfer of hanging garments, cosmetics, and products of special care.

• Special projects: constructions, renovations, etc.

• Transfer of returned products (reverse logistics).

• Recycling of packaging materials and garments.

• Specialized Parcel / Piece Services.

• Efficient Consulting Supply Chain Solutions.

NOW. WE CARE FOR THE

STEP STEPby to the Market GREEK

TAXATION

Planning a logistics business in Greece: Have you factored in taxation?

GREENWOODS INSURANCE

BROKERS Ltd.

Insurance & Logistics

PORTS

The Piraeus port connectivity in the global sea transport network

MARONIDIS & ASSOCIATES

LAW FIRM

Legal Framework for Road Transport & Logistics in Greece

PLANNING A LOGISTICS BUSINESS IN GREECE: HAVE YOU FACTORED IN TAXATION?

W

ith the European Union (EU) operating as a single market and international trade between Asia’s giants and Europe’s traditional and emerging economies ever expanding plus free trade with North America on the horizon, Greece offers a geostrategic location as an entry port and a hub not only for Europe but also for the Middle East, North Africa and the Balkans.

In this context and despite its unsteady financial landscape, Greece already provides incentives, including VAT exemptions on certain large-volume imports, in order to facilitate international trade. Taking also into consideration the escalation of e-commerce activity and the focus on supply chain management, this indirectly results in a significant positive impact on the logistics business. Additional measures are needed, including the introduction of call-off and consignment stock facilitations, so as to foster further growth in international trade which will in turn give further impetus to logistics activities. As it is reasonable to expect business opportunities to grow over the next years, foreign investors contemplating to engage in logistics activities in Greece should be well prepared to meet their tax obligations, taking into consideration not only the global trend towards stricter anti-avoidance rules, but also the ever-changing Greek tax framework, which can become a significant barrier at a later stage, or eventually even a show stopper, if not factored in during the planning stage.

What follows is a summary of the main tax issues an investor can expect to face when carrying out a logistics business in Greece, from the initial formalization of a physical presence in Greece, through to the operating stage and even later when deciding to wind down or sell their operations.

Setting up a logistics business

Foreign investors intending to operate in the Greek logistics sector are normally advised to formalize their presence in Greece either by incorporating a local subsidiary or by establishing a Greek branch. No taxes arise on the initial capital contributed to a subsidiary nor on working capital provided to a Greek branch of an EU parent whereas a 1% capital concentration tax applies in the event of certain subsequent capital injections to its subsidiary and as well as on working capital provided to a Greek branch of a non-EU entity. A formalized presence gives rise to a number of regulatory, administrative and compliance

obligations (including bookkeeping and record-issuing requirements). Most importantly however, by formalizing their presence in Greece correctly from the onset, investors can avoid disputes on certain issues in the course of a future tax audit that could otherwise lead to significantly adverse tax implications.

Given that logistics activities often involve the acquisition of warehousing facilities, investors should be aware that the purchase of new buildings can burden them with 24% VAT; otherwise, the transfertax burden plunges to 3.09% on used premises, which is the effective rate of the real estate transfer tax applying to any real-estate property transfers not subject to VAT. Tax benefits are available through the use of financial leasing of premises as described below.

Operating a logistic business

Direct tax implications

Like all businesses in Greece, profits earned from logistics operations are subject to corporate income tax currently set at 29%. Taxable profits are generally derived following deduction from gross income of qualifying expenses, including interest and depreciation (under conditions).

Transactions between associated companies should be at arm’s length, i.e. they should be carried out under economic or commercial conditions similar or identical to those applying between nonassociated companies. Failure to comply with transfer-pricing rules and documentation obligations can result in the upward adjustment of corporate income tax and the imposition of heavy penalties.

Certain payments trigger withholding tax at rates determined by domestic legislation, unless the beneficiary is established in a country with which Greece has signed a treaty for the avoidance of double taxation and such treaty provides for a lower withholding tax rate. The most frequent payments triggering withholding tax obligations include royalty and interest payments, which are currently subject to the domestic rates of 20% and 15%, respectively, although exemptions can apply under conditions. The distribution of dividends is currently subject to the domestic rate of 15%, with exceptions generally applying to dividends distributed by Greek branches to their foreign head offices and by subsidiaries, under conditions. Payments for services can also be subject to 20% withholding tax, but exemptions apply subject to conditions.

Indirect tax implications

From an indirect tax perspective, the most important tax is VAT,

whose standard rate is currently set at 24%. Logistics services are normally burdened with 24% VAT, with an exemption applying for certain cases involving only transportation services. However, when logistics services are rendered to foreign entities Greek VAT may not be due if such services do not primarily involve warehousing activities. It should be appreciated that not assessing Greek VAT should constitute a decision based on solid legal grounds, since it can otherwise trigger adverse implications, involving monetary penalties and even criminal sanctions.

Although the importation of goods from outside the EU is generally subject to 24% import VAT as well as customs duties (which vary depending on the nature of the goods imported), such levies should not normally burden logistics businesses, since importations are usually effected in their clients’ name (thus burdening the clients). Finally, investors should bear in mind that certain transactions such as the granting of loans by lenders who are not financial institutions or the assignment of claims, can be subject to stamp duty (normally 1.2%, 2.4% or 3.6%), although exemptions can apply in a number of cases.

Taxation on real estate

Foreign investors intending to carry out logistics business in Greece through a privately owned warehouse will be burdened annually with Unified Real Estate Ownership Tax (UREOT). UREOT is the most prominent real-estate ownership tax in Greece and is assessed on any Greek or foreign company owning Greek immovable property. It consists of a main tax and a supplementary tax, with the main tax ranging from EUR 0.001 to EUR 13 per square meter (and is then multiplied by certain coefficients); the supplementary tax is calculated at the rate of 5.5‰ on the objective tax value of all Greek real-estate holdings.

In addition to UREOT, Greek and foreign companies are subject to an annual Special Real Estate Tax (SRET), calculated at the rate of 15% of the objective tax value of all Greek real-estate holdings held on 1 January of each year. Several exemptions can be invoked and the relevant conditions for exemption must be fulfilled as at 1 January of

each year and evidenced on the basis of specific, and rather formalistic, documentation.

As an alternative to the ownership of real estate, foreign investors can opt to lease warehousing facilities either directly, or under sale-and-leaseback schemes involving transfer tax exemptions. In this way, investors can benefit from income tax deductions (e.g. leasing expenses/interest and, under conditions, depreciation) and increased cash flows, since funds that would have been applied to the purchase of warehousing facilities and to the respective acquisition and ownership taxes, can now be channelled to productive activities and further investment.

Exit taxes

Where a foreign investor wishes to seize operations in Greece, the shares or the business can be sold or the company liquidated/branch wound down. Profits arising from the transfer of shares are treated as business income and generally taxed at 29%. However, this tax would not apply to foreign investors without any physical presence in Greece, if they sell shares in their Greek subsidiaries. Capital gains arising if the Greek branch or subsidiary sell the logistics business and/ or its assets are treated as regular profits and are subject to tax at 29%. If the sale qualifies as a transfer of a business as a going concern for tax purposes, it can trigger stamp duty; otherwise, transfers of assets are subject to VAT. Proceeds of liquidation distributed to shareholders/ head office are treated as dividends/profit distributions respectively and taxed as such.

Final Words

Being strategically located in the region of South-East Europe and in view of the ever-growing international trade between East and West, Greece can play an important role in logistics activities.

In this context and in spite of its seemingly complex and continuously changing tax framework, if the investment is planned ahead correctly, taxation in Greece may not be such a significant barrier for foreign investors intending to carry out a logistics business in Greece given currently available incentives as well as facilitations to come.

GREENWOODS INSURANCE BROKERS LTD. INSURANCE & LOGISTICS

The term insurance is closely linked to the concept of risk and the literature referred to as “the concentration of random and unpredictable risks by transferring them to insurers who agree, for a premium, to indemnify the insured for accidental damage or provide other financial benefits or services related risk “.

In general terms, the risk represents uncertainty of occurrence of a harmful potential and the possibility that there is a possibility it may not be favorable. The risk exists in various situations involving individuals, enterprises and society as a whole. However, the definition of risk may be different when used as an analytical tool for financial analysts, statistical analysts, decision analysts or security analysts. Within the insurance industry, risk represents either a risk insured against an event (e.g. fire) or a property covered by an insurance policy.

Stages of a risk are five: prevention, detention, transfer, loss control and insurance. The way chosen by each person or company or society in general related to the way it manages the risks (risk management). Where the insurance is selected to be used as a method of risk management, should be highlighted, inter alia, the choice of insurance coverage, the option of the insurer, the negotiation of insurance terms, information on insurance coverage and the periodic review of the insurance program chosen.

The private insurance as an idea comes from ancient times with some strong indications appearance in Mesopotamia. During land transport development, traders were making agreements among themselves, in order to face together as a whole any loss or damage of goods carried during the journey.

This led historically to adopt unconventional security mechanisms as in ancient Greece, and the Roman era, in Spain, Italy, Portugal, Netherlands, where was established and the first insurance company for the shipping insurance while in London (1666) created the first insurance company for fire.

The competition in the Greek insurance market is fierce. Causes of this fierce competition is the large number of companies operating in the industry, the slowdown in market growth and the strong bargaining power of customers, reinsurers and insurance products distribution network.

The potential competition from the risk of entry of new firms in the industry is an important determinant of the industry structure and the insurance companies’ profitability level. At the same time,

the provision of insurance services from companies that are not established in Greece, but also the existence of 46 specialized insurance companies, which can operate in specific segments of the insurance market creates strong competitive pressures in the industry and help reduce their profitability. Insurance is no longer just an option, but a necessity.

General Background

Hellenic Logistics and Transportation industry is a very important sector, with a reasonable share in the European market, while Supply Chain sector is another major component of imports-exports which is rapidly and continually growing.

Hellas’ imports and exports are rising and are expected to continue to do so as measures to increase competitiveness are implemented. The destination of over one-half of Hellas’s exports was the European countries for many years, and Germany remains its largest export customer.

The development of Hellenic commerce is notable. Hellenic economy includes a large Logistics and Transport sector. Hellenic Transport industry, shipping, road, air and rail, has ranked among the most important industries in the world for a lot of years. The financial sector is rapidly developing and holds great export potential. This sector displays an obvious tendency towards internationalization.

• KONSTANTINOS KALOGERAKOS, INSURANCE BROKER GREENWOODS INSURANCE BROKERS LTD.

Transportation and Logistics

An industrialized society cannot exist without an efficient transportation system. We often assume that products will move from where they are produced to where they are consumed with a minimum of difficulty, in terms of both time and cost. In most industrialized economies transportation is so pervasive that we often fail to comprehend the magnitude of its impact on society. The logistics is a relatively modern service industry that combines transportation to storage and distribution. The provision of logistics services play an important role in international entrepreneurship, and is an important factor for attracting investments.

The term “logistics” is defined as the management of all transportstorage functions, including ancillary activities in moving the product from the point of production to the consumption points.

The development of logistics services in Greece time rendering sector is placed at the beginning of the 1990s to EU Directive 92/106 / EEC, which allowed the substitution of public customs warehouses, resulting in forwarding businesses to exploit their temporary dumps Community goods, services or providing storage and distribution. Also, an important step was made with the inclusion of logistics to the provisions of the development law N.3299 / 2004 which held definition of specifications, terms and conditions for qualification of investment supply chain service projects.

Failure to develop combined transport in Greece has resulted in the movement of goods, mainly by road, but is strategic importance of logistics in the Greek economy. This is an area that has enormous growth potential, mainly due to the geographical position of the country. According to reports by the agents of the logistics industry in the context of the World Bank research, the Greek logistics shows remarkable performance and characterized as «consistent performer».

The Logistics are applicable in two main fields. The first is the enterprise, which must organize the input, internal movements and outflow so materials and products, in order to ensure maximum customer satisfaction. The second field is the supply chain companies, which are ensuring the transportation of a product from the producers to the final consumers. The essential elements that interweave the Logistics is the management and strategic planning of the operation for production, storage and distribution of goods, from raw materials to finished products. The mission of logistics is to bring the right goods or services to the right place at the right time and in the desired condition, while contributing greatly to the company. The key characteristics governing the transport environment in Greece is that the country is in Europe’s peripheral area and not maintain physical borders with the rest of the EU.

Following the opening of the EU to the East, and precisely because of Greece’s position as a hub of maritime transports in the Eastern Mediterranean, Greece has increased its international importance. The importance of Greece today in the European transport system has changed radically. Greece is located at the junction of 4 large geopolitical areas (East of the EU, south of the former Eastern Europe,

west of the rapidly growing Turkey and north of the Arab world) with an increasing role and influence, and it could be considered as a host hub for goods in the wider area.

The role of Insurance and Insurance Broker

A successful and effective management of complicated risks involved in the supply chain, requires the participation of specialized Insurance Brokers with experience of the operational peculiarities of Supply Chain activities. They must have the ability to properly manage such specialized risks and have access to the specific insurance market that is writing such perils.

It should be noted that an insurance contract is based on the “Good Faith” by both parties (Utmost Good Faith). Thus, the insurance contract is a mutual property and assigned as follows:

a) The conditions of coverage, which is the interest protection of the insured and in accordance with these conditions will require a compensation in case of occurrence of the insured peril and,

b) The exceptions, which are the terms for the insurer. Both above cases, should be carefully and consistently analyzed by the Insurer to the Insured, in order to have a clear and comprehensive picture of the extent of the coverage offered.

Risks applicable to the Supply Chain Industry

Goods can be insured during international transits, storage and distribution with the following specialized insurance policies:

• “All Risk” or “Named Perils” open and block policies under the terms and conditions of the Institute cargo clauses for cargoes in transit.

• Property & Casualty all risks policies for cargoes in storage.

• “Stock throughput policy” which is a very extended coverage for cargoes in transit and storage.

Additionally, all parties involved in the supply chain (freight forwarders, international carriers, warehousekeepers, logisticians and inland carriers) who are acting under international conventions or international and national civil codes have a specific professional liability which can be covered with the following insurance policies.

• Freight Forwarders and/or Carriers Liability Insurance as defined by international Conventions (CMR, COTIF, Hamburg, Warsaw, etc.) and the Civil Code.

• Warehousekeepers Professional Indemnity Insurance.

Under all the above requirements, the Insurance Broker becomes a “strategic partner” for the Supply Chain Entrepreneurs. Our company Greenwoods Insurance Brokers Ltd has extensive insurance experience in all aspects of International & Domestic Cargo business, Cargo Liabilities, Marine Hull, Aviation, Commercial and Industrial, classes of business.

With modern conception, consultancy, respect and reliability, we give you the best possible solution for each peril. We create new products special for you and provide you with integrated coverage for your professional business and personal insurance needs.

PIRAEUS PORT

THE PIRAEUS PORT CONNECTIVITY IN THE GLOBAL SEA TRANSPORT NETWORK

The recent released data regarding the container throughput at the biggest Greek port, showed a decrease in the container volumes by almost 2,7% mainly due to the global economic environment. In many countries the trade has been severely impacted by the economic conditions which are characterized by increased inflation, reduction in consumption and disturbance in the supply-demand relationship.

Despite the economic environment and the reduction in the container throughput, the port of Piraeus maintains its position as a hub in the Mediterranean area, being on the top-5 container ports in Europe and on the top-50 container ports globally. The port is well embedded in the global supply chains and shipping networks. We collected data regarding the container vessel calls at the port of Piraeus, aiming at unveiling elements of port’s connectivity. The port of Piraeus is able to facilitate even the biggest container vessel in the world fleet which is a crucial parameter of port competitiveness and a sign of port embeddedness in the

global shipping networks. Figure 1 shows the biggest container ship calling at the port of Piraeus between 2016 and 2022.

FIGURE 1 – Biggest container vessel calling at the port of Piraeus (TEUs)

As shown in figure 1 the port of Piraeus is facilitating the biggest container vessels in the world fleet each year.

Examining the vessels port calls directly before and after the port of Piraeus, unveils that in 2022 the biggest Greek port related to 28 countries (two less comparing to 2021), 15 of them being in Europe, 9 Asian countries 3 countries from Africa and one country from North America. The analysis concluded that the port of Piraeus is directly connected with 69 ports around the world (three less ports comparing to 2021). It is worth noted that the port of Piraeus relates to some of the major hub ports in the world like Singapore, Port Klang in Malaysia, Rotterdam and Antwerp. Figure 2 shows the connectivity density of Piraeus port at a country level.

FIGURE 2 – Density of Piraeus connections at a country level

The 26,8% of the monthly itineraries that the port of Piraeus facilitates, are coming from or destined to a Turkish port. In the second place i Italy with 12,5% of the itineraries directly connected with Italian ports. The list of the top-5 connected countries with the port of Piraeus is completed with Egypt in the third place (7,9%), Singapore (6,3% of the itineraries) and Cyprus (6,1%). It is worth noted that in comparison with the 2021 data, Greece is no longer in the top-5 of the countries whose ports are resenting a high connectivity with the port of Piraeus. The majority of the itineraries connecting Piraeus port with the abovementioned countries are served by feeder vessels, highlighting the role of Piraeus as a hub port in the East Mediterranean region.

At a port level, the 6,3% of the monthly itineraries are coming from or destined to the port of Singapore. The port of Nemrut (Turkey) and the port of Limassol (Cyprus) are holding the second place with 6,1% of the monthly calls while the port of Izmir (Turkey) follows with 3,8% of the calls. The list of top-5 well connected ports with the port of Piraeus is completed with the port of Antwerp in Belgium (3,6%). Thus, more than 1/4 (25,9%) of the container vessel calling at the port of Piraeus are coming from or destined to just five ports.

Focusing on the liner shipping companies using the port of Piraeus, COSCO is holding the first place with the 24,2% of the monthly calls. In the second place there is MSC with 19,3% (comparing with 12% in 2021) while EVERGREEN holds the third place with 10,6%. The top-5 port users list is completed with CMA-CGM (8,7%) and Hapag-Lloyd (8,3%). In terms of Alliances the Ocean Alliance is the major partner of the port as 44,3% of the calls are coming from vessels of this alliance, showing that the operation of the port by COSCO, is attracting calls also from the other company members of the alliance. In the second place there is the members of the 2M alliance are counting for the 22,7% of the total calls while vessels of “The Alliance” are responsible for the 11%.

The vessel calls analysis shown the importance that COSCO plays in increasing port throughput, by attracting calls from the liner companies’ members of the same alliance. The continuous effort from the Piraeus Port Authority to exploit the port’s hinterland with of focus on the use of train services will increase the port’s hinterland connectivity, attracting additional traffic.

Dr. George K. Vaggelas Associate Professor, Department of Shipping, Trade and Transport – University of the Aegean

Dr. Thanos A. Pallis Professor, Department of Maritime Studies – University of Piraeus

MARONIDIS & ASSOCIATES LAW FIRM

LEGAL FRAMEWORK

FOR ROAD TRANSPORT & LOGISTICS IN GREECE

• GEORGE MARONIDIS, LL.M (SOTON) MANAGING PARTNER, MARONIDIS & ASSOCIATES LAW FIRM

This article aims to provide a short comprehensive reference as regards the legal framework for Road Transport & Logistics in Greece, namely Road Transport Legislation: Rules concerning the profession of road transport – The company types and transport undertakings allowed to exercise road transport – Legal types of transport undertakings – Licensing the transport operator – Licensing requirements of Trucks For Public Use (TFPU) pursuant to Greek Law 3887/2010 - Logistics Legislation under Greek Law 4302/2014.

Greek Legislation- Rules concerning the profession of road transport

With regard to the transportation sector, it has to be mentioned that Greece has adopted the EU provisions concerning the occupation of road haulage operator with the intention to extinct the pre-existing restrictions on freedom of establishment and on freedom of provision of services and has also brought the drivers' working conditions, charges and specifications of vehicles in a common European level.

The purpose of liberalization of the transportation sector is achieved with the enactment of laws 3887/2010, 4038/2012 and 4070/2012. The said laws aim to the right direction of liberalizing the transportation market, while integration of EC Regulation 1071/2009 took place with the enactment of Law 3887/2007, which was published into the Greek Government Gazette on 30.09.2010.

Nevertheless, the most important changes and innovations brought by Law 3887/2010 are considered the following:

1) Liberalization of the number of licenses for licensed road haulage (LRH), 2) freight limits abolishment, 3) organization of transporters by establishment of companies in the form of societe anonyme (SA) or limited liability companies (LLC), 4) adaption of the Greek freight transport sector to international trends.

LRH liberalization practically means that any person can obtain a LRH under certain conditions, within an an environment of increased competitiveness for advanced services at lower prices, abolishment of freight limits, organization of transporters in company schemes, evaluation of the existing licenses and integration of transport.

Besides, the recent legal framework abolishes the separation of international and national transport, establishes a national electronic registry for transporters with new vehicle inventory, compulsory insurance of goods by transporters and resolves environmental issues with the use of modern truck engines following the recommendation of the National Committee on Road Transport (Law 3887/2010). The liberalization of road freight transport actually intends to increase the number of road haulage licenses but the results of this initiative are still to be seen.

Transportation types under Law 3887/2010

The national law recognizes two types of road transport: a) the International and b) the National road transport by license holders of Trucks for Public Use (TFPU).

As to the company types and transport undertakings allowed to exercise the profession of road transport, Law 3887/2010 (Article 3) illustrates and emphasizes the formation of legal entities, besides partnerships or natural entities, exactly as follows “The establishment of transport companies of transport companies is authorized in a form of Societe Anonyme (SA) or Limited Liability Company (LLC) in order to perform international, national, regional and special transport services for one or more of these categories. Where there is no specific regulation, are applied the provisions of Law 2190/192012 (Law for Societe Anonyme (SA)) and of the Law 3190/1955 (Law for Limited Liability Company (LLC)), accordingly.”

The above companies mentioned in article 3 of Law 3887/2010

should be established in accordance with Presidential Decree 346/2001 and EC Regulation 1071/2009.

Licensing the transport operator – Issuance of TFPU Licenses

Licensing requirements for issuance of TFPU licenses are defined in article 4 of Law 3887/2010, under the amendments of Law 4070/2012, which is setting down the following rules that exist cumulatively for a person or a company:

The person or persons designated as managers of the transport companies which are operating under the legal form of SA or LLC must provide good repute within the meaning of Article 3 of the Presidential Decree 346/2001, they must be an EU Member State national and also pass examinations to obtain a certificate of professional competence. Moreover, each company or undertaking must have economic transparency within the meaning of Article 3 of Presidential Decree 346/2001.

As we can see, the above requirements are set out within the spirit of the EC Regulation 1071/2009 which designates an access to the occupation of road freight transporter through a high level of professionalism, with certificates and other qualifications facilitating by this manner the realization of the right freedom of establishment in national and international transportation while it lays down minimum conditions on access to the occupation of road transport operator and mutual recognition of documents required for this purpose.

Finally, it is really important to be noted that under Article 11 of Law 3387/2010 any limitation of freedom against the transport enterprises or their clients concerning their agreement for transport charges/freights is abolished.

Conclusions - Proposals for Road Transport Legal Framework

The institutional framework for road transport before 2010

was characterized by significant barriers to market access and operation, having a significant negative impact on industry efficiency, competitiveness of the Greek economy and the environment. Distortions associated with the previous institutional regime imposed its revision. At the legislative level, the reform of the institutional framework of the industry began under Law 3887/2010 which triggered a series of further legislative initiatives. The new institutional environment for business road haulage is business-friendly and in line with international best practice and regulations of EU.

It is also noted that there is scope for further actions in order to reach the maximum benefits of structural reform in road freight transport. In particular, the international experience has shown the importance of strengthening market surveillance to ensure healthy competition to full liberalization of the sector. Finally, what is particularly important is that the Greek State has to reduce bureaucracy and further simplify procedures, in order to make the transport sector more competitive while the sector faces strong competition from transport companies which are seated and operate in neighboring – Balkan countries, where the procedures for setting up and operating their respective companies are simpler and faster.

Logistics Legislation

Law 4302/2014 under title “Regulation of Logistics issues and other provisions” constitutes the first attempt of the Greek Legislator towards the harmonization and alignment of the Greek Laws with the trends in international markets of goods and the

Logistics Sector. The said Law is not yet practically “active”, but is expected soon to come in force after the issuance of a relevant Presidential Decree and shall constitute the most serious piece of law concerning logistics. Therefore, it is important to highlight the scope and objectives of the said law.

In line with the official explanatory report, the vision and objectives of Law 4302/2014 regarding Greek Logistics is twofold and concerns: Strengthening and modernization of the Freight and Logistics System in Greece with intent to develop the Logistics Sector and to help support the development of other sectors of national economy.

The objectives of the Law include:

• “The limits and boundaries of Logistics business and the relevant operation - company framework;

• “The protection of the environment and the promotion of green logistics;

• “The improvement of institutional framework concerning the establishment and operation of businesses within the Logistics sector;

• “The attraction of freight cargoes – transport loads and the creation of added value services;

• “The definition and development of National Range Business Parks;

• “The development of administrative structures for the continuous monitoring of Logistics sector and the creation and development of a national strategy.

The said Law consists of an attempt to remove the rigidities and therefore the insecurity of those investing in Greece, insecurity resulted from ambiguities and gaps in the legal framework such as the licensing process. Essentially this policy aims to reduce the supply cost of the businesses, while reducing the cost of consumer goods. Furthermore, the aforementioned Law intends to make Greece attractive as a Logistics hub, in order to attract the passing loads and cargoes from its ports, but also the cargoes transported by road and rail infrastructure in the markets of the Balkans and Central Europe.

Highlights of Law 4302/2014

The first part and articles of the Law define “Logistics” and “Logistics Operations”. Until recently there was no legislation at all concerning the definition of terms “Logistics” and “Logistics Operations” and thus there was confusion and ambiguity. The said Law provides for the first time the definition of Logistics service providers (3PL) and also defines undertakings of active logistics, warehousing, storage & distribution centers, the installation of a storage & distribution center and the methods of its operation and expansion.

The licensing will now be performed by the Regions Directorate for Development after the classification to environmental category of the Logistics installation. As regards a startup business for a Warehouse and Distribution Center classified in A class, a solemn declaration is only required stating that the Center fulfills the legal conditions and criteria. Moreover, as regards a Warehouse and Distribution Center classified in B class, the obligation for an operation license does not exist anymore. Further specialization is made for Centers that fall into subcategory A2, where the installation license is given by submission of the necessary documents and the operation license is given with the submission of a solemn declaration and a Letter of Guarantee.

For subcategory A1 the installation license is given exactly as described above in subcategory A2 and operation license is given with the submission of an application accompanied with the required supporting documents. It is also significant that Law 4302/2014 makes no separation between industrial and commercial warehouses in terms of operational licensing process, while terms for building warehouse areas – centers are equated with the terms which apply for industrial buildings. The said Law also provides for the connection of warehouses to road traffic networks and ensures that the engagement in one or more logistics activities will be allowed freely. Nevertheless, Law 4302/2014 defines that the context regarding urban transportation and distribution of goods shall be regulated after the entry in force of a relevant Presidential Decree. The expected P.D. shall define the temporary storage and truck parking within Municipal areas, the method of discharge and delivery of group of cargoes

and goods to the businesses and shops located at urban areas and shall regulate the access within and through the city areas. Law 4302/2014 consists of the first piece of Greek legislation that makes a reference in the Green Logistics, through the development of a carbon footprint recording system (database) for business Logistics. This database will be kept in the Ministry of Infrastructure, Transport and Networks, details of which will be communicated to those concerned. Finally, Law 4302/2014 establishes Logistics Business Parks of National Range, with option of coverage rate up to 70%, with a building coefficient/factor of 1,6 and maximum height of 25 meters. The Business Parks will constitute a new form of the already existing term of Business Parks, in which companies operating in the logistics sector will have the chance to be installed. Additionally, access to combined transport should be ensured in order the interconnectivity between the transport networks to be established, creating a continuous flow of products and raw material, improving transport times and reducing costs.

Conclusions concerning the benefits of Law

4302/2014 as to Logistics

The benefits of Law 4302/2014 can be defined briefly as follows:

• “Free access to the Logistics market and extinction of the unfair competition;

• “Determining the notion and context of Logistics;

• “Increase of outsourcing services;

• “Coverage of legal gap for operation licensing of autonomous warehouse facilities and reduction of business risk through the simplification and standardization of the licensing process;

• “Alignment of logistics facilities with market requirements;

• “Establishment of business logistics parks nationwide, which will obtain the required access to combined transport under a fast track process in order to attract major investors;

• “Obligatory connection of the warehouses to the road network;

• “Development of Urban and Green Logistics and establishment of an institutionalized framework for innovative practices concerning sustainability;

• “Creation of an administrative framework for the promotion of logistics issues (Council of Logistics Development & Competitiveness and Body for Promotion of Greek Logistics);

• “Engagement of one or more logistics activities allowed and simplification of 3PL activities;

• “Equation of warehouse building terms with building terms for industrial buildings, serving the needs of the market to build higher buildings;

• “Simplification of the licensing framework for warehouse centers, that favors new investments and reduces the administrative burden.

The German-Hellenic Chamber of Commerce and Industry has been the gateway to the Greek, German and global markets for 99 years and its objective is the tightening and growth of economic and commercial relations between Greece and Germany. The Chamber currently consists of 913 members. With offices in Athens and Thessaloniki, it undertakes a variety of activities and offers a wide range of quality services to support companies to develop and flourish. The collaboration with the Worldwide Network of German Chambers of Commerce Abroad, with 150 offices in 92 countries and more than 46.000 Companies-Members worldwide, under the DEinternational trademark, allows for implementation of international projects and offers sound opportunities for extroversion and networking.

ELIKON LOGISTICS

Europe is our Land and Elikon Logistics is a growing and modern European Logistics Operator, specialized in International Logistics, providing services focused on one stop shop supply chain philosophy. We are offering solutions for: • FTL / LTL loads • Dry and temperature-controlled goods. Follow us to the journey on the way to the biggest European markets and connect to Greece through end-to-end solutions of our company with the rest of Europe and vice versa. As a one stop shop in supply chain, we give customized solutions for crossdocking spot warehousing and distribution in Greece and in many European countries.

GOLDAIR CARGO

Goldair Cargo, founded in 1987, succeeded through steady and considered steps, to become a synonym of high quality services in the field of international freight forwarding and logistics. Nowadays, the company maintains more than 135.000 sq.m of covered warehouses, offering full range logistics services and handles over 42.500.000 pickings annually, distributing them throughout Greece and neighbor countries. Goldair Cargo, pioneer in the field of international forwarding, carries a pan European freight distribution network for 48 cities with daily and weekly departures, for dry as well as controlled temperature cargo. The company has also developed exclusive co-operations with market leading forwarding networks, covering through air and sea, any transport need, from and to all around the world.Follow us to the journey on the way to the biggest European markets and connect to Greece through end-to-end solutions of our company with the rest of Europe and vice versa. As a one stop shop in supply chain, we give customized solutions for crossdocking spot warehousing and distribution in Greece and in many European countries.

HARLAS INTERNATIONAL TRANSPORT S.A.

HARLAS INTERNATIONAL TRANSPORT S.A. was founded in 1969 and our name has been synonymous of accountability, consistency and effectiveness in the freight forwarding world continuing to be a pioneer offering high quality services with an anthropocentric approach. The continuous evolvement of our global network of 440 agents worldwide offers personalized transportation solutions to our customers. The 5 decades of ‘’knowhow’ and the successional certifications (ISO 9001:2015, 27001:2013, 37001-2016) , have fairly brought our company to the forefront of the international freight forwarding market. Our company also has been awarded by the Business Excellence model EFQM 3 stars.

GERMAN-HELLENIC CHAMBER OF COMMERCE AND INDUSTRY

Navicon SA was founded in 2002. Our company offers a complete range of shipping -transport and logistics services with multiple branches and activities within the supply chain. Our headquarters is located in Piraeus, Greece and we are globally present through our offices in Germany (Hamburg) , 3 locations in India (Mumbai/Jaipur/Ahmedabad) and Switzerland (Zurich). We are your one-stop shop for your international shipping and logistics needs. At competitive rates, our competent, friendly and well-trained stuff will provide you with reliable, transparent and personalized solutions, covering all aspects of your supply chain.

O.MIND CREATIVES

O.MIND CREATIVES, a company with an Open Minded approach to media productions, has in its portfolio the editions of four trade magazines ‘Supply Chain & Logistics’ , ‘Meatplace’, ‘Dairy News’, ‘The Grill Magazine’, read by more than 20,000 professionals each month.

O.MIND CREATIVES, also organizes and operates some of the most known B2B exhibitions held in Greece: The ‘International Supply Chain & Logistics” Expo held every two years since 2007, the B2B ‘Cargo Truck & Van Expo”, and the Conference Brand ‘LOGI.C’ held once a year. Furthermore, the company also organizes the 3branded exhibition concerning the food industry, ‘Meat Days’ – ‘ Dairy Expo’ & ‘Frozen Food’, also held every two years since 2012. Al events are taking place at the Metropolitan Exhibition Center of Athens, near the Airport, a venue considered to be one of the best of its kind in South-East Europe.

ORBIT GROUP

ORBIT Group of Companies (OB) is Greece’s freight forwarding and logistics leader with subsidiaries in South East Europe. With 100 years of experience, OB offers comprehensive solutions in Supply Chain Management & Freight Forwarding, including multimodal services on Road, Sea, Air & Rail transportation. OB delivers tailor-made logistics solutions using the latest techniques and tools for multinational clientele. Their  200,000 sq. meters state-of-the-art owned warehouses provide flexible solutions for 3PL services, temperature-humidity control, bonded warehouses, art facilities, and custom-made storage solutions. OB’s advanced logistics solutions are supported by innovative applications and tools, value-added services, reverse logistics, customer invoicing, SLAs, KPIs, and reporting. OB adopts advanced and up-to-date safety & security systems, providing full commitment to their customers’ needs.  OB is expanding their logistics hubs and fleet and upgrade their IT systems in order to carry them into Logistics 4.0 era while optimizing their Green Policy in conjunction with the sustainability of the organization.

At TEU Shipping and Forwarding Group, we believe that perfection is not just a goal - it’s an attitude. With over two decades of experience, we’ve become a trusted partner delivering exceptional support to every customer, every time. With offices in geostrategic locations in Europe and Asia, we’re well-positioned to provide below products across the globe: • Ocean freight (FCL/LCL, IMO shipments and reefer containers, cross bookings, Special Cargo, Project Management) • Air transport (IATA Member, Emergency shipments, FFO, OBC, Charter services, DGR shipments, Perishables, Courier service, Temperature controlled service) • International Road transport (FTL, LTL, ADR Shipments) • International Rail Freight • Special Transport Projects (Heavy Load or Oversized Cargo, Cargo Reception & Warehousing, Lashing & Loading, Ro Ro, BB, Chartering) • Distribution & 3PL services • Customs Clearance • Cargo Insurance

At TEU, we pride ourselves on being more than just freight forwarders - we’re innovators, collaborators, and trusted advisors.

TEU SHIPPING AND FORWARDING GROUP

Supported by

THE NATIONAL LOGISTICS COUNCIL (NLC)

The National Logistics Council (NLC) of Greece was established on 2014 by the Gov. of Greece as an advisory body by involving members from private and public sector, academia and unions, on a volunteer basis, with the main mandate to promote the Greek Logistics Sector.

The NLC aims to recommend evidence-based policies to the Ministry of Development and Investments, the Ministry of Infrastructure and Transports as well as the Greek Government Ministerial Committee for the Development of the Supply Chain. Identifying and developing strategic issues for the advance of Greek logistics and supply chain, the NLC proposes measures, actions and initiatives concerning reforms in the logistics sector, coordinating and interacting with public authorities, businesses and Universities.

The Greek strategic planning for the development and improvement of the Supply Chain and Logistics and its action plan is constantly under revision, together with incentives to innovate logistics businesses and co-working Greek Authorities in a “greener” framework. The NLC has identified, as top strategic goal, the promotion of Greece as an entry gateway for Europe and key hub for global supply chains In this regard, we are open and welcome ideas and proposals about new initiatives and investments in the Greek Logistics Sector.

The Greek Supply Chain was proven robust, resilient, and quite resourceful during both the recent pandemic as well as the War in Ukraine. The National Logistics Council is here, actively assisting all efforts for continuously up-to-date Greek logistics services.

THPA S.A.- PORT OF THESSALONIKI

ThPA S.A., listed on the Athens Exchange since 2001, handles containers, conventional cargo, operates the free zone of the Port in accordance with tax and customs legislation currently in force authorized with AEO license, offers reliable and cost-efficient logistics solutions, intermodal rail services with direct rail connectivity from the Port of Thessaloniki to Bulgaria (Sofia) and Serbia (Nis) and serves passenger traffic through cruise and ferry. ThPA S.A. mission is to provide an evolving, efficient and reliable intermodal network, which safeguards and upgrades the supply chain of its broader region, while actively contributing to the growth of its business partners, delivering value to all stakeholders and society, while promoting sustainability.

THRIASIO LOGISTICS CENTRE

Greece’s newest and largest Logistics Centre has been designed with “green” features to reduce the environmental footprint of the companies that will be housed. This innovative mega project, the construction of which starts in 2023, will be located in the municipality of Aspropyrgos (Attica region) and will be interconnected with all transport networks. Thriasio Logistics Centre will reposition the country at the center of Europe’s logistics map and will include at least 302.000 sqm of covered space on a total area of 588.000 sqm. This infrastructure can be configured according to your company’s needs and can serve at least 400 trucks and 50 train cars daily.

O.MIND CREATIVES true to its commitment to promote the logistics, supply chain and commercial vehicle, with a staff of experienced partners and accomplished executives, organizes the 9th “Supply Chain & Logistics” exhibition and 4th “Cargo Truck & Van Expo”, on September 30 - October 2, 2023, at Metropolitan Expo.

Recognized for its value and efficiency, the exhibition, with 300 exhibitors from across the entire chain supply chain, logistics, material handling, freight transport and commercial vehicles, in a exhibition area of more than 22,000 sq.m., framed by a series of parallel events and LOGI.C events, it is expected to set the “tone” of the market’s growth pulse, being once again a “meeting point”.

With thousands of visitors from the entire spectrum of the commercial and industrial world from Greece and abroad, theorganization of the 2023, looks forward to being the meeting point and setting the pace for a rapid growth in the country’s events in the next 5 years, with significant investments, company partnerships and cluster creation.

OF EXHIBITS

1 TRANSPORT SERVICES, LOGISTICS & FREIGHT FORWARDING

Storage, Services Logistics, 3PL, 4PL

Transport Services & Distribution (last mile)

Freight Forwarders

Road Transport

Maritime trasport

Air Transport

Rail Transport

Courier companies

Logistics Consultants

2 WAREHOUSE EQUIPMENT, AUTOMATION, PACKAGING & TECHNOLOGIES

Forklifts

Shelves and Warehouse Management

Systems

Automation and Robotic Systems

Information Systems (ERP, WMS, AI)

Barcoding, Rfid, Ex-Van, Voice systems

Picking

Warehouse and Industrial Construction Buildings

Secondary Packaging and Transport

Machinery and Materials

Pallets, Cartons etc.

3 COMMERCIAL VEHICLES & ELECTROMOBILITY

Commercial Vehicle Dealerships Transport and Distribution

Electric and Hybrid Vehicles

Electrification Infrastructure, Chargers and Accumulators

Vehicle & Machinery Leasing

Freight Transport Vehicles

Commercial Vehicle Consumables

Telematics, Transport Technologies and fleet management system

Commercial companies of all sectors

Organized Retail and Wholesale Electronic shops (e-shops)

Industries and crafts of all sectors

Transport, logistics, distribution, courier and warehousing companies

Construction companies

VISITORS OF THE EXHIBITION CATEGORIES

Companies with professional distribution and transport fleets

Professional truck drivers and operators

Public organisations, local authorities, military bodies, banks and public administration

Professors, Business Consultants, Students

OPERATING DAYS & HOURS

Saturday September 30 10:00 - 19:00

Sunday October 1 10:00 - 19:00

Monday October 2 10:00 - 19:00

THE EXHIBITION CENTER METROPOLITAN EXPO

The exhibition will be held in the stateof-the-art Metropolitan Expo exhibition center at the "El. Venizelos" international airport in Spata.

Metropolitan Expo is the most advanced and modern Exhibition center in Greece today, combining a multitude of advantages such as:

State-of-the-art facilities and high quality services for exhibitors and visitors

Easy access by car and public transport

Next to El. Venizelos International Airport

Comfortable free parking

Restaurant, Cafe and Shopping in the Airport's Retail park

DATA FROM THE PREVIOUS 2021 FAIR

In the previous event in October 2021, and immediately after the resumption of exhibition events, after the suspension due to COVID, the dynamic of the exhibition, was not significantly affected, thus showing the interest of the market, for investments and digitalisation of supply chains.

Transport

What Visitors are looking for at the Exhibition

Visitors: 14.000 Professionals

2023 FORECAST

300 exhibitors

20.000 visitors

3 halls

4TH ORGANIZATION Co-located with

The Modern exhibition for professionals vehicles, electromobility and transport technologies “Cargo Truck & van Expo’’ is being held in parallel with the exhibition for Supply Chain and Logistics at the exhibition centre Metropolitan Expo.

The new era into which the commercial vehicle is entering along with logistics will be presented at this double exhibition event presenting new models, electric vehicles, intelligent transport systems and innovations for logistics.

THE EXHIBITION for Commercial Vehicles transport technologies and Electromobility

Trucks

Van, Vanette Electromobility

Infrastructure and Chargers

Bodies/Carriages/Cargoes/Containers

Transport and Telematics Technologies

Leasing & Rental of Commercial Vehicles

Consumables and Accessories

The need for the modernization of the Greek transport fleet is particularly great, and in response to this demand of the times, the exhibition will present all solutions and perspectives of the sector, which are directly linked to freight transport and logistics.

Exhibitors, visitors and public bodies have expressed their interest in actively participating in this double exhibition event which will mark the the development of the sector in our country.

ELECTRIC MOBILITY FORUM

Conference on Electromobility

City logistics and urban distribution are taking on a new dimension. The country’s integration into all European programmes for the development of alternative energy sources, the investment in charging stations for new electric vehicles, form a new, modern reality. Electromobility is today’s requirement, with the major international car manufacturers investing in fully electric fleets of both heavy trucks and city logistics vans, while studies on dual-fuel commercial fleets are now delivering the maximum, creating real and reliable solutions for a market that is looking for and investing in new solutions.

The 4th edition of the exhibition will feature a Conference which will present and all these issues, attracting the interest of companies investing in green growth and electromobility.