Creative Greece 2017 by NewTimes

2017

To u

pp i

m ris

ort Leaders - S p x hi -E

2017

www.depa.gr

TIVE GREE REA

A R D S 2 0 17

CREATIVE GREECE 2017 - EXPORT LEADERS

OWNED BY ACTIVE BUSINESS PUBLISHING 17 Kadmias St., Athens 118 55 - Greece Tel: (+30) 210 3427 481, (+30) 210 3428 667 Fax: (+30) 210 3421 955 URL: www.active-business.gr www.newtimes.gr www.timetv.gr www.traveltimes.gr www.salus.gr Email: info@newtimes.gr

PUBLISHER Spyros A. Ktenas EDITOR IN CHIEF Dionisis Vasilopoulos EDITORS Natassa Spagadorou George Sakkas DATA BASE Antonela Toni Nikolaos Prokakis SALES MANAGER Theodoros Tsakaloglou MARKETING DEPARTMENT Othon Vassilopoulos Mirto Tozakidi

TIVE GREE A E R

A R D S 2 0 17

CTP & PRINTING Rois Bros SA PRICE: 30ευρώ

CREATIVE GREECE 2017 - EXPORT LEADERS

editorial

By Spyros Ktenas

Extroversion can lead the country out of the crisis

The news is revealing and certainly beyond the current unpleasant climate: For the second consecutive year, Greek exports in 2016 hit a new record at 18.59 billion euros (compared to 18.36 billion euros in 2014), and indeed in spite of recurring problems last December in some sectors. It really is no wonder how the Greek entrepreneurs - at least those who found their way to foreign markets - manage to increase their performance in such a nightmarish landscape, with successive tax raids. And the question fairly arises: What could they achieve should the state and the government were more favorably disposed towards entrepreneurship? If there was a government of national unity, which would be really determined to put an end to the “hide and seek” game of the loan agreements (memorandums) and pull their socks up to put the country back on a productive track? If there was a government that had enlisted the country’s most healthy forces to implement a jointly inspired government growth plan? There is now a common and documented belief that in order to recover, Greece would need new investments of up to 100 billion euros in the next five years. But to implement such plans, the country’s political forces must unite, as should the entire country, to show within and outside its borders that it is fighting for such investments in every possible way. And this has nothing to do with the current government’s attitude towards investment projects, such as the former Ellinikon airport, the utilization of ports, the rail network and the country’s airports. Even the last citizen of this country understands that the way out of the crisis can only come from vigorous entrepreneurship. This is because it is only entrepreneurship that is currently generating surplus value. But to achieve this, the state and the government must stop their maltreatment of entrepreneurship. In short, the state should immediately: - Regulate the tax burden to fall on more shoulders, by aggressively tackling tax evasion through electronic transactions and granting tax incentives for the country’s most productive workers and businesses. - Enhance the liberalization of product and services markets. - To gradually remove restrictions on capital movements, in order to convey a message of confidence and trust in the markets, as the concept of “growth under capital controls” sounds really as a joke. - Reinforce a non-bank market liquidity through the NSRF programs, the growth law and alternative sources of financing (National Entrepreneurship and Development Fund - ETEAN, international financial institutions, etc.). - Make the property tax (ENFIA) a reciprocal tax to be charged on every single property, in proportion to their actual value, and abolish the specific tax on properties used for production process. - Shorten the judiciary time by introducing court reforms to increase judicial productivity (introduction of high technology, etc.). - Provide legislation for the maximum time of publication/issuance of ministerial decisions and presidential decrees, which should not exceed six months. - To launch a major reform of the social security and pension system. - Lastly, to allow the shaping of a functional and integrated institutional framework for the prebankruptcy and bankruptcy proceedings, which would quickly, fairly and efficiently resolve the huge problem of non-serviced (or, red) loans. The above, besides paving the way to boost domestic entrepreneurship, would surely strengthen and open up the Greek economy to the world markets. Such enterprises deserve special treatment and attention, as they take the risk to export, achieving remarkable progress in their export performance and contributing to the national GDP, currently at its lowest level. It is in this direction that this year’s Active Business Publishing organizes its annual financial forum on GREECE OF EXTROVERSION - CREATIVE GREECE 2017, which will take place at the Grand Ballroom hall of Hotel Grande Bretagne Athens, on Monday, March 20, 2017 at 5 pm. During the event, the country’s businesses achieving extraordinary performance in the ‘extroversion sector’ (exports, tourism, shipping), will be awarded the distinctions Creative Greece Awards 2017.

CREATIVE GREECE 2017 - EXPORT LEADERS

ADELCO SA................................................................................................ 206 AEGEAN MARINE PETROLEUM................................................................. 135 ALCHIMICA SA.......................................................................................... 192 ALDEMAR GROUP..................................................................................... 219 ALKYON RESORT HOTEL & SPA ................................................................ 225

CONTENTS

ANGELICOUSSIS SHIPPING GROUP.......................................................... 232 APIVITA S.A.............................................................................................. 197 ASTIR VITOGIANNIS BROS SA................................................................... 201 ATHENIAN BREWERY................................................................................ 146

Editorial: 6 Spyros A. Ktenas

ATHENS INTERNATIONAL AIRPORT “ELEFTHERIOS VENIZELOS”............... 142 ATLAS TAPES SA....................................................................................... 174 ATRIUM PALACE THALASSO SPA RESORT & VILLAS, LINDOS, RHODES...................................................................... 220

109 Export Leaders

BOEHRINGER INGELHEIM HELLAS S.A..................................................... 153

211 Tourism

Creative Greece 2017 index

235 Shipping

CABLEL HELLENIC CABLES GROUP .......................................................... 144 CAPITAL MARITIME & TRADING............................................................... 242 CARAVEL HOTELS SA................................................................................ 232 CELESTYAL CRUISES................................................................................. 218 CHITOS SA - ZAGORI, NATURAL MINERAL WATER.................................... 185 CORINTH PIPEWORKS .............................................................................. 150 COSTAMARE.............................................................................................. 239 DELTA FOODS SA....................................................................................... 149 DIANA SHIPPING...................................................................................... 244 DODONI SA............................................................................................... 168 DOW HELLAS SA....................................................................................... 177 DRYSHIPS................................................................................................. 235 DUR SA..................................................................................................... 209 DYNAGAS.................................................................................................. 233 ELECTRA HOTELS & RESORTS .................................................................. 221 ELECTRA S.A............................................................................................. 221 ELLAKTOR SA............................................................................................ 134 ELPEN S.A................................................................................................. 166 ELVAL S.A.................................................................................................. 140 ELVIAL S.A................................................................................................ 184 ESPERIA GROUP TOURISM ENTERPRISES ............................................... 217

CREATIVE ACTIVE GREECE 2017 2016 - EXPORT LEADERS

EVOIKI ZIMI SA......................................................................................... 207

MYKONOS GRAND HOTEL & RESORT – DIAKOFTIS SA.............................. 223

EZA PROTYPOS HELLENIC BREWERY ....................................................... 204

NAVIOS..................................................................................................... 234

FAIAX SA, MEMBER OF N. DASKALANTONAKIS GROUP

NESTLÉ HELLAS SA................................................................................... 143

-GRECOTEL................................................................................................ 229

NIREUS AQUACULTURE S.A....................................................................... 157

FITCO S.A.................................................................................................. 176

NITSIAKOS SA........................................................................................... 152

GASLOG/CERES SHIPPING........................................................................ 236

OLYMPIA ODOS S.A................................................................................... 200

GEK TERNA GROUP................................................................................... 136

OLYMPUS DAIRY SA.................................................................................. 156

GENR8 MARITIME..................................................................................... 241

OTE GROUP............................................................................................... 132

GOLDAIR HANDLING SA........................................................................... 179

PALLIRIA S.A............................................................................................. 191

GRECOTEL................................................................................................. 226

PHARMATHEN SA..................................................................................... 158

GREEK WINE CELLARS S.A. ...................................................................... 198

PIRAEUS CONTAINER TERMINAL S.A........................................................ 163

GREEN COLA COMPANY............................................................................ 205

PORTO CARRAS GRAND RESORT............................................................... 216

HALCOR GROUP........................................................................................ 138

POWER HEALTH S.A.................................................................................. 203

HATZILAZAROU GROUP............................................................................ 230

PUBLIC GAS CORPORATION (DEPA) S.A.................................................... 133

HELLENIC DUTY FREE SHOPS SA.............................................................. 147

RADISSON BLU PARK HOTEL ATHENS....................................................... 234

HELLENIC PETROLEUM S.A....................................................................... 130

RONTIS HELLAS SA................................................................................... 199

HELLENIC RAILWAYS ORGANISATION (OSE)............................................. 169

SAFE BULKERS.......................................................................................... 245

HOTEL GRANDE BRETAGNE....................................................................... 214

SAINT JOHN MYKONOS HOTEL & VILLAS – ACHINOPODI SA................... 224

INTERCARGO............................................................................................ 243

SANI RESORT............................................................................................ 212

INTERCOMM FOODS S.A........................................................................... 170

SAPOUNAKIS PANTELIS “STAR BEACH” SA ............................................... 231

INTRACOM DEFENSE ELECTRONICS.......................................................... 181

SARANTIS GROUP..................................................................................... 165

INTRALOT S.A........................................................................................... 172

SEPTONA SA............................................................................................. 190

KALLAS PAPADOPOULOS SA..................................................................... 162

SIDENOR AND ITS AFFILIATE COMPANIES................................................ 160

KARELIA TOBACCO INC. SA....................................................................... 137

STAR BULK ............................................................................................... 237

KRONOS SA............................................................................................... 180

TEMES S.A................................................................................................ 213

LAVINIA GROUP........................................................................................ 246

TITAN CEMENT CO. SA............................................................................... 148

LINDOS IMPERIAL IOANNIS MINETTOS SA............................................... 222

TSAKOS ENERGY NAVIGATION.................................................................. 238

LOUIS HOTELS SA..................................................................................... 228

TSETIS GROUP OF PHARMACEUTICAL COMPANIES (OFET)...................... 182

LOUX MARLAFEKAS SA............................................................................. 196

UNION OF GREEK SHIPOWNERS .............................................................. 240

MEGARA RESINS SA................................................................................. 186

UNI-PHARMA SA, INTERMED SA............................................................. 182

MELISSA KIKIZAS FOOD PRODUCTS SA.................................................... 178

VIANEX S.A............................................................................................... 154

MEVGAL S.A............................................................................................. 167

VIORYL SA................................................................................................ 202

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A...................................... 131

YANNIDIS GROUP..................................................................................... 194

MP PHARMA SA........................................................................................ 188

ZOINOS WINERY S.A................................................................................. 208

CREATIVE GREECE 2017 - EXPORT LEADERS

Minister of Finance and Development

Dimitrios Papadimitriou A year of recovery for the Greek economy

It should be noted that, by the end of the two-year period 2016-2017, one of the largest privatization programs worldwide will have been implemented

We are experiencing the most intense financial and social turmoil since 1945 and in transition where the old state of affairs is swiftly being altered, while a new model has not yet emerged. We are confronted with an environmental crisis, mass immigration, terrorism, rise of populism and nationalism, global instability, doubts of the European integration and the failure of political leadership to plan effective and viable policy for these long-term problems. It is against this climate of instability and uncertainty that Greece is making the first steps towards economic recovery after many years in recession, transitioning to a new production model within the European Community. After a long-running recession with market reforms, during which Greece experienced the largest fiscal consolidation ever achieved by an OECD member state, there is evidence that the economy has turned a new page beginning with Q3 2016. More precisely: ● Real GDP grew at an annual rate of 1.8%. ● Gross fixed capital formation volume increased by 12.6%. ● In 2016 goods and services exports expanded by 10.2% and tourist arrivals reached an alltime record of 30 million visitors. ● Private consumption increased by 5.1% annually, retail trade volume increased by 3.6% in November and deflation was brought to a halt in December. ● FDI more than tripled during the Jan-Oct 2016 period. ● Employment increased by 2.4% -from 35,895 to 36,748 employees- during the first 10-month period of 2016 when compared with the 2015 respective period. The unemployment rate dropped from 24.5% in October 2015 to 23% in October 2016. ● Unit labor costs competitiveness improved by 24% against 37 countries during the period 2009-2015. ● The fiscal surplus of the state budget during 2016 was more than double. ● The industrial production index shows an average annual growth rate of 2.3% in the elevenmonth period of 2016, from the 0.5% rate recorded during the 2015 respective period. ● And finally, the successful recapitalization of Greece’s systemic banks, the small reduction in NPLs and the small but steady return of deposits led to the upgrade of the Greek banking system by Moody’s and contributed to the improvement of the economic climate. These are all facts and cannot be ignored, providing evidence of the ensuing recovery. In the meantime, the government is implementing policies focusing on the three key pillars upon which its growth strategy is built: ● attracting investments, ● increasing exports and

● creating a friendlier entrepreneurial environment. For the first time, all available tools –the calls for proposals under the NSRF, the streamlined funding options and the opportunities provided in the new Investment Law- concentrate on the same priorities and are part of an overall growth strategy. The new NSRF focuses on start-up businesses supporting the talents of new professionals by creating innovative value-added products and services that could compete successfully and profitably in the global marketplace. Emphasis is given on synergies and collaborations aiming at the development of integrated value chains, as well as on research and technology. The results achieved so far are very positive, since the resources allocated under the previous NSRF have been fully absorbed, while 55% of the new programs have already been activated. In 2016 absorption exceeded all expectations, reaching 11.35% from the anticipated 7%. For the very first time, goals and targets combine quantitative and qualitative characteristics. They include redesigning the NSRF so as to appeal to societal needs, encouraging public consultation on the objectives and priority areas of the calls for proposals, managing the required procedures through an online system while reducing costs and bureaucracy, ensuring transparency and monitoring at all levels. Moreover, through an escrow account activated by the Ministry of Economy and Development, funds are released to the beneficiaries without the obligation of providing a letter of credit, the issuance of which prevented many interested parties from submitting proposals in the past. New funding tools, such as the EquiFund, the Entrepreneurship Fund II and the “Energy Efficiency at Household Buildings” Program, have been funded with resources amounting to EUR 1 billion, and are expected to lever more than EUR 2 billion in the real economy. It is the first time that an investment incentives law gives priority to supporting SMEs and not a small number of large-scale investment projects, most of which usually employ low technological content and have low-impact growth. Special emphasis is given to activities where the country offers competitive and strategic advantages, such as the agro-food, ITC and logistics sectors, while at the same time, the new Investment Law is making use of innovative funding tools, including tax incentives and/or subsidies. Finally, it should be noted that, by the end of the two-year period 2016-2017, one of the largest privatization programs worldwide will have been implemented. Based on the above, a two-digit growth rate in investment volume in 2017 would be very reasonable, and together with exports, would stimulate growth at the rate in concert with the projections of the EU.

ADERS

CREATIVE GREECE 2017 - EXPORT LEADERS

Minister of Shipping and Island Policy

Panagiotis Kourouplis Greek shipping: an excellent paradigm of an outward looking industry

I n 2016, as many as 1,389 shipping companies operated in the port city of Piraeus, offering direct employment to 15,500 people, being a strong driving force for a whole range of related international economic activities

1. The history, culture and economy of modern Greece are inextricably linked to sea and shipping. Over the years, shipping has emerged as one of the main pillars of the Greek economy, which consolidates its economic recovery and constitutes the backbone of the country’s social and economic welfare. For this reason, Greece, as a maritime nation, attaches great importance to maritime transport, raising its national profile on an international level, what is commonly called “maritime diplomacy”. 2. The truth is that shipping affects us all. No matter where you may be in the world, if you look around you, you are almost certain to see something that either has been or will be transported by sea, whether in the form of raw materials, components or products. Yet few people have any idea just how much they rely on shipping. This does a huge disservice to an industry which quietly and efficiently, day and night, never pausing and never stopping, keeps the world turning and its population fed, clothed, housed and entertained. This is a story that needs to be told. 3. Despite the volatile international environment and the unstable market conditions, which have not left maritime transport unaffected, Greek shipping continues to maintain its leading role in the international shipping industry, providing worldwide high quality maritime services with a modern fleet that operates under the highest safety and environmental standards. Greek shipping is the global leader in terms of capacity, which equals to 20% of the carrying capacity of the entire global fleet and 50% of the EU tonnage capacity. 4. Despite the fact that Greece is a relatively small exporter and importer of goods by sea, it controls the second largest merchant fleet in the EU in terms of gt and the 7th largest fleet in the world in terms of tonnage. In addition, the Greek-owned fleet ranks first worldwide, amounting to 4,092 vessels (320 million dwt) of various types that fly 43 different flags. . 5. Furthermore, Greece is a significant hub of seaborne trade in the Eastern Mediterranean. It is our aspiration to build on this and, based on our strategic alliances, to make our ports the main hubs towards the Balkans and southeastern Europe. 6. Thanks to its natural beauty, history, culture and the efforts of the Greek government, Greece is in the heart of the world’s maritime tourism and a top destination for the cruise industry. To further promote Greece as one of the major cruise destinations, the Greek Government constantly pursues the modernization of port infrastructures by further developing the cruise industry, attracting home porting for cruise vessels, and improving port services and security. 7. In 2016, as many as 1,389 shipping companies operated in the port city of Piraeus, offering direct employment to 15,500 people, being a strong driving force for a whole range of related international economic activities (MMA & IP/HCG/Directorate for Shipping). The contribution of shipping to the Greek economy accounted to nearly 10 billion euros for the year 2015. According to recent data, 192,000 people are employed, either directly or indirectly, in the Greek maritime cluster giving a refreshing impetus to employment and growth (UGS Annual Report, 2014-2015). 8. As an international activity par excellence, maritime transport requires a global regulatory framework. To this end, Greece attaches great importance to its bilateral maritime relations and agreements, as well as to the completion of negotiations aiming at further liberating international maritime transport. 9. There is further potential to support the export supply chain in the field of marine equipment, where there is significant expertise and quality Greek manufacturers. From our side, we are creating the necessary institutional framework with major shipbuilding nations, where the new Greek vessels are being constructed. Through this, we will further expand the potential of Greek shipping’s contribution to related economic sectors. 10. All the above clearly illustrate the dictum that Greek shipping operating all around the globe in the carriage of fuels, gas, raw materials, foods and containers is perhaps the most prominent example of an outward looking industry. It comes therefore as a natural political choice to support this industry, to maintain its leading position worldwide and expand the benefits to the country’s economy, in the steady course of recovery.

CREATIVE GREECE 2017 - EXPORT LEADERS

Minister of Tourism, Greece

Elena Kountoura Tourism is the driving force for growth and new business

40% of the total number of proposals submitted for the new development law are for new tourism projects

Greek tourism has demonstrated a strong performance in the past two years and the positive trend continues in 2017, reflected in an increased demand for Greek destinations from the majority of our source-markets abroad. Following the record-breaking results in 2015, 2016 has been another record year. International arrivals exceeded 27.5 million visitors, the highest number ever recorded in incoming tourism, and the rate of growth has been significantly higher than the global average of tourism and travel. Through our national tourism policy, we have implemented targeted actions to enhance the sector’s competitiveness and enrich the offering of our tourism product. Our target is to promote Greece as an attractive global destination that offers unique authentic experiences 365 days a year. To this end, in 2016 we pursued and accomplished to extend the official tourism season from April to November reflected also in high occupancy in accommodation at many holiday destinations, and additionally December and January were exceptional months. We strategically opened new source-markets abroad, including the Middle East, China, South Korea, and strongly supported Russia, USA and Canada, as well as European markets other than our traditional, which overall contributed to an immediate increase in tourist flows. In 2017, we strategically open India, a dynamic tourism market. We have worked intensely towards strengthening cooperation with the international travel market stakeholders, who demonstrate a strong commitment for tourism packages also in 2017, and pre-bookings for 2017 have also reached double-digit increase from our basic markets. We also gave priority to increase connectivity as a key to further growth, and negotiated the increase of direct flights from traditional and new markets to popular but also New Greek destinations that we promote. We promote thematic tourism and the many choices Greece offers for tourism year round, including cultural tourism, pilgrimage tourism, wellness and spas, cruises and yachting, luxury vacation, MICE tourism, city-breaks, adventure tourism, as well as the Greek gastronomy. Attracting new tourism investments has also been a strategic target. In terms of infrastructure, new large projects are underway, including the upgrade of 14 regional airports, new plans for marinas, high-end accommodation and luxury services. In 2016, our ‘one stop shop’ at the Ministry received over 140 proposals, the majority of which concern existing and new 4- and 5-star hotels of capacity of more than 300 beds. Our one-stop-shop has been facilitating and accelerating the procedure for licensing and offers support to investors in all stages to start new business. Also, 40% of the total number of proposals submitted for the new development law are for new tourism projects. Also, we gave priority to supporting small and medium-sized tourism businesses and we launched the first program through the NSRF 2014-2020 funds geared towards their modernization and the upgrade of their offered tourism product and services. Greece has emerged as a promising field for new tourism investments of high added value and international investors explore new concrete opportunities in tourism and real estate. International investors have shown their confidence to the strong dynamic of the tourism sector and foreign funds have recently been involved in acquisition of hotel infrastructure. We strongly support the sector’s dynamic growth as it can be the driving force for the growth of our national economy in the coming years, creating new sources of income for the local communities and new prospects for prosperity across Greece. Tourism is a vital sector in Greece’s economy that creates new business and contributes significantly to the national GDP and employment.

Επενδύουµε και πιστεύουµε στην Ελλάδα πάνω από

50 χρόνια 440 εκατ. ευρώ επενδύσεις τα τελευταία 15 χρόνια

20 εκατ. ευρώ

επενδύσεις κατά µέσο όρο την τριετία 2014-2016

4 µονάδες σε Πάτρα, Θεσσαλονίκη, Λαµία και Αθήνα

0,7%

συµβολή στο ΑΕΠ της Ελλάδας

27.600 οικογένειες

έχουν εισόδηµα από τις δραστηριότητές µας, εκ των οποίων:

CMY

1.000 2.000 4.500 εργαζόµενοι

αγρότες

τοπικοί προµηθευτές

40 ΧΡΟΝΙΑ ΕΞΑΓΩΓΙΚΗ ΔΡΑΣΤΗΡΙΟΤΗΤΑ / 30 ΕΚΑΤ. ΕΥΡΩ ΕΞΑΓΩΓΕΣ ΤΗΝ ΤΕΛΕΥΤΑΙΑ ΔΙΕΤΙΑ

Highlights: 1€ δαπάνης στα προϊόντα της Αθηναϊκής Ζυθοποιίας δηµιουργεί περίπου 7€ στην ευρύτερη οικονοµία. 830 νέες θέσεις εργασίας στον αγροτικό τοµέα µέσα από το Πρόγραµµα Συµβολαιακής Καλλιέργειας κριθαριού. Επενδύουµε στην καινοτοµία: 7 νέα προϊόντα σε 3 χρόνια και ίδρυση του ΑΘΗΝΕΟ. 1η εταιρεία µε την κορυφαία διάκριση DIAMOND στον εθνικό δείκτη ΕΚΕ (CR Index).

CREATIVE GREECE 2017 - EXPORT LEADERS

MP and Vice-President of the New Democracy party

Kostis Hatzidakis Towards a paradigm shift for the Greek economy

Greece currently faces a number of challenges it needs to overcome

At the start of 2017 Greece, finds itself continuing the effort to exit the crisis in which it has been embroiled for the last 7 years. There is no doubt that our country has the potential to succeed in this endeavor. Greece has a wide range of well-documented competitive advantages which hold the potential to act as drivers of growth and job creation, such as its geographic position, natural resources and high-quality workforce. In order to unleash this potential, however, certain preconditions need to be met. The first –and arguably the most fundamental– one is the restoration of trust in Greece’s economy. This will be achieved by proceeding with a paradigm shift, from a model of poverty redistribution to a model of wealth creation. At the policy level, this means moving from an obsolete statist approach towards an approach that focuses on attracting private investment and cultivating a business-friendly environment. In order to reach this goal, we need a government that is consistently dedicated to the implementation of reforms. Reforms aimed at modernizing the Greek economy but also, for example, at promoting the evaluation of public servants and upgrading our educational system according to European best practices. The second precondition has to do with establishing a stable tax system. It is impossible to attract long term investment when investors are uncertain about what taxes they will be required to pay in the years to come. Along with stability, of course, we need to examine the potential for providing tax incentives for investment. Thirdly, it is imperative to restore the Greek economy’s liquidity levels. In order to achieve this we must be decisive in dealing with the problem of non-performing loans, so as to allow the banking sector to function smoothly and provide loans to companies with growth potential. The establishment of additional tools to provide funding to business must also be pursued. Finally, we must proceed to remove bureaucratic hurdles that constitute a significant impediment to business activity in Greece. The previous government had taken important steps towards this direction, and this progress was highlighted by Greece’s steep rise in the ‘Doing Business’ rankings published by the World Bank. The goal must be to build upon this progress without further delays. It goes that without saying that export-oriented companies need to be in the epicenter of the new production model we must seek to establish. Companies that have the potential to achieve significant scale and create a great number of jobs cannot be limited to the Greek market, whose size is limited. In order to achieve this, we need to focus on providing fertile ground for outward-looking companies to grow in Greece, in order for our economy to reap the multiple benefits these types of businesses bring. The steps I have outlined contribute significantly towards this direction and must be complemented by policy initiatives aimed at helping innovative companies leverage their competitive advantages and scale-up, allowing them to access foreign markets. Such initiatives include establishing a framework for the creation and development of clusters and the attraction of angel investors seeking to fund companies with growth potential. Greece currently faces a number of challenges it needs to overcome. However, I am certain that, with a clear dedication to reforms, our country has the potential to generate the dynamic required to not simply exit the current crisis, but to enter an era of strong, sustained economic growth. It is up to us to succeed.

CREATIVE GREECE 2017 - EXPORT LEADERS

President of the Panhellenic Exporters Association

Christina Sakellaridis Creative solutions for Exports

Experts estimate that by 2020 Greece has to come up with more than 100 billion euros in investments to recharge the economy and enterprises

In 2016 Greece hit another record of exports value (excluding fuels). This achievement, made possible in harsh economic times, acquires a greater meaning and value if you take into account the unfavourable circumstances, such as lack of cash flows, capital controls and uncertainty surrounding the Greek economy, as well as the prospects of the countries major target markets. At the same time, international organizations and experts predict an even higher rate of exports increase in 2017 and 2018, making clear that the path towards growth of the Greek economy leads outwards. But still, Greece is lagging behind EU averages both in exports share in the GDP (30% against +40% in the EU) and the number of internationalized enterprises (nearly half of the EU average). The need for a National Exports Strategy rises once again, more critical than ever. Greece needs a new growth model, with the exporters at its base and core. Especially in times of weak economic growth, we need to be more creative and find those solutions that would release dynamic and restart the Greek production engines, for good. The Panhellenic Exporters’ Association is persisting on putting forward reforms that should boost Trust (to the country’s capacities), Investment (foreign and domestic) and Exports (of goods and services) as the means to sustainable development and growth. First and foremost, we have to regain the trust of our trade partners and foreign investors, economically and politically. We need to put a stop, an end to any Grexit rhetoric and lay down an proactive Action Plan for growth. Greece is known for its hospitality towards guests and tourists, but must also be hospitable towards buyers, foreign enterprises and investors. At the same context, Greek products are known for their quality, but should also advertise their safety standards, user friendliness and competitiveness. Experts estimate that by 2020 Greece has to come up with more than 100 billion euros in investments to recharge the economy and enterprises. Our Export Champions should be at the forefront of this endeavor, as an example, as success stories, as a proof of what the country can accomplish. And if “information is the solution to uncertainty,” we should work together to get people all over the world to meet, know and get familiar with what Greece is producing, trading and offering to other enterprises, industries, consumers, in a positive, creative and solid way. That is why the Panhellenic Exporters’ Association supports yet again CREATIVE GREECE. Because it carries out a strong message, inside and outside of Greece, empowering people to give their best for what should have been a national priority.

❱❱❱ 18

CREATIVE GREECE 2017 - EXPORT LEADERS

Building every day

the most important piece...

Online Shipping News City Plaza, Λ. Βουλιαγµένης 85, 16674, Γλυφάδα info(at)pencilteam.com, Tηλ. Κέντρο: 212 102 1628

CREATIVE GREECE 2017 - EXPORT LEADERS

❱❱❱ Profile of PEA The Panhellenic Exporters Association (PEA) was established in 1945 and represents the entire body of Greek exporters. It is the main export organisation in Greece, and its members include enterprises, cooperatives and organisations engaged in exports of various sectors from all geographical regions of Greece Members of PΕΑ produce, manufacture and export a large variety of industrial and agricultural products to practically every country in the world. PEA is in a position to inform foreign importers about export opportunities for all products exported by Greece and to provide its services in arranging meetings between interested enterprises and Greek exporters. The Association has launched Τhe Greek product Importer File Service. In addition to the information it provides through its portal www.pse.gr PEA is in a position to develop an importer register of parties interested in purchasing Greek products following a request to this effect. PEA undertakes activities such as: - Newsletters for the progress and prospects of Greek exports - Alerts, Key Notes and Circulars on export issues - Researches, Studies, Case Studies for goods and services, key markets - Networking and clustering businesses and promoting cooperation - Special events for the promotion of Greek exporters - Seminars, conferences and galas - Meetings, consultations and round tables of exporting companies region, by exporting market and by product/service - Vocational training activities - Promotion of goods and services - Joint participation in Exhibitions, Conferences and Seminars - Access and support to UN and EU procurements Contact Details

11 Kratinou Str, 105 52, Athens Tel.: +30 210 5228925 Fax: +30 210 5242568 Email: pse@otenet.gr

Website: http://www.pse.gr

Greek exports hit new record in 2016, at €18.5 billion For the second consecutive year, ELSTAT’s provisional data on the value of exports (excluding oil products) in 2016 confirmed PEA’s estimates of record-high figures. In fact, the improved performance in 2016 at 18.59 billion euros compared to 18.36 billion euros in 2015, was achieved in spite of re-emerging pressures in certain sectors in December 2016. Specifically, according to an analysis by the Panhellenic Exporters Association (PEA) and the Centre for Export Research (KEEM), last December, the total value of exports increased by 3% (to 2.3 billion euros compared to 2.23 billion in December 2015). Excluding oil products, the positive 5-month streak was broken as exports fell by 5% (or by 84.2 million euros). At annual level, the total value of exports in 2016 amounted to 25.41 billion euros against 25.87 billion in 2015, down 1.8%, mainly due to fluctuations in the international prices of petroleum products (which account for about 30% of total Greek exports). Interestingly, petroleum sector losses are estimated at 690 million euros. Excluding oil products, exports recorded an increase of 1.2%, or by 225.5 million euros to 18.59 billion, compared to 18.36 billion euros in 2015. In the 12 months of 2016, total Greek exports increased by 1.8% to EU member countries, while dropping by 6.1% to non-EU countries, with the share of Greek exports to EU standing at 56.2% against non-EU at 43.8%. Greek exports, excluding oil products, increased by 4.4% to EU countries, but fell by 4.8% to non-EU countries, reflecting to a significant extent the course of the euro’s exchange rate against the dollar. As a result of these moves, the proportion of Greek products directed to EU member states’ markets now stands at 67.8% (compared with only 32.2% to non-EU countries). The performance of exports by sector In spite of an apparent underperformance in December 2016, it should be noted that only two sectors fell (olive oil -32.5%, and machinery -24.8%), while the remaining eight sectors rose. Notably, the largest rises were recorded by the sectors of oil (+ 29%) and foods (+ 11.3%).

Export sectors - December 2016/2015 VALUE 2015 (million euros)*

VALUE 2016 (million euros)*

CHANGE %

345.4

384.5

11.3 %

DRINKS & TOBACCO

63.3

65.0

2.7 %

RAW MATERIALS

115

115.6

0.5 %

547.2

706.1

29.0 %

73.5

49.6

-32.5 %

CHEMICALS

228.8

236.2

3.2 %

INDUSTRIAL GOODS

302.2

321.6

6.4 %

MACHINERY

279.7

210.4

-24.8 %

MISC. INDUSTRIAL GOODS

155.9

170.4

9.3 %

CONFIDENTIAL PRODUCTS

40.4

42.2

4.5 %

PRODUCT CATEGORY FOODS & LIVE ANIMALS

OIL PRODUCTS - FUELS OILS

*Analysis on ELSTAT monthly projections Source: PSE-ΚΕΕΜ

However, on a 12-month level, the data confirm the frequent fluctuations and uncertainties associated with international trade, with six (6) sectors falling and four (4) sectors rising.

CREATIVE GREECE 2017 - EXPORT LEADERS

In particular, the year ended positively for the following sectors: food (+9.8%), beverages/tobacco (+10.5%), chemicals (+0.5%) and miscellaneous manufactured goods (+ 6.9% ). Conversely, exports were lower for the following sectors: raw materials (-1%), oil products (-9.1%), industrial products (-3.9%), machinery (-0.8%) and confidential products (-21.6 %).

Export sectors – January-December 2016/2015 PRODUCT CATEGORY FOODS & LIVE ANIMALS DRINKS & TOBACCO RAW MATERIALS OIL PRODUCTS - FUELS

Imports

OILS

In contrast to the mixed picture of exports, Greek imports continued to be positively affected by the cyclical holiday season, coupled with the continued increase in international oil prices. Specifically, in December 2016, total Greek imports increased by 3.7% to 3.86 billion euros, compared to 3.72 billion euros a year earlier. Imports excluding oil products rose at significantly lower rates (+1.2% or by 32.4 million euros).

CHEMICALS INDUSTRIAL GOODS MACHINERY MISC. INDUSTRIAL GOODS CONFIDENTIAL PRODUCTS

VALUE 2015 (million euros)*

VALUE 2016 (million euros)*

CHANGE %

3,886.8 667.1 1,031.1 7,599.4 718.8 2,721.4 4,135.7 2,617.9 1,826.7 689.2

4,268.4 737.1 1,021.1 6,908.9 673.1 2,736.7 3,975.5 2,598.0 1,952.3 540.2

9.8% 10.5% -1.0% -9.1% -6.4% 0.6% -3.9% -0.8% 6.9% -21.6%

*Analysis on ELSTAT monthly projections

Source: PSE-ΚΕΕΜ

Development of Export Sectors Jan.-Dec. 2016

Finally, 2016 ended with a marginal increase in imports by 0.8% to 43.96 billion euros (compare to 43.62 billion in 2015). Excluding oil products, imports rose by 5.9% or by 1.92 billion euros, which was however attributed to imports of ships and heavy machinery.

PRODUCT CATEGORY DRINKS & TOBACCO FOODS & LIVE ANIMALS MISC. INDUSTRIAL ITEMS CHEMICALS MACHINERY

As a result of the above developments, the total trade deficit in 2016 recorded an increase of 4.5%, at 18.5 billion euros. Excluding oil products, the trade deficit shows an increase by 11.8% or by 1.69 billion euros.

RAW MATERIALS INDUSTRIAL ITEMS OILS OIOL PRODUCTS-FUELS CONFIDENTIAL PRODUCTS

VALUE 2015 (million euros)*

VALUE 2016 (million euros)*

CHANGE %

667,1 3.886,8 1.826,7 2.721,4 2.617,9 1.031,1 4.135,7 718,8 7.599,4 689,2

737,1 4.268,4 1.952,3 2.736,7 2.598,0 1.021,1 3.975,5 673,1 6.908,9 540,2

10,5% 9,8% 6,9% 0,6% -0,8% -1,0% -3,9% -6,4% -9,1% -21,6%

*Analysis on ELSTAT monthly projections

Source: PSE-ΚΕΕΜ

EXPORT SHARE BY SECTORS - 2016 PRODUCT CATEGORY OIL PRODUCTS - FUELS FOODS & LIVE ANIMALS INDUSTRIAL ITEMS CHEMICALS MACHINERY MISC. INDUSTRIAL ITEMS RAW MATERIALS DRINKS & TOBACCO OILS CONFIDENTIAL PRODUCTS TOTAL Source: PSE-ΚΕΕΜ

VALUE THIS YEAR million euros)*

6.908,9 4.268,4 3.975,5 2.736,7 2.598,0 1.952,3 1.021,1 737,1 673,1 540,2 25.411,3

EXPORT SHARE BY SECTORS - 2016 SHARE %

27,2% 16,8% 15,6% 10,8% 10,2% 7,7% 4,0% 2,9% 2,6% 2,1%

*Analysis on ELSTAT monthly projections

30 25 20 15 10 5 0

Oil products

Remaining sectors

16.90%

18.36%

18.59%

10,5% 2014

7.51% 2015

6.52% 2016

EXPORTS/YEAR (billion euros)*

2014

Oil products Remaining sectors Including Oil products Source: PSE-ΚΕΕΜ

2015

2016

10,21 7,51 16,90 18,36 27,11 25,87

6,52 18,59 25,11

*Analysis on ELSTAT monthly projections

CREATIVE GREECE 2017 - EXPORT LEADERS

President of Greek International Business Association

Dr Kyriakos Loufakis

Enhancing the domestic production base in the direction of internationally traded goods and services

What is needed to re-align the country on a growth path is a strategic repositioning and strengthening of the domestic production…

In the year 2016 Greek exporters were tremendously tested by the ongoing collapse of the country’s foreign credibility, prolonged illiquidity and the excessive hikes in business taxes and contributions. The Greek economy is becoming more and more closed. To bring about growth and increased employment it is especially crucial to reverse this trend towards a more open economy, especially by strengthening the extrovert export sector. Should the Greek economy reverse its course towards an open economy (an open economy with a focus on export business and FDI), then it would be feasible to achieve the objective of reducing the unemployment rate to below 20% in one year from now (from 23% in October 2016, according to recently published data by the Greek Statistical Authority). Indeed, according to the relevant estimates, every 4 percentage units of export growth results in a 1% of GDP growth in an economy that is in the penultimate position at European level in export performance (exports of goods as a % of GDP), which in the nine months January-September 2016 recorded an exports performance of 14.2% compared with an estimated EU average of 32.6%. Amid all this grim reality, the change seen in the image and performance of Greek enterprises in international markets give hope for recovery and radical change in the country’s growth model. According to recent ELSTAT data for the 11 months of 2016, the trade deficit (incl. fuels) amounted to 16.8 billion euros, increased by 3.9% compared with the corresponding period of 2015. This significant widening of the trade deficit of Greece’s economy is due firstly to the marginal increase in imports by 0.5% and on the other to a drop in exports by 2.2%. It is obvious that the Greek economy has gone into a state of introspection and is being transformed into an even more closed economy. What is needed to re-align the country on a growth path is a strategic repositioning

and strengthening of the domestic production base in the direction of internationally tradable goods, as this seems to be the only way to strengthen the economy’s extroversion and create new jobs. A necessary condition for a sustainable exit from the crisis is the revival of the production base and an action plan to boost Greek exports and export business, while imports should be substituted by the local production of similar products by Greece’s productive/ manufacturing businesses. In this direction, SEVE deems that the following are necessary: 1. Improving infrastructure - Urgent concession of the Thessaloniki port 2. Measures to address the critical problem of liquidity, such as the reimbursement of VAT credit balance, the abolition of the 0.6% duty (as per Act 128/75) on export loans, and the use of any other financial instrument outside the banking system, such as venture capital, will certainly help to improve the needed liquidity. 3. Giving priority to support to export business - Horizontal criterion of extroversion/export business definition Proposition for the study by IEES/SEVE of all NSRF programs. 4. Strengthening the institution of Clusters/Collaboration entities, and participation of collective business entities as facilitators. 5. Certified training/executive staff specialization in exports/ internationalization. Development of an integrated unemployed apprenticeship system in export businesses. 6. Favorable business environment and domestic incentives to control the brain drain. 7. Immediate utilization of NSRF 20142020 resources and other available financial tools - Targeting 2/3 FTA in open economy actions, notably export business - Receive advance in programs without the presentation of a letter of guarantee. 8. Strengthening of applied research, attracting foreign research centers and support to young researchers.

❱❱❱ 22

CREATIVE GREECE 2017 - EXPORT LEADERS

❱❱❱ Crete - region’s export trade

The Greek International Business Association (SEVE) was established in 1975 as a non-profit organisation and is currently the largest association of Greece’s exporting businesses, numbering approximately 500 member companies. These companies manufacture a great variety of products, exported to almost every country in the world. SEVE’s mission is ● to consolidate, protect and promote the professional, economic, social and ethical interests of its members ● to promote and support Greek products in foreign markets ● to promote and support the development of international co-operation between Greek and foreign enterprises ● to conduct market research in foreign countries ● to collect and disseminate information and statistical data in order to inform its members

(amounts n thousand euros)

2011

2012

2013

2014

2015

Imports

406.892

262.589

310.190

394.519

398.516

Exports

461.615

408.685

556.879

533.271

586.865

Trade balance

57.722

146.096

246.688

138.753

188.349

Exports/Imports

114,3%

155,6%

179,5%

135,2%

147,3%

CRETE - region’s export trade Textiles & Clothing

Machinery & Equipment

Other

Oil products

17%

Chemicals & Plastics

Foods

56%

18%

Greek exports by region

This year’s study “Mapping Greece’s export activity by region and county” contains some interesting facts about the course of Greek exports at regional level. This annual study is put together by SEVE’s Institute for Export Research and Studies (IEES) since 2006, with its purpose being to highlight the degree of extroversion of each region, the sectors showing high potential, and the markets that -with proper support- could help increase the export performance of the Greek periphery. The study examines trade data, including fuels. In 2015, Greek exporters were tested again, as they faced a major blow as a result of the imposition of capital controls and the country’s feared exit from the euro zone, the ongoing collapse of Greece’s credibility abroad, record-low liquidity and excessive hikes in taxes. Amid all this grim reality, the improved performance of Greek enterprises in international

Thessaly - region’s export trade (amounts n thousand euros)

2011

● to cooperate with organisations worldwide

Imports

669.691

Exports

972.166

● to implement European programmes that sustain the economic interests of its members.

Trade balance

302.475

Exports/Imports

145,2%

2012

2013

2014

2015

580.317

523.587

553.597

593.647

1.087.273

1.086.645

980.286

1.105.590

506.956

563.057

426.689

511.943

187,4%

207,5%

177,1%

186,2%

THESSALY - region’s export trade Chemicals & Plastics

Non-ferrous minerals

Other Textiles & Clothing

14%

Metals

18%

Foods

50%

CREATIVE GREECE 2017 - EXPORT LEADERS

Central Macedonia - region’s export trade

Peloponnese - region’s export trade (amounts n thousand euros)

2011

2012

2013

2014

2015

Imports

6.387.942

6.628.335

5.309.295

5.354.184

5.330.926

3.667.211

Exports

4.106.750

4.669.197

4.335.782

4.336.671

4.087.109

(682.746)

Trade balance

2011

2012

2013

2014

2015

Imports

6.133.237

7.093.746

6.549.890

6.473.098

4.349.957

Exports

4.341.470

5.577.236

5.213.996

4.800.034

(1.791.767) (1.516.510) (1.335.894) (1.673.064)

Trade balance Exports/Imports

70,8%

78,6%

79,6%

(amounts n thousand euros)

74,2%

84,3%

Exports/Imports

(2.281.192) (1.959.138) 64,3%

70,4%

(973.513) (1.017.512) (1.243.817) 70,4%

81,0%

76,7%

CENTRAL MACEDONIA - region’s export trade

PELOPONNESE - region’s export trade Drinks & Tobacco

Other

Metals

Other

21%

Foods

Oil products

79%

Foods

13%

31%

Chemicals & Plastics

11% Oil products

Textiles & Clothing

16%

13%

markets gives hope for recovery and radical change in the country’s growth model. Excluding fuels, Greek exports in 2015 increased by 8.2% or 1.3 billion euros. For many years, and especially during Greece’s debt crisis since 2010, SEVE has been using all of its own resources to consistently and effectively serve export businesses, by offering upgraded and comprehensive services and tools designed for business growth, networking, information, training and research. According to the study results, in 2015, as well as in the five-year period from 2011 to 2015, almost the two-thirds of Greek exports were made by the regions of Attica and Central Macedonia. Specifically, in 2015 the Attica (wider Athens) region contributed 49%, having raised its market share by 4% since 2011. Similarly, the region of Central Macedonia (Northern Greece) in 2015 contributed 16% to the total Greek exports. It should be noted that a large number of dynamic, extrovert businesses keep their production installations in Central Macedonia or in other regions of Northern Greece, whiletheir offices/administrative services are based in the Attica region, so these figures do not reflect the actual contribution by Northern Greece to the country’s exports, which is clearly higher.

Eastern Macedonia & Thrace - region’s export trade

❱❱❱

Attica - region’s export trade

(amounts n thousand euros)

2011

2012

2013

2014

2015

(amounts n thousand euros)

Imports

513.165

446.533

432.534

449.313

442.333

Imports

31.713.786 31.642.796 30.915.151 32.010.843 29.060.568

Exports

677.966

666.649

688.467

729.429

710.968

Exports

10.936.040 12.424.656 12.672.985 13.031.035 12.507.234

Trade balance

164.801

220.116

255.932

280.116

268.635

Trade balance

Exports/Imports

132,1%

149,3%

159,2%

162,3%

160,7%

Exports/Imports

EASTERN MACEDONIA & THRACE - region’s export trade Machinery & Equipment

Chemicals & Plastics

Other

13%

18%

2012

2013

2014

2015

(20.777.746) (19.218.140) (18.242.166) (18.979.808) (16.753334) 34,5%5

39,3%

41,0%

40,7%

42,7%

ATTICA - region’s export trade Foods

Non-ferrous minerals

Other

Oil products

21%

Metals

14%

18%

Foods

2011

Textiles & Clothing

21%

Machinery & Equipment

14%

Chemicals & Plastics

16%

CREATIVE GREECE 2017 - EXPORT LEADERS

❱❱❱ Annual exports change

Total exports change

Epirus South Aegean Mainland Greece North Aegean Thessaly Western Greece Crete Eastern Macedonia & Thrace -3% Attica -4% Greece -5% Central Macedonia -6% Western Macedonia -8% -17% Ionian Islands Peloponnese -24%

13% 13% 11% 10%

26%

50% 40%

Ionian Islands South Aegean Epirus Crete Attica Thessaly Mainland Greece Western Greece Greece Eastern Macedonia & Thrace Central Macedonia North Aegean -13% -16% Peloponnese Western Macedonia -18%

27% 14% 14% 10% 9% 6% 5% 0%

57% 56%

82%

In 2015, seven out of 13 regions achieved an increase in the value of exports: Epirus (50%), South Aegean (40%), Mainland Greece (26%), Thessaly (13%), North Aegean (13%), Western Greece (11%) and Crete (10%). For the regions of Epirus and South Aegean, their excellent export performance is mainly attributed to oil products, following the relocation of new fuel storage installations in Preveza (near the Greek-Albanian border), while fuel exports from the Dodecanese Islands increased by 146% since 2014. On the other hand, a drop in the value of exports was recorded in the following regions: Peloponnese (-24%), Ionian Islands (-17%), Western Macedonia (-8%), Central Macedonia (-6%), Attica (-4%), and Eastern Macedonia & Thrace (-3%). With regard to individual sectors, oil products contribute significantly to the export activity of several regions, and it is this sector’s lower performance that mainly led to the overall export reduction in regions such as Attica, the Peloponnese, Crete and the Ionian Islands. It is worth noting that foods in 2015 emerged as a “champion industry,” as exports increased in the eleven (11) out of the thirteen (13) Greek regions, compared with the previous year. Also, positive export results were recorded by the industrial machines-devices sector in ten out of the thirteen regions. On the contrary, textile and clothing exports recorded a drop in ten out of the thirteen regions. The analysis per market in most regions in 2015, shows that EU markets are a strategic partner in exports. Exceptions are: Eastern Macedonia & Thrace, Western Macedonia, the Peloponnese and Mainland Greece, which now export a large part of their goods to third (non-EU) countries and new, emerging and dynamic economies, such as North Africa, Southeast Europe, the Middle East and Asia. As regards the Russian market, after the August 2014 embargo, higher losses in all sectors were recorded by Central Macedonia in 2015, amounting to 84.2 million euros compared to 2014. Central Macedonia is followed by Western Macedonia with exports falling by 27.2 million euros. The drop was partly attributed, apart form the embargo, to the Russian economy’s recession and the consequent drop in consumption (due to the drop in international oil prices and the international sanctions imposed on the country). As regards the trade balance, ten out of the thirteen regions in 2015 showed a surplus, in contrast to 2011 when a surplus was reported by only seven regions. In contrast, trade deficits were recorded by the regions of Attica (16.7 billion euros), Central Macedonia (1.2 billion euros) and the Peloponnese (683 million euros). The biggest trade surplus was recorded by the region of Thessaly, exceeding 500 million euros in value.

Total exports by region

12.507

4.087 3.667 1.218 1.106 Attica

Central Peloponnese Mainland Macedonia Greece

Thessaly

711

587

514

342

315

187

169

Eastern Macedonia & Thrace

Crete

Western Greece

Western Macedonia

Epirus

North Aegean

South Aegean

Ionian Islands

CREATIVE GREECE 2017 - EXPORT LEADERS

President of Greek Tourism Confederation (SETE)

Andreas Andreadis Greek Tourism; a vital pillar for the Greek Economy

Therefore, there is an imperative need to formulate a long-term strategy for the future of Greece and Greek tourism

2016 was yet another year that proved tourism turned out to be a lifesaver for Greece. In terms of state proceeds, a large part of public revenue and a significant chunk of social security income were undoubtedly due to the increased taxes and social insurance contributions paid by businesses in the tourism industry. For example, in the July-September quarter, VAT revenue amounted to €3.4 billion, up 12% compared to the same period last year, exceeding the budget target by 7%. Meanwhile, the sector employs 800,000 people directly or indirectly, with the potential of exceeding 1 million by 2021. By now, everyone clearly understands the profound significance of tourism, especially in island or remote regions. Despite its seasonality, the GDP share of tourism in these areas is higher than 50%: 68% in the Southern Aegean, 52% in Crete and 58% in the Ionian islands. It is also worth referring to the new historic high in arrivals, not as an excuse to celebrate, but as confirmation that Greece has been established as a unique tourist destination, which deserves to be ranked among the top ten worldwide. However, despite the fact that Greek tourism remains a vibrant sector of the Greek economy, with positive short-term prospects, a very significant issue has started surfacing, which may affect the developments in the mid- to distant future. Two states of affairs seem to be emerging in Greek tourism and the competitiveness of Greek tourist businesses and regions. On the one hand, there are the regions and businesses that promote and manage a branded product, with comprehensive business processes, dedicated systems and intense extroversion. On the other, there are the unknown parts of Greece with the short tourist season and the thousands of SMEs, which do not offer some branded product, have few facilities and receive almost zero support to survive amid fierce competition and the constantly changing entrepreneurship conditions in Greece. Therefore, there is an imperative need to formulate a long-term strategy for the future of Greece and Greek tourism, which would showcase all of its true strengths. It is necessary to train the businesses, preserve and promote the distinct features of each region, introduce the principles of sustainability to the activities of these businesses, and instil even deeper in the consciousness of every Greek that their country may become a leader in the provision of services, starting from tourism. Certainly, all of us involved in tourism are prepared to work harder than ever so as to continue supporting the Greek economy, meet our personal and collective targets, contribute to employment, especially in local communities, and safeguard the future of the generations to come.

❱❱❱ 28

CREATIVE GREECE 2017 - EXPORT LEADERS

❱❱❱ SETE - GREEK TOURISM CONFEDERATION The Greek Tourist Confederation (SETE) was established in 1991. Its mission is to continuously enhance the competitiveness and the emergence of a leading role of tourism in the Greek economy. It represents the nationwide sectoral tourism associations and individual companies widely engaged in the tourism economy covering the whole range of tourist activities. SETE envisions a balanced growth of tourism, which aims to improve competitiveness, while increasing the number of arrivals and overnights, with a better distribution of tourism supply in all regions of the country and with better timing of demand. All this will take place in the natural environment protection framework and the respect and promotion within our culture. Since 2013 SETE is an Official Partner. It has established Marketing Greece, and Institute of SETE. Marketing Greece SA is a non-profit company, with its primary objective being to effectively promote the Greek tourism product. At the same time, it aims, through a multi-level communication strategy plan, to make Greece one of the most important and attractive tourist destinations worldwide. The Institute of SETE aims to support the tourism strategy and improve the quality of the Greek tourism product, but also the effective intervention to upgrade the tourism education and training in our country. At the same time, it reinforces SETE by providing scientific and technical support to promote entrepreneurship and quality in tourism and strengthening of mechanisms and policy development of human resources. Contact Details 34, Amalias Av. 105 58, Athens Tel: +30 210 3217165 Fax : +30 210 3217177 E-mail: info@sete.gr Website: www.sete.gr

CREATIVE GREECE 2017 - EXPORT LEADERS

Executive Vice-President & Deputy C.E.O.

Dimitris Giannakopoulos

Extroversion requires innovation

Greece’s pharmaceutical companies continue to invest in R&D and innovation

The climate of Greece’s economic uncertainty is intensifying once again, as a result of the delay in reaching an agreement on the evaluation of the Greek loan programme, and the expected tax hikes in 2017. More than ever, emphasis on the agenda is put on the need for incentives to successful investment plans by businesses and to focus on the national economy’s growth potential. The latest ELSTAT (Hellenic Statistical Authority) data show the direction in which incentives should move. The Overall Industrial Production Index for January 2017 increased by 7.2% compared to the corresponding index of January 2016. This increase is attributed to the contribution by manufacturing industries, spearheaded by the industry of basic pharmaceutical products. At the same time, an increase is recorded in January 2016 in the total value of exports, to 2.126 billion euros against 1.716 billion euros in January 2016, an increase of 23.9%. Worth noting is the fact that medicine exports have been among the country’s top exported goods, excluding oil products. Pharmaceutical companies continue to invest in R&D and innovation, as they did in the previous years of Greece’s economic crisis and in spite of significant cuts in public pharmaceutical expenditure, which forces companies to give back to the National Organization for the Provision of Healthcare Services (EOPYY) and the National Health System (ESY) about 30% of their turnover. Investments in Research and Development by Greece’s pharmaceutical companies mainly focus on marginal innovation. This is about the development of innovative products with improved formulations, creating ready combinations of known drugs, development of alternative routes of administration and retargeting of known molecules to new therapeutic indications. At the same time, the domestic pharmaceutical industry runs projects for the development of new molecules. Indicatively, VIANEX SA, through the spin-off company of Eldrug SA and in collaboration with the University of Patra and the research team of Chemistry Professor John Matsoukas, have developed a new molecule for the production of immunotherapeutic vaccine for Multiple Sclerosis. The vaccine has already passed the preclinical phase and is currently in clinical evaluation. The domestic pharmaceutical industry sees the introduction of innovation in the production process and in the development of innovative products as a necessary condition for increasing extroversion, among others. However, the state does not seem to realize the need for this, since the lack of incentives for investment in research and development is widespread. While in other countries the overdiscount on spending on Research and Development begins at 200% and reaches up to 400%, in Greece it is only 130%. Also, in other countries revenues from research and development are taxed at low rates, while in Greece there is no substantial tax differentiation. Greece should adopt the OECD Frascati Manual for widening the definition of Research and Technology spending, as have other European countries, and also include expenditure for clinical studies. Summing up, the introduction of the right incentives would stimulate pharmaceutical industry innovation and the perspective of extroversion. Moreover, it will contribute to GDP growth and prevent the brain drain, so that domestic pharmaceutical production be a key pillar of economic growth.

Transforming Our Vision

CREATIVE GREECE 2017 - EXPORT LEADERS

Into Innovation MEGARA (HQâ&#x20AC;&#x2122;s)

CHALKIDA

PYRGOS

OUR

VISION

Our Vision, is to be a recognized performance leader of the chemical industry. Being a performance leader means we will achieve operational excellence, industry-leading customer satisfaction and superior financial performance. Megara Resins S.A. is a diversified manufacturer and supplier of raw materials for industrial and architectural coatings as well as rosin based and other synthetic resins for the paint, adhesive, paper and construction industry. For over 40 years, Fanis Megara Resins S.A. has been a pioneer in creating innovative technologies to help coatings formulators meet their customers' most demanding applications. Today, the company remains firmly committed to the pillars of innovation and new technologies and is widely regarded as being the most innovative Greek supplier to the coatings industry through its continued investment in R&D, technical support and new product development. Megara Resins offers its customers advanced and diverse products and technologies for surfaces with an emphasis on environmentally friendly products such as powder coating resins & additives, rosin dispersions, alkyd resins, water-based acrylic dispersions, and unsaturated polyester resins.

38th NEOAK 191 00 Megara P.O. BOX 29 Greece Tel: (+30) 22960 83311 Fax: (+30) 22960 83335 e-mail: info@megararesins.com www.megararesins.com

CREATIVE GREECE 2017 - EXPORT LEADERS

President of the Federation of Industries of Northern Greece

Athanassios Savvakis Greek enterprises can aim higher by enjoying support of export activity FEDERATION OF INDUSTRIES OF NORTHERN GREECE (FING) The Federation of Industries of Northern Greece was founded in 1915, as an independent nonprofit association for industrial companies and local or sectoral enterprise organizations. Numbering more than 420 member-companies from the regions of Macedonia, Thrace and Epirus, coming from all sectors of manufacturing, FING’s primary mission is to defend the moral, economic and professional interests of its members. FING plays an important role in shaping decisions and policies for regional development, investment promotion, employment and sustainable development. Through its management and departments, FING offers to its members quality services for documentation, information and advices on solving their daily problems and promoting the principles of entrepreneurship, innovation, globalization and corporate responsibility. 1, Morihovou Sqr., Thessaloniki GR54625, GREECE T: +30 2310 539817 F: +30 2310 541933 E: info@sbbe.gr W: www.sbbe.gr www.sbbe100.gr

Our country has long faced the challenge of leveraging its export performance. Especially, during the past years of the economic crisis and the tight fiscal situation, promoting outward looking entrepreneurship activities is among top priorities in order to reverse the economic downturn and enhance the business climate. Unfortunately, the implemented growth policies have failed –so far– to achieve this. In 2016, Greece ranked 55th among 61 countries participating in the IMD World Competitiveness Yearbook (IMD WCY) in terms of exports as percentage of GDP. The struggle of Northern Greek enterprises to expand their market share abroad and enter new markets is a backlash to the continuing uncertainty - mainly at a political level, that puts the entrepreneurial world at the backstage. And even though it is widely acknowledged that supporting the export activity is the key in order to return to growth, Greek enterprises receive minimum support. Despite the lack of this support, Greek enterprises achieve substantial results in terms of exports. Of course, letting the enterprises on their own is not enough, if we want to defuse the benefits of exporting activity in our country. This means that –maybe more than ever- supporting export activity is needed. This support primarily translates into leveraging the export activity through the mechanism of exports funding. Especially in the current economic slump it is unthinkable not to provide export funding as the main tool for leveraging the exporting activity Greek enterprises. The results of the last Flash Eurobarometer regarding the internationalization of SMEs verify exactly that: Greek SMEs regard export funding as the most efficient measure to support their international business, followed by tax incentives. Furthermore, the strategic orientation and support of inward investments – which primarily take place at the tourism and infrastructure sectors- will create complementarities and reverse the business climate, providing beneficial spillovers in all sectors of the economy. This goes further than providing synergies on the base of economies of scale and reaches creating economies of scope, in order to enhance the efficiency of industries. In addition to that, attracting inward investments will improve the image of our country abroad. This is another barrier that our enterprises have to overcome, since Greece ranks 60th out of 61 countries, only surpassing Venezuela in the respective index of the IMD WCY 2016. All the above prove the high level of business sophistication of the Greek business world. The long-standing international activity of our enterprises has led us to adapt to new business models, creating products of high added value and integrating successfully to the global supply chain. Of course, the main challenge we face is not only to sustain these results, but to create the conditions for leveraging the overall competitiveness of Greece. The ground for setting this is designing and implementing a concrete industrial policy, something that is still missing. The spectrum of measures that will leverage the export activity must be an integrated part of this policy, in order to achieve the desirable outcome: more exports, growth, enhanced competitiveness.

CREATIVE GREECE 2017 - EXPORT LEADERS

Development?

BY RAIL, NATURALLY! ONE NETWORK DEPARTURE AND STATION TOGETHER!

with confidence to the skills of our staff

with transparency and accountability to the community

in cooperation with social stakeholders and institutions

1-3 Karolou str., Αthens 10437, Greece, Τ | 0030 210 5297865, Μ | dioikisi_ose@yahoo.com, press@osenet.gr, www.ose.gr

CREATIVE GREECE 2017 - EXPORT LEADERS

President of Attica-Piraeus Industry Association (SVAP)

Dimitris Mathios

Only export growth can help Greece’s debt and economic recovery

According to the European Commission, Greek exports of goods and services will increase by 3.6% in 2017

FEDERATION OF ATTICA & PIRAEUS INDUSTRIES

The recovery of Greece’s economy, as well as servicing the country’s external debt, are directly linked to the performance of exports. Experts estimate that the public debt will become sustainable, not so much by public spending cuts, but through the achievement of goods and services exports of over 60 billion euros annually. However, to strengthen export rates it is required to consolidate the confidence of the country’s partners on its financial prospects and its European course. The data show that Greece’s natural space for foreign trade is Europe, which absorbs 65% of Greek exports. For the public debt itself, it is time to realize that the solution must be a political one and in agreement and cooperation with the European Union and the relevant institutions. As regards the particular importance and criticality of the course of Greek economy, an effective solution is to attract investment from foreign and Greek capital, as the recovery, growth and job creation can not occur in an environment of disinvestment and deindustrialization. The most credible research Organizations consent that investments in the region of 100 billion euros are required by 2020 for recovery and growth to become noticeable and felt. Given that the euro has already taken a corrective course, fuel prices are being stabilized and the EU expresses optimism about the positive effects on eurozone economy as a result of the ECB quantitative easing program. Consequently, it is up to Greece to ensure a stable political and business environment, with a growth-friendly fiscal framework and effective enhancement of liquidity for the country’s really productive and dynamic businesses. Besides, in any case, international organizations and the European Commission support the view that exports will be the key pillar for the recovery of Greece’s economy in the next two years. Hoping to confirm the European Commission’s forecast for export revenue growth, it is estimated that this could translate into a GDP growth of at least 1.5% in 2017. If, indeed, extroverted companies are supported appropriately by the Greek State, by speeding up the payment of public arrears and the effective activation of financial tools, such as the NSRF, the developmental law, the Juncker package, and the financial system of the country, by liquidity programs, the performance will be significantly better with a cumulative dividend for the Greek economy and creation of jobs. According to the European Commission, Greek exports of goods and services will increase by 3.6% in 2017 (and by 4% in 2018). Indeed, the European Commission estimates that total EU imports will run faster than European exports in 2017, with all that this may imply for Greek products, 65% of which are exported to EU member states’ markets (excluding oil products). Summing up, I would like to stress as a major breakthrough that since last September, for the first time in the last two years, all product sectors showed positive signs, in comparison with the same month last year, with most of them recording double-digit rises.

❱❱❱ 36

CREATIVE GREECE 2017 - EXPORT LEADERS

❱❱❱ GREEK FOREIGN TRADE (JANUARY-DECEMBER) IMPORTS

FEDERATION OF ATTICA & PIRAEUS INDUSTRIES

Vision and objectives of the Federation of Attica & Piraeus Industries Our belief is that modern technology, competition rules and business ethics are the factors that can lead to the fruition of the industry’s vision. We are confident that the state, politicians and social groups, can perceive the need to avoid policies that are working at the expense of other policies. Efforts for the environment should not be exaggerated, without however crossing the limits. We therefore, ask the State, the government and the political world to understand these principles and the real needs for Greece’s further growth inside its natural economic space, that is the European Union. The Federation of Attica and Piraeus Industries will insist on the incorporation of its beliefs into the country’s growth vision, as the international practice and the successful growth strategy of developed countries have transformed the need for such policies into a principle and planning for the future of the global economy. All of the above form the foundation on which the Federation’s vision, prospects and aspirations are based.

Product Including the value of ships Excluding the value of ships Excluding oil products, including the value of ships

EXPORTS

Product Including the value of ships Excluding the value of ships Excluding oil products, including the value of ships

2013* 46.999,7 45.766,4 30.030,1

Change % 2014* 2015* 2014/2013 2015/2014 48.131,1 43.580,9 2,4% -9,5% 46.273,6 41.975,1 1,1% -9,3% 32.434,1 32.680,0 8,0% 0,8%

2013* 27.319,2 27.234,9 16.866,4

Change % 2014* 2015* 2014/2013 2015/2014 27.196,0 25.804,4 -0,5% -5,1% 27.066,8 25.649,3 -0,6% -5,2% 16.906,8 18.288,3 0,2% 8,2% Change % 2014/2013 2015/2014 -0,5% -5,1% -0,6% -5,2% 0,2% 8,2%

TRADE BALANCE INCLUDING THE VALUE OF SHIPS (=Β.Ι.-Α.Ι.) TRADE BALANCE EXCLUDING THE VALUE OF SHIPS (=Β.ΙΙ.-Α.ΙΙ.) TRADE BALANCE EXCLUDING OIL PRODUCTS, INCLUDING THE VALUE OF SHIPS (=Β.III. - A.III.)

IMPORTS

Product Including the value of ships Excluding the value of ships Excluding oil products, including the value of ships

EXPORTS

Product Including the value of ships Excluding the value of ships Excluding oil products, including the value of ships

2013* 62.402,6 60.765,1 39.871,7

Change % 2014* 2015* 2014/2013 2015/2014 63.857,3 48.334,1 2,3% -24,3% 61.392,9 46.553,2 1,0% -24,2% 43.031,5 36.244,3 7,9% -15,8%

2013* 36.272,3 36.160,4 22.393,9

Change % 2014* 2015* 2014/2013 2015/2014 36.081,9 28.618,8 -0,5% -20,7% 35.910,5 28.446,8 -0,7% -20,8% 22.430,9 20.282,9 0,2% -9,6% Change % 2014/2013 2015/2014 6,3% -29,0% 3,6% -28,9% 17,9% -22,5%

* Provisional figures

Source: Hellenic Statistical Authority (ELSTAT).

PROVISIONAL BALANCE SHEET

TRADE BALANCE (provisional figures)

(in million euros)

January-November

BALACE OF SERVICES (I-II) I. Collections Travel Transportation Other services II. Payments Travel Transportation Other services

2014 17,751.8 29,318.0 13,210.4 11,951.2 4,156.4 11,566.2 1,876.1 5,670.5 4,019.7

2015 16,620.8 26,675.7 13,941.4 9,313.1 3,421.2 10,055.0 1,857.8 5,050.9 3,146.3

2016 14,773.5 23,613.1 13,026.9 7,087.1 3,499.1 8,839.6 1,871.3 4,046.9 2,921.4

2014 24.655,9 Exports of goods 44.875,3 Imports of goods Trade Balance (Ι - ΙΙ) -20.219,4

January-November Change Change 16/15 2015 15/14 2016 22.720,7 -7,8% 22.261,3 -2,0% 38.470,5 -14,3% 37.327,0 -3,0% -15.065,7 -15.749,8

CREATIVE GREECE 2017 - EXPORT LEADERS

GREEK EXPORTS as per ECONOMIC ORGANIZATIONS January-November 2016* (in million euros) ECONOMIC ORGANIZATIONS WORLD OECD EU-28 Euro zone G7 North America BRICS nations Mid East & North Africa OPEC countries Gulf Cooperation Countries Organization of the Black Sea Economic Cooperation (BSEC) Eurasian Economic Union (EAEU) North Africa Sub-Saharan African Countries MERCOSUR countries Ship supplies

EXPORTS 2016

2015

22.871,7 12.682,6 12.886,9 9.039,8 7.222,5 1.293,0 694,6 3.325,3 1.239,1 706,4 3.821,0 225,1 1.349,6 167,2 158,1 4,9

23.324,0 12.784,2 12.458,7 8.726,2 7.238,3 1.360,4 533,3 3.444,3 1.398,0 991,4 4.234,4 227,6 1.450,5 249,2 102,5 163,7

Change 16/15 -1,9% -0,8% 3,4% 3,6% -0,2% -5,0% 30,3% -3,5% -11,4% -28,8% -9,8% -1,1% -7,0% -32,9% 54,2% -97,0%

% COMPOSITION 2015 2016 100,0% 55,5% 56,3% 39,5% 31,6% 5,7% 3,0% 14,5% 5,4% 3,1% 16,7% 1,0% 5,9% 0,7% 0,7% 0,0%

100,0% 54,8% 53,4% 37,4% 31,0% 5,8% 2,3% 14,8% 6,0% 4,3% 18,2% 1,0% 6,2% 1,1% 0,4% 0,7%

GREEK IMPORTS as per ECONOMIC ORGANIZATIONS January-November 2016* (in million euros) ECONOMIC ORGANIZATIONS WORLD OECD EU-28 Euro zone G7 North America BRICS nations Mid East & North Africa OPEC countries Gulf Cooperation Countries Organization of the Black Sea Economic Cooperation (BSEC) Eurasian Economic Union (EAEU) North Africa Sub-Saharan African Countries MERCOSUR countries Ship supplies

EXPORTS 2016

2015

39.119,2 23.294,2 20.984,3 15.971,1 11.279,1 635,5 5.607,8 4.741,5 3.955,4 873,8 6.070,8 3.636,0 827,9 231,0 474,0 0,2

39.031,2 22.471,6 20.261,4 15.488,7 10.920,5 653,3 5.826,5 5.187,0 4.190,6 984,5 6.705,6 4.409,3 1.029,4 228,0 465,3 0,2

Change 16/15 0,2% 3,7% 3,6% 3,1% 3,3% -2,7% -3,8% -8,6% -5,6% -11,2% -9,5% -17,5% -19,6% 1,3% 1,9% 23,6%

% COMPOSITION 2015 2016 100,0% 59,5% 53,6% 40,8% 28,8% 1,6% 14,3% 12,1% 10,1% 2,2% 15,5% 9,3% 2,1% 0,6% 1,2% 0,0%

100,0% 57,6% 51,9% 39,7% 28,0% 1,7% 14,9% 13,3% 10,7% 2,5% 17,2% 11,3% 2,6% 0,6% 1,2% 0,0%

* Provisional data fro both years. OECD: France,Netherlands, Germany, Italy, United Kingdom, Ireland, Denmark, Portugal, Spain, Belgium, Luxembourg, Iceland, Norway, Sweden, Finland, Austria, Switzerland, Turkey, Estonia, Poland, Czech Republic, Slovakia, Hungary Slovenia, USA, Canada, Mexico, Chile, Israel, N. Korea, Japan, Australia, N. Zealand G7: France, Germany, Italy, United Kingdom, USA, Canada, Japan BRICS countres: Russia, South Africa, Brazil, India, China Gulf Cooperation Countries (GCC): Saudi Arabia, Kuwait, Bahrain, Qatar, United Arab Emirates, Oman Organization of the Black Sea Economic Cooperation (BSEC): Turkey, Romania, Bulgaria, Albania, Ukraine, Moldova, Russia, Georgia, Armenia Eurasian Economic Union: Belarus, Russia, Armenia, Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan North Africa: Morocco, Algeria, Tunisia, Libya, Egypt, Sudan, Western Sahara Sub-Saharan African countries: Burkina Faso, Niger, Senegal, Guinea, Sierra Leone, Ivory Coast, Ghana, Togo, Benin, Nigeria, Cameroon, Congo, Rwanda, Ethiopia, Kenya, Uganda, Tanzania, Mozambique, Madagascar, Mauritius, Zambia, MERCOSUR countries: Colombia, Venezuela, Ecuador, Peru, Brazil, Chile, Bolivia, Paraguay, Uruguay, Argentina Source: Source: Hellenic Statistical Authority Data processed by the Centre for Export Research and Study (KEEM)

CREATIVE GREECE 2017 - EXPORT LEADERS

Chairman of the Federation of Hellenic Food Industries (SEVT)

Evangelos Kalousis SEVT guarantees the quality of Greek products around the globe

... with the sector’s exports reaching 4.5 billion euros and accounting for 22% of total Greek exports (excluding petroleum products)...

Within a challenging and competitive environment –on a national and international level– the Greek Food & Drinks Industry continues to contribute to the reinforcement of our country’s positive image across the world through the offering of unique branded products of high quality, safe and innovative, at the best possible price. Our role as a Federation is to safeguard this quality while at the same time promoting the sector’s extroversion. Today, more than ever, combined with a renewed and qualitative agricultural production, the specialized know-how and the fare costs in Greece, the Food and Drink Industry invests in innovation, producing competitive products, mainly in the fast growing sectors like Olive Oil, Fruits & Vegetables, Dairy Products, Traditional Spirits, Honey, etc. We believe that innovation, quality and sustainability are key to success along with new market drivers in food sector that will support Greek agricultural production and top quality products as a competitive advantage in foreign markets. The efforts to develop our exports has become an important factor for the growth of the Greek industry with the sector’s exports reaching 4.5 billion euros and accounting for 22% of total Greek exports (excluding petroleum products), demonstrating the overall dynamic of our sector. We, at the Greek Food and Drink Industry, believe that through hard work, commitment and passion, we will continue to satisfy our consumers worldwide with high quality, healthy and sustainable products, building their trust which is our strongest asset.

SEVT’s Role & Mission SEVT represents the Greek Food & Drink Industry in national, European and international levels. SEVT membership is made up of food and drink companies and sector associations. The mission of SEVT is to facilitate the development of an environment in which all food and drink companies, whatever their size, can meet the needs of consumers and society, while at the same time competing effectively for smart, sustainable and inclusive growth. SEVT’s work is based on sound scientific research, robust data management and effective communication, working within the regulatory framework to ensure that all food and drink policy issues are dealt with in a comprehensive manner. The organisation promotes members’ interests in areas such as food safety and quality, nutrition and health, consumer trust and choice, competitiveness, research and development, innovation and environmental sustainability. In carrying out this mission, SEVT, together with its members, will operate as an active, committed and responsible stakeholder organisation. SEVT will work to increase the visibility of Greece’s food and drink industry, while enhancing and promoting its cultural and social values, as well as its richness, variety and traditions. SEVT seeks to enhance and promote the long-standing tradition of quality and variety that has been vital in gaining Greece’s food and drink industry the world-class recognition that it enjoys today. By combining Greek food and drink heritage with innovation for the future, SEVT and its members aim to strengthen the industry’s competitive position in continuing to serve consumers’ needs by providing safe, nutritious, affordable food and drink products produced in a sustainable way. SEVT also aims to enhance consumer trust in the food and drink industry and create wider recognition of its important contribution to the daily lives of Greek consumers. The Greek Food & Drink Industry is one of the largest manufacturing sector in terms of turnover and value added. The industry is a stable, competitive, resilient and robust sector, even in times of economic downturn. It is one of the very few manufacturing sectors, which has maintaned high production levels, recording turnover in excess of 14.2 billion euros.

CREATIVE GREECE 2017 - EXPORT LEADERS

President of Federation of Greek Mariculture

Antonis Chachlakis 2017 – A year of reforms or stagnation for the Greek aquaculture

The Greek production accounted for 61% of total European production and 31% of global production regarding sea bream and sea bass

Marine fish farming is the most important type of aquaculture production in Greece with over 30 years of experience. In 1985 there were 12 licensed farms, producing annually 100 tons, while three decades later the production had increased by 1000%, with more than 300 farms producing more than 100,000 tons. Currently there are 63 companies operating 366 farms throughout Greece. Most of those companies are family-owned businesses and small-and-medium enterprises. However, there are a few large holdings producing juveniles and fish feed. In Greece two species are mainly farmed, namely sea bream and sea bass, while at a much smaller scale some other Mediterranean species are farmed, such us Meagre, Sharp-snout sea bream, Red porgy, Turbot, Dentex and Red Sea bream. In 2015, production reached 110,000 tons of which 98% were sea bream and sea bass and 2% were all the other Mediterranean species. The Greek production accounted for 61% of total European production and 31% of global production regarding sea bream and sea bass. In 2016 the harvest volume of sea bass and sea bream was approximately 105,000 tons. According to FGM President Antonis Chachlakis, in 2016 the sector’s companies were forced to operate for yet another year in an environment characterized by unprecedented economic instability, stagnation of institutional reforms of the industry and an intense competition coming mainly from Turkish farmers, who practice a very aggressive “undercut” commercial policy. What is remarkable however is that the industry has proved particularly durable and despite those difficulties, 2017 found the companies in a better position than in the previous years. The Federation of Greek Maricultures elaborated a detailed yearly plan aimed at the further development of aquaculture focusing on sector competitiveness through research, innovations and targeted promotional activities. This yearly plan coincides with the Operational Program for Fisheries 2014-2020 in order to ensure maximum utilization of the available funds for Greek aquaculture. We hope that ministers involved, will expedite the procedures this time in order to take advantage of this opportunity for further development. The economy of Greece needs a strong and competitive exporting sector as this one. Markets and trade of Greek sea bass and sea bream The Greek Mediterranean Aquaculture is a highly extroverted sector, as more than 80%- 85% of its total production is exported, thus providing a positive contribution to the country’s trade balance. Since 2010, aquaculture has been the most exportoriented sector of Greece’s agricultural production after fruits and vegetables, and the most extroverted of all livestock production sectors. According to the Hellenic Statistical Authority (ELSTAT), in 2015 Greek sea bream and sea bass were exported to 33 countries globally. By far, the largest market for Greek products is the EU as almost 96% of exports is sold there and the remaining 4% is exported to North America and other countries.

❱❱❱ 42

CREATIVE GREECE 2017 - EXPORT LEADERS

❱❱❱ Global trade flows of Greek Sea bass and Sea bream N. America

Other E.U.

Others

Portugal

Profile of FGM

France

Italy

39%

● Established in 1991, FGM represents the Greek aquaculture companies that produce Mediterranean euryhaline fish species and mainly Gilthead sea bream and European sea bass. ● FGM is also associated with Greek companies providing technology and services to the industry, including fish feed. ● FGM currently represents 80% of the Greek aquaculture production and two-thirds of the total employees working in the sector. ● FGM is the official representative of fish farmers to several bodies including: The State, Public Authorities, European Institutions, International Organizations, and since 1993 is a member of the Federation of European Aquaculture Producers (FEAP). ● Its main objective is to promote the sustainable development of the sector and maintain the leading position of its members in the production of Mediterranean species. ● Apart from the Board and the secretariat, FGM has three expert Committees (Marketing, Scientific Advice and Institutional Affairs) in order to effectively tackle the complex issues affecting the sector. ● FGM has significant experience in identifying vocational skill needs in the Mediterranean mariculture industry and in response developing pilot training programmes, at a Mediterranean level, in order to improve vocational proficiency and to ensure a sustainable mariculture sector.

Spain

11%

Greece

22%

In 2015 exports reached 85,000 tons (77.2% of total production), of which 59% was sea bream and 41% sea bass. The respective total value was expected to marginally exceed 454 million euros. As regards the distribution of exports, 95% was absorbed by EU member countries, 4% by North America and 1% by all non-EU countries in Europe and the Middle East. Compared to 2014, exports in 2015 fell by 3% following the harvest trend. However, the improved average prices for both species in most markets offset the decline in export volumes.

Exports of Greek Sea bass and Sea Brem in 2015 N. America

Other E.U.

Others

Portugal

11%

Italy

50% France

12%

Spain

14% Italy is the biggest market for Greek farmed fish as it accounts almost for 50% of the Greek exports of fresh sea bream and sea bass. In 2015 Italy imported in total 50,251 tons of sea bream and bass, of which 31,952 tons (63.58%) were supplied from Greece.

CREATIVE GREECE 2017 - EXPORT LEADERS

Chief Executive Officer

Julia Tseti OFET: Courage, Passion and Responsibility In times of insecure paths and narrow perspectives, enterprises in the industrial sector and especially pharmaceuticals strive to survive, perform and excel within a stringent and dynamic regulatory framework. In this context and for more than half a century we aim high either at times of a thriving economy or bleak recession. This is due to our intense sense of responsibility towards the Greek economy, towards our people and the patients that trust us. It is actually this sense of Responsibility that further empowers our efforts and navigates our journey. I would say that Responsibility has become an obsession to us. There can be no success without Courage, Passion and Responsibility. These are the key ingredients for the medicine that treats the disease of Crisis and Pessimism. It is our ticket to an outstanding future. After 53 years the fleet of OFET with the vessels of Uni-Pharma & Intermed, has the experience, vast scientific knowledge and cutting edge production facilities to offer an immense variety of innovative products meant to meet and exceed the needs of thousands of patients in Greece and all over the world. More than 400 employees constitute the crew of this fleet on this tireless voyage to Excellence always having as a compass its Strong Ethics, High Values and heightened sense of Responsibility; reaching out to national and international destinations ALWAYS serving the common objective of being present daily in the homes of thousands of families, contributing to their health and wellbeing.

CREATIVE GREECE 2017 - EXPORT LEADERS

Chairman & CEO

Stergios Tsagkoulis The “lord” of edible olives abroad

As much as 98% of output is exported to 58 countries around the world.

Since 1990, Intercomm Foods SA has been operating in the central-Greece prefecture of Larissa, in the processing and packaging of edible olives and fruit aseptic under the highest quality standards. Today the firm is a leader in its field in Greece and exports up to 98% of its output to nearly 60 countries in the world. In addition, it is considered as one of the leading companies in olives and antipasti. The sector in which the company is involved promotes Greece’s national economy as 18% of all Greek edible olives and antipasti is exported by Intercomm Foods. In addition, the firm’s exports of olives, antipasti and packaged fruit account for 12% of total Greek exports. As foreign markets present an upward trend in both categories of products (olives and fruits), we have set the US, Mid East, Australia, Notia America, Korea and Japan as our target markets. In recent years, Intercomm Foods has been posting higher financial results: In 2015 it achieved sales of 60 million euros for olive-antipasti products and 25 million euros in fruit products (aseptic apricot, peach). So, the firm reported higher 2015 results, both in sales and profits. More specifically, 2015 overall sales rose to 85 million euros, compared to 78.6 million euros a year earlier. The firm also invested nine (9) million euros in new machinery. As much as 98% of output is exported to 58 countries around the world. The company has opened new markets in South America for fruit products and in Eastern European countries for olives and antipasti. Plans for 2017 include the creation of new olive-antipasti products in innovative packaging in the category of “healthy” snacks and organic products. At product level, we intend to increase the range of olives, antipasti and fruit products with new innovative packaging, clean label, bio and organic products without preservatives.

CREATIVE GREECE 2017 - EXPORT LEADERS

President of American – Hellenic Chamber of Commerce

Simos Anastasopoulos The bilateral goods trade between the USA and Greece is resilient.

The export process is a marathon, which means that companies need to focus on how to be established in the US market and develop an appropriate mechanism

In spite of the economic recession that Greece has been experiencing in the aftermath of the financial crisis of 2007–08, bilateral trade between the USA and Greece has not been adversely affected. On the contrary, during the period 2012-2015 US goods imports from Greece were higher than the respective exports and it is estimated that this trend will also continue in 2016. In particular, in 2015, Greece’s goods exports to USA reached $1.36 billion, recording positive growth (+29%) in comparison with 2014 and with 2013 (+42%), while from January until November 2016 they reached $1.10 billion, making Greece the 69th most important goods trade partner of the US. The increase in Greece’s goods exports to the US is a sign that Greek companies are increasingly turning to foreign markets to sell their products, as domestic consumption has been diminishing since 2010 (the average monthly household expenditure on goods and services recorded a decline of 25% during the period 2010-2014 in Greece).

USA - Greece Goods Trade, 2011-2015 in US dollars 1.130.969.963 865.444.211

2011

1.356.447.796 986.934.224

954.238.447

804.136.728

739.038.829

2012

2013

USA goods imports from Greece

1.050.046.647

1.102.800.000

773.223.119 725.699.147 2014

2015

USA goods exports to Greece

660.500.000 Jan-Nov 2016

Iron and steel articles represented the largest share (16.37%) of US goods imports from Greece in value in 2015, followed by preparations of vegetables, fruits, nuts or other parts of plants (14.08%) and tools, implements, cutlery, spoons and forks of base metal (9.76%). Other products that the US imported from Greece during the same year, were salt, sulfur, earth materials and stone, plastering materials, lime and cement (7.39%), aluminum (5.92%), as well as electrical machinery, equipment, parts and accessories of such items. At the US state level, the most important importers of goods from Greece were Texas, New York, North Carolina, New Jersey, Illinois and California. In particular, 85.77% of Texas’ goods imports and 87.54% of North Carolina’s goods imports from Greece (in value terms) concerned primary metal manufacturing products, while food manufacturing products were the most important product category that the states of New York, New Jersey and California imported from Greece with shares of 57.19%, 54.59% and 76.93% respectively.

❱❱❱ 50

CREATIVE GREECE 2017 - EXPORT LEADERS

A move forward is always rewarded. winbank proves it is the No. 1 web banking in Greece with distinctions and awards in Greece and abroad for its successful and innovative initiatives.

Best Consumer Digital Bank in Western Europe 2015 & 2016 Silver award winbank Private Banking App Bronze award one touch/ winbank mobile banking App Gold award winbank wallet

Gold award quick login/ winbank mobile banking App

Silver award one touch/ winbank mobile banking App

Silver award winbank mobile banking App Bronze award winbank instant cash App yellowday

Gold award winbank mobile banking App Bronze award winbank instant cash App

One move forward THE NO. 1 WEB BANKING IN GREECE

piraeusbank.gr

CREATIVE GREECE 2017 - EXPORT LEADERS

❱❱❱

2011

73 - Articles of iron or steel 20 - Prep vrgetables. Fruit. Nuts or other plant parts 82 - Tools. Cutlery etc. of base metal & parts thereof

2014

16,37% 14,08% 9,76% 7,39% 5,96% 5,43%

5,35% 6,32%

10,12%

11,13%

15,53% 5,07%

2013

4,41%

6,76%

11,12%

11,69%

15,56%

2012

6,20%

8,31%

4,54% 5,23%

8,59%

14,75% 13,33% 6,68% 7,89%

2,69%

10,80%

8,16%

15,84%

TOP 6 US goods imports from Greece

2015

25 - Salt, sulfur, earth & stone, lime & cement plaster 76 - Aluminium and articles thereof 85 Electric machinery etc, sound equip, TV equip, PTS

The American-Hellenic Chamber of Commerce strongly believes that Greece has the potential and high-quality products that can enhance its presence in large markets such as the American one. However, despite the improvement in the figures above, there is a lack of a solid strategy that will enable companies -in collaboration with the state- to effectively promote their products in the US. In addition, there is a large number of potential exporters who don’t have the necessary knowledge of the market and many of them are not operationally prepared.

USA goods imports from Greece at state level, 2015 Illinois

8,93%

New Jersey

California

7,19%

Texas

9,08%

23,24%

North Carolina

New York

9,21%

10,60%

The US is a major global commercial market with considerable opportunities that can be exploited and result in a huge economic benefit for Greek companies and, by extension, the Greek economy. On the other hand, the US is a highly competitive and demanding market requiring a variety of approaches and strategies. Speaking, for example, about food and beverages what we must not forget is that America is not a single market and there is a wide variety of eating habits from region to region and from one ethnicity to another. Greek companies aiming at offering products targeted at specific

consumer markets and/or trends (niche markets), will have many more chances to establish their presence with greatest success. There are many sectors where Greek products can successfully compete, in addition to food and beverages, such as dietary and health products/cosmetics, construction materials, handcrafted jewelry, mobile & S/W applications, microelectronics and others. The export process is a marathon, which means that companies need to focus on how to be established in the US market and develop an appropriate mechanism—and not focus directly on sales. Therefore, companies need to conduct market research, define a strategy and implement targeted actions for effective penetration. All these are essential to gaining the trust toward their products, since trust and credibility are also necessary for a successful presence in the US market. In this context, the American–Hellenic Chamber of Commerce decided four years ago to establish an internal mechanism, the TradeUSA department that would provide in-depth information and special services facilitation to Greek companies willing to export their products/services to the USA. TradeUSA holds workshops in many regional Greek cities, conducts market research studies on sectors of high interest for Greek companies, and organizes sectorial trade missions and national pavilions at major exhibitions/fairs. At the same time we are the exclusive partners of Registrar Corporation in Greece, which provide full FDA services to any exporter that needs to have FDA certifications. In December 2016, we organized a major ‘Trade USA’ forum where experts from the US participated and, through their presentations and discussion with the audience, provided abundant practical information to the participants of the Forum. The Chamber recently established a Trade Committee consisting of a number of major exporters in an effort to discuss and respond to crucial issues affecting Greece’s trade with the US and draft and present recommendations to the State. Also we have developed very strong cooperation with State Ministries and Agencies with which we collaborate closely and effectively in many of the above projects. All these efforts and initiatives have lead to a wide recognition and appreciation by the business community, which acknowledges the Chamber’s work. In closing, I would like to point out a few but important recommendations. First: the design and implementation of a marketing strategy for defining and promoting the Greek national brand. Second: the definition of the minimal criteria needed for a company to be eligible to participate in national pavilions and receive State assistance. Third: mapping out a national strategy to encourage cooperative schemes to increase their export capacity and focus on a limited number of brands that will eventually play the role of key ‘ambassadors’ to the US market, openning the way to other companies and products to follow shuit in the future.

CREATIVE GREECE 2017 - EXPORT LEADERS

AMERICAN HELLENIC CHAMBER OF COMMERCE

MISSION STATEMENT The American-Hellenic Chamber of Commerce strives for continuous improvement of American-Hellenic commercial and financial relations, through increased membership and through organization of top-quality events, exhibitions, fora, seminars and networking events. With a corporate membership today of some 1,000 companies operating in Greece, that includes American companies doing business in Greece and major Greek enterprises doing business in or with the U.S., the Chamber continues to encourage and facilitate trade, investment and professional partnerships from both sides of the Atlantic. The Chamber is a fully accredited member of the U.S. Chamber of Commerce in Washington D.C., and affiliated with the European Council of American Chambers of Commerce (ECACC).

ABOUT THE CHAMBER

Profile The American-Hellenic Chamber of Commerce is one of the largest and most active American chambers in Europe. It was established in 1932 to promote economic and business relations between the United States and Greece. It is a wholly autonomous, not-for-profit organization and receives no subsidy from any government body. Objectives The Chamber aims to: ● Promote the harmonious development in Greek-American relations in the economic and business field ● Aid the increase in trade and development between the two countries and acquaint and inform the American business community in Greece with the economic environment and business practices of the host country ● Assist Greek businesspeople who wish to create business partnerships with American companies ● Represent the American business community vis-a-vis government departments and agencies ● Aid and assist importers and investors in their respective countries Provide a forum for an exchange of views on matters of mutual business and commercial interests. Chamber Committees Chamber Committees serve as dedicated instruments that coordinate activities, study policies and develop positions and recommendations in their area of expertise. Each Committee is responsible for creating an agenda that furthers the interests of Chamber members. Committee members serve as advisors to the Chamber regarding activities, policies and strategies. Institute of Economic Policy and Public Governance The Institute is dedicated to advancing excellence in public governance, public administration, and economic policy in Greece. The Institute is part of Vision 2020 of the AmericanHellenic Chamber of Commerce, a vision to help transform

Greece into a regional leader with economic power, political leadership, and effective social policies. Chamber Services The Chamber organizes: ● Major conferences addressed by Greek and foreign dignitaries, government leaders, policy experts, businesspeople, and though leaders. The Chamber’s major conferences include the “Hour of the Greek Economy”, “Healthworld”“Corporate Social Responsibility”, “Taxation” and “Innovation & Entrepreneurship Forum”. ● U.S. Pavilions at major international exhibitions including “Defendory International Defense Exhibition” and “Thessaloniki International Fair.” ● Networking events such as luncheons, dinners, breakfast meetings and receptions to honor Greek business and political leaders and distinguished international guests. ● Business delegations to and from the United States and countries of the wider region of Southeast Europe. ● Successful Business and Trade missions in US and in other countries in the South-East Europe. ● Executive Seminars. The Chamber has organized, in collaboration with prominent business schools, executive seminars for its members with great success. Chamber events draw the participation of the Prime Minister of Greece, leaders of the opposition, Prime Ministers and Ministers from throughout the region, and major personalities from the world of business, politics, and finance. The Chamber serves as: ● A spokesperson to governments and their agencies in order to obtain effective results in policy matters affecting GreekAmerican economic relations, and as a liaison between the government and the private sector regarding general and specific points of concern ● A liaison between Greek and American businesses and government offices and agencies for the development of mutually beneficial policies Information Services: ● In the Athens head office and the Thessaloniki branch office, the Chamber maintains up-to-date business reference libraries, including documentation on U.S. and Greek economic concerns ● Conducts, in cooperation with a local university, a comprehensive business and investment survey on the Greek economy every 2 to 3 years ● Can conduct financial studies and business searches on behalf of Greek or American companies Publications The Chamber publishes Business Partners, a bi-monthly magazine, an annual Business and Members’ Directory, and brochures, studies, and position papers related to Chamber events and committees. The Chamber is governed by an Executive Committee and a Board of Directors.

CREATIVE GREECE 2017 - EXPORT LEADERS

Chairman of the Hellenic-German Chamber of Commerce and Industry

Michael Maillis

Exports as a pillar for growth

In the 11 months of 2016, there was a 3.1% increase in exports to €1.8 billion

The year 2017 will be an important turning point for Greece and for Greek businesses which have survived against all odds and continue to provide essential “fuel” for the domestic economy. The challenges are countless. The overriding challenge, however, has to do with promoting the quest for growth, which is directly related to the country’s export activity. In other words, the state has to reveal a clear strategy to stimulate the flow of investments and extroversion and the creation of new jobs. Against this backdrop, it is obvious that there are three pivotal prerequisites to making the aforementioned objective possible: - Firstly, progress must be made in the permitting framework and in efforts to contain bureaucracy. Making it easier for those who want to invest in Greece in key areas of the Greek economy is essential if we are to turn a new page. - Secondly, there should be a climate of consistent taxation in Greece so that investors come back, and the goal of the 2017 Budget for a 2.7% growth of GDP can be achieved, along with securing a primary surplus of 1.8% of GDP and further reducing unemployment. - Thirdly, the government must increase funds allocated for export businesses, either through the new NSRF programme, or through other funding tools, in order to stimulate export-oriented activities in Greece and reward those who actively pursue a place in foreign markets. Essential to achieving each of these goals is to complete all pending negotiations with Greece’s international lenders and meet bailout obligations, as well as to provide a meaningful solution to the issue of non-performing loans through: - The uniform application of the new bankruptcy framework and the new extrajudicial mechanism for regulating debts. - Achieving the goal to reduce non-performing funding by €41 billion by 2019, with measures of €15 billion, sales of loans of €6-7 billion, liquidations of €5-6 billion and write-offs of €15 billion. - The reorganisation of key business sectors through regulation of non-performing loans, where it is certain that healthy exporting companies will play a leading role in transforming production. The resolution of such issues or, better still, the adoption of solutions, will demonstrate that the government has faith in the prospects of domestic investments, foreign investors and an increase in exports. In this context, the Hellenic-German Chamber of Commerce and Industry believes in the potential of extroversion. In recent years, it has undertaken coordinated actions to support businesses and provide a platform for Greek enterprises wishing to take part in international trade fairs in Germany. Meanwhile, it has staged a number of B2B events, creating channels of communication and cooperation between Greek and German enterprises.

❱❱❱ 54

Our history CREATIVE GREECE 2017 - EXPORT LEADERS

We have one target: the expertise in all fields that we are active in Our key elements are higher quality, creative flexibility & excellent service Our vision is the research & development and the production of the most innovative and trustworthy products and solutions Our corporate philosophy is based on innovation, quality and service We are keen to becoming an employer of choice Our mission is to improve the lives of millions

We are active in: Pharmaceuticals Medical Devices Infant & Baby Nutrition Consumer Healthcare Healthcare services

Rontis Hellas SA 38, Sorou, 15125, Marousi, Athens Tel: +302106109090 Fax: +302106108748 Email: infohellas@rontis.com www.rontis.com // www.rontis.gr

CREATIVE GREECE 2017 - EXPORT LEADERS

❱❱❱ The prospects for development of the domestic economy through an export orientation is also reflected by the magnitude of Greek exports to Germany. In the 11 months of 2016, there was a 3.1% increase in exports to €1.8 billion, along with a 3.8% increase in Greek-German trade to €6.3 billion. Exports from Germany to Greece also rose by 4.1% to €4.5 billion.

Profile of the Hellenic-German Chamber of Commerce and Industry The objective of the GermanHellenic Chamber of Commerce and Industry, founded in 1924 due to the importance of the German-Hellenic commercial transactions, is the tightening and growth of the GermanHellenic enterprising and commercial relations. For more than 90 years, the Chamber has been the official institution for mediation and contracting of commercial relations. Further, the Chamber is the official representative of German trade fairs for 60 years and provides legal, commercial and economic advice. The Chamber has 870 registered members in Greece and Germany, which are served from both offices in Athens and Thessaloniki. With its established organizational structure, following standard business and accounting practises of the ‘German Chambers of Commerce Abroad’ network, with 130 offices in 90 countries, the Chamber draws a highly efficient accounting department, modern communication structures and organization-wide project management techniques. The Chamber operates a Arbitration and Mediation Center (AMC) and also provides the dual education training system, as well as know-how transfer in the fields of renewable energy and informatioSn and communication technologies through EUprojects and B2B platforms.

From here on out, every day must bring some good news, a piece of news that highlights the fact that Greece has rolled out the red carpet to direct domestic and foreign investments as the only solution to reducing unemployment and putting Greece back on a growth track. Besides, provided we managed to secure a GDP growth rate of 3%, we will be able to cover any fiscal gap in the insurance funds and thus halt the continuing cutbacks in pensions. Only speedy changes and reforms and the prompt application of agreed terms, even in their extreme manifestations, can provide some hope for the survival of Greece’s economy. Consistency is needed to support arguments for adjustments, and not union-type activism.

Jan.-Nov. 2015 (in euros) Jan.-Nov. 2016 (in euros) Change (%) Source: Eurostat

Greek Imports from Germany

Greek Exports to Germany

Total Greek German Trade

4.298.443.171 4.474.382.604 4,1

1.742.042.769 1.795.379.577 3,1

6.040.485.940 6.269.762.181 3,8

DLATOLAS EXPRESS CARGO: A partner to Greek businesses’ sales DELATOLAS EXPRESS CARGO provides integrated supply chain solutions to businesses which: ➤ consider that storage and distribution operation costs are currently very high ➤ wish to have nationwide coverage in forwarding and/or return of goods ➤ want to export shipments to EU countries or third countries outside the EU ➤ the courier services is an essential operational factor ➤ e-shops with comprehensive communications support, SMS or e-mail to the sender or receiver of package while collecting and managing cash on delivery ➤ need for customs clearance and storage of their products in a customs warehouse to benefit from the use of it ➤ wish to have spaces to use as tax warehouse ➤ feel the need to relocate and be put directly into operation by continuing to serve their customers ➤ delivery of small packages/envelopes to shops within and outside the urban zone of cities

➤ import GROUPAGE consignments from abroad and their direct distribution is of great importance ➤ information that the goods are delivered to the recipient is a crucial and reliable sales relationship factor for all Greek firms ➤ simultaneously serving multiple distribution networks of complex, multi-level and multi-channel products, is difficult for any business ➤ they are puzzled to find new ways

to reach their customers more efficiently, reliably and quickly ➤ are sceptical and precautious of the new economic environment in Greece ➤ have a “headache” in the management of vehicle maintenance and personnel ➤ need storage space in the province and particularly in Northern Greece, Crete, Patra, Thessaly, etc., along with direct services to their customers ➤ think that growth opportunities lie ahead in spite of the economic crisis ➤ repackaging retail products must be done quickly, economically and repackaged products be on the market for sale ➤ the expansion of their activities is connected with the supply chain ➤ they think that “CYPRUS IS NEAR” and want expansion of the sales network to Cyprus ➤ promotions of marketing of Greek enterprises are focused on the use of “TIME” and “PLACE” ➤ directly and constantly expect flexibility, responsiveness, and integrated solutions

Delatolas Express Cargo guarantees to meet these needs offering:

90+

courier trucks and transport vehicles

20.000+

sqm of warehouse space with: ◆ organized courier system ◆ modern IT systems and interface

180

experienced and qualified staff Before Sales Service DELATOLAS sales department offers a new innovation in the approach to the customer. A qualified sales consultant takes the first step to make contact with your company in order to record the existing transport system, needs, your goals and expectations, so that a study can be carried out to design the most advantageous solution adjusted the your own needs. Register your interest in sales@ delatolas.com and take advantage of our experience and expertise to the benefit of your business. Delatolas Express Cargo.

DELATOLASLOGISTICSSOLUTIONS

CREATIVE GREECE 2017 - EXPORT LEADERS

Chairman of Greek - Bulgarian Chamber of Commerce and Industry

Panagiotis Koutsikos Business cooperation between Bulgaria and Greece

According to data from the Statistics Office of Bulgaria, Bulgarian companies of Greek interest employ approximately 82,000 Bulgarian citizens.

Bulgaria, a member of the European Community, has managed to overcome the economic crisis from the beginning of the year 2011, and is constantly developing ever since. Bulgaria‘s population has reached 7.3 million people, following a declining line. Taxation on business profits reaches 10 %, while the minimum wage is 210 euro, and the annual inflation is 0.1 %. Bulgaria’s banking system is stable and business activities are considered to develop under positive circumstances. Capital investments from Greece reach the amount of 2.9 billion euros, without including the percentage spent annually from the business profits, because it is not recorded under the Bulgarian statistics service. The Greek-Bulgarian Chamber of Commerce estimates that the respective amount of capital is up to 4 billion euros. The total trade has reached the 2.83 billion euros, which is a positive number for Greece’s trade balance. The business sector with the largest share is services-trade, followed by manufacture and small industry. According to data from the Statistics Office of Bulgaria, Bulgarian companies of Greek interest employ approximately 82,000 Bulgarian citizens. The Greek-Bulgarian Chamber of Commerce organizes departmental day conferences annually, together with one General Congress in Athens or Sophia. Thus, an opportunity is given to people from several businesses to meet potential Bulgarian colleagues, and get to discuss with them in order to develop their businesses and strike new cooperation deals. The Greek-Bulgarian Chamber mediates, so as to offer its services, in various businesses that may need support. Moreover, the Greek-Bulgarian Chamber of Commerce maintains excellent relationships with the Authorities, ministries, chambers and organizations, in both Greece and Bulgaria, hence is considered a trustworthy supportive agent for the development of bilateral commerce and investments, and in this way offers to both members and non-members reliable services. There are 1200 active businesses, of Greek interest, operating currently in Bulgaria, from all 3 economical areas. However, the actual number of business recorded reaches the amount of 15,000, because there are businesses established for purchasing either real estate or cars. Greek companies should seriously consider the Bulgarian market as an expansion of their activities and not take advantage of the low labor cost. The business vibe is positive, and that’s why they should focus on the capacity given to absorb business products from the Bulgarian market.

CREATIVE GREECE 2017 - EXPORT LEADERS

THE GREEKBULGARIAN CHAMBER OF COMMERCE AND ITS SERVICES

STRUCTURE of GREEK EXPORTS

1 2 3 4 5 6 7

460 million euros

Industrial items

225 million euros 195 million euros 171 million euros 150 million euros 71 million euros

Foods, live animals Minerals, fuels, lubricants Chemical products-fertilizers Removal machinery and materials Drinks and tobacco Other products

STRUCTURE of GREEK IMPORTS

1 2 3 4 5

357 million euros 534 million euros

Foods, live animals Industrial items Chemical products Drinks and tobacco Other products

102 million euros 34 million euros

The Greek-Bulgarian Chamber of Commerce (EBEBE) is recognized and operates in accordance with Presidential Decree 155/23/10/2008. The Chamber operates as an independent nonprofit organization, under private law. PURPOSE OF THE CHAMBER The promotion and development of commercial, economic, business and cultural ties between Greece and Bulgaria, with activities related to the these areas. ETEE has already developed excellent relations with authorities, ministries, organizations, institutes and chambers in both countries so as to act as a reliable promotional mechanism of bilateral trade and investment with the purpose of providing reliable services to its members and third parties. CHAMBER SERVICES TO MEMBERS: Weekly e-newsletter Members are updated every week via an e-newsletter on the economic, political and business news from Bulgaria, as well as on various business events and deals. Organizing events The Chamber organizes and coordinates events of commercial, social and cultural nature, inviting distinguished personalities from both countries to contribute to the overall promotion of the two countriesâ&#x20AC;&#x2122; relations. Cooperation with other Chambers ETEE has established cooperation with all bilateral commercial, industrial, commercial and craft chambers of Greece and Bulgaria, creating opportunities for business deals, including with Central Asian countries. Mediation ETEE can mediate in business differences, if requested to do so, by offering its services to resolve the dispute amicably. Conferences The Chamber holds 2 business conferences every year in Greece and Bulgaria, alternately, facilitating business contacts between companies from both countries.

CREATIVE GREECE 2017 - EXPORT LEADERS

President of French-Hellenic Chamber of Commerce and Industry

Cyrille Dupont

Innovation: the engine of the new Greek export model Chamber’s short description:

The CCI FRANCE GRECE (French-Hellenic Chamber of Commerce and Industry) develop and promote the economic and commercial relations between the two countries.

Chamber’s Profile for the booklet:

For 130 years in 2015, the CCI FRANCE GRECE (French-Hellenic Chamber of Commerce and Industry) has been defending the interests of companies of both countries wishing to invest and trade in both markets, and promoting the image of France and the mutual understanding of the two countries, with a view to contribute significantly to Greece’s economic growth. In terms of trade, France is the 7th biggest supplier of Greece, with strong positions in the food industry, transports, chemicals, consumer goods, pharmaceuticals, among others. On its side, Greece’s main exports to France come from the food, mechanical and metal products, clothing, fishing and agriculture industries. Perhaps more significant, France is a major investor in Greece, with 120 companies present, in areas such as food, infrastructure, transportation, tourism, electronics. France and Greece are close economic partners. To Greek companies, France offers a big market, investments and knowhow. To French companies, Greece offers a significant market, a well-qualified and hard-working labor force, investment opportunities, and an attractive geographical location, between Western and Eastern Europe and the Middle-East. At a moment when Greece is turning a important page of its recent history, and making crucial choices, the CCI FRANCE GRECE and its members (Greek & French companies) stand ready to continue supporting it, and contributing with all their expertise and energy to fostering the investments, jobs and wealth creation that are indispensable for the continuing recovery of Greece’s economy.

Let us be realistic, as well as reasonably optimistic: 2017 could be the return to growth for Greece, after all these tough years. All local companies, Greek or foreign, whatever their size or their domain of expertise, went on fighting on a daily basis, to survive, as a first priority, but also investing, innovating and acting in order to enlarge their visibility in Greece and abroad. Despite the “turbulences”, French entrepreneurs continued to seriously consider the Greek market as a market with opportunities in many sectors, for instance, infrastructure, energy, environment, transportation and services. On the other side, France offers a “Greek friendly” significant market outlet for Greek firms and investors. The friendship between the two countries still remains a catalyst, never denied in spite of the harsh environment that we faced jointly, for building mutual sustainable business and long-term relationships between both our business communities. The common understanding of the expression “Greek exporters” refers to the “classical economy” sectors such as agriculture, energy, construction for which Greece definitely counts “world-class” groups and companies. But having said that, what about “innovation” as an “export booster”? French companies do not ignore the Greek talented and highly educated youth, which has turned towards the future, with a huge appetite for entrepreneurship as part of its DNA! The success of the French Institute,s (“Institut Français de Grèce”) initiative “Jeunesse Innovante” (“Innovative Youth”) and the “Forum des Affaires et de l’Innovation” (“Forum for Business and Innovation”) in the fields of Energy & Environment held in November 2016, with the active support of the French-Greek Chamber of Commerce and Industry (“CCIFG”), illustrates the trust generated by the new Greek generation and its capability to take on challenges and to pave the way for a better and promising future. Our role is to encourage the outstanding dynamism of this “digital economy”, highly visible in Greece through the networks of start-ups, innovative clusters and university labs, particularly active and, more and more, internationally recognized. Out of our societal mission to develop our young people and make them willing to stay and develop in our country for its ultimate benefit, let us, as of today, consider innovation as a new “export paradigm” and the pillar of the 21st century. Innovation as the engine of the Greek export model, why not make it happen?

CREATIVE GREECE 2017 - EXPORT LEADERS 9

PLASTIC INDUSTRY PRODUCTION AND SPECIAL CONSTRUCTION TEKNOGLAS Acrylic extruded sheets from 2mm to 20mm XT/ HI thickness.Our acrylic sheets have dimensions 2050mm X 3050mm,except special orders. We provide a variety of colours. TEKNOGLAS Acrylic frost sheets . FROST: TEKNOCARB PC Polycarbonate extruded sheets from 2mm to 12mm thick.Our polycarbonate sheets have dimensions 2050mm X 3050mm, except special orders. We provide a variety of colors. PVC

FLOORING SHEET / PROFILE AND PIPES

PVC : TEKNOGLAS FOS: Speciality Teknoglas sheets for eﬃcient lighting applications combined with LEDs. Speciality products for edge lighting and backlighting . FLEX DOOR: Door - curtain of transparent PVC with UV stabilized for extra weather resistance. Used in factories, food factories .

TEKNOCARB AC They are available in ﬂat transparent sheets 12,15,18 and 20mm thickness. Sheets 2000x3050 mm. TEKNOGLAS TEKNOGLAS crystallize is the product line CRYSTALIZE with a relief SOLID acrylic sheets. TEKNOGLUE Special glue for acrylic sheets.

CREATIVE GREECE 2017 - EXPORT LEADERS

President of Hellenic-Russian Chamber of Commerce

Christos Dimas

The Hellenic-Russian Chamber of Commerce (HRCC) – a trusted partner for export-oriented companies

The Chamber’s moral obligation and ambition is to further strengthen the Greek presence in the great country of Russia

The Hellenic-Russian Chamber of Commerce (HRCC) having completed more than 20 years of active contribution to the enhancement of Greek – Russian trade and commercial relations, continues its activities by setting new goals for the development of mutually beneficial cooperation between the two countries. In close cooperation with state bodies and public services in both countries, the Hellenic-Russian Chamber of Commerce has developed a strong cooperation network with regional chambers and business associations in Greece and Russia; it has established the Strategic Council in Russia with the participation of important personalities and institutions in the Russian market; it has formed the Business Council which is working with the biggest, well-established in the Russian market Greek companies; it has contributed to the signing of memorandum of cooperation in the pharmaceutical and fur industry of both countries - facts that make the HRCC the most reliable consultant for the export-focused businesses. Counting more than 350 members from both Greece and Russia, the Hellenic-Russian Chamber of Commerce organizes targeted events, tailor-made business missions, participates in exhibitions and provides a wide spectrum of services. Russia is not just a big country; it is the driving force of the Eurasian Economic Union (EAEU) that creates huge opportunities for the Greek export-oriented businesses. Any initiative that fosters and supports the growth of entrepreneurship and in particular the export-oriented businesses, is welcomed by the Chamber. The Chamber’s moral obligation and ambition is to further strengthen the Greek presence in the great country of Russia. We expect to see every one of you join us in building a strong bridge of cooperation in the face of the challenges of our time.

CREATIVE GREECE 2017 - EXPORT LEADERS

Greece-Russia bilateral trade, January-September 2016 The downward trend recorded in bilateral Greece-Russia trade in recent years, although having showed signs of slowing down, continued in the nine-month period January-September 2016. According to provisional data of the Hellenic Statistical Authority (HSA) derived from Eurostat, the volume of trade in the respective period decreased by 26.6%, amounting to 1.9 billion euros. Greek exports to Russia amounted to 150 million euros, recording a drop of 4.6%. Imports from Russia amounted to 1.7 billion euros, a decrease of 28%. The trade balance, despite an improvement, remained strongly in deficit for Greece.

Greece-Russia total bilateral trade, Jan.-Sept. 2016 Jan.-Sept. 2016 Volume (100kg) Value (euros) Exports Imports Trade Volume Trade Balance

149,755,600 1,742,294,191 1,892,049,791 -1,592,538,591

1,376,596 64,524,580 65,901,176 -63,147,984

Jan.-Sept. 2015 Value (euros) Volume (100kg) 157,048,289 2,419,662,915 2,576,711,204 -2,262,614,626

1,010,926 62,497,910 63,508,836 -61,486,984

Change Value

Volume

-4.6% -28.0% -26.6%

36.2% 3.2% 3.8%

As far as the composition of Greek exports to Russia is concerned, the first place with a share of 13.7% was taken by clothing from fur, worth 20.5 million euros, which however plunged 34.4%. In second place are petroleum oils with a 12.5% share, followed by raw tobacco 7.7%, aluminum sheets and strips 4.3% and passenger ships 4,2%. The table below shows the 20 top Greek products exported to Russia in the first nine-month period of 2016, accounting for approximately 77% of total Greek exports to Russia.

Greek Exports to Russia, Jan.-Sept. 2016 10 top products HS4 - Product Description 4303 Furskin clothing, clothing accessories 2710 Oils from petroleum or bituminous minerals, other than crude 2401 Raw or non-industrialized tobacco 7607 Aluminum sheets and strips, thin 8901 Passenger ships, cruise ships, ferries 8517 Telephone sets 8428 Lifting, loading and unloading machines and appliances 3208 Paints and varnishes 7411 All types of copper tubes and pipes 8414 Air or vacuum pumps, air or other gas compressors and fans Total 10 top products Total Greek exports to Russia

Jan.-Sept. 2016 Value Volume (euros) (100kg) 20,551,178 18,720,144 11,605,235 6,401,103 6,300,000 5,810,186 5,772,814 5,634,759 4,916,011 4,425,800 90,137,230 1,742,294,191

336 390,473 25,147 21,403 0 579 12,991 18,157 9,223 7,178 485,487 64,524,580

Jan.-Sept. 2015 Volume (100kg)

Share in Value

Value (euros)

13.7% 12.5% 7.7% 4.3% 4.2% 3.9% 3.9% 3.8% 3.3% 3.0% 60.3% 100.0%

31,314,840 13,457,123 9,837,542 10,106,664 10,600,000 3,996,333 7,287,601 6,168,764 4,622,877 276,97 97,391,744 2,419,662,915

567 242,609 21,654 33,227 0 386 14,436 20,086 7,396 302 340,663 62,497,910

Share in Value

Change in value

19.9% 8.6% 6.3% 6.4% 6.7% 2.5% 4.6% 3.9% 2.9% 0.2% 62% 100.0%

-34.4% 39.1% 18.0% -36.7% -40.6% 45.4% -20.8% -8.7% 6.3% 1497.9% -28.0%

Source: Hellenic Statistical Authority; Processing: Office of Economic and Trade Affairs, Moscow

On the side of imports from Russia to Greece, the largest share is held by petroleum oils or oils obtained from bituminous minerals, other than crude (40%), crude oils from petroleum and bituminous minerals (26%), followed by natural gas (13%) and unwrought aluminum (10.5%). The table below shows the top 20 products imported from Russia in the nine-month period January-September 2016, corresponding to 98.5% of total imports from Russia.

Greek Imports from Russia, Jan.-Sept. 2016 10 top products HS4 - Product Description 2710 Oils from petroleum or bituminous minerals, other than crude 2709 Crude oils from petroleum or bituminous minerals 2711 Petroleum gases and other gaseous hydrocarbons 7601 Aluminum, unwrought 7403 Refined copper and copper alloys, unwrought 1001 Wheat and semolina 1005 Corn 7204 Waste and scrap iron, cast iron or steel 2701 Coal. Briquettes, balls and similar solid fuels 3102 Nitrogenous fertilizers, mineral or chemical Total 10 top products Total Greek imports from Russia

Jan.-Sept. 2016 Value Volume (euros) (100kg) 700,340,812 450,815,750 226,137,085 182,893,909 38,389,650 25,645,903 17,431,873 16,235,158 14,548,141 6,613,723 1,679,052,004 1,742,294,191

26,441,429 16,670,948 12,571,247 1,182,323 89,038 1,308,617 1,082,856 770,967 2,588,537 360,380 63,066,342 64,524,580

Jan.-Sept. 2015 Volume (100kg)

Share in Value

Value (euros)

40.20% 25.90% 13.00% 10.50% 2.20% 1.50% 1.00% 0.90% 0.80% 0.40% 96.40% 100.00%

1,024,156,305 766,434,617 269,088,913 193,626,087 36,237,368 23,262,495 6,098,685 1,231,413 10,353,324 7,050,786 2,337,539,993 2,419,662,915

27,851,902 20,501,964 8,027,688 1,049,773 67,884 967,952 363,635 49,000 1,521,612 289,456 60,690,866 62,497,910

Share in Value

Change in value

42.30% 31.70% 11.10% 8.00% 1.50% 1.00% 0.30% 0.10% 0.40% 0.30% 96.70% 100.00%

-31.60% -41.20% -16.00% -5.50% 5.90% 10.20% 185.80% 1218.40% 40.50% -6.20% -28.00%

Source: Hellenic Statistical Authority; Processing: Office of Economic and Trade Affairs, Moscow

CREATIVE GREECE 2017 - EXPORT LEADERS

Chairman of Greek - Turkish Chamber of Commerce

Panagiotis Koutsikos Business Cooperation between Greece and Turkey

The total trade between the two countries in 2016 amounted to 4 billion euros

Most of the extroverted Greek companies operating in Turkey have used the services of the Greek-Turkish Chamber of Commerce. There are about 400 Greek companies -from the entire spectrum of the economy- operating in Turkey as investors, with the total capital invested amounting to 6.6 billion euros. At the same time, there are only few Turkish companies operating in Greece, with the total invested capital amounting to less than 400 million euros. Dogus Group has invested some 350 million euros for the acquisition of Greece’s hotels Asteras Vouliagmenis and Hilton, along with Arabic funds. Furthermore, the same Group has acquired the 51 pct of Kiriacoulis company’s stocks, whose portfolio has 5 marines. The total trade between the two countries in 2016 amounted to 4 billion euros, with 2.8 billion euros accounting for exports of Greek products to Turkey and 1.2 billion euros for imports of Turkish products to Greece. Greek exports to Turkey include plastic products, electrical machinery, cotton, oil products, automotive oils, pharmaceuticals, jewelry, etc. Greek imports from Turkey include tourist busses, auto parts, agricultural products, machinery, packing materials, etc. The Turkish market is the largest in the region. The two main features making Turkey an important destination for business partnerships are its population of 78 million and the low average age of 30 years. Both of these features make Turkey a highly attractive destination for all kinds of Greek exports. In the tourism sector, there is an evident need to further strengthen business relations as 1.2 million Turkish tourists visited Greece in 2015 and 1.0 million Greek tourists visited Turkey. The Greek-Turkish Chamber of Commerce estimates that by 2020 the total trade between the two countries will reach 10.5 billion euros. Within the frameworks of the total trade support as well as the investments in Turkey, ETEE actualizes annually 16 business missions, which aim at products and services, which we are keen to export. ETEE supports the businessmen financially as follows: ● It covers the expense of a 4- or 5-star hotel for 2 nights along with breakfast. ● Airport transfer is provided daily to the hotel and to the convention hall. In the same strategic plans we promote 10-12 conferences, which take place every year locally, and two Europe-wide in Turkey and Greece, respectively.

CREATIVE GREECE 2017 - EXPORT LEADERS

Our aspiration is to advance products we have investigated they are needed in Turkey. e.g.: ● frozen foods - seafood ● organic products ● fertilizers ● vegetables ● healthy diet products Turkey is confronting a lot of difficulties today, as a result of terrorist attacks. I do believe though that it will overcome them soon and it will emerge a winner through its experience.

MAIN PRODUCTS IMPORTED FROM TURKEY IN 2016 VEHICLES BOILERS - MACHINES - EQUIPMENT IRON - COPPER TEXTILE PRODUCTS ELECTRICAL MACHINERY - EQUIPMENT GEMSTONES - JEWELRY PLASTIC PRODUCTS LIVE ANIMALS OIL PRODUCTS

In 2016, Turkey was the destination country for the following Greek products OIL PRODUCTS 75% (MINERAL OILS - FUEL) VEGETABLES PLASTICS (PLASTIC RAW MATERIAL - ARTIFACTS) COTTON ALUMINIUM - ARTIFACTS BOILERS - MACHINERY - EQUIPMENT COPPER - IRON NUTS AND EDIBLE FRUIT ALCOHOLIC DRINKS (WINE, OUZO, BEER) PHARMACEUTICAL PRODUCTS FERTILIZERS, etc.

THE GREEK-TURKISH CHAMBER OF COMMERCE AND ITS SERVICES The Greek-Turkish Chamber of Commerce (ETEE) is recognized and operates in accordance with Presidential Decree 288/5/9/2001. The Chamber operates as an independent non-profit organization, under private law. PURPOSE OF THE CHAMBER The promotion and development of commercial, economic, business and cultural ties between Greece and Turkey, with activities related to the these areas. ETEE has already developed excellent relations with authorities, ministries, organizations, institutes and chambers in both countries so as to act as a reliable promotional mechanism of bilateral trade and investment with the purpose of providing reliable services to its members and third parties. CHAMBER SERVICES TO MEMBERS: Weekly e-newsletter Members are updated every week via an e-newsletter on the economic, political and business news from Turkey, as well as on various business events and deals. Organizing events The Chamber organizes and coordinates events of commercial, social and cultural nature, inviting distinguished personalities from both countries to contribute to the overall promotion of the two countries’ relations. Cooperation with other Chambers ETEE has established cooperation with all bilateral commercial, industrial, commercial and craft chambers of Greece and Turkey, creating opportunities for business deals, including with Central Asian countries. Mediation ETEE can mediate in business differences, if requested to do so, and to offer its services to resolve the dispute amicably. Conferences The Chamber holds 10 to 12 business conferences every year in Greece and Turkey, alternately, facilitating business contacts between companies from both countries. Business missions More than 16 sectoral business missions are organized by the Chamber annually, to facilitate business relations between Turkeybased Greek entrepreneurs with their Turkish colleagues, in the context of international fairs held in Turkey. Sector International Fairs The Chamber participates in 100-120 sectoral international trade fairs annually, accompanying Greek businessmen. Members can participate to any of these events, with two representatives per event. The Chamber in cooperation with the organizing company cover the following: A. 5-star hotel costs for 2 nights with breakfast B. Transportation costs from the airport to the hotel and showroom daily C. Free ticket for entry to the exhibition D. Use of the exhibition center’s VIP room for business meetings E. Free meal at the exhibition center restaurant (applies for certain events)

CREATIVE GREECE 2017 - EXPORT LEADERS

Chief Executive Officer of DEPA

Theodoros Kitsakos Τhe role of DEPA in the Natural Gas Market DEPA, the leading company in the Greek natural gas market, continues to invest in expansion with the goal of including new regions in its network, while at the same time it focuses on significant international projects in order to enhance energy security in Greece and the SE Europe region .

DEPA’s contribution is especially valuable towards the longstanding goal of Greece to be a regional energy hub in SE Europe

Using its long presence in the Greek market as a stepping stone, DEPA advances the use of natural gas as a sustainable and clean fuel, while it helps Greece achieve its energy and climate goals for 2020 and beyond. Furthermore, DEPA’s planning has a distinct social dimension, which is all the more important in a time of economic hardship for Greek consumers. It should be noted that the price of natural gas was reduced in 2016 and in recent years, as a result of cheaper oil, but also through DEPA management’s negotiations with its suppliers. This was significant for Greek consumers, as they are now able to pay less for their supplies and have the ability to reduce their energy related costs. This is especially evident in the case of the industrial sector, which now enjoys much reduced bills compared to previous years. Equally important, cheaper natural gas made the transition from other fuels more feasible than before for all customer categories and therefore contributes to the lowering of carbon emissions of the economy as a whole. Through those developments, DEPA’s financial and capital standing has remained strong. The last year’s annual results are vigorous and so the company retains its ability to amass capital in order to finance its ambitious investment program without any problems. DEPA’s contribution is especially valuable towards the longstanding goal of Greece to be a regional energy hub in SE Europe. The country aims to transfer natural gas from the East to the West through TAP and Poseidon pipelines, but also through the Eastern Mediterranean fields to Europe through East Med pipeline, as well as into the Balkans through IGB and the planned Alexandroupoli LNG terminal. Natural gas played an important role this winter in averting an energy crisis in Greece Natural gas cemented its importance for Greece during 2016 and the beginning of 2017, not only as a bridge fuel for the energy transition toward a sustainable economy, but also as a reliable and flexible energy source which proved that it enhances energy security. Natural gas was the primary fuel used to cover excess demand during a period of extreme cold weather and energy shortages and provide adequate heating and power to citizens, businesses and industries. DEPA played an important part during the energy shortage that took place this January in Greece (as well as in many other European countries), since it managed, through careful planning and foresight, to supply the market with non-scheduled LNG cargoes through the Revithoussa terminal. DEPA foresaw the rise of demand for gas and promptly acted to increase LNG supplies. During the period of high demand (December 2016 and January 2017) that followed, DEPA arranged for the delivery of seven LNG cargoes, three of which delivered 110,000 cm of gas each. In total, natural gas consumption in Greece skyrocketed during December and January and reached 320 million cm versus 100 million cm in the same period last year. During the shortage, DEPA played a crucial role as the link between the natural gas and power market. The company took the initiative and managed to provide adequate quantities of gas despite high demand and a shortage of time. An extroverted international strategy which enhances regional and European energy security With energy security in mind and with a strong financial standing in hand, DEPA

CREATIVE GREECE 2017 - EXPORT LEADERS

carries on with its strategic planning in order to complete significant international projects, as well as its own internal market expansion. DEPA’s focus is both on the North-South natural gas route, as well as on the East-West route, when it comes to new pipelines and interconnections. DEPA’s strategic choice is to ally itself to other strong players in the market, both for the realization of important projects and for the supply of new potential customers. One successful example is DEPA’s collaboration with Edison in the Poseidon company (equally owned by DEPA and Edison), engaged in the development of gas infrastructure projects in South East Europe and is currently promoting the Interconnector Greece-Bulgaria (IGB), the Poseidon pipeline and the Eastern Mediterranean pipeline (EastMed). All the above projects have been recognized by the EU as Projects of Common Interest. The interconnector Greece-Bulgaria (IGB) is a key project for the SE Europe region, since it will enhance diversification of supplies and routes of Bulgaria and beyond. In November 2016, a successful market test for IGB was concluded, with five binding offers booking capacity for a total amount of 1.57 bcma was achieved. The regulatory authorities for Energy of Greece and Bulgaria have approved the relevant capacity allocation and in cooperation with the project company ICGB AD company (equally owned by IGI Poseidon and Bulgarian Energy Holding) are preparing a new process for the reservation of the un-booked capacity. The Poseidon pipeline, the offshore section of the Interconnector Turkey-Greece-Italy IGI POSEIDON (former ITGI), is designed as a multi-source import project that could substantially contribute to Europe’s security of supply through diversification of sources and/or routes. In relation to the East Med pipeline, all technical and economic studies conducted in 2016 by world class leading companies such as Intec SEA, C&M Engineering and IHS CERA concluded that the project is technically feasible, economically viable and commercially competitive. It is noted that the EU co-finances the development of preFEED studies through the CEF fund. The project is receiving a continuous and growing support on the political level by the Governments of Greece, Italy, Cyprus and Israel, as well as the European Commission. Last but not least, DEPA is a project coordinator in Poseidon Med II, which aims to take all the necessary steps towards adoption of LNG as a marine fuel in East Mediterranean, while making Greece an international marine bunkering and distribution hub for LNG in South Eastern Europe. DEPA follows through with the expansion of natural gas coverage in the Greek periphery 2016 was a year of progress when it comes to the expansion of the Greek natural gas grid and the further coverage of regions that lacked gas supplies until recently. The company’s strategy is customer-oriented, socially sensible, developmentally driven, contractually flexible and pricewise agile. DEPA expects that through this ambitious expansion plan and the increased use of natural gas in transportation, the expected added consumption for the next 15 years will be around 8 bcm, resulting in an average consumption increase of 0.7 to 0.8 bcm/ year and a subsequent reduction of over 50 Ktons of emitted CO2. Already, the gas supply of new locations and regions (islands, Epirus, Western Macedonia, etc.) is well under way using pipelines, ships and trucks. DEPA is also continuing to advance the use of natural gas as a transportation fuel, under the brandname FISIKON. During 2016, consumption was increased significantly compared to a year earlier, and during the first half of the year it was doubled. DEPA currently operates 10 CNG refuelling stations in various cities all over Greece, while more are under construction or in licensing phase in many cities.

CREATIVE GREECE 2017 - EXPORT LEADERS

Managing Director and Chairman of Athenian Brewery

Zooullis Mina

Creating value through our deeds

Athenian Brewery’s business represents approximately 0.7% of Greece’s GDP

At Athenian Brewery we believe in and subscribe to achieving responsible growth. We understand that we are an integral part of society and that we have a role to play within it. Over the past few years we have continually created value for Greece. This has been achieved through our passion for quality, innovation and leveraging the talent of our people. We are active in sustainable development through various projects that we undertake within our own market, but also in the broader economy. We believe that this is our responsibility towards Greek society. Today, Athenian Brewery’s business represents approximately 0.7% of Greece’s GDP. This is based on the latest independent value added assessment and incorporates an evaluation of the total activities in our value chain. It includes our investments, our exports, as well as our support to the Greek economy through our local raw materials sourcing program from Greek producers. A closer look at numbers indicates that our company has contributed 770 million euros between the years of 2011-2015, through taxes collected and paid. At the same time, our total contribution to employment is estimated at approximately 27,000 direct and indirect jobs. With regard to investment, we remain one of the most consistent investors in Greece. Indicatively, our new plan for the next three years (2017-2019) totals 61 million euros. 95% of our suppliers are Greek companies and our products follow a strictly “Greek route”. This is founded on our philosophy “From Barley to Bar”. It begins with our Local Barley Program, through which our company covers 100% of its production needs from Greek barley. Here, we have developed, for the first time in Greece, two new barley strains which provide improved yields. These are the Andromeda and the Thessaloniki barley strains. They have been developed in conjunction with the Agricultural University of Athens, which at the same time also conducts research for us to improve barley yields in general. Despite various challenges, our aim is to grow and develop the entire Greek beer market. For this reason, we have placed a lot of focus on innovation. Our approach is to create new consumption occasions through the introduction of different kinds of beer. Our overall goal is to ensure that beer remains a simple and affordable pleasure for the Greek consumer. Athenian Brewery has more than 40 years of presence in international markets, being the biggest beer exporting company in Greece. Today, we produce in Greece for the world, with our products travelling to all five continents. In 2015 we implemented a major deal regarding the production of Heineken for the dynamic markets of China and Italy. It is worth mentioning that in 2015, the export activity of Athenian Brewery totaled 25 million euros, accounting for 20% of our total volume produced. It is our commitment to continue along this same path, building on all opportunities that arise. We follow a clear strategy and actively contribute to the revival of the Greek economy. Our main target is to participate in building a sustainable and productive future for all – and this is perfectly summed up in our motto: “We Create Value”.

CREATIVE GREECE 2017 - EXPORT LEADERS

President of the Greek Association of Industries and Processors of Olive Oil (SEVITEL)

Gregory Antoniadis Greek olive oil, a goldmine?

It is absolutely imperative to establish Greek olive oil as synonymous to a premium and powerful, packaged olive oil brand

Since 1993 --and even more systematically since 2003-- SEVITEL has been actively involved in any export initiative expressed through national or EU programs. In fact, it was the first sector association in Europe to become active in promoting olive oil through EU programs. SEVITEL has already implemented 8 such programs, in at least 11 EU and 7 non-EU markets. These programs are co-funded by the European Union (50%), Greece’s Ministry of Agricultural Development and Foods through state budget (20%) and by SEVITEL (30%). The results are positive both in quantitative and qualitative terms. From 10,000 tons of branded olive oil exported in 2005, today we have reached 30,000 tons – a 200% increase. I personally feel that the qualitative difference in product distribution is even more important. Greek olive oil is no longer distributed solely through the traditional shops of the Greek Diaspora, but it is present in many retail chains and modern distribution networks, “confronting” the Italian and the Spanish olive oils on an equal basis. Also, where before 2005 the organic olive oils of specific origin were almost non-existent in the exports’ product portfolio, today they hold an important part of it. International markets are still growing for olive oil and in some countries, especially European ones, there is a specific demand for Greek olive oil. So, it is absolutely imperative to establish Greek olive oil as synonymous to a premium and powerful, packaged olive oil brand, and remove the “stigma” that it is a “good raw material for Italian olive oil.” SEVITEL’s proposals regarding the above necessity include the following: ● We must implement a cohesive national strategy and integrated intervention measures for the development of the sector. What we are just recently trying to promote, other competing countries like Spain have already done since the early 90s. There is no time for delays. ● E veryone involved in the olive oil supply chain – from the producer to the packer and exporter – must understand the importance of developing and growing the market for Greek olive oil, beyond simply producing it. There is room for production only when there is a market to sell to. The opposite is not the case. ● We have excellent quality, we have vacant capacity, and therefore we need to invest in market growth especially abroad. ● I ncentives for mergers and creation of economies of scale should be the new motto in our policy. ● We must ensure the much-desired liquidity for the industry, and give a priority to exports. We cannot afford to waste neither a market nor a load due to funding inability. We need a co-ordinated national and collective visibility and promotion program. Let’s follow the example of our competitors, like Spain, that has introduced a small, per kilo of olive oil, retention fee, for financing the promotion and building the image of Spanish olive oil worldwide. Times have changed, the markets have opened up, international competition has intensified, the other olive oil producing countries are progressing rapidly and new producing countries are dynamically joining the world market. Many to-the-point characterizations have been attributed to Greek olive oil, such as “national product”, “unexploited national wealth,” etc. It is high time now that we handle it with actions, just like it deserves. For the olive oil packing and export companies that SEVITEL represents, the key strategic thrust and prerequisite for their sustainable development is to stay extrovert and focus on building branded products by taking advantage of the promotional programs SEVITEL undertakes worldwide.

CREATIVE GREECE 2017 - EXPORT LEADERS

The history of SEVITEL commenced in the year of 1964 entitled “PANHELLENIC EXPORTS’ ASSOCIATION of OLIVE OIL”, by representing mainly the export of olive oil from industrial companies. In its current form, structure and organization and under the name “PANHELLENIC ASSOCIATION of INDUSTRIALISTS: PROCESSORS – EXPORTERS of OLIVE OIL” was functioned from 1981. After amending the initial Regulation of the Association, in the General Meeting of 1992, the name was changed in “GREEK ASSOCIATION of INDUSTRIES and PROCESSORS of OLIVE OIL” with the distinctive title SEVITEL, as it remains until today. SEVITEL is a non – profit organization and the leading body representing private industry in the field of Olive Oil in Greece, claiming a fifty - year old history. SEVITEL’ s numerous members include the largest Greek processing and packaging industries as well as Olive Oil Exporters. With the purpose of aiding its members in the production and marketing of a quality product, it is immediately involved in activities conducive to the overall amelioration of the sector. Collaborations with other Federations : SEVITEL is a Member and collaborates with the Federation of Greek Industries (SEV) in sector-based on industrial subjects, with PSE (PanHellenic Exporters Association) on issues processes and disincentives of exports, with SEVE (Exporters’ Association of Northerner Greece) and the IOBE (Institute Economic and Industrial Researches). SEVITEL, collaborates also with EBEA (Industrial and Commercial Chamber of Athens) on issues of information, marketing etc, with the Association of Anonymous Companies and LTD, as well as with the HEPO (Hellenic Foreign Trade Board) on issues of promotion in the foreign markets and more specifically for the promotion of Greek olive oil in the markets of USA, CANADA and AUSTRALIA. Additionally, SEVITEL works with the other Professional Association ESVITE (Hellenic As-

Discover the GReat olive oil. A world of taste Olive Oil Olive oil has become synonymous with the very essence of the healthy Mediterranean diet. The numerous health benefits, deriving from the olive fruits nutrients, turn olive oil into a daily necessity that should not be missing from any table. Olive oil offers you the treasure of health and taste, through its high quality. Extra virgin olive oils stand out for their exquisite taste, the intense aroma, the fruity flavor of freshly picked olives and their rich and spicy texture. A TOP quality healthy juice Extra Virgin Olive Oil is a completely natural product, a juice that comes from the first pressing of olives. It has the richest aroma and deepest flavor of any edible oil or fat. It has acidity (oleic acid) of less than 0,8gr/100gr. The colour varies between golden yellow and deep green. All its special characteristics are due to the variety of the olive, the soil, the microclimate, the terrain morphology, the altitude and the cultivation practices. Taste Olive oil is the only edible oil that offers a variety of natural flavours. You can choose the taste you like between mild, semi-fruity, fruity, bitter, pungent and sweet olive oils. Olive oil tasting is an art equal in terms of complexity and difficulty with wine tasting. It requires highly skilled and well trained experts and is carried out through a strict and detailed procedure and scoring card created by the International Olive Council (IOC).

CREATIVE GREECE 2017 - EXPORT LEADERS

The good olive oil has good taste and smell. The aroma can be fruity or remind green apple, fresh green grass, chamomile or marjoram. As for the taste, look for bitter and spicy. This is an intense feeling, characteristics of Greek olive oil produced in the beginning of the season. The taste spreads throughout the mouth and eliminates a few second after test, unlike the rancid oil, whose flavor is very disturbing and maintained for much longer. Easy Tips : An extra virgin olive oil is always superior in terms of quality. ● Fruitiness, a sensation of freshly cut olive fruits and leaves when smelling the olive oil ● Spiciness, a peppery sensation at the back of the throat and a slight “burning” on the throat when tasting olive oil ● A pleasant hint of bitterness felt at the upper part of our mouth and tongue when tasting olive oil Acidity It is one of the key criteria for the quality of olive oil, the lower the acidity the better the quality of olive oil. Free fatty acids form the oil acidity : the higher the acidity the more fatty acids. In general, olive oils that have good flavor and smell have also low acidity, below 0.8% When you see a bottle of olive oil, read the label carefully. The wording is strictly controlled. A producer can only label ‘extra virgin olive oil’ under certain circumstances. The following descriptions will appear on labels: ● Extra virgin olive oil: Superior category olive oil obtained directly from olives and solely by mechanical means (Acidity Max 0.8o) ● Virgin olive oil: Olive oil obtained directly from olives and solely by mechanical means (Acidity Max 2o) ● Olive oil composed of refined olive oils and virgin olive oils: Oil comprising exclusively oils that have undergone refining and oils obtained directly from olives (Acidity Max 1o) ● Olive – pomace oil: Oil comprising exclusively oils obtained by treating the product obtained after the extraction of olive oil and oils obtained directly from olives or oil comprising exclusively oils obtained by processing olive pomace oil and oils obtained directly from olives (Acidity Max 1o) ● Olive oil of Protected Designated Origin (PDO): Oils bearing the name of the regionthey are originating in with particular organoleptic characteristics which distinguish them from olive oils produced in other regions. ● Olive Oil of Protected Geographical Indications (PGI): Oils bearing the name of the region to which they owe their reputation and of which production and processing is carried outexclusively in this area. Is color important ? Experts say no. The color just has to do with the chlorophyll and is not related to the quality or the biological value of olive oil. Health Olive oil, this precious fruit of the blessed olive tree has beneficial qualities not only because of its composition but also because of the ratio of its ingredients. Olive oil is a key component of the Mediterranean Diet. Olive oil is a pure fruit juice, high in monounsaturated fats, which are called “good” fats. It is also rich in vitamins A, D and K, and vitamin E, which is a major source of protein needed in the fight against free radicals. Olive oil is the core of the Mediterranean Diet and has been established as the diet that promotes health and increases longevity. Use Now that you know why you should replace any other oil you use to cook with olive oil, you should know how to keep it fresh to the last drop : ● Buy small quantities so that you always have fresh olive oil ● Store it in a cool, dark place ● Avoid heat, light and air exposure because it will begin to oxidize and loose its fruit flavors. Gastronomy Olive oil is the main fat in the Mediterranean diet. It can be used in cooking or pastries, in many forms such as: raw for salads and marinades, for sautéing and baking as well as for frying. Gives your dishes an extra taste.

CREATIVE GREECE 2017 - EXPORT LEADERS

❱❱❱ sociation Of Olive Oil Packers), for the promotion of common objectives and mainly dealing with the problems of olive oil marketing. Finally, SEVITEL participates in the National Interprofessional Organisation of Olive oil and Olives (EDOEE) for the publicity and promotion of olive oil consumption. Under the legal status of a Professional Association it performs the following : ● It is the legal representative of the industry before all authorities - national and European (EU). ● It follows national and EU legislation and issues guidelines to its members regarding standards and EU Regulations. ● It informs and assists members in questions of promotion and legislation via trained personnel. ● It sets up expert committees and Advisory groups regarding the quality features of Olive Oil. ● It functions as a data bank on issues related to the olive oil market (both national and international). ● It is linked to the Greek Trade Offices worldwide. ● It contributes to the overall promotion of the Greek Olive Oil in the international market, in cooperation with the Enterprise Greece ● SEVITEL is also widely involved in financing the scientific research regarding the specific attributes of Olive Oil in relation to health. SEVITEL, among other things, is a member of: ● The International Olive Council Advisory Committee on Olive Oil and Table Olives; ● The Advisory Committee on Oils and Fats – Olive Oil Section of the European Commission; ● FEDOLIVE (European Federation of Olive Oil Industries); Contact details The entire range of SEVITEL activities in combination with the efforts made by the entire sector for the growth of the Greek Industry of olive oil, have led to the recognition of qualitative supremacy of Greek olive oil around the world.

Olive oil has a high smoke point, 210 degrees Celsius and doesn’t degrade as quickly as many other oils do with repeated high heating. The use of olive oil is no longer limited to areas where the olive tree is growing like the Mediterranean basin. Nowadays it has come to represent quality cooking almost all over the world. More and more top quality restaurants embrace the basic elements of the Mediterranean Diet and serve bread with olive oil and olive paste instead of butter, as they used to do in the past. What does Greece mean for world olive oil production ● 120 million producing olive trees ● Yearly average production: 350 thousand metric tons (16% of world production) ● Greece is the largest producer of Extra Virgin Olive Oil worldwide: 80% of its production is Extra Virgin olive oil ● Its value amounts to 1.4 billion Euros (subsidies from EU included) Main Areas of Production: ● Peloponese: 35% ● Crete: 30% ● Mitilini: 5% ● Ionian Islands: 5%

+ +

+ + +

+ +

+ + +

+ +

YEARS

CREATIVE GREECE 2017 - EXPORT LEADERS

Production Process Olive farming Olive trees are farmed in a number of countries in the region surrounding the Mediterranean sea, both in Europe, Asia (e.g. Turkey) and North Africa. However, 93% of olive production comes from Greece, Spain and Italy and is a highly important crop for these countries. For example 60% of the Greek land is used for olive tree cultivation. The latin term of the olive tree is Olea Europaea and there is a large number of olive tree cultivars, producing oils whose flavors differ, but only slightly. The olive harvest In European Mediterranean countries the olive oil harvest begins in November and can last until December but sometimes may go on to January or even February. At the beginning of the season the olives are green and at their most ‘peppery’ flavor. They get darker in color as they ripen further and their flavor mellows. For most connoisseurs green olives make the best, most pungent oil with strong grassy, vegetable flavors but good oils made with black olives can be found too. To make the best extra virgin olive oil, the olives are harvested by hand. Large nets are spread under the tree, and then the farmers use sticks to shake the ripe olives from the trees. Sometimes you will see the workers up in the tree itself, removing every last one. The least damage to the olive during harvest, the better the oil. Bruising or heat will raise the acidity in the olive fruit, and spoil the flavor of the oil. Collection and transportation The olives are collected in sacks. Hessian is used so the crop can ‘breathe’ and stay cool as it is transported to the olive press (the plant where the oil is made). Ideally, the press will be close to the olive grove because the best extra virgin olive oil is made within just a few hours of picking. The olives are finally taken to the mill where they may be stored for a while to allow them to heat up a little and helping release the oil from the crushed fruit. However, the storing should be no longer than a day or so. The olives are then washed to remove leaves, twigs or earth, and crushed to produce a homogenous mixture from which the liquid can be extracted. The paste obtained by crushing the olives is kneaded mechanically to help the amalgamation of the minute droplets of oil found in the pulp. This resulting mixture is a combina-

CREATIVE GREECE 2017 - EXPORT LEADERS

tion of liquid (oil and water) and solids (pulp and stones). Then the oil is extracted either by the traditional method (mechanical pressure) or by the continuous method where extraction is entirely by centrifuge. Here the paste is spun at high speed to separate the flesh from the oil. Both methods are equally good. When the oil has been separated from the water, the first cold pressed virgin olive oil is left, which is a totally pure product because it is untreated. Cold pressed means that the temperature during the oil extraction process has been controlled not to exceed 27o C. No other vegetable oil is edible just by being pressed. All other oils have to be treated first because they contain toxins or are not suitable for human consumption in their natural state. The phase of collection and trasportation is a very busy time for the producing countries. You will see the streets leading to a press lined with waiting sacks from neighbouring farms. Trucks pass busily back and forth to the groves. It is a time for â&#x20AC;&#x2DC;all hands to the pump;â&#x20AC;&#x2122; everyone is involved â&#x20AC;&#x201C; men, women, school age children. Festivals follow the harvest to celebrate the safe gathering of this valuable asset. Bottling and storage The newly pressed oil is then ready to be bottled. Olive oil is commonly stored in dark bottles or cans, to protect it from being exposed to light which affects the flavor. It is also important to keep the olive oil cool after pressing. Heat will damage the flavor; the lovely peppery notes for which extra virgin olive oil is so famous will disappear. Labeling Extra virgin olive oil is the correct term for the oil made during the first pressing. This is the highest quality, purest, healthiest oil. Oil made from subsequent pressing, or by using heat extraction or any other refinement, will be classed as lower grade oil and subjected to strict labelling laws. History & Tradition Origins The true origins of the olive tree are lost in time though archaeologists believe that there were trees growing in the Mediterranean area as long as 60,000 years ago. Even though wild olives must have been gathered in the past, no one has been able to agree on when and where the first trees were farmed. However, the oldest equipment for storing olive oil is dated back to 3,500BC and was found in Crete. The remnants of ampoules found on the island have led to the claim that it is the place where the first trees were actually cultivated. Olive oil tradition Every child hearing the story of Noah and the Ark for the first time will remember the Dove carrying the olive branch as a message of peace. Olive trees are intricately linked with the history of civilisations. Even in places where the olive tree does not grow, the fruit of olive trees has great significance.

CREATIVE GREECE 2017 - EXPORT LEADERS

Essential trees Olive trees were not just prized for the nutritional value of their fruit. The oil was also used as fuel for lighting and the wood as firewood, as furniture material and for construction purposes. Crushed olives (after the oil pressing) were most likely fed to the domestic livestock and the oil was often used as an ointment or body rub (olive oil is still used in soap making). Iconic status The preciousness of the olive tree has made it a natural icon. The ancient civilisations made offerings of olives to the Gods, and the trees’ beauty and meaning has been frequently symbolised in art, jewellery, literature and sport. Athletes competing in the Olymic Games were always presented with a wreath of olive twigs; they also used the oil as a lotion on their bodies. A charming aspect of the 2004 Athens Olympics was the sight of the winning athletes once again being crowned with an olive wreath as they received their medals. Ceremony The religious tradition of respect towards nature has led many different religious factions to worship the olive tree and its fruit. Olive oil is used in burial ceremonies, baptisms, harvest festivals. Sailors sprinkle it on stormy seas, believing it will bring calmness. Even today in Greece, a newborn baby is presented with the gift of a new olive tree. Healing properties Olive oil has always played a vital role in medicine. The early Christians believed it could heal wounds; it has been used to cure fever, treat poisoning, whiten teeth, heal skin diseases including leprosy - and even as an aphrodisiac. In Britain, before olive oil became a common cooking ingredient after 1960, many people associated olive oil as a cure for earache while british cooks who wished to prepare a recipe in the 1950’s using olive oil had to buy it from a chemist, not a grocery store! Economic importance Olive oil migrated with the help of the great seafaring nations. The Phonecians travelled with great ampoules of oil, perhaps even to Britain. The Romans, convinced of the health properties in olive oil, took the trouble to make sure it was widely distributed throughout its Empire. Since then the production of olive oil has never failed to be an essential factor in the economies of the main producing countries.

CREATIVE GREECE 2017 - EXPORT LEADERS

ENTERPRISE GREECE ENTERPRISE GREECE is the official agency of the Greek State, under the supervision of the Ministry of Economy & Development, to showcase Greece as an attractive destination for investment and to promote the highly competitive products and services produced in Greece for export. Enterprise Greece assists foreign investors and enterprises to do business with Greece, troubleshoots issues related to the public administration, provides key information about Greece as an investment destination and promotes the investment sectors in which Greece excels. In addition, it promotes Greek products and services to the global marketplace, helps Greek businesses reach new markets, find new business partners, and become more competitive and attractive.

Velissarios Dotsis, Chief Executive Officer of Enterprise Greece

Association of International Freight Forwarders & Logistics Enterprises of Greece (IFFAG&L) represents international freight forwarders and logistics enterprises The IFFAG&Lâ&#x20AC;&#x2122;s purposes are: a) The development and facilitation of the national and international transport as well as logistics services of the country, through the Greek forwarding and logistics enterprises, in collaboration with their counterparts abroad, resulting in the development of the national economy. b) The study, protection and promotion of moral, financial and professional interests of its members and to develop a spirit of solidarity and mutual support between them. c) The study, promotion and support of issues related to the transportation and services logistics. d) The promotion of the profession, which is determined to provide services related to the organization of freight transport (land, sea, air or combined), to make aware the general public of the importance in a free and thriving society and in a supply chain management IFFAG&L is an ordinary member and represents legally FIATA (International Federation of Freight Forwarders Associations), while it has been recognized in Greece as the representative of the freight forwarding profession and it is the official interlocutor with public and private sector on matters relating to the freight forwarding and logistics.

CREATIVE GREECE 2017 - EXPORT LEADERS

Expert Advisor INCOFRUIT – HELLAS

George Polychronakis Exports of fresh fruits and vegetables show growth in 2016 compared to 2015 to the tune of 12,2% in value and 23,7% in volume

Demand is expected to exceed supply once domestic consumption is restored to its precrisis levels

Exports of fresh fruit and vegetables rose in 2016 by 23,7% in volume compared to 2015 reaching 1.634.483 tons. Value rose by 12,2% to €984 million, according to the latest figures of ELSTAT analyzed by INCOFRUIT-HELLAS

Exports of Fruits & Vegetables, 2016 compared to 2015 2016 Value in € Volume in tns Product 198.827 VEGETABLES, FROZEN ETC 156.493.410 FRUITS AND NUTS FRESH OR DRIED 827.520.034 1.435.656 TOTAL 984.015.460 1.634.483

2015 Value in € Volume in tns 167.519 138.004.209 738.656.232 1.154.159 876.662.456 1.321.678

% change 2016/2015 Volume Value 13,4% 18,7% 12,0% 24,4% 12,2% 23,7%

Source: Analysis INCOFRUIT - HELLAS based on data from ELSTAT

During 2016, exports of fruits soared in volume by 24,4%, and in value by 12% and amounted to 1.435.656 tons and €827,5 million reaching a new record. Vegetable exports increased by 18,7% in volume compared to 2015, totaling 198.827 tons. Value increased by 13,4% reaching €156,5 million. Top fruit performers were oranges with 58,7%, mandarins with 32,3%, kiwi with 28,6%, peaches with 18,7% and strawberries with 11,4% above 2015. The disproportionate increase in lemons is due to a sharp rise in demand following an overall shortage in all producing countries. Similarly vegetable top performers were potatoes with 37,9%, peppers with 11,1% and tomatoes with 15,4% in terms of volume.

EXPORTS OF FRESH FRUITS & VEGETABLES in 2016 compared to 2015 Product Potatoes Tomatoes Cucumbers & gherkins Peppers Oranges Mandarins (including tangerines) Apples Watermelons Strawberries Kiwi Peaches Nectarines Apricots Cherries Lemons

2016 2015 % CHANGE 2016/2015 Value in € QTY TONS IN EUROS IN TONS QTY TONS Value in € 37,9% 60,7% 19.031 5.685.015 26.238 9.134.428 15,4% 3,7% 35.693 13.378.753 41.180 13.879.402 8,3% 14,2% 35.581 23.516.687 38.534 26.863.474 11,1% 15,5% 18.994 24.713.374 21.100 28.548.276 58,7% 59,3% 290.138 173.587.682 460.322 108.956.251 32,3% 28,7% 96.358 42.545.945 54.770.189 127.472 -4,9% -13,8% 93.622 38.889.866 89.057 33.541.796 5,1% 1,1% 169.668 43.853.695 44.339.317 178.371 11,4% -8,6% 20.391 30.564.559 22.708 27.943.664 28,6% 9,8% 100.830 76.391.357 83.861.003 129.682 18,7% 17,3% 83.953 40.575.527 99.611 47.607.113 7,6% 13,7% 64.091 32.172.414 68.945 36.590.834 61,4% 34,3% 10.013 10.528.717 16.166 14.140.228 -35,6% -25,3% 24.921 41.921.622 16.038 31.329.668 305,2% 279,6% 6.130 3.536.133 23.268 14.329.817

Source: Analysis INCOFRUIT - HELLAS based on data from ELSTAT

CREATIVE GREECE 2017 - EXPORT LEADERS

In terms of volume Greece has a relatively static overall production of fruits and vegetables with only seasonal variations between the various products (approx. 7.5-8 million tons annually). Nevertheless exports have increased dramatically over the last decade: from 1.027.568 tons valued at €718 million in 2007 to 1.634.483 tons valued at €984 million in 2016. The tendency for 2017 shows a possible further increase (mainly in value). The domestic fruit and vegetable market in Greece is relatively small. Furthermore, the purchasing power of Greek con-sumers has been hit hard by the economic recession which is now in its seventh year. Thus, any trade growth for fresh fruit and vegetables is largely dependent on exports. Initially, our products found markets in neighboring Balkan countries where they were viewed as cost effective options. As the economic recession became felt even in more affluent countries of Western Europe many consumers in those countries opted for lower-priced products. Meanwhile, some of the more outgoing Greek exporters have improved their technology and using brands and protected geographical indications have gained added value for their products. Greek exporters have not been deterred by the loss of the Russian market, which was significant for some products. As a counter measure sales to other EU and third countries have increased. Pressure on prices from other supplier countries during 2016 should be cause for concern as regards commercial policy and lead to possible further expansion (e.g. countries in South East Asia by accelerating bilateral phytosanitary protocols agreements). For the same period we saw a decrease in imports: vegetables fell by 6,5% in volume but increased in value by 0.5% while fruits dropped by 0,6% in value while recording an increase of 2,1% in volume – mainly due to tropical fruit (pineapples, bananas, dates) but also apples & pears.

Imports of F&V 2016 compared to 2015 2016 Value in € Volume tons Product 280.851 VEGETABLES, FROZEN ETC 189.648.792 258.089 FRUITS AND NUTS FRESH OR DRIED 308.277.464 538.940 TOTAL 497.926.256

2015 Value in € Volume tons 300.222 188.793.498 252.759 310.016.421 552.981 498.809.919

% change 2016/2015 Value Volume 0,5% -6,5% -0,6% 2,1% -0,2% -2,5%

Source: Analysis INCOFRUIT - HELLAS based on data from ELSTAT

Drawing a strategy: the chronic lack of strategy in agriculture is deeply felt both at the production and trade levels as well as in exports. This is particularly true for the vegetable sector which has seen export figures triple in the past 20 years. Demand is expected to exceed supply once domestic consumption is restored to its pre-crisis levels. Necessary actions: Increase in production volumes supplemented with new varieties  Crop planning  Fruit and vegetable trade structure  Updating the supply chain  Strengthening and development of producer organizations We believe the current Community regulations on crisis management and trade and in particular EU import regulations will soon be reviewed and improved towards restoring the principle of Community grown product preference so as to restore balance in the EU market. Review of imports from third countries into the EU: we should return to the original ideas and values which promoted preference to EU grown products. If this is achieved, placing uniform requirements in terms of cultivation and consumption in each Member State then the EU will absorb more of its own production and at higher prices.

CREATIVE GREECE 2017 - EXPORT LEADERS

President of the Hellenic Association of Chemical Industries

Vassilis Gounaris Chemical industry is a solution provider

More than 400 chemical enterprises, contribute 7% to Greek manufacturing, employing more than 13,000 people and contributing 11% to total exports

Notwithstanding the products offered to consumers and professional users, the chemical industry supports almost all industrial sectors and comes forward with innovative solutions by: ● Contributing on issues that have a bearing for society, such as climate change, health, environment, energy saving ● Reinforcing employment with quality job posts and balance of payments with value adding product exports ● Placing safe products on the market compliant to REACH regulation and the rest chemical legislation. More than 400 chemical enterprises, contribute 7% to Greece’s manufacturing, employing more than 13,000 people and contributing 11% to the country’s total exports. After a prolonged period of economic recession, there are still opportunities to further reform Greece’s economy and benefit from the advantages of being a member of European Union and the Eurozone. There is still the potential for Greece to be an attractive place for investment. Manufacturing and exporting products should be among the national priorities. First priority issues for the Hellenic chemical industry are: ● Access to capital and cost reduction of taxes and employers’ social security contributions that sometimes even posing a justifiable threat to their viability ● Access to raw materials without the existing burdening cost and access to reasonable low cost energy ● Access to capital for Research & Development Review of the legislative framework governing everyday business operation. Today, legislation is scattered and outdated, and clinging to bureaucracy does not promote entrepreneurship. Greece has an excellent geographical position and well-educated and trained workforce (scientists and engineers). Greece’s economy has to obtain an extroverted identity as soon as possible in order to be able to stand and gain a dynamic presence on international markets.

CREATIVE GREECE 2017 - EXPORT LEADERS

GREEK CHEMICAL INDUSTRY’S CONTRIBUTION TO THE NATIONAL EXPORTS The Hellenic Association of Chemical Industries (HACI) represents the Greece-based enterprises of the chemical industry. Greece’s chemical industry counts more than 400 enterprises mainly small and medium, with annual turnover of 2.4 billion euros, contributing 6.9% to the country’s total manufacturing. The sector annuallyt spends some 0.7% for R&D. The seven year recession of Greece’s economy has seriously affected not only the chemical sector but also the entire manufacturing industry. Since 2013, there have been signs of an improvement, with the chemical production index getting better than the total manufacturing index.

Industrial production index: 2008 - 2015 (base year: 2010) 120 115 110 105 100 95 90 85

Production of chemicals products Greek Industry

2011

2012

2013

2014

2015

2016

2017

2018

Imports and exports of chemical raw materials (in mill. euros), 2011-2015 2011 2012 2013 2014 2015 % 15/14 % 15/11 1,036.03 908.36 875.47 917.40 914.76 -0.3% -11.7% 176.08 161.57 156.96 149.63 165.76 10.8% -5.9% -859.96 -746.79 -718.51 -767.76 -749.01 2.4% 12.9%

Product Imports Exports Trade Deficit Source: ELSTAT

Though the trade balance of chemicals is negative, chemical product exports have a significant contribution, almost 11% of the total Greek exports: In 2015, in spite of a lack in liquidity because of capital controls, chemicals managed to achieve an increase in exports by 10.7%. Ιn 2016, exports are expected to be slightly better compared to 2015.

Industrial production index: 2008 - 2015 (base year: 2010) France

Other countries

2.5%

20.7%

Tunisia

Bosnia & Herzegovina

3.6%

22.7%

Turkey

3.6%

Italy

Bulgaria

Source: ELSTAT

3.8%

Slovakia

10.9%

18.9% Slovenia

Source: ELSTAT

14.1%

Chemical production in Greece is fully compliant with EU legislation (REACH, CLP, etc.), while chemical enterprises keep a high qualified personnel, and even in tough times are spending on innovation to improve their products and services. In spite of its high public debt, Greece as a member of the Eurozone, could improve its financial competiveness, with exports being an index of success. Chemical Industry supports many sectors of the Greek economy, such as agriculture, mining, building materials, etc.

HELLENIC ASSOCIATION OF CHEMICAL INDUSTRIES - HACI In the last few years, the Hellenic chemical industry, eventhough it forms only a small part of the world leading European chemical industry, presents a more than double rhythm of growth against the total of Greece’s industry and constitutes 7% of the countr’s overall industrial production. Export activity has intensified in the past few years, with major infiltration in Balkan countries and the Mid-East. Chemical products exports contribute 11% to total Greek exports. The Hellenic Association of Chemical Industries (HACI) was founded in February 1994 by Greece’s 28 biggest chemical production, storage, and trading companies. Since June 1994, HSCI is a full member of the Brusselsbased CEFIC (European Chemical Industry Council). The 88 direct member companies of HACI are mainly Greek enterprises, the majority of which are small- to medium-sized businesses. Also, members of the Association are subsidiary companies of multinationals with production in Greece. The enterprises of the sector are characterized more as downstream users of chemicals than producers of basic chemicals. HACI members also include five sector-based Associations: The Hellenic Association of Industrial and Medical Gases (HAIMG), the Hellenic Crop Protection Association (HCPA), the EPS Hellas (expanded polystyrene producers), the Hellenic Coatings Association, and the Association of Fertilizers Producers and Traders. The chemical industry in Greece produces: ● Basic Chemicals in a limited degree ● Construction chemicals, Paints – Varnishes & Printing Inks, Bituminous products ● Styrene – Polymerization Products ● Detergents ● Chemicals for textile industry ● Industrial gases The chemical companies adhere to a maximum degree to the models and certifications applied in each group of products and are compatible and suitable for promotion in foreign markets. They also posses the required know-how regarding compliance with legislation on safety of production, distribution and use of products: ● ISO 9000 , ISO 14000 and ISO 50001 ● Responsible Care ● ECO Label ● CE ● MSDS/IMO/ADR ● Various rewards and distinctions Chemical enterprises invest in research and development of technical applications of their products so that they satisfy the continuously evolving requirements of customers.

CREATIVE GREECE 2017 - EXPORT LEADERS

President of Greek Wine Federation

George Skouras «Wines of Greece: With an eye into the future»

“…. there is still a great need for modernization of Greek wine legislation“

The Greek wine industry, despite the difficult economic situation that Greece has faced in recent years, including last year’s imposition of an excise duty on wine, has endured and continues to increase its presence in the global market. There has been a significant increase in the number of wineries in Greece, as the number has doubled since 2008 to 1000 wineries now producing wine. This movement has been fueled by a new generation of winemakers, trained at the best schools around the world, who have returned home to discover the potential of their rich treasure of indigenous grape varieties. In many cases, the winemakers are continuing the tradition of their parents and grandparent’s businesses in the agricultural industry. Although there has been a serious effort to modernize the Greek wine industry, there is still a great need for modernization of Greek wine legislation. The future generation of the Greek wine producers should be allowed to expand their businesses without the obstacles that the current bureaucracy has created for us. The application of an excise duty on wine in 2016 has created a chaotic situation in the industry, which the government imposed virtually overnight and without consulting the wine sector. No similar duty exists in any other country in Europe, except for France, where the tax is only 3.8 cents per liter. The excise duty in Greece began at 40 cents per liter, but was eventually cut to 20 cents, after a quick and aggressive intervention of the Greek Wine Federation. But, even with this reduction, Greece’s small wineries have been hit the hardest, since the tax is collected not only on wine as it is sold, but on wine in tanks, barrels and bottles destined for possible future sales. In addition, the requirement that wineries, no matter the production size, must invest

in a bonded warehouse is a tremendous financial liability. Due to the efforts of the Greek Wine Federation, at least small wineries have been given the ability to pay the excise duty in installments. Ultimately, however, the Greek government created serious problems within an industry that has flourished and has been one of the bright spots for Greek exports. Due to the economic crisis, there has been aggressive actions by the Greek government to find ways to raise money to pay for the EU bailout, unfortunately, from industries in the private sector, like wine. Of course, the government greatly overestimated the amount of revenue they would collect from the wine sector due to inadequate planning and research. One consequence, which lead to the reduced tax revenue collected from wines, was the increase of illegal wine distribution, mostly in an attempt from producers to save their businesses. Some producers routinely take advantage of the lack of adequate legislation and little government enforcement of existing controls to profit from illegal sales of wine, at the expense of the government. Fair tax legislation, agreeable to the government and the wine industry, when properly enforced, would create a stable environment for the winemaker, while increasing tax revenues for the government. This should have been done long ago and would have precluded any need to arbitrarily establish an ill-timed excise tax. In any case and against extreme odds, the Greek wine sector continues to grow and expand into international markets, one of the benefits caused by the difficult situation that the producers of quality Greek bottle wine have faced in the domestic market. Indeed, and in addition to growing exports, there has also been a trend in the domestic Greek market for increased consumption of quality Greek bottled wine.

CREATIVE GREECE 2017 - EXPORT LEADERS

Domestic wine production (1995-2015*) Vinous period

Total domestic wine production

Change

1995-1996 1996-1997 1997-1998 1998-1999 1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015*

3.85 4.109 3.987 3.826 3.68 3.558 3.477 3.098 3.804 4.295 4.093 3.9 3.511 3.869 3.366 2.95 2.75 3.115 3.343 2.8

26.20% 6.70% -3.00% -4.00% -3.80% -3.30% -2.30% -10.90% 22.80% 12.90% -4.70% -4.70% -10.00% 10.20% -13.00% -12.30% -6.80% 13.20% 7.30% -16.20%

Source: ELSTAT

Progress of wine imports per category (2011-2014)

2011

2012

2013

2014

Value Quantity Value Quantity Value Quantity Value Value 19.55 10.779.078 32.881 13.075.695 20.891 Sparkling Wines White + Red 10.059.444 23.727 9.637.529 PDO White 3.310.088 29.984 3.252.723 23.409 3.382.208 19.519 4.284.939 32.728 6.098 3.412.905 21.278 5.052.655 11.882 7.76 1.735.396 Red 1.874.216 4.65 4.864 1.050.198 4.264 1.080.916 PGI White 1.426.710 10.059 1.152.248 1.982 715.795 1.726 562.12 3.482 8.342 2.051.968 Red 1.852.663 121.354 677,28 500 127.214 359 584.226 Variety Wines White 1.48 116.255 21.204 61,14 965 138.615 485 75.815 2.651 Red 148.292 Other White 1.917.066 39.698 3.867.036 70.575 2.937.518 49.475 2.588.884 58.438 Red 2.358.241 55.002 1.577.981 26.079 1.883.254 28.282 1.012.587 20.728 Alc/vol > 15% White + Red 2.060.691 9.351 2.145.437 15.774 2.829.090 20.462 2.487.283 10.694 Total 25.123.666 188.054 26.080.359 170.075 27.132.918 179.952 30.410.594 162.731 Source: ELSTAT

Greek wine exports 2009-2014* COUNTRY GERMANY USA FRANCE CANADA CYPRUS BELGIUM U.K. Κ ΧΩΡΕΣ CHINA AUSTRIA AUSTRALIA POLAND SWITZERLAND ITALY RUSSIA SWEDEN DENMARK JAPAN Other countries TOTAL

2014 2014 Price/ 2009 2009 Price/ Change Change Value Litres Litre Value Litres Litre in VALUE in LITRES 26.363.919 13.912.431 1,89 26.517.354 14.045.812 1,89 -1% -1% 8.244.876 1.912.506 4,31 5.937.838 1.723.954 3,44 39% 11% 5.466.760 3.702.182 1,48 6.247.636 4.035.669 1,55 -12% -8% 3.658.728 981.007 3,73 2.366.722 854.33 2,77 55% 15% 3.366.082 1.140.969 2,95 2.687.179 592.166 4,54 25% 93% 2.464.470 994.789 2,48 2.679.933 1.136.970 2,36 -8% -13% 2.273.953 904.622 2,51 1.366.456 348.861 3,92 66% 159% 1.752.246 795.194 2,2 1.878.417 899.614 2,09 -7% -12% 1.147.872 275.604 4,16 152.894 78.859 1,94 651% 249% 1.105.559 508.823 2,17 957.901 308.301 3,11 15% 65% 847.922 263.078 3,22 525.513 254.133 2,07 61% 4% 725.3 583.232 1,24 841.66 540.401 1,56 -14% 8% 701.65 160.755 4,36 921.173 265.208 3,47 -24% -39% 431.319 428.024 1,01 947.795 1.851.312 0,51 -54% -77% 413.076 256.79 1,61 728.775 402.021 1,81 -43% -36% 412.635 154.05 2,68 542.73 162.259 3,34 -24% -5% 224.666 99.421 2,26 455.01 229.935 1,98 -51% -57% 191.361 47.104 4,06 68.829 19.572 3,52 178% 141% 2.864.858 1.025.349 2,79 2.015.529 2.656.623 0,76 42% -61% 62.657.252 28.145.930 2,26 57.839.344 30.406.000 1,90 8% -7%

GREEK WINE FEDERATION PROFILE The Greek Wine Federation (GWF) was established in 1995, when the historic Federation of Greek Wine and Spirits Industries was divided into two distinct sections, one for the wine industry and one for the spirits industry. Since then, GWF operates as a non-profit organization. As an institution dealing solely with wine, it represents the interests of the wine industry in Greece and abroad. The Greek Wine Federation, among others, aims at: - Developing the production and distribution of Greek wines and vinicultural products through research and technological innovation, in order to achieve a high quality production - Safeguarding and promoting the interests of the wine industry, while dealing with the Greek State, the European Union and international institutions - Promoting the products of the wine industry in the internal and the external markets with the establishment of a coherent national policy on wine - Cooperating with the European and International Institutions on wine production or relevant sectors, in order to promote the interests of the Greek wine production. The member companies of the Greek Wine Federation produce 75% of the total volume of wine produced in Greece and export 95% of bottled Greek wine.

Source: ELSTAT

CREATIVE GREECE 2017 - EXPORT LEADERS

President of Greek Mining Enterprises Association (GMEA)

Athanasios Kefalas A thriving sector

The extractive industry is a particularly significant economic activity for Greece being a significant GDP contributor

Greek Mining Enterprises Association (GMEA) is the collective expression of the major Greek extractive enterprises that extract, explore, and exploit the mineral resources of the country. GMEA represents the Greece’s extractive metallurgical industry in interactions with the State and the European institutions. GMEA was established to systematically support entrepreneurship in the industry and pursue effective cooperation with Public Administration for the sustainable and safe-at-work exploitation of the mineral resources of the country. Minerals constitute a source of competitive advantage the national economy and a driver of regional development. Throughout a history spanning more than 90 years, the members of the Association have acquired high quality expertise, applied highly sophisticated environmental mining and rehabilitation techniques, innovated in developing new products, and consistently looked abroad for growth. Greek mining industry has an important contribution to the Greek Gross Product, high share in the country’s exports and a significant positive contribution to employment especially in certain regions. In the future, the Greek mining industry has the potential to be an important driver of growth and increase the competitiveness of the national economy thanks to worldclass reserves of mineral raw materials, the important geographical advantage in the global supply chain, the highly qualified human capital, and developed infrastructure and facilities. The Greek extractive industry: a rising champion The extractive industry is a particularly significant economic activity for Greece being a significant GDP contributor, a top employer as well as a driver of national exports. Mining also provides minerals that are key prerequisites for other significant domestic economic activities, such as electricity generation, domestic metallurgies, cement production and construction. The following figures illustrate the materiality of the industry for the Greek economy:  T otal turnover of the extractive industry was €2.42 billion in 2015 versus €2.31 billion in 2009 (beginning of crisis). Despite the drastic reduction in cement production, aggregates and energy minerals, the overall revenues have slightly increased thanks to the production of marbles, basic metals, bauxite, some industrial minerals (pumice, perlite, bentonite) and concentrates of mixed sulfur ores  T otal contribution of the extractive industry to GDP estimated at €4.1 billion (2.2% of GDP). Taking into account electricity generation using lignite (extraction of which is a key activity of the Greek mining industry), contribution to GDP reaches €6.2 billion (3.4% of GDP)

CREATIVE GREECE 2017 - EXPORT LEADERS

Export Value of mining industry 1000 900

mil. euros

800 Greek extractive industry is extremely extrovert. The value of exports reached 1.23 bil. 700 euros in 2015, exceeding 51% of the total turnover of the industry. This 600orientation is 500 particularly strong primarily in products such as: marbles, industrial minerals, metals 400 300 and secondarily in cement. 200 100 0

2008

2009

The following charts depict the break-down of the exports of the Greek extractive Metals industry, per mineral and per country.

2010

Metallic Minerals

2011 Cement

2012 Industrial Minerals

2013 Marbles

Source: Greek Mining Enterpises Association, Activity Report 2014. Eurostat

Exports to sales in mining industry (%)

Export Value of mining industry 1000

100

900

800

mil. euros

700 600

500 400

300 200

100 0

2008 Metals

2009

2010

Metallic Minerals

2011 Cement

2012

2013

Industrial Minerals

Marbles Source:

Source: Greek Mining Enterpises Association, Activity Report 2014. Eurostat

2008

2009

Metals

2010

Metallic Minerals

2011 Cement

2012 Industrial Minerals

2013 Marbles

Greek Mining Enterpises Association, Activity Report 2014. Eurostat Data Processing: IOBE

Exports to sales in mining industry (%)

At the same time, the mining industry has been a resilient and responsible employer. 100 The % employment in extractive industry approached 16,200 full time equivalents in 80 2015. Thus, the share of the sector’s employment in Greek Industry has increased from 2.9% in 2007 to 4.5% in 2015. The total contribution of extractive industry in the 60 employment is estimated to 118,000 FTEs (3.4% of domestic employment). 40

Thanks to the solid foundations laid during the past decades, the future outlook of the 20 industry is particularly bright. 0

2008 2009 2010 Enterprises 2011 Association 2012 2013 are planning more than The members of Greek Mining (GMEA), Metals Minerals Cement Minerals Marbles €1.7 billion worth Metallic of investments over theIndustrial next few years, most of which scheduled for 2017-2018 Source:

Greek Mining Enterpises Association, Activity Report 2014. Eurostat Data Processing: IOBE

Roughly half of total sales are abroad - mainly in Europe; 75% of total sales in the products that are exported to a diversified group of countries Exports in value terms per country of destination, 2014

Exports in value terms per country of destination, 2014 Mixed Sulphides

Perlite

Other mineralls

Bauxite

4% Other Countries

Italy

19%

17%

Cement

20%

Romania

Germany

Poland

France

Bulgaria

Betonite

Aluminium

19%

Alumina

10%

United kingtom

USA

Turkey

China

Marbles

In a globalized economy the Greek Extractive Industry and Metallurgy operates in an increasing competitive global environment. In order to remain a key contributor to Greece’s economy and support its growth, the Greek Administration and GMEA must work alongside ensuring the full implementation of the National Minerals Policy (NPEMRM) and the establishment of a comprehensive Spatial Land Use Planning for the Minerals and the related activities, as well as providing stable economic and political environment, effective permitting procedures, fast and coherent legal decisions.

Nickel

11%

19%

3,0

250

2,5

200

2,0

150

1,5 100

1,0

GPD (bn euros)

RM Sales and Exports (bn euros)

GPD, Raw Material Sales and Exports Evolution

0,5

2004

2005

2006

2007

2008

RM Sales

2009

2010 RM Exports

2011

2012

2013

2014

GPD

CREATIVE GREECE 2017 - EXPORT LEADERS

President of the Greek Canners Association (EKE)

Konstantinos Apostolou Global Challenges

It took great effort on the behalf of the Greek fruit canning industry to conquer first place.

Openness is the key feature of the Greek Fruit Canning Industry. Almost all of its production is sold abroad: approximately 70% to EU markets and 30% to non-EU markets. Greece is still the Leader in world exports of canned peaches, followed at a distance by China. Naturally, world trade operating conditions decisively influence our efforts. Our main concerns are: ● Currency exchange rates, especially between the euro and the US dollar. ● Free trade agreements and trade barriers, mainly tariffs. ● Unfortunately, lately, the dramatic historic changes in international balance, showcased by BREXIT and the new US administration Developments in the above mentioned factors affect our exports remarkably, not only in terms of volume, but also in terms of value, which is our main concern. Therefore: ● The weakening of the euro compared to the US dollar for some time now enhances the competitiveness of our products. Even more so, if we take into account that our competitor countries’ currencies (South Africa, Chile, Argentina) have the US dollar as reference currency. This of course is not the case for China which is by itself a different player and a hard one to tackle. ● Often, we fail to place our products in markets that were traditionally considered as customers, like MERCOSUR countries, (Argentina, Brazil, Paraguay, Uruguay). This is due to the high tariffs our products face, rising to 34 pct. On the other hand, systematic EU efforts have succeeded in minimizing or eliminating tariffs in countries if the Andes and Central America, giving us new alternatives. ● The striking political developments in Great Britain and the US are particularly worrying. Great Britain is an important market for canned fruits. Until now, Greece and Spain had an advantage in this market, because of our common EU membership. However, BREXIT could change this. Moreover, one of our main competitors, South Africa, is part of the British Commonwealth, a fact that might result in an advantage for that country. Meanwhile, the new US administration cancels negotiations on the creation of a single trade area with the EU. Today, European canned peaches face 18% import duties in the USA and struggle to compete against Chinese products. While the negotiations took place, we hoped for a reciprocal elimination of tariffs between EU and USA. Now, concern and anxiety have replaced optimism. Exporting was never easy. It took great effort on the behalf of the Greek fruit canning industry to conquer first place. Today, while having in front of us a very promising

CREATIVE GREECE 2017 - EXPORT LEADERS

season, we intensify our efforts. We implement promotional programs for European canned peaches all over the world; from Canada to Indonesia and from China and Russia to Bolivia. The EU further rose funding of these programs, to 85% of value. Our excellent cooperation with the services of the Ministry of Agricultural Development responsible for these programs is given. However, the particularly negative economic environment in the country, lack of liquidity, banking system weaknesses, delays in transfers expected by government organizations are some of the factors that make our job more difficult. Yet, in our industry, we are fighters. This year, we expect a season with sufficient raw material and even more, quality raw material. This will be our most powerful weapon to maintain and improve our position in the global market.

Greek Exports of Canned Peaches in tons

2010 E.U. THIRD COUNTRIES TOTAL

2010

196,796 190,697 179,488 175,087 77,485 84,525 101,001 84,029 274,281 275,223 280,490 259,116

2010

131,414 150,506 93,812 102,703 225,226 253,210

Greek Canners’ Association Presentation The Greek Canners’ Association (EKE) was founded in 1996. Its aim was to represent business organizations that produced canned fruits (mainly peach, but also pear, apricot and fruit cocktail). Today, EKE represents 17 organizations that produce not only canned fruits as mentioned before, but also peach and apricot puree and frozen fruits. Most of the facilities are located in the prefectures of Pella, Imathia and Larissa. Fruits are sourced from the prefectures of Pella, Imathia, Florina, Pieria, Larissa, Argolida and Korinthia. More than 12,000 families of farmers produce these fruits, while more than 10,000 people are employed in the factories, whether full-time or seasonally. The final products of our members are almost all exported (more than 98%). This results in an annual income of €300 million to €400 million for Greece. Greece continually ranks first in the list of canned peach exporting countries worldwide. EKE is a very active member of PROFEL, the European Association of fruit and vegetable processors, and has been representing Greece in the World Canned Deciduous Fruit Conference since 1996.

CREATIVE GREECE 2017 - EXPORT LEADERS

President of Greek Federation of Honey Packers, Distributors and Exporters

Giorgos Pittas

Greece a bee-keeping country Setsem Profile SETSEM (Greek Federation of Honey Packers, Distributors and Exporters) was established in 1983 as an “Association of Persons,” under the auspices of SEVT (Hellenic Federation of Food Industry), as its sectoral organisation. Since then it became a member of the National Interprofessional Organisation of Honey & Other Beehive Products, FEEDM (Federation Europeenne Des Emballeurs et Distributeurs de Miel) and ESTIA (Cooperative for the Promotion of Greek Gastronomy). SETSEM objectives are to promote Greek honey and to cooperate with all apiculture organisations in Greece and abroad, and is the main representative of Greek honey packagers and exporters. SETSEM members include: 1. ATTIKI - PITTAS SA 2. ELLINIKI ETAIREIA MELITOS SA 3.DELFOI SA 4. KAVOURAS P. & CO GP Hellenic Apiculture Center

Greece is a primarily a bee-keeping country, with a tradition of thousands of years in apiculture, mainly the result of the excellent environmental and weather conditions that prevail, the exceptional and variable bee forage of the country, and the belief Greeks have, i.e. that honey is the food of the Gods. The comparative advantages of Greek honey, compared to international competition, are: ● The large number and rich variety of pollen grains it contains ● its excellent organoleptic characteristics that are mainly the result of the rich wild vegetation ● the nomadic bee-keeping of Greek bee-keepers, who move their beehives from one location to another, depending on what plants are blossoming each time ● the correct bee-keeping practices observed by Greek bee-keepers. In general, apiculture, whether as an exclusive or secondary business, is a sector of agricultural economy that contributes significantly to the income of agricultural and other families. Our country’s main problem is the absence of any programs for promotion of honey to markets abroad, resulting in foreign consumers knowing very little about the excellent quality of Greek honey. Another negative factor is the high price of the Greek honey, that is caused by the high production cost, and the fact that the state should assist exporters, facilitating red-tape procedures between countries, and mainly between Greece and third countries. Exports are now accomplished thanks to the persistence of export companies, assisted by the personal efforts of the responsible employees, and unfortunately not by the general orientation of the state. The state is obliged to support the efforts of organised and established companies because they will open the way for others to follow suit. Finally, this will help protect the product’s good name, which is at stake when products are exported by amateur and ignorant exporters, who thus defame the country.

5. ERGASTIRI MELIOU President of SETSEM is Mr George Pittas, who is the vice-president of FEEDM (Federation Europeenne Des Emballeurs et Distributeurs de Miel) and in 2017 will begin serving as its president.

Export Activity Exports in recent years have reached approximately 1700 tons of branded and bulk honey, both Greek and non-Greek, most of it intended for re-export. Greek honey is exported practically across the globe. The members of SETSEM (Greek Federation of Honey Packers, Distributors and Exporters) export only branded Greek honey. Among SETSEM members, the greatest volume of exports is made by ATTIKI - PITTAS SA, which has been exporting the awarded ‘ATTIKI Greek honey’ since 1930 to more than 37 countries.

CREATIVE GREECE 2017 - EXPORT LEADERS

Doctor of the Athens University of Economics

Maria S. Psimouli Nation Branding: The Business World at a Macro-Level

The approach of nation branding has been strongly criticized by academics and practitioners, especially on the basis of analogizing nations to products and commercializing ideas such as culture, originality and authenticit

Within the contemporary, international, competitive environment, nations are constantly required to respond to a dynamic social and economic framework that resembles a lot a commercial marketplace. Nations compete against each other for resources (i.e. commodities, labor) and alliances (political or trade) that could establish and enhance their competitive advantage, while many concepts and practices of the business world are consciously applied to a national level. Among these concepts, one can find the term “branding”, which refers to the management of the total experience customers have with a product or service through its points of differentiation from direct and indirect competitors. According to the American Marketing Association the term “brand” is defined as “a name, term, design, symbol, or any other feature that identifies one seller’s good or service as distinct from those of other sellers,” while researchers highlight the linkage between brands and associations in the public mind. At a national level, this concept has evolved to become “nation branding” and attempts to embrace all aspects of a country that shape its reputation and image abroad, by communicating attributes that distinguish national identities from each other and affect perceptions of international audiences towards a country. As relevant terminology one could also mention “place branding”, applying mainly to regions and cities, as well as “destination branding”, used particularly in the research field of tourism and referring to regions and cities. The approach of nation branding has been strongly criticized by academics and practitioners, especially on the basis of analogizing nations to products and commercializing ideas such as culture, originality and authenticity. Country names are associated with certain positive or negative meanings, images and stereotypes in people’s minds all over the world. This means that a country’s nation brand is linked to the country’s international image and reputation, even if the country does not invest any formal effort in managing its nation brand. Associations may result from various sources, such as tourists’ personal experience, purchases of products made in the country, movies, history and media, while they may rely on information that is representative of the country under question or not. Consequently, a country that does not manage its own nation brand is allowing international audiences and other nations to shape its brand image upon their interests, risking to end up with an international reputation that will be deviating from reality. Similarly to product or service brands that are considered valuable intangible assets for any corporation, nation brand relates to the economic future of a country, while it is also considered a shield against crises and negative publicity. This is more than rationale if one takes into account the fact that all business and commercial decisions (i.e. investments, tourism) are made by people and people are affected by the stereotypes and associations present in their mind or memory network. Due to the multidimensionality of its nature, nation branding is shaped and affected by a great number of stakeholders. As a result, its management requires a holistic approach, a multi-level perspective and a long-term commitment by all parties involved. Summarizing the research that has been published in the field, one could say that a nation’s brand consists of five pillars that include many sub-pillars each. More specifically, the main pillars of a nation’s brand include Economy (exports, tourism, foreign investments, research and development), Natural Environment (landscape, geographical location, environmental culture), Culture (history, art, sports, people, mentality), Governance (state policies and political leaders) and Nation Brand

CREATIVE GREECE 2017 - EXPORT LEADERS

Professor of Marketing in Athens University of Economics & Business

George J. Avlonitis

Ambassadors abroad (media, Diaspora, celebrities). In order to manage let alone enhance a nation’s brand it is crucial to take into account all above areas of interest. It is important to explore and combine their unique attributes, identify and improve their weaknesses, merge the parts in a meaningful whole and create a strong platform that will link perceptions with reality. Moreover, in business it is all about customers and their satisfaction. So, applying business concepts at a national, macro-level requires alignment of strategy with an international audience and focus of objectives at selected target groups. All relevant concepts, such as competition and differentiation are also present, demanding from the manager of the nation branding process to demonstrate managerial skills, to promote cooperation among multiple stakeholders, to monitor progress, to evaluate performance and to ensure that the targeted customers are placed in the epicenter of the whole procedure. As a result, it seems to be a foregone conclusion to assume that nation branding connects to the competitiveness of a country at a global level and could be used as a strategic planning tool by any government that wishes to maintain or improve its country’s international competitive position. Of course, the stage of economic development of each country is an important factor that suggests different approaches per case. However findings of a global research conducted by the authors, based on data from 80 countries in various stages of economic development under a 4-year period, reveal that macro-perspectives of nation branding and nation competitiveness can be associated under the prism of economic development. Indeed, the link between Nation Branding (as it is measured on the basis of nine pillars namely, Exports, Tourism, Foreign Direct Investment, Governance, Media, Diaspora, Culture, Science, Environmental Performance ) and Nation Competitiveness ( as it is measured with the Global Competitiveness Index of the WEF) emerged in all stages of economic development and time periods . Another interesting finding of our study is that four pillars of nation branding, namely, Governance, Exports, Tourism and Foreign Investment, are highly interrelated indicating that the openness of the economy of a country is not restricted only to exports, but it is reflected also in an efficient state governmental policy as a prerequisite for the attraction of foreign direct investment and tourists. Also, our research proposed a new ranking approach of nations according to the value of their nation brand that was calculated on the basis of comparability among nations. The outcome of these calculations was collated to the ranking of countries according to their Global Competitiveness Index, as it is published by the World Economic Forum. The study led to a dynamic relation of ranking profiles to competitiveness positions and highlighted the major pillars of focus for each country according to its current and aimed position. Following the findings of the nation brand value measurement, Greece was found to range between the twenty-sixth and the twenty-eighth position during the four-year period under study, while Luxemburg, Singapore and Switzerland dominated the top positions. In summing up, it is clear that putting nation branding into action assumes an extrovert-oriented governmental policy that would trace all actions around the axis of global competitiveness, exploiting all positive characteristics of a country, aiming to improve all weaknesses and transparently communicating progress to both internal and external audiences. Quoting Socrates, “the way to gain a good reputation is to endeavor to be what you desire to appear.”

Our research proposed a new ranking approach of nations according to the value of their nation brand that was calculated on the basis of comparability among nations.

CREATIVE GREECE 2017 - EXPORT LEADERS

President of The Association of Greek Dairy Industries (SEVGAP) Dr.

Christos Apostolopoulos

Message to the state and politicians in general: Please take measures to protect the tradition and history of this country. Do not dare to sell it off again for any reason. The much-needed growth of this land is not achieved by creative or non-accounting management of Greece’s public debt. Growth can only be achieved by making full use of the comparative advantages of our country as it has many of such advantages.

It is a very dynamic sector that combines a tradition of thousands of years with modern technology, and has nothing to envy from European or other developed countries

The Association of Greek Dairy Industries (SEVGAP) was established in 1983 as the official body to represent the common position and views of the Greek Dairy Industry at a national, European and world levels. Its members today represent the biggest part of the Greek production and trade of dairy products (milk, creams, yogurt, cheese, etc.). SEVGAP is a member of the European Dairy Association (EDA) and also member of the Greek Food Industries (SEVT) and cooperates with all the respective Associations of the other member States of the European Union. The contribution of the dairy sector to the Greek Economy is quite significant, as the food sector accounts for as much as 6% of Greece’s enterprises, 17% of total turnover, 16% of the value of production, 13% of the gross added value and 11% of the total working force. However, the related professions are far more. Only the dairy farms that supply us with milk are more than 60,000. It is a very dynamic sector that combines a tradition of thousands of years with modern technology, and has nothing to envy from European or other developed countries. The dairy sector’s importance for Greece’s economy, especially in the general food industry, is clearly shown in the table below:

The dairy sector's importance for Greece's economy

13% 6% 11%

14% 5% 11%

16% 5% 17%

20%

2% 6% 10% 4% 3% 1%

7% 12% 1% 11%

7% 11% 1% 10%

Number of enterpises

Turn over

61%

5% 16%

Nalue of production

10% 2% 11%

26%

34%

4% 13% 5% 13% 1% 7%

4% 11% 5% 12% 1% 9%

Gross added value

Number of employees

Meat

Fish

Fruits & Vegetables

Fats & oils

Dairy

Mills Products

Bakery

Other products

Source: Food Industry - Figures and Numbers 2015, IOBE

14% 3% 13%

CREATIVE GREECE 2017 - EXPORT LEADERS

With regard to yogurt, Greece’s exports (both in volume and value) in the past year recorded a significant increase (Graph A & B). But since 2011 the relative value of exports (expressed in €/ton) appears to be on a good course, as the value received by the export yoghurt business for the same amount of yogurt is seen to increase annually (Graph C). However, since 2015 the index seems to be stagnant, and if 2016 (9-month) figures are taken into consideration, the index is alarmingly on a declining course. Nevertheless, the potential of yogurt is literally huge. The overall worldwide turnover of Greek yogurt is in the order of $4 billion! And in this market, where Greece should be the only player, it is not even the most important player. Greece is literally non-existent, with its share in this huge, 4-billion-dollar market being smaller than the 10‰! Greece has been unable to capitalize on this value and the fabulous reputation of Greek yogurt. The reason is of course because we allowed all foreigners and other Europeans to trade upon the world’s probably best brand name of a dairy product, by producing other types of yogurt that they call “Greek yogurt”. What is unprecedented in this scandalous and unfair competition is the recent announcement by the Czech Republic of legislation stipulating two yogurt categories (the «Greek Yogurt» and the «Greek style» or «Greek Type Yogurt»)!

65.000

Export volume (tns)

60.000 55.000 50.000 45.000 40.000 35.000 30.000 25.000

2011

2012

2013

2014

2015

2013

2014

2015

The value of yogurt exports per year 180.000 160.000

Export value (mln €)

Feta cheese output has been stable for several years at 95,000 to 100,000 tonnes. However, feta exports increased in 2016 reaching as much as 52,000 tonnes (out of an overall production of 112,000 tonnes). But while this appears to be a positive sign of growth, in fact it is not, considering that the average price of exported feta cheese in 2016 was only 5.9 euro/kg. Feta cheese exports was a enforced choice because of the domestic market’s recession. The low price of feta cheese is of course attributed to the fact that foreign markets are flooded with cheap imitations of feta cheese, and Greece, instead of fighting such products, it formalized them by co-signing treaties such as between the EU and South Africa and EU and Canada, through which Greece’s rights on feta cheese were inexplicably and unacceptably assigned to the saboteurs of the original feta cheese price!

Yogurt export volume by year

140.000 120.000 100.000 80.000 60.000 2011

2012

The relative value of yogurt exports per year Relative value of exports (€/tns)

The sector’s domestic growth has regrettably been in recession for the few past years, including 2016 (-8.5%). SEVGAP’s belief is that growth can only come through openness and extroversion. In this direction, the products with the highest export potential is mainly feta cheese and yogurt.

2.700 2.600 2.500 2.400 2.300 2.200 2.100 2011

2012

2013

2014

2015

2016

CREATIVE GREECE 2017 - EXPORT LEADERS

Chairman, SEPEE

Vassilis Masselos Emphasis on exports - liquidity - employment

... in the present economic situation an increase in exports is the only strategy...

The course of the Greek economy and the ongoing economic crisis for the seventh consecutive year have dramatically affected Greeceâ&#x20AC;&#x2122;s apparel-textiles industry. In the period 2009-2015 the decrease in clothing consumption in Greece exceeded 52%, which in absolute figures means that the specific market loses some 4.3 billion euros annually (from 8.5 billion euros in 2009 to 4.2 billion euros in 2015). The continuing capital controls, additional heavy taxation measures, and the lack of liquidity combined with the cost of money and the very high unemployment, have created a exceptionally negative economic environment that seems unlikely to change soon. Therefore, in the present economic situation an increase in exports is the only strategy that could ensure medium-term sustainability and growth for Greek enterprises. The Hellenic Fashion Industry Association (SEPEE) proposed a national action plan for the fashion sector (clothing, footwear, textiles) in three main areas: export growth, enhancing liquidity and increasing employment. The growth of exports should be done in a purely sectoral approach, in sectors with internationally marketable products. The utilization of any resources should to be done through targeted interventions, realized exclusively by sectoral associations which have proven experience in extroversion actions and are in direct contact with the export businesses. At the same time, liquidity needs to be boosted by speeding up the VAT refund to exporters and the provision of low-interest loans to enterprises that implement extroversion actions and investments. Also, there should be an immediate reduction of the corporate tax, which is currently very high and deepens recession and ultimately reduces tax revenue. A very large competitiveness problem is the high cost of energy, especially natural gas, which leads to the de-industrialization of the country and should be reduced to the levels of other neighboring countries. Finally, SEPEE revoices its request for the creation of Special Economic Zones (SEZ) at the border with Bulgaria and FYROM, which would offer competitive taxes and service costs. The SEZ will help the repatriation of many Greek businesses and create thousands of jobs within the Greek borders, with multiplied effects on the Greek economy.

CREATIVE GREECE 2017 - EXPORT LEADERS

About The Hellenic Fashion Industry Association (SEPEE)

The situation today The T/C sector remains one of the 3 most important industrial sectors in Greece

The Hellenic Fashion Industry Association (SEPEE) is the main representative of Greece’s apparel and textile industry. It was founded in 1973 as a non-profit organization. Headquartered in Thessaloniki, with a branch office in Athens.

KEY FIGURES 2016 GREEK TEXTILE & CLOTHING INDUSTRY

2,350 25,000 28,000 60,000 3.0 billion € 1.2 billion € 4.3 billion €

Companies (manufacturing) Employment (manufacturing) Employment (trade) Employment (farmers) Turnover Exports Retail sales (Greek market)

total 113,000

Members ● Full members: Apparel companies. ● Associated members: Textile companies, dyeing & finishing companies, trade, services, associations. ● 300 members ● All the major companies in the sector

Geographical concentration

Thessaloniki

45% companies /employees 51% turnover 80% exports Athens

35% companies / employees 40% turnover 10% exports 50% retail sales

Evolution of textile & clothing exports in Greece Period 2011 – 2015

in mil. €

2011 2012 2013 2014 2015

D% 2015/ 2011

Clothing

552.4

515.2

552.1

567.1

534

-3.3

Textile

418.9

366.6

364.6

295.9

316.8

-24.4

Cotton, silk, wool & other fibres

264.2

451.2

385.9

369

351.4

+33

1,235.5

1,333

1,302.6

1,232

1,202.2

-2.7

Total

Services SEPEE: ● Promotes its members’ interests in national & international organizations and governing bodies. ● Represents the sector at European (Euratex) and international (IAF) level. ● Represents the care symbols (GINETEX) in Greece ● Has developed infra-structure for the sector such as: training center for the apparel and textiles companies, the Greek Somatometric Institute, and the Apparel & Shoes Observatory (KEAK) ● Participates in European projects beneficial to its members. ● Organizes fairs, shows and commercial missions in Greece and abroad. ● Represents international fashion exhibitions in Greece. ● Develops integrated marketing plans. ● Facilitates contacts between members and foreign buyers ● SEPEE publishes the “GreekFashion Magazine” journal, as well as other publications such as: the guide of the Apparel Manufacturers studies and researches statistical data ● Administrates and maintains the sectoral portal www.greekfashion.gr Contact Details:

18a, Ermou St., GR-54624, Thessaloniki, Greece Tel.: 2310 257 075 Fax: 2310 257 076 E-mail: info@greekfashion.gr

CREATIVE GREECE 2017 - EXPORT LEADERS

President of Greek Aluminium Industry (GAI)

Ageliki Papageorgiou The Greek Aluminium Industry: Building excellence with Aluminium

The Greek Aluminium Industry accounted for 5,6% of total Greek exports in 2015

Aluminium (Al) is a widely used, environment-friendly material. It is extracted from bauxite through an industrial process. Though it was discovered in France in the 19th century , it can also be considered as a Greek product. The Greek terra was in the top10 of countries worldwide by bauxite deposits and 11th in bauxite mining in 2014. Since Greece is so rich in Al raw material, it was from the very beginning “a fertile ground” for the Greek Aluminium Industry to develop over the years and make an impressive progress. Nowadays, the Greek Aluminium Industry (GAI) is a totally verticalized industry, consisting of bauxite mining companies, metallurgical grade and hydrated alumina, smelters of primary and secondary producers of aluminium, rolling producers, extruders, other semis’ producers and end-users. The Greek, domestic market, due to the growth of the Greek economy during the 1990’s and 2000’s, had a big share to the GAI; the building industry was able to absorb to a large extent the capacity of the industry which was growing more and more. The Greek debt crisis put an end to all this fairytale. The building industry collapsed – 104,000 new building licenses in 2007 vs. the disappointing 13,000 in 2015 – and all the industry had to adopt to the new market status through extroversion and innovation. An important part (extrusion and rolling section) of the industry made impressive results by altering its orientation; the exports’ rate increased from 55% in 2007 on to 75% in 2015, as a result of an increase of 110,000 metric tons throughout the world from the US to Eastern Europe and from the UK to Africa and Australia. The Greek Aluminium Industry accounted for 5,6% of total Greek exports in 2015. This is a touchable “success story”, considering the capital controls, the lack of liquidity due to the bank system’ s paralysis and the volatile business environment inside. Regarding the years to come, aluminium use worldwide spreads rapidly in more fields, especially in the automotive industry and aerospace. The Greek aluminium exporters are ahead of new challenges. The Greek Administration has to focus on putting the bank system “back to the rails” to increase liquidity and sort out any open issues about loans. It is also necessary a stable tax environment; on the one hand, this will increase the reliability of the Greek economy and the Greek enterprises respectively. On the other hand, it will assist Greek exporters to stabilize their cost of sales and improve themselves in comparison with the international competition. The Greek state should also take care of the Custom Authorities and simplify their standard operating procedures to become more flexible and, thus, be supportive to exports. The Greek Aluminium Association strongly supports the efforts of its members towards extroversion and at the same time is by-the-side of that part of the industry that could not invest on exports due to the business nature (e.g. aluminium fabricators). With the hope that the worst days belong to the past, all the stakeholders of the industry, on the back of their record of touchable achievements, stare the future with optimism.

CREATIVE GREECE 2017 - EXPORT LEADERS

ALUMINIUM SECTOR EXPORTS EVOLUTION (tons) 500.000

250.000

2009

2010

2011

2012

2013

2014

2015

ALUMINIUM SECTOR EXPORTS EVOLUTION (tons) 500.000

250.000

2009

2010

2011

2012

2013

2014

2015

ALUMINIUM SECTOR: EXPORTS and COMMERCIAL BALANCE EVOLUTION (â&#x201A;¬) 1.500.000.000

1.000.000.000

500.000.000

2009

2010

2011

2012

EXPORTS

2013

2014

Profile The Aluminium Association of Greece (AAG) was established in 1985 and its members include industries and unions covering all the phases of aluminium production and processing. In more detail, AAG members cover the following sectors: Alumina production, primary and secondary aluminium production, rolling industry, extrusion industry, cables, anodizing and coating and enduses ( beverage cans, doors/ windows). AAG represents the interests of the aluminium industry and among its objectives is the promotion of the Greek aluminium products in the domestic and international markets. AAG acts as the communication channel of the sector to the Public Authorities and other stakeholders. AAG is member of the European Aluminium (European Aluminium Association - EAA) and has close cooperation with the corresponding associations of other European countries. AAG is also a founding member of AAG-NPC, an accredited Certification Body (ISO/IEC 17065) for granting the QUALICOAT and QUALANOD labels.

2015

COM. BALANCE

CREATIVE GREECE 2017 - EXPORT LEADERS

SESMA BoD Chairman, President & Managing Director STOCHASIS SA Management Consultancy

Vassilis Regouzas

Greek exports: Developments in the period 2010-2016 and prospects for future growth

Direct Investment (FDI), export activity in Greece is expected to accelerate in the period 2017-2030

Greek exports of goods and services, following a robust growth in the period 1996-2008, reached their peak in 2008, at a level much higher than in Italy, Spain and Portugal, as shown in the following diagram, countries that the IMF refers to as peer group. This growth was also due to the exceptionally high growth of earnings from international transportation (mainly from shipping). Comparative development of exports of goods and services in the period 1996-2015 Then, in 2009 (the year when Greece lost credibility due to the bursting of its fiscal bubble), there was a huge fall in Greeceâ&#x20AC;&#x2122;s exports of goods and services, which again was mainly due to the substantial fall of earnings from international shipping. From 2010 onwards the Greek exports of goods,

tourism and exports of other services have registered a satisfactory increase, with earnings from international shipping falling again dramatically in 2015 as a result of capital controls. Given the above, the recorded low rate of growth in exports of services in the period 2010-2015 was solely the result of the drop in earnings from shipping, and had nothing to do with the international competitiveness of the main productive sectors of the domestic Greek economy. This high growth of exports excluding earnings from shipping also occured in a very depressing anti-growth and anti-export period for Greece and it was combined with the precipitous fall in Greek imports of goods and services. Therefore, the import content of Greek exports in 2015 was substantially lower than in 2008. More specifically:

Exports of goods and services: Percentage increase in 2015 compared to 2008

Ireland Exports of goods Exports of services Exports of goods and services

90.4% 75.9% 84.9%

Greece

Spain

Italy

Portugal

20.4% -14.5% -2.2%

25.0% 10.3% 20.4%

7.3% -7.2% 6.4%

30.4% 27.2% 28.9%

Spain

Italy

Portugal

25.7% 19.2% 23.7%

17.8% 9.3% 16.2%

32.5% 27.3% 31.1%

Exports of goods and services: Percentage increase in 2015, compared to 2010

Ireland Exports of goods Exports of services Exports of goods and services

74.8% 56.4% 67.0%

Greece 28.9% 1.3% 14.4%

CREATIVE GREECE 2017 - EXPORT LEADERS

Comparative development of exports of goods and services in the period 1996-2015

The Hellenic Association of Management Consulting Firms (SESMA) was founded in January 1991 by 23 leading Consultancies in Greece. Today SESMA numbers 52 members, including the large Greek firms and the international firms that operate in Greece. SESMA members represent more than 85% of the total turnover of the consulting market in Greece and employ more than 2,000 highly skilled and experienced consultants.

2,90 2,70 2,50 2,30 2,10 1,90 1,70 1,50 1,30 1,10

Greece

Spain

Euro area (19 countries)

From the above table, it is now evident that exports of goods in Greece performed quite well in the period 2010-2015 and have also registered an additional 10.6% yoy increase in January-September 2016. In any event, exports performed much better than Italy and also better than Spain, and a little less well than Portugal. Moreover, export earnings from external tourism (in real terms) in 2015 were 45.8% higher than 2010; earnings from exports of other services in 2014 (before the imposition of capital controls) were 23.7% higher than 2010. The abovementioned positive developments occured in the period 2010-2015, with the country being in depression, with rapidly falling imports and a multitude of impediments to the exporting activity. Therefore, excluding its earnings from shipping, Greece has had a much better export performance than its peers in the period 2010-2016, notwithstanding the fact that Greek exporters have been operating under extremely adverse economic conditions. This positive export performance was the result of the fundamental improvement of Greece’s international price and cost competitiveness, which in turn was the

Italy

2015

2012 2013 2014

2007 2008 2009 2010 2011

2001 2002 2003 2004 2005 2006

1996 1997 1998 1999 2000

0,90

Portugal

result of the unprecedented structural reform program implemented in Greece in the period 2010-2016. With this already drastically improved and steadily improving international competitiveness and the completely reformed institutional and organizational structure of the economy, which now favours the production of internationally traded goods at the expense of non-tradables, and with the recovery of productive investment, including Foreign Direct Investment (FDI), export activity in Greece is expected to accelerate in the period 2017-2030. Additionally, according to the results of the Greek Management Consultants Confidence Index (GMCCI), which surveys the views and expectations of managing directors of member firms of SESMA (Hellenic Association of Management Consulting Firms), in Q4 2016, management consultants were more optimistic regarding the exports of products and services for the following year. More specifically, the percentage of those predicting an increase are by 16.3% higher than the percent of those predicting decrease. Improvement is also recorded when comparing the average of the expectations between 2016 and 2015.

SESMA has extensive experience in the organization of conferences/forums, networking events and training for members, as well as consultants from other countries. In addition, SESMA is active in lobbying the government regarding issues that are relevant for the consulting profession promoting our position as a valuable social partner. SESMA is also a member of the European Federation of Management Consultancies Associations (FEACO), the Federation of Greek Enterprises and the Federation of Industries of Northern Greece. OBJECTIVES The objectives of SESMA are: ● To develop and grow the Hellenic consulting market ● To develop the consulting profession and increase the value of the services provided by consultants to the private and public sector ● To promote the interests of its members ● To promote the image of the Consulting profession ● To represent the profession at local, national and international level ● To function as a key social partner.

ENERGY FOR GREECE Natural Gas The fuel of the 21th century Natural Gas, global experts say, is on its way to being the primary energy source of the 21st Century. This is especially true for Greece. DEPA was created to bring Natural Gas - and all its benefits to Greece. Our mandate was clear, and our sense of purpose, since day one, has been unwavering. As the largest Natural Gas importer, DEPA is our guarantee to a secure Natural Gas energy supply, now and in the future. Our goal is to ensure all consumers in Greece have access to Natural Gas, to rapidly develop and expand the distribution and use of CNG and LNG, and to reinforce our commitment to serving Greek society and its citizens with the best service, pricing, and social support. As a public company, DEPA never loses focus of its most important objective: serving Greek citizens and the communities in which they live. Our obligation to be financially profitable is matched by our duty to be socially and environmentally responsible - a duty we take seriously.

100

DEPAâ&#x20AC;&#x2122;s 1.5 billion euro investment program has succeeded in building a massive transport system to carry Natural Gas from Thrace to Attica and to all major urban centers on the Greek mainland.

DEPA is a story of bringing Natural Gas to Greece, continual growth, and community

development.

Our five strategic goals 1- A Secure Supply Wherever you are at home, at work, at your business, in school, we are committed to ensuring you have a safe, secure, economical supply of Natural Gas.

2- Leading Market Performance DEPA is dedicated to supporting a liberalized and high-performing market - as a leader.

3- Develop

6.005 5.405

From day one, we have been developing a comprehensive, modern national gas infrastructure, serving Greece. The next decade will see this infrastructure expand considerably throughout Greece.

4- Contribute

Actions speak louder than words. Our initiatives for a green and efficient gas market are second to none. 2.090

5- Support Strong communities create strong societies. Our support to community development is unwavering.

2002

2010

2016

Natural Gas network expansion (medium and low pressure) (cumulative numbers of DEPA and its subsidiaries)

TAXI

101

DEPA supports

COMMERCIAL ACTIVITIES DEPA is the crucial hub of Greece’s Natural Gas industry, supplying the domestic market, importing and re-exporting Natural Gas, investing in core infrastructure, and expanding the many applications of Natural Gas in the country. As such, DEPA is responsible for a wide spectrum of commercial activities and supplies gas to an ever-growing list of key customers:

competitiveness of

commercial and industrial enterprises and families' living standards.

DEPA Gas Prices - the last 5 Years 100%

Electricity producers Large consumers: customers with an annual consumption greater than 10 GWh

80% 60%

Gas Supply Companies (EPAs) End users in regions where Gas Supply Companies have yet to be established

40%

Drivers of gas powered vehicles

2016

2015

2014

2012

Cogenerations and air conditioning

2013

In addition, DEPA supports the use of Natural Gas in new markets: CNG supply to remote regions Natural Gas in the agricultural sector

Industry

Gas supply companies

Power producers

Natural Gas Sales - 2015 Total 32.6 mil. MWh

At DEPA, we believe being

responsible is a starting point, not a goal. Working for a better tomorrow Depa is recognized for CSR and Sustainability by Corporate Responsibility Index and for the company participates in initiatives for CSR.

102

Power Generation 55.7%

Vehicle Gas 0.5%

Industry - Chemical Use 10.5%

Domestic Use 12.4%

Industry - Thermal Use 9.7%

Gas Suppliers 0.9%

Co-Generation 1.6%

DESFA Consumption losses 0.3%

Commercial Use 5.2%

DESFA Counter Balance 3.2%

• • • •

Reduces its environmental footprint Provides a transport fuel that is clean, economical and abundant Creates jobs in local communities Offers cheap energy for the consumers, the industry and the business.

CREATIVE GREECE 2017 - EXPORT LEADERS

NATURAL GAS ‘IN YOUR LIFE EVERYDAY’ For home The domestic use of natural gas provides ease, autonomy, safety and less strain on the family budget. Through the continuous and stable supply of natural gas, every household can ensure: • •

Heating, without dependencies and with constant supply Cooking and hot water without having to wait and being able to adjust the thermostat directly.

Key features of natural gas in the household are: • •

Autonomy, promptness and speed. Constant and permanent supply, without dependencies.

For commercial sector Natural gas will prove the most beneficial solution for the everyday needs of professional activity. Hotels and hospitals, educational institutions, athletic and cultural centers, large office buildings, recreational centers, malls and shops can all use natural gas. Key features of natural gas in the business sector are: • • •

For industry Natural gas is the natural energy choice for industries with direct and indirect thermal needs, enhancing their competitive edge.

Avoidance of orders and delayed fuel deliveries. Better utilization of space that today is used to store fuels (tanks). Rational energy use, reduced operational expenses, savings.

395.142* CUSTOMERS

*customers of DEPA and its subsidiaries

Natural gas can be described as a user-friendly, efficient, clean and economical fuel. It is also an abundant and reliable fuel, with advanced technology applications. Main advantages in using natural gas in the industrial sector are: •

Constant supply of the fuel that ensures uninterrupted operation and unblocks capital to maintain reserves and storage space. • Reduced pollution emissions, with a decisive contribution to a cleaner environment reducing the greenhouse effect. • Reduced operational cost in fuel and maintenance management. • Increased energy efficiency and economy.

103

THE ENERGY FOR GROWTH The Natural Gas sector is a source of good job opportunities that provide training and, above all, value to other members of the community. Greece’s Natural Gas infrastructure provides direct employment, indirect employment, and induced employment. Companies that supply and distribute Natural Gas directly hire thousands of administrators, engineers, marketing and sales teams, support staff, maintenanc teams, drivers, and many others who work in facilities. Other employment opportunities include jobs in the Natural Gas logistics chain, from the south of Greece to its northern borders. And as Natural Gas creates more economic activity throughout the Greek economy, primarily in local economies, new jobs are created as a result, known as induced employment.

Every one of these jobs means that Greece grows its GDP, expands its tax base, and contributes a lot more to our social security system. That’s win-win.

DEDA S.A. Οn 2/1/2017 a new 100% subsidiary of DEPA was established, under the name “Gas Distribution Company Rest of Greece S.A”. The scope of work of this company consists of the operation, management and development of the existing Rest of Greece Natural Gas distribution network.

Areas covered by the existing pipline network Network expansion phase 1 Network expansion phase 2

Areas covered by the

existing pipline Network expansion phase 3network Network expansion phase 1 Natural Gas high-pressure pipeline Network expansion phase 2 Network expansion phase 3 Natural Gas high-pressure pipeline

104

CREATIVE GREECE 2017 - EXPORT LEADERS

Security of Our Energy Supply Having strategic supply diversification and secure contractual agreements are vital for Greeceâ&#x20AC;&#x2122;s energy security. In this regard, DEPA has ensured that Greek consumers have enjoyed an uninterrupted supply of Natural Gas since day one. At times when geopolitical tensions created uncertainty in Natural Gas supplies, DEPA never once failed to deliver. This success is as important for national security as it is for the comfort of families - and for the continuous operation of industry, commerce and all national stakeholders. DEPA is proud of its history of supplying Natural Gas without interruption for two decades and is deploying its assets in a way that ensures a secure energy future.

NATURAL GAS FOR CLEANER CITIES Urban Air Quality The United Nations Framework Convention on Climate Change negotiations in Paris in December 2015 highlighted the vast global political focus on climate change. As more of the worldâ&#x20AC;&#x2122;s population (roughly 50+%) resides in cities, policy makers face a number of challenges - most important ensuring urban air quality is adequate as the demand for energy increases, both in buildings and in transport.

Gas share as primary energy consumption

24%

One of the most vital initiatives today is fuel switching, to cleaner Natural Gas with lower levels of harmful pollutants, especially particulate matter (PM), one of the most damaging pollutants to human health.

GREECE

25% 21% ''#$ 11%

'!#$ 12%

%#$ 6%

2000

2007

2014

Source: Eurogas Statistical Report

105

COMPRESSED NATURAL GAS FOR TRANSPORT Compressed Natural Gas (CNG) is used for transport (cars, rail-cars, trucks, ships, busses). Today millions of vehicles around the globe are powered by CNG reducing emissions and increasing energy efficiency. In Greece, natural gas has already demonstrated its key role as a fuel for 600 buses of OSY and 102 Municipalitiy garbage trucks. These are supplied, by filling stations (Fisikon) in Attica, in Lamia, in Volos, in Larisa and in Thessaloniki. Depa has made all the important steps in the development of the institutional framework for implementing the infrastructure of gas stations. It has developed basic infrastructure to provide market pull for eco-efficient alternative fuels and clean vehicles, enabling more and more consumers to refuel their vehicles with natural gas and enjoy the benefits of the ÂŤgreenÂť fuel.

The Natural Gas Benefits Clean environment Greater savings Less damage Unadulterated fuel Noiseless performance

Based on current prices, the price of natural gas relative to other fuels is:

106

High reliabity Security

-60%

-25 /30%

-40%

GASOLINE

DIESEL

LPG

CREATIVE GREECE 2017 - EXPORT LEADERS

107

CREATIVE GREECE 2017 EXPORT LEADERS

109

CREATIVE GREECE 2017 - EXPORT LEADERS

PEA - KEEM: A breakdown of ELSTAT data for the 9-month period of 2016 --

The markets targeted by exporters

In 2016, Italy remained the most important destination for Greek exports, while Germany held the second place in the list of Greece’s top export markets. In third position is Cyprus, having left Turkey behind (Turkey was in third place in 2015, due to petroleum products), while the remaining top-10 has remained unchanged, featuring Bulgaria in fifth place, the US in sixth and the UK in seventh place, followed by Lebanon, Romania and Egypt. The above details arise from a breakdown by PEA (Panhellenic Exporters Association) and KEEM (Export Research Centre) of ELSTAT (Hellenic Statistical Authority) data for the first 9 months of 2016. An indication of the macroeconomic challenges facing Greek exporters is the fact that 10 out of the 20 main markets for Greek products recorded negative performance in 2016 compared to the same period in 2015. In particular, the 2016 list of the top 100 countries now includes the following countries (compared to 2015): Turkmenistan (62nd place), Azerbaijan (74th), Curacao (80th), Senegal (83rd), Antarctica (85th), Colombia (91st), Mauritania (94th), Philippines (95th), Syria (96th), Bahrain (97th) and Luxembourg (99th). As regards individual market performance, a growth rate of over 100% was recorded by five countries (Bangladesh, Vietnam, Brazil, Morocco, Libya), while declines of over 50% were recorded in four cases, as shown in the tables. With regard to the destinations of Greek exports by economic union, in addition to the already mentioned increase by 2.9% in the EU, a similar rise was recorded in the 18 Eurozone member countries by 2.8%. Falling exports were recorded in the G7 countries (-2%), while significant drops -due to fuel prices- were recorded in exports to the Gulf countries (-27.5%), the oil-producing countries of OPEC (-9.6%) and the countries of the Organization of the Black Sea Economic Cooperation (BSEC) (-7.5%). On the contrary, a very high export growth was recorded in the emerging markets of BRICS (+28,4%), mainly due to higher export performance to China and Brazil. As regards the makeup of exports by major product categories, the overall drop (-1.5%) is attributed to the continuing decline in fuel exports (by -9.1%). Exports of industrial products, which make up 44% of total exports, remained virtually unchanged (-0.1%) in 2016, compared to 2015. In contrast, agricultural exports recorded a significant increase by 7.6%. Finally, raw material exports in 2016 appeared marginally reduced (-0.6%), while the low value export category of Unclassified Items & Transactions dropped by 10.5%. Further analysis of the data reveals that the only difference in the ranking of the top 10 products is the return of Fish to the top-5, surpassing confidential products. As regards the list of top-20 products, highlights include a significant rise in Oranges and the entry of Tobacco in the list. New product “entries” standing out in the top 100 exported Greek products in 2016 included industrial polymer chemicals (74th position), smoked fish (82nd), rice (93rd) and sanitary products (94th). The improvement in total export performance from 18.36 billion euros in 2015 to 18.59 billion euros in 2016 (excluding petroleum) was possible in spite of the pressures that reappeared last December in some sectors of the economy, which were partly associated with the uncertainty surrounding the negotiations (between the Greek government and international creditors) and the evaluation of the Adjustment Program. As shown by the updated data of the Panhellenic Exporters Association and the Export Research Centre (KEEM) on an annual level, the total value of exports in 2016 inched down to 25.11 billion euros compared to 25.48 billion euros a year earlier, recording a drop of 1.5%, mainly attributed to fluctuations in international petroleum prices (which account for about 30% of total Greek exports). Notably, the loss in the petroleum sector is estimated at 690 million euros. Excluding oil products, the export growth is about 1.2% or 225.5 million euros, hitting a new historic record (at current prices).

110

CREATIVE GREECE 2017 - EXPORT LEADERS

Italy is the No1 destination for Greek products

THE MAIN 20 MARKETS FOR GREEK PRODUCTS -2016 (in mn euros) CLASSIFICATION 2016 1 2

CLASSIFICATION 2015 1 2

3 4 5 6 7

COUNTRY

VALUE

ITALY GERMANY

2.830,5 1.952,6

5 6 7

CYPRUS TURKEY BULGARIA USA UK

1.625,3 1.350,6 1.307,0 1.095,4 1.074,5

8 9 10 11 12

9 11 8 13 12

LEBANON ROMANIA EGYPT FRANCE SPAIN

1.051,4 762,3 750,1 710,2 702,9

13 14 15

15 14 10

NETHERLANDS FYROM SAUDI ARABIA

611,1 566,3 447,1

16 17

19 16

POLAND GIBRALTAR

398,4 381,4

18 19

17 18

ALBANIA BELGIUM

378,4 345,2

THE 20 MAIN EXPORT PRODUCTS - 2016 (in mn euros and tons) CLASSIFICATION 2016 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

PRODUCT DESCRIPTION MINERAL OILS DRUGS, RETAIL ALUMINUM SLABS VIRGIN OLIVE OIL FISH CONFIDENTIAL PRODUCTS OLIVES & OTHER VEGETABLES CHEESE DATA PROCESSING MACHINES PIPES & TUBES, ALL TYPES COTTON CIGARETTES ALUMINUM RODS ALUMINUM SHEETS PEACHES ALUMINUM ALLOYS TOBACCO CEMENT ORANGES PREPARED FOODSTUFF

VALUE

VOLUME

6574.1 18.962.811,4 709.2 22.459,5 550.9 199.796,5 501.6 139.068,8 482.7 92.628,9 450.6 140.024,8 405.3 173.870,90 395.4 68.306,3 385.8 3174,9 336.5 63.694,1 311 217.742,4 303 28.287,5 256.7 98.845,8 245.8 80,688 241.6 252.157,5 202.2 120.456,8 183.4 38.575,5 175.6 4.005.875,8 173.6 460,322 167 39.091,8

111

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

1 HELLENIC PETROLEUM S.A.

8,750,184,000

6,584,471,000

-426,795,000

22,725,000

2 MOTOR OIL

7,436,908,000

5,276,468,000

-111,973,000

291,798,000

3 ΟΤΕ COSMOTE

1,202,222,000

1,165,011,000

-76,852,000

226,376,000

4 DEPA

1,159,087,667

954,466,327

84,005,215

1,188,632

950,236,000

923,361,000

6,288,000

-12,262,000

5 AKTOR 6 KARELIA TOBACCO COMPANY INC.

552,819,000

629,520,000

84,595,000

83,350,000

7 ΜΕΤΚΑ S.A.

549,001,000

411,924,000

84,758,000

47,167,000

8 LPC S.A.

481,452,000

-351,000

9 ALUMINIUM OF GREECE S.A.

462,567,000

601,429,000

19,258,000

40,628,000

10 COCA - COLA 3Ε S.A.

423,000,000

412,900,000

-12,600,000

-5,900,000

11 HALCOR METAL WORKS S.A.

396,014,891

451,690,228

-21,390,219

-9,421,801

12 NESTLE HELLAS S.A.

385,064,848

365,426,715

18,633,977

10,731,719

13 ATHENS INTERNATIONAL AIRPORT “ELEFTHERIOS VENIZELOS”

315,602,778

371,306,444

126,679,777

179,843,849

14 ATHENIAN BREWERY S.A.

296,251,641

308,606,778

14,030,310

-16,838,029

15 HELLENIC DUTY FREE SHOPS S.A.

295,688,000

282,642,000

60,644,000

51,120,000

16 DELTA FOOD S.A.

290,319,000

261,281,000

-22,781,000

-12,009,000

17 ΤΙΤΑΝ S.A.

263,969,000

273,193,000

83,126,000

63,619,000

18 HELLENIC CABLES S.A. - CABLEL

248,809,174

336,915,155

-7,679,519

-3,249,903

19 BOEHRINGER INGELHEIM HELLAS S.A.

245,436,487

235,469,981

-12,058,321

2,987,311

20 LARCO GENERAL MINING & METALLURGICAL COMPANY S.A.

237,250,167

-28,589,535

21 SOYA HELLAS S.A.

233,320,064

261,028,621

8,434,441

11,726,717

22 NITSIAKOS S.A.

213,784,504

236,705,541

-2,230,653

4,083,567

23 SOYA MILLS S.A.

210,275,761

193,216,774

7,804,450

4,911,818

24 HERACLES GENERAL CEMENT COMPANY

208,764,000

218,330,000

-31,574,000

-42,146,000

25 VIANEX S.A.

206,889,570

210,269,984

4,329,899

9,072,728

26 MONDELEZ HELLAS S.A.

187,939,488

152,317,359

5,536,563

4,597,449

27 FAGE DAIRY INDUSTRY S.A.

182,612,000

182,547,000

4,931,000

1,791,000

28 ELVAL HELLENIC ALUMINIUM INDUSTRY S.A.

181,337,802

449,636,709

5,534,045

15,133,978

29 BIC VIOLEX S.A.

167,058,976

208,806,407

24,118,136

48,783,829

30 OLYMPOS DAIRY OF LARISSA S.A.

163,197,201

188,475,823

8,284,703

14,723,515

31 HELLENIC DAIRIES S.A.

163,197,201

188,475,823

8,284,703

14,723,515

32 CORINTH PIPEWORKS S.A.

161,310,383

257,169,631

-5,771,136

5,468,462

33 FOLLI FOLLIE S.A.

157,115,879

152,730,394

177,310

-16,173,584

34 PHARMATHEN S.A.

156,983,428

163,150,066

12,362,254

15,193,645

35 NIREUS AQUACULTURE S.A.

156,582,084

165,421,191

-8,792,250

-68,996,699

36 CROWN HELLAS CAN S.A.

154,329,000

146,436,000

-1,991,000

57,449,000

37 HELLENIC HALYVOURGIA S.A.

150,534,439

-16,910,024

38 BSH HOME APPLIANCES S.A.

143,396,854

4,265,061

39 TYRAS S.A.

142,847,007

136,956,975

7,388,934

3,196,235

40 PCT - PIRAEUS CONTAINER TERMINAL S.A.

134,929,179

140,573,180

29,931,832

36,877,353

41 E.J. PAPADOPOULOS S.A.

133,694,363

135,577,000

11,319,124

10,593,000

42 PAVLOS N. PETTAS S.A.

126,619,020

123,381,451

7,219,491

10,802,574

43 SIDENOR STEEL INDUSTRY S.A.

126,609,738

143,650,800

-17,756,539

-24,371,480

44 MEVGAL S.A.

125,704,000

110,285,000

-7,461,000

-18,547,000

45 FAMAR S.A.

125,696,337

124,606,945

9,890,524

9,526,464

Source: Hellas List

112

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

46 SYSTEMS SUNLIGHT S.A.

119,571,639

136,554,756

-26,041,311

1,868,192

47 SELONTA AQUACULTURE S.A.

117,881,262

140,396,584

2,063,427

-4,148,743

48 PLASTIKA KRITIS S.A.

115,569,000

128,690,000

13,973,000

17,292,000

49 ELPEΝ S.A.

113,949,055

119,784,368

4,903,868

4,916,263

50 MEGA DISPOSABLES S.A.

112,913,848

134,517,065

4,703,834

6,103,451

51 VIOLAR S.A.

112,393,137

129,669,855

-565,516

1,030,689

52 DEMO S.A.

111,834,087

123,333,187

16,860,371

18,984,548

53 LEAF TOBACCO A. MICHAILIDES S.A.

115,601,000

117,116,000

32,362,000

26,278,000

54 IMERYS

105,156,000

105,280,000

-20,105,000

-19,416,000

55 ALUMIL ALUMINIUM S.A.

104,838,665

111,634,983

-11,426,683

-12,913,973

56 SARANTIS GROUP

104,247,996

120,722,091

16,542,121

11,240,658

57 HELLENIC SUGAR INDUSTRY S.A.

101,509,528

80,671,479

-57,312,282

-52,517,531

58 ION S.A. COCOA & CHOCOLATE MANUFACTURERS

101,283,680

104,444,586

1,506,664

1,511,072

59 HELLENIC AEROSPACE INDUSTRY S.A.

98,027,916

65,598,545

1,594,236

-19,220,531

60 CHIPITA S.A.

96,402,000

103,451,000

-16,110,000

13,187,000

61 DODONI S.A. AGRICULTURAL DAIRY INDUSTRY OF EPIRUS

92,645,588

95,449,318

2,360,683

5,224,388

62 AGROINVEST S.A.

92,095,561

94,546,298

147,626

8,168,251

63 JOHNSON & JOHNSON HELLAS S.A.

89,486,641

91,408,996

2,728,423

-15,909,646

64 KARAGIORGOU S.A.

87,894,904

89,902,998

421,833

4,721,617

65 ABB S.A.

86,881,429

83,199,240

-2,574,274

-228,377

66 KOLIOS S.A.

83,922,116

89,697,483

1,092,057

-144,504

67 HAITOGLOU BROS S.A.

83,791,000

79,437,000

-1,515,000

-4,375,000

68 BIOKOT S.A.

80,050,578

-217,537

69 ΚΛΕΜΑΝ ΕΛΛΑΣ Α.Β.Ε.Ε.

78,201,000

83,680,000

6,770,000

2,063,000

70 BARBA STATHIS S.A.

77,966,000

89,590,000

4,116,000

5,402,000

71 THRACE NONWOVENS & GEOSYNTHETICS S.A.

77,676,000

83,101,000

2,157,000

2,353,000

72 INTERCOMM FOODS S.A.

77,556,168

83,298,278

8,665,220

10,485,667

73 ΚΡΙ ΚΡΙ S.A.

77,149,640

66,950,798

4,656,859

4,294,909

74 NEXANS HELLAS S.A.

74,995,000

40,595,000

-2,501,000

-639,000

75 PAVLIDES S.A.

73,551,044

60,636,569

13,265,763

7,852,652

76 MONOTEZ S.A.

72,563,411

73,268,196

2,855,307

6,218,826

77 BARILLA HELLAS S.A.

72,554,075

72,889,363

2,712,325

4,370,026

78 YIOTIS S.A.

70,162,053

70,342,188

4,464,739

4,979,127

79 M. J. MAILLIS S.A.

70,034,502

-5,458,451

80 AMBROSIADIS S.A.

67,937,394

70,029,790

-45,645

706,957

81 ANDROMEDA S.A.

67,684,907

53,213,679

-3,113,307

2,988,269

82 DOW HELLAS S.A.

67,541,165

59,739,367

7,417,194

10,597,675

83 VIKOS S.A. EPIROTIC BOTTLING INDUSTRY

66,549,471

64,231,632

12,719,189

11,948,613

84 PETROS PETROPOULOS S.A.

66,427,039

80,097,000

1,462,477

1,402,000

85 LANDIS+GYR S.A.

65,162,548

79,508,400

1,259,980

4,395,958

86 ATLAS TAPES S.A.

65,117,258

72,341,911

4,278,959

2,185,772

87 EXALCO S.A.

63,509,352

71,717,378

-4,732,544

-1,225,023

88 ALUMAN S.A.

62,691,637

67,345,527

2,682,044

1,464,165

89 KARAMOLEGOS BAKERY S.A.

61,690,015

59,934,664

1,523,443

1,055,988

90 KARATZIS S.A.

60,973,000

62,107,000

8,416,000

9,087,000

113

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

91 COSMOS PROFIL S.A.

59,943,000

70,769,000

1,357,000

4,741,000

92 SANI RESORT S.A.

59,560,627

59,815,652

29,637,794

4,513,060

93 FITCO Α.Ε.

59,409,850

63,402,176

-3,326,572

-3,097,320

94 ARABATZIS MICHAIL S.A.

58,103,150

61,608,812

8,512,222

8,369,198

95 FLEXOPACK S.A.

57,493,000

62,271,000

5,040,000

6,575,000

96 MELISSA KIKIZAS FOOD PRODUCT S.A.

55,380,171

58,733,389

2,348,095

3,154,719

97 YIOULA GLASSWORKS S.A.

53,501,000

46,686,000

14,905,000

-6,980,000

98 ELVE S.A.

52,423,954

2,332,106

4,762,676

172,924

99 MACEDONIAN PAPER MILLS S.A.

52,241,088

51,708,297

-2,544,163

254,234

100 GOLDAIR HANDLING S.A.

51,856,013

54,581,207

2,437,483

3,649,174

101 JOHNSON & JOHNSON CONSUMER S.A.

51,635,967

46,126,238

1,479,238

494,816

102 INTRACOM DEFENSE ELECTRONICS S.A.

51,242,446

49,663,812

-787,349

973,327

103 VIOTYR S.A.

50,367,815

42,539,829

1,070,831

1,443,661

104 KRONOS S.A.

49,300,744

49,893,799

6,140,035

4,311,225

105 ELSA- SILGAN METAL PACKAGING S.A

48,822,828

47,754,715

-511,904

2,021,918

106 INTERTRADE HELLAS S.A.

48,803,349

55,401,755

763,612

172,628

107 BINGO S.A.

48,020,978

50,303,572

309,649

330,116

108 MISSIRIAN S.A.

47,689,617

42,798,524

403,470

-2,774,691

109 HELLENIC QUARRIES S.A.

46,793,139

1,103,086

110 ALFA-BETA ROTO S.A.

46,038,134

48,575,377

2,707,251

2,851,099

111 KORRES NATURAL PRODUCTS S.A.

45,170,621

48,038,654

-861,687

1,438,499

112 PYRAMIS S.A.

44,455,198

48,145,395

101,934

-254,820

113 ΑΘΗΝΑΙΚΗ ΧΑΡΤΟΠΟΙΙΑ Α.Ε.

44,370,478

-4,982,338

114 TEMES S.A. - COSTA NAVARINO

43,455,373

43,502,881

-13,987,675

-13,408,228

115 TUPPERWARE HELLAS S.A.

43,018,722

43,989,566

4,057,329

5,980,194

116 EPALME S.A.

42,824,021

41,933,187

18,598

356,379

117 LITTLE ACRE MILK FARM S.A.

42,550,657

49,225,073

667,679

1,822,322

118 GALAXIDI MARINE FARM S.A.

42,502,918

44,657,260

859,726

627,530

119 KS COTTON S.A.

42,399,138

28,239,342

806,455

2,935,020

120 IMAS S.A.

42,154,728

47,702,145

-2,804,127

-1,413,318

121 SCHNEIDER ELECTRIC S.A.

41,938,999

-3,847,258

122 KAFEA S.A.

41,857,441

41,128,500

6,215,837

6,527,708

123 F.H.L. I. KIRIAKIDIS MARBLE & GRANITES S.A.

41,776,312

42,205,166

9,119,558

9,865,399

124 UNI-PHARMA S.A.

41,526,779

48,986,797

4,401,843

4,715,961

125 MP PHARMA S.A.

41,431,797

3,147,477

126 KAMARIDIS GLOBAL WIRE SA

41,336,010

39,308,728

2,508,904

3,711,373

127 CHITOS S.A.

41,202,804

43,352,237

2,744,299

3,063,789

128 G. KALLIMANIS S.A.

41,178,000

39,383,000

-4,983,000

-6,995,000

129 MEGARA RESINS - FANIS S.A. ANASTASIOS FANIS S.A.

41,149,347

42,306,409

3,709,723

4,161,663

130 EUROCHARTIKI S.A.

40,836,892

41,498,531

1,113,315

850,542

131 PAVLIDIS MARBLE GRANITE S.A.

40,658,877

50,511,355

13,535,894

19,091,935

132 HELLAS GOLD S.A.

40,363,657

34,368,085

-10,559,362

-96,147,528

133 THRACE PLASTICS PACK S.A.

40,319,995

41,595,486

678,893

2,238,309

134 PENTAPLAST S.A.

40,120,777

34,521,530

39,370

756,602

135 MITSIS HOTELS

40,113,619

39,474,874

-2,069,598

-2,199,102

114

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

136 ASPIS S.A C. DEDES

39,061,205

34,830,923

4,732,653

1,636,838

137 IRIDA S.A.

38,799,239

48,218,947

3,603,298

3,384,001

138 SEPTONA

38,434,883

40,988,046

1,320,270

2,847,051

139 DEAS S.A.

37,903,927

40,722,600

4,626,502

5,909,127

140 Η.Β. BODY S.A.

37,734,235

35,969,704

8,416,315

8,073,342

141 KATHEMIRINI EDITIONS S.A.

37,626,126

34,478,202

-6,594,163

-4,427,570

142 SELECTED TEXTILES S.A.

37,460,937

39,509,433

-2,391,006

-2,992,647

143 NUTRIA S.A.

36,947,557

29,769,755

-506,491

-2,061,165

144 PROCOS S.A.

36,828,656

37,604,047

1,791,621

2,523,077

145 EURODRIP S.A.

36,802,010

38,060,250

1,710,625

-1,152,471

146 RONTIS HELLAS S.A.

36,697,859

25,815,888

-2,402,265

-445,694

147 ELVIAL S.A.

36,681,975

46,298,593

2,003,011

4,011,326

148 ZOONOMI S.A.

36,557,585

28,458,976

513,333

293,633

149 EUROPEAN BAUXITES S.A.

36,036,274

42,140,139

-27,573,095

3,160,310

150 GOLDAIR CARGO S.A.

35,940,040

39,664,824

1,058,224

1,244,086

151 KORONAKIS D. S.A.

35,289,835

44,525,237

9,417,729

13,025,880

152 PALIRRIA S.A.

35,124,464

39,698,241

3,068,942

2,543,864

153 D. NOMIKOS S.A.

34,831,641

35,478,226

569,536

1,467,722

154 KONSTANTOPOULOS S.A. “OLYMP”

34,793,172

38,411,706

4,677,366

5,386,770

155 EDESMA S.A.

34,140,892

39,316,019

65,335

15,703

156 THRAKIKA EKKOKISTIRIA S.A.

33,903,842

28,473,965

-896,390

1,323,629

157 ISOMAT S.A.

33,064,782

37,096,298

4,190,449

5,948,466

158 GENEPHARM S.A.

32,955,716

34,205,580

7,892,398

1,867,287

159 TOSOH HELLAS S.A.

32,866,069

31,208,815

1,012,000

-383,995

160 GAP PHARMACEUTICAL S.A.

32,552,633

32,905,588

6,408,776

5,047,968

161 EVGA S.A.

32,179,075

32,622,312

-6,476,566

-5,580,164

162 ALINDAVELCO S.A.

31,905,849

29,545,315

38,738

277,264

163 ALMI S.A.

31,444,632

1,078,665

164 AGRICULTURAL CORPORATE COLLABORATION S.A. AL.M.ME

31,306,293

30,239,646

3,616

16,045

165 APIVITA S.A.

30,943,029

28,767,473

58,779

295,119

166 KALAMARIKIS EMM. KALAS S.A.

30,732,000

28,711,000

160,000

595,000

167 ENERGEAN OIL & GAS S.A.

30,429,000

24,747,000

-10,894,000

-35,843,000

168 ALEXANDER LTD.

30,346,478

699,937

169 EFTHYMIADIS K&NE S.A.

29,924,601

31,302,163

230,879

252,853

170 EURIMAC S.A.

29,229,038

37,256,247

3,577,113

3,044,094

171 AGRO.VIM. S.A

28,874,055

47,466,313

722,817

160,677

172 MARMOR SG S.A.

28,842,867

32,984,060

3,937,291

3,970,721

173 HALYPS BUILDING MATERIALS S.A.

28,834,667

24,995,692

-6,538,162

-5,414,124

174 SKL S.A.

28,831,691

38,912,715

-1,748,542

-171,195

175 KAFANTARIS - PAPAKOSTAS S.A.

28,684,190

26,222,459

259,944

161,254

176 ATTICA PUBLICATIONS S.A.

28,682,543

24,339,573

431,947

-1,492,446

177 LOUX MARLAFEKAS S.A.

28,619,452

30,003,513

1,493,474

3,467,093

178 VITEX - YANNIDIS BROS S.A

28,573,360

30,697,345

256,654

346,242

179 GEROLYMATOS INTERNATIONAL S.A.

28,264,000

27,421,000

315,000

987,000

180 HELLENICA S.A.

28,039,273

30,642,735

1,170,140

2,842,112

115

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

181 RESILUX HELLAS S.A.

27,877,644

31,622,588

-2,350,597

-221,761

182 ΖΑΝΑΕ NIKOGLOU BAKERY YEAST SA.

27,760,409

29,259,939

-283,367

263,861

183 KAVALA OIL S.A.

27,749,249

22,397,925

-189,798

22,696

184 KONVA S.A

27,665,700

29,549,378

-1,161,728

666,773

185 TSIMIS S.A.

27,366,857

32,074,705

-924,132

6,623

186 IKTINOS HELLAS S.A.

27,247,854

34,069,705

3,974,577

2,207,286

187 VIOSER S.A.

27,010,365

28,655,273

2,467,313

32,232

188 THEON SENSORS S.A.

26,865,631

4,630,537

189 ARGO S.A.

26,848,594

27,506,230

4,067,979

5,474,499

190 ALCHIMICA S.A.

26,347,302

31,367,133

5,266,345

6,590,745

191 GREEK WINE CELLARS - KOURTAKI S.A.

26,288,901

26,561,253

-266,525

291,356

192 DANAIS S.A.

25,957,125

24,345,614

4,715,516

3,256,938

193 NICOS GLEOUDIS KAVEX S.A.

25,813,894

26,164,210

3,191,467

3,346,910

194 FORKYS FISHING FARM S.A.

25,667,966

24,616,787

1,350,715

937,761

195 AKRITAS S.A.

25,538,766

20,446,691

-10,529,626

-12,264,956

196 FIBRAN D. ANASTASIADIS S.A.

25,356,752

29,474,444

1,896,220

4,261,228

197 VAMVAKOURGIA VIOTIAS S.A.

25,171,885

18,412,312

23,759

901,344

198 FIERATEX AFOI ANEZOULAKI S.A.

24,770,593

26,003,750

-903,128

-751,699

199 EVROFARMA S.A.

24,737,000

28,625,000

-181,000

651,000

200 MULTY FOAM S.A.

23,692,102

24,011,469

3,669,836

4,637,141

201 DEL MONTE HELLAS S.A.

23,572,382

29,816,077

411,528

748,240

202 KAPACHIM S.A.

23,354,817

24,217,987

1,245,557

1,890,661

203 DAIOS PLASTICS S.A.

23,269,850

23,837,210

325,244

421,620

204 PALAPLAST S.A.

23,191,497

25,255,015

1,799,250

1,927,354

205 VIS SA

23,187,334

21,557,000

-410,430

-1,997,427

206 OLYMPIA ODOS S.A.

22,610,271

22,043,691

5,934,252

6,236,228

207 EXPRESS PUBLISHING S.A.

22,489,316

26,037,220

1,660,371

2,267,413

208 SIDMETAL S.A.

22,423,677

21,157,088

1,440,873

1,273,226

209 PROTOFANOUSI FRUITS S.A.

22,212,462

801,823

22,039,002

20,078,215

327,160

475,366

211 KARAGEORGIOU K. BROS “3ALFA” S.A.

21,898,719

25,775,358

438,745

387,464

212 KARALIS S.A. MILK INDUSTRY OF EPIRUS

21,877,188

23,440,889

2,432,074

3,517,258

213 NEORION SYROS SHIPYARDS S.A.

21,852,300

-2,700,040

214 GLAROS HELLAS S.A.

21,846,730

10,872,079

6,598,515

2,912,795

215 VIKI S.A.

21,666,697

19,961,749

-1,964,092

-1,254,650

216 VITOM S.A.

21,567,985

19,722,148

44,432

84,166

217 AGROZOI S.A.

21,350,564

19,375,887

63,504

6,848

218 STAFF S.A.

21,319,961

19,051,797

-162,179

-264,283

219 ΚΕΡΑΜΟΥΡΓΙΑ ΒΟΡΕΙΟΥ ΕΛΛΑΔΟΣ Α.Ε.

21,249,345

22,932,151

-4,073,244

1,165,137

220 KEBE S.A.

21,249,345

22,932,151

-4,073,244

1,165,137

221 CHALKIDIKI FLOUR MILLS S.A.

21,199,355

21,344,043

284,674

169,898

222 SIOURAS S.A.

20,941,273

21,188,263

186,395

486,151

223 VIORYL S.A.

20,709,907

20,488,163

1,422,665

1,742,663

224 TRIKKI S.A.

20,503,948

19,130,820

-395,908

114,650

210

116

ΕΚΜΕ S.A.METALLURGICAL,TECHNICAL,INDUSTRIAL AND TRADING COMPANY

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

225 ERLIKON WIRE PROCESSING S.A.

20,277,102

20,274,857

-854,354

-977,268

226 ROUSSAS S.A.

20,273,758

21,891,213

784,330

712,657

227 HELLENIC FINE OILS SA

20,160,924

15,127,703

451,900

133,342

228 VIOKYT PACKAGING SA

19,800,446

22,436,240

1,926,708

1,233,790

229 BLUEPOINT S.A.

19,593,808

-1,677,970

19,416,898

14,045,312

832,404

933,298

231 MEDIA STROM S.A.

19,377,000

21,585,000

781,000

1,575,000

232 DISTILERY-WINERY OF THRACE S.A.

19,082,802

19,899,933

939,389

1,233,370

233 ELINOIL - HELLENIC PETROLEUM COMPANY S.A.

18,965,224

20,829,607

300,041

863,415

234 IONIAN KALK S.A.

18,878,959

683,213

235 MEGAPLAST S.A.

18,500,529

2,460,080

236 DELPHI-DISTOMON S.A.

18,500,000

19,447,776

1,590,000

2,584,340

237 HOTOS S.A.

18,244,015

19,189,477

2,237,926

2,622,625

238 DUROSTICK S.A.

18,208,112

18,670,849

-1,513,819

-440,289

239 ANFARM HELLAS S.A.

18,200,376

1,980,291

240 LARIPLAST S.A. PLASTIC INDUSTRY

17,947,788

20,177,052

1,309,197

447,381

241 ATTIKI BEE CULTURING CO. - ALEX PITTAS S.A.

17,698,702

18,775,275

-695,651

-630,879

242 HELLENIC JUICES S.A.

17,586,976

26,359,200

2,819,645

4,577,604

243 KONSTANTINOS I. IOANNIDIS S.A.

17,533,398

2,027,666

244 F.A. MOYRIKIS S.A.

17,327,545

18,708,213

625,525

607,279

245 ARMOS PROKAT S.A.

17,259,617

9,596,921

1,646,320

-490,794

246 PAPOUTSANIS S.A.

17,170,383

15,614,524

134,479

54,592

247 CAVINO WINERY & DISTILLERY S.A.

17,123,000

17,336,000

153,000

515,000

248 AGROTIKI S.A.

17,108,074

16,777,162

-274,477

-762,246

249 HELLENIC GYROS S.A.

17,097,952

18,113,105

364,858

522,522

250 G.N. FRANGISTAS S.A.

17,080,887

16,406,258

-209,514

45,691

251 MACEDONIAN THRACE BREWERY S.A.

16,994,747

17,930,005

1,463,219

1,562,323

252 PERSONAL CARE S.A.

16,458,471

16,734,260

414,094

439,863

253 AGROFRUT HELLAS VASSILIS PANTAZIS S.A.

16,438,125

14,986,070

-98,298

16,447

254 VIOZOIS S.A

16,422,865

15,905,280

1,198,871

601,791

255 ΝΕΟΚΕΜ S.A.

16,328,684

14,330,241

1,300,637

1,693,461

256 DAVOUTIS S.A.

16,308,758

14,980,214

261,349

291,379

257 VIOTROS S.A.

16,295,749

14,301,622

2,183,083

3,297,911

258 VARVARESSOS S.A. EUROPEAN SPINNING MILLS

16,289,375

18,700,189

708,253

-3,078,387

259 DAVOUTIS MAVRIDOPOULOS S.A.

16,254,056

17,573,402

-27,867

293,001

260 THESSALY GINNING MILLS S.A.

16,232,190

1,728,680

-877,580

-549,720

261 GLIA N. BROS S.A.

16,184,793

6,935,217

1,485,582

420,594

262 VECHRO S.A.

16,118,993

16,245,274

803,323

886,397

263 DOPPLER S.A.

16,088,701

15,329,092

-80,673

-560,720

264 AMEKON S.A.

16,012,389

16,635,450

1,057,876

-1,190

265 VEMEKEP S.A.

15,817,187

13,584,211

-1,926,920

-1,350,041

266 KLEFER S.A.

15,634,000

16,707,000

2,231,000

1,812,000

267 WONDERPLANT S.A.

15,334,285

17,827,034

289,312

2,790,800

268 KAVALAS GINNING MILLS S.A.

14,955,892

12,162,028

195,923

2,019,022

230

EMEK S.A. HELLENIC MECHANICAL CONSTRUCTIONS AND EQUIPMENT SA

117

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

269 PAVLIDES GINNING MILLS S.A.

14,955,892

12,162,028

195,923

2,019,022

270 VLACHOS BROS S.A.

14,779,849

17,611,233

68,764

656,860

271 VIGLA OLYMPUS S.A.

14,774,555

15,417,680

-1,147,523

-628,437

272 GRANTEX S.A.

14,772,447

13,201,766

2,466,002

1,410,139

273 G. KARABELAS S.A.

14,757,984

6,007,530

-729,266

-945,735

274 OHONOS SNACK S.A.

14,755,069

1,443,690

275 IONIKI SFOLIATA S.A.

14,564,294

16,772,433

1,245,869

1,375,123

276 PETSAS S.A.

14,544,488

-342,171

277 MARIS POLYMERS S.A.

14,294,868

17,643,257

3,143,686

4,502,850

278 APOLLONION S.A.

14,105,392

15,434,981

483,958

295,585

279 OLYMPIA ELECTRONICS S.A.

14,032,475

14,264,705

1,825,017

2,092,353

280 ELDON’S S.A.

13,756,281

18,325,475

8,903

70,928

281 HELLENIC BREWERY OF ATALANTI S.A.

13,599,000

13,454,000

-370,000

176,000

282 VERNILAC S.A.

13,567,920

1,297,480

1,802,108

283 VIOZOKAT S.A.

13,480,421

13,601,355

591,715

1,245,040

284 NORDIA S.A.

13,435,463

13,759,406

2,109,078

2,423,110

285 ARNAOUTELIS S.A.

13,178,779

13,891,608

-13,976

25,005

286 MILKPLAN S.A.

13,141,380

11,621,981

2,432,426

886,067

287 KNAUF USG S.A.

12,965,685

939,253

288 EXARHOS S.A.

12,930,577

14,857,884

515,604

1,030,852

289 ELMIN BAUXITES S. A.

12,877,306

12,604,510

-1,605,606

-2,744,328

290 LAZARIDIS MARMOR S.A.

12,833,157

12,890,356

-2,853,467

-2,801,487

291 MERCURY CORPORATION S.A.

12,716,759

1,670,409

292 GAEA S.A.

12,664,127

12,206,849

-1,349,765

-1,279,712

293 MANTZIARIS S.A.

12,523,967

96,226

294 THERMOPLASTIKI S.A.

12,466,608

12,718,097

-1,103,765

-535,468

295 UNION 3 FASHION S.A.

12,394,132

14,701,113

413,757

688,581

296 JANNIS S.A.

12,390,290

16,792,672

520,284

1,270,766

297 AMALTHIA S.A.

12,338,324

11,344,000

725,847

772,813

298 CERAMETAL S.A.

12,300,003

1,314,372

299 SMIRDEX S.A.

12,281,842

13,265,040

4,641,724

5,056,978

300 SOURSOS S.A.

12,191,446

11,055,109

52,995

-14,028

301 VAP P. KOUGIOS S.A.

12,082,223

13,258,746

585,759

1,357,404

302 ESCARCOM S.A.

11,997,787

11,806,265

999,736

608,492

303 PANAGIOTIS SP. DAKOS S.A. HELIOS

11,744,189

11,237,746

300,766

256,229

304 C & P EKKOKKISTIRIA COTTON S.A.

11,642,587

12,439,769

79,766

78,784

305 BROS KALOGERAKI S.A.

11,515,878

11,138,842

224,202

121,046

306 PELOPAC S.A.

11,472,449

311,461

307 KATRADIS MARINE ROPES IND. S.A.

11,461,896

13,072,977

1,110,270

1,794,616

308 ΖΑΚΟΜΑ S.A.

11,187,892

13,310,240

202,257

-191,508

309 TSATSOULI BROS ROYAL S.A.

11,147,967

13,150,892

165,760

814,477

310 ETPA PACKAGING S.A.

11,037,756

11,465,208

507,828

1,131,528

311 VLACHAKIS S.A.

11,029,937

10,823,505

231,025

484,062

312 PROVERTIA S.A.

11,023,233

13,550,215

78,129

83,721

313 EL.V.IZ. S.A.

10,848,364

11,151,678

-360,897

-105,356

118

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRYâ&#x20AC;&#x2122;S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

314 MICREL MEDICAL DEVICES S.A.

10,792,927

14,119,060

2,866,701

5,059,638

315 AKZO NOBEL COATINGS S.A.

10,754,174

-428,779

316 KESIDIS BROS S.A.

10,721,864

560,368

317 VIOMAL S.A.

10,578,684

-399,427

318 EURICOM HELLAS S.A.

10,546,544

14,967,414

-160,690

2,979

319 VOTOMOS S.A.

10,489,861

10,729,856

15,852

51,471

320 CORUS -KALPINIS-SIMOS S.A.

10,403,270

10,494,570

-1,105,310

-1,075,810

321 NORSAFE WATERCRAFT HELLAS S.A.

10,356,642

11,585,792

629,449

1,379,019

322 DODONI ICE CREAM S.A.

10,249,191

9,314,491

-2,543,989

-3,307,318

323 GEOK S.A.

10,152,150

8,180,704

-1,257,395

-1,207,416

324 A.VI.GAL S.A.

10,110,716

10,235,113

562,497

1,041,281

9,845,987

6,162

325 ACHAIKA PLASTICS S.A. 326 ASEAR S.A.

9,838,350

9,844,210

6,240

13,836

327 KLIMATECHNIKI S.A.

9,761,386

12,104,361

-95,832

331,630

328 IRAKLEIAS GINNING MILLS S.A.

9,690,840

7,481,491

130,966

6,953

329 INTERPLAST S.A.

9,540,619

9,965,533

-27,466

208,487

330 KIMET HELLAS S.A.

9,435,206

10,766,442

-33,635

232,612

331 IOANNIS ILIA ALEXAKIS SINGLE-MEMBER LTD.

9,402,135

10,762,408

1,526,181

1,301,804

332 LABRIDIS BROS S.A.

9,389,455

10,651,849

829,220

528,441

333 GATIDIS S.A.

9,263,044

8,034,170

407,971

501,518

334 DROMEAS S.A.

9,205,000

9,005,000

-1,820,000

-1,938,000

335 ALKYON S.A.

9,072,220

9,183,526

438,124

393,241

336 PRESSIOUS ARVANITIDIS

9,059,225

9,300,505

-734,730

411,465

337 AKROLITHOS S.A

8,989,916

9,403,870

1,345,103

1,097,479

338 BIORKAPET S.A.

8,940,606

8,166,174

-5,053,718

-3,846,810

339 KOURELLAS S.A.

8,909,741

9,334,154

-60,685

-249,878

340 ILIAKI ELAIOURGIA LTD.

8,805,634

17,804,566

-142,077

-269,172

341 OMIROS DAIRIES S.A.

8,770,231

10,717,753

918,265

913,344

342 ELEFSIS SHIPBUILDING AND INDUSTRIAL ENTERPRISES S.A.

8,732,980

-27,208,430

343 PAPADIMITRIOU C.C. S.A.

8,703,512

8,478,319

-153,269

105,936

344 AEIFOROS S.A

8,583,420

7,624,527

536,000

18,650

345 SPANOS S.A.

8,535,930

8,803,971

61,845

50,173

346 GREEK PEPPERS S.A.

8,476,923

8,697,833

-304,585

-295,964

347 AIGIS S.A.

8,443,000

8,158,000

-75,000

-168,000

348 VAMVAKOURGIA VIOTIAS S.A.

8,437,469

6,645,165

21,458

532,085

349 ETIL S.A.

8,372,805

7,171,285

191,201

-43,684

350 CHELMOS S.A.

8,339,840

9,958,791

698,017

850,709

351 ETANAP S.A.

8,247,085

8,464,435

1,140,605

1,284,267

352 ASTIR VITOGIANNIS BROS S.A.

8,160,517

22,012,422

1,322,858

5,413,503

353 TR DITSIOS and BROTHERS and CO S.A

8,007,762

2,366,435

131,244

-138,331

354 DAKAR COTTON S.A.

7,994,836

4,096,018

-622,881

-324,145

355 BIOFRESH S.A.

7,967,196

-209,442

356 AGGELAKIS S.A.

7,925,715

6,168,459

-164,182

-298,124

357 ALEX S.A.

7,918,523

8,914,098

21,660

-126,139

358 NEWA.GE CLOTHING S.A.

7,853,606

481,242

119

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRYâ&#x20AC;&#x2122;S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

359 ADELCO S.A.

7,848,809

8,133,171

2,119,101

1,848,935

360 VIOSTAMP S.A.

7,770,515

-399,773

361 CO.ME.CO S.A.

7,769,594

7,520,164

17,828

151,122

362 AMVROSIO LTD

7,739,665

9,476,315

9,542

21,446

363 EUROFEED S.A.

7,695,883

7,100,643

-178,938

202,251

364 EXPOPEL S.A.

7,415,491

3,731,471

108,781

-553,850

365 IOANNIS KORDATOS S.A.

7,405,895

1,965,596

-915,505

-30,087

366 APOSTOLIDES ACCA S.A.

7,376,021

8,236,555

566,796

321,049

367 NIK. KAISIDIS S.A.

7,324,274

5,319,229

1,018,628

989,511

368 VICTORIA I. SARASITIS SA

7,255,998

7,918,624

1,318,636

1,565,450

369 ATLAS BETON S.A.

7,240,483

543,198

370 DOXA S.A.

7,220,570

7,299,792

-407,481

679,654

371 EXPLORER S.A.

7,177,423

6,657,988

97,638

98,134

372 MITROSILIS S.A.

7,129,125

9,812,397

161,305

192,330

373 HALKIDIKI POULTRY A. KARAGIANNAKIS S.A.

7,108,230

6,380,241

64,361

282,921

374 SOFADON GINNING MILLS S.A.

7,103,316

4,171,881

280,809

12,320

375 GALAKTOKOMIKI TRIPOLEOS PAPADOPOULOS S.A.

7,094,405

562,466

376 LESVOS DAIRY S.A.

7,091,440

7,626,245

486,603

662,468

377 ELASTOTET S.A.

6,983,208

7,591,699

187,527

251,319

378 ANAPTIXIAKI ETERIA GERGERIS S.A.

6,943,779

7,187,854

657,766

183,896

379 MAST FOODS S.A.

6,924,382

-67,944

380 VIOLANTA S.A.

6,863,074

7,539,100

1,462,814

964,111

381 DRIVAPLAST S.A. PANAG. D. DRIVAS & SONS S.A.

6,808,445

584,232

382 AKRIDAS BROS S.A.

6,712,929

162,139

383 X. GIANNOULIS S.A.

6,583,103

6,557

384 I.M. STROFILIA LTD.

6,492,897

6,526,569

-484,395

361,160

385 GIANNIOTIS S.A.

6,462,516

5,333,818

1,166,351

1,003,948

386 ARMOS S.A.

6,423,369

5,643,883

-99,879

-289,109

387 EVOIKI ZIMI S.A.

6,401,753

6,067,180

168,989

242,482

388 DOMAINE COSTA LAZARIDI S.A.

6,398,217

7,533,711

-945,885

-1,073,212

389 SKO P. KRYSTALLIDIS S.A.

6,377,253

5,774,778

-841,635

-417,634

390 VIOKEF S.A.

6,344,903

6,004,288

570,173

223,582

391 VERMA DRUGS S.A.

6,331,069

6,743,116

315,645

1,292,574

392 VIORAL S.A.

6,284,196

6,487,641

881,893

993,723

393 THESSALIKO TRIKALON S.A.

6,136,976

7,037,150

656,085

245,870

394 VALIADIS S.A. HELLENIC MOTORS

6,122,809

6,070,604

498,512

451,449

395 3I - INTERNATIONAL INNOVATIVE INDUSTRIES S.A.

6,046,621

228,119

396 VELER ARAPOS HERCUKES S.A.

6,018,644

6,721,970

168,179

207,140

397 HELLENIC SALTWORKS S.A.

5,974,409

5,122,701

371,802

-377,003

398 VIKELIDES - CHRISANTHIDIS S.A.

5,954,704

5,873,869

-416,708

-155,337

399 ELVIGRO S.A.

5,869,707

6,946,262

70,339

347,962

400 VESZ - F.A. MANOURAS S.A.

5,794,416

5,106,926

15,307

112,915

401 VAMVAX S.A.

5,777,759

5,250,910

2,348

962,077

402 HELIOAKMI S.A.

5,753,529

6,341,027

923,911

1,461,612

403 ARCHONTAKIS V. S.A.

5,590,364

6,229,062

335,915

260,328

120

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

404 BIOERGEX SALATA BROS S.A.

5,588,003

307,027

405 LYHNIA S.A.

5,578,009

9,960

406 ZEUS KIWI S.A.

5,571,209

7,421,822

161,109

551,919

407 DIAMORFOTIKI S.A.

5,555,066

136,492

408 KARILAKIS A. LTD.

5,541,338

5,352,162

-87,976

26,496

409 AMPOTIS AQUACULTUR S.A.

5,531,910

29,735

410 ALIEIA S.A.

5,508,358

5,745,192

244,267

360,169

411 ELFON LTD

5,484,004

3,792,929

240,292

451,164

412 ILIAKA VIOMICHANIKA SFAGEIA S.A.

5,443,536

5,881,539

63,466

235,713

413 GRAMMOS S.A.

5,419,216

4,113,790

-313,923

-104,471

414 DIGENI CO S.A.

5,402,666

4,305,839

1,678,422

1,478,490

415 BIOAGROS S.A.

5,401,863

5,397,905

74,288

75,051

416 ARISTI S.A.

5,349,161

4,935,047

35,323

42,933

417 AVENCO S.A.

5,316,370

5,211,846

231,790

60,708

418 SIAFARAS ELECTRIC SYSTEMS S.A.

5,323,457

4,158,241

802,047

527,122

419 FLOUR MILLS KOMOTINI S.A.

5,303,725

5,159,670

59,830

-21,011

420 XALKIS S.A. VAVOULIOTIS GOUNARIS - MITAKIS

5,286,721

-2,568,065

421 BIOMAR HELLENIC S.A.

5,228,103

4,866,835

295,742

193,396

422 DIMOPOULOU A.LTD.

5,134,057

4,000,025

204,320

209,759

423 ALUFOND S.A.

5,080,150

5,059,880

569,363

1,201,775

424 ELEMKO S.A.

5,044,423

5,390,865

-607,936

205,861

425 BIODIESEL LTD.

4,983,741

7,454,871

339,196

827,659

426 ALKI ASFALTIKA LTD.

4,976,777

4,937,983

447,702

433,174

427 AXAIKO ENTELVAIS S.A.

4,957,484

5,031,851

201,390

249,228

428 DOMYLCO LTD.

4,950,147

4,053,298

872,723

840,019

429 JVS ARROW INTERNATIONAL - VELOS DYNAMIKI .A.

4,940,532

4,076,702

1,004,843

816,369

430 KRITON ARTOS S.A.

4,883,894

5,271,856

154,583

4,226

431 CORFU SEA FARM S.A.

4,826,038

4,217,978

912,018

577,411

432 AIFANTIS BROS S.A.

4,786,529

4,382,857

160,323

320,669

433 ASSIMAKIS S.A.

4,768,271

4,385,036

1,024,398

929,481

434 KATSAROS SPOROKENTRO S.A.

4,765,401

4,244,780

76,937

30,437

435 KABRANIS K. S.A.

4,759,872

4,742,364

280,474

403,455

436 VAKREL S.A.

4,740,455

10,338,045

55,898

552,851

437 HERMES A. ITIMOUDIS S.A.

4,735,290

4,611,245

146,728

40,238

438 ANALKO LTD

4,730,085

4,540,490

-421,968

-522,868

439 ΑΝΕΞΑΡΤΗΤΑ ΜΕΣΑ ΜΑΖΙΚΗΣ ΕΝΗΜΕΡΩΣΗΣ Α.Ε.

4,685,596

5,927,533

-439,533

477,764

440 ANATOLI SPICES S.A.

4,680,537

4,045,645

545,024

365,138

441 DOMOCHIMIKI S.A.

4,679,688

11,710

442 GEORGOUDIS S.A.

4,662,525

4,859,956

15,245

-85,025

443 I. P. ANAGNOSTAKOU & SONS S.A.

4,601,717

746,516

444 K. DERMANIS S.A.

4,589,614

4,598,549

133,130

110,212

445 IMAPLAST LTD.

4,554,132

4,503,264

375,575

294,435

446 V.S. DIAMANTOPOULOS “SUN” SPICES S.A.

4,552,155

4,841,090

-201,525

-188,322

447 ΚOΝ.ATHANASIADIS & C.O S.A.

4,551,679

-352,126

448 NIK DASTERIDIS S.A.

4,548,692

4,839,150

304,329

479,344

121

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES TURNOVER 2014

TURNOVER 2015

PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

449 ILVIGAL V. KALOMOIRIS S.A.

4,490,984

4,844,973

59,265

57,992

450 NEOPLAST VLASSOPOULOS ANASTASIOS S.A.

4,464,116

4,434,287

928,295

1,084,693

451 VIOPOL S.A.

4,463,370

5,485,580

406,295

652,451

452 DIRFYS S.A.

4,457,928

4,856,957

-376,111

-353,341

453 GANIS BROS S.A.

4,452,014

4,035,245

49,249

38,978

454 CALLICOUNIS N.G. S.A.

4,449,674

4,477,364

-62,795

90,346

455 EVAL E.G. VALLIANATOS S.A.

4,420,235

4,991,119

275,013

206,833

456 ABEA “ANATOLI” S.A.

4,404,881

-252,123

457 BIOENERGIA PAPANTONIOU S.A.

4,363,991

4,881,274

227,799

249,839

458 KAMPAKAS S.A.

4,312,099

4,096,218

-1,683,753

-53,788

459 HELLENIC GASTRONOMY PALTSIDI S.A.

4,306,881

4,360,021

493,963

597,080

460 M. ARVANITIS S.A.

4,267,024

4,353,312

426,168

461,212

461 ZOGRAFOS DIET S.A.

4,255,868

4,117,246

415,007

395,049

462 DADAKARIDES S.A.

4,251,833

4,839,595

265,140

724,169

463 P.E.KASSINAKIS SA

4,233,041

4,502,400

3,631

-49,317

464 BIOROL S.A.

4,222,000

4,530,000

78,000

142,000

465 CARAD S.A.

4,197,334

3,995,238

-58,703

-26,916

466 BIANATT S.A.

4,125,958

4,205,852

34,850

-82,219

467 KLIDARITHMOS PUBLICATIONS LTD.

4,110,912

3,451,220

1,522,741

972,408

468 KATRADIS VEP S.A.

4,061,452

5,938,132

103,324

889,029

469 D.ANTONOPOULOS S.A.

4,058,930

3,882,543

406,843

290,584

470 GREEK FISH S.A.

4,051,044

3,812,804

152,080

172,486

471 GEK TERNA

4,017,000

7,834,000

6,624,000

18,358,000

472 BI.ME.KAT. SA

4,000,186

1,175,000

201,369

-70,677

473 DIOPAS S.A.

3,969,999

431,513

474 UNISOL - ANDRIOPOULOS S.A.

3,922,113

-38,071

475 GRAVAS MICHAEL G. LTD.

3,912,937

2,601,625

134,474

-66,753

476 E. THIMELIS S.A.

3,908,540

4,117,363

150,781

136,101

477 HARALABIDIS S.A.

3,902,756

4,633,161

38,693

33,713

478 M. GEORGIADI BROS S.A.

3,883,429

4,722,552

87,412

281,349

479 VETHELLAS S.A.

3,880,473

3,052,938

45,558

-104,455

480 DIMITRIOU MILK S.A.

3,846,547

519,491

481 DTS S.A.

3,825,980

4,292,010

607,060

14,314

482 VERNICOL S.A.

3,786,970

3,966,455

495,659

231,715

483 DUR S.A.

3,775,719

3,688,671

-761,235

-882,058

484 BIOMEK S.A.

3,740,668

3,022,316

88,240

46,811

485 TH. DIMITROULAKOS S.A.

3,733,996

3,918,027

510,566

910,573

486 ATHOS BETON S.A.

3,720,521

43,847

487 GEORGATSONAS S.A. METALIC CONSTRUCTIONS

3,691,814

3,667,409

565,093

594,301

488 ZOINOS WINERY S.A.

3,691,144

4,278,610

45,475

405,457

489 VITRO HELLAS S.A.

3,682,809

3,497,297

441,559

457,408

490 THANOS S.A.

3,666,091

3,833,236

32,358

-143,154

491 THERMOLITH S.A.

3,661,576

3,248,049

154,000

4,061

492 HELLENIC PROTEIN S.A.

3,650,891

3,386,980

233,932

123,155

493 DESMI PUBLISHING S.A.

3,588,723

3,091,407

-336,268

-266,071

122

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES TURNOVER 2014

TURNOVER 2015

PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

494 Ε.G.N.IL. LTD.

3,586,250

4,403,077

248,167

384,836

495 VITRUVIT S.A.

3,571,676

3,213,898

-1,475,997

-1,249,677

496 KIWOPLAST S.A.

3,557,105

3,169,371

127,269

15,490

497 LEONIDAS KAPPOS S.A.

3,552,677

2,622,304

74,893

74,738

498 ZAMPOURIS S.A.

3,539,433

3,671,538

282,685

425,886

499 THYMIOPOULOS FOOD LTD.

3,511,295

3,844,552

8,108

20,840

500 DERMITZAKIS BROS S.A.

3,505,196

4,239,948

128,830

10,612

501 A. DELIPOULIOS S.A.

3,484,617

3,574,809

167,291

405,444

502 ZAHARAKIS BROS S.Α.

3,481,910

1,568,834

-72,886

-548,400

503 AGROFARMA S.A.

3,468,816

3,504,506

142,907

108,794

504 IRAKLIDIS & SONS S.A.

3,468,016

5,758,772

31,373

70,538

505 VEI LTD.

3,453,489

2,940,223

15,976

4,731

506 KALLONI S.A.

3,422,539

2,804,520

20,877

-150,286

507 EVISAK S.A.

3,409,124

3,013,602

171,388

109,759

508 KARVOUNIS LTD.

3,378,354

3,753,964

12,828

48,577

509 AGROVIOM S.A.

3,355,054

3,610,782

56,579

57,587

510 THRAKIKI SPOROPARAGOGI S.A.

3,291,366

2,161,538

29,209

41,915

511 ALPHA ESTATE

3,287,275

4,239,017

77,048

103,455

512 ALCO HELLAS S.A.

3,269,203

4,716,526

-7,487,449

-5,952,612

513 AGROPA S.A.

3,231,661

4,105,978

91,365

218,370

514 EXI ALFA S.A.

3,229,844

4,389,016

-555,658

316,901

515 TASIOS LTD.

3,213,880

3,920,493

321,121

379,319

516 A. GIALAMAS S.A.

3,170,829

3,762,149

70,867

242,649

517 BIOKIP S.A.

3,146,550

48,556

518 EVIL S.A.

3,145,733

2,858,301

143,657

115,596

519 GEOBRES NEMEAN CURRANTS SULTANA RAISINS S.A.

3,136,789

2,307,259

-7,048

-30,283

520 SOFIANOS S.A.

3,136,695

3,818,866

203,444

100,240

521 ZARRAS S.A.

3,134,403

1,881,431

647,147

112,518

522 ALIMENTARIA S.A.

3,129,675

610,323

523 KDF LTD

3,113,296

3,274,171

106,582

75,725

524 INTERASSISTANCE S.A.

3,106,981

2,795,793

-118,548

-231,764

525 S & S RECOR BATTERIES LTD.

3,072,819

3,322,411

14,093

11,674

526 EGNATIA FOUNDRY S.A.

3,049,648

1,960,439

-146,748

-138,220

527 ALFA PAPOUTSIS LTD.

3,044,956

2,536,986

28,275

-470,584

528 ELSAP S.A.

3,026,135

4,727,767

-1,840,994

-370,429

529 TH. DELIGIANNIS S.A.

3,007,593

209,178

530 ALEA S.A.

2,988,151

2,591,528

-863,083

-426,918

531 VOUTSADAKIS S.A.

2,962,770

164,992

532 DIONYSSOS WINE S.A.

2,958,370

3,101,871

6,143

23,389

533 KATSAOUNI BROS S.A.

2,952,306

2,658,754

143,820

217,174

534 GRIVAS PUBLICATIONS S.A.

2,936,198

3,246,259

192,836

204,452

535 ATHOS WATER S.A.

2,903,467

44,030

536 ASFALTIKI S.A.

2,900,667

2,190,016

74,607

57,996

537 EBLOKO GR S.A.

2,893,490

3,399,388

52,067

81,187

538 THERMOSSOL STEAMBOILERS SA

2,880,061

1,526,983

39,992

-160,990

123

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES

539 4 TEENS LTD.

PRE-TAX INCOME 2014

TURNOVER 2014

TURNOVER 2015

2,876,554

2,520,818

3,196

PRE-TAX INCOME 2015 -141,208

540 KAROUSOSS S.A.

2,865,373

2,878,463

162,848

90,459

541 VIDALIS S.A.

2,852,216

1,498,167

23,463

23,347

542 A.P.RECYCLING LTD.

2,825,305

3,542,190

115,332

190,870

543 IHTHIME LTD.

2,801,170

2,609,817

71,670

49,714

544 THANOS LTD.

2,780,567

2,341,374

5,461

-31,347

545 KAPELOS DIESELS S.A.

2,778,303

3,106,190

109,475

343,228

546 G. KAPETANIOS & SONS S.A.

2,762,610

2,839,628

30,730

22,707

547 GIANNAKOUDAKIS S.A.

2,759,099

2,495,854

866,865

742,642

548 DONALD S.A.

2,751,451

134,626

549 DION S.A.

2,723,996

1,821,414

-337,783

-172,506

550 ELECTRON S.A.

2,700,404

3,807,808

405,477

942,995

551 ELLINO LTD.

2,693,811

3,895,254

61,140

90,197

552 VIOMICHANIKA ORYKTA ELLADOS S.A.

2,663,446

347,450

553 KANDYLAS S. S.A.

2,651,442

3,633,413

-255,826

78,837

554 ASFALTER S.A.

2,649,324

1,677,331

332,216

56,981

555 DELFINI S.A.

2,632,047

2,226,490

20,311

10,143

556 ADRITEC EUROPE S.A.

2,615,678

2,148,525

-19,665

-68,931

557 MESSINIAS RECYCLING S.A.

2,598,790

1,775,844

503,399

188,123

558 ELICON GRAPHICS LTD.

2,587,659

2,693,833

501,542

393,817

559 IMPERIAL STROM S.A.

2,572,088

2,555,677

-27,849

123,662

560 ELVAN S.A.

2,562,079

4,756,189

-565,239

-479,589

561 AEROGRAMMI S.A..

2,557,908

3,029,526

166,523

365,777

562 AGROLESVOS S.A.

2,538,708

2,509,271

652

24,242

563 BIOKAL S.A.

2,534,940

200,849

564 ATHLOTECHNIKI S.A.

2,531,200

2,560,913

47,408

34,153

565 AIOLIKOS S.A.

2,508,425

3,159,313

2,988

124,193

566 ALFA PACK S.A.

2,488,193

2,286,079

10,159

3,134

567 DIM OUDI BROS S.A.

2,477,163

1,865,273

64,068

7,495

568 VIDALIS S.A.

2,471,517

2,723,965

169,156

242,512

569 GEORGIADIS CARS S.A.

2,454,722

2,744,541

219,000

450,536

570 KARABELA BROS S.A.

2,452,855

2,454,162

-192,207

-197,238

571 VIDOMET S.A.

2,417,209

-8,646

572 GREEN COLA COMPANY S.A.

2,394,552

87,175

573 G. KARAKOUSIS S.A.

2,387,675

1,685,123

116,740

92,987

574 ATHLITIKES PROVLEPSEIS PUBLISHING S.A.

2,353,767

16,647

575 ANTONAKIS L. - Ε. ARCHONTAKIS S.A.

2,323,589

2,469,589

44,296

-73,008

576 ADRAS FROST S.A.

2,313,615

2,197,517

2,726

-83,037

577 VARSOS S.A.

2,302,651

2,173,540

96,782

127,830

578 J. BARBAYANNIS LTD.

2,299,302

2,248,035

459,474

467,455

579 D. AGATSAS S.A.

2,296,126

3,780,982

75,383

263,992

580 KARATZAS S.A.

2,288,456

1,263,225

2,991

-7,005

581 ANETE S.A.

2,286,203

1,196,072

62,829

22,508

582 GEKA S.A.

2,269,855

-7,284,772

583 IMAGE SOLUTIONS LTD.

2,264,839

2,059,973

811,406

204,726

124

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

584 Α.Μ.Ρ. S.A.

2,253,929

2,653,878

161,674

57,925

585 BIOTZA – TZAGKARAKIS A. & I.S.A.

2,248,975

65,651

586 VIMEX SA

2,229,077

7,576

587 CABAS N. S.A.

2,224,248

2,188,670

724,346

644,197

588 G. KATSIFA S.A.

2,199,854

2,236,521

583,617

506,656

589 P. VASSILOPOULOS BROS S.A.

2,185,877

2,396,916

33,188

32,061

590 ELEOURGIKI ILIAS S.A.

2,182,060

3,453,425

-284,565

-28,834

591 CH. ZGKOTSI - AR.KIOURTIDIS S.A.

2,178,072

2,271,136

-975,050

-108,931

592 VITORGAN LTD.

2,149,618

2,577,046

599,997

664,354

593 JULIETTE ARMAND S.A.

2,142,964

2,562,671

15,175

22,785

594 WESTAND S.A.

2,136,501

1,577,064

320,879

-191,999

595 HELLAS FROST S.A.

2,103,046

2,388,075

60,753

-229,506

596 G. DRAPELI BROS S.A.

2,089,284

1,782,753

-16,835

-48,835

597 PARAGOGIKI THRAKIS S.A.

2,087,077

928,168

-353,755

-547,334

598 AGNOUNTA LTD.

2,079,185

50,065

2,787,299

97,904

599 HELIOPOULOS S.A.

2,071,831

2,050,569

-149,126

-71,339

600 VASILEIOU DAIRY S.A.

2,070,746

2,114,088

129,688

22,824

601 SALONICA CONSTRUCTIONS S.A..

2,058,458

2,232,974

294,758

118,336

602 KATOGI & STROFILIAS.A.

2,045,553

2,243,305

-671,491

-296,718

603 ASTIR PAPANIKOLOPOULOI BROS - G. KAFKALIAS & SIA S.A.

2,040,859

1,913,008

147,629

145,692

604 ASFALTIKI S.A.

2,037,419

1,782,013

109,405

59,218

605 SULTANAS EXPORT UNION LTD.

1,993,198

1,814,292

-7,739

4,033

606 BIOPANEL S.A.

1,964,867

1,770,421

13,701

3,419

607 ARVANITIS S.A.

1,949,051

1,817,410

97,635

84,628

608 EKAT BETON S.A.

1,943,861

1,880,306

112,194

88,543

609 VIOMICHANIKO SFAGEIO IMATHIAS S.A.

1,929,615

31,034

610 ATHENS VOICE PUBLISHING S.A.

1,925,376

57,343

611 VIELTA G. GOUTAS - S. GERANTONIS S.A.

1,924,952

1,889,113

284,794

149,173

612 ΑΧΑΙΑ CLAUSS 1861 LTD.

1,916,124

-345,795

613 ΒΟΥΓΙΟΥΚΛΗ Α.Ε.

1,912,275

-73,123

614 INOS HELLAS S.A.

1,910,193

1,646,572

12,446

12,530

615 ELEONES OF CHALKIDIKI S.A.

1,904,146

2,757,289

81,020

91,412

616 ALFA PRESS S.A.

1,901,040

155,935

617 ASFALTIKA ATTIKIS S.A.

1,890,280

140,363

618 AP. AIFANTIS & SONS S.A.

1,889,480

1,962,797

48,457

-22,650

619 AGEX S.A.

1,885,781

252,562

620 ST. DIMARAKIS S.A.

1,883,654

-182,293

621 CURTAIN TAPES S.A.

1,882,333

1,816,472

5,714

-176,265

622 AGROTIKA EFODIA S.A.

1,845,211

-53,895

623 BIAMAK S.A.

1,844,911

174,445

624 THYRATRON SA

1,838,699

3,053,183

450,268

886,403

625 VOTHYLIA S.A.

1,808,685

-4,317

626 ERYSSOU FISHING FARM LTD.

1,794,595

2,284,802

759

270

627 VALAVANIS METAL S.A.

1,794,210

1,759,917

80,437

36,964

628 CARTABIANCA HELLAS LTD.

1,778,853

1,264,321

6,842

13,171

125

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

629 KATAL S.A.

1,776,900

1,906,842

-69,572

-153,457

630 BIOXYM S.A.

1,775,306

-356,898

631 AVIP CONSTRUCTING - INSULATING LTD.

1,774,264

2,178,985

55,185

124,062

632 S. AIVAZIDIS S.A.

1,773,236

1,251

633 DYTIKI STACHTIARIS S.A.

1,772,920

1,716,553

-16,418

-64,137

634 KLIAFA BEVERAGE COMPANY S.A.

1,747,295

1,560,627

-87,432

-97,895

635 CHAR. DIMITRACAS S.A.

1,744,907

1,712,422

76,354

26,542

636 X. GEORGIADIS S.A.

1,742,546

125,736

637 VINELLAS S.A.

1,733,779

1,780,240

4,370

7,223

638 AMPELOS LTD.

1,728,857

1,592,729

59,510

100,408

639 DORIKON S.A.

1,719,646

1,537,143

3,047

-118,608

640 ERGO S.A.

1,705,689

1,920,955

-622,644

-30,804

641 VIOPLASTIKI ILIOPOULOS BROS S.A.

1,699,123

1,301,352

-176,421

-103,716

642 THRACE COTTON GINNING Co. S.A.

1,682,115

1,785,100

-487,094

-642,115

643 IONIKES PUBLISHING S.A.

1,679,118

1,339,747

-265,674

-413,546

644 ELVIOMEX S.A.

1,679,081

1,970,173

223,054

356,920

645 ANCO HELLAS S.A.

1,677,542

2,081,959

-753,763

-740,922

646 GIOUKA S.A.

1,665,899

2,045,436

96,087

35,449

647 AERAGOGOI KRITIS DERMITZAKIS S.A.

1,665,136

1,192,699

451,927

307,092

648 VELLIS S.A.

1,660,844

1,524,939

37,097

-25,481

649 AXON ENGINEERING S.A.

1,659,504

1,455,912

279,971

70,105

650 ACCES GRAPHICS S.A.

1,654,377

2,556,303

42,372

286,260

651 INTEROLIVA S.A.

1,646,167

1,758,938

-251,536

-617,609

652 ELLINIKO MELI S.A.

1,642,678

1,512,506

82,190

52,717

653 ANATOMIC HELP S.A.

1,640,300

1,693,389

-73,188

531

654 F. KARADIMOGLOU S.A.

1,628,789

2,557,012

397

-27,099

655 BIOTREK S.A.

1,618,847

1,794,349

-6,756

-19,312

656 THERMOKIPIA OF CRETE S.A.

1,610,652

1,599,800

77,825

43,550

657 DELTA OIL HELLAS S.A.

1,602,513

1,486,427

184,257

86,061

658 ELAIOURGIKI VOIOTIAS S.A.

1,598,083

3,931,435

-115,835

180,915

659 HIPPOKRATIS S.A.

1,596,693

1,371,379

57,066

22,153

660 KAMARAKIS S.A.

1,588,694

1,469,148

15,393

19,675

661 KEDAP S.A.

1,578,827

1,787,049

-84,505

-227,926

662 AGREK K. SAMANTOUROS SA

1,574,077

1,956,716

-383,488

558,410

663 EUROPE KNITTING S.A.

1,568,752

1,566,259

1,622

2,266

664 ASIMTECH LTD.

1,565,845

1,326,068

457,287

223,671

665 P.VOURKA BROS S.A. STANDARD CONCRETE

1,563,156

758,688

-118,062

-158,881

666 STERGIOU S.A.

1,552,393

-260,142

667 ARGOSARONIKOS FISHFARMS S.A.

1,550,289

1,965,917

13,969

50,922

668 BIOFARMA S.A.

1,549,687

47,415

669 GALANOS S.A.

1,549,020

101,839

670 AL-CO S.A.

1,538,234

65,890

671 GRAFOTYPIKI S.A.

1,532,837

1,296,747

-285,462

-123,746

672 AJAX S.A.

1,509,821

1,720,201

180,111

325,657

673 THANOS S.A.

1,505,448

1,453,630

-57,060

-38,204

126

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

674 GLEZAKOS S.A.

1,479,094

3,684

675 D. ZERVOPOULOS S.A.

1,468,185

1,252,604

-26,667

-37,719

676 PANAGIOTIS AKOGLAN LTD.

1,462,343

1,134,846

-71,086

-42,938

677 DRITSA - KAGKLI S.A.

1,456,668

3,007,590

-14,937

579,765

678 DOUKAS HELLAS S.A.

1,456,502

1,411,591

11,104

-79,795

679 GAIA PELLAS LTD.

1,455,211

3,154,958

-8,329

5,709

680 GEOTHERIMIKI S.A.

1,452,076

2,472,468

4,973

236,784

681 ASPROKAT S.A.

1,450,713

2,038,825

-2,087,028

-839,901

682 GAIA WINES S.A.

1,445,312

1,627,389

131,232

121,705

683 DRAGONAS BROS S.A.

1,429,928

1,643,522

34,790

35,716

684 ALEXOUPOULOS M. & P. LTD.

1,425,699

1,450,360

11,234

5,276

685 ALFALUMIN S.A.

1,424,679

1,413,490

91,987

199,409

686 VLAVIANOS GLASS S.A.

1,415,728

1,638,943

105,229

105,152

687 DOUKAS S.A.

1,410,658

1,502,309

41,766

114,401

688 AGOGOS S.A.

1,403,586

-132,745

689 ELAIOURGIA FOINIKIAS S.A.

1,399,050

359,591

42,317

69,761

690 ANTHOPOULOS S.A.

1,391,247

1,523,897

44,887

89,052

691 ALPHABET S.A.

1,390,666

49,724

692 32 ABOVE S.A.

1,390,535

530,130

80,204

34,084

693 Ε. GEORGITSELIS S.A.

1,386,930

-467,689

694 ELAIOURGIA MAGNISSIAS S.A.

1,383,781

2,837,284

-719,019

46,051

695 GESIKAT LTD.

1,381,850

2,421,699

148,880

588,759

696 K. ANTONIOU & SIA S.A.

1,378,916

799,139

264,104

23,018

697 KAVALA SPARGEL S.A.

1,377,567

1,488,024

-342

6,146

698 AGROFLORA S.A.

1,374,972

134,088

699 ILIOTYPO S.A.

1,373,049

1,195,228

89,455

7,298

700 EL GAZ S.A.

1,372,971

1,243,630

131,552

119,199

701 GOUSTERA S.A.

1,365,877

529,256

-522,767

-637,379

702 GARAGKOU BROS S.A.

1,361,310

-41,214

703 AVETEL S.A.

1,328,093

1,070,451

-8,380

-110,257

704 AGROFARM S.A.

1,326,275

1,358,597

-46,491

-39,818

705 APOLLONION S.A.

1,324,956

1,193,422

-290,612

-316,167

706 HELLAS MINK FARM S.A.

1,324,531

2,234,445

-99,281

-28,222

707 ARGO-PRINTINGHOUSE LTD.

1,311,778

1,303,897

237,595

273,066

708 ARGONAFTIS PUBLISHING LTD.

1,309,237

823,799

38,710

66,912

709 HELLENIC FABRICS S.A.

1,309,160

434,400

-9,334,220

-9,261,350

710 DERVISI BAKERY S.A.

1,307,132

1,352,387

44,688

114,109

711 AXERON BETON S.A.

1,294,384

1,301,630

49,830

118,828

712 CH. & D. VASSARAS TEXTILES S.A

1,290,585

1,282,851

42,336

39,514

713 EVRITIKA KELLARIA S.A.

1,281,398

1,473,273

-114,308

-175,171

714 MULTI PACK S.A.

1,276,547

1,262,004

292,081

207,078

715 V. KIVOTOPOULOS S.A.

1,266,072

1,283,063

97,593

102,923

716 VERMIO LTD.

1,265,297

1,316,140

-17,261

-28,435

717 A. DELINTZIS S.A.

1,264,641

1,189,651

27,339

25,964

718 GIANNETOS S.A.

1,252,712

1,286,404

10,641

1,289

127

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRY’S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

719 V. KAMPYLAFKAS S.A.

1,252,387

1,250,472

254,181

232,619

720 V.E.KALOGIANNIS S.A.

1,235,985

1,139,626

-27,965

-33,882

721 ELEOURGIA PREVEZIS S.A.

1,223,026

1,478,862

-310,256

722 VRISSAS S.A.

1,209,270

1,213,658

14,821

-85,126

723 UNIPRINT S.A.

1,204,947

44,064

724 AGAN SINGLE - MEMBER COMPANY LTD.

1,204,547

274,102

725 AVELLAS LTD.

1,191,770

977,348

46,361

26,422

726 ATHINAIKA TYPOVAFEIA S.A.

1,191,448

142,829

727 AGROCHEMICALS OF CRETE S.A.

1,170,920

1,133,916

2,835

-48,508

728 KARAGOUNIS BROS S.A.

1,170,688

1,276,170

46,229

58,721

729 GRECA PIZZA LTD.

1,168,537

1,315,917

121,334

169,162

730 VONITSA FISHING FARM S.A.

1,165,822

981,180

10,221

-70,552

731 A. GEROLIMATOS S.A.

1,164,123

-17,220

732 VIOTOPA LTD.

1,158,164

148,495

184,306

-6,836

733 DELTA IOANNIDIS BROS S.A.

1,155,574

1,380,508

37,525

51,121

734 GEORGOULA A. BROS S.A.

1,153,010

993,305

147,034

103,939

735 VIOKAR S.A.

1,147,165

1,070,989

-82,663

-117,968

736 G. DATSERI BROS S.A.

1,140,152

1,103,521

446,739

390,256

737 EX.METAL S.A.

1,130,838

1,158,755

-77,880

-153,352

738 ATHANASSOULAS S.A.

1,095,669

192,357

739 ISAAK ANTZEL S.A.

1,093,365

853,585

-77,639

-163,904

740 GAZORAKIS S.A.

1,079,728

1,021,132

-19,325

-15,364

741 ANOSKELI S.A.

1,075,591

1,636,757

-178,639

-287,307

742 V. VATZEDAKIS S.A.

1,072,005

965,367

-317,161

22,134

743 DELTA PI S.A.

1,069,747

2,004,335

-27,581

389,584

744 A. KALATZOGLOU S.A.

1,066,259

1,080,759

62,587

85,971

745 C. ZAFIROPOULOS - A.TOMARAS S.A.

1,064,120

963,253

16,560

-112,038

746 HELLAS GKAZ LTD.

1,063,062

1,294,001

32,941

29,320

747 VIOMICHANIKA SFAGEIA ACHELOOU S.A.

1,055,639

1,033,894

303,089

290,496

748 GALVANISTIRIA ELLADOS S.A.

1,047,305

1,407,613

-13,130

159,454

749 KEFALAS SPARTA S.A.

1,044,241

1,529,827

-2,626

48,023

750 A.V.E.P.E. S.A. VARANGIS

1,041,700

-3,806,505

1,308,289

-1,936,807

751 AFROTEX S.A.

1,034,719

1,201,209

4,290

5,276

752 N. ASSIMAKOPOULOS S.A.

1,011,384

1,029,316

-417,422

25,325

753 Α.Κ.Ε.Κ. S.A.

1,008,608

-1,038,446

754 VERDES S.A.

1,007,463

1,993,993

59,203

603,370

755 G. DIMOULAS LTD.

1,003,329

868,129

-108,929

-325,795

756 DIAPORI FISHINGFARM S.A.

1,002,768

980,170

62,208

58,766

757 DEKALOGOS LTD.

1,001,219

837,593

49,702

44,150

758 EVAK S.A.

1,000,610

1,069,646

-36,295

-9,508

759 K. DIAMANTIS S.A.

997,398

1,260

760 VLAHA S.A.

994,238

64,225

761 EMIRLI MARIA LTD. “MAESTRI”

992,794

1,133,147

168,032

152,450

762 GALANOS CHICKENS S.A.

984,644

21,730

-745,508

-103,527

763 GAITANELIS S.A.

980,351

88,872

128

CREATIVE GREECE 2017 - EXPORT LEADERS

THE COUNTRYâ&#x20AC;&#x2122;S MAJOR EXPORTING BUSINESSES PRE-TAX INCOME 2014

PRE-TAX INCOME 2015

TURNOVER 2014

TURNOVER 2015

764 ELLINIKI VIOMICHANIA TROFIMON S.A.

978,248

914,850

3,712

-14,362

765 NIKOU BROS S.A.

970,261

939,913

-94,874

-38,616

766 SCIENTIFIC ENTERPRISES LTD.

963,743

1,382,478

25,732

41,585

767 DOMIKI NEAPOLIS S.A.

963,504

34,873

768 M. KLADAS S.A.

960,089

962,057

105,426

32,601

769 AEROHYDRAULIC S.A.

942,345

672,706

770 K. & I. M. GAVALAS S.A.

940,695

682,099

-37,888

-74,554

771 DOMIKI ETOIMO SKYRODEMA S.A.

940,593

382,240

10,381

79,963

772 G. ST. GOUGOULIANAS & CO. S.A.

936,136

1,065,994

-4,405

143,766

773 DEDEBILIS S.A.

933,801

768,358

7,068

3,781

774 ST. ALIPRANTIS S.A.

932,533

936,423

54,280

25,100

775 CARBOKAL S.A.

932,314

2,329,971

-103,975

-313,826

776 THERMODYNAMIKI S.A.

924,748

588,963

11,396

-160,772

777 AKMON S.A.

924,642

1,601,431

7,964

57,851

778 ATHANASSIOU, E., - A. DINOS D&A LABEL S.A.

921,005

1,057,106

1,353

29,896

779 DOIRANI S.A.

920,556

1,495,669

-82,462

-260,074

780 G. ZERVAKIS S.A.

919,620

1,113,629

2,109

-206,156

781 HEPHAESTUS STEFANOU S.A.

917,084

2,541,114

-282,950

453,072

782 EL.IN. S.A.

915,555

1,005,648

59,260

12,893

783 EN.PO.KA. S.A.

908,918

1,386,392

7,106

7,132

784 THERMOZEL SA

907,264

878,636

-99,647

-95,296

785 HUMOFERT SA

905,750

62,146

786 AVRAMOPOULOS S.A.

895,503

976,124

44,795

15,984

787 VIOKAR S.A. KARACHALIOS CH.

893,112

919,045

-12,904

-120,744

788 VOIVODAS GEVY S.A.

889,854

912,337

18,729

16,752

789 D. GIANNOPOULOU BROS S.A.

885,502

695,433

8,167

-97,668

790 DOUBIA - MALAMATINA S.A.

877,057

985,414

-1,808,419

-740,437

791 F - ONE HELLAS S.A.

875,895

978,366

-40,082

22,750

792 ASFALTOLATOMIKI S.A.

871,659

809,407

23,544

78,090

793 GIOTAS S.A.

871,011

689,587

-335,464

-239,278

794 ELVIETH S.A.

862,609

879,098

7,165

17,318

795 THYREA LTD.

861,928

795,979

-79,400

-72,124

796 IOANNIS G. KALLERGIS LTD.

850,650

744,517

88,158

-31,520

797 A. GKARAGKOS PLASTIKA THESSALONIKIS S.A.

848,825

-41,323

798 VIOKAL LTD

845,993

984,961

101,384

118,166

799 VAGIAS FOODS S.A.

845,192

1,237,832

63,291

65,925

800 HELLENIC SMART CARD INDUSTRY S.A.

843,245

1,000,960

8,056

5,661

Source: Hellas List

129

CREATIVE GREECE 2017 - EXPORT LEADERS ΟΜΙΛΟΣ ΕΤΑΙΡΕΙΩΝ

GROUP OF COMPANIES

HELLENIC PETROLEUM S.A.

HELLENIC PETROLEUM: The Key Role of a Leading Energy Group in SE Europe

Grigorios Stergioulis, Chief Executive Officer

Contact details 8A Chimarras St., GR 151 25, Maroussi, Athens, Greece Tel.: +30 210 63 02 000 Fax: +30 210 63 02 510 Website: http://www.helpe.gr/

130

Founded in 1998, Hellenic Petroleum (ELPE) is one of the leading energy groups in South East Europe, with activities spanning across the energy value chain and presence in 6 countries. In 2015, Group Adjusted EBITDA amounted to €758m, on total revenues of €7.3bn. Hellenic Petroleum’s key shareholders are Paneuropean Oil and Industrial Holdings S.A. (42.6%) and the Hellenic Republic Asset Development Fund (35.5%). Refining is the Group’s core business, accounting for 75% of total assets. It owns three of Greece’s four refineries, of total capacity of 340 kbpd, with a 65% share of the domestic oil products wholesale market. The Group is the domestic ground fuels marketing leader, through its fully-owned subsidiaries EKO and Hellenic Fuels (former BP Hellas). The two companies comprise a retail network of c.1,700 service stations throughout Greece as well as LPG, industrial, aviation and marine fuels and lubricants businesses. Hellenic Petroleum is a leading player in SE European markets. The Group owns the OKTA industrial installations in Skopje (FYROM) and through its network of 295 petrol stations is one of the key fuels marketing players in Cyprus, Serbia, Bulgaria and Montenegro. The Group’s portfolio includes exploration and production rights in Greece. The Group is acting as an operator (50% stake) for an international joint venture, which owns exploration and production rights of hydrocarbons in the offshore area of West Patraikos Gulf. In February 2016, following relevant international tender, HELLENIC PETROLEUM was selected as the preferred bidder for the lease of Arta-Preveza and NW Peloponnese areas. Hellenic Petroleum is the sole petrochemicals producer in Greece, mainly active in the propylene- polypropylene value chain. Domestic market shares exceed 50%, while exports account for more than 60% of sales. HellenIC Petroleum is also active in the power and gas sectors. Power generation and trading activities are carried out through Elpedison, a JV with Italian EDISON. The JV owns and operates two CCGT plants in Greece, one 390MW plant in Thessaloniki and a 420MW plant in Thisvi. Moreover, HELLENIC PETROLEUM recently entered the field of renewable energy sources with a portfolio exceeding 200MW in various development stages. The Group is present in the natural gas sector through its 35% stake in DEPA, the main natural gas importer and wholesale supplier in the country. DEPA fully owns DESFA, Greece’s natural gas grid owner and operator, and 51% of each of the local supply companies (EPAs). In 2015, ELPE reported a drop in sales to 6.58 billion euros compared to 8.75 billion euros a year earlier. However, pre-tax profit jumped to 22.7 million euros against a loss of 426 million euros in 2014.

CREATIVE GREECE 2017 - EXPORT LEADERS

Petroleum Industrial

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.

A leader in the oil refining business

Vardis Vardinogiannis, President of Motor Oil Hellas

Contact details 12A Irodou Attikou St., 151 24 Maroussi, Attica, Greece Tel: +30 210 8094000 Fax: +30 210 8094444 Website: www.moh.gr E-mail: info@moh.gr

Motor Oil Hellas (MOH) is committed to being a leader in the petroleum refining business, providing its serving region with a reliable and affordable supply of energy. Through its evolution, MOH is now considered as one of the major contributors to the domestic economy and a key market player in the region. MOH is listed on the Athens Exchange and is a constituent of the ATHEX COMPOSITE INDEX, FTSE/ATHEX LARGE CAP INDEX, as well as various sectoral indices. The Refinery, together with its ancillary plants and offsite facilities, form the largest privatelyowned industrial complex in Greece and is considered as one of the most modern refineries in Europe. Due to its flexibility, it can process crude oils of various characteristics and produce a full range of petroleum products, complying with the most stringent international specifications, serving major petroleum marketing companies in Greece and abroad. Apart from fuels, MOH is the only Lubricants producer and packager in Greece. Base oils and finished lubricants produced are approved by International Organizations, ACEA, API, the US Navy and Army. The Refinery production operations are located in Agii Theodori, in the province of Corinth, about 70 km west of Athens. The Administration and the General Divisions of Marketing, Finance, Administration & Human Resources and Strategic Corporate Planning & Development are housed at the company headquarters in a modern building in the Athens suburb of Maroussi. MOH’s Quality Management System is certified according to ISO 9001:2008 for the production & delivery of fuels, lubricants, waxes and bitumen. Additionally, the environmental management systems are certified according to ISO 14001:2004, while the Health and Safety system is certified according to OHSAS 18001:2007. The firm is Greece’s only oil refinery to have been certified with these three certifications. The Company is totally committed to continuous quality improvement, and within the scope of this commitment, in September 2006 the Refinery’s Chemical Lab was certified according to ISO 17025:2005 by Greece’s National Certification System (ESYD), valid up to September 2018. Furthermore, since 2007 within the framework of its commitment for continuous improvement of Environmental Management, the Company voluntarily publishes an annual Environmental Statement according to European Regulation 1221/2009 (Eco-Management and Audit Scheme), verified by Bureau Veritas. MOH’s extraordinary growth can be largely attributed to its human resources, as the firm strives to help its people develop to their highest potential, through continuous training programs and assignment of challenging projects. In 2015, Motor Oil Hellas reported a drop in sales to 5.27 billion euros against 7.43 billion euros a year earlier. However, pre-tax profit jumped to 291 million euros compared to a loss of 111 million euros in 2014.

131

CREATIVE GREECE 2017 - EXPORT LEADERS

OTE GROUP

The largest telecommunications provider in Greece TELECOMMUNICATIONS Commercial

Michael Tsamaz, OTE Group Chairman and CEO

Contact details 99 Kifissias Ave., 15124, Maroussi, Athens, Greece Tel.: +30 210 6111000 Fax: +30 210 6115825 Ε-mail: media-office@ote.gr Website: www.cosmote.gr

132

OTE Group is the largest telecommunications provider in the Greek market, and, together with its subsidiaries, forms one of the leading telecom groups in South-eastern Europe. OTE is among the three largest listed companies, with respect to capitalization, in the Athens Stock Exchange. OTE is also listed in the London Stock Exchange (LSE). Deutsche Telecom holds 40% of OTE’s share capital and the Greek State holds 10%. OTE Group employs approximately 22,000 people in three countries. OTE Group offers the full range of telecommunications services: from fixed-line and mobile telephony, broadband services, to pay television and ICT solutions. In addition to its core telecommunications activities, the Group in Greece is also involved in maritime communications, real-estate and professional training. Abroad, the Group operates in the telecommunications markets of Romania, where it offers fixed-line and mobile communications, as well as television services, and in Albania, where it offers mobile telephony services. Aiming at continuously optimizing customer experience, OTE Group proceeded at the end of 2015 with establishing COSMOTE as the unified brand for all Group products in fixed-line and mobile telephony as well as internet services in Greece. Telecommunications infrastructure OTE Group is the largest investor in new technologies and infrastructure in Greece, having invested over €2bn over the past five years. For the four-year period 2016-2019 it is materializing investments in the range of €1.3bn, primarily targeted at new generation networks. At present, OTE provides quality communication using the most advanced telephony and data networks, with over 35,000 kilometres of optical fibres and numerous satellite, submarine and onshore international links to every point of the globe. In Greece, besides providing the telephone network, which covers the entire country, including the remotest regions, OTE offers broadband ADSL services to more than 95% of the existing telephone connections. OTE Group continued the replacement of the copper network by optic fibers, offering access to VDSL speeds up to 50 Mbps, to more than 2 million households and businesses. Almost 5.000 cabins are already available for VDSL services, while more than 3.000 kilometers of optic fibers have been installed since 2010. Moreover, there has been a sharp increase of the bandwidth of the National Core Networkm ensuring the flawless internet data traffic. In mobile telephony too, COSMOTE breaks new ground. It constantly develops its 3G network which covers more than 98% of Greece’s population, and at the end of 2012 was the first provider in Greece to launch a 4G LTE (Long Term Evolution) technology network. Today, the company is No1 in Greece in terms of the population coverage achieved by its 4G network, exceeding 83%. At the beginning of 2015, COSMOTE also marketed its 4G+ LTE Advanced technology network, by offering speeds up to 300Mbps. Taking advantage of the increased capabilities of its mobile network after acquiring new spectrum, the Group was the first in Greece and among the first in Europe, to launch mobile internet speeds of up to 375Mbps. At the end of 2015 OTE Group demonstrated, first in Greece and among the first in the world, mobile internet speeds of up to 500Mbps. Financial Data For 2015, the Group announced revenues of almost €4 bn, roughly unchanged from last year. Pro forma EBITDA reached €1.343 mn. and Pro forma EBITDA margin 34,4%. The level of free cash flow was in target at €507 mn. Over the past five years, the Group has reduced its net debt by approximately 80%. This development in combination with its secure cash and cash equivalents positions the Group among the most robust telecommunications providers in Europe Corporate Responsibility OTE Group has always connected its presence in Greece with social contribution. Under the pillars of the Environment, Society, Employees, and the Market, it is carrying out comprehensive Corporate Responsibility programs and actions. In 2015, it offered more than €3mn for charitable purposes, supporting vulnerable social groups, children, education, entrepreneurship, local communities, culture and sports.

CREATIVE GREECE 2017 - EXPORT LEADERS

Natural Gas Commercial

PUBLIC GAS CORPORATION (DEPA) S.A

Playing a major role in the energy sector and Greece’s economy

Theodoros Kitsakos, Chief Executive Officer

The natural gas industry is a major contributor to the GDP of many countries. It is by nature large-scale, employing thousands, generating associated revenues and tax income. The natural gas helps fuel local businesses and builds a platform to grow Greece’s economy. DEPA with its long presence in the Greek market is a modern and competitive group of companies with a dynamic presence in the energy sector and substantial contribution to the development of the Greek economy, the protection of the environment and the improvement of the quality of life of the local communities. With the continuous expansions of the natural gas pipelines DEPA Group is bringing natural gas to more and more regions of the country. It sources gas from a number of suppliers through long-term supply contracts and provides security of gas supply in the Greek Energy market. In few words, DEPA is a group that: ● is the largest natural gas importer and distributor in Greece which sells gas to large consumers and to the gas supply companies ● has made co-operations with big international companies (Gazprom, BOTAS, Sonatrach, Edison, ICGB) and ensures the optimal coupling between international supply and indigenous demand ● covers with natural gas an area from Thrace to Attica and all big consumption areas of the continental part ● develops actions at the national and European level so as natural gas (CNG/LNG) becomes accessible and intelligible to all parts of the country (East, West Greece, islands etc) ● has significant contribution to Greek economy, growth, environmental protection and improvement of local communities’ quality of life ● has opened up the way to gas-driving by establishing stations in big cities

Contact details 92, Marinou Antipa Ave. GR 141 21 Heraklion Attikis Tel: +30 210 2701000 Fax: +30 210 2701010 Web site: www.depa.gr

133

CREATIVE GREECE 2017 - EXPORT LEADERS

ELLAKTOR SA

The leading infrastructure player in Greece with an increasing international presence

Contact details 25 Ermou St., 145 64 Kifissia, Attica, Greece Tel.: +30 210 8185000 FAX: +30 210 8185001 E-mail: info@ellaktor.com Website: www.ellaktor.gr

134

Ellaktor is a holding company with a history of nearly 60 years of activity and long-term investment in the following sectors: construction, concessions, waste management and environment, energy from renewable sources (RES) and also real estate development. Constructions has been, historically, the main sector of the firm’s activities, interconnected with all of the group’s other activities through major synergies. Concessions is another sector that affords the group several comparative advantages. In addition, Ellaktor holds a number of minority stakes in selected strong-growth areas with a short- to medium term investment horizon, offering value opportunities to shareholders. Constructions Aktor is the Group’s primary constructions subsidiary, being Greece’s leading firm in the specific sector for a number of years. Efforts to establish and expand the firm globally, as well as its gradual transformation into a regional player have already begun to bear fruit with the undertaking of projects, mainly in the Balkans and the Middle East. Such projects are being selected carefully both in terms of the type of projects themselves and on a country basis. The high backlog of construction activity exceeds 3.3 billion euros (as at March 31, 2016) and spans to more than 20 countries. Indicative of the firm’s new orientation is that the backlog is now generated by 55% of projects abroad and the remaining of projects in Greece. Aκtor is the cornerstone of the group’s growth, contributing substantially to all new activities through high-level executives and expertise. Concessions In the concessions field, the group holds a leading position among domestic competitors in co-financed projects with major stakes in projects including Attiki Odos (59.2%) and Rio-Antirion Bridge (22%). Ellaktor, through its subsidiary Aktor Concessions SA, also has a significant share in the new market of cofinanced projects, including the Corinth-Tripoli-Kalamata (Moreas) Highway, the Maliakos-Kleidi highway (Aegean Motorway), and the Elefsina-Corinth-Patra-Pyrgos-Tsakona Highway (Olympia Odos), in addition to its active participation in several other concession projects (parkings, marinas, etc.). Waste Management In the waste management/environment sectors, the Group holds a dominant position in Greece in recycling and waste management projects, as well as in landfill and hazardous waste treatment facilities construction and operation. Following the acquisition of Germany’s Herhof by subsidiary Helector, the Group has gained access to a globally unique technology on recycling issues of municipal and commercial waste, which now makes it a major international player with significant presence in Germany, Bulgaria, Croatia and Jordan, in an area with significant growth potential. The Group financially closed the 1st Waste Management PPP in W. Macedonia (currently under construction) and also operates the largest landfill biogas facility in Europe (25MW). Energy ELTECH Anemos SA, another Group subsidiary, operates in the wind farm sector, which through an initial core of engineering partners, is now staffed with specialized experts and knowhow in the complex procedures of design, evaluation, licensing, construction and operation of RES generation projects, mainly wind, which is its primary line of business. ELTECH Anemos was listed on the Main Market of Athens Stock Exchange in July 2014. Today, the Group operates several wind farms of a total installed capacity of 208MW (14 wind farms, one photovoltaic station and hydroelectric station), as well as another 57MW under construction. The Group is also highly active in the thermal energy generation segment via Elpedison SA. Real estate In the field of real estate development, the total value of real estate owned by subsidiary REDS is estimated at about 115 million euros (Book value as at 31/12/2015). Over the past five years, the firm concluded the development of two shopping and leisure centers in Patra and Athens, as well as a pioneering residential complex in Pallini (Attica). Also, in late 2010, the Smart Park, Spata began operation as Greece’s first hybrid commercial park, in an area expanding over 22.5 acres, including 7.5 acres of landscaped space. Other investments Finally, major investments have also been made beyond the firm’s traditionally strategic areas, such as the Regency Casino Mont Parnes (Athens) and the Halkidiki mines (Northern Greece) with a stake of 1.1% in Eldorado Gold and a 5% stake in Hellas Gold SA.

CREATIVE GREECE 2017 - EXPORT LEADERS

AEGEAN MARINE PETROLEUM

Despite lower oil prices, the company’s profits have increased and it has been able to exploit the disappearance of OW Bunker

Dimitris Melissanidis

Contact Details 10, Akti Kondili, Piraeus, Greece, 185 45 Tel: (+30) 210 4586000 Fax: (+30) 210 4586242 Email: shipping@aegeanoil.gr Website: http://www.aegeanoil.com

AEGEAN Marine Petroleum Network, the publicly-listed international marine fuel supplier arm of Dimitris Melissanidis’ Aegean Group has been on the up lately. Despite lower oil prices, profits have increased and the company has been able to exploit the disappearance of OW Bunker, by stepping in and expanding the reach of its business in locations such as the US Gulf and west coast, Hamburg and St Petersburg. The demise of OW, mainly an intermediary, will benefit physical suppliers and AMPNI is the largest independent physical supplier in the world, not counting oil majors and state energy companies, with the largest fleet of dedicated bunkering tankers — 63 of them in about 15 different markets around the globe. Altogether, the company says it physically serves 27 markets and 60 delivery ports. Recently, it has been rebalancing its mix of products where it can to emphasise higher return products such as low-sulphur fuels and blended finished products. It has also expanded to include cargo sales, a potential new low-cost revenue stream for the company. A key element in Aegean’s capacity, its new Fujairah Oil Terminal tank farm with about 465,000 cu m of storage, was completed in 2015 and by the third quarter was at more than 85% of capacity. Founder Mr Melissanidis, who is the company’s largest shareholder, is also active in the energy and shipping markets with a number of private ventures including tanker company Aegean Shipping Management, led by son George Melissanidis. He is also expanding the group’s environmental services footprint under Hellenic Environmental Centre, which provides oily residue collection from ships and offshore platforms, and treatment services. In 2015, HEC Europe took over the environmental protection business of Germany’s Eckelmann Group, including an important waste treatment plant in the centre of Hamburg port, land-based reception facilities, floating units for collection of liquid waste, tanks, industrial cleaning services and Marpol logistics. HEC also recently opened its new state-of-the-art collection centre in Piraeus. Melissanidiscontrolled company Oil One acquired the former BP terminal in 2012 and it has now been reconstructed at a cost of €60m ($66m) as a reception and treatment centre. Mr Melissanidis plans to expand in other locations using the plant as a model for further collection and treatment plants. Mr Melissanidis was listed in the Top 100 in 2014, 2013 and 2012.

135

CREATIVE GREECE 2017 - EXPORT LEADERS

GEK TERNA GROUP HOLDINGS

Georgios Peristeris, CEO

Contact details 85 Mesogeion Ave., Athens 115 26, Greece Tel.: +30 210 6968000 Fax: +30 210 6968098-99 E-mail: info@gekterna.com Website: www.gekterna.com

136

Active in 16 countries with more than 6,000 employees GEK TERNA Group is one of the leading business Groups in Greece with operations also in Central and Southeastern Europe, USA, North Africa and Middle East. The Group’s expertise spans from construction, energy production and supply, concessions, waste management and mining activities to real estate development and management. With a total staff of 6,000 employees around the world, the Group has invested more than 1.5 billion euros in the past few years. GEK TERNA is listed on the Athens Stock Exchange (FTSE / Athex Large Cap). Construction GEK TERNA Group, through its 100% subsidiary TERNA S.A., has been actively involved in the construction sector for over 45 years. TERNA has implemented a broad spectrum of public and private projects including the construction of railway and highway networks, high-quality office buildings, hospitals, museums, resorts, hydroelectric power plants, dams, harbors, industrial facilities, power plants, etc. TERNA’s current construction backlog is 3 billion euros. Renewable Energy Sources In the Renewable Energy Sources sector, GEK TERNA‘s activities are under TERNA ENERGY S.A., a pioneer player in the development of RES Industry in Europe, with a strong portfolio of technologies. The Group’s total installed capacity is 666.5 MW. The Group has 394 MW installed in Greece, 138 MW in the USA, 102 MW in Poland and 30 MW in Bulgaria. Furthermore, it has 246 MW of RES installations currently under construction or ready for construction, in Greece and overseas. Overall, the Group operates, is constructing or has full licensing of 885 MW of RES installations in Europe and the US And is targeting to reach up to 1,000 MW of operating RES projects over the following years. TERNA ENERGY is listed on the Athens Stock Exchange (FTSE / Athex Large Cap). Thermal Energy GEK TERNA Group is also involved in thermal energy production through its holding in HERON S.A., having partnered with two international leading energy players, GDF Suez και Qatar Petroleum. HERON operates in the sectors of electric energy production and supply. It owns two thermal power plants of an installed capacity of 147 MW and 435 MW (HERON I and HERON II, respectively). Concessions - PPPs In the concessions sector, The Group displays an impressive dynamic through its involvement in financing, management and commercial exploitation of concession projects such as the road concessions “Ionia Odos”, “Central Greece Motorway”, “Olympia Odos” and the construction and participation in the operation of ten (10) car parks. It is also involved in PPP projects (e-ticketing). Mining The Group is also involved in mining activities for magnesia (Mantoudi mines) and lignite (Achlada lignite mine) exploitation. TERNA MAG S.A., is a mining and commercial company, based in North Evia, Greece specializing in magnesia production. GEK TERNA GROUP is realizing a 100-million-euro investment plan for quarrying activities in Mantoudi. Real Estate GEK TERNA is also engaged in real estate development and management with a differentiated portfolio in Greece, Bulgaria and Romania, including business centers, logistic centers, industrial parks, entertainment parks, residential properties, commercial properties, hotels, parking stations, etc. In 2015, holding company GEK TERNA reported a rise in earnings and pre-tax profit, with turnover amounting to 7.83 million euros against 4.01 million euros a year earlier. In the same year, TERNA SA saw its sales drop slightly to 700 million euros compared to 718 million euros in 2014; pre-tax profit in 2015 dropped to 22.62 million euros, compared to 29.26 million euros a year earlier. Finally, group company TERNA MAG reported higher 2015 sales at 1.7 million euros against 806,000 euros a year earlier, while its pre-tax loss widened to 3.67 million euros compared to 2.15 million euros in 2014.

CREATIVE GREECE 2017 - EXPORT LEADERS

TOBACCO PRODUCTS Industrial

KARELIA TOBACCO INC. SA

Market presence in over 65 countries

Andreas Karelias, CEO

Contact details Athinon St., 241 00 Kalamata, Greece Tel: +30 27210 69213 Fax: +30 27210 69080 Email: info@karelia.gr Website: www.karelia.gr

The firm’s roots date back to 1888 when the Karelia family’s first entrepreneurial generation established a small tobacco enterprise in the provincial city of Kalamata, southern Greece. During the first few decades of operation, the firm’s reach was mostly local. The ensuing arrival of political and social stability allowed Karelia to expand its business activities throughout Greece. From the 1950’s onwards, Karelia has marketed a number of particularly popular cigarette brands that secured a wide distribution network and significant market share for the company on a nationwide level. The company’s headquarters and production facility continues to be based in Kalamata. In 1971, the firm relocated operations to its present facilities, measuring an area of 80,000 sqm. The company’s sales and marketing departments are based at the Karelia building in Athens. Today, Karelia Tobacco Company is Greece’s largest cigarette manufacturer and exporter, and one of the fastest growing, privately-owned cigarette companies in the world. It operates offices throughout Greece and distributes its cigarette brands to a sales network covering 25,000 retail points. Internationally, Karelia cigarette brands are marketed in over 65 countries, in western and eastern Europe, Middle and Far East and Africa. The company’s major brands are George Karelias and Sons, Karelia Slims, Om., Karelia Blue, Oriental Mist and American Legend. In 2008, Karelia took over the Backwoods cigar brand from Altadis SA for the Greek market. Highlighting the firm’s export-oriented nature, Karelia owns five subsidiary firms, three of which are based in countries other than Greece. The UK-based Karelia Tobacco Company distributes Karelia products in Great Britain, while Meridian SA, a subsidiary owned entirely by Karelia, acquired in 1995, supplies duty free goods to ships. In 2007, the firm’s office in Bulgaria was upgraded to an import company under the company name Karelia Bulgaria EOOD. In 2008, Karelia established a subsidiary firm in Turkey, Karelia Tutun ve Ticaret A.S. Notably, in spite of the ongoing economic crisis in Greece, the firm invested during the period 2003 – 2015, more than 70 million euros with the objective of increasing production capacity, improving production flexibility and boosting exports. In January 2016, the firm spent more than 3 million euros in bonus schemes, remunerating employee’s dedication and effort. When it comes to corporate social responsibility, Karelia has always been firmly committed to playing a leading role as a benefactor and sponsor of the city of Kalamata. The tradition of giving back to its community has been a source of great strength and inspiration. Karelia actively supports local non-profit community organizations, and has sponsored countless art and cultural activities for generations throughout the history of the Company. The Greek tobacco company remained on a growth path for yet another year, reporting higher sales for 2016 , at 646 million euros compared to 629 million euros a year earlier(+2,7%) . Pretax profit grew to 90.60 million euros against 83.35 million euros in 2015 (+8,7%).

137

CREATIVE GREECE 2017 - EXPORT LEADERS

HALCOR GROUP

A leading global producer of innovative and value added copper solutions Halcor, a Viohalco subsidiary, is a leading group of companies that specialise in the production, processing and marketing of copper and copper alloy rolled and extruded products. For more than 75 years, Halcor has been offering innovative and value addedsolutions that meet contemporary client demands in fields, such as plumbing, HVAC&R, renewable energy, architecture, engineering and industrial production. Halcor is a Group of six subsidiaries and seven associates/joint ventures, based in Greece, Belgium, Bulgaria, Romania and Turkey, while it operates a total of four production plants in Greece and Bulgaria. The Group develops and distributes a wide range of products, including copper and copper-alloy rolled and extruded products with Halcor being the sole producer of copper tubes in Greece.

Contact Details info@halcor.vionet.gr website: www.halcor.gr

138

High quality in production is achieved through strict controls applied throughout the production process. With a consistent quality focus, the company implements an ISO 9001:2008 Certified Quality Management System and leverages high technologies and expert staff. As a result of the Groupâ&#x20AC;&#x2122;s strategic investments in research and development, Halcor is recognized as one of the leading copper producers globally, setting new standards in copper processing. The company maintains a consistent focus on quality and environmental protection and a strong commitment to the principles of sustainable development. In this context, all production facilities in the Groupâ&#x20AC;&#x2122;s plants leverage advanced technologies to bring in the market innovative products that are energy efficient and environmentally friendly.

CREATIVE GREECE 2017 - EXPORT LEADERS

Halcor Group – product range Halcor offers a wide range of energy efficient and environmentally friendly products. ● Copper Tubes TALOS®: Water supply, heating, natural gas, fire-extinction networks TALOS® Coated Copper: Water supply, heating and cooling TALOS® ECUTHERM™: Water supply, heating networks, airconditioning and refrigeration, solar systems and industrial networks CUSMART®: (flexible copper tubes) for water supply, heating, floor (under-floor) heating & cooling TALOS® ACR: HVAC&R and solar applications TALOS® GAS: (Coated) natural gas networks TALOS® MED: medical gas networks TALOS® ECUTHERM SOLAR: (factory-insulated) solar installations TALOS® ACR INNER GROOVED: heat-exchangers TALOS® Geotherm: Geothermal heating and cooling TALOS® Linesets: Air conditioning and heat pump systems. ● Copper and titan zinc gutters ●B rass bars rods, tubes, sections, flats and wires for applications in architecture, interior design, contemporary art, furniture, lighting, pumps, gutters, heat-exchangers, plumbing, automotive, music instruments, etc. ●C opper sheets and strips for architecture applications, such as domes, roof covers, exterior surfaces, gutters. ●C opper and brass sheets and strips for the construction of electrical

and electronic equipment, springs, parts and components for the automotive industry, boilers, solar energy collectors and panels, heat-exchangers, electricity converters, connectors, refrigerators, pre-rolled high-frequency cables, ammunitions, wrapping for fire-resistant cables, electrical cable wrapping. These products are suitable for marine applications, for the defence, petro-chemical, electrical, nuclear and medical industries, as well as for machining and special tools, cooking utensils, art and decoration. ●U R30 copper alloy wire and net for cage farming aquaculture. ●C opper alloys for the production of beakers, discs and coins. ●C opper bars, rods and strips for architecture applications, electrical and mechanical equipment, decoration.

Key data

HALCOR GROUP Year 2015 figures Amounts in EUR million

Revenue (turnover) Sales outside Greece EBITDA Investments 2000-2015 Market presence in: Sales outside Greece

1,230 1,017 51.6 519 80 countries 82.7%

139

CREATIVE GREECE 2017 - EXPORT LEADERS

ELVAL S.A.

A worldwide leading aluminium company

Contact Details e-mail: info@elval.vionet.gr website: www.elval.gr

140

Elval Group with operations dating back to 1973, is one of the leading aluminium flat rolled processing companies worldwide and the only aluminium rolling group in Greece. For more than 40 years, Elval has been recognised as a trusted partner, committed to sustainable and innovative manufacturing of a broad portfolio of high quality products made for the industrial, packaging, construction, shipbuilding, automotive, energy, and HVAC markets. Through an established global commercial network in more than 80 countries and 7 production plants in Greece, Elval Group exports over 80% of its production and is able to offer reliable and competitive solutions that meet the requirements of the most demanding global customers. Elval S.A. has the ability to sustainably produce both wide coils (up to 2.5 m) and long slabs (9 m) for demanding applications in a number of diverse markets. Having intense focus on investing in cuttingedge infrastructure and improving and extending production facilities, the Company has reached an annual capacity of 280,000 tons and is able to supply its multinational customers with innovative products and solutions of excellent quality that generate high levels of added value. Elval’s extensive product portfolio includes aluminium sheets and coils used in construction and architectural applications (side covers and roofs of buildings, floors, blinds, aluminium rollers, rainwater gutters and multilayer tubes), the shipbuilding and automotive industries (ships, car parts, trucks, trains, and HVAC applications), the food and beverage industry (food cans, beer and soft drink cans, closures, precision valves and flexible foil containers), among others. With a strong focus on quality and innovation, Elval invests significantly in product and process development, employee training, and the constant upgrading of its facilities. Through the Elval Technology centre, a department dedicated to R&D, the Company is able to introduce both innovations in manufacturing processes and high quality products such as Elval Grain that won the 1st prize in the 3rd Competition for Applied Research and Innovation “Greece Innovates”. Moreover, Elval’s strategic partnership with United Aluminum Company of Japan (UACJ Corp.) has allowed it to reach a number of technological breakthroughs in the HVAC sector. Through this partnership, established

CREATIVE GREECE 2017 - EXPORT LEADERS

in 1988, the Company benefits from significant technical assistance and expertise to support some of the most demanding industrial customers, aluminium dealers and distributors worldwide. Elval aims to further improve its position as one of the most important manufacturers of rolled aluminium products worldwide by adhering to the principles of sustainable development, and having an ongoing focus on technology and innovation, employee health and safety, environmental protection and social contribution. Elval product range Elval S.A. produces aluminium sheets, coils, and circles for a wide range of applications covering various markets. Construction / architectural applications ● Curtain walls ● Composite aluminium panels ● Perforated sheets and coils ● Corrugated sheets ● Composite polyurethane panels ● Construction angles ● Metal roofs ● False ceilings ● Roller blinds /shutters ● Garage and industrial doors ● Window sills ● Guttering Water transport systems

● Multi-layer tubes

Power networks

● bus ducts

Renewable energy ● Windmill platforms and nacelles

Oil & Gas

● Closure caps

Automotive industry ● Various internal parts and components ● Heat and sound insulating covers

● Heat exchangers ● Car radiators ● Air coolers ● Condensers ● Evaporators ● Oil coolers

● LNG storage tanks

Shipbuilding

● Patrol vessels ● Catamarans, speedboats ● Pleasure crafts ● Pontoon boats

Road and rail transport

● Trucks and trailers ● Tipper trucks ● Fuel tankers ● Refrigerated trucks ● Cargo rail wagons ● Buses/coaches ● Special purpose vehicles ● Caravans/Recreational vehicles ● Petrol / oil tanks ● Gas tanks

Packaging

● Soft drinks and beer cans ● Food containers ● Aerosol valves

Heating, ventilation, cooling

Engineering applications

● Static silos ● Geodesic domes ● Flat screen TVs (LCD) ● Circuit boards ● Light bulb bases ● Communications equipment boxes ● Heat-insulating pipes ● Transformers ● Toolboxes

Household appliances

● Cooking implements ● Kitchen appliances

Signage

● Road signs ● Billboards ● Car license plates

141

CREATIVE GREECE 2017 - EXPORT LEADERS

ATHENS INTERNATIONAL AIRPORT “ELEFTHERIOS VENIZELOS”

15 years of successful operation! TRANSPORT

Dr Yiannis N. Paraschis CEO

Contact details 19019 Spata, Greece Tel: +30 210 3530000 Fax: +30 210 3530001 Website: http://www.aia.gr

142

The Athens International Airport “Eleftherios Venizelos”, one of the most modern and functional airports in the world, opened in March 28th, 2001, marking the onset of a new era for air transport in Greece. The Airport Company, “Athens International Airport S.A.” (AIA), was established in 1996 as a Public-Private Partnership with a 30-year B.O.O.T. (Build - Own - Operate - Transfer) concession to build and operate the airport. AIA is a privately managed company, with the Greek State holding 55% of shares, while the private shareholders collectively hold 45%, and has undertaken successfully a series of very important roles, i.e. manager of the airport, employer, and responsible corporate citizen. Thanks to its favourable geographical location at the cross-roads of three continents, stateof-the art infrastructure and top-notch service, the Athens International Airport has earned the trust of passengers, as well as numerous international distinctions and awards. Today, it constitutes one of the major gateways to South-Eastern Europe and forms a unique entrepreneurial entity of economic and social development in the Attica basin. Over 13,000 people are employed as part of a large airport community, which consists of more than 300 companies closely connected to AIA and constitutes one of the biggest employment engines in Greece. As proven by the Athens University of Economics and Business relevant study (2013), the airport contributes to the national and local economy by 2.63% of the GDP. During its 15 years of successful operations the airport served more than 214 million passengers through 2.6 million flights. AIA offers its airline partners one of the most innovative and integrated incentives programmes, to ensure the sustainability and further growth of both domestic and international traffic. The Athens International Airport, however, is far more than just a gateway to South-Eastern Europe; aiming at continuous growth, AIA develops its extensive real estate assets, conducts large-scale commercial activities, and exports the company’s pioneering know-how in the IT sector. Besides its aeronautical and non-aeronautical activity, AIA remains always committed to its role as a responsible corporate citizen, introducing and implementing a range of programmes, actions and special CR initiatives for society at large, and with a special focus on its neighbours in the local communities. With over 50 distinctions throughout the 15 years of its operation, distinguishing it as one of the best airports in the world across its diverse range of activities, the Athens International Airport maintains one of the best airport terminals in Europe, equipped with state-of-the-art systems, featuring user-friendly orientation and comfortable waiting areas, offering top quality services, and making each moment at the airport a pleasant experience for the travellers, their meeters and greeters, and the airport’s visitors, who are frequently surprised with an unexpected programme of live events in the terminal area. According to the surveys conducted at the airport, our passengers and visitors highly appreciate the airport’s ambience, the courtesy of staff, the fine offers of over 120 quality shops, restaurants & cafés in the Airport Shopping Centre, as well as an attractive and highly convenient Retail Park located within the Airport compound .

CREATIVE GREECE 2017 - EXPORT LEADERS

FOOD PRODUCTS Commercial

NESTLÉ HELLAS SA

Active in Greece for more than 100 years

Contact details 4 Patroklou St., 151 25, Marousi, Attica, Greece Tel.: +30 210 6884111 Fax: +30 210 6840649 E-mail: nestle.consumers@gr.nestle.com Website: www.nestle.gr

Nestlé Hellas is a member of the Greek family for more than a hundred years, marketing some of the most favorite products. In 2015, Nestlé Hellas was voted amongst the 20 Most Admired Companies and was listed 10th in the respective list of the FORTUNE magazine. The company operates 3 factories in Greece, which account for more than 60% its annual turnover and employ a staff of 1,000. Nestlé Hellas is among the most dynamic companies in the sector, exporting some of the most favorite brands to the world’s largest markets. More precisely, its factories export more than 315 tonnes of coffee (Loumidis Papagalos & Nescafé) and 1.8 million lts of Korpi Mineral Water in 24 countries, including the US, Australia, United Kingdom and Germany, whilst the ice cream factory in Tavros exports to Canada, Germany, Italy, Spain and Balkan states. The company is particularly active in the corporate social responsibility sector, implementing the program “Creating Shared Value”. Within this framework, Nestlé Hellas in 2015 donated 400,000 baby food meals in regions and municipalities across Greece covering the needs of approximately 15,000 infants. At the same time on November 2013, the company launched the pan-European program “Nestlé needs YOUth” in Athens. The initiative aims to provide a wide range of employment opportunities for more than 20,000 young people under 30 and strengthen their capabilities and professional skills. The initiative has now expanded to all zones of business of the Group, whilst for Greece this means a total of 500 job opportunities and apprenticeships. Within the framework of “Healthy Kids,” a global program on nutritional education, Nestlé Hellas recently completed a three-year partnership with Athens’ Harokopeio University, by including the Region of Thessaloniki in the study for the effects of the socioeconomic level to the development of kids of the area. Notably, Nestlé Hellas’ “Healthy Kids” program has reached more than 110,000 kids in Greece since 2009. In addition, in 2015 the company invested a total of 3 million euros in its ice cream and coffee factories, while it announced a significant investment of 8.5 million euros by 2017 in its coffee plant in Oinofyta. For 2016, investments are expected to reach 10 million euro. A series of company initiatives and practices undertaken in the past year have been awarded with “Corporate Affairs Excellence Awards,” “Facility Management Awards” and “HR Awards 2015.” In 2015, the Greek subsidiary reported lower results with sales amounting to 365 million euros compared to 385 million euros a year earlier. The firm continued to be profitable for the fifth year in a row, with pre-tax income of 10.73 million euros, against 18.63 million euros in 2014.

143

CREATIVE GREECE 2017 - EXPORT LEADERS

CABLEL HELLENIC CABLES GROUP

A leading European producer of reliable and competitive cable solutions

Contact Details e-mail:info@cablel.vionet .gr website: www.cablel.com

144

The Cablel Hellenic Cables Group represents the cable production and marketing segment of Cenergy Holdings, a Viohalco company and is one of the largest cable producers in Europe. The Company started its activities in 1950 as a Viohalco plant and in 1973 it was incorporated as an independent subsidiary under the name Hellenic Cables, expanding its production and trade operations. Today, the Cablel Hellenic Cables Group consists of Hellenic Cables S.A. which operates three plants in Viotia, Greece that produce cables, enamelled wires, plastic and elastomer compounds; the Fulgor S.A. plant in Corinth, Greece, which manufactures power cables, submarine cables and copper wires; Icme Ecab S.A., a power and telecommunication cable manufacturer in Bucharest, Romania and Lesco Ltd, a wooden reels and pallets plant in Blagoevgrad, Bulgaria. With a strong export orientation and focus on development of value added products, such as high and extra-high voltage cables and submarine cables, the Group makes significant investments towards enriching its product portfolio and enhancing its sustainability profile. In 2012, the Company completed a EUR over 65 million investment plan for the manufacture of high-voltage submarine cables in Fulgor’s plant. The Company’s wide product range, which is sold internationally under the Cablel® trademark, extends to PVC, EPR and XLPE insulated power cables (rated up to 500kV), marine and low smoke halogen free cables, fire resistant cables, telecommunication, signal and data cables with copper conductors or optical fibres, as well as fire retardant halogen free plastic and elastomer compounds and enamelled wires. Wires and cables are supplied to a variety of international standards, such as VDE, CEI, NF, SEN, BS, UL, NEMA, JIS, ASTM, DIN and ELOT. Many of the Company’s products are certified by ELOT, BASEC, VDE, IMQ, NF-USE, NETWORK RAIL, KEMA, DNV and UL. Cablel Hellenic Cables Group’s business activities are based on the implementation of certified management systems ensuring a responsible and continuous development. Environmental responsibility and occupational health and safety are the most important pillars towards sustainable development.

Technical know-how is combined with continued investment in state-of-the-art machinery to ensure levels of efficiency and quality which meet the strictest standards. Commitment to quality and sustainable development has been a key factor in enabling Cablel Hellenic Cables Group to establish a strong market position internationally. The Company’s highly experienced technical and managerial staff have a strong commitment to technological excellence and outstanding quality, which ensures that users of Cablel® products have made a reliable choice.

The Cablel Hellenic Cables Group aims to constantly improve its offering and respond swiftly to changes in customer needs around the world with reliable, safe products, based on environmentally-friendly technologies. At the same time, the Group places strong emphasis on the development of its people and the creation of value for its shareholders, partners and the communities in which it operates. Looking ahead, the Group plans additional investments in technology and innovative cable solutions as a way of contributing to the creation of a sustainable future for its stakeholders. Cablel Hellenic Cables Group product range ● Power cables ● Indoor installation cables ● Control cables ● Industrial and outdoor installation cables ●F ire retardant, fire resistant, halogen-free cables ● Medium voltage cables ● High voltage and extra high voltage cables ●C opper conductors for grounding applications and overhead Cu, Al and ACSR conductors ●S hip and marine installations fire resistant cables ●C opper and aluminium rods Telecommunications and data transmission cables ●G auging and control cables ●C opper conductor cables: Conventional telephone cables - Telephone exchange cables - Data transmission cables – High frequency telephone cables ●O ptic fibre cables (single-mode &multi-mode): Underground dielectric cables, in tubes Underground dielectric cables, directly buried (steel reinforcement) Underground dielectric cables, featuring rodent protection - Indoor installation LSZH cables (central tube or tight buﬀered)

CREATIVE GREECE 2017 - EXPORT LEADERS

●A erial installation cables (“8”-sized or ADSS) ●S ignalling & railway signalling cables

Submarine cables ●M edium voltage, high and extra high voltage cables ●C omposite medium voltage, high and extra high voltage cables with integrated optic fibre cables ●O ptic fibre cables ●U mbilical cables ●S ubsea flexible pipes Plastic and elastomer compounds ●P VC-based plastics ●P olyolefin-based plastics ●E lastomers Enamelled wires ●W inding wires for electric motors and transformers ●C opper wires for grounding earthing and canmaking Applications: Cables are used in: ●B uildings ●O utdoor installations and industrial applications ●T ransmission and distribution networks ● I nstallations with special requirements ●S hips and marine applications ●T elecommunications and data transmission networks ●R enewable energy sources ● I sland - continental system interconnections ●O ffshore wind park interconnections

Enamelled wires are used in: ●T ransformers ●M otors – generators ●S mall motors ●R elays – coils ●S elf-supporting windings-avoids varnish impregnations Compounds are used in: ●C able industry ●P roduction of soft water pipes ●P roduction of flexible spiral pipes ●P roduction of hard flexible pipes for electrical applications ●R ubber and plastic soles ●F lexible elastic and plastic profiles Turnkey solutions Cablel Hellenic Cables Group has the necessary know-how to develop and offer turnkey solutions that meet specific demands of its customers. The Company provides: ●D esign and manufacture of products according to customer requirements and project specifications ●P rovision of special equipment needed for cable connections and termination of cable ends ●T ransportation and installation of cables at the project site ●C ivil works required for installation and protection of cables ●T esting, initial operation and delivery of the system to the customer (commissioning) ●F ull project management ●C ustomer staﬀ training in system operation and maintenance ●P rovision of maintenance / support to the customer

145

CREATIVE GREECE 2017 - EXPORT LEADERS

beverages Industrial

ATHENIAN BREWERY

Adding value to Greece and the local communities

Zooullis Mina Managing Director and Chairman of Athenian Brewery

Contact details 102 Kifissou, 12241, Aigaleo Tel.: +30 210 5384911 Fax: +30 210 5384043 Website: https://www.athenianbrewery. gr/

146

Athenian Brewery is the leading brewer and beer importer in Greece, with a market presence of more than 50 years. The firm was originally founded in 1963 by a team of five Greek entrepreneurs and is now part of Group HEINEKEN N.V. Today, Athenian Brewery owns 3 plants in Athens, Thessaloniki and Patras, 2 private malteries in Thessaloniki and Patras and a bottling plant for IOLI Mineral Water in Lamia where it produces some of the most popular beer brands in Greece such as Amstel, Amstel Pils, Amstel Dark, Amstel Radler, Amstel Free, Heineken, Heineken LIGHT, ALFA, ALFA Strong, ALFA Weiss, Fischer, ΒΙΟS 5, and Buckler. Athenian Brewery’s products follow a 100% Greek route using Greek barley provided by more than 2000 Greek farmers through its local sourcing programme. It also imports and distributes a number of beer brands such as SOL, McFarland, Erdinger, Affligem, Murphy’s, Duvel, Chimay and many others. In addition, Athenian Brewery is the No1 beer exporter in Greece with more than 40 years of experience. Athenian Brewery is adding value to Greece and the local communities by investing to improve its production processes, adopting a comprehensive environmental policy, creating a safe working environment and promoting responsible alcohol consumption.

CREATIVE GREECE 2017 - EXPORT LEADERS

Travel retail Commercial

HELLENIC DUTY FREE SHOPS SA

A leader in tax-free shopping for almost 50 years

Contact details 23rd km Athens-Lamia national highway, 145 65, Agios Stefanos, Attica, Greece Tel: +30 210 6269400 Fax: +30 210 6269600 E-mail: info@dutyfreeshops.gr Website: http://www.dutyfreeshops.gr

Hellenic Duty Free Shops SA, founded in January 1979, operates in the travel retail industry, providing travelers passing through Greece’s exit points with the opportunity to purchase products from a wide selection of original, brand name products. Its shops offer a vast range of genuine, brand name items, including perfumes and cosmetics, wines and spirits, tobacco products, confectionery, traditional Greek products, luxury items, clothing, and souvenirs. Brand name goods include: Bvlgari, Folli-Follie, Links of London, Juicy Couture, Ermenegildo Zegna, UGG, Victoria’s Secret Beauty & Accessories, Armani Jeans, Boggi, Trussardi, Gant, Marasil, Korres, Mastiha Shop, Swatch and many more. The products are 100% authentic. All items are purchased by the company directly from suppliers abroad, without middlemen or agents. This ensures quality, authenticity and low prices of the products sold. Starting out in 1979 with two sales outlets, it now operates an extensive network of 111 shops at 44 points throughout Greece (22 airports, 11 border stations, 11 ports). Hellenic Duty Free Shops owns the subsidiary Hellenic Distributions SA which was founded in September 2000. Today, the company operates an extensive network of stores in airports and ports across Greece. It has been active in on-board ship handling and the duty free wholesaling sector since 2005. More specifically, the company supplies and distributes products by world-famous brands to cruise ships, ferryboats, cargo vessels, ship chandlers, the military forces, and embassies, among others. It ranks as its sector’s leading company in Greece, focusing its activities on the merchandising of tobacco, cigars, wines, liquors, perfumes and cosmetics, confectionery, sunglasses, watches toiletries, accessories, and so on. Furthermore, it is the exclusive distributor of PHILIP MORRIS, PAPASTRATOS, PERNOD RICARD, HERSHEY’S, WORLD BRANDS DUTY FREE, WILLIAM GRANT’S, IAN MACLEOD, QUALITY SPIRITS INTERNATIONAL, MONUS Doo, NEMIROFF, EFE ALKOLLU, IMPERIAL TOBACCO, PHOENICIA FEREOS and FOLLI FOLLIE WINE in Greece. The company’s headquarters are located in Piraeus, Greece’s largest port, where it operates its administrative offices and maintains top-quality storage areas. In 2013, the Dufry Group, a leading travel retail operator headquartered in Switzerland, completed its acquisition of Hellenic Duty Free Shops following a transfer of the company’s 49% equity stake. In the lead-up, the Folli Follie Group had transferred 51% of Hellenic Duty Free Shops stake equity to Dufry. In 2015, the firm reported a slight drop in sales to 282 million euros against 295 million euros a year earlier. Likewise, pre-tax income dropped to 51.1 million euros compared to 60.6 million euros in 2014.

147

CREATIVE GREECE 2017 - EXPORT LEADERS

BUILDING MATERIALS Industrial

TITAN CEMENT CO. SA

On a growth path

Dimitris Papalexopoulos , CEO

Contact details 22-A Chalkidos St., 111 43 Athens, Attica, Greece Tel: +30 210 2591 111 Fax: +30 210 2591 205 Email: main@titan.gr Website: www.titan.gr

148

TITAN Group is an independent, vertically integrated cement and building materials producer with over 110 years of industry experience. Based in Greece – where the parent company is listed on the Athens Stock Exchange since 1912 – TITAN Group’s activity spans 13 countries. This activity is carried out both by wholly-owned affiliates and by joint ventures with other partners, covering the production of cement, concrete, aggregates, mortars and other building materials; transportation - distribution of products; processing and industrial utilization of fly ash. The Group owns cement plants in nine countries, employs more than 5.500 people worldwide and is organized in four geographic regions: Greece & Western Europe, the USA, Southeastern Europe and Eastern Mediterranean. Throughout its history, TITAN has remained firm on combining operational excellence with respect for people, society and the environment. TITAN Group’s CSR and Sustainability commitment is demonstrated in its own policies and practices, as well as through its active participation in international initiatives. TITAN was the first company in Greece to sign the United Nations Global Compact, which aims at safeguarding human rights, labor rights, environmental protection, as well as combating bribery and corruption. It is a member of CSR Europe, the World Business Council for Sustainable Development, the Cement Sustainability Initiative and the European Alliance for CSR. Throughout Greece’s economic crisis, since 2010, TITAN, under CEO Dimitris Papalexopoulos, has remained steadfast in the implementation of its action plan to improve social and environmental performance by retaining its focus on the triple bottom line framework and accelerating efforts to improve its safety culture; investing to reduce carbon footprint; and taking a number of initiatives to engage its stakeholders at the local level. Operating primarily in Greece and Western Europe, where it makes 25% of its sales, TITAN facilities comprise three (3) cement factories, 27 quarries, 26 ready-mix concrete plants, eight (8) distribution centers, one grinding unit and one dry mortar factory. The firm employs a staff of 1165. In 2015, TITAN reported higher sales of 273 million euros compared to 263 million euros a year earlier. However, pre-tax income dropped to 63.6 million euros against 83.1 million euros in 2014.

CREATIVE GREECE 2017 - EXPORT LEADERS

FOOD PRODUCTS Industrial

DELTA FOODS SA

The Leading Greek Food Company

Contact details Athinon - Lamias National Rd (23rd km), 145 65 Agios Stefanos, Attica, Greece Tel.: +30 210 3495000 FAX: +30 210 3495289 E-mail: ked@delta.gr Website: www.vivartia.gr

Founded in 1952, DELTA FOODS S.A. (DELTA) is a subsidiary of Vivartia, the largest Food Company in Southeast Europe, member of Marfin Investment Group (MIG) and the leading dairy company in Greece. DELTA produces milk, yoghurt, chocolate milk, dairy desserts, concentrated milk, PDO cheeses (feta and kasseri), as well as juice and energy drinks and iced tea. The company enjoys a 99% brand recognition and its products are accessible to consumers all over Greece, through more than 30.000 sales points, from large hypermarkets to small kiosks. The company is considered among Europe’s most important Dairy companies. Some of the most recognizable brands are DELTA Fresh Milk, Small Family Farms, μμμmillk, Advance, Daily, Vlahas and Easy (milk brands), Milko (chocolate milk), Complet, Vitaline and Smart (yogurt brands), Small Creameries (PDO cheese) and Life (juices and iced tea brand). The above products are produced in its 6 plants in Greece (Agios Stefanos and Tavros in Attiki, Lamia, Sindos, Platy and Elassona in Northern Greece). DELTA production plants comply with national and international food quality management and safety standards, including ISO 9001, ISO 22000, ΕΛΟΤ 1801 and 14001, AIB Food Safety Stds, BRC, IFS, AGROCERT, HALAL etc. DELTA invests in Greece, supporting the Greek economy and primary production. It operates responsibly and contributes to the sustainable development of the society. The company implements vertical integration for milk collection, animal feed and veterinarian control. It ranks as the largest buyer of Greek milk production in Greece, absorbing over 25% of the total quantity of cow milk produced in Greece. DELTA has invested more than 500 million euros since 2010 in the milk production primary sector. Investments related to the quality of its products, innovation and technology have always been the cornerstones of DELTA’s development, enabling the company to lead the market over the years, create new innovative product categories and further develop nutrition standards. DELTA’s people skills, scientific knowhow and expertise in research & development and quality control & assurance procedures is widely recognized as a major asset. Quality Assurance and product development based on DNA technology, in a fully equipped Molecular Microbiology Laboratory, further enforce Delta’s commitment to safety. As a result, DELTA daily produces high nutrition value products that consumers distinguish and choose to offer to their families. During the recent years of the tough economic environment in Greece, Delta supports the society and people in need, in collaboration with leading organizations and foundations, giving priority to children. Furthermore, in cooperation with Universities and Schools, it provides practical training to young scientists and students and supports initiatives that aim at a wider education and training of young people. DELTA’s international vision is to represent Greek nutrition globally through original and innovative products of the highest quality. The export activity of DεLTα is experiencing dynamic growth, confirming the effective corporate strategy for development abroad. With this being the cornerstone of its strategy, DELTA launched its genuine Greek strained yogurt DεLTα that is rooted to tradition, but does so with an international appeal. DεLTα participates in all major International Food Fairs and has been repeatedly awarded by the International Taste and Quality Institute (iTQi). Actually, it is the only Greek yogurt range that has all of its variants awarded by iTQi. DELTA Feta Cheese is the first and only Greek cheese to win, in 2016, the CRYSTAL AWARD by the International Taste and Quality Institute. DELTA’s export activity with several of its product lines is currently spread to several countries in Europe, Middle East and Asia.

149

CREATIVE GREECE 2017 - EXPORT LEADERS

CORINTH PIPEWORKS

A leading steel pipe supplier of the global energy industry Corinth Pipeworks is one of the largest steel pipe manufacturers in Europe with a leading position in the global energy industry. Following a cross-border merger by absorption by Cenergy Holdings SA of the Greek formerly listed companies Corinth Pipeworks Holdings S.A. and Hellenic Cables Holdings S.A. in December 2016, Corinth Pipeworks is a subsidiary of Cenergy Holdings SA, a Viohalco company. The Cenergy Holdings portfolio consists of companies positioned at the forefront of high growth sectors, such as energy, telecommunications and construction with a strong financial position, a track record of success and a promising future.Â Corinth Pipeworks began operations in 1969 and has since established itself in the production of medium and large diameter steel pipes for the transmission of oil, gas, and water, as well as the manufacturing of hollow sections for use in building and construction. The company offers reliable and technically sophisticated energy and construction solutions to demanding customers worldwide.

Contact Details e-mail: info.cpw@viohalco.com website: www.cpw.gr

150

Corinth Pipeworkâ&#x20AC;&#x2122;s clients include Chevron, BP, BG, Shell, DEPA, DESFA, OMV, Gas Connect, Wintershall, Snam, National Grid, RWE, Spectra Energy, Energy Transfer, Williams, Denbury, ENI, Kinder Morgan, DCP Midstream, Plain All American, McJunkin, Spartan, EPCO, Spectra, Enbridge, Cheniere Energy, Talisman, STEG, Sonatrach, PDO, OGC, Saudi Aramco, ADNOC, SCOP, Socar, EXXON MOBIL, EDF, TIGF, QP, GRTGAZ, GASCO, PEMEX, Saipem, Allseas, Subsea 7, Technip etc. Our vision is to be the pipe producer of choice, to maintain our dedication to delivering energy to the world, to grow sustainably and set standards of excellence, to refine our quality, to invest and further develop our technical knowledge while expanding our capabilities, to increase our efficiencies and add exceptional value for customers. We

CREATIVE GREECE 2017 - EXPORT LEADERS

Copyright TAP deliver solutions to challenging projects with professional integrity while developing successful business relationships through mutual trust and respect. Our aim is to provide a fulfilling and rewarding environment for our people and to serve and support our community while maintaining a solid financial performance. Corinth Pipeworks product portfolio Corinth Pipeworks produces high quality steel pipes for oil, gas, CO2, water and slurry pipelines, as well as casing pipes for drilling operations. The Group also produces a wide range of structural hollow sections for the construction sector. Its long history of innovation and ‘one-stop-shop’ integrated services has designated Corinth Pipeworks’ position as one of the world’s top steel pipe suppliers. The Group’s three main product categories are: ● Line pipes: Manufactured either in the Group’s high frequency induction welding unit (HFW),the helically submerged arc welding unit (HSAW) or the longitudinal submerged arc welding unit (LSAW) the primary uses of line pipes are in oil, gas, CO2 and water transportation networks. ● Casing pipes: These high-frequency induction welded pipes (HFW) are used in oil and gas extraction drills. The product range offered for this application has been expanded by the installation of the new LSAW mill. ● Hollow structural sections: Used in the construction sector. Services ● Internal and external coating of pipes produced by other pipe manufacturers ● Accredited laboratory for raw material and pipe testing, in accordance with ΕΝ/ISO 17025 ● In-house corrosion testing laboratory for sour service applications ● Weld on connector facilities for casing pipes ● Pipe storage ● Supply of pipes or assignment of pipe coating outside the Group’s product portfolio to third party authorised subcontractors, in the context of major project implementation ● Pipe transportation

151

CREATIVE GREECE 2017 - EXPORT LEADERS

food PRODUCTS Industrial

NITSIAKOS SA

One of the most rapidly growing food industry companies in Greece Nitsiakos is one of the most rapidly growing food industry companies in Greece, and yet the leading chicken industry producer in the country. Since 1972, when the company was launched Nitsiakos has accomplished to establish a high quality vertically integrated system, that is to ensure a reliable step by step process of breeding, hatching, and distributing of its products.

Theodoros Nitsiakos, President

Based in Ioannina, with 44 years of experience in avian sector, the company is operating both in Greece and abroad, not only with chicken products. Over the last decade, Nitsiakos implemented an ambitious investment plan, to secure its growth on its main activities and to further allow its entry into the market of dry food for pets, also creating for the first time in Greece a generating circuit for fresh cuts of turkey and rabbit, the production of flour for bread and industry, and the import and marketing of a new economic and environmentally friendly biomass type husk of sunflower. Particular emphasis is given on biosafety, and on veterinary monitoring, as the industry adopts strict procedures and systematic checks in order to ensure safe and high quality products to its consumers. In 2014, the company has concluded a contract to export 20,000 tons of durum wheat Greek production, following its strategic plan, whilst the company emphasizes on the improvement and the new development of its facilities, pursuing to modernize its mechanical equipment. It is worth noting that Nitsiakos has also succeeded a strong export activity in the Balkan countries and Cyprus recording constant sales growth, seeking to penetrate into more foreign markets.

Contact Details Industrial Area, Municipality of Zitsas, 455 00 Rodotopi, Ioannina, Greece Tel.: +30 26510 22200 FAX: +30 26510 20769 Website: www.nitsiakos.gr

152

In the meantime, the company pioneered by launching a new product in the Greek market, that of the ‘black chicken’, aiming to offer to its consumers high nutritional value products, as reflected in Nitsiakos’ philosophy. Today, Nitsiakos industry is the largest producer of chicken meat in Greece, one of the major firms of trading grain and soy flour and among the 10 largest food industries in the country based on its turnover. It also has 4 raw material processing units, 4 feed units, 6 units of primary production and 2 dry food factories and flour.

CREATIVE GREECE 2017 - EXPORT LEADERS

Pharmaceuticals Industrial

Boehringer Ingelheim Hellas S.A.

A Quadruple Leader of the Greek Pharmaceutical Market

Dimitrios Anagnostakis, President & CEO

Contact details Headquarters: 2 Ellinikou St., 167 77 Elliniko, Attica, Greece Tel.: +30 210 8906.300 Fax: +30 210 8983.207 Production facility: 5th Km Paiania-Markopoulo Highway, 194 00 Koropi, Attica, Greece Tel.: +30 210 6623.901 Fax: +30 210 6623.905 Website: www.boehringer-ingelheim.com E-mail: info.gr@boehringer-ingelheim.com

Pharmaceutical Boehringer Ingelheim was established in 1885 and is now among the world’s top 20 pharmaceutical companies. The company has recently been named one of the top 100 innovative companies of all industrial sectors. Meanwhile the company is launching a new R&D strategy pledging to invest a total amount of 11, 5 billion euro over the next years. In Greece, the firm was founded in 1966 and is considered to be a market leader among the country’s top 10 drug companies, while it has awarded several times both in Greece and abroad for its successful launches of innovative products including respiratory, cardiovascular, pain management, and recently Diabetes and oncology. Boehringer Ingelheim Hellas is also considered to be an innovation leader as it participates actively in the parent company’s international clinical research program with a total investment of 11.5 million euros in the past five years in its participation in clinical trials. Boehringer Ingelheim Hellas SA is the only subsidiary of a multinational company in Greece that has been posting growing sales in recent years, amidst adverse conditions in the domestic market, helped primarily by its strong exports. The company has recently celebrated the 40th anniversary of the opening of its production facility in Koropi, Attica, which set new standards in the country’s industrial sector. Today, it is the only multinational pharmaceutical company that maintains its industrial production facility in Greece, supplying not only the Greek market but also the markets of more than 67 countries. Its export activity is of particular importance not only to the firm itself, but also to the country’s economy, as it accounts for about 1% of total Greek exports, establishing Boehringer Ingelheim Ellas as a production & exports leader. Its parent company recently entrusted Boehringer Ingelheim Hellas with the production of innovative antidiabetic drugs at the Greek plant, aimed at covering a large part of its international production, which is a ‘first’ in the company’s history. For this purpose, an additional investment of 40 million euros takes place in order to expand the plant. Furthermore, an official FDA approval has been requested in order to be able to export to the USA. Such actions and investments in production and export activity by Boehringer Ingelheim Hellas – with exports being its strong asset, stand proof of the confidence shown by the German multinational and its intention not only to upgrade its Greek subsidiary, but also to support and boost Greek exports. Boehringer Ingelheim Hellas’ initiatives for Greece’s economy are summarized in the triptych: “We Invest, We Grow, We Support.” Last but not least, the firm’s human resources, more than 350 people, comprise leading scientists and sector professionals with the required skills, education and experience to implement its objectives and promote its vision, “Value through Innovation”.

153

CREATIVE GREECE 2017 - EXPORT LEADERS

PHARMACEUTICALS Industrial

VIANEX - The living history of the Greek pharmaceutical industry Dimitris Giannakopoulos Executive Vice-President & Deputy C.E.O.

Contact Details Tatoiou Street 18th km Athens-Lamia National Road Nea Erythrea, 146 71 Tel.: +30 210 8009111-120 Fax: +30 210 8071573 Email: mailbox@vianex.gr Website: http://www.vianex.gr/

154

VIANEX is one of the largest pharmaceutical companies in Greece, not only compared to other Greek companies, but also to multinationals. With a presence of more than 90 years in the pharmaceutical industry, in many ways the Giannakopoulos family is a living history of Greek pharmaceutical production. It all started in 1924, when the first pharmacy opened on Piraeus street. The first stepping stone for the creation of VIANEX was laid in 1960, when Pavlos Giannakopoulos founded PHARMAGIAN, an importer of medicinal products from the US, Europe and Japan that began operations across Greece. PHARMAGIAN soon became the representative of major international pharmaceutical companies, including Janssen, Roussel and Alcon, and expanded its business abroad. The first major milestone came in 1971, when Pavlos Giannakopoulos, chairman and founder of VIANEX SA, building on the company’s spectacular growth, signed agreements with pharmaceutical companies of international repute, including Merck & Co (USA), Takeda Chemical Industries (Japan), Astellas (Japan), Sigma Tau Industries (Italy), Eli Lilly (USA), which entrusted the company with the production and representation of their products in the Greek market. The company’s industrial activity started in 1977 with the establishment of its first factory specializing in manufacturing sterile, liquid, semi-solid products and suspensions. In 1983 VIANEX acquired its second factory. This was an innovative, environmentally-friendly plant that specialized in the manufacturing of non-sterile solid forms (tablets, capsules, granules). Two years later, the company enhanced its manufacturing activities with the acquisition of its third factory. The third factory is considered to be one of the largest and most modern manufacturing plants of lyophilised injectables in Europe. It includes separate production lines for sterile injectables (lyophilised, solutions, suspensions), a special plant manufacturing cytotoxic gels, while it accommodates a special R&D laboratory with two pilot lyophilisers where research projects are carried out in relation to lyophilisation, as part of research cooperations with universities and research organisations. In 1995, subsidiary VIAN SA was founded to distribute and market well-known non-prescription pharmaceutical products, food supplements, diagnostic and parapharmaceutical products.

CREATIVE GREECE 2017 - EXPORT LEADERS

In 1997, VIANEX established its headquarters and the distribution centre for its finished products in Varibobi, and in 1999 acquired its fourth factory, considered one of the most sophisticated of the few cephalosporin manufacturing plants in Europe. In 2006, the company incorporated ELDRUG SA, a company active in research and development, while in 2011 VIANEX was approved as a supplier by the World Health Organization and UNICEF. 2013 was another important year for the group, which, now led by Dimitris Giannakopoulos, signed an agreement with Eli Lilly for the annual production of 10,000,000 units of vancomycin and the export of 100% of that production to China. In 2015, VIAN SA started marketing and distributing DEPON*, the best-selling analgesicantipyretic, following an agreement with Bristol-Myers Squibb. VIANEX has been carrying out export activities for more than 20 years. Its global expansion has increased steadily in the past decade, placing it among the largest exporters in Greece. The company has a presence in 35 markets in Europe, Asia, the Middle East and Africa where it markets authorised products. It has obtained 48 international quality certificates (IQNET, EFQM, EU GMP, EU GDP), and VIANEXâ&#x20AC;&#x2122;s factories have received 32 GMP certificates from the health organisations of various countries (Japan, Turkey, Jordan, Libya, Gulf Countries, Korea, Ivory Coast, Taiwan, Tunisia, Iraq, Kuwait, Egypt and Iran). Every year, 20 large multinational firms inspect VIANEX to confirm that the quality system complies with modern international standards and subsequently approve the placing of its medicinal products on the Greek and the global market. Today, VIANEX leads the Greek pharmaceutical industry, with a high-level production capacity and a workforce exceeding 1,100 employees. Its activities involve all aspects of pharmaceutical production and marketing, and it constantly upgrades the range of services in the market. Despite the adverse economic conditions in recent years, VIANEX has been pursuing new, major deals with international pharmaceutical companies, aiming at importing innovative pharmaceutical products in the domestic market. Operating in a highly competitive environment, VIANEX is well-positioned to capitalise on opportunities, relying on its experience, know-how and its unique and specialized production capacity. * IMS, Jan-Dec 2016

155

CREATIVE GREECE 2017 - EXPORT LEADERS

OLYMPUS DAIRY SA

One of Greece’s leading dairy Food Products Industrial

It all started in 1965, in the OLYMPUS facilities in Larissa, where pure milk collected from local farmers of nearby areas was the raw material for our authentic, traditional products distributed mostly in the area of Thessaly. In 2000, we decided to make the big step and offer our products all over Greece. With steady and strategic steps, throughout the years we enhanced our product portfolio, with new product categories, including fresh juices, organic, goat milk and lactose free products, allowing us, to increase our market share and become one the most significant dairy industries in Greece. OLYMPUS, loyal to its values and respecting Greek nature, supports Greek farmers and Greek production, while it contributes to environmental protection and sustainable development. The selection of exceptional Greek raw materials, which is also the center of our philosophy, is the driving force for the production of pure authentic Greek dairy products. OLYMPUS was the first company to formally request the establishment of a formal process for certifying the Greek origin of the products, on the grounds that it wished to protect Greek milk production. In 2015, with the establishment of the Greek mark OLYMPUS becomes the first company to be certified with it. OLYMPUS has been also very active in the International Markets with presence in 37 countries all over the world. Specifically OLYMPUS has managed to increase its exports by 50% from 64 m € (2013) to 96 m € (2015).Major role to this increase played the establishment of sales offices in specific key countries (Italy, Germany, Sweden and UK) that allowed us to have direct access to major retailers of each country. We at OLYMPUS consider our exports a very important part of our Groups sustainability as they constitute almost 32% of our groups total turnover. Loyal to our values, we commit ourselves every day to deliver high-quality products that meet the dietary needs of our customers: healthy products, quality and above all, authentic Greek. Our commitment is that we work with constant passion and love in order to offer dairy products of exceptional quality and nutritional value in harmony with nature and in respect to the traditional Greek Mediterranean diet and culture.

Contact Details 5th km. Trikala- Pili National Highway, 42100, Trikala, Greece Tel: +30 24310 61222 E-mail: marketing@olympos.gr, info@olympusdairy.com

156

CREATIVE GREECE 2017 - EXPORT LEADERS

Food Products Commercial

NIREUS AQUACULTURE S.A.

We responsibly shape the future of Mediterranean fish farming Nireus Group is amongst the largest producers of Mediterranean fish species worldwide and holds a top ranking position in all of its core business. Since its establishment in 1988, the company has been setting the industry standards for category-leading product guidelines, innovation and customer focused solutions.

Antonis Chachlakis CEO

The core business of Nireus Group is the production and marketing of European seabass, gilthead seabream, meagre and pagrus. All fish species are available throughout the year, fresh or frozen, whole or processed, in a variety of sizes and packaging. Further, the Group’s activities include the production of juveniles, fish feed and fish farming equipment, both for own use as well as for trading to a wide range of customers in Greece and abroad. Nireus, as a vertically integrated producer, controls the entire value chain of all of its products, ensuring that every stage of production complies with the best industry practices. With production facilities in Greece and Spain, the Group owns and operates 4 hatcheries, 3 pre-fattening units, 31 on-growing farms, 8 packaging facilities, an R&D center, 2 fish-feed production factories, 1 fish processing plant and 3 distribution centers. Nireus is listed on the Athens Stock Exchange since 1995 and ranks among the top exporting companies within the Greek food industry. The Group exports 81% of its output, serving 850 clients in more than 40 countries. The company is among the leading employers, with a headcount of 1,100 employees, contributing to the economic and social sustainability of many local communities. Our people are offered the opportunity to work in a business environment that highly values integrity, health and safety, constant training and motivation.

Contact details 1st km Koropiou-Varis Ave. & Dimokritou St., 19400 Koropi, Attica, Greece Tel: +30 210 6624280 Fax: +30 210 6626804 Website: www.nireus.com E-mail: info@nireus.com

The future of our industry can be ensured only by operating responsibly. Nireus adheres to principles of social responsibility and sustainability and has received the Management Award for Sustainable Development. Our commitment to quality management, product food safety, the environment and good aquaculture practices has been certified according to ISO 9001: 2008, ISO 14001: 2004, ISO 22000: 2005, BRC and the Global GAP standards. Nireus’ extensive sales and logistics network markets and delivers 1.5 million of high quality fish on a weekly basis, serving retailers, HORECA and wholesalers, meeting at the same time, the nutritional dietary needs of consumers. Our company’s vision ‘To include our high nutritional value Mediterranean fish in consumers’ diet around the globe’ is our guide for the implementation of the aforementioned.

157

CREATIVE GREECE 2017 - EXPORT LEADERS

Pharmaceuticals Industrial

PHARMATHEN SA Vassilios Katsos, President

Nellie Katsou, Vice President of the Board

Contact details 44 Kifisias Ave., 151 25 Marousi, Athens, Greece Tel.: +30 210 6604.300 Fax: +30 210 6666.749 E-mail: info@pharmathen.com Website: www.pharmathen.com

158

Extroversion and strong domestic alliances Established some 48 years ago, Pharmathen SA, a domestic enterprising model of a multinational company, in the past three years established strong strategic partnerships with major international pharmaceutical companies, reinforcing its presence in both the domestic and international markets. The company left its mark on the world map of innovation in the pharmaceutical industry with a major achievement by its research and development of innovative healthcare products segment, with the development of the Long Acting Injectable (LAI) technology. The LAI technology is applied to a range of products and actively contributes to improving the patientsâ&#x20AC;&#x2122; quality of life, as through the progressive release of the drug in the body, injection treatments can be reduced. The development of this innovative technology has led to an agreement with a major US pharmaceutical company for worldwide marketing of two LAI products. But this is not the only strategic alliance for Pharmathen. Pharmathen views research and development as being interrelated. The firm has already invested 10 million euros solely in its Sapes factory, north-eastern Greece, which will take care of manufacturing, commercial production and distribution of LAI drugs, while an additional 15 million euros investment are planned for the following year at the facility. Pharmathen ranks among the top 50 pharmaceutical companies in the EU, based on investments in research. According to company forecasts, in the period 2013-2018 investments in R&D for pharmaceutical products will exceed 100 million euros. The company employs a staff of 1100, having doubled its workforce in the past four years. Its export business accounts for about 1% of total annual Greek exports. It boasts a portfolio of more than 90 international patents, comprising original and generic drugs and pharmaceutical products, as well as many awards at national and international level. Pharmathen operates three ultramodern research laboratories and two industrial units, while engaging in the entire medicine range, from development to distribution of pharmaceuticals in more than 85 countries worldwide. Company offices were recently opened in Jordan and Australia, while the firm also gained permanent representation in South America, reinforcing its growth momentum in the specific regions. In addition, its products are approved in all EU markets, in cooperation with more than 150 global pharmaceutical companies.

CREATIVE GREECE 2017 - EXPORT LEADERS

Commercial

FF Group (Folli Follie Group)

George Koutsolioutsos, Chief Executive Officer of FF Group

Contact details 23rd km Athens-Lamia Highway, 145 65 Ag. Stefanos, Greece Tel.: +30 210 6241000 Fax: +30 210 6241100 Website: www.ffgroup.com

The FF Group operates in 30 countries defining new trends in all sectors at which it activates. With a dynamic structure and an impressive portfolio the FF Group “accompanies” a consumer through all life phases: from early childhood to adulthood, a consumer can relate to the FF Group and its brand portfolio. In the FF Group, our mission is to bring fashion and the “feel-good factor” to people’s everyday lives through our products and services that breathe luxury, creativity and passion. In the FF Group, we approach every challenge with enthusiasm, working as a team, aiming at making a positive impact to the people around the globe, unveiling the bright side of their lives. Our vision is to become a truly global aspirational luxury player stretching from jewelry, watches and accessories to the edge of full-fashion. The FF Group designs, produces and markets on a global level its two own brands: Folli Follie and award winning British jewelry Links of London. Famed for high quality and breakthrough design, jewelry, watches and accessories Folli Follie and Links of London have won a place in the hearts of millions of consumers globally. At the same time, the Group maintains a leading presence in the department stores field, the retail and wholesale channel within Greece and Europe. The “Factory Outlet” and the “Attica” department stores are the Group’s department stores in Greece that cover almost 70,000m2. Moreover, brands such as Ermenegildo Zegna, Juicy Couture, UGG Australia, Ted Baker, Scotch & Soda, Guess, Nike, Converse, G-Star Raw, Franklin & Marshall, Samsonite and Technogym, have trusted the FF Group with the exclusive distribution of their products. It is worth mentioning that the FF Group has undertaken the exclusive wholesale and retail distribution rights for the Juicy Couture brand in all Continental Europe, UK, Ireland and Cyprus, acquiring an international character and appeal for its ever-growing fashion business. Τhe activities of the FF Group in the Beauty & Cosmetics sector are significant and involve the exclusive distribution of the globally acclaimed brands of COTY (Gucci, Boss, Escada, etc.) and BPI (Dolce&Gabbana Make up, Skincare & Fragrances), as well as the exclusive representation and distribution of Shiseido products in Greece and Cyprus. In 2016, the FF Group entered a wider distribution channel, through the exclusive representation and distribution of the Max Factor make up products in the Greek market. The FF Group also undertook the distribution in the Greek market of internationally known cosmetics brands such as: Molton Brown and Annick Goutal, amongst other, in its own beauty and lifestyle boutique Heaven on Earth. Maintaining a key role in the global travel retail sector, even after the sale of Hellenic Duty Free Shops to the Swiss Dufry AG, the FF Group became a strategic partner of Dufry by joining the main shareholders of the Swiss Group. Αt the same time Mr. George Koutsolioutsos is a member of Dufry›s Board of Directors. Dufry is a leading global travel retailer operating some 2,200 duty-free and duty-paid shops in airports, cruise lines, seaports, railway stations and downtown tourist areas and operates in 63 countries in Europe, Africa, Eurasia, Central America & Caribbean, North America and South America. The FF Group creates fashion globally and has established a strong presence counting more than 980 points of sale worldwide and employing some 5,000 people worldwide.

159

CREATIVE GREECE 2017 - EXPORT LEADERS

SIDENOR AND ITS AFFILIATE COMPANIES

The leading producer of steel products in South East Europe

Contact Details e-mail: info@sidenor.vionet.gr website: www.sidenor.gr

160

With more than 55 years of steel industry expertise, Sidenor Steel Industry and its subsidiaries are reliable partners offering high quality and innovative solutions to their world-class customers. Sidenor Group is a leading producer of steel products in South East Europe. Its extensive product portfolio, which includes long and flat steel products, and downstream products, is manufactured across nine facilities in Greece, Bulgaria, Romania, FYROM and Australia. Project locations span Germany, Romania, Balkans, Algeria, Israel and the U.S.A. Sidenor Group is truly a global supplier. Product portfolio Sidenor Group provides a full range of solutions in the steel sector, to cater to the complex needs of its clients in Greece and internationally. The key features of the products of Sidenor Group are: ● outstanding quality ● strict adherence to applicable standards and regulations, and ● innovative characteristics, which provide customers and end consumers with added value. The products of Sidenor Group are mainly used in major technical – construction works, both in Greece and internationally, in various industrial applications, in shipbuilding, in the automotive industry, in the energy production sector, etc. The product family is structured as follows: SD integrated reinforcing system: The SD integrated concrete reinforcing system represents the approach of Sidenor Steel Industry when addressing significant demand for high ductility steel provided for increased protection against earthquakes. The system consists of SD concrete reinforcing steel, SD stirrup reinforcing mesh, Sidefit special mesh, SD wire mesh, Sidefor and Sidefor Plus prefabricated stirrup cages, Inomix steel fibres and lattice girders. Wire rod: Wire rod of S.A.E 1006, 1008, 1010 grades, RSt37-2 electrode quality, in cross sections from Ø5.5 to Ø16.0, which is suitable for a wide range of size reduction applications and meets all low-carbon wire production needs.

CREATIVE GREECE 2017 - EXPORT LEADERS

SBQ-Special steels: Hot-rolled round bars (diameter: 22-120mm) and peeled turned and polished round bars (diameter: 30-115mm) used in the automotive industry and in various industrial applications. Steel plates: Manufactured in accordance with the EN and ASTM European and American standards and also more specific certifications for shipbuilding, boilers, etc. Plates are intended for general construction purposes, shipbuilding, manufacturing of tanks, pressurised boilers, bridges, coach works, pipes, agricultural machinery, machinery components etc. Merchant bars: Sidenor produces a wide range of merchant bars covering the various needs of its customers. Its portfolio of merchant bars consists of hot-rolled square bars, hot-rolled flat bars of rectangular cross-section, hot-rolled round bars of circular cross-section, hot-rolled equal angle bars with round edges, I-section beams (IPE), and UPN channels. Steel balls for grinding: Steel balls for grinding are produced in various diameters ranging from 60mm to 100mm. They are used for grinding in ore grinding mills, most commonly in metal mining. To optimise its function for a specific metal, different hardness levels of the product can be used. THN Mining profiles: THN mining profiles have been developed for use in the production of steel arches for public works and underground mines, as well as formworks for tunnels. The use of THN profiles in tunnel and roadway support provides higher resistance and a yielding support. Boron flats: Boron steel flats bars are utilised where high strength, impact resistance, good bendability and weldability are required. Hot-rolled boron flats are used in the fork-lift industry in the production of lifting forks. Welding products: Erlikon produces a complete range of welding electrodes and wires. Its steel products cover a wide range of welding, hardfacing and cutting applications. The quality offered meets the strict requirements of the construction and shipbuilding sectors, raw materials and power industries, as well as the chemical and food industries. Various types of electrodes and welding wires are made available for non-alloyed and low-alloyed steels, fine-grained structural steels, hardfacing, heat-resistant steels, stainless and heat-resisting steels and also for cast iron and aluminium. Wire products: Wire products are manufactured by the subsidiary Erlikon Wire Processing S.A. (Erlikon) and used in a variety of applications. The wire products produced by Erlikon are divided into the following categories: - Black soft and hard wires - Common soft galvanised wires, semi-hard and heavily-galvanised wire under the trade names Syrgal, Syrgal Hard and Extragal, respectively - Welded galvanised mesh in rolls and sheets under the trade names Perinet and Overnet, respectively - Steel fibres for concrete reinforcement under the trade name Inomix (part of the SD Integrated Reinforcement System) - Double-twist hexagonal mesh (serasanetti) in rolls and gabions In order to achieve the optimum balance between operational and commercial flexibility, and production effectiveness, Sidenor Group has adopted an operational structure focused on the following three areas: â&#x2014;? Mini-mills; â&#x2014;? Downstream operations for steel product processing; â&#x2014;? Sales and distribution.

161

CREATIVE GREECE 2017 - EXPORT LEADERS

Food Products Commercial

KALLAS PAPADOPOULOS SA

Possessing a wide product portfolio

Contact details 13 Phil. Damianou St - Aharnes, 136 71, Athens, Greece Tel: +30 210 2401830 Fax: +30 210 2401833 E-mail: info@kallas-pap.com Website: http://www.kallas-pap. com

162

Founded in 1967, Kallas Papadopoulos SA has been active as an importer and distributor of raw materials and foods for more than 45 years, satisfying the needs of several industrial sectors, including confectionery, bakery, dairy products, charcuterie and the food service industry. Kallas Papadopoulos maintains modern facilities offering controlled temperature at its warehouses in the Aharnes area of northern Athens, the Thessaloniki industrial zone’s Vathy Avlidas area along the Athens-Thessaloniki highway, at the Ritsona interchange, as well as in Tripoli (Peloponnese), Volos (mid northeast Greece), and Bucharest, Romania. The company’s distribution system operates entirely on a “first in, first out” basis, constantly monitoring all controlled temperature facilities through calibrated thermographs. Hundreds of tons of goods are distributed daily to several destinations around Greece by a fleet of refrigerated trucks owned by the company, ensuring direct and constant delivery. The company has been exporting various products since 1995 to Cyprus, Bulgaria, Romania, Poland, Albania, the Former Yugoslav Republic of Macedonia (Fyrom), Egypt and Tunisia. The company’s Thessaloniki facility serves to minimize distances regarding its exports to the Balkans. In addition, the company operates a distribution network in Romania and Cyprus. Its quality-control department has operated since 1987. Sampling tests are carried out every day on all incoming and outgoing products by trained staff, ensuring excellent quality. The firm has been implementing Hazard Analysis and Critical Control Points (HACCP) systems since 2001 and is certified with ISO 22000:2005 Food Safety Management System and ISO 9001:2008 Quality Management System standards. Kallas Papadopoulos imports high standard food and raw materials in order to guarantee its clients excellent quality, as well as the best possible quality/cost ratio. The company markets numerous products, including dairy powders, liquid milk, UHT milk, Belgian cow milk cream, whey powder protein products, butter, cheese, cocoa, chocolate, vegetable fats, vegetable margarines, vegetable oils, vegetables fats bulk, creams, egg powder, wheat products, corn starch, potato products, frozen fries, canned products, pasta, food additives, organic products and frozen chicken products. The food company in 2015 saw its sales inch down to 140 million euros against 147 million euros a year earlier. However, pre-tax profit rose to 4.20 million euros compared to 3.88 million euros in 2014.

CREATIVE GREECE 2017 - EXPORT LEADERS

TRANSPORTING

PIRAEUS CONTAINER TERMINAL S.A.

Seeking to develop Piraeus into the Mediterranean’s shipping focal point

Fu Cheng Qiu Captain

Piraeus Container Terminal S.A. is a company registered in Greece and a wholly-owned subsidiary of COSCO Pacific Limited, a leading container terminal operator, ranked fifth worldwide. PCT is principally engaged in the development, operation and commercial utilization of the existing Pier II. Its future plans include construction of Pier III, so as to achieve a substantial growth in container handling capacity. PCT develops, maintains and manages container terminal facilities and operations for all types of containers. With the aid of modern equipment, advanced technologies and an experienced workforce, it operates container terminals with the objective of being a gateway and shipping hub in Greece, the Mediterranean and Europe by providing modernized and customer-oriented terminal services. PCT currently operates the four berths at Pier II, which will be expanded to six berths when Pier III is ready. Pier II’s west-side quay length is 700 meters with a depth of 16 meters, while Pier II’s east-side quay length is 787 meters with a depth of 14 meters. Pier III’s east-side quay length will be 600 meters with a depth of 16 meters. It is scheduled to be launched this year. Thirteen new super post panamax quay cranes will be added to Pier II and Pier III to expand the number of quay cranes from the existing eight units to 21 units thus year. PCT occupies a total floor area of about 763,998sqm, with an enormous supporting container stacking area – paved with concrete blocks and designed for an annual capacity of about 3.7 million TEUs, when Pier III is ready. The stacking blocks will be served by 24 units of state-ofthe-art automated rail-mounted gantry cranes (RMGs). There will be 1,000 plug points for refrigerated containers. In 2015, PCT posted a rise in sales to 140,5 million euros compared to 134.9 million euros a year earlier. Pre-tax income also rose to 36.8 million euros against 29.9 million euros in 2014.

Contact details Sembo Neo Ikonio, 188 63 Perama, Attica, Greece Te.l: +30 2104099100 Fax: +30 2104099101 Website: www.pct.com.gr E-mail: info@pct.com.gr

163

CREATIVE GREECE 2017 - EXPORT LEADERS

Pharmaceutical Industrial

DEMO S.A. Pharmaceutical Industry

More than 50 years of dynamic presence in Greece and worldwide

Dimitrios Demos, Vice President

Contact details 21st km Athens-Lamia National Road, 14568, Krioneri, Attica Tel.: +30 210 8161802 Fax: +30 210 8161587 E-mail: info@demo.gr Website: http://www.demo.gr

164

DEMO S.A. pharmaceutical industry is an industrial and commercial organization of international reach established in 1965 and active in the production and sales of pharmaceutical products. The company’s plant located in Krioneri of Attica is the largest in Southeast Europe, with modern facilities of 45,000 m2, where a sophisticated Quality Control laboratory of 1,500 m2 is included as well. With an annual growth rate of over 11% during the last 10 years and 800 employees in 2016, DEMO is one of the leading pharmaceutical companies in Southeast Europe. Company’s mission is to develop, manufacture and distribute worldwide safe and effective pharmaceutical products at competitive prices. Demo’s goal is to be consistently one of the best companies in the pharmaceutical market, maintaining the leading position in the Greek industry, its’ dynamic growth and the preference of customers and partners in company’s products. In particular, the company operates in the health sector based on the following pillars: ● Production, approval and distribution of pharmaceutical products in the Greek and global market. ● P roduction of Injectable products of all forms (Liquid inj., Lyophilised products, Emulsions, Penems, Penicillins, Cephalosporins) ● Distribution of foreign pharmaceutical companies’ innovative products. ● Distribution of medicines for rare diseases. DEMO with a portfolio of 140 different products leads the pharmaceutical industry, as it has a strong presence in the hospital market, ranking first among the pharmaceutical companies in terms of sold units. The three manufacturing facilities in combination with the high tech warehousing facilities in both Athens and Thessaloniki allow the company to offer its own logistic services to all hospitals countrywide. In addition to that, DEMO consistently invests in its international collaborations. International Sales’ Revenues increased dramatically over the last decades while since 2004 DEMO S.A. is ranking as the top exporter of injectable pharmaceuticals (owned branded). Today, it has a global sales network with its own products in 52 countries, including countries in Europe, Asia, Africa, Latin America, Oceania, Middle East with a significant market share in many of them. Since the end of 2013, it has presence in Germany through the subsidiary DEMO Pharmaceuticals GmbH with headquarters in Munich. Additionally, DEMO already operates a branch office in China, while the operation of 7 more branch offices in other foreign countries is included among its immediate goals. The company has more than 1,300 approved products and 229 presentations under rregistration in 59 countries. The global operation of DEMO has led the company to export 82% of its produced units while it is worth noting that is internationally recognized being one of the official suppliers of pharmaceutical products of the United Nations, UNICEF, MSF and World Health Organization. The Quality Assurance Department monitors constantly all production and controls activities of the company, ensuring strict compliance as to the applicable standards GMPs, GDPs, ISO 9001:2008, ISO 13485:2003, DY8/1348/04. The Department is staffed with experienced scientists of most specialties and is structured into two independent groups, one for each wing of the production. At the same time the QA Department has achieved to combine the different requirements of universally valid laws of pharmaceutical regulations and to integrate them smoothly into its quality system. This has led to the approval of DEMO S.A. by strict Legislative Authorities from all around the world. Furthermore, a number of new research projects are under progress. Under the supervision of highly qualified researchers – most of who own PhD degrees from the most acclaimed universities in Europe – R&D lab represents the company’s launching pad for the following decades. The Greek pharmaceutical in 2015 continued its growth course, reporting sales o 123 million euros compared to 111 million euros a year earlier. Pre-tax income also rose to 18.98 million euros against 16.86 million euros in 2014.

CREATIVE GREECE 2017 - EXPORT LEADERS

COSMETICS Commercial

SARANTIS GROUP

A business success story of Greek origin

Mr Kyriakos Sarantis, Vice-president and Managing Director of Sarantis Group

Contact details 26 Amarousiou-Halandriou Ave. 151 25, Athens TEL: +30 210 61 73 000 FAX: +30 210 61 97 124 Website: http://www.sarantisgroup.com/ en/

Sarantis Group, with over 50 years operating in Greece, has become a leading supplier of consumer products. Gr. Sarantis SA is now a Greek multinational company through subsidiaries in Europe and a significant export activity worldwide. In spite of the difficulties in the business and economic environment, the Group presents an impressive growth path, resulting from years of effort and targeted strategy. The Group’s success story is based on its systematic expansion investment abroad through subsidiaries and continuous renewal and strengthening of its product portfolio, which added new brands through acquisitions and new exclusive representation of international trademark deals. The implementation of the Group’s strategy is made possible partly as a result of its robust economic position that enables the Group to finance its expansion plans, and because of the people who serve the Group’s vision with professionalism and dedication. The Group’s product portfolio includes more than 80 well-known brands that are milestones in their respective classes. NOXZEMA, CARROTEN, BIOTEN, ORZENE, STR8, BU, C-THRU, PROSAR, SANITAS, AVA, TEZA, PYROX, CAMEL and AFROSO are some of the company’s own products retaining high readability and maintaining significant market shares. Moreover, through exclusive distribution deals, the Group sells strong brands like LA PRAIRIE, PRADA, NINA RICCI, CARTIER, CAROLINA HERRERA, TRUSSARDI, JOHNSON & JOHNSON, DENIM, LANES, CLEARBLUE, BIO-OIL, etc. ESTEE LAUDER products have also been added to the firm’s products through a joint venture between the Group and ESTEE LAUDER COMPANIES. The Group’s international presence includes nine (9) subsidiaries in European countries - Poland, Romania, Bulgaria, Serbia, Czech Republic, Hungary, Macedonia, Bosnia-Herzegovina, Portugal, as well as exports to more than 35 countries. In 2015, Sarantis Group posted a rise in sales to 278 million euros, with a net profit of 19.78 million euros, registering double-digit growth rates. 2016 was another significant upswing year for the Group, with double-digit growth rates both in terms of sales and net profits, also maintaining a healthy financial position. A significant increase is recorded in all product categories and geographical areas of the Group, as its product support operations, together with the constant renewal of the product portfolio and the new additions to it, contribute to increasing brand awareness and support the Group‘s further growth.

165

CREATIVE GREECE 2017 - EXPORT LEADERS

Pharmaceuticals Industrial

ELPEN S.A.

50 years of people-centered business

Theodoros Tryfon, Vice President

Contact details 95 Marathonos Ave., 190 09 Pikermi, Attica, Greece Tel.: +30 210 60 393 26-9 Fax: +30 210 60 393 00 E-mail: info@elpen.gr Website: http://www.elpen.gr

166

Celebrating 50 years of healthy business activity and growth, Greek Pharmaceutical ELPEN is now a major springboard for medicinal products development in Greece, with a significant contribution to the country’s economy. Guided by its vision to serve People and Society and contribute to Development, ELPEN, established in 1965 by pharmacist Dimitris Pentafragas, has now evolved into a major organization in Greece’s entrepreneurship map, significantly representing Greek drugs in global markets. Being a bright beacon in Greece’s bleak landscape of deindustrialization, ELPEN plays an essential role in domestic entrepreneurship, maintaining its productive base in Greece, even in the midst of an acute economic crisis. The firm’s steady growth has elevated it in sixth position in a market with more than 400 pharmaceutical companies, both domestic and multinational. Representing for 50 years Greece’s strong production potential, the company has formed solid trust relationships with the medical community, as well as the national health system and patients, thanks to the quality and therapeutic efficacy of its drugs. By applying the highest production standards and strict quality controls, ELPEN is active in all major therapeutic areas, holding a leading position in the fields of cardiology and pulmonology. As the firm continues to grow, it remains committed to quality, with its production having already reached 210 million packages, produced so far at its ultra-modern facility in Pikermi, on the eastern outskirts of Athens. Constantly expanding the extensive know-how it has accumulated in 50 years of operation, the firm has set the filed of research as the backbone of its business, investing a significant proportion (7%-10%) of its revenue in research programs. Boasting the largest private applied research and education workshop in Greece, ELPEN paves the way for innovative medicines of high quality and therapeutic value. ELPEN’s long research activities have resulted in the development of the innovative Elpenhaler® inhalation device, which carries international patents in more than 100 countries. Invented by ELPEN’s founder and president Dimitris Pentafragas, Elpenhaler® boasts an innovative design, making it a highly effective therapeutic weapon for the treatment of asthma and COPD (chronic obstructive pulmonary disease). ELPEN drugs are also available in international markets, as the firm’s extensive export activities span across Europe, Asia and Africa, with some 30 drugs distributed in 27 European countries and another 60 worldwide. In addition, the establishment of the Germany-based subsidiary ELPEN Pharma GmbH, in 2012, has led to the Greek firm becoming a recognizable force in the German pharmaceutical market, while its production know-how and product quality have led to the establishment of long-term business partnerships with major international companies in the pharmaceutical industry. ELPEN currently employs a staff of 900, continuing to support employment amidst Greece’s economic crisis. Remaining firm of its founder’s vision to always serving fellow human beings, ELPEN promotes a people-centered working environment, and is actively involved in Corporate Social Responsibility programs in Greece and abroad. In 2015, the drug company reported sales of 119 million euros, against 113 million euros a year earlier. Pre-tax earnings inched up to 4.91 million euros compared to 4.90 million euros in 2014.

CREATIVE GREECE 2017 - EXPORT LEADERS

Food Products Industrial

MEVGAL S.A.

Exporting to more than 30 countries all over the world

Dimitris Alepakis, Exports Director

MEVGAL is the largest dairy industry in Northern Greece and the third largest company, with respect to production, in the fresh dairy products sector in Greece. The company was founded by Constantinos Hatzakos and Christos Hatzitheodorou, two cousins with deep roots in milk production and processing. The founders’ families had already been making dairy products in Thessaloniki and East Thrace since 1930. In 1950, they founded the MEVGAL company as a natural extension of their family’s traditions; with it begun a great history of growth and success. In 1952 the founders relocated the company to Koufalia, a farming village which is close to Thessaloniki and is renowned for its excellent milk. Since then, MEVGAL has been active at the heart of cow’s milk production, where 67% of fresh Greek milk is produced. Mevgal΄s starting point was Feta Cheese, Yogurts and the distribution of fresh milk in the surrounding area. The freshness and premium quality of these raw materials is reflected upon the company’s wide array of end products. Mevgal produces delicious, healthy products, delivered every day to more than 26,000 sales points in Greece, via one of the best privately-owned distribution networks. Mevgal was one of the fist dairy companies in Greece to export its products, commencing exports in 1985. Today, the company exports PDO Feta Cheese, Authentic Greek Yogurts and other Greek Dairy Products to more than 30 countries all over the world via an organized network of associates, helping to make the healthy Mediterranean diet known worldwide. The company applies an intergrated Quality Management System, with consistency at all stages of production based on strict international standards: HACCP, ISO, BRC, IFS, non-GMO animal feed, FDA. Mevgal’s values have remained the same and non-negotiable for the last 66 years: respect for tradition and dedication to quality, aiming to offer fresh dairy products to thousands of consumers.

Contact details Koufalia 57100, Thessaloniki, Greece Τel: +30 23910 59217 - 218 Fax: +30 23910 59216 Email: exports@mevgal.gr Website: http://www.mevgal.gr

167

CREATIVE GREECE 2017 - EXPORT LEADERS

FOOD PRODUCTS Industrial

DODONI SA

Market leader in PDO feta cheese

Michail Panagiotakis, Deputy CEO

Contact details 150, Vouliagmenis Ave, 166 74 Glyfada Τel.: +30 210 9803230 Fax: +30 2651089707 Email: info@dodoni.eu Website: www.dodoni.eu

168

Fifty-three years after its establishment in 1963, DODONI dairy company, with respect to its heritage, continues to unfold its unique history, devoted to its tradition and its authentic taste, the taste of good. The firm today fully meets the increasing Greek and international consumers’ needs for pure and 100% Greek products, identified as a superior brand in taste and high quality. With a wide range of nine categories of purely Greek products and some 80 different codes, the leading dairy company has won its own exclusive place on consumers’ table, offering authentic flavors that make daily life more delicious and special! The firm’s number one selling product, Dodoni PDO feta cheese, as well as its fresh milk, real yogurt, hard cow cheese, galotyri cheese, butter and many other unique products made of pure raw materials, are the key parameter of the firm’s superior quality and authentic taste. Its expanded network of more than 5,000 producers in 514 villages of Epirus, north-western Greece, ensures the company’s daily supply of 100% Greek, homogenized and pasteurized milk, rich in natural flavor, thanks to 2,500 herbs and plants growing in the specific region’s pastures. Thanks to these pure and high quality raw materials of Epirus, Dodoni daily adds even more love and care for consumers, maintaining the taste tradition alive for 53 years and achieving high quality through the application of a strict control system and product quality assurance. Through its exports, Dodoni ‘travels’ to international consumers in 35 countries worldwide, becoming a proud ambassador of Greek products and cuisine, promoting Greek quality and legacy. In addition, its continued insistence on pure raw materials and respect for customers make the firm synonymous with unrivaled quality for consumers both in Greece and abroad. Dodoni reported a rise in 2015 sales and pre-tax income. Sales rose to 95.44 million euros against 92.64 million euros a year earlier. Pre-tax profit more than doubled to 5.22 million euros compared to 2.36 million euros in 2014.

CREATIVE GREECE 2017 - EXPORT LEADERS

TRANSPORTATION SERVICES

Hellenic Railways Organisation (OSE) Giorgos Apostolopoulos, Chairman of OSE

Fast, secure, convenient and economical transport of passengers and goods. The history of Greek railways has kept pace with the history of the modern Greek state. This living history of the railways in the past 40 years in Greece is identified with OSE. Established in 1970 as a wholly state-owned enterprise, OSE is a Public Utility Company headquartered in Athens, and operates in full administrative, legal and financial independence under the supervision of the Greek State. Pursuant to the law (4408/2016), OSE is the manager of Greece’s National Railway Infrastructure.

Kostas N. Petrakis, CEO of OSE

This capacity implies: ● Systematic maintenance of infrastructure to ensure maximum safety in traffic. ● Fair and efficient allocation of network capacity between railway companies. ● Continuous improvement of services provided for the benefit of financial growth, economy, society and the environment. ● Collaboration with all government levels: general government, local government, independent authorities. OSE’s vision is the development and management of a modern infrastructure for rail transport services, making the national railway network a vital part of trans-European routes, satisfying the needs of citizens and businesses for fast, secure, convenient and economical transport of passengers and goods.

Contact details 1-3, Karolou st., 104 37 Athens Τel.: +30 2130121790 Fax: +30 2130121131 Website: www.trainose.gr

OSE’s mission is to provide the appropriate services in order to: ● Make railways the main means of transport for both passengers and goods. ● Maximize the socioeconomic efficiency of the available resources to provide high-quality rail services in the most part of the country. ● Fully integrate into the European railway environment. ● Achieve an harmonic cooperation with financial institutions, business and the country’s social life. ● Be the railway tourism kingpin for regional development as an organic component of social and business initiatives.

169

CREATIVE GREECE 2017 - EXPORT LEADERS

FOOD PRODUCTS Industrial

INTERCOMM FOODS SA

Stergios Tsagkoulis, Chairman & CEO

Contact Details 8th km Larissa-Sikouri highway, Larissa, 41110 (PO BOX 1127), Greece Tel: 0030-2410-575092,93 Fax: 0030-2410-575091, 575503 Email: fruitsales@intercomm.gr, olivesales@intercomm.gr Website: www.intercomm.gr

170

Continuing its presentation to more than 60 export destinations worldwide INTERCOMM FOODS SA, founded in 1990, is located in Larissa, central Greece, and is one of the country’s leading export companies. The firm has strong experience in PRIVATE LABEL products, and at the same time has developed its main brand DELPHI. Sales in 2015 rose to 84.5 million euros compared to 78.6 million euros a year earlier, (with a pre-tax profit of 8.7 million euros). In 2016, sales inched down to 82 million euros. The company’s headquarters, warehouse and main production facilities cover an area of approximately 160,000m2. The firm operates two factories: (1) Olive and Fruit factory in Larisa, and (2) Olive factory in Kompoti, Arta. In 1999, the company carried out a large investment in the field of olives, with modern installations and state-of-the-art equipment. Through this investment, it succeeded in becoming the leader and biggest olive processing company in Greece, with the highest standards, subsequently gaining ever-increasing recognition in the international olive market. Intercomm Foods SA is also a leader in ASEPTIC fruit, supplying peach and apricot to top factories (jam producers, fruit preparations, juice factories, yogurt factories, etc.), all over the world and satisfying the highest quality standards and requirements. Main product categories: ● Olives, pastes & antipasti ● aseptic peach & apricot fruit ● peaches and apricot in cans & jars ● apricot and peach compote in cans and jars ● jams - syrups

CREATIVE GREECE 2017 - EXPORT LEADERS

Intercom Foods SA is a family-run business that began operating with high ambitions. These days, the firm does business not only in Western Europe but around the world. It provides private label products to some of the biggest retail groups, such as Carrefour, Casino, Walmart, Kaufland, Aldi, Lidl, Tesco, Sandhurst, Metro, Norma, Edeka, etc. The firm also enjoys a strong market presence with its brand-name products in the Balkans, Scandinavia and eastern Europe. Marketing its products under the Delphi brand name, the firm exports to the Former Yugoslav Republic of Macedonia (FYROM), Bulgaria, Romania, Ukraine and Scandinavian countries. Though the firm’s entry and survival in the Russian market proved difficult in the mid-1990s, it has managed to bolster its standing through a company of its own, which, besides marketing its own products, such as olives and compote, also offers other products, including olive oil, pastas, traditional Greek delicatessen and cheese products. Intercomm Foods SA exports up to 98% of its products to 60 countries and to more than 450 clients worldwide. Export destinations: EC, Russia, Ukraine, Switzerland, USA, Canada, Australia, New Zealand, Iran, Mexico, Russia, China, Japan, South Africa, Mexico, Brazil, Middle East countries, etc. It is certified and operates according to ISO22000:2005, BRC, IFS quality standards. In 2017, the firm is carrying out an investment to upgrade and expand its Larisa facilities, valued at nine (9) million euros. Awards for Intercomm’s export presence worldwide by ● EBEA – Greek Chamber of Commerce in Athens ● Active Greece – Stat Bank ● Silver top exports company 2015 - Greek exporters According to financial sources: (1). Infobank Hellas: Intercomm Foods SA was among the 15 Greek fastest growing companies in 2009-2013. (2). Fortune: Intercomm Foods SA was the 6th most dynamic company among the 30th fastest growing Greek companies in 2015.

171

CREATIVE GREECE 2017 - EXPORT LEADERS INTRALOT CMYK Matt Guide

Orange: CMYK 0/70/100/0 Grey: CMYK 70/50/65/50

INTRALOT SA

Contributing to the future development of the industry INTRALOT, a listed company established in 1992, is a leading gaming solutions supplier and operator, active in 55 regulated jurisdictions around the globe. With €1.9 billion turnover and a global workforce of more than 5,200 employees in 2015, INTRALOT is a robust corporation uniquely positioned to offer to lottery and gaming organizations across geographies ground breaking solutions and operational expertise. Through the use of a dynamic and omni-channel approach, INTRALOT offers an integrated portfolio of best-in-class gaming systems and product solutions & services addressing all gaming verticals (Lottery, Betting, Interactive, VLT). Players can enjoy a seamless and personalized experience through exciting games and premium content across multiple delivery channels, both retail and interactive. INTRALOT handles an average of €24.4 bln of wagers per year and has installed and operates more than 300,000 of its proprietary terminals around the world. As a member of the UN Global Compact, INTRALOT is a global corporate citizen committed to sustainable development, and is an active proponent of the principles of responsible gaming, possessing the WLA responsible gaming framework certificate. The company maintains the highest security certifications. INTRALOT is the first international vendor in the gaming sector that has been certified according to the World Lottery Association (WLA) Security Control Standard in 2012. Moreover, the Company has been certified with the ISO 27001 for its Information Security Management System (ISMS) and maintains the ISO 20000-1 certification on Information Technology Service Management. INTRALOT contributes decisively to the future developments of the industry being a member of the major Lottery and Gaming Associations around the globe: Platinum Contributor of WLA, Premium Partner of European Lotteries, Top Sponsor of North American Association of State & Provincial Lotteries, Star Contributor of CIBELAE (Lottery Association for South America and the Iberian Peninsula), Gold Sponsor of Asia Pacific Lottery Association, Member of Gaming Standards Association and Gold Member of the Association of Gaming Equipment Manufacturers.

Contact details 64, Kifissias Ave. & 3, Premetis St., Athens, 15125 Greece Phone : (+30) 210 615 6000, Fax: (+30) 210 610 6800 Email: info@intralot.com Website: http://www.intralot.com

172

Η ΕΦΗΜΕΡΙΔΑ ΠΟΥ ΣΕ ΤΑΞΙΔΕΥΕΙ

ΟΚΤΩΒΡΙΟΣ

Λιλή Π εργαν τά,

πρόε σύμβουδρος και δι ευθύ λος τη ς Pow νουσα er Hea lth

Η επιχ ειρημα τίας πο το «φα υ έφερε ρμακε ίο τη στη γε ς φύσης» ιτονιά σας

Έρευνα

της Hell as

List.

173

CREATIVE GREECE 2017 - EXPORT LEADERS

PLASTICS-RUBBER PRODUCTS Industrial

ATLAS TAPES SA

Exporting over 85% of production

Contact details 68 Varis Ave., 166 73 Voula, Attica, Greece Tel.: +30 210 8995388 Fax:+30 210 8995386 Email: info@atlas-tapes.gr Website: www.atlas-tapes.gr

174

Atlas Tapes Group, comprising Atlas Tapes SA (parent company) and P. Lantzis SA (affiliate company) , is a vertical manufacturer of self-adhesive tapes, considered a Greek market leader and ranking among the top European producers, exporting more than 85% of its production. The original company was founded in Athens by Christopher Lantzis and his sons in 1953. In 1977 production moved to Atalanti where it remains until today. Over the years, various investments in production led to the addition of new coating technologies and currently the company manufactures a comprehensive range of tapes, which includes: ● Packaging tapes: PVC, BOPP coated with solvent, acrylic and hot melt adhesive ● Masking tapes: Acrylic, solvent and hot melt ● Stationery tapes: Cellulose and BOPP ● Specialty products. Takis Lantzis and his son Jason (3rd generation), with the support of new investors, are on the helm of Atlas Tapes since 2008. During the same period, a five-year investment program led to the increase in total covered area of plants to 40,000 square meters, on a 135,000-squaremeter plot. New offices were constructed to accommodate the constantly increasing needs for human resources, while a fully automated slitting department was created and a state-of-theart laboratory, operating under ISO 9001 and 14001, was completely renovated. In 2014 Atlas Tapes celebrated its 30-year anniversary of masking production by installing a new paper impregnation line (total of two) and a dedicated masking solvent natural rubber coater along with another two lathe slitters (total of three). Atlas Tapes production today operates: ● Nine (9) coating lines: two acrylic water based, five solvent natural rubber and two hot melt synthetic rubber. ● Two (2) masking paper impregnation lines.

CREATIVE GREECE 2017 - EXPORT LEADERS

â&#x2014;? F ifteen (15) fully automatic and robotic slitterrewinders and numerous semi-automatic, as well as three fully automatic lathe (torno) slitters. Continuous developments and upgrading of the plant facilities highlights the companyâ&#x20AC;&#x2122;s dynamic for technologically advanced production and high quality standards. The above investments combined with a steep increase in sales in recent years, have led to an increase in personnel from 195 in 2010 to 370 in 2017, with all these skilled employees constituting the heart and soul of the operation. Personnel numbers are expected to further increase as a result of the augmented capacity, growing sales and constant company growth.

175

CREATIVE GREECE 2017 - EXPORT LEADERS

FITCO S.A.

A leading Greek copper alloy producer with significant international presence Fitco is a subsidiary of the Halcor Group, that constitutes copper processing and marketing segment of Viohalco and a leader in the Greek copper alloy market. With experience spanning more than thirty-five years, the Company invests in research and innovative technologies, aiming to stay ahead of the competition in terms of productivity, product innovation and quality. Fitco employs a certified Quality Management System in accordance with ISO 9001:2008 and its products conform to the main European and US quality standards (EN, DIN, BS, NF and ASTM). Committed to sustainable development and environmental protection, Fitco employs certified systems in accordance with the Environmental Management System (ISO 14001:2004) and the Occupational Health and Safety Management System (OHSAS 18001:2007). Fitco has significant international presence, exporting approximately 86% of its production, and provides exceptional support for its products, which are distributed to more than thirty countries worldwide. The Company focuses on responding reliably and rapidly to changes in demand with the aim of achieving total customer satisfaction. Fitco product range ● Solid and hollow brass bars (round, squared or hexagonal)

Contact details e-mail: edamiani@fitco.vionet.gr website: www.fitco.gr

Key data

● Brass sections

● Brass tubes

● Brass Flats

● Copper

● Brass wire

Fitco S.A. Year 2015 figures* Amounts in EUR thousand

Revenue (turnover) Sales outside Greece EBITDA

63,403 54,434 (739)

Investments Market presence in: Sales outside Greece

30 countries 86%

*Fitco S.A. financials are included in Halcor Group 2015 consolidated figures.

176

alloy wire and net for fish farm cages

CREATIVE GREECE 2017 - EXPORT LEADERS

CHEMICAL PRODUCTS Industrial

DOW HELLAS SA

Capturing value and delivering superior performance

Despina Anastasiou, General Manager , Greece & Cyprus Regional Leader Central Europe

Contact details Thoriko (P.O. Box 47), Lavrion, Attica, Greece Tel.: +30 2292062200 Fax: +30 2292025243 Website: www.dow.com https://www.facebook.com/TheDowChemicalCompany https://www.facebook.com/DowEurope https://www.twitter.com/DowChemical https://www.linkedin.com/company/ dow-chemical

Dow (NYSE:DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from material, polymer, chemical and biological science to help address many of the world’s most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow’s integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2015, Dow had annual sales of nearly $49 billion and employed approximately 49,500 people worldwide. The Company’s more than 6,000 product families are manufactured at 179 sites in 35 countries across the globe. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com. Dow Hellas S.A., a subsidiary of The Dow Chemical Company, was established in Greece in 1960 with the construction of a polystyrene manufacturing facility at Lavrion. The company supplies regional customers a variety of plastics raw materials, basic and specialty chemicals in Water Technologies, Food & Beverage Markets and Oil and Gas sectors, coatings and innovative agricultural solutions. The operations in Greece include commercial offices, laboratories and manufacturing lines for the production of polystyrene, STYROFOAM(TM) and XENERGY(TM), thermal insulation solutions for the construction industry. In 1991, Dow Hellas was the first company in Greece to be certified for the quality of its products according to the international standard ISO-9000, and in 2005 was certified for environmental protection procedures as stipulated by EMAS ISO-14001. The company played a leading and defining role in introducing Responsible Care to Greece in the early 90’s and with the recent launch of the Sustainability Goals 2025 remains committed to applying science expertise to create sustainable solutions to some of the world’s greatest challenges. In 2015, the chemicals firm posted a drop in sales to 59.73 million euros compared to 67.54 million euros a year earlier. However, pre-tax earnings rose to 10.59 million euros against 7.41 million euros in 2014.

177

CREATIVE GREECE 2017 - EXPORT LEADERS

Food Products Industrial

MELISSA KIKIZAS FOOD PRODUCTS SA

Greece’s oldest pasta producer

Alexandros Kikizas – CEO at Melissa Kikizas

Contact details 1 Vionos St., 104 43 Athens, Greece Τel:+302105190100, Fax:+302105190241, Website: www.melissa.gr, Email: melissa@kikizas.gr

178

MELISSA KIKIZAS S.A. was founded by Alexandros Kikizas in 1947 with the vision to create a food industry that will promote the Greek raw materials and transform them into high quality products. Since then, for more than six decades, the firm continues to bring the finest bounty of the land to the homes of people. The intertemporal mission of this dynamic and fast growing food company is to satisfy consumer nutritional needs through meaningful products of high quality, promoting well-being. Production of pasta and durum wheat semolina constitutes the company’s basic activity, with the firm each year absorbing more than 100,000 tons of Greek excellent quality durum wheat. The vertically integrated mill and the pasta production plant in Larissa produce more than 50,000 tons of pasta annually, ranking the plant as the largest in the Balkan area and among the 10 largest in Europe! In addition, in Melissa Kikizas, the preservation of the warm and friendly environment established by its founder allows employees to feel at home. Melissa Kikizas, now being managed by the third generation of the Kikizas family, has become one of the most important food companies in Greece, with significant export activity to more than 35 countries. In addition, since the early 1980s, the company has developed an interesting commercial activity, by striking international deals and entering with great success into food markets other than pasta. In 2015, the firm posted higher sales at 58.73 million euros compared to 55.38 million euros a year earlier. Pre-tax earnings also rose to 3.15 million euros against 2.34 million euros in 2014.

CREATIVE GREECE 2017 - EXPORT LEADERS

Transportation Services Commercial

GOLDAIR HANDLING SA

Progressive thinking, Innovation, Hard work

Kallinikos Kallinikos, Executive Vice President

Contact details

Goldair Handling is a leading supplier of ground handling services in South East Europe. In Greece, Goldair Handling offers the full range of passenger, ramp, aircraft, cargo & mail services. Goldair Handling also provides representation of airlines, flights supervision, crew administration, as well as VIP, executive aviation and airport lounge services. Goldair Handling is the first private ground handling company to operate in the liberalized Greek market since 1999. Since then, Goldair Handling was granted ground handling licenses to the airports mentioned below, resulting to a network of 26 airports in Greece, while the firm has won various awards from its valuable partners - airlines, authorities and airports. Goldair Handling serves the following airports: Athens (1999), Heraklion (2001), Thessaloniki (2001), Rhodes / Corfu (2005), Chania / Kos / Zakynthos / Mykonos / Santorini / Kefallinia (2010), Samos / Chios / Mytilene / Preveza-Aktion / Kavala / Kalamata / Skiathos (2011) and Araxos / Karpathos / Alexandroupolis / Ioannina / Lemnos / N. Aghialos-Volos / Paros / Skyros (2012). The company’s clientele includes more than 100 airlines including Aegean Airlines, Aeroflot, AirFrance, Air Mediteranne, Alitalia, Arkia Israel Airlines, Astra Airlines, Cyprus Airways, Emirates, easyJet, Etihad, Jet Time, KLM, LOT, Lufthansa, NetJets, Novair, Olympic Air, Primera Air, Qatar Airways, Small Planet, Tarom, Turkish Airlines, VIM Airlines and many more. Goldair Handling maintains a certified Quality and Environmental Management System, in accordance with the standards of ISO 9001:2008 & ISO 14001:2009, for the following activity fields of Ground Handling Services: Passenger and Ramp Services and Cargo and Mail Services. Goldair Handling is the first ground handling provider in Greece certified by IATA Safety Audit for Ground Operations (ISAGO), for the Organization and Management of the Company, as well as for the stations of Athens (ATH) and Thessaloniki (SKG). Goldair Handling is also active in Cyprus, with LGS Handling Ltd which is a Joint Venture between Louis Group and Goldair Handling, formed in 2008. Louis Group is one of the leading organizations in travel, cruising, hotel and catering groups in the Mediterranean, which has been providing passenger handling services and ramp supervision since 1947 in Cypriot airports. The firm reported higher 2015 results, with sales rising to 54.58 million euros, compared to 51.85 million euros a year earlier. Pre-tax profit rose to 3.64 million euros against 2.43 million euros in 2014.

Athens International Airport “El. Venizelos” Building 24, 1st Floor, 19019 Tel.: +30 210 3543889 Fax: +30 210 3543750 E-mail: ceo.secretariat@goldair-handling.gr Website: http://www.goldair-handling.gr

179

CREATIVE GREECE 2017 - EXPORT LEADERS

FOOD PRODUCTS Industrial

KRONOS SA

Global power in the canned fruit market

Eleftherios Saitis

KRONOS is a canned fruit industry established in 1971, and is today the leader in the Greek canning industry, the biggest in Europe and one of the top five worldwide. Having set quality and customer respect as its major priorities, the company has proved to be one of the main canned fruit producers and exporters worldwide. The firm is situated in Greece’s Central Macedonia region, the heart of peach production, as well as very close to the Thessaloniki port and airport. The use of modern and upgraded equipment secures a large production capacity on a daily basis. Over 1000 tons of fresh fruits are processed daily. Total production reaches over 3500 containers of all canned fruits. This generates an annual turnover in the region of 54 million euros. With a qualified staff of 50 permanent and 900 seasonal employees, the company enjoys a very high reputation among its clients for more than 35 years, securing for all, good services and communication. Canned products are well known for their aroma, flavor, texture and high quality. The product range includes: ● Peach halves, slices and dices. ● Peeled Apricots ● Fruit cocktail ● Peach and Apricot puree concentrate and single strength

Contact details Mavrovouni Skidra, 58500, Greece Tel.: +30 23810 89438 Fax: +30-23810 81106 E-mail: info@kronos.com.gr Website: www.kronos.com.gr

180

QUALITY ASSURANCE: With respect for the customer, Kronos is certified by TUV CERT for ISO 9001-2008, and HACCP, BRC higher level and IFS. ENVIRONMENTAL CONSCIOUS: Kronos places strong emphasis on respect for the environment. Therefore, it operates full water treatment facilities, with excellent results. In addition, for the past 10 years a lot of efforts have been made to receive organic peaches, cooperating with farmers and their associations, always in a close collaboration with the Institute of Trees in Naoussa, Greece and Agrolab Laboratories in Thessaloniki. The company reported steady 2015 sales of 49.89 million euros compared to 49.30 million euros a year earlier. However, pre-tax income dropped to 4.31 million euros against 6.14 million euros in 2014.

CREATIVE GREECE 2017 - EXPORT LEADERS

ELECTRONIC DEFENSE SYSTEMS

INTRACOM DEFENSE ELECTRONICS

An Internationally Competitive Company

G. I. Troullinos, Managing Director

Contact details IDE - INTRACOM Defense Electronics 21st km Markopoulou Ave., GR 19400 Koropi, Attica, Greece Tel. : +30 210 667 8000 Fax : +30 210 667 8001 Email : info@intracomdefense.com URL : www.intracomdefense.com

IDE (INTRACOM Defense Electronics) is the leading defense electronics and communications systems provider in Greece. It has been engaged in the development and production of defense electronics and communications systems for the Hellenic Armed Forces and the international market since 1992. The main areas of interest, where IDE invests continuously on new technologies to ensure a leading position in the international scene, are: ● Tactical Communications: Products developed in this area include Wideband Radios (Spartan, WiWAN and SeaNNet), Intercommunication Systems (WISPR, Tacticon, and NAUTiCON) and Satellite Communications (VSAT Cronos). ● Data Links and Telemetries: Design, development, qualification and production of missile data link and telemetry systems for surface-to-air (telemetry section of ESSM missile), air-toair (telemetry system, guidance section power supply and field test equipment of IRIS-T missile) and ground-to-air missiles (data link of IRIS-T SL missile). ● Missile Electronics: IDE develops and manufactures advanced missile electronics that meet the operational requirements of its customers, and has manufactured electronics modules (SRUs and/or LRUs) for the following missiles: PATRIOT PAC-3, CROTALE NG, RAM and Phalanx Close-In-Support Weapon System. ● Information Security: The SECLINE product line of encryption devices (SECLINE MBit, SECLINE a-PLUS and SECLINE IP) is designed to utilize dedicated cryptographic algorithms, fully developed by IDE and certified by the National Security Authorities. ● Hybrid Power Systems: IDE enters the era of environmentally safer energy with a series of Electric Power Conversion, Storage and Management products. ● National Security: IDE provides state-of-the-art technology and integrated systems for public safety agencies. In addition, IDE participates in joint multinational development and production programs in cooperation with major international defense system companies, making significant annual investments in R&D activities for the development of cutting-edge defense and security systems. In order to facilitate the rapid design and development of technologically advanced, highquality products and systems, IDE operates sophisticated R&D Laboratories within its facilities, which maintain a high level of specialization and are equipped with modern infrastructure. IDE expands its international partnerships through several co-production programs with leading manufacturers, resulting in the company’s participation in the implementation of stateof-the-art electronics for Air-defense Systems, Aircraft Self-Protection Suites, Weapon Systems Electronics, Radars and Electro-optics. Through its participation in the above Hellenic and international defense programs, IDE has achieved high levels of local added value and supports the Hellenic industrial sector by allocating considerable supply contracts to local subcontractors. In 2015, the defense electronics company reported sales of 49.66 million euros, compared to 51.24 million euros a year earlier; pre-tax profit rose to 973,000 euros against a loss of 787,000 euros in 2014.

181

CREATIVE GREECE 2017 - EXPORT LEADERS

PHARMACEUTICAL Industrial

TSETIS GROUP OF PHARMACEUTICAL COMPANIES (OFET) UNI-PHARMA SA, INTERMED SA

«53 years of value creation in the pharmaceutical industry. A story worth telling»

Contact details 14th klm National Road 1 145 64 Κifissia Attica, Greece Τel: +30 210 8072512 Fax: +30 210 8078907 Website: http://www.uni-pharma.gr/

182

Tsetis Group of Pharmaceutical Companies (OFET), comprises two complimentary, dynamic companies, UNI-PHARMA SA and INTERMED SA, that share parallel objectives, yet with a different focus. Kleon Tsetis, a pharmacist with a vision to strengthen the position of Greek companies in the pharmaceutical industry, established Uni-Pharma in 1967 with the mission of improving the Quality of Life of our fellow men by facilitating Access to Treatment with Innovative, High-Quality and cost-efficient Pharmaceutical Products. Since its establishment, UNI-PHARMA has been researching, developing, manufacturing and marketing pharmaceuticals of the highest quality, covering all major therapeutic categories, with innovation highlights such as APOTEL® and SALOSPIR®, as well as technological challenges such as T4®. INTERMED SA was founded in 1996 sharing the same mission, but with a clear focus on daily wellness needs. By introducing innovative cosmeceutical and pharmaceutical best-selling brands such as CHLORHEXIL®, EVA®, and UNISEPT®, INTERMED follows the trail blazed by UNI-PHARMA in developing, manufacturing and marketing high quality consumer health products that cover all major health care segments (Oral Care, Skin Care, Feminine Care, Baby Care, Nutrition, etc.), complementing UNI-PHARMA in its contribution to the improvement of Quality of Life of our fellow men. Uni-Pharma’s vision is to be among the leaders of the constantly changing pharmaceutical landscape, by offering high quality products to patients worldwide. Since its foundation, Uni-Pharma has grown from a small privately-held company into a large and dynamic organization, which currently holds the leading position in unit sales among Greek-owned companies in the domestic market, with over 20 million Stock Keeping Unit sales. In order to sustain this growth, Uni-Pharma actively explores partnering potentials with commercial partners and Academic Institutions alike, at global scale, while tirelessly investing in technology and manufacturing excellence. Through undaunted efforts, UNI-PHARMA’s reach today extends to five continents and 53 countries, leveraging on growth opportunities around the globe. UNI-PHARMA exports high technology products under its own brands, creating value and contributing to the great National effort of re-shaping the character of Greece’s economy. In the field of research, it has expanded far beyond the realm of pharmaceutical

CREATIVE GREECE 2017 - EXPORT LEADERS

technology where it already holds more than 30 patents, entering organic synthesis and drug discovery through collaborative translational research. Most prominent token of UNI-PHARMA’s commitment in multi-dimensional business development and source of competitive advantage is its new state-of-the-art industrial plant in Attica, which is the largest investment materialized in the Greek pharmaceutical field over the last 2 years. The new facilities are a model of safety, efficiency and automation. Bioclimatic design, allows a significant reduction of the site’s energy consumption footprint coupled with other best practices in the sustainability field, while being in full harmony with the surrounding environment, whereas fully automated and digitized production and control systems maximize effort and output.

Excellence, forever Awards and Recognitions. Throughout the years Uni-Pharma has received Excellence Awards by numerous Institutions both nationally and internationally for either its products or innovative business practices and procedures. Indicatively the following can be mentioned: Uni-Pharma has been nominated and awarded a relevant distinction in the category of ‘The most Admired enterprises’ in 2015 by the Active Business Publishing for the ‘Diamonds of the Greek Economy 2015’ institution. Uni-pharma has been accredited with the International Certification EFQM Recognised for Excellence - 5 stars. After eight consecutive years that the company applies the EFQM Excellence Model, UNI-PHARMA S.A has managed to combine business development with continuous improvement of business processes in key functional areas, while raising the bar of excellence every time. The jury committee of “DOMES ” International Review of architecture awarded Uni-pharma with the Distinction of Best Project of the years 2011-2015, for its new manufacturing facilities in the northern-Athens area of Kifissia. UNI-PHARMA S.A. received the “Professional Solutions in Healthcare Award” after a successful nomination for a Laureate Diploma by the organizers of the most prestigious networking event for the global Pharmaceutical Industry, CPhI. This distinction highlights the undaunted efforts by the historical Greek Pharmaceutical Industry, for externalization and uninterrupted global-scale growth.

183

CREATIVE GREECE 2017 - EXPORT LEADERS

ELVIAL S.A. METAL PRODUCTS

Dimitrios Tzikas President & C.E.O.

Contact details Industrial Park Of Ag. Panteleimonas, 61100 Kilkis Tel.: +30 23410 39500 Fax: +30 23410 64173 E-mail: info@elvial.gr Website; www.elvial.gr

184

‘Love for aluminium Persistence and Commitment to the goal Insight of the Future Market. ‘

Based on those 3 principles, in the year 1990, Mr. Dimitrios and Mrs. Maria Tzika established ELVIAL SA. A flexible aluminium extrusion industry focused on providing custom made solutions in aluminium profiles. 1997: the Research and Development Department is being created in order to design and develop advanced architectural systems. 2003: is the beggining of a new era for ELVIAL SA. A long-term investment plan is initiated, of over 50 mill. Euros, which involves the relocation of ELVIAL in new facilities with cutting-edge mechanical equipment and the application –for the first time globally- of intelligent robotic systems in managing and handling of aluminum profiles. The objective of this investment plan was the improvement of company’s competitiveness in global ranking and the increase of flexibility in delivering a large number of small sized orders. ELVIAL evolves from an intermediate and geographically limited enterprise, in a modern, technologically advanced, vertically integrated, client oriented and without borders company. ELVIAL today, in a privately-owned space of 180 acres, in the Industrial Park of St. Panteleimon Kilkis, it allocates more than 35.000m2 of buildings and has annual capacity of 14.000TN aluminium profiles, which from 2015 has been covered completely. In 2016, ELVIAL begins a new investment plan – once again in Greece – aiming to increase its production capacity at 20.000 TN annually, the implementation of new logistics robotic technologies and the doubling of the production capacity of the Machining Business. PERSISTENCE ON INNOVATION The continuous upgrade of the range of offered products constitutes permanent pursuit and purpose for ELVIAL. The specific difference however, is that ELVIAL offers modern solutions and benefits to its direct partners and to the final consumers, with products which are supported exceptionally throughout the whole supply chain: production - technical support - final application - end use. In 2004, ELVIAL is the first company that launches in the market the Advanced Architectural Systems ELVIAL MULTILOCK, which offer to the final consumer all the benefits of aluminium but with enhanced burglar resistance, having up to 21 perimeter locking points, safety glazing bead and burglar resistance even in the tilt & turn position. ELVIAL received International Patent in 27 countries for the ELVIAL MULTILOCK Systems,. In 2015 ELVIAL launches the ELVIAL XCLUSIVE systems, which correspond to high standard needs for the highest Energy Performance and combined with their elegant design render them ideal for Architects, Engineers as well as for the final consumers who wish to live in a high quality environment. I2: INNOVATIVE INSULATION TECHNOLOGY ELVIAL I2 Technology derived after a thorough and continuing research, referring to the application of an insulating material, thoroughly designed for ELVIAL, with very low thermal conductivity λ=0,023W/mK, which covers completely the intermediate chamber of profiles. ELVIAL I2 Technology provides total cover of the thermal brake chamber, having the optimum destiny that ensures excellent isothermal flow of the Aluminium System which may improved up to 38%. PERSISTENCE ON QUALITY ELVIAL ‘s suppliers are selected with the strictest standards. In this context, ELVIAL concludes long term cooperations with world wide companies, developing together new materials which improve the product features. A Total Quality System (TQM) is applied in all production process, including quality control laboratories at each stage of the production, providing, also all the necessary Production Quality Certifications. INTERNATIONAL ORIENTATION In an exceptionally unfavorable environment, ELVIAL achieved to increase its market share in the Greek Territory, to 18% in the year 2015 from 8,1% in 2008. Simultaneously, ELVIAL has developed even more its extrovert profile and penetrated the demanding Central and West Europe markets mainly in the sector of high end industrial custom made products. Currently, ELVIAL exports to 24 countries which constitutes over the 65% of its sales, while it is anticipated that in the next 3 years, ELVIAL’s exports will exceed 80% of its total turnover.

CREATIVE GREECE 2017 - EXPORT LEADERS

BEVERAGES Industrial

CHITOS SA - ZAGORI, NATURAL MINERAL WATER

ZAGORI, the Greek “ambassador” that travels in 25 countries around the world

Nikos Chitos, President

CHITOS SΑ, the Greek bottling company of ZAGORI Natural Mineral Water, is ranked amongst the healthiest and most dynamically growing industries throughout the country. With a presence of 30 years in the Greek market, it has reached a leading position in the bottled water industry, meeting all consumers’ needs and creating a strong relationship with them. In spite of Greece’s current economic crisis, CHITOS SA continues steadily to invest on a zero borrowing basis, increasing manpower, contributing substantially to the national economy. Although the sector of bottled water in Greece during the last years is dwindling, mainly due to the recessionary circumstances of both market and the country, CHITOS SA has managed to cope with the crisis as an opportunity by recording an increase in sales and profits. CHITOS SA is constantly pursuing a long-term investment strategy with modern infrastructure, so as to increase its production rates and immunize the quality of the products. Today, the company owns two springs of natural mineral water and two bottling plants in the wider area of Zagori, Perivleptos and Kranoula. Recently, the company completed a 4-million-euro investment plan for the creation of a third plant in the Ioannina Industrial Zone, which vertically and supportively enhances the operation of the two bottling plants. CHITOS SA applies the most innovative bottling technology systems, a full range of products and packaging, so as to be closer and closer to the daily needs of its consumers. By following a strong export orientation, CHITOS SA, has achieved to turn ZAGORI Natural Mineral Water into one of the best ”ambassadors” of Greece abroad. ZAGORI Natural Mineral Water is sold in more than 24 countries around the world (USA, Canada, Australia, Russia, E.U., Balkans, South Africa, China, etc.). The label “ZAGORI Natural Mineral Water” has been translated into 10 foreign languages, while the product is bottled in packaging that meets the requirements of each foreign market and consumer needs per each country. The objective of CHITOS SA is to manage, even when obstacles occur, to create new models of growth and prospects for the country, correlating the “ZAGORI”, with progress and development.

Contact details 12th km Ioaninnon-Konitsa Rd, 45500 Ioannina, Greece Τel.: +30 2651061843, 2651085033-4 FAX: +30 2651037074 E-mail: info@zagoriwater.gr Website: www.zagoriwater.gr

185

CREATIVE GREECE 2017 - EXPORT LEADERS

Megara Resins SA

Transforming our vision into innovation Chemical Products Industrial

Contact details 38th km Neoak, 19100, Megara, P.O. Box: 29 Tel.: +30 22960 83311 Fax: +30 22960 83335 E-mail: info@megararesins.com Website: www.megararesins.com

186

Megara Resins S.A. is a diversified manufacturer and supplier of raw materials for industrial and architectural coatings as well as rosin based and other synthetic resins for the paint, adhesive, paper and construction industry. The company was established in 1961 and for over 40 years, it has been a pioneer in creating innovative technologies to help coatings formulators meet their customersâ&#x20AC;&#x2122; most demanding applications. Today, Megara Resins remains firmly committed to the pillars of innovation and new technologies and is widely regarded as being the most innovative Greek supplier to the coatings industry through its continued investment in R&D, technical support and new product development. Megara Resins offers its customers advanced and diverse products and technologies for surfaces with an emphasis on environmentally friendly products such as powder coating resins, rosin dispersions, alkyd resins, water-based acrylic dispersions, and unsaturated polyester resins. The group is committed to working with its customers to continuously developing environmentally advanced solutions and is dedicated to open communication concerning the safe

CREATIVE GREECE 2017 - EXPORT LEADERS

handling, distribution, use and disposal of the products it makes. Being equipped with highly modern manufacturing facilities, it is capable of producing a wide range of solvent-based resins and water-based emulsions, polyester resins and other synthetic resins such as rosin dispersions, alkyd resins, acrylic resins etc. used in the manufacturing of paints and coatings. Megara Resins holds a strong manufacturing base operating in three sites situated in Megara (HQ), in the west Peloponnese and in Vathi Avlidos near Chalkida. “AKFA”, the latter, is the result of a strategic joint venture with a Turkish partner “Ak-Tas Dis Ticaret AS”, where in addition to its production units, at the plant site there is a modern logistics complex comprising a docking facility and a tank farm for the storage of liquid chemicals, the capacity of it is 15.000m3. Storage of liquid chemicals takes place in special tanks that provide all the necessary requirements regarding safety and environmental matters. We continue our strategic global expansion and business development in developed & emerging markets. In 2015, Megara Resins Group reported sales of €51.0 million as a result of organic growth and intense export activity with key presence in more than 53 countries, representing over 80% of its turnover. We aimed to gaining a substantial premium on our cost of capital investing in innovation, as it is the enabler for continued growth. In this direction, profits exceeded €3.1 million and EBITDA €5.2 million, in combination with reduced short and long term loan obligations. Innovations based on effective and efficient research and development, are an important growth factor for Megara Resins. A highly proficient team of senior scientists is dedicated to research in the field of binders for architectural coatings, construction, and paper sizing and to providing our customers with the most innovative, highest quality value-added products and services possible. The company’s research activities are supplemented by an international network of collaborations with leading universities, scientific research institutes and partner companies. The company participates successfully in several EU funded research projects through which targets the development of new products via strategically beneficial collaborations that require skills and competences matching the company’s industrial interests and development needs. Participation in R&D projects has enormous benefits in terms of contacts, opportunities, identifying new and emerging markets for its products, and thus being at the cutting-edge of innovation. This is how we ensure long term business success with chemistry-based solutions for almost all sectors of industry. It is evident from the above that the company, having entered the era of enlargement and development is growing rapidly. Using the latest years’ successful achievements as a stable starting point, the company moves towards an extensive program of complete automation and modernization. However, we operate in compliance with the law and adhere to high ethical standards. We create safe and health-conscious work environments, require compliance and embrace environmental stewardship. Our Mission, is to grow a portfolio of leading specialty chemical businesses, and generate added value for our customers and the company. We create sustainable value for our partners by delivering innovative products and solutions. We realize this mission by setting the highest standards in service, reliability, safety and cost containment in our industry. We deliver superior returns to our shareholders by tirelessly pursuing new growth opportunities while continually improving our profitability, a socially responsible, ethical company that is watched and emulated as a model of success. We are committed to maintaining excellence, respect, and integrity in all aspects of our operations and our professional and business conduct. We strive to reflect the highest ethical standards in our relationships with members, providers, and shareholders. Our Vision, is to be a recognized performance leader of the chemical industry. Being a performance leader means we will achieve operational excellence, industry-leading customer satisfaction and superior financial performance.

187

CREATIVE GREECE 2017 - EXPORT LEADERS

Pharmaceuticals Commercial

Michael Panou, President & CEO

MP PHARMA SA

“Adaptability and market knowledge, recipe for success” Contact Details Industrial Park of Thermi, 570 01, Thessaloniki, Greece Tel: +30 2310 460360 Fax: +30 2310 483441 Website: http://mp-pharma.gr/

188

M.P. PHARMA S.A. is one of the fastest developing companies in sales and storing medicines, medical products, medical equipment and pharmaceutical products. The company is certified by the Greek Pharmaceutical Organization, while it also possesses certification of ISO 9001:2008. The company has been founded on 16th of December of 2005 with the original brand name: ”EMEA PHARMA –Pharmaceutical Store, Marketing, Representation, Import – Export, Medicines Distribution, Cosmetics and Para-pharmaceutics Public Limited Company”. In 2011 Mr. Michael Panou, who until today is the major shareholder, purchased the company. By the decision of exceptional General Assembly of the shareholders on the 30th of June of 2011 the brand name was amended in “MEDICINES WAREHOUSE MICHAIL D. PANOU S.A.” with the distinctive title “M.P. PHARMA S.A.”.

CREATIVE GREECE 2017 - EXPORT LEADERS

The company’s mission is the development of services and sales related to pharmaceutical and medical products in Greece and abroad. In addition, it aims to represent foreign companies and launch their products in Greece with consistency and reliability. The company’s vision is to be one of the top companies that offer integrated solutions in Greece and the Balkans. The company’s basic business goals are its development and its establishment as the leader of the pharmaceutical market, its continuous technological progress in order to achieve the optimum result and the creation of innovating functions, the improvement of the quality of the managing and the logistics section, as well as the increase of the profit in conjunction with the simultaneous cost reduction through the increase of profitability. Some of the company’s basic principals are its clients’ satisfaction, the valuation of the teamwork as a means for the achievement of its goals, the creation of an environment of trust and mutual respect and continuous pursuit for higher results. So what should we bear in mind through these challenging times? “We cannot change the weather… we can only adjust our sails”

189

CREATIVE GREECE 2017 - EXPORT LEADERS

Cosmetics Industrial

SEPTONA SA

Keeping on a growing path

Thomas Evangeliou

Contact details Inofita Viotia, 32011 PO BOX 95 Greece Tel: +30 2262 0 31544 Fax: +30 2262 0 31984 Email: exports@septona.gr Website: http://www.septona.gr/

190

SEPTONA was founded in 1975, but eight years later, in 1983, 50% of the company was bought by the Evangeliou family, which then proceeded with a full acquisition of the firm in 1990. Until that time, SEPTONA made limited sales as a small company housed in a 200-sqm building, where production was restricted to cotton buds. But the firm rapidly expanded to other personal care products, such as cotton buds, cotton pads, pharmaceutical cotton wool, cotton balls, baby wipes, cosmetic wipes, refreshing wipes, incontinence products, feminine hygiene products, strips, baby shampoo & bath and baby moisturizing & nappy rash cream. SEPTONA, with President and CEO Thomas Evangeliou at the helm, now has 3 state-of-the-art factories in the Inofyta industrial area, north of Athens, and another one in Bulgaria, with vertical integrated production for the entire range of cotton products. It employs a staff of more than 320 and has enjoyed steadily increasing sales since 1990. Today, the company is one of the leading manufacturers that operate in the global market of personal care products, with an export activity to more some 70 countries in all five continents, through four logistics centers in Europe. Exports account for 75% of total sales, 40% of which is generated in highly competitive European markets such as UK, France and Germany. In addition, the firm also exports to less-developed countries such as Mongolia, Curaçao, Chile, Zimbabwe, Suriname and Uruguay. A large proportion of the firm’s exports concern deals with top international retailers. SEPTONA exports branded products in 43 countries, while the company holds a strong position in the Greek market. SEPTONA has been ranked as one of the top 10 European export companies, as well as one of the best 100 European businesses. It was awarded the “Ruban d’Honneur” title at the 2013/14 European Business Awards. This pan-European competition is particularly important as it rewards entrepreneurial excellence and exceptional financial performance. The company was also included in the list with the “Diamonds of the Greek Economy 2014” by Stat Bank. SEPTONA was also awarded the “IASON 2014: Premier Greek Exports Award” as 2014 Exporter of the Year. In addition, it received the Second Famous Exports Brand award for the past two years. During the past 5 years, more than 23 million euros were invested in modern production processes, to ensure the highest quality standards and product differentiation. The firm holds quality certifications by international auditing organizations such as: TUV, SGS, BVQUI, BRC, ECOCERT, GOTS, HAACP and IFS-HPC. SEPTONA is one of the few manufacturers in Europe to be internationally certified for the production of organic cotton products. In addition, as a proof of commitment to society, SEPTONA is certified for the manufacturing of Fairtrade products. SEPTONA is a member of Sedex, in order to share information and improve ethical standards within the supply chain. Every year is successfully audited according to ETI SMETA code and BSCI code of conduct for employees and suppliers. The firm in 2015 reported higher results with rises in both sales and earnings. It posted sales of 40.98 million euros compared to 38.43 million euros a year earlier. Pre-tax income more than doubled at 2.84 million euros against 1.32 million euros in 2014.

CREATIVE GREECE 2017 - EXPORT LEADERS

FOOD PRODUCTS Industrial

PALIRRIA S.A.

The world’s No. 1 dolma producer

Sotiris Seimanidis, Vice-President

Contact details 2nd km Psahna – Politika Country Road, 34400 Politika, Evia, Greece Tel.: +30 22280 24735 Fax: +30 22280 24113 E-mail: info@palirria.com Website: www.palirria.com

Palirria was founded in 1957 on the island of Evia, Greece as a privately-owned business by entrepreneur Antonis Souliotis. Its primary purpose was the production and distribution of traditional ready-to-eat meals for Greek and International markets. Palirria remained a personal business until 1982, when it acquired a corporate form with the participation of Antonis Souliotis sons, Konstantinos and Vasilios. This corporate structure gave Palirria a potential that resulted in a leading position in the Greek market. In 1989 the company began to invest in modern and technologically advanced facilities and new offices. The project was completed in 1992 with the reallocation of its operations. Today, Palirria owns 3 manufacturing units, of a total floor space of over 30,000 sqm, and employs highly qualified staff of about 1,400 people. The firm’s annual production capacity amounts to 17,500 tons. Additionally, the company cultivates its privately-owned vineyards, having the total control of the production of vine leaves, which is the basic ingredient of Palirria’s best selling product: dolma. Palirria’s product range comprises 40 different codes that are based on traditional Greek and Mediterranean cuisine, with the basic product being dolmas (stuffed vine leaves). More specifically, Palirria is the No. 1 dolma producer in the world, with a production capacity of more than 1.4 million dolmas per day. The most impressive fact about dolmas is that this product is handmade. Tender vine leaves are stuffed one by one by hand with ingredients of excellent quality. Awards like the Great Taste (UK) and the Superior Taste Award (by the International Taste and Quality Institute-Brussels), that Palirria gets the last 4 years in the raw, justify the popularity of Palirria’s dolmas & their unique quality. Palirria’s product portfolio includes many other traditional Greek meals in various packages, such as cans, jars, plates or innovative plastic bowls, and a large variety of delicious frozen meals which are the best choices of Greek & Mediterranean cuisine under the brand name My Greek Meal and Today’s Special. Throughout the years Palirria enhanced its global presence and currently its products can be found in more than 40 countries around the world, including the USA, Canada, most European countries, Middle East and Australia. The firm is also trusted by some of the largest retail chains worldwide to produce private label products. Always being committed to quality, Palirria was one of the first Greek companies to implement ISO9001 (Quality Management Standard) in 1995, and to strictly adhere to HACCP in terms of safety during production in 1998. By investing in the most recent and modern production equipment, Palirria’s facilities are amongst the newest in Europe. Additionally, the factory’s equipment is continuously upgraded and the personnel is constantly trained. Its contemporary quality assurance systems, highly qualified workforce, the careful selection of raw materials and thorough inspection at every stage of production process, guarantee products of the highest quality. Palirria keeps on dynamically focusing on innovation and customer satisfaction, retaining firm on its vision; to be the world’s ambassador of Mediterranean and Greek Cuisine. In that scope, Palirria expands its portfolio by developing new product lines and customized products, constantly upgrading the visual identity and packaging of classic products in order to satisfy consumers’ diverse needs whichever is the target market.

191

CREATIVE GREECE 2017 - EXPORT LEADERS

Chemical Products Industrial

ALCHIMICA SA

Worldwide presence

Chris Krimizis Tsatsoulis

Contact Details 13 Oryzomylon St, 122 44, Egaleo, Athens Tel.: +30 210 5443971 Fax: +30 210 5619287 E-mail: alchimica@alchimica.com Website: www.alchimica.gr

192

ALCHIMICA SA is a dynamic company specializing in the development and production of chemicals for the building industry as well as other industries. For over 30 years, ALCHIMICA has successfully provided products and services to architects, engineers, home builders, contractors and building owners worldwide. Its one and two-part polyurethane systems have a proven track record of high performance in numerous prestigious construction works around the world. ALCHIMICA is a company with a strong tradition in innovation, investing heavily in research and development and constantly striving for new levels of excellence. This enables it to continuously introduce new technologies to the global market and, as a result, open up new opportunities, not only for the company, but also for its partners and distributors. Slowly but with determination over three decades, Alchimica succeeded in establishing a worldwide reputation strongly linked with quality, innovation, technical leadership and moral values. Alchimica’s product portfolio is vast and continuously increasing, in line with the industry’s needs. All Alchimica products are based on proprietary technology and knowledge offering the company a great advantage as far as flexibility and economics are concerned. Company products are applied to a range of projects from drinking water reservoirs, huge water desalinization plants, bridges, irrigation channels, hydroelectric plants, airports, and train tunnels to simple home roofing. Alchimica’s best-selling export item, “Hyperdesmo”, has become a staple for projects in the industry worldwide. The company’s R&D department is strong and includes ten chemists and chemical engineers, including three PhDs. The R & D department has high standard well equipped labs and pilot reactors, enabling continuous new product development. The company’s state-of-the-art production and logistic facilities, its well located plants, and strong distribution network all combine to substantially increase its level of competiveness. In 2015, the firm’s total turnover increased by 19.05% to reach 31.36 million euros from 26.34 million euros in 2014.

www.newtimes.gr 193

CREATIVE GREECE 2017 - EXPORT LEADERS

YANNIDIS GROUP Constantine Yannidis, President

Celebrating 85 years Protecting and Decorating Buildings Yannidis Group consists of four companies today, VITEX in architectural paints production and sales, Hermes in waterproofing materials and chemicals, VitexTherm in external thermal insulation composite systems (ETICS) and Eumaria in yacht paints. The group activities started back in 1932 in Piraeus-Athens (Greece).

Contact Details P.O Box 139, Imeros Topos, GR 19300 Aspropyrgos Tel. : +30 210 5589500 Fax : +30 210 4835007 E-mail: info@vitex.gr Website: www.vitex.gr

In 1960 the company expanded its business to the production of paints and varnishes. VITEX brand was born! It was the company’s first product in this industry. The company then was named ERMICHROM and VITEX was at the time a pioneering plastic paint color. Today the group has operations in different parts of Greece and the neighboring Balkan States of Serbia, Bulgaria and Romania. The Group consists of 215 employees in sales, production, exports, marketing, quality control, product safety and research. It is one of the biggest of its kind in Greece and has been the recipient of a significant number of prestigious awards. VITEX is the largest Greek manufacturing company concerning decorative paints in terms of sales and production. Headquarters of the group are located in the latest industrial site of Aspropyrgos (finalized in 2008), near Athens. The production sites and buildings of the group

194

CREATIVE GREECE 2017 - EXPORT LEADERS

are company owned sites, a sign of the high capitalisation of the group. The facilities host two individual production units, a logistics center, new R&D lab and group’s headquarters. On this production site, we have set high standards in terms of productivity, technology, health safety and environmental performance. During the past decade a substantial investment in modernizing the production included the establishment of a state-of-the-art color production plant for VITEX paints. This made the group strong and flexible to face off the challenges presented by a continuously changing business environment. Believing in the potential of penetrating more markets, the group has drawn up an action plan for the expansion of the company in several countries, in an effort to make their Greek trade mark internationally known. Our brand “VITEX” is very well known in the professional and DIY markets. After focusing in the expansion to neighbor countries like Serbia, Bulgaria and Romania, the group is now aiming to use the positive experience gained and the available production capacity to expand to other countries, although we are already exporting to Albania, Georgia, Russia, Cyprus, India, and recently to the Czech Republic, Canada, Belgium and other countries. VITEX has also launched its Colorfull system, installed throughout its partner’s network aiming to answer all customer needs regarding colors and shades, for immediate delivery, through a computer-assisted procedure and with the use of specialized equipment. VITEX fulfils the commitment and adopts high occupational standards in health and safety processes according to the triple standard of Quality, Environment and Health & Safety (ISO 9001/14001/18001). Targeting the development and application of efficient Management Systems in a combined form and a common manual VITEX expands the ISO 9001:2008 (Quality) and ISO 14001:2004 (Environmental) to OHSAS 18001:2007 (Health & Safety). Also, all products and production are fully harmonized with the corresponding European Legislation.

195

CREATIVE GREECE 2017 - EXPORT LEADERS

Beverages Industrial

LOUX MARLAFEKAS SA

On a path of steady growth

Ioannis Marlafekas, President & CEO

Contact details 88 Agiou Stefanou St., Saravali, 265 00 Patra, Achaia, Greece Τel.: +30 2610 529680-1 Fax: +30 2610 529682 Email: info@loux.gr Website: https://www.loux.gr/

196

Loux - Marlafekas is the largest Greek-owned soft drinks and juices company in Greece. With four brands and a wide range of soft drinks and juices, Loux holds firmly the 2nd place in market share among multinational companies in the sector. Today, Loux operates three company-owned, state-of-the-art facilities in the Peloponnese, a production, bottling and distribution facility for its products, while a new logistics centre in Attica was added in 2008. The new investment was part of a large facilities upgrade investment plan, of over 20 million euro since 2007, designed to enable Loux to keep up with growing demand and proceed with the production of new, innovative products. Loux currently employs a staff of 130, including outsourced workers, all over Greece. This is complemented by a nationwide distribution network comprising of 450 representatives, which enable Loux’s products reach over 40,000 points of sale. The company contributes in job creation on local and national levels, having increased its workforce by 30% in the past 8 years, in spite of the economic downturn in the Greek market. Loux invests in its workforce and partners, considering its human capital as its most valuable asset and integral part of the company’s development over the years. Loux exports to 22 countries worldwide (Canada, Panama, Australia, Korea, Switzerland, Germany, Italy, Netherlands, Sweden, Belgium, Bulgaria, Romania, Hungary, Czech Republic, Austria, Cyprus, the United Kingdom, Dubai, Qatar and recently, Russia and South Africa), which account for 5% of the company’s total sales. The company aims to augment this percentage soon, as markets in the Nordic countries and the Mid East are expressing interest in Loux products. Despite the challenging conditions in the market, Loux has achieved steady growth, ranking among the most successful Greek companies. In 2015 Loux’s turnover reached 30 million euro, increased by 5.0% compared to 2014 (28.6 million euro), while in 2016 the company’s turnover had an increase of 6,5%. The firm has zero bank borrowing and is self- financing its investments. Furthermore, in 2016 Loux introduced the new and innovative light soft drinks loux plus’ n light. Loux plus ‘n light are the first light refreshments with only natural sweeteners (fruit sugars, fructose and herbal sweeteners), without any added sugar and 60 % less calories. Loux has received multiple distinctions and awards over the last decade. Among the most important highlights was in 2014 when Loux was named as the “Supporter of the Greek Presidency of the EU Council” making Loux the official soft drink of the Greek Presidency, and in March 2016 with the announcement of Loux as “Public National Champion” in the European Business Awards 2015-16 among 36 very popular Greek companies, while in the European Business Awards 2016-17 Loux was announced “National Champion”. From the 1950s to date, Loux remains focused on its core values and vision of quality, creativity, drive for innovation and customer respect, while supporting social, sports and cultural initiatives through an extended social responsibility program. The company participates in multiple national and international shows and trade fairs.

CREATIVE GREECE 2017 - EXPORT LEADERS

Drugs – Cosmetics Industrial

APIVITA S.A.

Nikos Koutsianos – Apivita Vice-President & CEO

Niki Koutsiana – Apivita BoD Chairwoman

Contact details Markopoulo Industrial Park, 190 03 Markopoulo, Mesogeia, Attica, Greece Tel.: +30 210 2856.350 Fax: +30 210 2843.580 Email: pr@apivita.com Website: http://www.apivita.com

The Greek natural cosmetics favored around the world “It all started in a pharmacy” is the sentence that summarizes the establishment of Apivita, the Greek company that creates natural, effective and holistic products with the objective to promote health and beauty. Apivita’s history is tightly linked to Nikos and Niki Koutsiana. Both pharmacists, they first met in a drug store in Athens in 1972 and realized they shared a passion for nature. It was in this pharmacy that they later created the first natural cosmetics using honeybee products and Greek herbs. Nikos Koutsianas is the firm’s Vice-president and CEO, while Niki koytsiana is President of the Board of Directors. Apivita was established in 1979 as Greece’s first natural cosmetics company, inspired by the bee society and products, as well as the rich Greek flora and Hippocrates’ holistic approach to health. The name Apivita, meaning ‘life of bee,’ is derived from the Latin word apis (bee) and vita (life), while the firm’s logo was inspired by the Malia bees, a rare Minoan jewel of the 18th-17th century BC. However, the firm’s name is more than just a distinctive title. It reflects Apivita’s identity and philosophy for an organized, productive and sustainable growth, based on the bee society model. Today, Apivita products are sold in thousands of drug stores in Greece, while the company has a physical presence in 14 countries around the world, including Spain, Cyprus, Belgium, Luxembourg, Netherlands, Romania, Ukraine, Japan, Hong Kong, etc. For 2016, the company has set a high priority to further expand into the markets of Spain, Japan and Hong Kong. Currently, exports account for 35% of the firm’s sales of approximately 33 million euros (2015), and according to Mr. Koutsianas, the goal is to double its exports to 70% of sales in the next two years. In 2013, the company opened a unique five-storey shop in Greece, “The Apivita Experience Store” in the upscale Athenian neighborhood of Kolonaki, inspired by - what else? – the honey bee society and Greek nature. In 2014, the firm celebrated its 35th anniversary, marked by the launching of its subsidiary Apivita Japan. A year earlier, the firm had relocated to a new ‘hive’, its modern bioclimatic facilities in Markopoulo, Attica. This new bioclimatic building is fully harmonized with Apivita’s philosophy and values, and an exemplar symbol of sustainability, innovation and pioneer association between working and natural environment. Apivita cosmetics combine active ingredients of natural origin, extracts from plants of the Greek flora, bee products of high biological value and organic essential oils. Product recipes contain natural ingredients by 85% to 100%. Ingredients used are at the cutting-edge of green cosmetics, completely free of substances harmful to human health or the environment, such as silicones, parabens, mineral oil, propylene glycol, polycyclic musks, nitro-musks, phthalates, etc. The cosmetics company in 2015 reported a drop in earnings and a rise in pre-tax income. Total earnings dropped to 28.76 million euros, against 30.94 million euros a year earlier, while pre-tax income rose to 295,000 euros compared to 58,000 euros in 2014. A deal has been signed on the transfer of the majority of shares in Apivita to Spain’s PUIG, a company operating in fashion, perfumes and cosmetics. The agreement is estimated to be finalized in early May 2017.

197

CREATIVE GREECE 2017 - EXPORT LEADERS

GREEK WINE CELLARS S.A. THE NO. 1 GREEK WINE PRODUCTION COMPANY

Exporting to more than 30 countries all over the world

Vasilis Kourtakis – President and CEO

Contact details 20 Anapafseos St., 19003 MARKOPOULO, Attica, GREECE Contact phones: Tel.: +30 22990 – 22231 Fax: +30 22990 – 23301 Email: kourt@otenet.gr Website: http://www.greek-wine-cellars. com

198

“Greek Wine Cellars - D. Kourtakis S.A.” was established in 1895 by Vassilis Kourtakis (1865 1946), the first Greek oenologist in contemporary Greece with degree in oenology. In the late 1960’s, Vassilis Kourtakis, the third generation of the Kourtakis family and today’s Chairman and Managing Director of “Greek Wine Cellars – D. Kourtakis S.A.”, took over the company’s reins. His entry into the company was accompanied by fresh ideas, youthful drive, and plans to conquer new markets outside Greece. In the mid-1980’s Vassilis Kourtakis created a state-of-the-art winery in Ritsona, Viotia. The company adopted cutting-edge winemaking methods and engaged in the production of a new range of non-resinated wines. In 1985, the company launched its Apelia range. In 1992, due to rapid pace of growth of the export, occurred the need to expand its wine portfolio, thus it led the company to collaboration with Calliga winery. “Greek Wine Cellars” would take over both the production and sales of the Calliga products in Greece and abroad, thus adding a premium quality range of wines to its own portfolio. The thrive of exports expanded over 32 countries around the world. In 2000 exports accounted for nearly half of the company’s annual turnover. Rapidly the “Greek Wine Cellars” expanded; through strategic and carefully planned collaborations. ● In 2004, the company bought 50% of the share capital of “Oenoforos S.A.”, consequently selling the “boutique” wines of the noted and respected winemaker, Angelos Rouvalis. ● In late 2009 “Greek Wine Cellars” began a co-operation with the group “Grands Chais de France” to distribute the GCF products in Greece. Subsequently, “Greek Wine Cellars” added to its product range a renowned selection of imported wines, that were previously entirely absent, thereby complementing the company’s own portfolio of Greek wines. ● In 2010, “Greek Wine Cellars” became the sole distributor of the Babatzim products in both Greece and abroad. Anestis Babatzimopoulos is a gifted winemaker and distiller who on his estate at Ossa, near Thessaloniki, produces the famous ouzo and tsipouro that have rightfully earned him the title of “master of distillation”. ● Through this latest commercial partnership the wine choices of this noted vineyard in Macedonia have been added to the “Greek Wine Cellars’” wine portfolio. Also the company has entered the spirits business, selling and distributing the premium Greek distillations of ouzo and tsipouro from Babatzim. The latest successful deal was concluded in March 2016. “Greek Wine Cellars” became the sole distributor of UNION OF VINICULTURAL COOPERATIVES OF SAMOS (EOSS)’s products. The production of Samos’ wines, crops a wine that is unique in taste and quality. The selection of sweet and dry wines contains all flavor peculiarities due to their cultivation at altitude terraces of Samos’ island. Thus, the outcome of this collaboration makes “Greek Wine Cellars” the greatest ambassador of Greek wines in the world market.

CREATIVE GREECE 2017 - EXPORT LEADERS

RONTIS HELLAS SA

30 Years of designing and delivering the most innovative specialty products in all fields we are active in

Mrs. Efthalia Soultou, President and CEO

Contact Details 38 Sorou St., 151 25 Maroussi, Attica, Greece Tel.: +30 210 6109090 FAX: +30 210 6108748 E-mail: infohellas@rontis.com Website: www.rontis.gr

Rontis Hellas SA, the Greek subsidiary of the multinational specialty healthcare corporation, was established in Greece in 1986 by a group of leading professionals with a lengthy experience in the wider healthcare sector and a vision to provide the most innovative & trustworthy solutions to the market, aiming to become an international leader in the global healthcare industry. Currently, Rontis Hellas is active across five business divisions: ●M edical Devices Division, whose core pillars include the complete medical device inception, R&D, manufacturing and distribution processes. ● P harmaceutical Division, which aside the contract manufacturing capabilities, includes the state-ofthe-art R&D lab as well as out-licensing activities. ● I nfant & Baby Nutrition Division, which captures a 17-year long expertise in the specific field and produces some of the most innovative solutions in the Infant Nutrition field. ● C onsumer Healthcare Division, which promotes Rontis’ OTC products in the Infant and Adult Dermaceutical, Oral care, Pain Relief, and Upper Respiratory system fields. ●H ealthcare Services Division, which includes Haemodialysis services provided in the Group’s clinics. Rontis Corporation is proudly represented directly or through affiliated companies in 58 countries with the most recent one being the USA, where Rontis just obtained FDA clearance for an innovative medical device in the interventional radiology field, which presents a unique combination of key characteristics! Rontis organization is committed to expanding its pipeline actively – for this reason we are investing on average more than 6.5% of our annual turnover over the last four years towards research and development activities. At country level, Rontis Hellas is one of the most active and reliable players in the Greek Healthcare industry by investing heavily in infrastructure as the company operates two manufacturing plants, two R&D centers and one HD Clinic. Over the years, Rontis Hellas has reached a leadership position amongst the suppliers of the Greek public and private healthcare sector. Rontis’ brand name is particularly familiar to the Greek Medical community for its credible supply and leadership position in the field of orthopaedics, bloodlines and blood transfusion. Rontis Hellas has built strong expertise and is being recognized for the distribution of orthopaedic implants (including trauma, arthroplasty & sports medicine), general surgery disposables as well as capital equipment that captures the latest technology available internationally. Over the years we have built a strong track record of supplying quality bloodline products, that are manufactured and sterilized inhouse and distributed to the majority of the Greek haemodialysis clinics. Last but not least, Rontis is one of the primary players in Greece in the field of providing blood processing technology to blood banks, hospitals and therapeutic applications, while most recently we have expanded our presence in the blood bag market segment. At Rontis we are deeply committed to give back to society and vulnerable groups. We are proud to share that in 2016, Rontis Hellas won the GOLD award in the category Corporate Social Responsibility in the Healthcare Business Awards 2016!

199

CREATIVE GREECE 2017 - EXPORT LEADERS

ENGINEERING â&#x20AC;&#x201C; CONSTRUCTION

OLYMPIA ODOS SA

A modern European motorway in Greece Olympia Odos is one of the largest projects of strategic importance for Greece, as a modern European-standards motorway, constructed to connect the Peloponnese with Central Greece and Europe. The project includes the design, construction, maintenance and operation of the Elefsina - Korinthos - Patra motorway, with a total length of 201.5 km. Olympia Odos is a concession project, which is funded partly by the Greek State and the European Union, but mainly by private investments by strong Greek and foreign companies with a long and successful history in constructing high quality and cost-effective infrastructure projects, as well as the provision of high-level operation services. The new, modern and secure motorway will offer an upgraded and safer link with the southwestern part of Greece, and in particular to and from the Patras Port, the archaeological sites and tourist areas, enhancing export activities and rural production. Olympia Odos is the only project constructed while open to traffic along its 120km, and therefore is the most challenging construction project in Greece. The widening of the existing road is implemented either on one or on both sides of the motorway, depending on the case. At the same time, high quality operation services are provided from day one. Patrols, emergency teams and maintenance staff, in cooperation with the Traffic Police, Fire Brigade and private road assistance companies, are on the alert to provide drivers with road assistance in case of emergency, 24 hours a day, 365 days a year, as well as securing the high standard corrective and preventive maintenance of the network.

Contact details Contact details: 4 Rizariou St., Chalandri, 15233, Athens, Greece Tel.: +30 210 6843 041 Fax: +30 210 6843 049/406 E-mail: customercare@olympiaoperation. gr Website: www.olympiaodos.gr

200

The Shareholders of OLYMPIA ODOS S.A. are: Concession Company: OLYMPIA ODOS S.A. VINCI CONCESSIONS S.A. (29,9%) J&P-AVAX S.A. (19.1%) Hochtief PPP Solutions GmbH (17%) AKTOR Concessions S.A. (17%) GEK Terna S.A. (17%) Operator: OLYMPIA ODOS OPERATION S.A. Constructor: APION KLEOS CONSTRUCTION JOINT VENTURE

CREATIVE GREECE 2017 - EXPORT LEADERS

METAL PRODUCTS Industrial

ASTIR VITOGIANNIS BROS SA

Astir: Paving our road to success, we leave no elements to chance

Stelios Vitogiannis, Vice-President , Chief executive officet Astir Vitogiannis Bros S.A.

Contact details Position Draseza, Ind. Park of Avlona, P.C. 19011, Attiki, Greece Tel: +30 22950 29371 Fax: +30 22950 29373 www.vitogiannis.gr/

Continuing the legacy of its founders 60 years ago, the third generation of the Vitogiannis family now in charge of the business, is very proud to have steered the company to its current status, exporting billions of crowns to practically every famous bottler of soft drinks and beer in the world. Our positive perspective for the future, and our relentless effort for continuous organic growth and uninterrupted footprint of Astir in the global markets, together with effective and efficient management practices, helped us maintain a very reputable worldwide presence, and a measurable contribution to the GREEK economy. Our numbers speak by themselves: 90% of our production is exported, and capitalizing on our well planned and threaded distribution network we supply to thousands customers to over 40 countries, in all continents. Similarly, we totally support the Greek bottling sector with the most positive way, providing the highest quality crown caps, with the shortest lead times, at competitive market prices at all times, enforcing the development and expansion of local established bottling companies. Sales are growing in double figures for the last 7 years consecutively, and we have to show outstanding results in regards to our financial indexes and profitability, securing our sustainability and presence for the future. In order to sustain such global presence and financial health, we continue to invest in advanced technological equipment, and we make sure that the ground rules and corporate principles pertaining to quality standards and customer satisfaction are never abandoned or compromised. This goes together with our sincere sensitivity towards environmental protection, carbon footprint and corporate ethical social responsibility. During the past year and in 2015 alone, we invested from own capital over 3 million euros to complete the installation of two new state-of-the art fully automated production lines in our main manufacturing facility in Greece, increasing our capacity by 30% and at the same time a similar effort is exercised in our plants in Canada and North Africa. Success does not come easy. All corporate stakeholders contribute to this effect, led by our expert highly skilled, hardworking and loyal staff, in all tiers of involvement, production, quality assurance, and administration alike. We are proud to have zero personnel mobility for many years to remember and equally important we strive to apply an operations system, which honors all international rules, ethical standards and proper business conduct. We work hard, with perseverance, strict quality standards, and total commitment towards serving the needs of our customers no matter what. Astir is therefore justified to be surely recognized and respected as one of the top largest, most accredited and loyal crown cork manufacturer in the world and for many years in a row to be awarded the highest credits for all international compliances, accreditations and supreme quality standards. Astirâ&#x20AC;&#x2122;s headquarters are in the industrial zone north of Athens- Greece, in its extremely modern and efficient manufacturing plant and we operate two more manufacturing facilities in Canada and Egypt. It is our honor to supply most of the worldâ&#x20AC;&#x2122;s largest companies in the bottling industry such as Heineken NV, Coca Cola Company, Carlsberg Group, SAB Miller, PepsiCo Intl, Ab-Inbev, and many others. In 2015, the cap manufacturer reported a jump in sales to 22 million euros compared to 8 million euros a year earlier. Likewise, pre-tax income rose to 5.4 million euros against 1.32 million euros in 2014.

201

CREATIVE GREECE 2017 - EXPORT LEADERS

CHEMICAL PRODUCTS Industrial

VIORYL SA

Exports accounting for 50% of annual sales

Nikitas Ragoussis, managing director of VIORYL SA

VIORYL S.A. is a Greek company established in 1946, mainly engaging in development and production of industrial fragrances, flavours, fine chemicals, as well as plant nutrition and protection products. VIORYL’s premises are located in Afidnes, Attica (headquarters and research laboratories) and Thiva, Boeotia (production and warehouse), covering a total floor space of 12,500 sqm in buildings on a 50,000-sqm plot of land. Thanks to large investments in state-of-the-art technology as well as in qualified personnel, the company is nowadays the leader in the Greek market, supplying clients with innovative, high-quality products. The dynamic evolution in scientific research, combined with the firm’s commitment to quality and collaboration with customers, provide VIORYL with a competitive advantage that has earned the company an excellent reputation worldwide, contributing to its continuous growth. VIORYL’s sales topped 20 million euros in 2015, demonstrating consistent year-over-year growth. R&D spending has reached 10% of annual revenue, with new investments of about 2.0 million euros, including the installation of new production equipment and new warehouse, to be completed in 2016. VIORYL realizes a substantial part of its growth from exports, which in 2015 accounted for about 50% of its total revenue. The company has a presence in Europe, Middle East, Africa, Far East and North America, with further expansion planned. “As VIORYL foresees substantial growth overseas, we aim to further enhance our presence in foreign markets with new products resulting from intensive work in our multidisciplinary research laboratories”. Dr. Nikitas Ragoussis, Managing Director, VIORYL S.A.

Contact details 28th km Athens-Lamia national road, Afidnes 19014, Greece Tel.: +30 22950 45100 Fax: +30 22950 45250 Email: vioryl@vioryl.gr Website – www.vioryl.gr

202

CREATIVE GREECE 2017 - EXPORT LEADERS

FOOD SUPPLEMENTS Commercial

POWER HEALTH

From the Pharmacy of nature...to the Pharmacy of the Greek family!

Mrs. Lily Perganta, President & Managing Director of Power Health

Contact details Δεληγιάννη 59, 144 52 Μεταμόρφωση, Αθήνα Τηλ. 210 2821.500 Fax: 210 2851.122 Website: www.powerhealth.gr

Power Health was established in 1984 as Greece’s first company in the field of health alternatives to promote vitamins, nutritional supplements, herbal medicine and homeopathy, opening new roads, new horizons and new shelves in Greek pharmacies. For three decades, the firm has been bringing the pharmacy of nature to every home’s pharmacy with innovative, high-quality, safe and effective health and beauty products. For 33 years, Power Health has been the first choice of the Greek family for natural health products enjoying full confidence. Since 2003, the company has further invested in their Product Research & Development department, staffed with specialized scientists; the firm is the only Greek company that designs its own alternative health and well-being products. These are all innovative products, 100% Greek compositions, many of which are unique in Europe, but globally, too. Power Health’s belief in its values a nd vision have been rewarded -even during Greece’s current financial crisis- with 22 awards from domestic, European and world institutions from 2011 onwards. The range of Power Health products cover a wide range of properties and needs. The Platinum Range series is a specialized proposal of highly nutritious food supplements, vitamins, minerals, trace elements and unsaturated fatty acids to cover specific needs. The Power Foods series features dynamo-foods, such as mastic, pomegranate, sea buckthorn, etc., which in themselves constitute ‘nutritional miracles’ with unique benefits for the human body: Products for the prevention and treatment of winter symptoms, toners, multivitamins, and a large array of slimming products for both women and men; specialized formulas and natural, homeopathy and phytotherapy products, and oral hygiene products. These products’ ingredients are accompanied by clinical research and studies certifying the highest degree of safety and effectiveness. Equipped with the high quality of its products, as well as its people, know-how and experience, Power Health invested in extroversion to expand its activity in the pharmacies of Cyprus, Romania, Albania and Bulgaria. Efforts to enter the demanding UK market are currently at a good level, with very positive signs coming from the specific market. At the same time, Power Health invests in knowledge through VITAMINS ACADEMY, the first such Academy of Vitamins in Greece. It is another innovation aimed at increasing both consumers and pharmacist awareness; a multidimensional “educational multitool” ‘which through seminars, videos, articles, infographics, health advice, nutrition programs, and mobile applications offer a better quality of life. As part of its CSR, the firm has been supporting for years the work of Non-profit Organizations such as Doctors without Borders, World Pharmacists, the Smile of the Child and UNICEF. Being particularly sensitive to the needs of children in the recent years of Greece’s financial crisis, the company has undertaken to provide food on a daily basis to Special Schools in Perama, Keratsini and Drapetsona. It also contributes financially to the Organization “Together for Children,” as well as to another 10 charitable, non-profit bodies. Power Health also invests in Greece’s future with several scholarships and awards to students who are now setting out on making their professional dreams come true. Power Health is a Greek company, consciously choosing to offer through its course, its products and its social sensitivity. Honesty, consistency, respect and an avant-garde mentality are the values t hat determine the firm’s course through the years.

203

CREATIVE GREECE 2017 - EXPORT LEADERS

BEVERAGES Commercial

ΕZΑ PROTYPOS HELLENIC BREWERY

New Beer, New Quality

Athanasios Syrianos

Contact Details Olympou 3, 151 23, Nea Filothei Amarousiou, Τel.: +30 210 6898 520 Fax: +30 210 6898525 www.eza.gr

204

Brewery εzα protypos hellenic brewery is an ertirely Greek company, which actively contributes to the decentralised development of the economy of Greece. It was established in 1989 as an homonymous subsidiary company of a German group, the beer brand of which was launched in Greece in 1980. In 1988, the German parent company undertook the development of its brand in Greece and a year later it acquired its plant at Atalanti. Right after, the company was reconstructed and renamed as Hellenic Breweries of Atalanti S.A. (ΕΖΑ). In 1998 the Greek businessmen participating in the company began to buy out te shares of the German company and in 2003 the procedure was concluded, leading to the complete localization of ownership. In order to achieve financing of its development strategy εzα protypos hellenic brewery proceeded in 2013 to an increase of its capital stock, with the participation of the strategic investor DAMMA HOLDINGS S.A. (investment firm of D. Daskalopoulos). Having increased its capital, the company’s management commited itself to the implementation of an ambitious, while realistic development strategy, with the essential vision to concentrate Greek brand names in the wider area of beer, soft drinks and bottled water markets, under a common shareholding structure with a distinct presence in Greek and foreign markets. Beer Plant εzα protypos hellenic brewery has a modern beer plant of high capacity and more than 100 skilled employees in Atalanti, Fthiotida. The Atalanti plant, located in the centre of Greece, operates in harmony with the natural environmnet using for the beer production the spring water of Parnassos Mountain that is of excellent quality and composition. It produces high quality malt product using as raw materials chosen varieties of summer Scarlett and Prestige barleys and aromatic hops from Hallertau, Bavaria and Saaz, Bohemia. εzα protypos hellenic brewery successfully applies an integrated system of state-of-the-art production and environmental care processes, meeting the ELOT EN ISO standards. The Brands εzα protypos hellenic brewery produces in its private modern plant four excellent products: the new ζ εζα Premium Pilsener, Pils HELLAS, BLUE Island and BERLIN premium lager. Meanwhile, it has developed international marketing of recognised brands, among which Krombacher and Gulden Draak. With its wide range of products, εzα protypos hellenic brewery offers to consumers a wide variety of high quality beers and thus consolidates a complete strategic advantage, quality and service, aiming to the satisfaction of modern consumer’s needs. Innovation εzα protypos hellenic brewery is pioneer in draught beer for beer halls, luxury restaurants and pubs. The company has been very competititve in this type of packaging, investing to the required equipment that it provides to the retailers with loan. Our company successfully collaborates with more than 2,500 stores (hotels, restaurants, café), with impeccable service and high esteemed products. At the same time, it expands its collaboration with Super Market chains for the introduction of private label products, which are distinguished not only for their quality but also for their taste.

CREATIVE GREECE 2017 - EXPORT LEADERS

BEVERAGES Commercial

GREEN COLA COMPANY

Among the top

Contact details 17km National Road & Kalamatas 2, 14564, Nea Kifisia Tel: +30 2108002980 Email: contact@greencola.gr Website: http://greencolacompany. com

Green Cola Company, based on the long and successful path of EPAP, transforms the experience and innovation into successful products. Equipped furthermore with expertise and appropriate investments in building and technical equipment, EPAP is ranked among the top domestic soft drink bottling plants in terms of quality and capacity. In 2010, following a strategic business restructuring, EPAP launched a new line of beverages under the Sparky label, covering cola, cola with no sugar, orangeade, lemonade, sour cherry, lemon lime, soda water, tonic and cocktail, addressed mainly to the Northern Greek market. In 2012, a cola type product was launched, addressed to those looking for a beverage with minimal calorie content without sacrificing taste; the move was part of a strategic decision to focus on products that contribute to a healthier lifestyle. The well-known Green Cola, with a continuous consumer awareness increase, both in Greece and abroad, has already created its own customer loyalty base. In 2013 along the same strategic philosophy, the new BLE, GR8 (Gr-eight) and Mix & Match mixers were launched. Today, EPAP, having a wide range of products in its portfolio, continues creating new flavors, driven by excellence in quality, which is one of the company’s constant values. The production unit of EPAP extends to a total of 20,000 m2 covering areas for storage, loading and three modern production lines for all beverages: glass bottles 250ml and 330ml, can of 330ml, and PET plastic bottle of 500ml and 1.5lt. In terms of quality and safety assurance, the competent department conducts: (a) Quality control in terms of biological, chemical and physical hazards, through all the necessary measurements of products, in order to ensure the precise bottling procedure according to the specifications of each product; and (b) Microbiological test through examinations carried out at all production stages (from water to the final product). The company is certified by Lloyd’s, with: - ISO 9001:2008 for quality assurance in design, production, marketing and distribution activities of soft drinks. - ISO 22000:2005 for food safety assurance in design, production, marketing and distribution activities of soft drinks. The company’s export activity has increased substantially in recent years, especially to the Balkans and the Middle East, as a result of local businessmen recognizing the attractiveness and the benefits of its products. Israel is the most recent country where Green Cola was successfully launched. This success reinforces the belief that a new high quality product with specific ingredients may compete successfully against domestic and multinational giants. Some of the countries to which Green Cola exports its products are: China, Cyprus, Serbia, Romania, Bulgaria, Belgium, Poland, Holland, Germany and Australia.

205

CREATIVE GREECE 2017 - EXPORT LEADERS

PHARMACEUTICALS Industrial

ADELCO SA

ADELCO – over 80 years of manufacturing

Evangelos Colocotronis CEO of ADELCO SA

Contact Details 37, Pireos Str., 18346 Moschato , Athens, Greece Tel: +30 210 4819311 Fax: +30 210 4816790 E-mail: info@adelco.gr Website: www.adelco.gr

206

In 1934, the brothers Homer and Orestis Colocotronis, establish in Moschato, Athens Chromatourgia Athinon E. Colocotroni Bros, which played an important role in the industrial history of modern Greece. From 1950, the company develops its main activities in the pharmaceutical industry. It obtains the name ADELCO and becomes one of the fastest growing Greek industries, immediately gaining appreciation and recognition throughout the medical community, with very strict quality standards, it effectively ensures until today each formulation created. Simultaneously ADELCO opens another dynamic cycle of activities, expanding into the cosmetic industry. In 1950 Adelco introduces OM-OR shampoo, the first shampoo to be produced and marketed in Greece, and also Adelco toothpaste, the first fluoridated toothpaste offered in Greece. During the 1960’s and 1970’s the growth continuous, Adelco becomes one of the largest Greek pharmaceutical companies by creating with its own resources and vertical production, superior quality and widely recognized pharmaceutical products, and leading Brands like Stedon, Filicine, Minitran, Paroticin and Salopyrine and in cosmetics “OM-OR” and “Adelco”. Furthermore, Adelco establishes collaboration with leading European cosmetic manufacturers like: Parke Davis, Le Petti, Daiitchi, Cosmed, Pharmacia, Pfrimmer, Cox, Revlon, Perlier, for representation of their products in Greece. In 1983 ADELCO - CHROMATOURGIA ATHINON E. COLOCOTRONIS BROS. S.A. continues its activities under the direction of Mr. Evangelos Colocotronis, whose belief is that “ high quality is a fundamental value and the principal commitment for a pharmaceutical company such as Adelco.” The company continues its export effort overseas, developing markets in Europe, Africa, the Middle and Far East and China. In 2000, Adelco focuses on modernisation of facilities, purchase of new production machinery, developing new products and expanding activities internationally. The production of specific pharmaceuticals and cosmetic products currently represents the most important activity of Adelco. The company annually produces 4,000,000 formulations of about 45 pharmaceutical products, original and branded generics in unique combinations, covering a wide therapeutic range eg Adeprenal, Linipon, Ponotex, Algine, Acinic, Topepil, Menago, Cardiostyl, Clopadel, Cefacloril The success of the pharmaceutical industry is further enhanced by the dynamic entrance of the company in the beauty and cosmetic market. The products of the new series include Adelco Intense Spa Luxurious Color, offering specialized SPA care and protecting colored hair. The high quality range Adelco Velvet Hand & Body offers velvety softness and natural beauty. The Children’s range Adelco Kids includes products specifically designed for children with gentle compositions and delightful aromas. In ADELCO we believe that the overall quality that we have to offer is as important as the importance of good health. So we strive every day.... aiming at perfection.

CREATIVE GREECE 2017 - EXPORT LEADERS

FOOD PRODUCTS Industrial

EVOIKI ZIMI SA

Explore the Traditional Greek Taste of Dough Products

Charalampos Konstantakis - President & CEO

Contact details 14th km National Road Halkida - Edipsos 34400 Kastella/Evia, Greece Tel: +30 22280 23700, Fax: +30 22280 22001 info@evoiki-zimi.gr , www.evoiki-zimi.gr Exports: Despina Stavrinidi Mobile: +30 6942200892, E-mail: despina@evoiki-zimi.gr

EVOIKI ZIMI SA was created in 1984 in Psachna, Evia under the name “Zimarika Psahnon” as a small personal industry with the production of traditional pasta, faithfully following the traditional recipes and using only the finest ingredients, with the way of experienced landladies. During the 90s, Evoiki Zimi expanded its activities in the production of frozen dough products and transferred to privately-owned facilities at Kastella, Evia. The growth of the company led it in 2004 to move part of its production to new modern facilities in the district of Dokos, Chalkida. At the end of the decade the company has presence also in Chania in Crete with one more production unit, and in 2017 a new branch in Karditsa strengthens the company’s fleet. The company vigorously expands the distribution network of its products under the brand names “Zimarika Psachnon” and “Zimi Psahnon” and constantly gains new customers in Greece and abroad. The success comes with the homemade country style fillo pastry and continues with crust fillo pastry, puff pastry, fillo kataifi, traditional pies, puff pastry pies, pizzas, croissants. Nowadays consumers can find the company’s products in most big supermarkets throughout Greece but also in smaller retail stores. A similar development has been achieved in the exports of products through the continuous development of sales network in the world market. The company constantly invests in the latest technical equipment and fleet of trucks, in the proper training of human resources and the absolute maintenance of consistently high quality and unique homemade taste of its products, having integrated quality assurance systems EN ISO 22000: 2005, BRC, IFS. Evoiki Zimi under the brand names “Zimi Psahnon” and “Zimarika Psahnon” exports to more than 30 countries around the world, from Australia to America, all categories of products. The company focused on the wholesale market (catering – horeca) where what is important is the quality of the product, not the brand, as well as on the production of private label products to major wholesalers who already had developed their own brand in local retail markets. Therefore, Evoiki Zimi managed to enrich further the range of its customers and to distribute its products to a much larger market than the one of the Greek Diaspora. Future plans remain actively seeking new fruitful markets and at the same time developing the existing ones either with new products or new distribution channels. International exhibitions remain a sales development tool and communication with partners and customers, so the company will continue to be present in the most important shows and trade fairs to promote its products.

207

CREATIVE GREECE 2017 - EXPORT LEADERS

ZOINOS WINERY S.A.

Using innovative methods of cultivation and vinification

Athanassios Katsanakis

Zoinos Winery SA, the oldest and largest wine-producer in northwestern Greece, is actually the sequel of the cooperative winery established in Zitsa, Epirus back in 1974, with the objective to develop and improve the cultivation of the indigenous varieties Debina, Vlachiko and Bekari The adoption of Zitsa as a PDO region meant that the wine was coming from the legally-defined wine growing area, produced from local varieties and vinified using the area’s traditional technique, and also that it had specific organoleptic characteristics. The PDO region of Zitsa includes two types of the fragrant PDO wines which are produced from the white grape variety Debina: a Still and a Semi-Sparkling one. In the past five years, the company made a number of investments in new equipment in order to upgrade its winery. It uses innovative methods of cultivation and vinification not only of the local varieties (Debina, Bekari, Vlachiko) but also of the famed Chardonnay, Traminner and Cabernet Sauvignon. By participating in several annual wine competitions, such as Decanter World Wine Awards, Berlin Wine Trophy, International Wine and Spirit Competition, the company tries to keep its products improved and competitive against the rest of the market, a notion that leads its wines to the top of consumer preference. Zitsa Winery is a company with a past, present and, primarily, a promising future as its nationally and internationally awarded products can indicate. Contact details:

Contact Details 38 Charilaou Trikoupi St., Ioannina 45333, Greece Tel.: +30 26510 70963 Fax: +30 26510 76107 E-mail: info@zoinos.gr, sales@zoinos.gr Website: www.zitsawine.gr

208

CREATIVE GREECE 2017 - EXPORT LEADERS

APPAREL Commercial

DUR SA

Nearly 60 years of history... Douros SA is a purely Greek menswear company with a tradition of over half a century, based in Patra and publicly traded since August 2000. It has a wide network of 25 retail stores throughout Greece under the Dur sign, including several shop-in-shop outlets, while it is supported by an equally strong wholesale network. The company employs a direct and indirect staff of 80, actively contributing to strengthening the Greek economy and reducing unemployment. Aside from its domestic business, Dur exports to Albania, Cyprus and Bulgaria. In spite of the downward trend of Greece’s economy since 2009, as well as the intense competitive environment in which it operates (which led to a drop in sales), the company showed a marginal increase in sales in the first 9 months of 2015 compared with the corresponding period in 2014. In the nine months of 2015, the firm posted sales of 2.746 million euros against 2.736 million euros a year earlier. In addition, the company in Q3 2015 recorded marginally positive net earnings. Specifically, Theodoros Douros, after tax income rose to 19,677 euros compared with virtually zero effect in Q3 2014. Douros, having Managing Director successfully completed some restructuring moves mainly on operational level, and having stabilized its sales, currently prepares its further growth plans to create new outlets. At the same time, it launched the operation of its e-shop, enabling consumers to buy high quality clothing saving time and enjoying the available offers. Moreover, the firm continues successfully its integrated business while implementing its “offer” system throughout the year, to attract even more consumers, expecting an increase in sales. Douros’s philosophy is focused on the Greek consumer who, irrespective of age, wants to stand out in a casual but elaborate outfit. The firm’s goal is to maintain a long-term relationship of loyalty, always responding to the desire to combine their outfit with a brandname, design and quality at the best price. The Douros family, beyond their business mission, also have a strong presence in the cultural, social and sports events in Greece and particularly in the city of Patras. COMPANY HIGHLIGHTS ● T he effort to build the Dur brand started some 60 years ago, when founder Nikos Douros began commercial and production activity in cotton garments. ● I n 1971, the company acquired the corporate form it has today. ● I n the 1970s, the firm developed a very remarkable export potential. ● T he position of the company further strengthened in foreign markets in the 90s, taking part in major international garment fairs like SEHM Paris (Salon International de l ‘Habillement Masculin), the Koelnmesse Germany and the Pitti Uomo Italy. Contact details 80 Marangopoulou St., 26331 Patra, Greece ● I n the 1990s, the specialist retail chain was created under the name Dur Escape Land. It has been a particularly successful move since it was made without affecting the DUR brand wholesale network. Tel.: +30 2610 224113 Fax: +30 2610 226283 ● E normous investments were facilitated by the company’s listing on the Athens Stock Exchange in Website: http://www.dur.gr August 2000, raising 7.63 million euros (2.6 billion drachmas). As a result, Douros SA managed to strengthen even more its foundations as it reduced short-term debt and further fortified is own retail network. ● The second generation of the company, led by Theodore Douros as CEO, assumed the management of the firm and revived it through ambitious growth plans.

209

CREATIVE GREECE 2017 - EXPORT LEADERS

WINE Commercial

SEMELI WINERY S.A.

SEMELI: A Greek wine in the worldâ&#x20AC;&#x2122;s top The Semeli Winery was founded in 1979 with a view to making Greek wines of exceptional quality. The production of fine wine has long been inextricably connected with grape quality, which in turn draws its fineness from the soil or terroir in which it grows. The favourable climate coupled with the rare qualities of the land, in symbiotic fusion with the sun that casts its potent rays across the vines and the grape varieties accordingly selected, are indeed the defining parameters for the fine wine we offer. Semeli vineyards in Nemea (Koutsi) and Mantinia enjoy the finest advantage of all those defining qualities necessary for a most perfect quality of wine. The strict norms of cultivation, and the passion of those caring for the vine, in combination with experience handed down from one generation to another and the use of ultramodern machinery, result in the production of wines of both remarkable character and exceptional quality, and at value-for-money prices. Semeli Estate is one of the most impressive winerelated undertaking in Greece, located at an altitude of 600m; a place where comfort and style are celebrated each and every day. The location combines natural beauty and easy access to cultural and historical sights. Semeli Estate tasting is regarded as an experience having. Our elegant multi-purpose room can be offered for wine-tasting, corporate and social events. The winery also boasts a large outdoor area ideal for outdoor events. The breathtaking view from the winery, offers tranquility and serenity, allowing visitors to enjoy quick access to numerous archeological sites and cultural regions, such as Ancient Nemea, Epidaurus, Stymphalia Lake, Mycenae, Nafplio, Loutraki, etc. Semeli wines are extended in the following categories: Dry White Wines, Red Dry Wines, Rose Dry Wines and Medium Sweet Wines.

Contact details 3 Mitropoleos St., Athens, Greece, 10557 Tel.: +30 210 3256850 Fax: +30 210 3221948 Website: www.semeliwines.gr

210

CREATIVE GREECE 2017 TOURISM

CREATIVE GREECE 2017 - TOURISM

SANI RESORT

A special place of discrete luxury

Andreas Andreadis

Contact details Kassandra, 630 77 Chalkidiki, Greece Tel: +30 23740 99400 Fax:+30 23740 99508 E-mail: info@saniresort.gr Website: www.sani-resort.com

Sani Resort is a family-owned, privately-developed ecological reserve, established some 40 years ago. Offering the services of a world class resort, Sani provides guests with the best of both worlds: opulent luxury with world-class service, set in a surrounding environment of unique beauty. Set within its 1000 acres of natural magnificence, there are four internationally awarded fivestar hotels, each with its own distinctive character, offering a wide range of leisure facilities and accommodation. With a state-of-the-art yacht marina and a shopping plaza bustling with celebrated restaurants, vivid bars, a roaring café society, a vast array of chic boutiques and shops, sports and children’s facilities and with its three extraordinary Spa venues, Sani Resort is considered to be the ultimate Mediterranean destination. Sani’s natural beauty is reflected in everything this luxury holiday resort has to offer, but ultimately, it is the friendly and highly qualified staff that brighten it up, turning guests’ holidays into a personal, treasured experience. ● Four 5* Hotels (Open: April – October) ● Sani Beach - Sani Club - Porto Sani - Sani Asterias ● A 1000-acre private estate ● Ecological Reserve – Pine Forests – Bird Sanctuary ● 7km of white sandy beaches with EU Blue Flags ● Private yacht marina with shopping piazza ● Dine Around: 20 restaurants ● 16 bars and cafes ● Sports Centre – Watersports – Diving Centre ● 4 luxurious Spas ● Open-air Garden Theatre and a professional Entertainment team ● Creche and Childrens’ Mini Clubs ● Sani Festival ● Sani Gourmet ● Repeaters Club ● Sani VIP Services organizing tailor-made events ● Meetings and Special Event facilities The resort reported 2015 sales of 59.81 million euros, slightly up from 59.56 million euros a year earlier, with pre-tax profit plunging to 4.5 million euros compared to 29.63 million euros in 2014.

212

CREATIVE GREECE 2017 - TOURISM

TEMES S.A.

Developers of Costa Navarino

Contact details TEMES S.A. 5 Pentelis St. 17564 Athens, Greece Tel.: +30 210 9490 152 Fax: +30 210 9490 218 Cell: +30 6981460993 Dr. Vassilia Orfanou Senior Media Relations Manager Email: info@temes.gr Website: www.costanavarino.com Costa Navarino: http://www.costanavarino.com/ The Westin Resort, Costa Navarino: http://www.westincostanavarino.com/ The Romanos, A luxury Collection Resort: http://www.romanoscostanavarino.com/

TEMES S.A. is a premier developer of luxury, mixed-use resorts. Through Costa Navarino, its flagship development in the region of Messinia, southwest Peloponnese, TEMES contributes to the establishment of Messinia as a world-class, high-end destination. Costa Navarino is the prime, sustainable destination in the Mediterranean. One of the most unspoiled and breathtaking seaside landscapes, this area has been shaped by 4,500 years of history. The Costa Navarino philosophy is driven by a genuine desire to promote Messinia, while protecting and preserving its natural beauty and heritage, which is why the building footprint at Costa Navarino will be less than 10% of the total land area. Costa Navarino comprises a number of distinct sites featuring 5-star deluxe hotels, luxury residences, conference facilities, spa and thalassotherapy centers, signature golf courses, as well as a wide range of year-round activities for adults and children which are unique in the Mediterranean. Extending over 130 hectares of gently sloping hillside, the first resort site, Navarino Dunes, is a stunningly beautiful west-facing location. Richly endowed by nature, the site overlooks a magnificent sandy beach that stretches for over 1 km, washed by the warm clear blue waters of the Ionian Sea. It is home to two luxury 5-star hotels, The Romanos, a Luxury Collection Resort and The Westin Resort Costa Navarino; The Dunes Course â&#x20AC;&#x201C; the first signature golf course in Greece; Anazoe Spa, a 4,000sq.m. spa & thalassotherapy centre; the state-of-the-art conference centre House of Events; specially designed facilities for children; and, a variety of gastronomy venues, sports, outdoor and cultural activities. The second resort site, Navarino Bay (140 hectares), will open in the near future. It is already home to the signature golf course, The Bay Course. Stretching along a magnificent 2 km seafront that affords breathtaking views of the Bay of Navarino, particularly at sunset, it is a place of outstanding natural beauty and enormous historical importance. Costa Navarinoâ&#x20AC;&#x2122;s next development phase features Navarino Residences, a range of luxury, freehold private properties, which will be situated within the award-winning Navarino Dunes resort. Further distinct areas will be developed in the future: Navarino Beach, Navarino Hills and Navarino Blue. Sustainable development Costa Navarino adheres to strict environmental protection guidelines and management principles, recognizing the significant contribution of a pristine natural environment to the development of a sustainable tourism product. The environmental management system of Costa Navarino covers all aspects of environmental protection by applying sustainable water and energy management practices, integrated solid & liquid waste management with an extensive recycling program and a number of environmental programs for the preservation of biodiversity and the protection of ecologically important habitats in the vicinity of Costa Navarino.

213

CREATIVE GREECE 2017 - TOURISM

Hotel Grande Bretagne

A Luxury Collection Hotel Located opposite Syntagma Square as well as within walking distance of exclusive shopping areas and museums, Hotel Grande Bretagne enjoys the ideal location in the city centre. This eight story 19th-century building exudes wealth and refinement from the first impression, while it has been repeatedly awarded by significant international communities.

Tim Ananiadis, General Manager & Managing Director

With meticulous attention to detail, the 320 rooms and suites marry charming old-world elegance with state-of-the-art facilities whereas the 58 suites enjoy additional benefits including personalised Butler Service. Guests can indulge themselves within the multi-awarded GB Spa as well as experience the utmost dining service within the following available restaurants: The GB Roof Garden is ideal for a romantic rooftop meal, while the Winter Garden is renowned for its afternoon high tea and live entertainment. Guests can also enjoy wine tasting in The Cellar. The GB Pool Bar offers healthy snack options whilst the Alexander’s Bar makes guests want to linger over a classic cocktail or exquisite cognac. Finally, the Alexander’s Cigar Lounge, offers a relaxed setting to enjoy fine wines, premium cigars, cognacs and liquors with friendly and discreet service. Hotel Grande Bretagne has restored its status as the ultimate choice for refined business meetings and lavish social affairs. Featuring over 1,100 square meters of exquisite function space, the hotel offers the Grand Ballroom, Golden Room, Royal Room, Athenian Hall and its smaller meeting rooms: Boardroom, Churchill’s, Chairman’s, Diplomat’s, and the Executive Room.

Contact details Syntagma Square, 10564, Athens, Greece Tel. +30 210 3330000 Fax: +30 210 3228034 Email: info.gb@starwoodhotels.com Website: grandebretagne.gr luxurycollection.com/grandebretagne

214

Concierge Exclusive: The Acropolis and the milestone of Parthenon are located within walking distance of 1.0 km from the Hotel Grande Bretagne. Plaka is the old historical neighborhood of Athens clustered around the northern and eastern slopes of the Acropolis. The “Monastiraki Flea Market” is the place where unique antiques and indigenous gifts can be bought as well as the place where the utmost hand-made selection of souvenirs can be observed. It would be a miss not to mention that within easy walking distance are also the Ancient Agora, the Lycabettus Hill, and the Original Olympic Stadium.

CREATIVE GREECE 2017 - TOURISM

MITSIS HOTELS

The Greek hotelier who has invested 400 million The hotel chain “Mitsis Hotels” was founded by Mr. Konstantinos Mitsis in 1976 and represents the most important activity of the Mitsis Group of Enterprises, which is also active in the following sectors: textile industry, wine production, construction and publication.

Stavros Mitsis

History Bearing in mind the group’s versatile activities, the Mitsis Hotels logo is representative of the company founder’s attitude towards life, for the last 40 years or so: a forward-looking, target-oriented figure. The first knitting factory is established on September 5th, 1954. It signals the beginning of a long, successful career, which evolves at a quick pace. Achievements succeed to one another: textile industry, wine production, construction andmassmedia. While the first hotel unit only operates in 1976, today, hospitality has become the group’s main activity. The company counts 20 properties, 4-star, 5-star and deluxe City and Resort hotels, as well as 11 spa & thalassotherapy centres. Located in some of the most beautiful areas of Greece: on the islands of Crete, Rhodes and Kos, in Kamena Vourla in central Greece, and in Ioannina. The company employs 4000 staff, thereby playing an important part in the country’s tourism development and employment sector. In Athens maintains the hotel Sofitel, in Corfu in Roda Beach, in Ioannina Grand Serai, in Kammena Vourla Galini Resort, Crete Laguna Resort, Rinela Beach, Serita Beach, Kos Blue Domes Family Village Norida Beach Ramira Beach Summer Palace in Rhodes the Alila, Faliraki Beach, Grand Hotel, La Vita, Lindos Memories, Petit Palais, Rodos Maris, Rodos Village. We should note at this point that the group Mitsis since 2008 has invested 400 million Euro. the statements of its founder are characteristic, Mr. Konstantinos Mitsis on the web TV www.timetv. gr: «We have four new hotels, investing about 200 million euros. It is the last the Alila in Rhodes, Laguna in Crete, Blue Domes in Kos and the Grand Serai in Ioannina. In addition to those invested another 200 million for the renovation of 9 hotels by the chain of our brand new units. “

Contact details 12, Filotheis str. 11147 Galatsi, Athens - Greece Tel.:+302102134644 Fax:+302102917672 Website: http://www.mitsishotels.com/ E-mail: info@mitsishotels.com

215

CREATIVE GREECE 2017 - TOURISM

PORTO CARRAS GRAND RESORT

Among Greece’s most complete hotel complexes

Konstantinos Steggos

Contact details Sithonia, 630 81, Halkidiki, Greece Tel.: +30 23750 77000 Fax: +30 23750 71 229 E-mail: info@portocarras.com Website: www.portocarras.com

216

The unique Porto Carras complex is situated on the western coast of Sithonia, the central peninsula of Halkidiki, northern Greece, between the high peaks of Mount Meliton and the deep blue of Toroneos Gulf, on a plot of land measuring 17,630 hectares of a magnificent verdant landscape boasting a 9-km-long beach, interrupted by 25 virgin, sandy coves. Porto Carras Grand Resort, Greece’s most complete hotel complex and a nine-time award winner by Conde Nast Traveller, comprises two 5-star hotels, a commanding, renowned Villa, a luxury casino and two Thalassotherapy and Spa Centers. In addition, the resort features an international standard 18-hole golf course, a private, 315-berth marina, the largest and one of the best equipped Congress Centers in Northern Greece, an Equestrian Club, a nine-court Tennis Club, a Diving Club, a Yacht Club, and the largest organic vineyard in Greece. The complex also includes three heliports and two waterways for those traveling in style! It all started with a cruise to Mount Athos, organized to celebrate the millennial anniversary of the Mount Athos monastic community. Athenian celebrities, together with shipping magnate John Carras, aboard the Greek tycoon’s yacht, sailed off the coast of Sithonia, into the Toroneos Gulf and the story began as John Carras fell for the virgin landscape. Construction work began in 1968 to build the Villa Galini; the famous villa was built on rocky and barren Galani Hill, named after a bandit killed here, covering a total floor area of 2,000 sqm. An example of unique architecture and beauty, furnished with rare monastic furniture and unique artworks, the villa featured in the magazines of the ‘70s as one of the most beautiful buildings in the country. Within three years the region had undergone a complete facelift, as marshes were drained, extensive reforestation activities were carried out and olive groves (45,000 olive trees) and a 4,750-acre vineyard were created. Village Inn opened its doors in 1976, bringing a real revolution in the tourist and cultural image of Greece, while the Meliton Hotel commenced operation in 1979 and the Sithonia Hotel in 1980. In 1999, construction group Technical Olympic made the biggest bid in a tender by the National Bank of Greece for the acquisition of Porto Carras. Since then, Technical Olympic Group Chairman, Constantine Stengos has made it his life’s purpose to bring Porto Carras to the fore of the international tourism market. In 2015, the popular resort posted a drop in sales to 37.78 million euros compared to 62.40 million euros a year earlier. Pre-tax earnings also dropped to 6 million euros against 9 million euros in 2014.

CREATIVE GREECE 2017 - TOURISM

ESPERIA GROUP TOURISM ENTERPRISES

With a presence of almost half a century in Rhodes’ tourism

Contact details Faliraki, 85100, Rhodes, Greece Τel: + 30 22410 84300 Fax: + 30 22410 85744 Website: www.esperiagroup.gr Ε-mail: info@esperiagroup.gr

Esperia Hotels on Rhodes, Greece was established in the tourism industry since 1969, with its first Esperia Hotel in downtown Rhodes. The firm today owns six hotels on Rhodes, five of which are located on the east coast of the island, Faliraki beach. With dedication and flexibility to the changing times and tourist needs and requirements, ESPERIA HOTELS has developed into a modern tourism business, operating six hotels each with a different character and identity, but all catering to visitors on Rhodes in the best possible way. Esperos Palace Resort 4* plus, is superbly located by the by Faliraki beach, offering a luxurious and cosmopolitan atmosphere, excellent service, spa and conference facilities, water sports, gourmet restaurant, animation shows and evening entertainment. Esperos Village Resort 5*, built on the verdant hillside above Faliraki beach, is an adult-only paradise, ideal for relaxation and tranquility among pine trees and flowers, and commanding stunning sea views. Enjoy romantic candlelit dinners, perfect for honeymoon and weddings, with private parking spaces adjacent to the room and free shuttle bus service to the beach. Esperides Beach Family Resort 4*, is the best choice for all-inclusive family holidays in Faliraki beach, with facilities and services meeting all the requirements of a family. Pools, playgrounds, sports, Luna Park, Water slides, large group animation, educational activities, evening shows, and delicious buffets are just some of the services and facilities that keep all the family happy and entertained. Esperos Mare Resort 4*, after the last renovation in 2015 the hotel offers an unforgettable all-inclusive experience. Located on the Faliraki beach Esperos Mare is the ideal choice for holidays with high quality services and modern amenities by the sea. Esperia City 3*, is located in the city center of Rhodes, at a mere 5-minute drive from the beach. Many options for lovely restaurants, bars and colorful shops to choose from are within walking distance from the hotel. Esperos Blue Vilalage & Spa, a combination of crystal clear waters of the sharing or private pools, with excellent atmosphere and privacy. Located in Kallithea (Ammoudes) on the East side of the island of Rhodes. Ammades Epsilon Hotel. The apartments and studios of Ammades Epsilon are ideal for families and couples who prefer self-catering accommodation but still have the option to choose from the 4* hotel services. In 2015, Esperia Group posted a slight drop in sales at 28.62 million euros compared to 30.01 million euros a year earlier. Pre-tax earnings inched down to 3.71 million euros against 3.78 million euros in 2014.

217

CREATIVE GREECE 2017 - TOURISM

CELESTYAL CRUISES

A unique experience Celestyal Cruises is the only home-porting cruise operator in Greece and the preeminent cruise line serving Greek destinations and the island of Cuba. The company operates five mid-sized ships, each one cosy enough to provide a highly personal service. Every cruise focuses on true cultural immersion, offering an authentic experience of the regions in which the vessels sail.

Kyriakos (Kerry) Anastassiadis, CEO of Celestyal Cruises

Sustainability Celestyal Cruises is deeply committed to sustainability and ethical business practice. The company supports the local communities in the destinations it visits, particularly in the field of education. Since 2015, more than 1,000 students on the islands of Milos, Patmos and Ios have enjoyed a ‘journey to knowledge’ by attending the Museums Program, an initiative by Celestyal Cruises to bring interactive exhibits from the highly respected Herakleidon Museum to remote areas so that students can learn first-hand about the connection between science, art and mathematics. In addition to the above program, Celestyal Cruises supports cultural NGOs as well as promoting entrepreneurship, marine student development and child welfare. ISO certification Following the successful ISO 9001/14001 auditing of three of the company’s ships and the company’s office, Celestyal Cruises’ operations are now certified in accordance with ISO 9001/14001 standards. This relates to the entire spectrum of cruise ship management including technical, hotel and crew management; the certifying authority is DNV-GL, which is by far the biggest and most respected classification society in the marine industry.

Contact details 25 Akti Miaouli, 18535 Piraeus, Greece Tel. +30 216 40 09 999 Fax. +30 216 40 09 629 E-mail: info@celestyalcruises.gr Website: http://www.celestyalcruises. gr For more information, please visit www. celestyalcruises.com Facebook: https://www.facebook.com/ CelestyalCruisesGreece Instagram: https://www.instagram.com/ celestyalcruises/ Twitter: https://twitter.com/celestyalcruise

218

Awards In 2017, Celestyal Cruises won four Cruisers’ Choice Awards from Cruise Critic, the world’s largest online cruise community, best in the mid-size category for Embarkation, Entertainment, Shore Excursions and Value; in 2016 the company won the prestigious Editor’s Pick Award for Value in 2016. Other awards given to Celestyal Cruises include Gold and Silver in four categories at the 2016 Greek Tourism Awards, an Efkranti Award and awards at the 2016 HR Community Conference. The company was also a finalist for a 2016 UK WAVE Award.

CREATIVE GREECE 2017 - TOURISM

Aldemar Group

One of the leading hotel chains

Alexandros Aggelopoulos Aldemar Hotels Portfolio Limenas Hersonissou, Crete Royal Mare ***** Royal Mare Thalasso Knossos Royal ***** Royal Villas ***** Cretan Village **** Kallithea, Rhodes Amilia Mare ***** Paradise Village ***** Skafidia, West Peloponnese Olympian Village ***** Royal Olympian Spa & Thalasso Royal Olympian *****

Aldemar is one of the leading hotel chains in Greece with a total 5,500-bed capacity and 1,800 employees. Through the selection of strategic destinations for its hotels, the design and construction of new hotel units, complete refurbishment of newly acquired units, as well as the provision of superb services, Aldemar has a most dynamic presence in the hospitality field. They are dedicated to their guest’s pleasure, as simple as that. It’s something they never forget and reflects their philosophy about hospitality. As one of the most respected and popular leisure operators in Greece, the award winning Aldemar brand has become a byword for luxury, service and attention to detail. Their eight deluxe and first-class hotels are located across Crete, Rhodes and Olympia. Aldemar also offer four state-of-the-art conference centres and two acclaimed Thalasso Spa Centres. Up until now Aldemar founded in 1977 by Nicolaos Aggelopoulos, almost 8 years later the first hotel unit of the company, Aldemar Cretan Village, was designed and constructed on a 60,000-sq.m. property at Limenas Hersonissou, Crete. Some years later, in 1991, Aldemar Knossos Royal Village, the second hotel unit was constructed on an 85,000-sq.m. property at the same region. In 1992, Knossos Royal Village Conference Centre, a conference facility that caters up to 900 people, was completed on the grounds of Knossos Royal Village. Construction of 49 luxurious villas on the hotel premises. Their investments keeps on, and they construct Aldemar Royal Mare Village, a deluxe hotel unit, and Aldemar Royal Mare Thalasso, the first Thalasso spa centre in Greece, completed both on a 96,000-sq.m. property adjacent to Aldemar Cretan Village, in June 1997 which were inaugurated by, at that time, the Minister of Development Ms. V. Papandreou. In May 1999, a refurbishment project at the newly acquired Paradise Beach & Paradise Village in Kallithea, Rhodes is completed. The two fully renovated first-class hotel units welcome their first guests under the new names Aldemar Paradise Royal Mare and Aldemar Paradise Village. Within a nine months’ period takes place the complete design and refurbishment of the newly acquired unit (formerly, Miramare) on a 740,000-sq.m. property at Skafidia, West Peloponnese. Under a new name, the first-class hotel Aldemar Olympian Village welcomes its first guests in May 1999.

Contact details Kifisias Avenue 262,145 62, Kifisia, Attica Tel.: +30 210 6230400 Fax: +30 210 8017451 Website: http://www.aldemar-resorts.gr/ EN/Home/

219

CREATIVE GREECE 2017 - TOURISM

ATRIUM PALACE THALASSO SPA RESORT & VILLAS, LINDOS, RHODES

Offering luxury accommodation with Spa wellness

Konstantinos Konstantinidis

Contact details Kalathos 85102, Lindos, Rhodes Tel.: +30 2244031601, 31602 Fax: +30 2244031600 E-mail: info@atrium.gr Website: http://www.atrium.gr

220

Visitors to Rhodes, Greece who wish to be accommodated in a high-class 5-star luxury hotel with fine services and exclusive amenities are welcomed in the quality awarded Atrium Palace Thalasso Spa Resort & Villas in Kalathos Bay, Lindos. Situated in the tranquil bay of Kalathos Village, close to the picturesque village of Lindos, Rhodes this architecturally innovative 5-star luxury hotel combines luxury with its delightful blend of classic Greek and Italian styles. The architecture of the hotel resort is an expression of the distinctive blend of the islandâ&#x20AC;&#x2122;s historical trends derived from the passing of centuries and civilizations. The 5-star luxury resort offers double rooms, junior suites and suites. Each luxuriously decorated and spacious guest room is situated graciously amongst a haven of inner courtyards and bridges. From every vantage point, the views of the Mediterranean Sea are simply breathtaking. Covering a space of over 2000sqm, in Kalathos bay near Lindos, the state-of-the-art AnaGenesis Thalasso Spa Centre is unique and specially designed for absolute rejuvenation and relaxation. Escape into the idyllic world of The Atrium Palace, one of the most elegant resort hotels on the island of Rhodes, with its stunning rooms, villas and AnaGenesis Thalasso Spa, a step away from the waters of the Mediterranean Sea. This nice location of luxury, romance, affluent accommodation, Thalasso Spa wellness, Thematic Restaurants, privacy and tailor made services is the beginning. Rhodes Island is your next cosmopolitan destination and the Atrium Palace your selection amongst resorts. The firm reported 2015 steady sales of 17.57 million euros compared to 17.75 million euros a year earlier. However, pre-tax earnings dropped to 3.6 million euros against 4.2 million euros in 2014.

CREATIVE GREECE 2017 - TOURISM

ELECTRA S.A. Electra Hotels & Resorts

51 years of successful operation! Greek group Electra Hotels & Resorts comprises 4 hotels, The Electra Palace in Athens (Plaka), The Electra in Syntagma square, The Electra Palace in Thessaloniki and The Electra Palace in Rhodes. Since the first Electra hotel opened back in 1965, Electra Hotels and Resorts’ history has been one of warm, luxurious hospitality services. Operating under the philosophy of traditional Greek hospitality, we aim at creating a comfortable environment full of luxurious details, from which our honored guests can explore Greece’s main cities or the island of Rhodes, one of the country’s most celebrated islands. For half a century, we have hosted more than 6.5 million discerning travelers in our properties in Athens, Thessaloniki and Rhodes, treating each and every one of them as family. As we embark towards our centennial, we plan to keep on doing just that: creating a sumptuous hospitality experience fit for the 21st century traveler that is still warm and familial – just as you know us to be. In 2015 the Electra family celebrated its 50 years of operation! Since the development of the first Electra hotel, the Electra Athens on Ermou Street in 1965, everyone in the family strives to offer our guests the experience and feeling of what we call Traditional Greek Hospitality! Your continuous support through the years motivate us to work harder and give back to our guests and the societies that surround us! In 2015, Electra posted a slight rise in sales to 9.76 million euros compared to 9.07 million euros a year earlier. Pre-tax income rose to 4.0 million euros against 3.63 million euros in 2014.

Contact details 18- 20, N. Nikodimou St., 10557 Athens, Greece Tel.: +30 210 3370000 Fax: +30 210 3241875 E-mail: epconcierge@electrahotels. gr Website: http://electrahotels.gr

221

CREATIVE GREECE 2017 - TOURISM

LINDOS IMPERIAL IOANNIS MINETTOS SA

Three perfectly positioned beachfront hotels

Contact details Koukoumia 851 09, Rhodes, Greece Τel.: +30 22440 29200 FAX: +30 22440 29209 Website: www.lindoshotels.com E-mail: accli@lindoshotels.com

222

Lindos Hotels Group is a luxurious Greek hotel chain located on the Island of Rhodes, with three perfectly situated beachfront hotels, boasting more than 900 rooms, owned and run by the Minettos family. The hotels combine the exclusivity of 4* and 5* facilities with the familiar touch of a local family. The three properties are located in Kiotari and Vlycha within close proximity to the historical site of Lindos, a top tourist destination on the Island of Rhodes. All three hotels - Lindos Imperial Resort & Spa, Lindos Royal Hotel and Lindos Village Hotel – are managed by the company Lindos Imperial Ioannis Minetos SΑ. The beautiful Lindos Imperial Resort & Spa is located at a short distance from Glystra Beach and the old Fishing Village of Kiotari, bordering the beautiful pebble beach of Kiotari Bay. A mere 65 km from the main Airport of Rhodes (Diagoras), transfers are available via the hotel to collect visitors from the airport and take them to the beautiful South East Coast, within 50 minutes. Generous outdoor spaces to lounge and relax, epitomize open yet private restfulness, with mesmerizing views of the Aegean Sea. Landscaped gardens and alluring pools altogether in a resort that emanates elegance and comfort, with all the modern first class amenities you could need at your fingertips. The stunning Lindos Village Hotel is located at a short distance from Lindos. The Village is built alongside a small cove of shallow waters, overlooking the picturesque bay of Vlycha, approximately 55km from the main Airport of Rhodes (Diagoras), and the hotel can arrange for the 40-minute transfer from the airport to the beautiful South East Coast. Enjoy rich experiences in an extraordinary location where old-world Greek charm meets modern day luxury. The Lindos Village Hotel is an extravagant portrait of a traditional Greek village, bright white buildings that harmoniously soak up the glorious Greek sun and radiate a warm Mediterranean glow. The beautiful Lindos Royal Hotel is located near Lindos (3km), built alongside a small cove of shallow waters overlooking the picturesque bay of Vlycha, approx. 55 km from the Rhodes International Airport. The hotel can arrange for transfers, with the drive taking 50 minutes. Lindos Royal Hotel is a fascinating picture of classic Rhodes colonial style architecture, with a host of columns and spectacular arches making up the extravagant exterior. The property is built overlooking the small bay of Vlicha and enjoys cascading views, stretching as far as the eye can see over the emerald waters. In 2015, Lindos reported a drop in sales to 8.79 million euros compared to 9.87 million euros a year earlier. The firm posted a pre-tax loss of 465,000 euros against a pre-tax profit of 3.28 million euros in 2014.

CREATIVE GREECE 2017 - TOURISM

MYKONOS GRAND HOTEL & RESORT – DIAKOFTIS SA

For rare moments of romance, adventure, and excitement

Contact details Ayios Yiannis, 84600, Mykonos Greece Tel: +30 22890 25555 Fax: +30 22890 25111 E-mail: info@mykonosgrand.gr Website: www.mykonosgrand.gr

The Mykonos Grand Hotel & Resort has an enviable beachfront location on Ayios Yiannis known as Shirley Valentine beach, named after the English movie. Looking after their guests extends to their day at the beach with complimentary umbrellas and loungers and exclusive beach attendants to look after any requirements. To ensure a peaceful and relaxing environment, there are no water sports on our sandy beach. The resort combines convenience with peace. It is positioned opposite the sacred island of Delos which gently resonates calm and relaxation throughout Mykonos Grand. The serene Ayios Yiannis beach is well-known for its glorious sunsets, while the liveliness of Mykonos town with its boutique shopping, sophisticated night life and prestigious restaurants such as Nobu Matsuhisha, is only 4.2km away. Many of their customers come from congested cities or busy lives. They want to make sure they feel the relaxing benefits of natural space, so have set our accommodation within five acres of land. This means our 107 rooms and suites enjoy the extra space only found in a luxury hotel. They have combined the Cycladic architecture of cube shaped, whitewashed buildings and cobbled paths with romantic, stylish and restful interior décor. Sheer white drapes and canopy style beds within the rooms and suites have meant that many of our guests find it hard to leave their rooms! They know that many guests relieve their stress through exercise, breathing and stretching. The spectacular stone built outdoor amphitheatre has become a unique spot for inspiring yoga and pilates sessions. In addition, wide range of sports facilities ensure guests can work out as much or as little as they wish. (Facilities include: Tennis and squash courts, table tennis, 500 sqm swimming pool, newly renovated Technogym fitness center). The ultimate aim of Myconos Grand, is for their guests to leave their holiday feeling fresh, pampered and rejuvenated. The luxury Althea Spa Center taps into each guest’s individual needs and senses. The combination of natural Mediterranean ingredients and ancient Greek health and beauty treatments, leave guests feeling like a god or goddess. The firm posted 2015 sales of 7.94 million euros compared to 7.43 million euros a year earlier, while pre-tax income also inched up to 3.84 million euros against 3.58 million euros in 2014.

223

CREATIVE GREECE 2017 - TOURISM

SAINT JOHN MYKONOS HOTEL & VILLAS – ACHINOPODI SA

One of the finest Hotel Resorts of the Cyclades As one of the leading Mykonos beach hotels, Saint John hotel combines the elegance and luxury amenities you would expect from a 5-star Mykonos hotel of this high caliber. Its reputation for gracious hospitality, impeccable service and magnificent cuisine is renowned throughout the world and entices visitors to return year after year. Its magnificent private beach, along with the spectacular ocean views makes it an ultimate sanctuary for a holiday of a lifetime. The unique surroundings give this beach resort the spirit of the traditional Island life blended with the authentic cosmopolitan style of Mykonos, where characteristic Mykonos Island whitewashed cubist houses cascade down onto the private pristine 200-meter-long beach made up of waters of crystal clarity. Saint John Mykonos Hotel Resort One of the finest Hotel Resorts of the Cyclades, Saint John Mykonos Hotel Villas & Spa, is a comprehensive, all - inclusive resort on Mykonos Island, leaves no desire unsatisfied for the discerning guests, offering an outstanding experience in the Greek islands. At Saint John Hotel, the pool’s infinity edges blend seamlessly with the turquoise waters of the private bay. The luxury hotel resort includes a wide variety of facilities and services such as an assortment of gourmet restaurants and lively bars, state of the art conference facilities and last but not least, the magic of the sunset and Delos Island in the background. Saint John Hotel Resort imprints itself on every guest’s memory for excellence.

Contact details Agios Ioannis Beach, 84600,Mykonos, Greece Tel.: +30 22890 28752 Fax: +30 22890 28751 Website: www.saintjohn.gr Email: info@saintjohn.gr

224

Luxury Mykonos Hotel Resort Whether your visit to the idyllic, newly built Saint John Hotel Resort on Mykonos Island is for business or pleasure, the luxury hotel resort accommodation, both spacious and stylish, is designed to make guests feel completely at home, luxuriated and pampered. Customers can choose one of the 136 ultra luxurious and romantic rooms at this luxury beach resort in Mykonos or one of the 9 exclusive and private suites or one of the 3 magnificent villas with their own private swimming pool. Saint John Hotel Resort is the right place to be if you are interested in organising a fashion event. The Hotel takes great pride in having the capacity, the experience and the skills to organise great fashion events within its premises. This is why we have had the honour to host the 2015 Replay Fashion Show that was a superbly organised event of worldwide proportions. Saint John Hotel Resort can be the perfect host for events organised by big corporate firms. The spacious Conference Center is an up-to-date establishment offering services and equipment of the latest technology. The 450-seating center overlooks the sea offering great views and it is staffed with well-trained and experienced individuals. The luxury resort posted 2015 sales of 6.74 million euros against 6.61 million euros a year earlier. Pre-tax earnings inched down to 3.02 million euros compared to 3.23 million euros in 2014.

CREATIVE GREECE 2017 - TOURISM

Alkyon Resort Hotel & Spa

The opportunity to experience the pleasures of all seasons

Georgios Politis

Contact details Vrahati, 20006, Corinthia Tel: +30 27410 52010 Fax: +30 27410 51166 Athens Sales Office Tel :+30 210 6425393 Fax:+30 210 6457445 E-mail: resa@alkyonhotel.gr Website: www.alkyonhotel.gr

Alkyon Resort Hotel & Spa, ideally located in Vrahati, Peloponnese, near Corinth, just 120km from Athens Airport, is just 80m away from the lovely, crystal clear waters and fine pebbled beach of Vrahati, and simply offers its visitors the opportunity to experience the pleasures of all seasons. The Resort expands over 25 acres of land, offering a range of recreational activities. With luxurious and beautifully presented accommodation, the hotel’s rooms vary from standard to luxurious suites, as well as cozy maisonnettes and spacious apartments with fully equipped kitchenettes. The beauty and luxury of the environment are essential factors for human health as they stimulate both the body and mind. The modern ‘Sky lounge’ with comfortable sitting rooms, the ‘Sky Bar’, the ‘Sky Bar Restaurant’ and the 2 outdoor swimming pools with the combination of excellent services, are ready to offer visitors unforgettable enjoyment and delight. Fully equipped with state-of-the-art media and most featuring natural lighting, the 5 Conference halls ensure the best possible outcome of any gathering from a small meeting to a large conference, with maximum capacity of up to 1,100 people. The advanced servicesj offered guarantee successful conferences, exhibitions, meetings, gala dinners or social events. Relax in the award-winning SPA CENTER facilities and enjoy the innovative approach to well-being. Select through a variety of treatments and massages for a unique experience in relaxation and restoration. The luxury environment of the Spa Center offers a heated indoor swimming pool, a 6-pax jacuzzi, 2 saunas, Turkish bath (hammam), spa jet, gym, coiffure, cabins for facial and body treatments and lounge area. Take advantage of the wine-tasting at the regional wine factories, discover Ancient Corinth museum, browse the castle trails Acrocorinth, the largest castle in Peloponnese and visit the lake of Stymphalia, where Hercules achieved his sixth labor. Your stay will be enhanced by history, luxury and culture as the hotel is close to the ancient sites of Epidaurus, Mycenae and picturesque Feneos, as well as the artificial lake of Doxa and Trikala.

225

CREATIVE GREECE 2017 - TOURISM

GRECOTEL

Market leader with 4 % of the total Greek De Lux, A and B cat

Contact details 64B Kifissia’s Ave., GR-151 25 Maroussi, Athens, Greece Tel. +30 210 72 80 300 Email: contact@grecotel.com Website: http://www.grecotel.com

226

The name of Grecotel is synonymous with quality hotels, personalized service, traditional Greek hospitality and a caring concern for the environment and culture of Greece. Founded in 1975, by Mr Nikos Daskalantonakis, owner and President of the Group, Grecotel is today the largest hotel chain in Greece with 30 hotels and a total bed capacity of over 12,000 beds. Dedicated to mastering the craft of welcoming luxury in the hospitality industry, Grecotel delivers sophisticated lifestyle experiences for travelers in the country’s most beautiful destinations. According to Greek market statistics, Grecotel is the market leader with 4 % of the total Greek De Lux, A and B cat. Hotel turnover [source ICAP Hotel Study 2016] . The Grecotel hotels (4*and 5*) are located in the most established tourism destinations in Greece, like Crete, Corfu, Halkidiki, W. Peloponnese, Rhodes, Mykonos, Kos and Attica and the most vibrant city centers in Athens, Kalamata, Larisa and Alexandroupolis. The most recent opening of the group was Cape Bodrum Resort in Bodrum Turkey which opened its doors in 2015. Grecotel delivers lifestyle experiences that bring together a sense of place and intuitive service in Greece’s most sought‐after destinations. Grecotel’s product portfolio includes four distinctive hotel collections : Exclusive Resorts The designer collection of the Grecotel group where up‐market international travellers experience the very best in hospitality. These glamorous resorts are set in prime waterfront locations and feature unique architecture and design. Each hotel is a landmark in its respective destination and rated among the very best in the world. Exclusive Resorts offer superior accommodation in a wide variety of styles. Personalized service, high security and guaranteed privacy contribute to the guests’ well‐being. Crete: Amirandes & Caramel Boutique Resort. Mykonos: Mykonos Blu & Mykonos Blu Villas. Attica: Cape Sounio. W.Peloponnese: Mandola Rosa. Corfu: Corfu Imperial Luxury Resorts Are recognized for high quality service and facilities. A collection of luxury hotels and resorts with local character, which are distinguished by their elegance and residential charm, positioned at the top of each destination market. Crete: Creta Palace & White Palace. Corfu: Eva Palace. W.Peloponnese: Olympia Riviera Thalasso. Kos: Kos Imperial Thalasso Family Resorts Holiday resorts on beachfronts offer families and leisure travelers the highest level of service and facilities with a combination comfort and value for money. The Family Resorts offer either All Inclusive or the unique Premium Plus food & drinks package. Crete: Club Marine Palace & Club Marine Palace Suites, Meli Palace, Plaza Spa Apts, Leoniki Residence. Corfu: Daphnila Bay Thalasso. W.Peloponnese: Olympia Oasis, Ilia Palms, Lakopetra Beach. Kos: Royal Park. Rhodos: Rhodos Royal. Halkidiki: Pella Beach City Hotels Business hotels or city resorts in best city locations around Greece Athens: Pallas Athena Boutique Hotel, Vouliagmeni Suites. Kalamata: Filoxenia Hotel. Larisa: Larisa Imperial. Alexandroupolis: Astir-Egnatia Alexandroupolis Hotel Signatures What distinguishes N. Daskalantonakis Group properties from other destinations on the hospitality map? Landmark locations are just the beginning. From a villa on a secluded Aegean beach to a sumptuous suite overlooking an archaeological temple, a vibrant lounge for cocktails at dusk to a private cabana for secluded dinner, every setting is one‐of‐a‐kind. N. Daskalantonakis Group reinterprets today’s sense of history, modernity, tradition and innovation in a uniquely timeless fashion. Yet within each very individual hotel and resort, certain qualities are welcomingly consistent. Creativity, comfort and service are the signatures of every experience, with guest needs innovatively anticipated and graciously accommodated. Equally constant are the accolades our distinctive hotels earn in annual guest, travel associations and media awards. Inspiring Design The Group’s one‐of‐a‐kind hotels and resorts set the stage for romance, business, leisure and celebration. Intuitive Service Behind the amenities and beyond the design details lies signature service philosophy. With a mission to

CREATIVE GREECE 2017 - TOURISM

overlook no detail or desire, the entire staff is focused on delivering a seamless experience—for each guest and every request. Dining & Nightlife Acclaimed by top critics, the a la carte restaurants provide unique dining experiences. Every location reflects the ambiance and service of the individual property, featuring acclaimed chefs, local and international beverages, top‐quality ingredients and inspiring settings. Meetings & Events As a meeting destination, corporate retreat, or restful hideaway between presentations, the properties offer exceptional service and amenities to make meetings and events both successful and easy. The Group has over 40 years of experience in managing events ranging from European Summits to business meetings and conferences, social gatherings and memorable weddings. There is a comprehensive catering service for any event type—all with relentless attention to detail. Environmental Responsibility In 1992, Grecotel became the first Mediterranean hotel group to undertake eco‐audits in its hotels according to EU standards and formed an environment and culture department in its head office operations department. Grecotel is now a textbook example in leading tourism schools and universities. To demonstrate the group’s agricultural initiatives, the Agreco Traditional Estate opened in 2002 on Crete. The Privilege Club for loyal guests Was founded in 1996 as the first hotel loyalty scheme in Greece. In 2016 the Privilege Club was restructured and relaunched to build on the strong brand awareness of Grecotel Hotels & Resorts and promote the cross‐selling of the hotels. More than 165,000 families are members of the Privilege Club. The Counter Club for loyal travel agent partners It’s the Group’s travel agency incentive scheme, serving over 25.000 travel professionals of more than 8.000 travel agencies – members located in Central and Eastern Europe. ΑGRECO, The Farm The Agreco Traditional Farm opened its gates in 2002 in the village of Adele, near Rethymno, Crete. The farm covers 40 hectares and is owned by Nikos Daskalantonakis. The farm was established in order to demonstrate the traditional rural occupations which are threatened due to modern farming and livestock methods. It is also an environmental educational center for visitors from the local Grecotels, farmers and students as the methods are all based on organic farming. Agreco Farm, and related organic farms, supply the Grecotels on Crete with organic vegetables, salad produce, meats and wines. Visitors can take part in seasonal activities and dine in the Agreco taverna on a feast of Cretan dishes made exclusively from farm produce. The farm taverna has been awarded as the “Best Organic Restaurant” by Vanity Fair Magazine AWARDS Grecotel Hotels & Resorts have been awarded over 2000 international awards by guests, tourism organisations, tour operators and international associations for the quality of its hotels, upgrading of the Greek tourism product and for initiatives in the environmental and cultural field. Continual innovation, product development, standard and quality control ensure the continued growth of the Grecotel group.

227

CREATIVE GREECE 2017 - TOURISM

Louis Hotels SA

Operating 5- and 4-star hotels in Greece and Cyprus

Kostakis Loizos

Contact details 3 Stadiou St., Athens 105 62, Greece Tel.: +30 21 0374 9100 Fax: +30 210 3229950 E-mail: info@louishotels.com Website: www.louishotels.com

228

Louis Group is among the Mediterranean’s leading tourist and hotel groups, with more than 75 years of experience in the cruise field. As a member of Louis Group, Louis Hotels, with a legacy of more than 70 years in the hospitality sector, rank among the leaders in the hotel industry in Cyprus and Greece, with 4-star hotels in Cyprus and Greece and a 5-star hotel in Limassol, Cyprus, a 4-star hotel on Crete Island, a 4-star hotel on Rhodes Island, four and two 4-star hotels on Corfu and Zakynthos islands, respectively, and a boutique hotel on Mykonos Island. With a total of 19 4-star and 5-star hotels in Cyprus and Greece (including the Hilton Park in Nicosia, under the management of Hilton Hotels Cooperation, and the Mykonos Theoxenia, a luxury boutique hotel in Mykonos Town, member of Design Hotels), and over 12,000 beds in Paphos, Limassol, Protara, Crete, Corfu, Zakynthos, Rhodes and Mykonos, Louis Hotels offers a complete range of options to the modern visitor. Whether for family holidays, active holidays or simply a tranquil escape on a magnificent Mediterranean beach, Louis Hotels can satisfy every market segment, having a leading place in All Inclusive. Louis Hotels is synonymous with cost-effective holidays in Cyprus and the Greek islands. The firm’s long history and experience in the hospitality field allows it to have an in depth knowledge of the market, both in relation to the needs of business partners and guests’ expectations. In addition, Louis Hotels is renowned for its leadership and innovation in the all-inclusive catering sector in the Mediterranean region, with its hotels also famed for their friendly service and multilingual staff. The group recognizes that respect for the environment reflects respect for guests. Louis Hotels offer: ➤ Holidays at sea in popular destinations ➤ Hospitality ranging from casual elegance to chic boutique ➤ Authentic hospitality and unique dining experience ➤ Active, family or simply relaxing holidays Some of the Group’s hotels in Greece and Cyprus hotels can arrange for civil marriage ceremonies on their premises, offering special events for couples. In addition, selected hotels in Greece and all hotels in Cyprus can host conferences and business events. The hotel collections will help guests select the ideal hotel according to their budget. All hotels provide the Louis experience: warm hospitality, good value-for-money, experience of local life and friendly service by multilingual staff. The hotel collections include Boutique Collection, Premium Collection and Casual Collection.

CREATIVE GREECE 2017 - TOURISM

FAIAX SA, Μember of N. Daskalantonakis Group-Grecotel

One of the most profitable companies in the hotel sector FAIAX S.A., a member of N. Daskalantonakis Group-Grecotel, owns a portfolio of resort hotels in Corfu, Peloponnese, Crete, Rhodes and Halkidiki. The firm was founded in 1993, and back then it owned just one hotel, while it has now grown to include nine luxury and family resorts around Greece. All properties are managed by Grecotel S.A. Faiax has demonstrated significant growth in profitability and increasing occupancy rates throughout the past years. According to Greek market statistics, the firm ranked as one of the most profitable companies in Greece in 2014 and the most profitable company in the hotel sector. Hotels owned include: ➤ Corfu Imperial in Corfu ➤ Olympia Riviera Resort in Kyllini, Peloponnese ➤ Olympia Riviera Thalasso ➤ Olympia Oasis ➤ Mandola Rosa ➤ Ilia Palms ➤ Club Marine Palace, Panormos, Crete ➤ Rhodes Royal, Rhodes ➤ Lakopetra Beach, Kato Achaea, Peloponnese ➤ Pella Beach, Halkidiki

Contact details Kommeno, Gouvia, PO Box 306, Corfu 491 00 Τel.: +30 2661088400 Website: www.grecotel.com

229

CREATIVE GREECE 2017 - TOURISM

Hotels Collection – Hatzilazarou Group

Among the leaders in the hotel market

Ioannis Hatzilazarou

Contact details Lindos Princess Beach Hotel, Lardos, Greece, 851 09 Tel.: +30 22440 29230 Fax: +30 22440 29231 Email: info@hhotels.gr Website: www.hhotels.gr

230

The H Hotels Collection, owned by the Chatzilazarou family, native of Rhodes Island, comprises several carefully selected 4* and 5* hotels, some of them All Inclusive but all of them situated in unique locations. As they are run by a family business, all of the hotels reflect a real passion for Greek hospitality. The group’s first hotel, Rodos Princess Beach Hotel, was built in 1992 and since then the firm has continued to grow, earning a good reputation, each year welcoming returning guests from around the world. The summer of 2012 was another milestone for the company as it marked the opening of two brand new, five-star hotels, the Princess Andriana Resort & Spa and Boutique 5. The group also owns another two hotels, the Lindos Princess Beach Hotel and Princess Sun Hotel. Princess Andriana Resort & Spa has its way in making guests feel like royalties as they enter its brand new doors! Towering proudly above the Kardamis beach, the five-star establishment takes the notion of All Inclusive to a new quality level, with its modern rooms, optionally equipped with a private pool, great room service, a modern wellness center, elegant restaurants and bars. Boutique 5 opened its doors in 2012, with its 44 rooms offering unparalleled hospitality with attention to detail and fantastic architecture. Guests can enjoy the view of the endless blue horizon from all hotel spaces. The hotel views each guest as a distinct one, each meal as a celebration and each moment as unique. As for the spa, it is a work of art in itself! Lindos Princess Beach Hotel, occupying an impressive extent, has a modern style that reflects traditional Greek architecture. With beautiful gardens, several swimming pools for children and adults, a wellness center, restaurants, bars and shops, this All Inclusive hotel has it all! Princess Sun Hotel is located on a small hill full of pine trees, commanding panoramic views of the Kiotari coast. With swimming pools and water slides, activities and new renovated rooms, the hotel provides a friendly and spontaneous environment. This four-star, All Inclusive hotel is the best value for money, as it offers comfort and hospitality in a suburb location at good prices. In addition, the area offers many attractions, such as the traditional village Asclepius, just 5km away, the fantastic cosmopolitan town of Lindos (15km) and the Old Market of Rhodes (50km).

CREATIVE GREECE 2017 - TOURISM

Sapounakis Pantelis “Star Beach” SA

A leading force in Crete’s tourism sector Sapounakis Pantelis SA has since its establishment been engaged in the tourism sector in the region of Crete, with three hotels and a seaside fun park. Lyttos Beach Hotel in Hersonissos, Crete On one of the most beautiful islands in Greece, Crete, and within a 20-km distance from the airport of Iraklion, a heavenly garden awaits visitors in Hersonissos. In this famous holiday destination, the hotel can easily be compared to a heavenly scenery. Just 5 km from the town, hidden amongst vast, colourful gardens, in an area of 150 acres of palm trees and flowers leading to a 350 meter fully-organized, sandy beach, Lyttos Beach is unlike any other hotel on the island. Its 347 rooms with sea or garden view (double rooms, quadruple rooms, family rooms and suites), four swimming pools (one of Olympic size), two restaurants and two bars decorate this large area, leaving enough space for 15 tennis courts, a mini football pitch and a basketball court. Just 5 km away from the hotel, golfers can enjoy the most exciting 18-hole golf courts on the island, with magnificent views to the multi-colored Cretan mountains. Lyttos Beach is a mosaic created by sun, sea, sand, mountains, sports, fun and games, relaxation, fine international & Greek cuisine and friendly atmosphere. Ikaros Beach Luxury Resort & Spa Ikaros Beach Luxury Resort & Spa sits on a private beach in the region of Malia, and is very close to several attractions, including Stalis Beach, Palace of Malia and Lychnostatis. Nearby points of interest also include the Star Beach Water Park. Spend the day at the beach and get a dreaming tan in the sun loungers (chaise longues) or relax in the shade under fine umbrellas. Enjoy pampering in the full-service spa, and amenities at Ikaros Beach Luxury Resort & Spa, such as indoor pool and children’s pool. The 249 rooms at the Ikaros Beach Luxury Resort & Spa include safes, coffee/tea kettles and free high-speed Internet access. Rooms are equipped with flat TV screen with satellite channels. Bathrooms feature bathtubs or showers, hair dryers, and slippers. Housekeeping is offered daily.

Contact details Hersonissos 20, 71302, Heraklion Crete Tel.: +30 28970 29351 - 4 Fax: +30 28970 22981 - 21475 E-mail: info@starbeach.gr Website: http://www.starbeach.gr

Star Beach Village Offering direct access to the beach, the 214-room Star Beach Village is located in Hersonissos, with easy access to several attractions, including the Star Beach Water Park, Lychnostatis and Aquaworld Aquarium, as well as the nearby Stalida Beach. STAR BEACH WATER PARK The Star Beach Water Part is one of the first and most famous seaside fun-parks in Europe on a specially-designed, four-acre expanse in the most beautiful part of the peninsula. The Star Beach currently offers the best and most exciting moments of summer for you and your family.

231

CREATIVE GREECE 2017 - TOURISM

Caravel Hotels SA

Divani Caravel, member of the Leading Hotels of the World

Spyros Divanis

Contact details 2 Vassileos Alexandrou St., 161 21, Athens, Greece Tel: +30 210 7207000 FAX: +30 210 7253764 Website: www.divanicaravelhotel.com Email: info@divanicaravel.gr

232

The Divani Caravel hotel offers luxury and style in the heart of Athens. Located just minutes away from central Constitution square, and just a short walk from fashionable Kolonaki with its boutiques, famous cafés and restaurants, as well as all the major cultural spots such as museums, galleries and theaters, the hotel is the ideal base from which to visit the key attractions of this beautiful historic city. Caravel Hotels SA also owns and runs several other hotels, including Divani Apollon Suites, Divani Apollon Palace & Thalasso, Divani Acropolis Hotel, Divani Palace Larissa, Divani Corfu Palace and Divani Meteora Hotel. Divani Apollon Palace & Thalasso is the perfect place for a memorable stay in Athens, offering a prime location in the heart of the Athenian Riviera. This luxury hotel offers the only Thalassotherapy center in the Attica region, lavish guest rooms and suites, all with stunning sea views, a private beach, outdoor swimming pools, restaurants and bars and extensive business and events facilities. Divani Apollon Suites is a classy boutique hotel of the Divani Collection, located in the beautiful Athenian Riviera, bordering Divani Apollon Palace & Thalasso. This luxurious hotel offers the essence of European elegance. Divani Palace Acropolis enjoys a priceless location right by the world-famous Acropolis, the perfect place to savour Athens’ fascinating history. This stunning hotel offers elegant rooms and suites, an outdoor pool with bar, and delicious dining in the summer Roof Garden restaurant with enchanting views of the ancient heritage. Top-notch meeting rooms and romantic banquet rooms make the hotel ideal for business meetings or a truly memorable event. Divani Palace Larissa hotel, ideally located at the heart of the commercial centre, just minutes away from the city’s main square and just opposite Larissa’s ancient theatre, has reopened since late 2005 and has become Larissa’s new luxurious meeting point. The Divani Corfu Palace is a modern 4-star luxury hotel in Corfu, situated on the green wooded hillside of Kanoni, overlooking the pristine waters of the lagoon. Only 3km from Corfu town center and 1.5km from the beach of Mon Repos, this luxury hotel provides the perfect location for those who wish to be near Corfu town’s activities and famous historical center, but crave the beauty and seclusion of the surrounding hills. As one of the Divani Collection luxury hotels in Greece, Divani Meteora hotel offers guests the opportunity to enjoy traditional Greek hospitality in a contemporary setting. The fully renovated hotel in Meteora is surrounded by immense natural beauty, the religious rocks of Meteora, encouraging outdoor enthusiasts to come and escape. The hotel offers a stunning locale from which, one can experience one of the natural wonders of the world, practically in front of their room window. This beautiful hotel is a 4-hour drive from Athens on a good road.

Chosen by the gods!

Odysseia day excursions

Nidri - Lefkas Greece

Sun, Fun, Greek history and a delicious beach barbeque Make this a day of your holiday you will never forget! Email: odysseia2012@hotmail.com. Captain Gerasimos +30 6932 310 975

new times 27

CREATIVE GREECE 2017 - TOURISM

RADISSON BLU PARK HOTEL ATHENS

From 1/1/2012 and with new name the park hotel welcomed the upper scale world’s largest hotel chains

Mary Deverikos

The Carlson Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announced the Radisson Blu Hotel, Athens: The existing Athens Park Hotel will has been rebranded as Radisson Blu Park Hotel Athens on December 16, 2011. The property featuring 152 rooms is Rezidor’s very first hotel in Greece – the company is now present in Europe, Middle East and Africa. “Despite the recent crisis and still challenging times in Greece, hotels in the capital city Athens perform well. We are glad to arrive in Athens and to further strengthen our development in South East Europe”, said the President & CEO of Rezidor. Radisson Blu Park Hotel was fully renovated in 2009/2010, including most guestrooms and all public areas. Today, the property comprises 152 guest rooms, Gallo Nero restaurant, The Oak Room bar, St’Astra rooftop restaurant, and three conference rooms. It also features a rooftop swimming pool with stunning views across Athens and its famous Acropolis. The location of the hotel is in the northern part of the city centre, on Alexandras Avenue, which is one of the city’s main avenues and offers excellent access to the airport and surrounding area. The hotel is situated opposite “Pedion Areos”, the Athens largest park, and next to the National Archaeological Museum. The immediate neighborhood was redeveloped for the 2004 Olympics and is home to many offices and embassies. Athens’ old centre, the Acropolis, numerous museums and Kolonaki Square are all within walking distance. The owner’s statement Park Hotel is a leading deluxe hotel in Athens, operating for the last 40 years. The hotel has been through a major renovation during 2010 and is inspired by an urban nature concept with modern and innovative design throughout its premises. By joining the Radisson Blu family we look forward to a fruitful cooperation and future business development worldwide.

Contact details Alexandras Avenue 10, 10682 Athens, Attica Greece Tel.: +30 210 8894500 Fax: +30 210 8238420 Website: www.rbathenspark.com E-mail: info@rbathenspark.com

Vassilis & Mary Deverikos Carlson Rezidor Hotel Group Carlson Rezidor Hotel Group is one of the world’s largest and most dynamic hotel companies. It has an expanding portfolio of 1.400 hotels in operation and under development, a global footprint covering 115 countries and territories, and a powerful set of global brands: Quorvus Collection, Radisson Blu, Radisson, Radisson RED, Park Plaza, Park Inn by Radisson and Country Inns & Suites By Carlson. For more information on Rezidor, visit http://www.carlsonrezidor.com

234

CREATIVE GREECE 2017 SHIPPING

CREATIVE GREECE 2017 - SHIPPING

th place in Lloyds list

JOHN ANGELICOUSSIS

Angelicoussis Shipping Group

Not much more than a decade in existence, Maran Gas Maritime is now viewed as one of the very best LNG carrier managers around

Top Greek owner still believes in playing the long game JOHN Angelicoussis steams serenely on as the world’s largest purely private and independent shipowner. It was not always so. Back in the 1980s, his father ushered the dry cargo operation into an initial public offering that put Mr Angelicoussis at the helm of a publicly traded vehicle for 15 years. While the Greek owner is too wise to say “never”, his mantra now is “if you don’t need it, don’t use it”. Mr Angelicoussis clearly likes to be master of his own destiny and so far, despite the giddying size reached by the Angelicoussis Shipping Group, he has not needed to reach out to the capital markets. Also, he equates public money and investment funds with binges of overordering that have ruined the freight market. There are resemblances to the “old ways” of traditional Greek shipowners in Mr Angelicoussis’ approach but these are not necessarily the all-defining characteristics of a group that includes a 32-ship liquefied natural gas carrier fleet as one of its three branches. Not much more than a decade in existence, Maran Gas Maritime is now viewed as one of the very best LNG carrier managers around and is one of the owner’s chief sources of pride. Its development illustrates a number of aspects of the Angelicoussis approach that can be discerned across all its sectors of business. The origin of Maran Gas lay in a lightningfast decision to pick up two LNG carrier newbuildings in 2004 because they were at an attractive price and on the market. The expansion in LNG has been rapid and determined, with all but the first five units having been ordered since 2010. But the boldness of the investment has been hedged through longterm chartering of the vast majority of the vessels. In addition, a joint venture with Qatar’s Nakilat has housed a number of the vessels. Although this has moderated the group’s exposure, the co-owned vessels remain 60%-controlled by the Greek owner. As well as longer-term charters, diversification is a key principle to spread the risk of the owner’s seeming addiction to big, modern vessels. Last December, Mr Angelicoussis acquired seven newbuilding capesizes at prices of about $35m apiece, a huge discount to their ordered prices, reputed to have been about $54m to $55m each. Of the 52 bulkers under dry arm Anangel Maritime Services, four are very large ore carriers, 40 are capesizes and the remainder so-called ‘baby’ capesizes of 114,000 dwt. According to Mr Angelicoussis, the first capesize orders by the group were “disastrous”, as the value of the vessels swiftly plunged, but they also offered an object lesson that the investment would turn out well over the long term if the ships are kept. At the same time, the group has been investing in big tankers for its Maran Tankers operation, with a programme of 10 very large crude carriers and six suezmaxes at favoured builder

236

Daewoo. If there is a ship with which Mr Angelicoussis is most identified, it is the very large crude carrier, which he describes as the easiest of vessels to operate and fix, as well as being the cornerstone of crude tanker market fortunes. If recent, rare public pronouncements are to be believed, he discerns good reasons for taking a positive view of the outlook for each of his three chosen sectors — LNG shipping, tankers and dry bulk. Indeed, he favours further growth rather than inaction for the Angelicoussis Shipping Group. While many shipowners have made a point about diversifying heavily into other sectors, Mr Angelicoussis cites cautionary experiences that suggest it is better to stick to what he knows. “In the shipping industry, I know how to correct my mistakes,” he said at a Marine Money forum in New York in 2016. “If you have good relationships with first-class yards and then you have clout, you can always correct mistakes.” Those close to Mr Angelicoussis say the owner is harder-working than ever and he has said he is, if anything, increasingly passionate about the shipping business. Stamina is an important ingredient on the business side, too. “You have to stay there for the long run, as you may enter the cycle at the wrong time,” he said. “Many people throw in the towel when they shouldn’t. The market quickly changes.” Although Mr Angelicoussis seems as vibrantly involved in the business as ever, he declares himself proud of his daughter Maria, who has been working alongside him for more than nine years, after initially pursuing a medical career. He says they work together “very nicely”, although he says his daughter is “more conservative” than he is when it comes to investment decisions. Mr Angelicoussis also appeared in the Top 100 in 2010, 2011, 2012, 2013, 2014 and 2015.

CREATIVE GREECE 2017 - SHIPPING

th place in Lloyds list

Dynagas

GEORGE PROKOPIOU The joint venture may stand Mr Prokopiou’s group in good stead for future business with Chinese powerhouses.

Dynacom and Dynagas founder is as dynamic as ever

LIKE all the legendary shipowners, George Prokopiou has proved his appetite for risk on more than one occasion, but he can also take his time building up a position in new markets. That has been the case with the rise of his Dynagas franchise in liquefied natural gas shipping. When it was launched with a trio of newbuilding steam turbine LNG carriers in 2006-2007, the Greek owner was initially content to trade the vessels in the fledgling spot market, building up vast operational experience of different charterers and terminals around the world. He also had the foresight to order vessels capable of trading in ice-bound regions. The result is a unique ice-class and winterised fleet that can provide conventional LNG shipping as well as operations in sub-zero areas. Dynagas remains the only company — as of end-2016 — with current capability and experience of transiting LNG carriers via the Northern Sea Route. Dynagas Holdings, the owner’s private company, now boasts a fleet of four LNG carriers in service, while another six have been dropped down to New York Stock Exchange-listed affiliate Dynagas LNG Partners. Currently the vessels are on charter to Gazprom, Shell, Statoil and Yamal. The publicly listed LNG partnership, led by Mr Prokopiou’s son-in-law, Tony Lauritzen, was one of the bettertrading shipping stocks in 2016. Dynagas has an enviable backlog of secure charter revenues but it has not lost its interest in the growing spot market in LNG. It is a pivotal member of the Cool Pool, the LNG carrier pool of three companies — also including GasLog and Golar LNG — that was launched in 2015. The alliance proved its clout in the past year, helping itself to nearly one-third of all spot fixtures. Mr Prokopiou has had a keen interest, too, in the floating storage and regasification unit sector for some time and has twice come close to ordering landmark regasification vessels in China. The latest project, for two such vessels at HudongZhongua Shipbuilding, was reported by Lloyd’s List in June 2016. While it has not yet been put into effect, it is “still a project”, the owner advises. The group’s pioneering position in Arctic LNG shipping helped Dynagas to emerge as a key shipping partner for Russia’s Yamal project. With the support of long-term charters to Yamal, it is building five Arc-7 ice-breaking LNG carriers in Korea for delivery in 2017 and 2019. Subsequently, 51% of each of the $300m newbuildings have been sold to two Chinese partners, China LNG Shipping and Sinotrans, with Dynagas remaining the largest single stakeholder with 49%. The joint venture may stand Mr Prokopiou’s group in good stead for future business with Chinese powerhouses. However, he is already to the fore among western shipowners in terms of his standing in China. Much of his Dynacom Tankers fleet and the bulker fleet of

dry arm Sea Traders have been constructed at Chinese yards — to the tune of about $3.6bn. While the flow of Chinese finance for western shipowners has slowed in the past couple of years, Mr Prokopiou recently sealed his first finance from this source with a $195m facility from China Export- Import Bank for six suezmax tankers under construction at New Times Shipbuilding. He also holds options for a further six suezmaxes at the yard. The vessels, Dynacom’s first newbuilding orders for a while, will join a fleet currently standing at 51 tankers. Sea Traders, meanwhile, has reached 40 ships that were all bulkers until two 2010-built panamax containerships were snapped up in 2016. This was a reminder that while much of Mr Prokopiou’s business has been built up with steady planning and ambitious newbuilding programmes, a strong streak of opportunism remains alive. At 70, the owner remains as dynamic as ever, whether it is handling his own yacht or jetting around the world for business. He has also emerged as a strong voice for industry fundamentals, prized at conferences for his plain speaking and dry humour. Three of his daughters — Elisavet, Ioanna and Marina — are already wellestablished in the business, while Mr Prokopiou has recently been seen proudly escorting his youngest, Maria-Elena, to key industry events. It is hard to imagine a better guide to the business. Mr Prokopiou also appeared in the Top 100 in 2012, 2013, 2014 and 2015.

237

CREATIVE GREECE 2017 - SHIPPING

ANGELIKI FRANGOU

th place in Lloyds list

Navios

Navios Group has four publicly listed companies.

Group leader epitomises the phrase ‘when the going gets tough, the tough get going’ ANGELIKI Frangou, the leader of Navios Group and doyenne of Greek shipping, has her work cut out for her. Following several busy years amassing a diversified fleet of oceangoing vessels (140, at the last count), she is now playing defence against brutal headwinds for dry bulk carriers and containerships. Nothing she has not seen before, except on a bigger scale and with public shareholders to be held accountable. On the plus side, Navios Group started 2016 with only two newbuilding deliveries, and it is poised to enter 2017 with no outstanding capital expenditure. The absence of newbuilding orders will go a long way for parent entity Navios Maritime Holdings to shore up its balance sheet. Navios Holdings has already taken concrete steps to reduce its liabilities. With the help of a $70m fully collateralised loan from a daughter entity, it was able to tender for $61m in face value of preferred shares and repurchase $59m in face value of corporate bonds. The total cost to retire $120m of liabilities was only $39m in cash, plus the issuance of 7.6m of common shares. In a purely financial transaction, Ms Frangou exhibited the entrepreneurial ingenuity typical of independentminded Greek shipowners. On the minus side, Navios Holdings faced a revolt from common shareholders when the first attempt to obtain the intercompany loan was perceived as under-collateralised. In its defence, Navios Holdings took ownership of the mishap by terminating the original agreement and entering into a new agreement to all parties’ satisfaction. Navios Group has four publicly listed companies. Parent company Navios Maritime Holdings owns 40 bulk carriers and operates an additional 26 vessels under long-term charters, most with purchase options attached. Navios Maritime Acquisition owns a fleet of 36 crude oil carriers, petroleum product tankers and chemical tankers. Navios Holdings has a 46.3% share ownership of Navios Acquisition. Navios Maritime Midstream Partners is a master limited partnership that owns six very large crude carriers. Navios Acquisition is its sponsor and general part-

238

ner. Navios Acquisition also has a 57.9% limited partner interest. Last but not least, Navios Maritime Partners owns 32 vessels (24 bulk carriers and eight containerships). Navios Holdings is its sponsor and general partner and it has an 18.1% limited partnership interest. The two tanker entities have performed well in 2017, with Navios Acquisition generating $44.8m during the first nine months of the year, and Navios Midstream earning $18.8m during the same period. Both companies have kept their dividend payouts intact. On the other hand, Navios Partners has not reinstated cash distributions to unit holders following their suspension at the end of 2016. Reflecting adverse conditions for dry bulk carriers and containerships, the partnership reported a net loss of $50.5m for the first nine months of the year. That figure included a combined $36.5m in impairment charges and losses on vessel disposals. The weakest link of all has been the parent company. Navios Holdings reported a loss of $61.4m for the first nine months of 2016 and had to suspend all dividends, common and preferred. As for plans for a separate listing of Navios Logistics, which is currently housed under the parent company, they have decidedly taken a back seat, following a dispute with Vale over a 20-year ‘take or pay’ port services contract. The contract would generate annual earnings before interest, taxes, depreciation and amortisation of $35m. The dispute is currently under arbitration proceedings. Ms Frangou owns 28.5% of Navios Holdings and has no stake holdings in the daughter companies. The group structure is free of any management fees to third-party related entities, a thorny issue for many of its peers. She has a substantial part of her net worth aligned with the interests of public shareholders. As difficult a year as 2017 is shaping up to be, Ms Frangou remains the most capable executive to steer her empire to calmer seas. Ms Frangou also appeared in the Top 100 in 2010, 2011, 2012, 2013, 2014 and 2015.

CREATIVE GREECE 2017 - SHIPPING

th place in Lloyds list

DryShips

GEORGE ECONOMOU While Mr Economou slips a few places in our rankings, overall his footprint in shipping remains undiminished.

Chief executive eyes clearer skies for DryShips but power now resides in private empire CAPITAL markets are unlikely to have lost their lustre for George Economou, even though his two Nasdaq-listed companies, DryShips and Ocean Rig, have had a torrid time of it recently due to the woes of the dry bulk market and the collapse of the offshore rig market. DryShips, in particular, has absorbed more man-hours and personal treasure than the Greek magnate would have wished. But, as the end of 2016 approached, much of the acrid smoke surrounding the company seemed to be clearing. Mr Economou has faced criticism for the extent of related party transacting with DryShips. At the same time, he has made the difference in keeping the company in business until today. In the past, this has included stumping up substantial fresh equity and stepping up to the plate to buy many of DryShips’ vessels at market prices. More recently, though, it has been through providing new credit to the publicly quoted entity and cutting deals with lenders to buy existing loans at a discount. It took a year to reach an agreement with a majority of the company’s banks but by December 2016, DryShips was able to announce that more than 90% of the outstanding debt is in the hands of its founder. The company sounded confident of reaching amicable settlements with the commercial banks holding the remaining $16.5m of debt not yet bought by Mr Economou. Nor has the old ingenuity disappeared. Seemingly from nowhere, a few days before the bank deals were reported, DryShips unveiled a deal with Kalani Investments that eventually saw the company raise $100m from issuing new shares. The funds from the outside investor, said to be linked to a Canadian group that has previously invested in the company, can be used for general purposes and for repaying indebtedness. A fleet of 13 panamaxes with an average age of 12 years and six offshore support vessels is a far cry from DryShips’ heyday. But with Mr Economou firmly in control of its debt, the company seems to be off the danger list and the intention is likely to be to flaunt it as a clean platform for

reinvesting in a brightening dry bulk market sometime in 2017. Currently, the publicly listed shipping company represents the alltoo-visible tip of the iceberg of Mr Economou’s shipping activities, as the balance has shifted decisively towards his private empire. His TMS group now controls a fleet of 81 privately held vessels of about 10.8m dwt, with another 20 on order for delivery by the end of 2017. The fleet is well-diversified, with 41 bulkers, including 30 capesizes that make Mr Economou the second-largest Greek capesize owner, 34 tankers, five liquefied natural gas carriers, and a single containership. Mr Economou’s main exposure to the suffering boxship market is as a significant investor in John Coustas-led specialist containership company Danaos. Further diversification is in store with the arrival of four very large gas carrier newbuildings from Hyundai Samho Heavy Industries but the orderbook mostly comprises tankers, with just two newcastlemax bulk carriers rounding it out. Any further expansion is likely to be opportunity-driven, although on a more strategic note, Mr Economou and son Christos, who has had oversight of the gas side, may very well seek to expand the group’s foothold in LNG shipping if the stars align. Fallout from the shipowner’s arm-wrestling with DryShips’ banks is hard to detect. There is “no bad blood”, say insiders and all but four of the newbuildings are said to have been financed well in advance. Another grueling year lies ahead. The dire offshore market has left half the fleet of Ocean Rig cold-stacked in Greece and Mr Economou secured delivery postponements for two of three further drillship newbuildings built by Samsung Heavy Industries. It has already been hinted that Ocean Rig might require substantial loan restructuring. While Mr Economou slips a few places in our rankings, overall his footprint in shipping remains undiminished. Mr Economou also appeared in the Top 100 in 2010, 2011, 2012, 2013, 2014 and 2015.

239

CREATIVE GREECE 2017 - SHIPPING

th place in Lloyds list

GasLog/Ceres Shipping

PETER G. LIVANOS Mr Livanos is still looking to grow the fleet and is eyeing a tightening market for LNG vessels as new projects come on stream.

While the industry stalwart still operates a diversified maritime business, his core focus is LNG shipping LIKE his father George P. Livanos before him, Peter Livanos has always been involved in a variety of shipping sectors. Today, though, his focus in the shipping business seems increasingly to be sharpening in favour of liquefied natural gas. At the end of 2015, he resigned the chairmanship of Euronav, after leading the tanker giant’s initial public offering in New York from that position. By early 2016, he had sold out the remainder of his ownership position of the Belgium-based very large crude carrier and suezmax owner and there is little sign of any specific intention to return to the tanker sector. Dry bulk company DryLog still has around 20 bulkers, according to databases, including legacy Japanese-built and owned longterm hire-purchase vessels. Mr Livanos has also had a stake in Dry Bulk Handy Holdings, a longstanding joint venture with Chile’s CSRV. The bulkers are commerciallymanaged by CTM, nowadays led by cousin John Radziwill, who took over the pooling company in 2013. Altogether there are “a few too many” bulkers for his liking. “I wish we had less of them at this point in the cycle,” Mr Livanos said, although he envisages keeping a presence in the dry cargo market. Meanwhile, there seem to be no immediate plans to reinvest in oil tankers in any big way. Mr Livanos is unsure that shipowners are being compensated sufficiently for the risk of owning crude oil tankers. Euronav had been overwhelmingly the vehicle for his tanker investments since 2005, when Mr Livanos sold his tanker fleet to the Belgium-based company for about $1bn in cash and stock. In the energy shipping field, though, Mr Livanos is concentrating his attention on GasLog, the Monaco- and London-based LNG shipping company he founded and currently chairs. “In my mind, in my family’s mind, LNG is absolutely the future of shipping,” he said. “The core focus is on developing the LNG business. We have a very good macro story for the next 10 years. Gas as a transportational fuel is even more exciting.” Through GasLog,

240

Mr Livanos is one of the movers and shakers in LNG shipping. The company currently owns 13 LNG carriers in operation and another five on order, while spin-off GasLog Partners owns a further nine vessels. In total, the fleet including newbuildings gives it an estimated 5%-6% share of the total LNG shipping market. The company has always been one of the more bullish in terms of market prospects in the whole LNG sector and last year went public with its goal of controlling a fleet of at least 40 vessels by 2017. That now looks unlikely, as the pace of expansion has slowed against the backdrop of a softer LNG charter market, but there is still a sense of a gathering force. Mr Livanos is still looking to grow the fleet and is eyeing a tightening market for LNG vessels as new projects come on stream. The company has been expanding its portfolio of charterers, recently ordering a ship at Samsung Heavy Industries for seven-year charter to Centrica, a first-time client. It has also targeted an entry into the floating storage regasification unit business, whether though ordering purpose-built FRSUs or converting one or more of its existing vessels. Progress on a couple of projects had reached the point late in 2016 where the company was able to announce an order for $16m worth of long lead equipment items needed for a conversion at Singapore’s Keppel Shipyard. Never one to seek the limelight, Mr Livanos nevertheless led the flotation of GasLog in 2012 and also took over chairmanship of Euronav in 2015. The stints at leading both publicly listed companies were part of a bid to differentiate them from other stock-listed shipping firms that, in Mr Livanos’ view, in some cases suffer from poor governance. “People are paying a premium for governance and I think they are paying a premium for governance and transparency,” he said Mr Livanos also appeared in the Top 100 in 2011, 2012, 2013, 2014 and 2015.

CREATIVE GREECE 2017 - SHIPPING

th place in Lloyds list

Star Bulk

PETROS PAPPAS Perhaps the best quality that describes Mr Pappas is the respect and loyalty he gets from his investing partners, and his employees.

One of the most astute dry cargo shipowners of his generation is a realist first and foremost PETROS Pappas, one of the most astute dry cargo shipowners of his generation, is a realist first and foremost. As long as he takes care of things under his control, he can wait for the rest to fall into place. As he steers his company through the worst crisis in dry cargo shipping in recent memory, if not ever, he understands that demand growth by itself would not be sufficient for a swift return to better, more profitable days; shipowners have to pitch in too, by continuing to aggressively scrap their older tonnage. Although optimistic, he warns his peers about complacency with each market uptick. “I think there is a basis to become very positive about the market after 2018 or 2019, but for 2017, I don’t see a reason to be that positive. The additional dwt capacity to enter the market in 2017 will require incremental demand of 4% to 5%, which we will probably not see,” he said at a recent conference call. He went on only to add: “The problem is if we become very positive about the market, people might stop scrapping, not to mention potentially [start] ordering. If we stop scrapping, it will delay a sustained upturn in the market.” Star Bulk Carriers, his primary shipping conduit, in conjunction with partner and majority shareholder Okatree Capital Management, has definitely lived up to its end of the bargain when it comes to vessel disposals. From a peak of 103 vessels, Star Bulk now owns 73 vessels, including five under construction. Many of the vessels disposed were 1990s vintage ships sold for demolition. Today, Star Bulk owns

just two 1990s-built bulk carriers. When it comes to his other ventures with Oaktree, Oceanbulk Containers and Product Shipping & Trading, 2016 was a quiet year from a sales and purchase point of view — aside, of course, from the seemingly neverending OW Bunker legal saga. Product Shipping and Trading still owns 17 product tankers, while Oceanbulk Containers will own a total of 13 containerships by the end of 2017. It would be interesting to see how the five vessels that were scheduled for delivery at the end of 2016 (two) and during 2017 (three) will be employed, given the recent turmoil in the containership sector. These units were originally ordered without fixed charters attached. The only real activity on the S&P front was the sale of two very large crude carriers under construction to Euronav. The vessels were ordered under the umbrella of Madison Crude Carriers, a partnership with private equity firm Monarch Alternative Capital. They were sold last July, following Monarch’s apparent exit from the shipping sector. Perhaps the best quality that describes Mr Pappas is the respect and loyalty he gets from his investing partners, and his employees. He is known for never raising his voice, and always seeking the opinion and counsel of his co-workers. He also wants to treat his public shareholders right. Star Bulk achieved the highest corporate governance ranking among its peers in the most recent Wells Fargo survey. Mr Pappas also featured in the Top 100 in 2013, 2014 and 2015.

241

CREATIVE GREECE 2017 - SHIPPING

th place in Lloyds list

Tsakos Energy Navigation

NIKOLAS TSAKOS Its ongoing 15-vessel newbuilding programme is the most dynamic in the company’s history

Intertanko chairman is an owner who practices what he preaches with his company TEN NIKOLAS Tsakos has brought to the role of Intertanko chairman a clear message aimed at preserving tanker market health combined with a flair for humour honed over three decades of presenting the industry to the capital markets. It is difficult to recall the message — that owners should refrain from speculative ordering of new tankers — being promoted quite so consistently and conspicuously by a major industry player. At a Posidonia 2016 forum, for example, Mr Tsakos used his trademark sardonic wit to suggest, tongue-in-cheek, that Intertanko supported a “virtual newbuilding addict centre”. Owners tempted to repeat offend by placing new orders could be taken to the centre in a rented area at troubled Korean yard STX “to relive the experience of breaking a champagne bottle, take a photo, eat kimchi and sushi, and we will have mamasan and karaoke”. They could then “go home happy” but the market would suffer no harm from piling up unwanted capacity. Ridicule can be a powerful weapon, but Mr Tsakos has also demonstrated his sincerity through his own actions. His company, Tsakos Energy Navigation, has scrupulously laid off ordering fresh tonnage unless part of a project with an end-user. Its ongoing 15-vessel newbuilding programme is the most dynamic in the company’s history but the spree does not include a single vessel that owes its origins to a Tsakos contract without employment cover. By October 2016, about half the new vessels had been delivered, with eight more tankers scheduled to join the fleet over the following five quarters,

242

boosting the company’s minimum secured income to $1.5bn, providing healthy cash visibility going forward. Including those vessels still under construction, TEN’s fleet consists of 65 doublehull vessels, with 45 vessels trading in crude, 15 in products, plus three shuttle tankers and two LNG carriers. The expansion includes a series of nine purpose-built aframax tankers ordered with the backing of long-term charters to Statoil. Also delivered in October was the company’s second LNG carrier, Maria Energy, which has been employed for a minimum 18 months and maximum three years to Cheniere Energy, generating gross revenues in excess of $70m if options get exercised. The delivery of its second LNG carrier came only a few weeks after the first vessel, Neo Energy, secured its own medium-term charter. TEN now looks better placed than before to expand its LNG activities. Mr Tsakos says the mediumterm goal is to turn TEN into “a much more industrial company”. Reflecting this, management has been aiming to maintain a commercial balance for the New York Stock Exchange-listed tanker owner so that 70% of the company’s fleet is employed on longer-term business that will cover TEN’s costs, leaving spot market earnings to go straight to the bottom line. Mr Tsakos is also a keen advocate of profit-sharing arrangements between owners and charterers, ensuring that tanker owners are properly paid for their risk and efforts, but long battles with clients are avoided. Mr Tsakos appeared in the Top 100 in 2012, 2013, 2014 and 2015.

CREATIVE GREECE 2017 - SHIPPING

th place in Lloyds list

Costamare

KOSTIS KONSTANTAKOPOULOS While conditions in the sector are depressed, Costamare has an enviable reputation as an operator

Leader has fortified his company against a brutal boxship market FOR those who do not already know Kostis Konstantakopoulos, he is among the industry leaders they are less likely to meet any time soon on a conference panel or at a party. The 46-year-old engineering graduate has long shown he is a believer in actions speaking louder than words and generally he lets others do the talking in public. Insiders say Mr Konstantakopoulos prefers to focus on the fundamentals and is a straight-shooter who is always as good as his word. His company, New York Stock Exchangelisted containership specialist Costamare Inc, has certainly been active. The award-winning owner has expanded and renewed its fleet steadily in the past few years, producing stellar financial results. In 2016, it took delivery of its largest-ever vessels, a series of five 14,424 teu ships that have gone on to 10-year charters to Evergreen and will lift the company’s earnings capacity. The quintet are among more than $1bn worth of investments the company has made with US hedge fund York Capital Management under the pair’s framework agreement for co-investing in the sector and Costamare holds a 40% interest in each of the new vessels. The investment period governed by the agreement has been extended to 2020 and, despite a weakening of sentiment generally in the container shipping market, the partnership is said to be live and with appetite for further acquisitions if the opportunities are compelling. For the most part, however, the past year has showcased the fact that Mr Konstantakopoulos and his team can play defence as well as offence. The owner decided to trim its dividend payouts to help fortify itself against the consequences of a deterioration in containership market conditions. By October, the company had completed debt financing agreements covering $760m through raising new loans as well as refinancing or extending existing debt. That included deals with lenders to

extend for three years about $400m of debt maturing in 20172018. New loans included $40m raised on existing vessels that were previously debt-free and about $170m of newbuilding finance, lately a new three-year facility of $87m to finance yard installments on two of the six newbuildings still on order for the company. Costamare’s orderbook includes two 3,800 teu vessels being built for long-term charter to Hamburg Sud, but the most recently financed duo are among a series of 11,010 teu ships that, approaching the end of 2016, had no secured employment. Against the backdrop of a poor containership chartering scene, that speaks highly to Costamare’s clout and reputation. More defensive coverage resulted in the owner securing an agreement with Hanjin Heavy Industries in the Philippines to defer delivery of the four remaining 11,010 teu vessels until the first quarter of 2017. While conditions in the sector are depressed, Costamare has an enviable reputation as an operator and has relationships of more than 20 years with several of the largest international container lines. But it has also been selective in its counterparty choices. That stood Costamare in good stead when Hanjin Shipping collapsed in 2016. At the time, the Korean company was the only one of the top 10 global carriers with which Costamare had no chartered tonnage. Mr Konstantakopoulos and his family have shown they aim to support Costamare from the front when necessary. The family, which controls about 66% of the company, has opted to reinvest all dividends in the past couple of quarters under Costamare’s new dividend reinvestment plan, whereby any shareholder can voluntarily take dividends fully or partly in the form of additional shares. Mr Konstantakopoulos appeared in the Top 100 in 2010, 2011, 2012, 2013, 2014 and 2015.

243

CREATIVE GREECE 2017 - SHIPPING

th place in Lloyds list

THEODORE VENIAMIS

Union of Greek Shipowners

The UGS president has tirelessly insisted on the importance of the shipping industry remaining in Greece

Union president has tirelessly insisted on the importance of the shipping industry remaining in Greece THEODORE Veniamis has been president of the Union of Greek Shipowners, the world’s most important national shipowners’ body, since 2009. His reign as Greek owners’ leader has coincided snugly with both mayhem in the shipping markets and meltdown in Greece’s economy, making his role an even tougher one than faced by some of the previous 15 incumbents in the job. But Mr Veniamis is clearly seen by his peers as the right man for defending the Greek shipping community’s interests in tough times. UGS members went so far as to vote through a special provision allowing him to be elected for a third three-year term, beginning in February 2015, when the body’s rules since 1974 had restricted its leaders to a maximum of two terms in office. He understands the weight of Greek shipping history on his shoulders. At a major celebration of the UGS centenary in Athens in November 2016, he said every president in the association’s history had put his individual stamp on the role. However, the strength of the UGS was its collectivity. It has been consistent over the years in standing up for free trade and not asking for any favours. “Shipping is the only sector of the national economy where [Greece] can be a champion, as long as it is allowed to remain competitive,” Mr Veniamis told an audience including the country’s head of state, president Prokopis Pavlopoulos, and prime minister Alexis Tsipras. Mr Tsipras went on to praise the Greek shipowning community for its ability to make the right moves at the right time and he urged shipowners to show faith in Greece by investing in the country. Since early 2015, Tsiprasled coalition governments have significantly moderated their approach to the shipping industry, having initially called for swingeing increases in taxation on owners. Inside maritime circles, Mr Veniamis’ negotiating skills have been given much of the credit for this. The UGS president has tirelessly insisted on the importance of the shipping industry

244

remaining in Greece but lately this has been threatened by an EU investigation into Greece’s tonnage tax system. While it was expected that the European Commission within 2016 could launch a formal case against Greece for allegedly violating guidelines on state aid, a new round of consultations between the two sides was set to delay any final decision on how to handle the case into 2017. Mr Veniamis makes it plain that he sees the probe not only as an attack on Greek shipping in its homeland but as a faux-pas by Brussels that has the potential to undermine European shipping. He has warned the relevant EC Commissioners that overzealous application of the guidelines on maritime transport could spark an exodus of shipping to the Far East. Partly this is a reflection of the enduring strength of Greek shipping. According to the 2016 Unctad Review of Maritime Transport, there is a more than 60m dwt gap in capacity between the top-ranked beneficially owned Greek fleet, the world’s largest, and the Japaneseowned fleet in second place. Moreover, Greek owners represent almost 50% of the EU fleet. Added to this, though, Mr Veniamis has made calculated references to the “legal tricks” surrounding shipping taxation in other European countries, hinting that Greeks are not the only European owners with cause to be nervous if Brussels seeks to tighten the screws. Others are watching the affair closely and quietly hoping for Greece to successfully defend itself. Meanwhile, as head of the Golden Union group, Mr Veniamis is no small shipowner in his own right. The group currently is listed with about 40 bulkers and there are a further seven large panamaxes listed as being on order from Avic Weihai Shipyard and Cosco Dalian for 2016-17 delivery. Golden Union has more than doubled its fleet size since 2014. Mr Veniamis also appeared in the Top100 in 2010, 2011, 2012, 2013, 2014 and 2015.

CREATIVE GREECE 2017 - SHIPPING

th place in Lloyds list

Gener8 Maritime

PETER GEORGIOPOULOS Mr Georgiopoulos may have wound down his dry cargo activities but he is still a force to be reckoned with when it comes to tankers.

The future ain’t what it used to be for this ex-poster boy of public shipping companies IN last year’s survey, we chronicled Peter Georgiopoulos’ fullforce return to deal-making and wondered if 2016 would be the year of redemption for the flamboyant executive. Little did we know that 12 months later, he would have resigned as chairman of the board of Genco Shipping and Trading, a company he founded, which still carries the letter ‘G’ on its stacks. Although he never held the title of chief executive at Genco, his departure was nonetheless stunning. Mr Georgiopoulos may have wound down his dry cargo activities but he is still a force to be reckoned with when it comes to tankers. And this time he is implementing a different, but still grandiose strategy. His big bet is that owning “one of the youngest and most modern very large crude carrier fleets among its public company peers” will pay big dividends, given the record low order activity this year, and especially when the new International Maritime Organization sulphur emission regulations come into play. Gener8 Maritime, the reincarnation of the original General Maritime, following a joint venture with Navig8 Crude Tankers and a very successful initial public offering in June 2015, had placed a massive order for 21 modern eco VLCCs with a price tag of $2.1bn. Eighteen of the 21 vessels have been delivered, with the remaining three expected to be

delivered in early 2017. The new, fuel-efficient vessels are already outperforming non-eco VLCCs, to the tune of $3,000 per day. The fuel savings will only grow if the new emission rules mandate use of the more expensive diesel oil. In addition to owning a big fleet of 42 vessels (including the three VLCC newbuildings), which provides Gener8 with operational scale and fuel cost efficiency, this time Mr Georgiopoulos is avoiding levering up the company with excess debt. Once bitten, twice shy, they say. The short-term prospects for crude oil carriers may look bleak, with the bulk of newbuilding deliveries expected during the first half of the year, and the just-announced Opec production cut being phased in. But beyond 2017, and with this year marking the lowest orders in the past 20 years, the odds for a sustained bull market look favourable. Of course only the future will tell if Gener8’s operating leverage and moderate debt strategy will (literally) pay dividends. Perhaps the sequel will be better that the original. In addition to being chairman and chief executive of Gener8, Mr Georgiopoulos is chairman of bunker supplier of Aegean Marine Petroleum. Mr Georgiopoulos also appeared in the Top 100 in 2010, 2011, 2012, 2013, 2014 and 2015.

245

CREATIVE GREECE 2017 - SHIPPING

th place in Lloyds list

EVANGELOS MARINAKIS

Capital Maritime & Trading

Mr Marinakis’ private company has a strong commercial as well as technical profile

With capesize moves, owner is now firing on all fronts OVER the past year or so, Evangelos Marinakis has surely consolidated his reputation for being among the industry players able to seal positive deals, even in tough times for shipping and financial markets. The latest notice of this was a flurry of capesize acquisitions in autumn 2016 that could be extended, as the Greek owner was reportedly looking at further buys in the dry bulk sector. By the end of November, his Capital Maritime & Trading company had already splashed about $110m on five modern capes from Korean, Japanese and German owners. Capital is making its countercyclical reinvestment in dry bulk after selling off a substantial fleet of bulkers in timely fashion during the booming market conditions prior to the financial crash. But in the meantime, the Greek owner is still expanding his footprint in tankers and has also established a significant presence in the container shipping sector. After re-entering the container space in 2010 with the purchase of two 1,700 teu feeder vessels, another 19 boxships have been acquired, all but two of these as newbuildings. Most have been post panamaxes and 10 of these have been dropped down to Nasdaq listed Capital Product Partners, in which Capital is general partner. Another five, though, were acquired together with US-based investment fund Monarch Alternative Capital as a partner and were subsequently sold at a profit, which has been a rarity among funds’ recent joint ventures in shipping. This will have enhanced Mr Marinakis’ image on Wall Street as an effective shipping rainmaker. In its move into container shipping, the group has avoided any serious mis-steps, whereas others have stumbled as the market has turned against boxship owners. The market sighed in relief when Capital Product last summer

246

revealed a less damaging than expected rate renegotiation with Hyundai Merchant Marine, charterer of five of the containerships. At the same time, 12 new tankers have been added to the group fleet, including eight more medium range tankers, two very large crude carriers and two aframaxes. The latter pair of ice-class tankers were acquired as resales at Daehan Shipbuilding in 2016 and chartered for five years to Texas-based oil company Tesoro. Mr Marinakis’ tanker interests now span 41 vessels of 4m dwt, including the public company’s fleet. Overall, the group — which has about $3bn of managed shipping assets on its books — has been expanding its portfolio of prominent charterers that includes the likes of BP, Exxon, Maersk, CMA CGM, Cosco and many other top names. Commercial relations are founded on superior technical performance of the group’s vessels, with the average rate of observations or deficiencies after inspections as low as 0.4%. Capital has also been a valued technical partner in recent projects such as ABS’ Smart Bearing Solution testing and a taskforce together with LR and DSME to develop LNG as a fuel for ultra large containerships. Mr Marinakis’ private company has a strong commercial as well as technical profile and has frequently stepped in to support Nasdaq-listed Capital Product with at- or above-market charters. Capital Maritime’s net debt to capitalisation at mid-2016 was just 14%. The shipowner has added to his extensive activities outside shipping by successfully bidding for one of Greece’s four national television broadcast licences. His company Alter Ego tendered the winning €73.9m ($78.7m) offer. Mr Marinakis appeared in the Top 100 in 2010, 2011, 2012, 2013, 2014 and 2015.

CREATIVE GREECE 2017 - SHIPPING

th place in Lloyds list

Intercargo

JOHN PLATSIDAKIS Mr Platsidakis has never been one to clamour for attention and Intercargo is consistent with its leader’s personality

Chairman is happy to put in the hours for the industry’s benefit FEW in shipping are as plugged in through their work on prominent industry bodies as John Platsidakis. The Greek ex-banker, a mathematics and economics graduate in his youth, is on our list primarily as chairman of Intercargo, the institution representing the international dry bulk carrier industry. But he is also vicepresident of the Hellenic Chamber of Shipping, a longstanding director of the Union of Greek Shipowners, and is still a council member at Intercargo’s tanker sibling organisation, Intertanko. For six years, he was also on Intertanko’s executive committee. His day job as managing director of Anangel Maritime Services, the dry bulk arm of the Angelicoussis Shipping Group, also keeps him at or near the pinnacle of the industry and his work is not confined to bulkers there, either. He has a management role — especially when it comes to financing — across the group, which is also a major tanker and liquefied natural gas carrier owner. Mr Platsidakis cheerfully admits that the sheer volume of reading required for his wider industry involvement has consumed many a weekend. “Fortunately a lot of the topics are common. But it’s a pleasure when you feel that what you are doing is part of the process of serving the interests of the industry,” he says. Since he ascended to the chairmanship of Intercargo, Mr Platsidakis has used the platform to remind shipping it should take pride in its achievements in safe and efficient transportation — a simple enough message but one that is often lost due to the industry’s defensive posture and the everyday need to process complex regulations. He is also credited with being a steadying influence at a period when Intercargo’s secretariat needed continuity. Most recently, the interim stint of the respected David Tongue as general-secretary came to its scheduled end but Kostas Gkonis

already appears a committed replacement and the set-up at the association looks on a more permanent footing than it has done for some time. Insiders say basics such as membership, collection of fees and services to members have all been enhanced. About one-third of members are from Greece, but Intercargo also includes major players from around the globe such as Cosco, Vale and Oldendorff. The membership of about 80 full members with more than 1,050 ships may seem to leave room for further improvement, given a global bulk carrier fleet of about 9,500 ships. But with the fragmented nature of the bulker business, it is a more than respectable number and comprises the sector’s most influential grouping. Mr Platsidakis has never been one to clamour for attention and Intercargo is consistent with its leader’s personality in appearing to be content to work under the banner of the Round Table of international shipping associations that also includes International Chamber of Shipping, Intertanko and Bimco. However, it also strives to concentrate its efforts mainly on bulker-specific issues. Among these are the grave danger to vessels and crew of cargo liquefaction. Mr Platsidakis takes some comfort from a recent halt in exports from Indonesia and the apparent closure of some facilities in the Philippines. But he warns the industry “should not be misled” into thinking the problem has gone away. His determination can also be seen in revisiting the question of corruption within the ranks of port state control officials. This has been a joint stance by the Round Table, but has been a signature issue for Intercargo, which argues that port state control culture should have the equivalent of the police’s internal affairs branch. Mr Platsidakis appeared in the Top 100 in 2013 and 2014.

247

CREATIVE GREECE 2017 - SHIPPING

th place in Lloyds list

SIMOS P. PALIOS

Diana Shipping

The company’s fleet stood at 46 vessels, up from 30 vessels at the end of 2012.

Chief executive is a victim of Murphy’s Law ANYTHING that can go wrong, will go wrong. If we may add to Murphy’s Law, when that happens, it may also affect you. Diana Shipping chief executive Simos P. Palios has been steadfastly predicting what everybody else knew was going to happen but was too afraid to admit: the dry cargo market was headed for its hardest landing, ever. The market hit rock bottom, but recovery is still out of sight. This has put even the most conservative company in a tough spot, having to negotiate with its lenders, like everybody else. Throughout the downcycle, Mr Palios has applied a dollar cost averaging strategy, buying vessels at a steady pace. On last count, the company’s fleet stood at 46 vessels, up from 30 vessels at the end of 2012. The only problem with that strategy is its cash position had fallen to $108m as of September 30, 2016, whereas its net debt (total debt outstanding minus cash) stood at $500m. At the end of 2012, Diana had $446m in cash and near-zero net debt. Not to rub salt into Diana’s wounds, but its investment in Diana Containerships has not fared any better. In fact, Diana had to defer repayment of a $50m advance to

248

its subsidiary, so that Diana Containerships could restructure its credit facility with Royal Bank of Scotland. Diana Shipping had engaged in its own talks with a consortium of lenders to extend debt repayments, but to no avail. Mr Palios may be down, but do not count him out. He believes Diana Shipping has the financial strength to ride out the current conditions. As to his dollar cost averaging strategy, Mr Palios staunchly defends it. “At this stage of the cycle, we are considering cheap assets, purchased at the bottom of the cycle to be as good as cash or even better,” he said at a recent call with analysts. He added: “Unencumbered vessels at this stage in the cycle don’t have a lot of way downwards, and they are very liquid assets to have, if necessary, a year or two years from now.” Most importantly, Diana’s management has refused to dilute its shareholders by raising new equity. Perhaps its operating leverage, owning a larger fleet with the same number of share count, may be its biggest weapon and bring home the bacon when markets turn. Mr Palios appeared in the Top 100 in 2012, 2013, 2014 and 2015.

CREATIVE GREECE 2017 - SHIPPING

th place in Lloyds list

POLYS HAJIOANNOU

Safe Mr Hajioannou may be media shy, but there is nothing shy Bulkers about him when it comes to integrity and reputation.

Chief executive makes some bold moves in times that try men’s souls POLYS Hajioannou, chief executive of Safe Bulkers, is gaining entry to our Top 100 for the first time for putting the interests of his shareholders ahead of his own. At times of adversity, nonetheless. Mr Hajioannou came to the rescue twice in 2016, buying two existing vessels and assuming four newbuilding contracts from Safe Bulkers. He did so by paying more than the vessels’ fair market value and by waiving a contractual sales and purchase fee to his shareholders’ gain. The transactions added $29m in cash reserves and shaved off $105m in capital expenditures. Not stopping there, he proactively worked with the company’s lenders to extend repayment for all its loan obligations. Mr Hajioannou may be media shy, but there is nothing shy about him when it comes to integrity and reputation. Owning 56% of the company and having fully aligned his interests with public shareholders helps. It also helps that he has never drawn a salary from

the company, nor has he ever given himself equity awards. Safe Bulkers has grown to 37 dry bulk carriers, with two more coming over the next two years. It is predominantly a panamax specialist and it has ventured into capesizes only when they were backed by long-term contracts with first-class charterers. Thanks to the long-term charters for its three capesizes, Safe Bulkers has pulled the unique feat of generating positive operating cashflows throughout the downcycle. Mr Hajioannou was among the first shipowners to embrace the post-panamax design, with an eye towards new trade flows facilitated by the new canal in Panama. Safe Bulkers own a fleet of 12 post-panamaxes, all built at top yards in Japan and South Korea. Safe Bulkers has been listed in the US since 2008, but it traces its history back to 1965 when Polys Hajioannou’s father, Vassos Hajioannou, founded Alassia Steamship.

249

CREATIVE GREECE 2017 - SHIPPING

101

st place in Lloyds list

Lavinia Group

LASKARIDIS FAMILY

The company has since diversified into dry bulk shipping, with a newbuilding programme that began with its first delivery in 2010 and will total 40 vessels when all delivered.

Influence of well-established Greek family operation looks set to grow in the coming year THIS Greek family operation may be newcomers to our list, but they are well-established in the Greek shipowning community and their influence looks set to grow in the coming year. Founded in 1977 by brothers Panos and Athanassios Laskaridis, Lavinia Group started out in the specialist reefer business, carrying fruit and vegetables and other perishable goods. As a result of containerised carriers taking over much of the traditional reefer trade, the company has since targeted the niche segment of high seas transhipments from fishing vessels, such as squid from the South Atlantic, and fish from Chile and Peru, the North Pacific and the various tuna-loading areas, which are primarily shipped to markets in West Africa and China, as well as Bangkok. The company still operates 25 reefer vessels from its Athens office and is managing partner of the Alpha Reefer Transport (Art) Reefer Pool in Hamburg that commercially operates a further 40 ships. It claims to have had record results from its reefer business for the past two years, something that surprised even the family itself. However, the reefer fleet is in rundown mode, with a planned slow removal of vessels by scrapping. The average age of its vessels is more than 20 years, which adds to technical issues, and upkeep is expensive. The company has since diversified into dry bulk shipping, with a newbuilding programme that began with its first delivery in 2010 and will total 40 vessels when all delivered. The group currently has 33 bulk carriers under management, with another seven still to be delivered. With typical frankness, the company admits moving into dry bulk during the deepest downturn for some years has been “rather unpleasant”, but it is confident it has a diversified fleet, with ultramaxes, newcastlemaxes, postpanamaxes, panamaxes and kamsarmaxes, on a mix of spot, period and long index charters. The company is also generally confident it has a diversified portfolio of business, including two shiprepair shipyards in Spain and a controlling part ownership in a new bulk panamax terminal in Uruguay. Its strategy for the coming year is all about housekeeping — being prudent with charterparties, and with all the operations of the business, not only chasing new business but taking good care of the business it already has. Its dry bulk chartering is conducted by Lavinia Bulk in London. Panos Laskaridis, managing director of the group, is president-designate of the European Community Shipowners’ Association, due to take up his role next year, thus extending the family’s influence beyond Greece. He was named

250

Shipping Personality of the Year at the Lloyd’s List 2016 Greek Awards. Athanassios Laskaridis has been president and chief executive of the group since 1978. The family is heavily involved with the charitable Aikaterini Laskaridis Foundation, which started life as a lending library in 1993 and now promotes Greek letters, culture and maritime history. A further family charitable trust, founded by Athanassios Laskaridis, called The People’s Trust, is dedicated to micro grants for start-ups in Greece, as well as general charitable causes. The next generation is starting to make its presence felt at the company. Suzanna Laskaridis, daughter of Panos Laskaridis, has been with the business for 10 years, while cousin Odysseas Laskaridis has been there for six years. While Suzanna focuses more on the operational side of the business, with Odysseas being involved in the commercial side, there is a lot of overlap, with Suzanna’s legal training being put to use in charterparty disputes and Odysseas involved with the daily operations of the bulk career fleet. Suzanna has recently launched Real Time Graduates, a free online platform that aims to place students with internships within the Greek shipping community. At the end of 2016, it had about 320 CVs on its free-to-access database and has been credited with a small number of direct hires.

2017

To u

pp i

m ris

ort Leaders - S p x hi -E

2017

www.depa.gr

TIVE GREE REA

A R D S 2 0 17