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Greece is one of the largest investors in the Balkans.

I always find it really interesting seeing street scenes from Balkan cities with signage of major Greek corporations plastered on the storefronts and billboards. Its definetly something Greece should be proud of as a nation. It is a nice way to spread the wealth around the Balkans as lots of these countries are benefiting from the technologies Greek companies offer such as 3G service on Cosmote subsidaries. These companies often dominating Telecomunication and Banking sectors.

It is also has significant investments in other European nations too, especially notable is Coca Cola Hellenic Bottling Co.

This thread is to post news articles and photos relating to Greek comapnies which expand or have considerable influence in foreign nations or regions.
 

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I got a question for you guys

Does anyone know anything about Arcon Constructions ATE? Its subsidiary in Bulgaria is Arcon EOOD. The company came out a couple of weeks ago with three interesting high rise projects in Sofia's downtown area. Unfortunately, not much is known about except for the location of the projects. For now Arcon EOOD has only worked on small projects in the capital, mainly on branches of Piraeus bank,Alfa bank and Postbank.

Is this company known in Greece? Is it a serious company for such large projects?

Here are the renders of the high rises in case you are interested







Thx :cheers:
 

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^^They seem impressive. Wow...
I searched their website and it seems a serious company. However there is no chance to build such buildings here in Greece by any company. They've important projects in Greece:

Like:
Attica shopping center:


Niarchou foundation:


Lamda



etc
 

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Thx for the info guys :cheers:

I really hope that those projects are realized because just like in Greece, bureaucracy in BG, is the reason why so many high rise projects in Sofia have been canceled or at least kept on hold for a long time.

I truly support the idea of Athens having high rises, I understand the arguments of some people concerning the way these buildings will affect Athens historical skyline, but for a city as important as Athens, a high rise cluster in the vincity of the city would be great. I was especially impressed with this render...



Anyways let's cross our fingers and hope that both Athens and Sofia will have a few skyscrapers within the next decade :cheers:
 

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Greek businesses are doing major investment in the Balkans, even in Turkey. Now is an opportune time to do it, especially with Bulgaria and Rumania enterring the EU and Croatia and Serbia not too far behind.

Greek business are planting seed corn right now, it will bear major fruit in a decade or so. But they can't get complacent, because the German, Italian and French companies are not far behind. Even Russian businesses are expanding in the Balkans.
 

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...at least with regards to building tall, they are now honing their skills and warming their engines...

Τι να κάνουμε, βλέπεις έχουμε και κάτι πολιτικούς-εξωτικά φρούτα που αποκαλούν την Αθήνα με τη φράση "το χωριό μου" ενώ οι Ελληνικές τεχνικές εταοιρείες όπως πάντα μεγαλουργούν.
 

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Still status and height are not known concerning this project, but I remember there were rumors about a Greek investor wanting to build a high rise I the area of Macedonia Square in Sofia, hopefully today's news are the news we were waiting for. Who thought that Macedonia will be the best link between BG and GR :D:D:D

Greek Company Invests EUR 105 M in "Macedonia Tower" in Sofia

Icon Single Member Ltd, which is a subsidiary of the Greek company GEK - TERNA Group, is going to invest EUR 105 M in the construction of a new business center in Bulgaria's capital.

The center will be named Macedonia Tower because it will be located at Macedonia Square in downtown Sofia, the Bulgarian newspaper Pari reported Monday.

The building will have a total of 31 844 square meters of office space, 4 407 square meters of commercial space, and a parking lot for 400 cars.

The construction of Macedonia Tower is expected to be completed in 2011. Its owners expect to make EUR 8,5 M per year from the office and store rents.

 

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The situation related to the distance between what the Greek companies can do and what they are allowed to do in the mainland is becoming hilarious to say the least.

I really don't understand what Mr Karamanlis and Souflias are afraid of.

At least, looking at this and other similar projects foreign countries we fully understand that the problem of building skyscrapers in Greece is NOT economic. It has to purely do with lack of vision, politics and established obsessions. Plus it has to do with an absurd fear for change, not from the people of Athens or Greece but from the political leaders in this country. Fera that if they cease to be inert they will be given a negative vote in the coming elections.

Fear for the noisy negativists who have been pampered all these years to avoid change unless they are given a fair share of the benefits of every upcoming change.

Fear

Fear

FEAR

"Quite an experience to live in fear isn't it?

That's what it is to be a slave
!!!"

-Rudger Hauer's character (the android), talking to Harrisson Ford (the Blade Runner), Blade Runner movie (Ridley Scott, Vangelis), 1982

 

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The situation related to the distance between what the Greek companies can do and what they are allowed to do in the mainland is becoming hilarious to say the least.

I really don't understand what Mr Karamanlis and Souflias are afraid of.

At least, looking at this and other similar projects foreign countries we fully understand that the problem of building skyscrapers in Greece is NOT economic. It has to purely do with lack of vision, politics and established obsessions. Plus it has to do with an absurd fear for change, not from the people of Athens or Greece but from the political leaders in this country. Fera that if they cease to be inert they will be given a negative vote in the coming elections.

Fear for the noisy negativists who have been pampered all these years to avoid change unless they are given a fair share of the benefits of every upcoming change.

Fear

Fear

FEAR
True my friend, but I would add also something more:

ignorance
ignorance
ignorance!!!!!!!
 

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Greece's Sarantis completes acquisition of Hungarian Trade 90 for 2.74 mln euros

ATHENS (Thomson Financial) - Greek mass cosmetics and household goods wholesale Gr. Sarantis SA said it has completed the acquisition of Hungarian food producer and distributor Trade 90 for 2.74 million euros.

The acquisition was self funded and Trade 90 has no debts. For the current full year it is expected to have sales of 6.5 million euros, and EBITDA of 0.5 million euros.

Sarantis said it will initially focus on the successful absorption of the company and the full combined synergies with other local unit Sarantis Hungary are expected to appear in 2009.

Trade 90 is one of the main suppliers of the Hungarian market having long-lasting agreements with the major key accounts, while it also has a powerful distribution network that covers the whole market.

Its packaging products are ranked second in terms of market share.

The Greek group said it is acquiring a unit with homogeneous and supplementary activities to its core business, with important synergies, which will strengthen its presence in Hungary.
 

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Greek Titan Group may pour 200M euro into Lovech plant
11:00 Mon 15 Sep 2008 - dnevnik.bg


Greek cement maker Titan Group is mulling plans to invest up to 200 million euro into boosting its production capacities in the northern Bulgarian town of Lovech, Economy Minister Petar Dimitrov was quoted by Focus news agency as saying.

The Greek company has so far invested 51 million euro in production operations in Bulgaria. It has units near Sofia, Zlatna Panega and Plovdiv.

The company unveiled on September 13 a new production line at the Zlatna Panega factory, wrapping up the first phase of its investment strategy.

Titan Group is ready to build another production line provided that the future national development plan recognises the sector’s economic and industrial growth, executive director Alexander Chakmakov said. The new facility will increase the company's production capacity for clinker, a key cement raw material, to 1.2 milion tons.
 

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Greek-Swiss wastewater treatment proposal in FYROM

15. October 2008. | 11:41

Source: ANA-MPA

The estimated cost of the project stands at roughly six million euros, while Athens has already earmarked 2 million euros for the construction of the state-of-the-art plant.

Greece and Switzerland have expressed interest in the construction of a wastewater treatment facility along the Axios River near the border city of Gevgeli, in the extreme south of the FYR of Macedonia on the frontier with Greece.

In a meeting held at the environment ministry in Skopje, Greek and Swiss representatives reportedly expressed their willingness to re-activate a previous Greek initiative for the construction of such a treatment facility.

The estimated cost of the project stands at roughly six million euros, while Athens has already earmarked 2 million euros for the construction of the state-of-the-art plant.

Treatment of sewage and rural runoff is regarded as vital for the Axios River ecosystem, better known as the Vardar River north of Greece, considering that its waters have become polluted by residential pollution from as far north as Skopje.

The 380-kilometer-long Vardar is the biggest river in FYROM, while the 76-kilometer-long stretch known as the Axios flows south through Greece and empties into Thessaloniki’s Thermaikos Gulf.
 

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"Global Finance International Limited“ najavio izgradnju skoro 200.000 m2 poslovnog i stambenog prostora u Kragujevcu i Beogradu


Translation:"Global Finance International Limited“(Greek company) will build 200 000 square metres of living and bussines space in Belgrade and in Kragujevac (my city :banana:).
They have already bought the land in Kragujevac-about 3.5 ha... It is great placed,just beside the Plaza Center (which is already being built).
Thank God for this... I hope more of greek investment in Serbia,and especially in my city...:cheers:
 

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Greek businesses are doing major investment in the Balkans, even in Turkey. Now is an opportune time to do it, especially with Bulgaria and Rumania enterring the EU and Croatia and Serbia not too far behind.Greek business are planting seed corn right now, it will bear major fruit in a decade or so. But they can't get complacent, because the German, Italian and French companies are not far behind. Even Russian businesses are expanding in the Balkans.
yes and no. Greek businesses were lucky to get in early; they bought up most of their assets when the prices were absolutely dirt cheap. This gives them a leg up over the competition. The assets have now been transferred into capital and producing modest returns.

it amazed me how short sighted a few Greek commentors were back in 05/06 by saying that the Balkan investments were not paying off in the short term, and that maybe it was a bad idea to invest as much as they did. since when is any investment of that nature in a developing region short term?
 

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Greek Company to Build 300-Million Euro Complex near Bulgaria’s Bansko Winter Resort

19 December 2008 | A luxury complex will be built near Bulgaria’s most modern winter resort of Bansko.

The project, worth 300 million euro, envisions the construction of 650 homes, a hotel with 320 rooms, a spa centre, two golf courses and a downtown area over 4 square kilometres, according to the Bulgarian Telegraph Agency’s recent report.

The project, carried out by the real estate company Parthenon Holding, is supposed to be completed by the end of 2009. For Greeks have already purchased homes in the complex, which is located 10 minutes away from Bansko. According to the report, about 65 per cent of all the homes have been sold to Russian, British and German investors.

According to the same publication, Greek investors are also financing contruction in the town of Bansko itself, with their total investments amounting to 20 million euro.

http://www.balkantravellers.com/en/read/article/943
 

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Investments in the Balkans

As noted by diplomatic sources, the HiPERB supplement Greek investment in the countries of Southeastern Europe, which exceeds €15 billion. Greek entrepreneurs are among the pioneers and claim the role of key regional players, especially in Bulgaria, Romania, and Serbia, where Greek businesses are among the three largest foreign investors.

Albania
Greece controls almost 27% of total foreign investment in Albania and is ranked first in terms of invested capital, which exceeds $800 million.
There are almost 270 Greek, or Greek-controlled, enterprises, mainly activated in: telecommunications, commercial banking, contracting and construction,
tobacco trading, oil and oil products trading and distribution, textiles, foods, apparel and footwear.
Greek-interest businesses in Albania include the ever-expanding banks ¯ National, Emporiki, the subsidiary of Piraeus, Tirana Bank, and Alpha ¯
and the mobile operators Albanian Mobile Communications (controlled by Greece's Cosmote) and Vodafone (controlled by Vodafone Greece).
Titan cement proceeds to a major investment of approximately €200 million for the construction of an industrial unit. Greek banks such as Alpha Bank, National, and Emporiki, command substantial market shares in terms of loans, deposits and profitability.

Bulgaria
Total Greek investment in Bulgaria from 1992 to 2006 exceeded by far the amount of €1.5 billion, capturing 10% of direct foreign investment in this
country, and the third place after Austria and the Netherlands. More specifically, Greek banks control 23.6% of all banking capital. Greek investment activity has remained stable during the past six years, with average investments of almost €200 million per annum, the highest being those of the year 2002. There are approximately 1,500 active Greek businesses in the country. Greek business activity in Bulgaria is rather strong in services (mainly banking), network industries, food/beverages, metals, commerce and distribution, and apparel. The Athens Stock Exchange has expressed interest for the privatization of 44% of the Sofia Stock Exchange, and for further cooperation with the
burse. In the construction sector, the joint venture of general contractors MT ATE, Ermon SA, and Domokat SA undertook in 2004 the €4.85 million project for the study, construction and fitting of the
Razlog waste water treatment plant. Proodeftiki SA is reconstructing the Sadovo-Razlog road.Terna SA was selected for the reconstruction and
electrification of a 37.7 km section of the Plovdiv-Svilengrad railway line in the Krumovo-Parvomai area.

FYROM
For the past 11 years, Greece has been holding the first place among foreign investors in the FYROM. The total amount of Greek investments that have been, or are being, materialized is almost €950 million. That would make Greece the second largest foreign investor in Macedonia. Of the 20 most sizable investments in Macedonia's economy, 17 are financed with Greek capital. More than 20,000 people are employed in Greek-owned enterprises (c. 6% of the active workforce in this unemployment-plagued polity).
Greeks are everywhere: banking (28% of their total investment in the country); energy (25%); telecommunications (17%); industry (15%); and food (10%).

Romania
Greece is among the top three foreign investors in the country (the largest Greek investments in the Balkans have been made in Romania), with
almost 800 active enterprises, and total invested capital that is estimated at more than €3 billion. In 2002, OTE acquired the majority stake of
Romtelecom (54%) after tough negotiations and following the approval of the Romanian government for the purchase of the additional stake. On
27.05.2005, Cosmote and Romtelecom signed a deal for the acquisition of the mobile operator Cosmorom; Cosmote would participate in the share capital increase of Cosmorom with €120 million. In 2005, OTE sold all its mobile subsidiaries in the Balkans to Cosmote. Thus, Cosmote came to own 70% of Cosmote Romania (Cosmorom). According to recent data from the
central bank of Romania, following the acquisition of an 81.6% stake in Banca Romanesca by the National Bank of Greece, Greek banking holds
the second place, after Austria, among foreign investors in this sector with 15.4%. Moreover, ATE signed a deal for the acquisition of a 57.13%
stake in MindBank.

Serbia
Our country is the number one foreign investor in Serbia. Direct Greek investment since 1996amounts to €1.8 billion. Total Greek invested capital
amounts to €2.1 billion. It has to be noted that there are 150 Greek-Serbian, as well as 120 purely Greek, companies. The major Greek companies operating in Serbia include, among others, the Greek Telecommunications Organization OTE (acquired 20% of Telecom Serbia in 1997), Intracom (supplies Telecom
Serbia with card-phones), the National (12 branches), Alpha (branches and Serbian Jubanka), Eurobank Ergasias (branches and Post Banka), Piraeus (Atlas Banka) and ETEVA (representation office) banks, Hellenic Petroleum
((Yugopetrol and the EKO-YU petrol stations), and three companies from the foods sector: Delta (Delyug productive unit), Coca-Cola Hellenic Bottling Company (Fresh Co) and Athens Brewery.
 

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Jumbo to Boost Investments in Bulgaria

Jumbo, the Greek chain of toy hypermarkets, announced plans to expand investments in Bulgaria and open a second store in the country due to open in 2010.

Greece's largest toy retailer reported that ten-month sales grew 15.5% year-on-year on rising demand, mainly in Cyprus.

Sales in Greece remained at the previous year's high levels, and the firm's Cyprus outlets showed a strong performance.

Jumbo opened its first store in the Bulgarian capital Sofia at the end of 2007. The store has an area of 15,000 square meters and is located on Bulgaria boulevard.
 

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Great news. Thanx. Jumbo is really huge and very popular in Greece. Because in a single store you find everything that has to do with toys and accessories in very low prices and good quality.
 
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