‘Australians most welcome investors in Greece,’ says ATHEX Group CEO, Socrates Lazaridis

·

Chief Executive Officer (CEO) of the Athens Exchange Group (ATHEX Group), Socrates Lazaridis, addressed Greek Australians online on Tuesday, September 14 as part of the Greek Australian Dialogue Series.

The online conference was organised by Katia Gkikiza, the Trade Commissioner of Greece in Australia, and Paul Nicolaou, Director of the Business Leaders Council, Australian Chamber of Commerce and Industry.

Mr Nicolaou began the conference with a video tribute to renowned Greek composer, Mikis Theodorakis, who passed away on September 2. This was followed by Ms Gkikiza giving a small speech about the Greek economy and the recent bid by Australian infrastructure giant, Macquarie, for a stake in Greece’s national grid operator.

“This is a major investment from Australia. It is 2.1 billion euros. It is bound to draw the attention of more Australian investors to Greece,” the Trade Commissioner said.

“We have also all heard by now that the double taxation agreement between Greece and Australia is on the agenda of our two countries and we hope that this will facilitate cooperation even further.”

READ MORE: Double Taxation Agreement between Greece and Australia only a matter of time.

Over 50 people attended the conference with Mr Lazaridis. Photos: The Greek Herald / Andriana Simos.

‘Great period for investment in Greece’:

Mr Lazaridis picked up on this point made by the Trade Commissioner and stressed that it is a “great period for investment in Greece” particularly in the sectors of technology, industrial products and telecommunications.

“Australian investors are the most welcome investors in Greece due to the Macquarie bid… which was a strong signal of interest for big investments in infrastructure,” Mr Lazaridis said.

“Investment participation in ATHEX is driven by foreigners. We hope that one of the reasons for this is that Greece has a huge diaspora so the market is well known all over the world.”

The CEO then went on to give statistics showcasing how Greece’s economy is rebounding as it emerges from the recent economic crisis and stressed that GDP growth will continue to be “leveraged and sped up by EU funds reserved for the recovery of the Greek economy.”

“The macro and micro environment of our companies are promising. We see the future in a very optimistic way,” Mr Lazaridis stressed.

“From our point of view as a stock exchange, the most important issue in the next few years is to help companies raise equities in order to keep the balance of debt to equity ratios at a stable level. This is the most important target.”

Mr Lazaridis. Photos: The Greek Herald / Andriana Simos.

Creating a ‘green bond’ market:

Mr Lazaridis later branched off into a number of other topics including cryptocurrency and the prevalence of ‘green bonds’ in Europe at the moment.

The CEO said ATHEX Group is currently “working on creating a green bond market by copying best practices from Europe,” but there are still “many things to be done to protect investors from ‘greenwashing’.”

READ MORE: Greece extends pandemic support as economy seen rebounding this year.

“We are applying ESG culture to all of our Greek companies… because sustainability and environmental, social and governance (ESG) principles are the most important criteria right now [for the market],” Mr Lazaridis said.

“We have also created a new ESG index… with guidelines for companies on how to disclose their ESG activities.”

Mr Lazaridis concluded by saying that the ESG index is likely to replace the general index of ATHEX in the future, highlighting the importance of sustainability to the Greek economy and investment.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Philanthropist Andreas Andrianopoulos honoured with Order of Christ-Loving Medal

Melbourne businessman and philanthropist Andreas Andrianopoulos was awarded the Medal of the Order of the Christ-Loving on Monday, June 10.

Alleged Melbourne rapist Nektario Zafiratos begs for bail

Nektario Zafiratos - a Melbourne man accused of rape and fraud - has begged for bail so he can move his elderly mother to Australia.

Athena Razos stone faced at final hearing for stealing millions from Melbourne law firm

Athena Razos - a disqualified paralegal who stole nearly $1.6 million from a Melbourne law firm - has appeared in the County Court.

TV doctor Michael Mosley’s body to be repatriated from Greece

The body of TV doctor Michael Mosley is likely to be released to his family and repatriated by the weekend.

More ancient sites closed as historic heatwave persists in Greece

Greece closed more ancient tourist sites in Athens on Thursday as the country's earliest recorded heatwave persisted for a third day.

You May Also Like

Greek Australian artist, Nick Stathopoulos, named finalist for the Archibald Prize 2021

Greek Australian artist, Nick Stathopoulos, has been named a finalist of the 2021 Archibald Prize by the Art Gallery of New South Wales.

AUKUS: France slams Australia over move to ditch $90b submarine deal

French foreign minister Jean-Yves Le Drian has responded furiously to the cancellation of what was Australia's largest ever defence contract.

Mark Coure MP – Opinion: Sydney’s a global city, but we don’t talk like one

For Sydney to really live up to its potential as a global city, more of us need to have greater knowledge of a second language.