Saturday August 30, 2014 Search
Weather | Athens
31o C
24o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Foreign groups pick Greece for assembly lines, Euro gateway

By Ilias Bellos

Several of the major international firms that have chosen Piraeus to be their productsí gateway to Europe are apparently close to moving along to the second step, which is the creation and operation of assembly lines in Greece. At the same time, foreign groups with activities in the forwarding and logistics sectors are preparing to take their own positions, while exporters from third countries are mulling the option of bringing their distribution centers to Greece.

A few days ago the government tabled a bill in Parliament regulating supply chain issues, which clearly states that this also concerns the assembly of products or small modifications. This move opens the way for a market that could contribute some 5.1 billion euros to the gross domestic product over a four-year period, according to the National Bank of Greece.

Sources have told Kathimerini that a number of foreign groups which have brought their distribution centers to Greece, including Chinese giants ZTE Corporation and Huawei Technologies and US firm Hewlett-Packard, have already reached the end of the planning stage for the operation of product assemblage or modification in this country.

Sony has been added to the companies that have chosen Piraeus as an entry point from which to take their products to Europe, while California-based†Cisco and South Koreaís Samsung are in talks to follow suit. Sonyís products are transported via a Trainose service from Piraeus to Slovakia, where the Japanese electronics company has installed an assembly and distribution center.

The strengthening of the Greek marketís competitiveness in general, and particularly in employment and real estate, which are seen as underpriced, serve as exceptional draws even for the relocation of such units within Attica.

The international logistics sector also has Greece on its radar, with sources saying that Belgian group Bergen Logistics is about to open an office in Athens, while foreign companies such as Switzerlandís Kuehne + Nagel International AG and Greek firms such as Sarmed are rapidly growing.

ekathimerini.com , Monday June 9, 2014 (20:09)  
Disappearing inflation heightens Draghi concerns
Ministry launches work experience program for unemployed graduates
Tax burden in Greece among EUís heaviest, study reveals
Coalition bent on protecting weaker groups
Traveling on public transport in Athens gets cheaper
Commuters will pay 20 cents less for tickets allowing them to use all modes of public transportation in Athens as of Monday, though they will be valid for 70 minutes rather than 90 as was th...
Push made for cuts in education as merger scheme fails
Finance Ministry officials are pressing the Education Ministry to cut costs after it emerged that a program for merging university and technical college departments failed to save 68 million...
Inside News
SOCCER
Tough draw for Greek sides in Europe League Greek stage
Following Thursday nightís high, when all three Greek teams competing in the Europa League made it into the group stage of the competition, a harsh reality struck Friday as they found out wh...
JUDO
Greek judoka Iliadis triples up as Aguiar stuns Tcheumeo
Greek star Ilias Iliadis claimed his third world title in the under-90kg category in Chelyabinsk on Friday as Brazilian Mayra Aguiar and Colombian Yuri Alvear won gold in the womenís under-7...
Inside Sports
COMMENTARY
Keeping an eye on international developments
The Ukrainian crisis may herald the start of a second Cold War, while there is no shortage of analysts comparing the current international climate to that of 1914 in the runup to World War I...
EDITORIAL
A few good men
It gives us a great deal of hope that we have a new batch of mayors and regional authorities, as well as university rectors who represent the voice of reason and prudence and are unafraid to...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
†RECENT NEWS
1. Traveling on public transport in Athens gets cheaper
2. Push made for cuts in education as merger scheme fails
3. Govít aims to curb measures, secure loans, allow tax relief
4. DIMAR chief Kouvelis hints about presidency
5. French expert says Crete crocodile in good health, aged 4-7
6. Tensions mar regional ity swearing-in ceremony
more news
Today
This Week
1. A few good men
2. Keeping an eye on international developments
3. Disappearing inflation heightens Draghi concerns
4. Two men drown off Crete coast in strong tides
5. Push made for cuts in education as merger scheme fails
6. Tensions mar regional authority swearing-in ceremony
Today
This Week
1. Attack on gay couple in Athens leaves one man needing surgery
2. Purification rituals
3. The battle against progress
4. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
5. Athens finalizes Paris talks goals
6. Strong undersea quake occurs off island of Milos, felt in Athens
†††Find us ...
††... on
Twitter
†† ††... on Facebook ††
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.