Tuesday June 30, 2015 Search
Weather | Athens
14o C
09o 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 products’ 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 Korea’s Samsung are in talks to follow suit. Sony’s 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 market’s 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 Switzerland’s Kuehne + Nagel International AG and Greek firms such as Sarmed are rapidly growing.

ekathimerini.com , Monday June 9, 2014 (20:09)  
Greeks check goods online, buy at stores
Closure of country’s banks leads commerce to grind to a halt
Public coffers run dry as taxes go unpaid
ATHEX: No trade until next Tuesday at the earliest
Tsipras says ´no´ vote will help talks but ´yes´ will prompt political developments
Prime Minister Alexis Tsipras indicated on Monday that Greece was still open to an agreement with creditors, “even at the 11th hour,” made it all but clear that a payment due on Tuesday to t...
EU officials say referendum is on euro or drachma
A number of European leaders warned Greece on Monday that Greeks face a choice between the euro and the drachma when they go to vote on Sunday, regardless of the government insisting that a ...
Inside News
SOCCER
English keeper Steele stays with Panathinaikos
English goalkeeper Luke Steele has extended his contract with Panathinaikos until the summer of 2018, the Greek Super League club announced on Monday. Former England youth international Stee...
VOLLEYBALL
Great wall of China insurmountable for Greece
The Greek men’s national volleyball came mighty close to snatching a spot in the Final-Four of the World League’s third division, but eventually succumbed to China in front of some 4,000 fan...
Inside Sports
Switching the rules for the referendum
The legislative decree that the government just issued changes in its favor the rules that apply for the carrying out referendums. It states that «if it is not possible to put together one s...
COMMENTARY
Playing the last chips
Prime Minister Alexis Tsipras played his last chips and the country is already experiencing the results. If he has come to terms with the idea of Greece returning to the drachma then you can...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Tsipras says ´no´ vote will help talks but ´yes´ will prompt political developments
2. Greeks check goods online, buy at stores
3. Closure of country’s banks leads commerce to grind to a halt
4. Public coffers run dry as taxes go unpaid
5. ATHEX: No trade until next Tuesday at the earliest
6. Double default day for Greece?
more news
Today
This Week
1. Greek government says no limit on bank withdrawals for foreign tourists
2. Playing the last chips
3. Poll shows chances of Greece euro exit balancing on knife's edge
4. Referendum asks Greeks simply to accept or reject creditors' plan
5. Cautious Merkel on verge of biggest risk with 'Grexit'
6. ECB rejected Greek funding line request for extra 6 bln euros, say sources
Today
This Week
1. Greek government says no limit on bank withdrawals for foreign tourists
2. Greek referendum offer is more con than democracy
3. Greek negotiators learned of referendum proposal from Twitter
4. Greeks want to stay in eurozone, two polls show
5. A decision with no preparation
6. Europe, a big phony
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.