ECONOMY

Greek businesses eye Iranian market

greek-businesses-eye-iranian-market

Some 40 Greek entrepreneurs will be scanning the Iranian market for business opportunities as they accompany Foreign Minister Nikos Kotzias during his visit to Tehran at the end of the month.

A wide range of businessmen will join the Greek official as several sectors are hoping to penetrate the Iranian market. The delegation to Tehran will include representatives of Aegean Airlines, Viohalco, Hellenic Petroleum, EKME, Moundreas, Panou Audiovisual, Space Hellas, J&P, Kapachim, Diamonds Shipping & Trading, ATC, AAS, North Aegean Sea Canneries as well as construction materials and food companies. There will also be a strong presence of Greek pharmaceutical companies such as ELPEN, Demo and Vianex.

Organizers are speaking of a strong interest by the Greek business community as the Iranian market is considered the biggest unexploited market in the region. Iran is a country with great wealth, especially in terms of minerals, and remains in many ways underdeveloped but there is a big demand for infrastructure and commodities.

Crucially, Iran considers Turkey an unpredictable neighbor, so it would be eager to explore alternative commercial routes to Europe, and Greece could be that bridge.