Papastratos optimistic about the future


Papastratos and its parent company Philip Morris feel justified regarding the 300-million-euro investment announced in March, one of the biggest by a foreign group in Greece since 2009.

When the project was announced there was still much distance to be covered between Athens and its creditors, but now that a final agreement is close the Greek tobacco company is optimistic about its future.

The investment may create up to 650 jobs. Chief executive Christos Harpantidis told Bloomberg on Friday that others should follow the firm’s example.