ECONOMY

UPS Hellas sees greater scope in Greece and the Balkans

UPS Hellas, the Greek subsidiary of the international express delivery group United Parcel Service, is planning to exploit the great scope of the Greek market since undertaking the running of the US company’s subsidiaries in the Balkans. «In the coming years, our economy’s emphasis will go toward strengthening its exporting character, said Vassilis Gatzoyiannis, CEO of UPS in Greece and the Balkans. «In this domain, UPS can offer a great range of services that are already successfully used both by small and large companies, which we assist in their international development by using our global network,» Gatzoyiannis stated on Tuesday. UPS’s Greek subsidiary started operating in 1996 and is now among the top companies in the sector with 10 percent growth recorded in 2004. It is exclusively involved in international express deliveries, while for domestic shipments, it has selected Interattica as its exclusive partner. New additions One of the immediate goals of the company that employs 230 people is to incorporate smoothly the Greek branches of two companies recently acquired by the UPS parent company: These are Fritz and Menlo, which operate in the logistics and forwarding markets and own small installations in Greece as well. To this end, a significant investment is to be made soon for the addition of another installation (offices and shipment center) in Attica. UPS Hellas also maintains installations at Athens Airport, in Maroussi (Kifissias Avenue), on Vouliagmenis Avenue and in Thessaloniki. Apart from taking advantage of opportunities arising from exports, UPS has already been making the most of the rise in Internet sales. From the packages the company handles daily, it emerges that more and more Greeks trust the World Wide Web for the opportunities it offers in purchasing cheaper products. For the time being, however, 95 percent of UPS’s revenues come from business customers, and just 5 percent from private parties.