Following the agreement reached late on Friday between the Greece and its lenders, the Greek government introduced in Parliament a bill containing a new set of prior actions that must be voted by Tuesday, for the country’s creditors to unlock another 1 billion euros in loans before the Christmas holidays. The bill is expected to pass into law, partly because some of the thorniest reforms have been put off until early next year. It includes reforms relating to a new privatization fund, the privatization of Greece’s electricity grid operator ADMIE, and rules governing the sale of nonperforming loans (NPLs) held by banks. The latter was the most prickly issue in talks between government officials and representatives of the country’s creditors.
The compromise reached will allow the bad loans of large companies and the unpaid mortgages for properties that are not main residences to be sold to foreign funds. Meanwhile, the NPLs of small and medium-sized enterprises, as well as mortgages for primary homes, are to be excluded from the portfolios banks can sell to distressed debt funds, at least until mid-February. The Euro Working Group is to confer on Wednesday and decide whether to propose the disbursement of 1 billion euros.
Two members of the Greek government, alternate Minister of Tourism Elena Kountoura and Deputy Minister of Foreign Affairs on International Economic Relations & Investments Dimitris Mardas will be in New York on Monday, December 14, attending the 17th Capital Link’s Invest in Greece Forum, that will take place at the Metropolitan Club in Manhattan.
The Forum takes place at an optimal time, after Greece achieved an initial agreement with the Institutions this summer and has just successfully concluded the bank recapitalization process.
The Annual Capital Link Forum is the only high level International Forum focusing on Investing in Greece taking place in New York. It has 17-year track record of success gathering the elite of the financial and investment communities, as well business and government leaders from the United States and Greece.
The Forum is held every year irrespective of political changes and economic conditions in Greece and has been established as the main platform through which U.S. investors are informed of the current developments and outlook of the Greek economy and the investments and business opportunities. It provides the point of view of the government and the private sector, as well as of domestic and international investors.
The conference will feature the developments and reforms in the Greek economy and the Greek government programme for the economy and investments. Also, the latest trends in the capital and stock markets with topics such as Government and Corporate Bonds, energy, infrastructure development, real estate, tourism, banks, non-performing loans management, and global shipping.
One of the most interesting topic will be the “International Investor Perspective” panel discussion with the participation of Top US investors.
Conferences organized in Greece address mainly a local audience that is usually aware of the domestic situation. As international investors are not based in Greece, presenting Greece as an investment destination must be done where investors reside and decisions are made. Although there are numerous investment Conferences organized in Greece, there are only a few organized abroad which raise awareness of Greece as an investment destination.
This Forum is organized by Capital Link in cooperation with the New York Stock Exchange and with the support of major global banks, featuring this year:
H.E. Alexis Tsipras, Prime Minister of the Hellenic Republic who will send the Government’s message to the international investor Community via webcast;
Three Greek Government Ministers:
- Hon. George Stathakis, Minister of Economy, Development & Tourism – Will present via webcast the New Investment Landscape in Greece
- Hon. Dimitris Mardas, Deputy Minister of Foreign Affairs – International Economic Relations & Investments – Luncheon Keynote Speaker
- Hon. Elena Kountoura, Alternate Minister of Tourism – Speaker on Tourism & Hospitality
Seven global investment banks
Citi, Bank of America Merrill Lynch, BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs, UBS Investment Bank, and the Greek Investment Bank Axia Ventures Group
4 Greek Systematic Banks:
- Alpha Bank – Mr. Theodore Athanassopoulos, Head of Wholesale NLP Management
- National Bank of Greece – Mr. Leonidas Fragiadakis, CEO
- Eurobank Ergasias SA – Mr. Nicholas Karamouzis, Chairman & Emeritus Professor – University of Piraeus,
- Piraeus Bank Group – Mr. Anthimos Thomopoulos, CEO
- Piraeus Bank Group – Mr. Theophilos Constantinidis, Senior Advisor to the CEO, Special Situations Group –
- Hellenic Financial Stability Fund – Mr. Aris Xenofos, CEO
All European Institutions
- Mr. Declan Costello, Director – European Commission, Directorate-General for Economic & Financial Affairs, Economies of the member States
- Mr. Nicola Giammarioli, Head of Strategy & Institutional Relations – European Stability Mechanism
- Mr. Rasmus Rüffer, Head of Mission, Directorate General Economics, Monetary Policy Strategy Division – European Central Bank
- Ms. Delia Velculescu, European Department, IMF Mission Chief for Greece – International Monetary Fund
- Mr. Charles Dallara, Executive Vice Chairman – Partners Group & former Chairman – International Institute of Finance
Top US investors including
- Mr. John Calamos Sr., Chairman, CEO and Global Co-Chief Investment Officer – Calamos Investments
- Mr. George Logothetis, Chairman & CEO – The Libra Group
- Mr. John Alfred Paulson, President – Paulson & Co.
- Mr. Wilbur Ross, President – WL Ross & Co.
- Mr. William Vrattos, Partner & Portfolio Manager – York Capital Management
Corporate CEOs from Greece and the United States
Representatives from Multinational Companies & from International Financial Institutions:
Aegean Airlines & Olympic Air, Aquis Hotels & Resorts, A.S. Papadimitriou & Partners Law Firm, Atlantic Bank, Axia Ventures Group, CarVal Investors, Grivalia Properties, PPC S.A, NBG Pangaea REIC, Energean S.A., EY, HP Inc., First Athens Corporate Finance SA, INTRALOT SA, International Finance Corporation, Libra Group, Investor Bank, Marathon Asset Management, McKinsey & Company Greece, New York Stock Exchange, ONEX, OTE Group, Reed Smith, Shearman & Sterling (London) LLP, Τhe Libra Group, Watson Farley & Williams
Global Shipping Companies:
Danaos Corporations (NYSE:DAC), Dorian Gas Ltd. (NYSE:LPG), Euroseas Ltd. (NASDAQ:ESEA), and Tsakos Energy Navigation (NYSE:TNP)
As in previous years, the Forum will provide delegates with unique networking opportunities through more than 150 one-to-one meetings with listed and unlisted companies, as well as, with members of the Greek government delegation.
More than 1,000 delegates have currently signed up for the Forum.
Citigroup and Tsakos Energy Navigation are Lead Sponsors of the Forum for seventh year in a row.
Main Sponsors are: Bank of America Merrill Lynch, BNP Paribas, Credit Suisse, Deutsche Bank, ΕY, Goldman Sachs, and UBS AG.
Sponsors are: Alpha Bank, A.S. Papadimtiriou, Axia Ventures, Calamos Investments, Danaos Corporation, Eurobank, Euroseas, Hellenic Entrepreneurship Award, Libra Group, Mizuho Securities Inc., National Bank of Greece, OTE, PPC SA. Reed Smith, Shearman & Sterling, Watson Farley Williams.
Supporters are: Aegean Airlines & Olympic Air, Atlantic Bank, Energean S.A, First Athens Corporate Finance SA, Grivalia Properties, Investors Bank, NBG Pangaea REIC and ONEX
2015 HELLENIC CAPITAL LINK
The “2015 Hellenic Capital Link Leadership Award” will be presented at the conclusion of the Capital Link’s 17th Annual Greek Investor Forum. This year we are honoring Dr. Anthony Papadimitriou, President to the Board of Directors of Alexander S. Onassis Foundation & Managing Partner of A.S. Papadimitriou & Partners Law Firm for his contribution to promoting Greece and Hellenism and for his numerous educational, cultural and philanthropic initiatives globally and specifically for Greece The Award Ceremony will take place after an Official Dinner at the New York Yacht Club.
Introductory Remarks will be made by Mr. Panos Papazoglou, Country Managing Partner Greece & CSE South Cluster Leader and the award presentation will be made by H.E. Ambassador C. Panagopoulos. Master of Ceremony will be Mr. Athanasios Ellis, Senior Editor and Columnist, Kathimerini.
Honored Guests & Brief Remarks by:
- Hon. Dimitris Mardas, Deputy Minister of Foreign Affairs – International Economic Relations & Investments of the Hellenic Republic
- Hon. Elena Kountoura, Alternate Minister for Tourism, Hellenic Republic
- Dr. Anthony Papadimitriou, President to the Board of Directors of Alexander S. Onassis Foundation & Managing Partner of A.S. Papadimitriou & Partners Law Firm.
The Dinner is sponsored by EY.
«GREEK DAY» AT NYSE
Within the context of the 17th Annual International Capital Link Invest in Greece Forum, the New York Stock Exchange will organize in cooperation with Capital Link a special celebration of “Greek Day at NYSE”, on Tuesday December 15, 2015.
There will be an official reception in honor of the Greek Delegation, Greek companies listed on the New York Stock Exchange and companies participating in the Forum. Then Deputy Minister Dimitris Mardas, with Deputy Minister Elena Kountoura, and the executives of NYSE listed Greek companies, will ring “The Closing Bell”, ending the trading session on Tuesday December 15, 2015. The event will be broadcast live on major news stations in the United States and abroad to an audience of millions of viewers worldwide.
ABOUT CAPITAL LINK
With its headquarters in New York and presence in London, Athens and Oslo, Capital Link has been active since 1995 in the field of Investor Relations and Financial Communication. It also organizes annually in New York, London and Athens a series of Investment Forums focusing on its main activity fields (www.capitallinkforum.com).