Nicholas Bornozis speaks about the upcoming 12th Annual Capital Link Investor Forum. Minister of State Haris Pamboukis will be the keynote speaker.
New York.- By Apostolos Zoupaniotis
The opportunities and challenges of reforming Greece will be presented to the U.S. business community, by Greek government, capital markets and business officials during the 12th Annual Capital Link Investor Forum that will take place at the Metropolitan Club (One East 60th Street) in New York City, on Thursday, December 2 from 8:00 am – 5:00 pm. The Capital Link Forum is under the auspices of the Minister of State of the Hellenic Republic, n cooperation with NYSE Euronext and the Athens Exchange. Minister of State Haris Pamboukis and Dominique Cerutti, President & Deputy Chief Executive Officer NYSE Euronext, will be the keynote speakers at the luncheon.
The forum has four different components. The first is the government, economic and reform program. Officials will talk to investors what is going on in the economy, privatization and investment opportunities in general. (Greek Government Bonds, Privatization Programs, the Reform of Public Enterprises, Private Public Partnerships (PPPs)).
The second involves the capital markets. What is going on with Athens Exchange, the capital and equity markets, what stocks can investors look at and why. (Investing in Greece: A New Investment Era, The Regulatory and Legal Framework).
The third part involves companies representing different sectors listed with Athens Exchange. Among the sectors represented are banking, telecommunications, energy, food and beverage, gaming etc.
The last one is shipping, a global business where Greeks have a leading presence. (Shipping Panels: Dry Bulk, Tanker & Container).
For information and to register www.capitallink.com.
More than 700 professionals attend the event annually; last year`s attendance exceeded 800. Ambassador of Greece in Washington Vassilis Kaskarelis and former United States Ambassador to Greece Daniel Speckhard (Managing Director – WEM Global Investment, Inc) will open the forum, followed by Professor Ilias Plaskovitis, Secretary General, Ministry of Finance, George Christodoulakis, Secretary General for Asset Privatizations, Nikolaos Mantzoufas, Special Secretary for Private Public Partnerships, and Yannis Pyrgiotis, Secretary General for Culture and Tourism Infrastructure.
Athens International Airport S.A. • Autenrieth Capital • Axia Ventures Group • Barron`s • Bloomberg • Coca Cola Hellenic • Costamare • Danaos Corporation • Deloitte Hadjipavlou Sofianos & Cambanis • DHT Tankers • General Maritime Corp. • Hellenic Exchanges • Hellenic Petroleum • Hellenic Telecommunications Organization (OTE) • Institutional Investor • Intralot • Invest in Greece Agency • Knight Capital • LAMDA Development • Lykourezos Law Offices • Navios Corporation • OPAP • PricewaterhouseCoopers • Proton Bank • Public Gas Corporation (DEPA) • Seanergy Maritime Holdings Corp. • Star Bulk Carriers • Synergy Marine • Tsakos Energy Navigation Ltd (TEN) • TT Hellenic Postbank
Capital Link President Nicholas Bornozis gave an interview to the Greek News about the upcoming forum.
Q. The 12th Capital Link Forum takes place in a bad period for Greece. What are you expecting to come out of it?
A. In the past we could not get Greece into the news, now we can’t get Greece out of the news. Greece is in the new every day. We all agree that Greece can be credited with Democracy, Philosophy, values of life. Greece can also be credited for creating a big crisis in Europe, but at the same time Greece can be credited for testing the limits of the European Union and for forcing everybody to put new systems in place, to prevent this crisis.
In a serious way, it’s a very challenging time for Greece. The Greek government is putting together a series of painful but necessary reforms. Things that needed to be done long time ago but haven’t; now they are implemented. As painful as they are, ultimately they will result in a healthier economy.
Second, for any sophisticated investor and looks at the long term, the current crisis can present opportunities. Because of the crisis we have assets in Greece that are undervalued, reflecting the current panic in the market, therefore for investors who have a long term view these assets can present good opportunities.
I know that when things are bad and when we have globally uncertainty and volatility, investors are looking to get away from risk. But at the same time, for the sophisticated investor that’s the time they are looking to establish themselves into new investments.
Q. What are the questions of investors and other business people you are approaching for the forum?
A. Before we go to the topic of investing in Greece, whether it is on stocks, bonds or into hard assets, people need to know what the government is doing, in terms of economic policy and what the likelihood of Greece is coming out of the crisis.
I think this question could be answered by Greece itself but also by the European Union. Greece itself has exhibited that we do have a program in place. And the EU is exhibiting, now also with the case of Ireland, that there is a mechanism to support these countries. So, if you can convince investors that there is a program and a strategy to come out of the crisis, they will start looking a lot more into the investments.
Frankly, people at this point they need to hear what is going on. In dealing with capital markets, communication is critical, especially when things are not going well. When they are going well, everybody is happy, but when they are not, human tendencies disappear. And that’s when you need to be present and explain to the people that despite the problem, you have a strategy to cope with the crisis.
To this year forum focuses on updating investors on what is going on in Greece today.
Everybody wants to know why, because has been perceived as the weak link of Europe, the first one to come to the surface. Investors want to know whether this weak link has becoming now stronger and that’s what the forum is all about.
Q. Maybe they also want to compare what Greek officials will say to what they have said last year.
A. Today there is a totally different set-up. It provides to investors more guidance because they know the framework. Last year we were heading to the crisis. This year we are in the crisis and we are trying to come out of it.
Q. You have organized this forum twelve times. Which one is the hardest?
A. Naturally this year is the hardest. But I hope this year’s forum will the most useful one because of the international context.