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Read more: Economic sentiment, consumer confidence on the rise
By Dimitra Manifava
A government committee on Monday gave the green light for 12 energy projects with a total budget of 11.5 billion euros to be licensed through the fast-track process.
Meeting under Development Minister Costis Hatzidakis, the Ministerial Committee for Strategic Investments decided to fast-track investments expected to create a total of 17,000 jobs while helping Greece to enhance the security of its energy supply and eventually see it evolving into an energy hub.
Bank of America Corporation’s Merrill Lynch unit said in a report issued on Tuesday that the recent decline in share prices at the Greek bourse offers value as Greek banking recovers and that there is no prospect for an early general election before March 2015, when the Parliament’s likely inability to elect a new president to replace Karolos Papoulias will lead to a parliamentary poll.
Panos T. Xenokostas, President & CEO, ONEX GROUP, discusses the rise of ONEX S.A. in the Greek and international aviation market, ONEX in the United States, and how the Greek economy can be transformed.
Please tell us briefly about ONEX.
ONEX was founded in Greece in 2004 aiming to supply complex technological solutions in Aviation Support, Information and Telecommunications Technology and Enterprise support. “Born” during the economic slowdown after the Athens 2004 Olympic Games and “raised” through the hardships culminating in the current breakdown of the Greek economy, ONEX managed to develop a set of invaluable qualities, such as adjustability, flexibility and a realistic outlook on the global picture.
Read more: Investing for Tomorrow in the Hellenic Aviation Industry
A strategy being drafted by the Development Ministry to promote innovative entrepreneurship includes joint investments by the New Economy Development Fund (TANEO) with business holdings funds, as well as tax incentives to attract foreign investments to newborn enterprises.
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