The Athens Stock Exchange concluded today the first Greek Investment Conference organized in partnership with Morgan Stanley, that took place on November 28 and 29 in London, in cooperation with Alpha Bank, Eurobank, the National Bank of Greece and Piraeus Bank.

 

The two-day event brought together the largest Greek listed companies and international investment funds and aimed to support Greek entrepreneurship, by highlighting investment opportunities in the Greek Capital Market and enhancing institutional trust in the country.

 

Greece's Prime Minister Kyriakos Mitsotakis opened the first day of the Conference on Monday 28 November with an insightful discussion with Franck Petitgas, Head of Morgan Stanley International. In his speech, Mr. Mitsotakis mentioned: "We've been able to convince international investors that this really is the time to be in Greece. And if Foreign Direct Investment is an indicator of the interest that Greece has been able to generate, we've had a record year again in 2022 and I expect another record year in 2023. I think the "ball is really rolling" and I am quite optimistic. If you look at our growth rates, for 2022 we're going to be close to 6%, for 2023 we expect 1.8%, which is three times the Eurozone average. I wouldn't be surprised if it ends up being higher. But it is even more important, as far as I am concerned, that this growth has real sustainable characteristics. This is helping the Greek economy become much more extroverted."

 

On the same day, Alex Patelis, Chief Economic Adviser to Greece's Prime Minister discussed with Yianos Kontopoulos, CEO of Athens Exchange Group about the prospects of the Greek economy. 

 

Alex Patelis stressed that "there is too much pessimism on the Greek economy based on global risks. On the government side, debt duration remains high, while the PDMA has over hedged interest rate risk. On the private side, bank credit growth has picked up, while credit creation in the 2010s was negligible. The second tranche for the RRF was recently approved, and the loan segment is outperforming budget. There is huge interest in the banks with the HFSF commencing on disinvestment, as soon as its divestment strategy is shortly approved."

 

28 listed companies in total participated in the event:

 

ADMIE HOLDINGS, AEGEAN AIRLINES, ALPHA SERVICES AND HOLDINGS, ATHENS EXCHANGE GROUP, ATHENS WATER SUPPLY AND SEWERAGE SA, AUTOHELLAS, CENERGY HOLDINGS, ELLAKTOR, ELVALHALCOR HELLENIC COPPER AND ALUMINUM INDUSTRY, EUROBANK ERGASIAS SERVICES AND HOLDINGS, GEK TERNA HOLDING REAL ESTATE CONSTRUCTION, OPAP, OTE, HELLENIQ ENERGY HOLDINGS, INTRACOM HOLDINGS, INTRALOT, LAMDA DEVELOPMENT, MOTOR OIL HELLAS, MYTILINEOS, NATIONAL BANK OF GREECE, NOVAL PROPERTY, PIREAUS FINANCIAL HOLDINGS, PIRAEUS PORT AUTHORITY, PUBLIC POWER CORPORATION, SARANTIS GROUP, TERNA ENERGY, TITAN, VIOHALCO. 

 

Additionally, the event was marked by the first-ever non-listed company participation (PEOPLECERT).

 

Upon completion of the event, Yianos Kontopoulos, CEO of the Athens Exchange Group said: "I am very pleased with the outcome of the Greek Investment Conference that we organized in partnership with Morgan Stanley. This year's two-day event marks the beginning of our dedicated effort to increase the visibility of the Athens Stock Exchange. We will continue to advance on this path in the future, as we seek to reinforce our relationship with the largest investment organizations, while promoting the upside potential of the Greek Capital Market."

 

For more information about the Greek Investment Conference, please contact:

 

ATHEX Press Office 

Email: press@athexgroup.gr 

Tel: +30 210 3366723