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In Economy Alexandros Costopoulos on Having Foresight NOVEMBER-DECEMBER 2019 THE MAGAZINE OF THE AMERICAN-HELLENIC CHAMBER OF COMMERCE www.amcham.gr ALEXANDROS COSTOPOULOS ON HAVING FORESIGHT A LIFE FULL OF FULBRIGHT WITH RITA PIPINOPOULOU-PANOURGIA THOUGHT LEADERS A 30-YEAR ANNIVERSARY GES SPECIAL FEATURE IN ECONOMY POWERED BY PIRAEUS BANK CONTENTS 24 41 36 Foresight founder and CEO Alexandros Yerassimos Yannopoulos, Co-Managing For three decades, AmCham’s Costopoulos talks about the changing Partner, Zepos & Yannopoulos, talks flagship event has brought together impact of communications, the role of about attracting foreign residents to key players from the country’s reputation, and his hopes for the future live and spend in Greece political, economic and financial life 4 THE BOARD 36 ECONOMY AmCham Celebrates the 30-Year 6 CHAMBER NEWS Anniversary of the Greek Economic Summit in Athens THE BIMONTHLY MAGAZINE OF THE 12 NETWORKING AMERICAN-HELLENIC CHAMBER OF COMMERCE 40 DESTINATION USA AmChams in Europe American Samoa VOLUME XVIII | NUMBER 105 Best Practices Conference ISSN 1109-4990 CODE: 6526 41 TAX & LEGAL 14 CONNECT USA CHAMBER.PRESS AMERICAN-HELLENICCHAMBER .PRESSCHAMBER OF COMMERCE AMERICAN-HELLENIC CHAMBER OF COMMERCE Attracting Foreign Residents A Whole New World to Live and Spend in Greece DIRECTOR BY IRINI KARAJANI BY YERASSIMOS YANNOPOULOS Elias Spirtounias [email protected] 16 NAMES AND FACES IN THE NEWS 42 TRENDS AND TRADE MAKERS PUBLISHER Alexandra Loli 46 BUSINESS2BUSINESS [email protected] 18 TRAVEL A B2B Toolbox EDITOR Compensaid T.C. Lowrie Responsible Travel 48 VIEWPOINT DESIGN White Creative Studio Did We Learn Our Lesson? 19 GROWTH FOR BUSINESS BY ALEXANDRA LOLI Ph.D. PRINTING & BINDING Queue Print LTD OTE Group Greece’s Technology Powerhouse OWNER American-Hellenic Chamber of Commerce Politia Business Center 20 THE FULBRIGHT ALUMNI CORNER 109-111 Messoghion Avenue 115 26 Athens A Life Full of Fulbright Tel: +30 210 699 3559 WITH RITA PIPINIPOULOU-PANOURGIA Fax: +30 210 698 5686-7 E-mail: [email protected] 22 BIZBUZZ BRANCH OFFICE 123 Tsimiski Street THOUGHT LEADERS 546 21 Thessaloniki 24 THE INTERVIEW Greek Economy Tel: +30 2310 286 453 28 Fax: +30 2310 225 162 On Having Foresight: Turning the Odds in our Favor E-mail: [email protected] Reframing the Conversation with an Eye to Greece’s Future WITH ALEXANDROS COSTOPOULOS GES 30 YEARS 28 THOUGHT LEADERS An Anniversary Special Feature PLEASE RECYCLE PLEASE www.amcham.gr Greek Economy Powered by Piraeus Bank Turning the Odds in our Favor NOVEMBER-DECEMBER 2019 | BUSINESS PARTNERS | 1 DIRECTOR’S DESK As 2019 draws to an end, we prepare to bid farewell to a year marked by several significant events that will influence and shape future developments and the new year ahead. As the European Union searches for a new vision and strategy, it is apparent that new balances and alli- ances are being developed between its member states to promote common goals and agendas, as further European integration continues to be hindered by delays. The upcoming Brexit and the yet to be deter- mined framework that will dictate the future economic and trade relations between Britain and the EU will greatly affect the level of unity between EU countries and their commitment to advanced unification. The United States, where the economy continues to be dynamic and grow albeit perhaps at a slightly slower pace than last year, has entered a pre-election period that is set to be highly polarized. It re- mains to be seen to what degree this and other recent political developments in the U.S. will affect the country’s economy and by extension its trade and economic relations with the rest of the world and particularly with the EU and of course with Greece, given the unprecedentedly close relationship between the two countries. In Greece, the change of leadership this past July has brought a very positive aura to the economy and investment landscape and has created high expectations in the country, elements that we must utilize as soon as possible so that our country can truly turn the page. As I have repeatedly stated in these editorials, the country needs bold and fast reforms in order to make up for lost time and compete successfully in the future. The laws currently being legislated are a move in the positive direction, especially those concerning expat voting rights as well as tax and insurance. Any reforms aiming to simplify procedures, cut red tape and improve citizen interactions with the state are highly important. Finally, it is crucial to understand, as a country, where modern business and consumer interest is now focusing on. The adoption of sustainable development goals is the only way forward, regardless of sec- tor, and that signals a need for new technologies to reduce environmental footprint and trace products in any kind of supply chain, and of course a major shift toward the circular and cooperative economy. All the above and other equally important issues will be discussed extensively at the upcoming 30th Greek Economic Summit, the 30 year anniversary of our Chamber’s hugely successful flagship annu- al conference. This year titled “Turning the Odds,” the two-day event will once again bring together excellent speakers and serve as a platform for exchanging views, knowledge and insights on how our country can defy forecasts and forge ahead. ELIAS SPIRTOUNIAS Executive Director THE AMERICAN-HELLENIC CHAMBER OF COMMERCE A DYNAMIC, PROACTIVE CHAMBER The American-Hellenic Chamber of Commerce was established ber of the U.S. Chamber of Commerce in Washington D.C. and the in 1932 and is one of the largest, most active, and dynamic European Council of American Chambers of Commerce (ECACC). American Chambers in Europe. Virtually all American companies that do business in Greece and Greek companies that engage in trade with the United States are members of the Chamber. MISSION STATEMENT The Chamber's membership is comprised of more than 1,000 The American-Hellenic Chamber of Commerce strives for con- proactive companies that seek to expand business horizons, tinuous improvement of American-Hellenic commercial and fi- create new business partnerships, and take advantage of trade nancial relations, through increased membership and through and investment opportunities in today's global economy. the organization of top-quality events, exhibitions, fora, semi- The American-Hellenic Chamber of Commerce is an active mem- nars, and congresses on both sides of the Atlantic. 2 | BUSINESS PARTNERS | NOVEMBER-DECEMBER 2019 COMMITTEES AMERICAN-HELLENIC AGROTECHNOLOGY COMMITTEE Notis Argiriou, Stella Bezergiannis, Dimitrios Chriss, Constantinos Constantinidis, Thymis Efthymiadis, Evagelos Gerovasileiou, Nikolaos Karagiorgos, CHAMBER OF COMMERCE Georgios Katsaros, Athanasios Kouimtzis, Athanasios Koukakis, Ekaterini Michailides, Ioannis Nakas, Athanasios Tsaftaris, Evangelos Vergos | Coordinator: Nikos Tsavdaroglou AUDITORS COMMITTEE Athanasios Felonis, George Kerameus, Kyriacos Sabatakakis CORPORATE GOVERNANCE COMMITTEE Chair: Constantine Papacostopoulos | John Apsouris, Xenophon Avlonitis, Yiangos Charalambous, Christy Kozoboli, Eleni Lessi, Vassilis Monogios, Andreas Shiamishis, Panagiotis Staikouras, Maria Theodoulidou, Georgios Venieris, George Vlachos | EXECUTIVE COMMITTEE Coordinator: Daphne Constantinidou CORPORATE RESPONSIBILITY COMMITTEE Chair: Pakis Papademetriou, Chryssa Eleftheriou, Nikolaos Bakatselos, President | Pyramis Metallourgia A.E. Manos Iatrelis, Nicole Ioannidi, Martha Kesisoglou, Kiara Konti, Marilena Kouidou, Siana Kyriacou, Alexia Macheras, Olga Manou, Manina Menidiati, Angeliki Papadopoulou, Sevi Sfakianaki, Rania Vassilis Kafatos, Vice President | Deloitte Business Solutions S.A. Soulaki, Ioannis Vrachatis | Coordinator: Angela Boyatzis John D. Saracakis, Vice President | Saracakis Brothers S.A. CULTURE COMMITTEE Chair: Zozo Lidoriki | Eugenia Arsenis, Sophie Daskalaki-Mytilineou, Xenia Kaldara, Eva Karaitidi, Efstathios Liantis-Lianos, Vicky Marangopoulou, Dionysios Mavrotas, Pantelis Alexandros Costopoulos, Secretary General | Foresight Strategy and Panos, Anna Pataki, Stavros Stavropoulos, Panagiotis Tsougrianis, Nikos Ververidis, Artemis Zenetou, Yannis Zirinis | Coordinators: Katerina Tzagaroulaki, Frosso Paneta Communications EDUCATION-INNOVATION-ENTREPRENEURSHIP COMMITTEE Chair: Litsa Panayotopoulos | Spyros Arsenis, Claudia Carydis, Alexandros Costopoulos, George Ioannou, Nelly Katsou, Panagiotis Litsa Panayotopoulos, Treasurer | EVIA.IP Ltd Ketikidis, Alexandra Kokkini, Fanis Koutouvelis, Vassilis Makios, Barbara Mergou, Constantinos Moros, George Papadakis, Archontoula Papapanagiotou, Elina Paraskevopoulou, Loukas Pilitsis, Nikolaos Porfyris, Paul Canellopoulos, Counselor | AIG Greece Elena Prassaki, Michael Printzos, John Rizopoulos, Kyriakos Sabatakakis, Katerina Triviza, Alex Tsoukalis, Nely Tzakou, Konstantinos Zanetopoulos | Coordinators: Katerina Tzagaroulaki, Sofia Chaidogiannou John Kyriakides, Counselor | Kyriakides Georgopoulos Law Firm EMPLOYMENT COMMITTEE Chair: Venetia Koussia | Stavros Andriopoulos, Georgios Doukidis, Marios T. Kyriacou, Counselor | KPMG Certified Auditors Mary Georgiadou, Christos Ioannou, Vassilis Karayannis, Elias Kikilias, Konstantinos Kintzios, Vasso Kollia, Jiorgis Kritsotakis, Antonis Monokrousos, Antouaneta Oikonomopoulou, Manos Panorios, Helena Athanasios Papadopoulos, Counselor | Nautical Carriers Inc. Papadopoulou, Nikolaos Philippas, Theodoros Proestos, Georgia Stergiopoulou, Constantinos Tsalikis | Coordinator: Sofia Chaidogiannou Spirtounias Elias,
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