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Home , Central Macedonia, Chalkidiki, Doirani, Epanomi, Giannitsa, Goumenissa

Region of Central Investment Profile

March2018 Contents

1. Profile of the of

2. Central Macedonia’s competitive advantages

3. Investment Opportunities 1. Profile of the Region of Central Macedonia

2. Central Macedonia’s competitive advantages

3. Investment Opportunities

4. Investment Incentives Region of Central Macedonia: Quick facts (I)

Central Macedonia, a region in Northern , includes the Regional Units of Halkidiki, , , , , and •The region of Central Macedonia is one of the thirteen of Greece consisting of the central part of the geographical and historical region of Macedonia. •The region is the largest and second most populous in Greece after , with a of almost 1.9 million. •On the north it with Former Yugoslav Republic of Macedonia and , while in Greece borders on the east with the Region of Eastern Macedonia and , on the west with the region of , and on the southwest with the region of . •Along with East Macedonia and Thrace, it is supervised by the Decentralized Administration of Macedonia and Thrace which is based in Thessaloniki. The region is based at its of Thessaloniki •The Region has a total area of about 18,810 square kilometers of which 3,683 km² occupied4. Investment by the prefecture Incentives of Thessaloniki, 3 ,968 km² by the prefecture of Serres, 1,516 km² by the prefecture of Pieria, 1,701 km² by the prefecture of Imathia, 1,581 km² by the prefecture of Kilkis, 2,506 km² by the prefecture of Pella and 2,918 km² by the prefecture of Halkidiki •Key cities include namely Thessaloniki, Serres, , Veroia, , Kilkis, Naousa, . Region of Central Macedonia : Quick facts (II)

Demographics and Workforce quick facts

Population: 1.882.108 (2011) 17.4% of the total Greek population

Main macroeconomic data of the Region of Central Macedonia

2012 2013 2014 2015 2016 GDP* 25,807 24,172 23,771 23,716 n.a. GDP per capita** n.a. 4. Investment Incentives13,458 12,669 12,520 12,557 Gross fixed capital formation* 4,490 3,193 3,026 3,009 n.a.

Unemployment 26.2 30.2 28.75 26.0 24.5 Rate (%)

*In million **In euros Source: Hellenic Statistical Authority Significant performance indicators

Gross Value Added by Industry 2015 (Region of Central Macedonia) Industry/ Sector Gross Value Added (amount in % in total GVA of the Region million ) Agriculture, Forestry and Fishing 1,279 6.1

Mining, energy, water supply and 548 2.6 waste management Manufacturing 2,601 12.4 Construction 432 2.1 Trade, transportation and storage, accommodation and food service 4,953 23.6 activities Information and Communication 462 2.2

Financial and Insurance activities 744 3.6 4.Real Investment Estate activities Incentives3,004 14.3 Scientific, administrative and support 814 3.9 service activities Public administration, education, health and social work activities 5,049 24.1 Arts, recreation and other service 1,058 5.1 activities Total 20,944 100

Source: Hellenic Statistical Authority data processed by Enterprise Greece 1. Profile of the Region of Central Macedonia

2. Central Macedonia’s competitive advantages

3. Investment Opportunities

4. Investment Incentives Natural and Cultural Treasures

The Region of Central Macedonia is mainly a lowland area with many rivers. Central Macedonia is a unique land with a long and continuous human presence from Prehistoric times.  is the highest in Greece. It is located in the Olympus Range on the between Thessaly and Macedonia, between the regional units of Pieria and . Mount Olympus has 52 peaks, deep gorges, and exceptional biodiversity. The highest peak, Mytikas, rises to 2,918 metres and is one of the highest peaks in in terms of topographic prominence. The Voras are a mountain range situated on the border between Greece and FYROM. It separates the Pella regional unit on the Greek side in the south from the Mariovo region on the FYROM side in the north. The tallest peak in the range is Kaimakchalan at 2,524 m. Ancient sites include the Dion archaeological Park, the archaeological museum of (Royal Tombs of Aigai) and the ancient in Pella, the biggest agora of the ancient world. Agricultural Production

•The agricultural sector has always been one of the major production areas in the Region of Central Macedonia. •The primary sector of the region participates by 26% in gross value added of the primary sector at national level •Productions of the primary sector in which the Central Macedonia has a leading role in Greece are: Fruits (peaches, apples, kiwi, cherries, apricots, grapes, pears etc.), table , cotton, rice, grains, vegetables (tomato, lettuce, cucumber, zucchini, pepper etc.) fodder plants, beef cows' milk sheep and goat milk eggs and bird meat pork honey. •The Wine Roads of include eight routes which begin in the west. Five routes have been developed in the Region of Central Macedonia: the Wine Route of Pella- , the Wine Route of the Olympian Gods, the Wine Route of Naoussa, the Wine Route of Thessaloniki and the Wine Route of Halkidiki. •With more than 6,500 beekeepers and an annual production of 1910 tons of honey, accounts for 32% of the total production of honey in Greece.

Education and research (Ι)

•The University of Thessaloniki (A.U.TH.) is the sixth oldest and among the most highly ranked tertiary education institutions in Greece. It is named after the philosopher Aristotle. •The University was founded in 1925 and is the largest university in Greece and in the . It was the second Greek university to be founded after the University of , which was established in 1837. • The Aristotle University of Thessaloniki performs a great deal of research in a variety of scientific fields. It is in constant and close cooperation with universities, organizations and research centres both in Greece and abroad. The large number of its faculties and its approximately 250 laboratories enable scientists of the Aristotle University of Thessaloniki to carry out a variety of research projects with great success. • The Technological Educational Institute of Central Macedonia was founded in 1983 and is located in the city of Serres. It consists of three schools: the School of Technological Applications, the School of Administration and and the School of Graphic Arts and Design. • The Alexander Technological Educational Institute of Thessaloniki is a higher education public institute, part of the Greek tertiary education system, specialized on applied sciences. It was founded in 1970 and started its operation in February 1974 as a Center for Higher Technical Education. Education and research (ΙΙ)

Faculty of Theology School of Theology School of Pastoral and Social Theology Faculty of Philosophy School of Philology School of History and School of Philosophy and Education School of Psychology School of English Language and Literature School of and Literature School of German Language and Literature School of and Literature Faculty of Sciences School of Mathematics School of Physics School of Chemistry School of Biology School of Geology School of Informatics

Source: https://www.auth.gr

Education and research (ΙΙI)

Faculty of Economic and Political Sciences School of Economics School of Political Sciences School of Journalism and Mass Communications Faculty of Health Sciences School of Medicine School of Veterinary Medicine School of Dentistry School of Pharmacy Faculty of Engineering School of Civil Engineering School of Architecture School of Rural and Surveying Engineering School of Mechanical Engineering School of Electrical and Computer Engineering School of Chemical Engineering School of Spatial Planning and Development

Source: https://www.auth.gr

Education and research (ΙV)

Faculty of Education School of Primary Education School of Early Childhood Education Faculty of Physical Education and Sport Sciences School of Physical Education and Sports Science School of Physical Education and Sports Science in Serres Faculty of Agriculture, Forestry and Natural Environment School of Agriculture School of Forestry and Natural Environment Faculty of Fine Arts School of Visual and Applied Arts School of Studies School of School of Film Studies Faculty of Law School of Law

Source: https://www.auth.gr

Education and research (V)

Technological Educational Institute of Central Macedonia Faculty of Applied Technology Faculty of Administration & Economics Faculty of Interior Architecture, Decoration & Design Alexander Technological Educational Institute of Thessaloniki Faculty of Technological Applications Faculty of Technology of Food and Nutrition Faculty of Health and Medical Care Faculty of Management and Economics School of Business Administration School of Information Sciences School of Social Sciences, Humanities And Arts School of Economic and Regional Studies International Hellenic University

Source: https://www.auth.gr http://www.teicm.gr/index.php?lang=en https://www.teithe.gr/ http://www.uom.gr/index.php?newlang=eng https://www.ihu.edu.gr/index.php

Transport Infrastructure

The Region is served by one international airport and one international port in Thessaloniki, the national highway, the “Egnatia Road” that extends from Polimylos to Strimonas and the railway network that passes through the entire region.

Airports Thessaloniki International Airport “Makedonia”

Ports Thessaloniki

Privatization of the Thessaloniki Port Authority (OLTH)

The German-French-Greek consortium gained the tender  €231.92 million for the consortium of Deutsche Invest Equity Partners (DIEP) with the subsidiary of ’s CMA CGM (Terminal Link) and the Savvidis Group (Belterra Investments Ltd) for a 67 % stake in OLTH The benefit to the Greek state from the deal will come to €1.1 billion as it will also include the consortium’s commitment to invest €180 million in the next 7years The expected revenues from the concession agreement amounting to 3.5 % of the annual OLTH turnover, set to add up to another € 170 million

Source:http://www.ekathimerini.com/224382/article/ekathimerini/business/the ssaloniki-port-deal-finally-signed TAP in Central Macedonia

The TAP΄s progress The construction of the (TAP) AG in Greece continues to progress on time, on track and on budget. Thanks to the efforts of the 3,100+ people working for the project, work is now underway in all three Northern Greek Prefectures to be traversed by the pipeline: Eastern Macedonia-Thrace, Central Macedonia and –most recently– Western Macedonia With regard to the €32 million socio-environmental investment (SEI) programme that TAP has voluntarily committed to implementing, 47 such investments initiatives have already been committed in all three Northern Greek Prefectures, their total value amounting to €1,150,000 The Trans Adriatic Pipeline (TAP) will cross five of the seven regions of Central Macedonia prefecture. The pipeline is 543 km long, and 224 km of this will pass through the Serres, Kilkis, Thessaloniki, Imathia and Pella regions

Source:www.tap-ag.com

Over €730 million for the extension of the metro in Thessaloniki, in Central Macedonia The EU is financially supporting a modern, driverless metro system in the city of Thessaloniki to boost the local economy. Over €407 million will be invested in the completion of the city's Metro Main Line, including new tunnels, renovation work in metro stations and the supply of 24 trains. Once operational in 2020, the metro line expects 247,000 passengers daily, which will reduce the amount of traffic in the Thessaloniki area and improve air quality In addition, almost €323 million will put towards the extension of the metro to the city of , southeast of Thessaloniki. This will improve everyday life in the , especially for commuters between Kalamaria and Thessaloniki

Source : - Press release 2017 The Egnatia Motorway (I)

The section of the Egnatia Motorway crossing Central Macedonia extends from Polymylos to and has a total length of 191 km. It is a four- lane motorway, with a cross section width of 24,5 m with two traffic lanes and a hard per direction and a central reserve separating the two directions At section Klidi- Thessaloniki- Derveni, which has a length of 45 km, it becomes a six-lane motorway with three lanes and a hard shoulder per direction. This section includes big bridges of a total (approximate) length of 7 km and tunnels of an (approximate) length of 18 km, as well as a great number of junctions and major structures The total cost of the completion of section Polymylos- Strymonas amounts to € 1.298 million

Source: http://www.egnatia.eu The Egnatia Motorway (II)

Kastania bypass was constructed in Central Macedonia and involves the section of the Egnatia Motorway from Polymylos to , which has a total length of 26 km. The construction of this section was one of the most difficult, from the technical viewpoint, as the axis crosses the mountain of Vermio, at the borderland between West and Central Macedonia, an area characterized by an intense terrain, a high elevation and difficult climate conditions The section includes twin-tube tunnels of a length 14 km(7 km per bore) and big bridges with high piers of a total length 2,8 km (1,4 km per bridge carriageway). The construction cost of Kastania bypass amounts to € 485 million

Source: http://www.egnatia.eu Large Projects – HRADF (I)

Τhe Airport of Thessaloniki, “Macedonia” International Airport is including in the cluster A of regional airports that HRADF concluded successfully international tender process in the granting of the right of concession for the development and operation of 14 regional airports in Greece. In particular, two 40-year concessions to upgrade, maintain, manage and operate two clusters of seven regional airports (per each) have been conferred to a consortium of companies consisting of AG Airport Services Worldwide and Slentel Limited of Copelouzos Group

Source: www.hradf.com Large Projects (rolling ahead) – HRADF (II)

 HRADF promotes the development of a landplot of c. 735,000 m2 in Sani area in Kassandra peninsula. The proposed development concept includes a 18-hole golf course of international standards, with additional training areas, a luxury hotel and vacation homes facilities. The development of the property should be harmoniously integrated in the environment and the existing ecosystem, highlighting the unique natural beauty of the surrounding area.

The marina of Thessaloniki (or marina of Aretsou) is located on the southern side of the coastal zone of the municipality of Kalamaria, in an area called “Mikro Emvolo”, only 7km away from the center of Thessaloniki. The marina offers today 242 berths for yachts up to 30 meters of length. The land area of the marina is 77.825m2.

Source: www.hradf.com Large Projects (rolling ahead) – HRADF (III)

 HRADF promotes the development of one seaside property in an area of unique natural beauty, in Chalkidiki peninsula, Possidi. It is a landplot of a total surface of c. 160,000 m2 in Kassandra peninsula with 370 m beachfront property. It is situated 105 km from Thessaloniki and 95 km from the “Macedonia” international airport. It is suitable for the development of vacation homes, high quality hotels, restaurants and recreation areas.

HRADF holds 74% of Thessaloniki Water Supply & Sewerage SA (EYATH) , 5% is held by Suez Environment Company and the remaining is free float. According to its Asset Development Plan, HRADF will appoint advisors for the evaluation of the optimal approach with respect to the exploitation of 23% of the company shares and the modification of its existing concession agreement with the Hellenic Republic

Source: www.hradf.com Central Macedonia offers an interesting environment for investment...

Central Macedonia advantages ..are enhanced by investment incentives Central Macedonia boasts a number of • Under the new Investment Incentives Law L.4399/2016, Thessaly enjoys attractive investment incentives varying comparative advantages related to its: from 35% to 55% of the total investment cost, according • Great existing transport infrastructure to the size of the company and the region of the country • Academic-R&D infrastructure & dynamics in which the project will be implemented. • Tourism and Cultural sites • The aid schemes of the Law include: 1) Tax exemptions • Opportunities in the renewable energy 2) Cash grants sources 3) Leasing subsidies • Skilled work force, especially in Tourism and 4) Wage costs subsidy 5) Stable corporate tax rate for 12 years Agriculture 6) Financing of business risk through loans or equity 7) Fast track licensing

Operational Program Central Macedonia 2014-2020

Expected impacts Investment incentives quick facts

•Support of more than 900 SMEs and cooperation of New Investment law L.4399/2016: Subsidies of up to more than 400 enterprises with research institutions 55% for business plans •Creation of 1,300 employment positions Total OP budget: 1,009,936,974.00 € •Improved anti-flood measures for additional 300,000 inhabitants and upgraded transport networks for Total EU contribution: 807,949,576.00 € additional 445,000 persons •Annual energy savings of 160 ktoe and protection of additional 530,000ha Natura sites • Support of 35 business plans for social enterprises Funding Priorities creating 175 employment positions and social inclusion •S measures covering 1,000 disabled people and 6,500 •Strengthening research, technological development and immigrants. innovation" •Enhancing access to, and use and quality of, ICT •Enhancing competitiveness of SMEs •Supporting the shift towards a low-carbon economy in all sectors •Promoting climate change adaptation, risk prevention and management •Preserving and protecting the environment and promoting resource efficiency •Promoting sustainable transport and removing bottlenecks in key network infrastructures •Promoting sustainable and quality employment and supporting labor mobility Promoting social inclusion, combating poverty and any discrimination – ERDF •Technical Assistance Axis • Source: http://ec.europa.eu 1. Profile of the Region of Central Macedonia

2. Central Macedonia’s competitive advantages

3. Investment Opportunities

4. Investment Incentives Reasons to Invest in Central Macedonia

.Natural and cultural treasures: Unique natural beauty combined with long history, religious treasures and friendly people

.A production locomotive : The primary sector, especially agriculture, plays a key role in GDP. The arable plains (40% of them are irrigated) are cultivated intensively, producing cotton, corn, , grains and tomato etc Tourism

.Tourist destination: Popular destination offering an upgraded and diversified tourist product that includes in the mountains, sightseeing, local gastronomy, sea sports etc Export Oriented Manufacturing .Industrial sites complex: The region disposes industrial zones, providing land and easy licensing procedure for industrial use

. Potential in Renewable energy: The region has a strong wind and solar potential Energy

.Transport infrastructure: The region disposing over substantial infrastructure, capable to support wide investment activity in the area

.Urban infrastructure: The urban infrastructure is well developed, including a sufficient number of hospitals, both private and public, courts of various levels, , telecommunications, primary and secondary schools, etc

.Support of the local Authorities: The consistent and unwavering support of the local Authorities , as well as the hospitable and business

Tourism

Tourism Tourism in Central Macedonia (I)

Tourism data for the Region of Central Macedonia (2016) Region and 5***** 4**** TOTAL Prefecture Hotels Rooms Beds Hotels Rooms Beds Hotels Rooms Beds Total Greece

444 67,407 137,210 1,412 104,562 203,203 9,730 407,146 788,553

Central Macedonia 48 8,506 17,459 100 8,068 15,711 1,195 45,494 89,788 Region

Thessaloniki 13 1,870 3,453 22 1,685 3,019 138 7,712 14,378 Imathia 0 0 0 4 83 169 32 727 1,486 Kilkis 0 0 0 1 50 100 17 402 803 Pella 0 0 0 7 186 388 66 1,394 2,846 Pieria 4 599 1,234 14 937 1,915 388 10,214 20,180 Serres 0 0 0 5 283 610 33 1,030 2,056 Halkidiki 31 6,037 12,772 47 4,844 9,510 521 24,015 48,039

Source: Hellenic Statistical Authority Tourism in Tourism in Central Macedonia: Facts and figures (II)

Tourism data for the Region of Central Macedonia

HOTELS EXCEPT CAMPINGS REGION AND 2015 2016 PREFECTURE TOURIST ARRIVALS TOURIST ARRIVALS

GREEK FOREIGN TOTAL GREEK FOREIGN TOTAL

TOTAL GREECE 5,744,134 12,734,567 18,478,701 5,996,434 12,999,947 18,996,381

CENTRAL MACEDONIA 1,046,867 1,345,235 2,392,102 1,091,544 1,338,542 2,430,086 REGION

Thessaloniki 689,306 557,419 1,246,725 714,038 547,178 1,261,216 Imathia 45,352 6,798 52,150 48,336 7,607 55,943 Kilkis 10,944 7,230 18,174 9,199 4,167 13,366 Pella 43,483 5,142 48,625 41,294 3,409 44,703 Pieria 67,807 131,935 199,742 79,488 134,937 214,610 Serres 62,305 14,020 76,325 68,343 17,513 85,856 Halkidiki 127,670 622,691 750,361 130,846 623,731 753,380

Source: Hellenic Statistical Authority

Major tourism attractions

White Tower, Thessaloniki Mountain Olympus beach, Chalkidiki

Ski Center Vora- Kaimaktsalan Pozar Thermal Springs Holy Mountain Wine Tourism

Central Macedonia is one of the richest in wine production regions of Greece, as the history of its wine starts from the depths of the centuries and reaches to this day.

Halkidiki has produced famous wines since antiquity, with testimonies dating back to the 5th century. B.C. Nowadays the vineyards are grown in central Chalkidiki, and . On the sunny slopes of Mount Meliton, the dry-warm climate and the beneficial humidity of the favor the production of fine wines from Limnio, Cabernet Sauvignon and Cabernet Franc, Asyrtiko, Roditi and Athiri.

In Mount Athos monasteries there is a long tradition in the art of viticulture and wine production and in their vineyards with the mild climate, the great sunshine, the mountain dew and the sea breeze, today a large range of grapes is grown: white Rhoditis, Athiri, Asyrtiko, Sauvignon Blanc and Red Limnio, , Cabernet Sauvignon and Grenache Rouge.

The Wine Roads of the Central Macedonia are designed and supported by the `Wine Producers Association of the Macedonian Vineyard` Carras: One of the largest tourism investments in the Mediterranean

The Porto Carras Grand Resort has won 4 Tourism Awards 2017, namely 2 awards in the "Luxury Resort" and "Golf Resort" categories and 2 silver in the " Resort" and "Gastronomic and Wine Tourism" categories.

The property covers over 4000 acres, including more than six miles of sandy beach and twenty-five pristine coves. The resort includes two 5-star hotels, Meliton and Sithonia, as well as the bungalow style Villa Gallini. There is a casino and two Thalassotherapy and Spa Centers. There is an international- standard 18-hole golf course, the largest and best equipped conference hall in Northern Greece, a horse riding academy, a tennis club with nine courts, a diving center and a nautical club. The resort also features three helipads, two waterways and a 315-berth Marina, which is the largest private marina in northern Greece.

With 1186 acres under vine, it is also home to one of the largest unified vineyards in Greece and one of the largest in Europe.

Source:https://news.gtp.gr/2017/05/03/new-tourism-investment-messinia- costa-navarino-team/ Chalkidiki Welcomes New 5-star Hotels and More

The tourism popularity of the northern Greece region of Chalkidiki has attracted investors who have placed over 300 million euros in hospitality projects over the last five years  One of most anticipated is the five-star, 136-room Sani Dunes, a 24.2-million-euro addition to the multi-awarded Sani Resort group’s  Also the Tor Hotel Group-owned Eagles Villas that contains 42 villas and a view towards the Mt Athos peninsula  Revamped units include the Miraggio Thermal Spa Resort at Paliouri, the Ikos at , the Ekies hotel at , the Danai Resort & Villas in and the fully renovated Portes Beach at the beach of Agios Mamas  Five-star newcomers to open in summer 2018 include a 50-million-euro Mentekidis- owned business at Agios Ioannis, and a 200-room Lagoon Princess Group adults-only facility at Kalyves

Sourcehttps://news.gtp.gr/2017/04/24/halkidiki-welcomes-new-hotel-openings/: Investment opportunities in various tourism segments

Cruises and Sea tourism Eco Tourism Cultural and

Therapeutic tourism Wine tourism Development of existing state & private assets Tourism: Indicative Investment Projects

Enterprise Greece maintains a portfolio of investment projects in all business sectors and Regions of Greece.

As far as Central Macedonia is concerned the portfolio of Enterprise Greece includes:

Land plots that could be used for tourism development Mixed use tourism projects under development Tourism facilities for sale or looking for co investors Export Oriented Manufacturing Export Oriented Manufacturing

 The Region of Central Macedonia went through a period of rapid industrial and economic growth that shaped today’s urban network dominated by the Greater Thessaloniki Area and complemented by smaller urban centers  The manufacturing sector remains highly specialized in certain medium to low technology and labour intensive sectors. It accounts for a significant part of regional employment and thus is a factor of social cohesion and a key component of economic activity due to the intense and interactive relationship with other productive activities  Greece’s investment and growth revival has been the result of the government’s new National Development Strategy (NDS), which aims to establish a new investment-friendly environment and promote an export-oriented production model. This model is based on enhanced domestic industrial production of internationally tradable high value-added and knowledge-based goods and services, by increasing employment within the well-educated and highly skilled part of the labor force

Central Macedonia Industrial Areas (I)

Serres (2 Industrial Areas) Type of Area: VI.PE* – VIOPA Established: 1981 -- 2009 Size (000sq.m): 1239 -- 122 Infrastructure: Road, drainage, water, electricity, administration buildings – Road, drainage, water, electricity Natural Gas: Yes --Yes Train: Yes -- Yes Port: No -- No

Kilkis* Type of Area: VI.PE Established: 1983 Size (000sq.m): 1612 Infrastructure: Road, drainage, water, electricity, water treatment facilities, administration buildings. Natural Gas: Yes Train: Yes Port: No

Thessaloniki (4 Industrial Areas) Type of Area: VI.PE * – VIPA – TECHNOPOLIS-EPPATHE* * Established: 1970 - 2009 - 2009 Size (000sq.m): 9400 – 1022 – 94 Infrastructure: Road, drainage, water, electricity, water treatment & administration buildings -- Road, drainage, water, electricity, water treatment & administration buildings . -- Road, drainage, water, electricity. Natural Gas: Yes – Yes -- Yes Train: Yes – Yes -- Yes Port: Yes – Yes -- Yes Central Macedonia Industrial Areas (II)

Edessa * Type of Area: VI.PE Established: 1987 Size (000sq.m): 572 Infrastructure: Road, drainage, water, electricity, water treatment. Natural Gas: No Train: Yes Port: No Zervoxoria

Zervoxoria Type of Area: VIO.PA Established: 2009 Size (000sq.m): 106 Infrastructure: Road, drainage, water, electricity, water treatment, administration buildings Natural Gas: No Train: No Port: No

Koufalia Type of Area: VIPA Established: 2009 Size (000sq.m): 113 Infrastructure: Road, drainage, water, electricity, water treatment & administration buildings. Natural Gas: No Train: No Port: No Investment opportunities

 Strategic geographical position of the region of Central Macedonia and the recent modernization of its transport infrastructures, enable manufacturing sector to better integrate with other consumer markets in EU and Balkans  Due to RCM’s proximity with new Balkan markets, there are many opportunities for other B2B services like warehouses, logistics, supply chains, etc. to grow in the region  A widespread network of industrial areas that provide the required infrastructure for the development of new and existing companies  Unique opportunities for the creation of clusters of companies not only in Greece but also in the bordering countries, which could provide the cost competitive advantage  Strong tradition of the region in food & beverage, textiles, chemicals and metals sectors  Incentives of the New Development Law L.4399/2016 Renewable Energy Sources Renewable Energy Sources – Unexploited Capacity

Region of Central Macedonia has unexploited capacity in Wind and Solar energy As shown in the attached Maps the potential is tremendous. Solar energy capacity Wind energy capacity Investment opportunities in Greece: RES National Targets and Performance

RES technology Target 2020 Capacity 2016

Wind 7500 2047,17 Solar (PV’s) 4200 2093,52 Small Hydro 350 223,18 Even during the economic crisis in Greece, the RES Biomass 350 57,68 sector was one of the growing economic sectors Geothermal 120 0 where investments were made and employment was created Highly exploited area with growing capacity December 2017

The Greek RES market has grown Region of Central Macedonia with a very strong pace. Total Wind Parks: 115,10 MW installed capacity stood at 1,06 GW in 2008 and 4,6 GW in2015, Small Hydro: 49,55 MW 334% increase within the last 7 PV’s: 320,243 MW years! Biomass: 14,91 MW Geothermal: 27,26 MW

Source: www.lagie.gr Food & Agriculture

Food & Beverage: An overview (I)

Key Area Products…and some unique characteristics

Central Macedonian products are held in high esteem, both in the Greek and global market. Producers’ dedication and skill, together with the coordinated efforts of local and national institutions managing and promoting agricultural products, have helped to acquaint the public with these unique, primitive, local products.  Honey: With 6.500 honey workers (32% of total of country) and 1.910 tons of production of exceptional quality of honey annually, it is characterized as the centre of honey production in Greece  Virgin Oil- Olives: Chalkidiki produces oil and olives that excel in flavour and quality, with high nutritious value  Goat cheese – Feta cheese: The Goat Cheese is the traditional cheese of Chalkidiki, produced by unmixed Goats milk and has increased content in protein.  Ouzo- : Chalkidiki is famous for its ouzo and tsipouro production (a strong distilled spirit containing 40-45% alcohol by volume and is produced from the pomace (the residue of the wine press).  Fish: In a 10-acre marine area with a capacity of 3,470 tonnes per year, Mediterranean fish are reared in floating fish cages, 95% of which is exported

Food & Beverage: An overview (II)

Key Area Products…and some unique characteristics

Central Macedonian wines are among the best in the world. In ancient Chalkidiki, famous wines were produced. Today, grapevines are cultivated in central Chalkidiki, in Sithonia and in Mt Athos. A detailed list of famous and distinguished wines from the Region of Central Macedonia is as follows:

PDO (VLQPRD) wines: .PDO (VLQPRD) Naousa, .PDO(VLQPRD) Goumenissa .PDO (VLQPRD) Amyndeo .PDO (VLQPRD) Plagies Melitona By regional Unit: Mt Pangeo, Drama, Agora, Adriani, Serres, Halkidiki, Sithonia, Mt Athos, Thessaloniki, , Slopes of Mt , Messimvria, Pella, , , Imathia, Velvendos, and . By variety:  Roditis and Sauvignon , Xinomavro, Grenache Rouge and Cabernet, Sauvignon (Chalkidiki) Roditis, Athiri, Assyrtico, Sauvignon Blanc, Limnio, Xinomavro, Cabernet Sauvignon and Grenache Rouge (Mount Athos)  Limnio, an old Greek variety together with Cabernet Sauvignon and Cabernet Franc gave birth to the red V.Q.P.R.D. ‘Slopes of Mt Meliton'. Under the same Appellation of Origin a white wine is produced as well, from the successful blend of the varieties Assyrtico, Roditis and Athiri.

Investment opportunities: Food & Beverage

Recent Developments/New Opportunities

• Rural Development Programme (RDP) 2014-2020 focuses mainly on strengthening farm viability and competitiveness, preserving and enhancing ecosystems and fostering the local development in rural areas • Investments in wine, olives, cheese, and honey • Further Investments in aquaculture • Demand for ecologically produced agricultural products rising world –wide

Source:https://www.espa.gr/en/pages/staticRuralDev.aspx Leading Companies in Central Macedonia

Source: ICAP Enterprise Greece

Enterprise Greece is the new, official agency of the Greek State, under the supervision of the Ministry for Economy and Development. Its mandate is to showcase Greece as an outstanding destination for investment and to promote the highly competitive products and services produced in Greece for export. Investment Trade

•Attracts, welcomes, promotes, supports and •Promotes the export of Greek products and retains investment in Greece services internationally through marketing, events, •Promotes Greece internationally as an attractive and trade centres investment destination •Supports Greek producers and service providers •Accepts applications, evaluates and supports with guidance, assistance, information and Greece’s Strategic Investment (Fast Track) projects resources to better reach international markets •Provides investors with the Investor Ombudsman •Connects Greek exporters and entrepreneurs with service potential partners around the world •Informs investors of Greece’s institutional, tax, •Organizes the presence of Greek companies at legal, and financial framework conferences, fora, exhibitions and trade shows in •Supports investors in accessing finance global markets • Partners with related organisations, domestic and •Hosts foreign delegations and visitors to , to promote Greece as an investment •Partners with related organisations, domestic and destination international, to promote Greece’s export market 109 Vasilissis Sophias Ave. Your partner for growth 115 21 Athens, Greece T. 0030 210 33 55 700 F. 0030 210 32 42 079 E. [email protected]