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Business Partners | January-February 2012

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The magazine of the American-Hellenic Chamber of Commerce
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  • BUSINESS

    JANUARY-FEBRUARY 2012Vol. XI | No. 58Thought Leaders Moving Greece ForwardWashington Watchgreece a strategic energy opportunity

    entrepreneurial spirit allocentrism

    north greecethessaloniki celebrates

    hr today made in greece

    plusbiz buzznames & Facestrends & trade makers

    bponline.amcham.gr

    A Vision for the Future

    Dionysios Filiotis, President of SFEEHellenic Association

    of Pharmaceutical Companies

    american-hellenicchamber oF commercewww.amcham.gr

  • AMERICAN - HELLENIC CHAMBER OF COMMERCE

    Head OfficePolitia Business Center, 109-111 Messoghion Avenue, 115 26 Athens Tel: 210 699.3559 | Fax: 210 698.5686, 210 698.5687, 210 699.5033

    E-Mail: info@amcham.gr | www.amcham.gr

    Branch Office47 Vasileos Irakleiou Street, 546 23 Thessaloniki Tel: 2310 286.453, 239.337 | Fax: 2310 225.162

    E-mail: n.tsavdaroglou@amcham.gr

  • Please R

    ecycle

    JaNUaRy-FeBRUaRy 2012 | BUSINESS PARTNERS |

    4 THEBOARD 6 WAsHingTOnOuTlOOk

    Greecea strategic energy Opportunity by AlexAndros Petersen

    8 CHAmBERnEWs10 HRTODAy

    Made in Greece by AndriAnA theodorAkoPoulou

    12 EnTREpREnEuRiAlspiRiTallocentrism Piloting the Hellenic-american Innovation Bridge by eliAs G. CArAyAnnis

    14 nAmEs&FACEsinTHEnEWs16 BusinEssFilE

    Mediation: Resolving DisputesWith Benefits by MAriA ChouPres

    18 BiZBuZZcurrents in Todays Business environment

    20 OnEWORlDanti-Money laundering and counter-Terrorist Financing: changes & challenges by dionysios s. deMetis

    22 TRAvElusADiscover americaHawaii and Idaho

    24 THEinTERviEWDionysios Filiotis, President of sFee (Hellenic association of Pharmaceutical companies)

    29 inpROFilEattica BankFlexibility and customer service

    30 THOugHTlEADERsNew VoicesMoving Greece Forward: six young entrepre-neurs

    38 vAnTAgEpOinTInvestment Opportunities in the Greek Banking system by nikolAos i. GeorGikoPoulos

    40 EnTERpRisERepresenting U.s. Firms in Greece

    42 nORTHgREECEThessaloniki celebrates

    44 TREnDs&TRADEmAkERs46 BusinEss2BusinEss

    a B2B Toolbox

    48 viEWpOinTWhats Next? The World Future society

    COnTEnTsvOlumEXi|numBER58 AMERICAN-HELLENIC CHAMBER OF COMMERCECHAMBER.PRESS AMERICAN-HELLENIC CHAMBER OF COMMERCECHAMBER.PRESSISSN 1109-4990 CODE: 6526

    DIRecTORElias Spirtounias e.spirtounias@amcham.gr

    PUBlIsHeR & eDITOR Raymond Materamateray@ath.forthnet.gr

    aDVeRTIsING Raymond Materamateray@ath.forthnet.gr

    DesIGNsnack

    PRINTING & BINDINGA. PSILLIDIS & CO

    OWNeRAmerican-Hellenic Chamber of CommercePolitia Business Center109-111 Messoghion Avenue 115 26 AthensTel: +30 210 699.3559Fax: +30 210 698.5686-7 E-mail: info@amcham.gr

    BRaNcH OFFIce47 Vassileos Irakleiou Street 546 23 ThessalonikiTel: +30 2310 286.453, 239.337Fax: +30 2310 225.162E-mail: n.tsavdaroglou@amcham.gr

    BusinEsspARTnERs is THEBimOnTHlymAgAZinE Of thE AmErICAN-hEllENIC ChAmbEr Of COmmErCE

    BpOnlinE.AmCHAm.gR

    24Dionysios Filiotis, President of sFee (Hellenic association of Pharmaceutical companies)

    discusses how Greece can fulfill its potential

    36alexandros Petersen, an

    advisor with the european energy security Initiative

    (eesI) at the Woodrow Wilson International center for

    scholars, launches a new column, Washington Outlook

    40Dionysios s. Demetis, PhD, of syntax IT Inc., on anti-Money

    laundering and counter-Terrorist Financing: changes &

    challenges

  • DiRECTORsDEskBest wishes for a joyful, happy, and creative new year.

    2012 will be a difficult yet decisive year for Greece, its economy, and the EU, and one in which a clear course should be established. Much has been analyzed yet little has been done to secure a bright future. Why? The self-interested positions of political parties and other special interest groups, in combination with a lack of practical knowledge that recognizes the logical parameters of the Greek economy, prevent us from carrying out the reform that is so obviously needed. And yet, ironically, the inventiveness to collect new taxes shows an uncanny sense of innovation and ingeniousness. Nevertheless we should not allow amateur experimentation to continue any longer.

    The American-Hellenic Chamber of Commerce believes that Greece has significant advantages and many possibilities for growth. The lone forces that can develop these possibilities are healthy private business initiative and entrepreneurship.These forces insist on the disengagement from government dependence and overcoming obstacles with creativity and production. These forces can multiply growth opportunities, reduce state intervention, and promote comparative advantages, ensuring economic growth and a rise in employment, the most critical issue in Greece today. Growth will also spring from investment, which will follow only with the implementation of healthy and much-needed reforms. That is to say, a comprehensive, fair, and consistent taxation regime, a bureaucracy that serves citizens and is not a constant source of corruption, and a sincere agreement among stakeholders on employment issues that allow for growth and security based on rational wages, based on the productivity and performance of employees. Competitiveness is dependant on wages to small extent and to a larger extent on taxation and bureaucratic cost.

    In 2012 our Chamber celebrates 80 years of operation. Throughout the year we shall host a number of activities, over and above those normally on our calendar. Many of these activities will celebrate a glori-ous past. But more important, we shall focus on the values, initiatives, and relationships necessary for a dynamic future. We shall celebrate and encourage the entrepreneurial spirit, especially among the younger generation, new relationships with the United States, and new initiatives to support investment in Greece.

    We call on all our members and partners to celebrate with us and to promote the mind set and values that will create a new social, cultural, and business era in Greece.

    ElIAS SPIRToUNIASExecutive Director

    The american-Hellenic chamber of commerce was established in 1932 and is one of the largest, most active, and dynamic ameri-can 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.The chamber's membership is comprised of more than 1,000 proactive companies that seek to expand business horizons, cre-ate new business partnerships, and take advantage of trade and investment opportunities in today's global economy. The american-Hellenic chamber of commerce is an active mem-

    ber of the U.s. chamber of commerce in Washington D.c. and the european council of american chambers of commerce (ecacc).

    MissionstateMentThe american-Hellenic chamber of commerce strives for con-tinuous improvement of american-Hellenic commercial and financial relations, through increased membership and through the organization of top-quality events, exhibitions, fora, seminars, and congresses on both sides of the atlantic.

    The American-Hellenic Chamber of CommerceA DynAmic, ProActive chAmber

    | BUSINESS PARTNERS | JaNUaRy-FeBRUaRy 2012

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    SAS for GovernmentSolutions for Public Sector Organizations | Analytics | Business Intelligence | Data Management

    M! SAS !

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    SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. indicates USA registration. Other brand and product names are trademarks of their respective companies. 2010 SAS Institute Inc. All rights reserved. 66716US.1210

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  • | BUSINESS PARTNERS | JaNUaRy-FeBRUaRy 2012

    American-hellenic chamber of commerce

    executivecoMMitteeGramatidis Yanos President | BAHAS, GRAMATIDIS & PARTNERSKyriacou Marios T. Vice President | KPMG CERTIFIED AUDITORS A.E.Bakatselos Nikolas Vice President | PYRAMIS METALLOURGIA A.E.Karayannis Angelos Secretary General | KARAYANNIS K. GROUP OF COMPANIESPanayotopoulos Litsa Treasurer | PYRODOMI LTD.Anastassopoulos Simos Counselor | PETSIAVAS N. S.A.Bacacos George Counselor | BACACOS P. CHEMICAL & PHARMACEUTICAL

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