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Athens Exchange to Support Small & Medium Enterprises

130 small and medium-sized companies responded to the invitation by the Athens Stock Exchange administration and attended a gala about the alternative market. 50 of the companies are located outside Attica and operate in sectors such as technology, tourism, agriculture, etc.
President Socratis Lazaridis stressed the importance of ASE to bring out its primary role, i.e. to operate as a fund-raiser. He argued that in this difficult situation in terms of liquidity, the funds must come from abroad. “We should convert our three characteristics into opportunities”, he said.
The first is the significant exposure of the country in the media due to the crisis, the second is the ASE track record of €30b in the last five years and the third is the privatizations of €50b.
Nikolaos Travlos, Dean of Alba, said that ASE has recorded a significant progress in the recent year, but the lack of competitiveness in the country does not help in raising funds.
Vassilis Katsikiotis, president of Wind Jammer Way Advisors, stated that Greece posses decent human resources and could attract funds that invest in people. In fact, he said that his company is willing to invest in 2%-5% of excellent students in Polytechnics and this investment would be recouped by future revenues from business activities.
Theodoros Krintas, CEO of Attica Wealth Management said that small enterprises with vision are the main productive force of the Greek economy. Therefore, such initiatives are important.
(source: capital)

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