George Logothetis, Executive Chairman of Libra Group and Chairman of Libra Philanthropies, spoke about business and philanthropy in Greece at the 26th Annual Capital Link Invest in Greece Forum held recently in New York.
In a fireside chat with Nicolas Bornozis, President of Capital Link, Logothetis highlighted Libra Group’s long-standing investment presence in Greece, Greece’s outlook and attractiveness as a business and investment destination, and the activities of Libra Philanthropies in Greece and around the world.
Logothetis also shared a few pivotal instances of supporting Greece during the years of crisis. He, and Libra Group, is one of Greece’s most loyal and longstanding investors, supporting the country and the Greek economy through the Group’s investments even during the crisis and various economic challenges.
Libra Group is a privately owned, global business group that encompasses 20 businesses focused on aerospace, diversified investments, hospitality, maritime, real estate and renewable energy. With assets and operations in nearly 60 countries, the Group leverages its global network to drive growth at scale.
George Logothetis on Libra Group’s activities in Greece
Group activities in Greece span several key sectors, with a significant impact on tourism, energy, real estate and local communities.
These include Aria Hotels in hospitality with a collection of over 50 properties across Greece;EuroEnergy, a renewable energy investment company; and investment in COCO-MAT, the prominent Greek manufacturer of specialist mattresses, natural sleep products and furnishings.
Logothetis highlighted the remarkable turnaround in the Greek economy, and the investment opportunities ahead given Greece’s political stability, geopolitical significance and favorable business environment.
He stressed that Libra Group remains committed to driving sustainable growth and making a positive impact on the future of Greece.
Replying to Nicolas Bornozis’s questions, Logothetis went on to describe, through specific examples, his long-standing commitment and experience working with government officials in the White House, global financial institutions like the IMF, and business leaders around the world, always having as his main objective the support of Greece, especially during the crisis.
Libra Philanthropies
Logothetis stressed the essential role young people play and their potential for change in Greece. To this point, he described the work of Libra Philanthropies, the sister organization of Libra Group. The independent foundation has helped more than 35 million people around the world and remains committed to Greece.
Libra Philanthropies comprises 10 philanthropic initiatives focusing on social impact programs, strategic giving, and independent nonprofits nurtured within the Libra ecosystem through four core activities: establishing nonprofits; catalyzing existing nonprofits; empowering leaders; and funding change.
Libra Philanthropies’ activities include the creation of organizations in Greece, such as Envolve Entrepreneurship and WE LEAD, as well as financial support for non-profit organizations in Greece.
He highlighted the important work of the Seleni Institute and the Concordia Summit. The Seleni Institute is the world’s most important organization for maternal and perinatal mental health and provides personal therapy and has trained over 5,000 clinicians worldwide.
The Concordia Summit is a global body that convenes heads of state, government officials, leaders of non-profit organizations, think tanks and foundations to find cross-sectoral solutions that address the greatest challenges of our time. The Concordia Annual Summit, held alongside the UN General Assembly in New York each September, is the largest and most comprehensive uncontested forum on global affairs.
Capital Link Forum
The 26th Annual Capital Link Invest in Greece Forum Series entitled “Greece—Speeding Ahead Post Investment Upgrade”, was held with great success and participation, on Monday, December 9, 2024 in New York, in cooperation with the New York Stock Exchange, the Athens Exchange Group (ATHEX Group), and major Global Investment Banks and Organizations.
The Forum honored Yannis Stournaras, Governor of the Bank of Greece, for his outstanding contribution to Greece and Europe.
Capital Link also organized a special ceremony, titled “Greek American Issuer Day” at NYSE, honoring Greece and celebrating the close ties between the US, Greek-Americans, and the Greek Business Communities.
Declaring to investors that “Greece is back,” Greek Minister Christos Staikouras and other officials rang the closing bell at NYSE for the special Greek day.
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