Liveris to help Greece
Dow Chemical IT global support to be hosted in Athens by IBM
Corporations Dow Chemical and IBM announced a significant deal which is set to upgrade business and investment interest in Greece. The two multinationals have agreed that Dow Chemical will also utilise IBM's service centre in Athens as a base from which to offer electronic support concerning its global activities.
This deal involves the new centre that IBM created in Greece with the purpose of supplying big data and business analytics support to its multinational clients.
The announcement of the cooperation agreement took place after senior IBM and Dow officials met with Greek Prime Minister Antonis Samaras in Athens. Mr Samaras met with the chairman and chief executive officer of Dow Chemical, Greek Australian Andrew N. Liveris, and the general manager of IBM Europe, Rich Hume.
On leaving Samaras' office, Liveris hailed the new agreement and was particularly encouraging regarding the course of the Greek economy: "We have witnessed a change in Greece. We have seen a recovery of confidence and credibility. We have seen liquidity return," he said, praising the prime minister's role in this direction. "We could have chosen any place in the world, any place in Europe, but we have chosen Greece."
Hume declined to reveal any details about the agreement with Dow in terms of new jobs, the size of the investment and so on. Market professionals suggest there will be few new jobs but those created will be high-profile. They are expected to be for information technology experts, mathematicians and statisticians. The size of the deal is only known by the two partners.
It is certain, however, that the IBM service centre at the headquarters of its Greek subsidiary could become a global competition focal point. IBM already has such centres in locations such as Berlin, Beijing, Dallas, London, New York, Tokyo, Washington and Zurich.
Chairman and CEO of IBM Ginni Rometty stated her belief that both Dow and IBM will benefit from the innovation stemming from the new generation of talent and high specialisation available in Greece.
"We look forward to the opportunity to contribute to the implementation of Dow's market-driven strategy," Rometty said.
The Deputy Minister for Development and Competition in Greece Notis Mitarakis stated that as a result of the Dow Chemical-IBM cooperation a number of new high skilled jobs will be created in Greece.
"Daily, the climate for quality investments in Greece is changing," Mitarakis said, who highlighted a renewed interest of foreign investors in Greece, because as he said, amongst others, in Greece there is a highly skilled new generation of people ready to enter the workforce.
Source: ekathimerini, ana-mpa
- Register Now
- Three Greek hotels among Europe's Top 25
- When Greece said 'No!'
- In her own image
- A difficult decision: undergoing a double mastectomy
- Pistorius sentence 'appropriate'
- Flood compensation payments to begin
- Should diaspora Greeks be allowed to vote in Greece?
- Fava with vegetables
- Greek-Italian Australian represents Australia in Cyprus
- Amphipolis tomb may lie deeper, says Greek official
- Goody's in Australia
- Stress over brothel phone calls drove Greek Australian to kill wife
- Headaches for Greek Australians with real estate property in Greece
- Gribilas family set up charity to honour daughter
- Cold case still on fire
- Xylouris' family affair
- Wake-up call for early birds
- Philhellene David Hill assembles his monuments men
- Greek icon closes
- Aussie shooting victim in Greece assessing options for compensation
The trial for Peter Dalton, that included testimony from Sam Karamanis, has been thrown out of court after it was decided there was no evidence to lawfully convict Mr Dalton.
The Greek/UK production had its international premiere at the Greek Film Festival.
About 250 to 300 cars were swept away by the torrential rains.
George Savvides behind the resurrection of Australia's largest health insurer.
RMIT student Isabella Radwan has dance the Zorba for close to an hour to win an iPad mini, and a spot in the Lonsdale Street Greek Festival's Zorba till you drop competition
South Sydney chairman Nicholas Pappas reflects on the Rabbitoh's drought- breaking premiership.
International arrivals up 15 per cent, with Britons some of the most common tourists
As Frocktober takes off, Greek community members unite to raise awareness for ovarian cancer research.
In his new play It's War, Sydney-based writer Alex Lykos encourages us to look at the old adage 'good fences make good neighbours'.
Government spokesman Nicos Christodoulides says the vessel's entry into Cyprus' exclusive economic zone is a "clear violation of Cypriot sovereign rights”.
George Misalis killed his wife Zaharia in 2013 after a number of "stressors" in his life.
A group designed to help Greeks migrating to Australia has donated more than $5,000 to Athanasia Mazarkidou's family, after the mother of two passed away.
Bentleigh Greens are making sure they have the best chance at getting to the FFA Cup finals and have scheduled four training sessions in a week
Cycling group Con's Peddlers are taking their bicycles back on the road once again this weekend, taking part in the Ride to Conquer Cancer.
Part one of a series looking at Greek Australian women from the 1820s to the present.
Brisbane's prized recruit Dayne Beams will take on his former Collingwood team-mates in the first round of the 2015 AFL competition.
Leon Petrinos nominated for best Wildlife Photographer of the Year for his "Watchful Cheetah" photo.
Tennis star Nick Kyrgios is hitting the gym, working to get his injuries sorted while preparing for the Australian Open in January.