Greece offers opportunities for investors willing to take risks

Thanasis Gavos   Sun, 28 May 2017; 19:37

An open-air cinema with a natural backdrop of twinkling city lights and the inky Aegean Sea is the latest attraction for shoppers at One Salonica, a mall in the Greek port of Thessaloniki.

The new screen is the eighth that Cineplexx, an Austrian investor, has opened at the mall in a low-income neighbourhood since the company came to Greece two years ago. Christof Papousek, chief financial officer and a partner in Cineplexx, says the investment has worked out well.

“We’re profitable there, we feel in a very comfortable position and we’re ready to expand in the Greek market,” he says.

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