Pytheas

17/12/2009 Greece must change or sink!
Slashing the Greek budget deficit from 12.7% of gross domestic product to below the EU’s 3% limit by 2013 is clear. The problem is getting there. Since 1981, the Greek budget deficit has only been that low once, in 2006. True, over the previous decade the deficit did shrink from a ruinous 15% of GDP to within a 3%. But that took more than nine years. The Greek government now proposes tightening almost as much and in half the time. And public acceptance of these measures is key to the success of stabilizing Greece’s situation over the long term.

27/10/2009 The Top 100 Global Infrastructure Projects Announced
CG/LA Infrastructure LLC, announced recently the release of the Top 100 Global Strategic Infrastructure Projects. The total estimated value of the projects identified is nearly US$550 billion. The Top 100 List is released prior to the 3rd Annual Global Forum (New York City, Dec. 9-11, 2009).

12/10/2009 What about the Sterling? Is it in crisis? Is Britain bankrupt?
The Pound has been taking a battering in recent years, not helped by a policy of benign neglect by the Bank of England. Despite a 10% appreciation in the first half of 2009, at the end of June 2009(2) the £ERI was around 20% lower than in August 2007. At present, while currency experts focus on the plight of the dollar, it is clear that the outlook of the sterling could be just as bad, if not worse. The dollar sank to its weakest levels of the year this week against most major currencies and the pound also took a beating, hitting a four-month low against the dollar and a six-month low against the euro. Data shows that speculators are selling the British currency more heavily than at any point since records began in 1972.

Sterling’s weaknesses stems from several factors, many of them similar to the challenges facing the dollar. Short term interest rates in the UK are very low and are expected to remain that way. The UK budget deficit is set to exceed 12% of GDP in the financial year ending in March, one of the highest budget gaps in the developed world. With tax income ravaged by the recession and welfare bills rising, the treasury expects net debt to reach 80% of GDP by the middle of the next decade, more than double that it was before the downturn started.

15/05/2009 Sarkozy and Merkel: Franco-German reconciliation is great news for Europe… and probably the first sign of a much sought after EU leadership and vision!
The so-called “divorce” of the Franco-German couple was lamented after the French EU presidency. The air has now been cleared; the two leaders were reunited on 10 May 2009 in Berlin regarding the upcoming European elections.

The aim of this campaign meeting was to defend the vision of a European (political) “commune”. With less than four weeks to go until the European elections, between 4 to 7 June, this political meeting took place close to Potsdamer Platz in Berlin – a symbol of Germany’s reunification – and delivered the kind of Franco-German hammer blow last felt at the G20 summit in London, on 2 April.

01/05/2009 New General Manager for Pytheas’ Soil, Water & Life Solutions
Mr. Shuki Dinman, is appointed as General Manager for Pytheas’ Soil, Water & Life Solutions (SWLS).

Mr. Dinman, 57 years of age and a Mechanical Engineer, has extensive and diverse international experience with companies such as Plastro Irrigation Systems, E.I.L. Plastic Industries and Kulso.

Mr. Dinman shall spearhead SWLS, the water, land, soil, alternative energy and environmental management engineering solutions advisory of Pytheas. SWLS services cover all aspects of water, land and soil management, i.e. water engineering and water resources management including, water supply and mitigation, hydrological risk assessment, water sensitive urban design, mine water management, desalination, low-volume irrigation; soil properties and management, farm systems designs, tillage management, crop management, land reclamation and improvement, environmental management, waste management, etc. Also, alternative energy sources, i.e. solar, wind power, geothermal, tides, hydroelectric, biodiesel, ethanol, hybrids.

03/11/2008 Pytheas invests up to S$94.60 million in cash in Addvalue Technologies
Pytheas (Cyprus) Limited, a Pytheas company, on 28 September 2008, entered into an Investment Agreement (the "Investment Agreement") with Addvalue Technologies Ltd. (Addvalue), whereby Pytheas will invest up to S$94.96 million in cash in Addvalue.

Despite the current volatile global financial market conditions, Pytheas, committed to complete this acquisition due to the strategic fit of Addvalue’s products and services to its business as well as for the benefits of a acquiring a Singapore Exchange-listed platform for its Asian expansion plans. This Investment Agreement officially kick starts a mutually beneficial alliance of interests that will leverage on the partners’ key strengths to enhance each other’s core competencies.

01/11/2008 Home4U, a PYTHEAS Preferred Associate
PYTHEAS appoints Home4U Estates Limited as a Preferred Associate in Real Property for the Republic of Cyprus. Home4U is a leading national real estate service provider with global reach registered in Cyprus with Head Offices in its capital Nicosia. Although the Company was established in 2004, it encompasses real estate expertise of more than three decades old and boasts unrivalled growth. Home4U considers itself a company that leads rather than follows. Home4U is focused to its clients and industry.

Home4U provides a wide range of property services to meet the needs of business and the public sector, and has the capacity to undertake virtually any property consultancy commission.

21/12/2006 PYTHEAS announces new regional corporate offices for the Middle East in Dubai, U.A.E.
Dubai has emerged as a leading regional commercial hub with state-of-art infrastructure and a world class business environment. Soaring economic growth, high oil prices, legal reforms and sovereign stability, accompanied by negligible to non-existent taxation make it the logical hub in the Middle East .

Apart from providing the forward thinking investor with a unique and comprehensive value added platform, Dubai offers a superior quality lifestyle that is truly international with luxury residential and office accommodation and excellent educational, health, leisure and shopping facilities.

PYTHEAS is in the process of establishing three new entities which are estimated to be fully operational by the end of January 2007, (a) PYTHEAS (GCC) and (b) PYTHEAS (UAE) which will have an offshore and regional status and (c) PYTHEAS REAL PROPERTY (UAE) which shall have an onshore one.

30/09/2006 Investing in Malaysia – At the heart of Southeast Asia
The first version of a presentation by PYTHEAS Investors Service on everything you need to know about investing in Malaysia, with the title "Investing in Malaysia – At the heart of Southeast Asia".

Proof of PYTHEAS' world renowned market research capabilities, you will find this report thorough and complete. Addressing all issues that an investor should be aware of, this overview analyzes Malaysia's main sectors of economy, identifies investment opportunities and portrays its physiognomy, history, culture and demography.

01/09/2006 PYTHEAS announces new corporate offices in Doha, Qatar
Expanding even further its international presence, PYTHEAS, plans to open new offices in Doha, Qatar with the establishing of three new companies (a) PYTHEAS (QATAR), (b) PYTHEAS REAL PROPERTY and (c) PYTHEAS ENERGY.

Committed to our vision, “to be our client’s first choice and partner” while retaining a client focus in everything we do, we are convinced that Qatar provides the ideal opportunity and environment to demonstrate the essence of what we believe in – to provide market-driven, customer-focused innovations and services that deliver total solutions and peace of mind to our valued clients.

It is the opinion of PYTHEAS that Qatar is the country with the best economic outlook in the world (see relevant presentation). An excellent start-up market and a GCC hub, Qatar is a key energy exporter and is fast becoming the world’s richest state in per capita terms.

28/02/2006 Doing Business in Kuwait
The first version of a presentation by PYTHEAS Investors Service on everything you need to know about investing in Kuwait, with the title "Doing Business in Kuwait".

Proof of PYTHEAS' world renowned market research capabilities, you will find this report thorough and complete. Addressing all issues that an investor should be aware of, this overview analyzes Kuwait's main sectors of economy, identifies investment opportunities and portrays its physiognomy, history, culture and demography.

31/01/2006 Investing in Qatar, the country with the best economic outlook in the world
The first version of a presentation by PYTHEAS Investors Service on everything you need to know about investing in Qatar, with the title "Investing in Qatar, the country with the best economic outlook in the world".

Proof of PYTHEAS' world renowned market research capabilities, you will find this report thorough and complete. Addressing all issues that an investor should be aware of, this overview analyzes Qatar's main sectors of economy, identifies investment opportunities and portrays its physiognomy, history, culture and demography.

15/11/2005 Investing in Montenegro, the pearl of the Adriatic
The first version of a presentation by PYTHEAS Investors Service on everything you need to know about investing in Montenegro, with the title "Investing in Montenegro, the pearl of the Adriatic".

Proof of PYTHEAS' world renowned market research capabilities, you will find this report thorough and complete. Addressing all issues that an investor should be aware of, this overview analyzes Montenegro's main sectors of economy and portrays its physiognomy, history, culture and demography.

01/11/2005 Ukraine, business at the center of Europe
The first version of a presentation by PYTHEAS Investors Service on everything you need to know about investing in Europe's second largest country, "Ukraine, business at the center of Europe".

Proof of PYTHEAS' world renowned market research capabilities, you will find this report thorough and complete. Addressing all issues that an investor should be aware of, this overview analyzes Ukraine's main sectors of economy and portrays its physiognomy, history, culture and demography.

31/08/2005 Doing business in Yemen, passage to the Middle East, Africa and Asia

The first version of a presentation by PYTHEAS Investors Service and Elite Consulting Horwath Middle East on everything you need to know about investing in Yemen or utilizing its strategic location, with title, "Doing Business in Yemen, passage to the Middle East, Africa and Asia".

Proof of the recent synergy of two world leading organizations, PYTHEAS and ELITE CONSULTING, you will find this introductory report thorough and complete. Addressing all issues that an investor should be aware of, this overview attempts to answer and it does answer, the valid questions: What makes this South Middle Eastern country so special? Why does Yemen have the potential of becoming the region's preferred business hub?

07/08/2005 Elite Consulting Middle East, a Pytheas Preferred Associate
Elite Consulting Middle East has been appointed a PYTHEAS Preferred Associate.

ELITE CONSULTING, a member firm of Horwath International provides innovative business solutions in the areas of Assurance, Business Services, Consulting, Corporate Finance, Risk Management, Tax and Technology.

ELITE CONSULTING holds a wealth of experience brought forward by its professionals, professionals that have worked for international business conglomerates such is and not only the World Bank, Deloitte & Touche, Morgan Stanley, Nokia USA, USAID, NASD Inc., Needham & Co.

Undoubtedly one of the leading professional services organizations in the Middle East maintains offices in Bahrain, Egypt, Jordan, Kuwait, Lebanon, Libya, Oman, Qatar, Saudi Arabia, Sudan, Syria, United Arab Emirates and Yemen.

With PYTHEAS' tremendous investment, capital raising and market research capabilities ELITE CONSULTING enhances and compliments its current products and services, enabling the Organization to deliver a broader array of solutions to its valued clients.

01/03/2005 Hand-in-Hand House of Insurances, a Pytheas Preferred Associate
Hand-in-Hand House of Insurances of Cyprus have been appointed as a PYTHEAS Preferred Associate.

For more than a decade and a half Hand-in-Hand an agent of insurance companies is dedicated to helping people achieve health and financial security by providing easy access to safe, cost-effective, high-quality insurance coverage protecting against risks.

As a PYTHEAS Preferred Associate, Hand-in-Hand, enables its Clients to benefit from Pytheas' investment management capabilities which are among the best in the industry, offering a wide range of investment products and solutions.

28/02/2005 Aloneftis Andreas Printing & Publishing appoints PYTHEAS as its strategic and business development advisor
Aloneftis Andreas Printing & Publishing Co. Limited (AA) of Cyprus engages PYTHEAS as its strategic and business development advisor. Part of AA's primary strategy and short term objective is to expand both local and overseas business but also reinforce its organizational structure, operations and procedures.

AA is one of the leading printing houses in Cyprus with a history of more than three decades and a clientele base that extends to the Middle East and Sub-Saharan Africa.

18/02/2005 Investing in Cyprus, an EU bridge to the world of business
The second version of a presentation by PYTHEAS Investors Service on everything you need to know about investing in Cyprus or utilizing the strategic location of this EU member island and its incompatible fiscal incentives as a regional and world business hub, with title, "Investing in Cyprus, an EU bridge to the world of business".

Proof of PYTHEAS' world renowned market research capabilities, you will find this report thorough and complete. Addressing all issues that an investor should be aware of, this overview attempts to answer and it does answer, the valid questions: What makes this EU member country so special? Why is Cyprus becoming the region's, and not only, preferred business hub?

01/02/2005 ManSystems Business Consultants, a Pytheas Preferred Associate
ManSystems Business Consultants of Cyprus have been appointed as a PYTHEAS Preferred Associate.

MANSYSTEMS is a leading consulting company based in Cyprus with particular focus on Management Systems Certification such is ISO, HACCP and CE.

As a PYTHEAS Preferred Associate, ManSystems, enhances its current products and services and expands its global reach enabling the Company to deliver a broader array of solutions to its valued clients.

20/12/2004 Plastro of Israel appoints Kosmo-Plast of Cyprus as their Exclusive Distributors with the assistance of PYTHEAS
PYTHEAS has been engaged by Plastro Irrigation Systems Limited (Israel) and Kosmo-Plast & Co. (Cyprus) to act as their Corporate Finance & Business Development Advisor for their joined activities in Cyprus and elsewhere.

Plastro is a world leader in the manufacture and supply of irrigation equipment and systems – Low Volume Irrigation for agriculture. Established in 1965 as the communal industry of Kibbutz Gvat, Plastro is a public company traded on the Tel Aviv Stock Exchange (TASE). With a 630-strong workforce it operates 14 international subsidiaries, has over 100 distributors and agents, and is active in over 60 countries worldwide. Member of the PLASTRO Group it offers a wide range of irrigation products, systems and solutions.

Kosmo-Plast based in Paphos, Cyprus is one of the leading manufacturer of PVC and PE pipes and fittings as well as agricultural and industrial film. Established in 1975 has 30 staff with sales outlets, distributors and agents all over Cyprus.

PYTHEAS initiated discussions between the two companies, assisted them on the negotiation process and on deciding the form of association.

As a result, Plastro has appointed Kosmo-Plast as their Exclusive Distributor for Cyprus.

PYTHEAS and as per the engagement shall continue to advise the two companies in their strategic decision to investigate the possibilities of further cooperation such is the joined production of products in Kosmo-Plast's facilities in Cyprus.

08/11/2004 Helliniki Techniki appoints PYTHEAS as its strategic advisor…
Helliniki Techniki S.A. (HT) of Greece engages PYTHEAS as its strategic advisor for the collection of dues owed to HT by the Iraqi Government.

Helliniki Techniki, a leading in the 90s Greek construction company and one of the very few with successful at the time international track record, has undertaken and delivered in Iraq four of the most prestigious projects, such is, the "Building Complex of the Ministry of Foreign Affairs", "Hotel Babylon" - a five-star hotel, the "Building Complex Offices and Multi-Storey Parking at Rassafi Square" and the "Baquba Bridge and Access Roads".

06/10/2004 Press release
KTIMATOEMPORIKI Limited, a PYTHEAS Exclusive Associate, participated in the 2004 Oslo Plaza Real Estate Exhibition which took place on the 3rd and 4th of October. Acknowledged by both visitors and other exhibitors as probably the most successful stand on the floor, KTIMATOEMPORIKI and MIDDELHAVSHUS - KTIMATOEMPORIKI's Exclusive Associate for Norway - exhibited their properties in Crete, Naxos, Antiparos, Cyprus and South Africa.

The presence of KTIMATOEMPORIKI in this international exhibition is within context of the Company's new 2005 business plan as reinforced after its exclusive association since 1 November 2003 with PYTHEAS. In terms of promotion to the overseas markets KTIMATOEMPORIKI plans to intensively address the markets of Scandinavia, UK, Germany, Holland, Austria, Switzerland, France, Italy, Russia and the UAE.

Maintaining always a client focus, KTIMATOEMPORIKI plans within 2005 to establish 11 sales outlets in Crete and set-up rep offices in Sweden and Denmark.

13/02/2004 Buying real property in the Greek island of Crete
Publication by PYTHEAS Emerging Markets Research of a market overview on the real estate industry of Crete, with title, “Buying real property in the Greek island of Crete – Why, how and what you should be aware of”.

Proof of PYTHEAS’ world renowned market research capabilities, you will find this report thorough and complete, whether you are a permanent or seasonal home seeker, an individual or a corporate investor. While addressing all issues that an investor/individual should be aware of, this overview touches also topics such as Crete’s physiognomy, history, culture and demography.

01/11/2003 Ktimatoemporiki Kritis, a PYTHEAS Exclusive Associate
PYTHEAS appoints KTIMATOEMPORIKI KRITIS as an Exclusive Associate in Real Property for the Greek island of Crete. KTIMATOEMPORIKI KRITIS is by far the leading real estate agency on this highly sought after for property island, based in the town of Chania.