Greece, one of the countries with the highest share in the total inbound investments in Romania, is present in the local market through seven banks, three telecommunication companies - Romtelecom, Cosmote and Germanos - as well as in other key-sectors in the domestic business landscape.
Therefore, Greek managers coordinate considerable businesses in Romania which generated a business pattern specially created for the Greek community in Bucharest – a private school for Athenian expats’ children.
The Greek School of Bucharest “Athena” can be approached as a business as it attracts investments; it returns profit and has paying venues. Nonetheless, in spite of the high cost of the operation, the tuition fees are very low – 3,500 euros.
The Greek School of Bucharest "Athena" was established in 2008, in accordance with the protocol which was signed between the Greek Embassy on behalf of the Greek Administration and the Association of the Greek Parents & Guardians which bears the responsibility for the foundation and operation of the school under the Greek Embassy’s auspice.
In 2008-2009 the school operated as kindergarten and the first 3 classes of the elementary school, whereas each year the school will operate one higher class of the elementary school in order within the next 2 years to operate all the 6 classes of the elementary school as per the Greek curriculum and education system.
“Each year, as the today’s and tomorrow’s children signed up to this school will grow, new classes will be added”, Panos Loukas, general manager Edrasis Construct Group, one of the school’s sponsors and head of the Parents’ Association of Greek School Bucharest told Wall-Street.
Other members of the Parents’ Association include Sotiris Yannopoulos, general manager East Balkans at PepsiCo International – Star Foods, Spiros Vamvakas, commercial manager Sti
