Although the global economy shows some signs of recovery, Greece faces a grave situation and shows signs of deterioration, 2010 will be a survival year. The investment climate in Greece is negative and expected retirement of many foreign companies from the country.
However, the Group is expected to show satisfactory results for the 2010 as:
- There is significant unfinished remainder from the already undertaken and the contracted projects up to a maximum of € 2.020 million.
- The design and construction of electric power plants will be realized in middle - long term perspective.
- It continues its stable growth path both in local and international markets.
- Takes good care that the finance of the projects will be at the maximum extend from equity capitals that results to reduce of its dependence on bank lending.
METKA is actively pursuing its operations in Greece and abroad, while also expanding dynamically to competitive markets abroad, carrying out EPC contracts for 7 major projects. In particular, implementation of the contracts is progressing for the projects of ENDESA HELLAS in Agios Nikolaos (contract value: €232 million), OMV PETROM in Romania (contract value: €210 million), KORINTHOS POWER in Ag. Theodori (contract value: €285 million), while in 2010 will commence the project of RWE & Turcas Güney Elektrik Uretim A.Ş in Turkey (contract value: €450 million), the project of Syria (contract value: €650 million), the project of the construction of a cogeneration plant in Samsun, Turkey (contract value: €199.9 mil plus $172.3 mil) and the project of the construction of the "Patriot" air-defense systems (contract value: €51,6 million).