45 Greece-registered companies in Ukraine; wheat supply for Greek flour mills eyed

Greek producers are, as expected, considering alternative sources of raw materials currently imported from Ukrainian and Russian suppliers, given the ongoing invasion by Russian military forces against the former.

At the same time, Greek companies active in Ukraine, similar to most other investors and multinationals with operations there, are reportedly prioritizing the safety of their employees.

According to the trade and economy office at the Greek embassy in Kiev, 45 Greece-registered companies are active in Ukraine, practically all located in Kiev, Odessa, Kharkov and Lvov.

Most are engaged in the supply of foodstuffs and seasonal farm goods, but also in crewing for ocean-going vessels – centered in Odessa – corporate consulting, tourism and in the food & beverage sector.

In terms of the major units, Coca-Cola HBC closed its 11-production line facility in Kiev, and has asked its workforce to remain at home, a spokesman told Reuters.

Household goods-maker Sarantis also closed its Ergopack LLC subsidiary in Kaniv, as did Elton group in Kiev.

On the “supply side”, the Loulis fluor mills announced that 17 percent of the total wheat it processes emanates from Ukraine and Russia. The company, in response to a question by the Hellenic Capital Markets’ Commission, said it has alternative suppliers already lined up.

The value of wheat imported from the two countries by Kepenou Mills reaches 33 percent of its total. The same figure, roughly, was reported by Sarantopoulos Mills.