The Regional Development Company of Crete S.A. (P.ANETAI.K.), originally named Development Company of the Prefecture of Chania S.A., was established in 2003 to manage on behalf of the then prefectural administration, OADYK (now OAK), and the Union of Agricultural Cooperatives (EAS) the then Regional Market of Chania (fruits and vegetables) and the building complex in Agyia. The purpose was for the building complex to operate as an exhibition and development center under the name "Mediterranean Development Center of Crete" during 2004-2006.
In 2017, the Regional Authority proceeded with a reorganization of the corporate structure of P.ANETAI.K. S.A., aiming to utilize it as the developmental arm of the Region, as it is the only Development Company of the Region of Crete. The Region of Crete holds the majority of the corporate capital along with the Crete Development Organization S.A.
Among the purposes of P.AN.ETAI.K. AE are included:
- The management of the former Regional Market of Chania, with its main activity being the organization of exhibitions and the creation of a Development Exhibition Center focused locally, regionally, and internationally with a broad exhibition theme and particular attention to the promotion and distribution of Cretan products, especially agri-food products as well as agricultural production means, methods, and supplies. This includes activities such as the design and implementation of investment projects and business activities, the management and utilization of properties granted for use and exploitation within its purposes, the creation of exhibition-museum, educational-interactive spaces, incubators, open workshops, etc., the organization of events, exhibitions, conferences, the publication of books, magazines, and other print media, as well as education and training of the local population, particularly those involved in the primary sector.
Furthermore, the following purposes are included:
- The expansion, management, and utilization of infrastructure and environment of the Region of Crete.
- The design, implementation, management, and evaluation of Greek and European programs and the submission of comprehensive proposals including preparation and submission of files to secure funding and resources for its own account or for third parties and businesses involved in regional development.
- The creation of special management funds or credit institutions to support businesses or entrepreneurial initiatives in the Region of Crete.
- The provision of executive and developmental services to bodies and businesses of the Region of Crete, the utilization of their assets, the preparation of all types of studies, and the design and implementation of their programs.
- The undertaking of any form of initiatives and actions aimed at the preservation, promotion, and highlighting of cultural heritage, as well as the planned qualitative tourism development of the Region of Crete.
- The drafting, preparation, participation, and execution of circular economy actions.
- Production, storage, self-consumption or sale or distribution of electrical or other energy from Renewable Energy Sources (RES) plants, Combined Heat and Power (CHP) plants, or Hybrid Plants.
- Provision of energy services.
Related files: GEMI Registration of Valid Articles of Association (Pending Publication)
The legal framework of P.AN.ETAI.K. for the establishment and operation of P.AN.ETAI.K. S.A. is defined by the current provisions of laws 3463/2006 (Government Gazette A’ 114/30.6.2006) and 4548/2018.
The Company operates as a Second Degree Local Government Development S.A. and is a Private Legal Entity (N.P.I.D.). It is the only company that has the form of a development anonymous company in which the Region can hold the majority of the share capital. It operates in accordance with the provisions of commercial and tax legislation, and the specific regulations of paragraph 194 of law 3852/2010.
Development anonymous companies are allowed to participate in other companies to promote the developmental objectives of the region following a decision by the relevant administrative board and with the consent of the relevant regional council by absolute majority of its total members, applying otherwise the provisions of codified law 2190/1920.
Personnel are hired according to the provisions of law 2190/1994 (Government Gazette 28/03.03.1994) as in force. For the conclusion of work contracts, the provisions of law 2527/1997 (Government Gazette A’ 206/8.10.1997) apply. In all cases, Ministerial Decision 33/2006 (Government Gazette A’ 280/28.12.2006) is applied.
The General Assembly of the Company's shareholders is its highest governing body.
The Company is governed by a 9-member Board of Directors (BoD), which includes six representatives from the Region of Crete and three representatives from the O.A.K., appointed following decisions by their competent bodies.
The current Board of Directors of P.AN.ETAI.K. S.A., with a term until 31/01/2027, consists of:
President: Efstratios Flemetakis, Regional Councilor,
Vice President: Spyridon Balantinos, Appointed Regional Councilor responsible for the sector related to the connection between the Primary Sector and Tourism in the Regional Unit of Chania,
BoD Members:
Michail Vamboukas: Thematic Deputy Regional Governor for Entrepreneurship in the Region of Crete,
Eleftherios Kopasis, Director of Strategic Planning & Development, O.A.K. S.A.,
Theodora Koutentaki: Appointed Regional Councilor for the New Generation and Youth Entrepreneurship in the Region of Crete,
Ioannis Manousakas (Vlandas): Appointed Regional Councilor for Civil Protection in the Regional Unit of Chania,
Efstratios Milidakis: Director of Administrative Services, O.A.K. S.A.,
Chrysanthi Charitaki - Makraki : Appointed Regional Councilor for the Primary Sector in the Regional Unit of Chania,
Aristidis Papadogiannis: CEO of O.A.K. S.A.
Director: Petrantonaki - Kalogeri Maria, Physicist, MSc Medical Physics, MSc Environmental Engineering ([email protected]),
Administrative support: Lougiaki Maria, Andreadaki Niki
Accounting support: Patiniotakis Ioannis
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