Shipping A New Era - aegean marine petroleum network inc.

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AEGEAN ROUTES Aegean Investing in Bulgaria Aegean is participating in the construction of two state-ofthe-art office and shopping centers in Sofia, the Bulgarian capital. The new complexes represent a forward-looking approach to the economic development of Southeast Europe. The shopping and office structures, one totalling 5,000 m 2 and the other 10,000m 2 , are being built in the downtown section of Sofia, where demand for contemporary, high-quality retail and office space is growing. Greek investment in Bulgaria is very high. At a speech in Sofia recently, Greek Economy and Finance Minister Nikos Christodoulakis said mutual investments, joint business initiatives, and infrastructure projects are the main directions for bilateral joint efforts. 22 AEGEAN NEWS AUTUMN 2003
AEGEAN ROUTES The Internal Auditor KONSTADINOS DIMAKOS | INTERNAL AUDITOR The position of the internal auditor of a company, a position with its own history in the business world, was founded by large enterprises abroad and is now also well-established in their subsidiaries and affiliated companies throughout the world, including Greece. In recent years, major companies in Greece, especially those listed on the stock exchange, have also started to create departments of internal auditing. The function of the internal auditor is very important because the auditor helps organize not only financial functions, but also enhances cooperation between the financial department and other departments in the organization. To do so, the internal auditor establishes procedures and periodically inspects whether those procedures are followed. This also has an impact on the external appearance of the company since cooperation with customers, suppliers, and the company is improved. Moreover, an important aspect of the internal auditor’s job is to ensure maximum profit for the stockholders of the company by minimizing costs and lost revenue. In large companies, these functions become more vital and beneficial, and in companies such as Aegean, which is growing at a rapid rate, they substantially contribute to efficiency and performance. “The function of the internal auditor is very important because the auditor helps organize not only financial functions, but also enhances cooperation between the financial department and other departments in the organization.” Konstantinos Dimakos Internal Auditor Mr. Dimakos graduated from the Athens University of Economic and Business with a specialization in financial analysis (balance sheet analysis and tax issues). He has extensive experience, since 1979, as credit controller and account manager in large manufacturing, commercial, and shipping companies and as auditor of the State Corps of Auditors. Aegean Car Wash A New Initiative Aegean is preparing to launch a new initiative in the Greek market that will radically change the concept of "washing the car." Aegean's new Car Wash System, set to begin operation in Thessaloniki by the end of the year, will be a mini "Car City" where motorists can give their automobile a thorough and safe wash while at the same time purchase a variety of auto accessories. The new system, imported from the United States, will wash cars with a gentle yet thorough wash cycle that will not harm any of the car's paint, metal, or glass, and will even protect a user's car from damage. The new car wash center will become a hub where all owners can give their cars total care, through exterior and interior cleaning, waxing, and by applying protective and restorative coatings. In addition, motorists will be able to repair and replace damaged or worn accessories so that the one-stopcar-care shop is a total solution for personal automobile maintenance. Aegean's first Car Wash System is expected to open in December next to the Aegean station of Vassilis Dimitriadis near the Thessaloniki Airport. During 2004, the Aegean Car Wash System will expand throughout Greece, along with the Aegean retail outlet network. AUTUMN 2003 AEGEAN NEWS 23
Page 1: Aegean News T H E Q U A R T E R L Y
Page 5 and 6: contents 4 Aegean's new headquarter
Page 7 and 8: New Lubricants Manager at Aegean Ma
Page 9 and 10: 194,000 People Employed in Oceangoi
Page 11 and 12: free market in coastal shipping wil
Page 13 and 14: companies and will be a deterrent f
Page 15 and 16: Greek shipowners state that keeping
Page 17 and 18: Community Shipowners Association, G
Page 19 and 20: AEGEAN IN FUJAIRAH Aegean Bunkering
Page 21 and 22: AEGEAN MARINE Aegean Marine Petrole
Page 23: STATION OF THE MONTH Securing an Ae
Page 27 and 28: not so much the size, but the quali
Page 29 and 30: EXPLORATION The Story of Oil Oil wa
Page 31 and 32: 2004 OLYMPIC GAMES The Ancient Game
Page 33 and 34: A look that says THE AEGEAN IMAGE

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