Greece’s proximity to other countries in southeastern Europe, and the traditional trade ties of Greek business people with these neighboring countries, offer a variety of additional opportunities for foreign businesses. Greece, particularly through its northern port city of Thessaloniki, sees itself as a natural gateway to the Balkan countries. Greek firms enjoy good commercial ties to Central and eastern European markets as well, including the Black Sea region. Low employment costs with high academic profiles, low cost of living and administrative costs are a few of the reasons why foreign companies choose Greece to expand their business.