Apostolos Tamvakakis, managing director of the National Bank of Greece (NBG), was awarded the "Manager of the Year" award by the Hellenic Management Association for the year 2010, during a ceremony held Thursday evening at the Megaron-Athens Concert Hall.

Addressing the event, government vice-president Theodoros Pangalos said that Greece and Greek companies have immense abilities, adding that in this time of economic crisis enterprises were being created, invention patent applications were being submitted, and investments were on the way.