The Krinides Clay Treatment Centre, located in the Regional Unit of Kavala, a short distance from the archaeological site of Philippi and directly connected to the wider tourism axis of Eastern Macedonia and Thrace, has long constituted an important natural and development resource for the region.
Its operation under municipal management has traditionally given a strong social dimension to the clay treatment and hydrotherapy services provided. However, despite the implementation in recent years of a funded modernization investment program, the existing — as well as the new infrastructure currently under development — combined with strong seasonality and the increasing demands of the wellness and thermal tourism market, made a comprehensive reassessment and upgrade of its operational model necessary.
In this context, the preparation of a comprehensive Feasibility and Sustainability Study emerged as a critical step in ensuring the long-term development of the facility and strengthening its contribution to the local economy.
Within this framework, FCNC Financial Advisors was assigned to prepare the study, aiming to establish a well-documented and implementable strategic and financial framework for the future development of the Krinides Clay Treatment Centre.
FCNC’s approach extended well beyond a purely financial analysis. The study examined the development of clay treatment and hydrotherapy in Greece, analyzed the relevant regulatory and institutional framework, and assessed the position of comparable facilities in the market. At the same time, a detailed evaluation of the current status of the facility was conducted, covering infrastructure, licensing conditions, services provided, visitor activity, and financial performance over the past five years. This process enabled a thorough understanding of the operational reality and the key challenges faced by the facility.
Taking into account the completion of the modernization investment plan, FCNC evaluated the capacity of the new infrastructure, the quality of the services provided, and the overall visitor experience, linking the technical design of the project with the realistic prospects for revenue growth and improved competitiveness.
In addition, the study analyzed future demand for thermal and wellness tourism services, considering modern wellness trends, the competitive landscape, the geographical location of the facility, and the tourism dynamics of the wider Kavala region. Within this context, the potential extension of the operating period of the Clay Treatment Centre was also examined as a key driver for strengthening its annual economic performance.
A central component of the study was the examination of three alternative development and management scenarios:
For each scenario, a detailed financial model was developed, including a proposed pricing policy and estimates regarding the required investment cost, maintenance needs, seasonal capacity, expected revenues, and operating expenses. The analysis was completed with projections of operating results and the financial evaluation of potential new investments.
FCNC did not limit its role to the preparation of a standard study. Acting as a strategic advisor, the firm contributed substantially to the development of a sustainable operational and financing model, maximizing the added value of the project.
Drawing on its extensive experience and expertise in development projects and investment programs, FCNC transformed the development vision of the Municipality of Kavala’s administration into a concrete and implementable action plan, laying the foundations for the long-term utilization of the Krinides Clay Treatment Centre as a stable pillar of local development.
Notification for the Processing of Personal Data
(Articles 13, 14 of Regulation (EU) 2016/679)
The Company called as “FCNC FINANCIAL ADVISORS Μ.Ε.Π.Ε.”, with tax identification number 95452665, having its registered office at 58, El. Venizelou (Panepistimiou) str., P.C. 106 78, Athens, Greece, website www.fcnc.gr and contact number +30 210 3803555 (hereinafter called as the “Company”), handles with responsibility and as a matter of fundamental importance the issues of processing personal data and privacy and complies with Regulation (EU) 2016/679 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and the repealing of Directive 95/46/EC (General Data Protection Regulation) (hereinafter referred to as “GDPR”) and the relative Greek legislation.
In light of the above, we provide you with this Notification according to Articles 13, 14 of the GDPR, in order to inform you about the way we collect and process your personal data in terms of your interest for future collaboration with our Company.
The Controller for the collection of your data and their procession for the purpose of ensuring our smooth and seamless cooperation is the Company, as defined above. That means that the Company determines the purposes and means of processing your personal data, in accordance with the GDPR and the data protection legislation in general.
The Company at first collects your personal data directly from you and not from third parties. The Company may also retrieve your personal data published on the Internet (e.g. professional social media). Therefore, your personal data are considered to be a necessary condition for initiating and ensuring smooth cooperation with you, while any refusal of granting such data could be a major obstacle either to its continuation or its termination.
The following table lists the purposes of processing of personal data collected by the Company for the above mentioned purposes, the categories of the data collected, as well as the legal basis for such processing.
Purpose of Processing | Personal Data | Legal Basis of Processing (GDPR provisions) |
1. Job Post publishment (e.g. LinkedIn) | Personal details, contact and post details, cv data and referrals (if applicable) | Art. 6 (1) (f) – processing is necessary for the purposes of the legitimate interests pursued by the controller and, especially, the selection of proper employees. |
2. Interview arrangement – evaluation | Personal details, contact and post details | Art. 6 (1) (f) – processing is necessary for the purposes of the legitimate interests pursued by the controller and, especially, the selection of proper employees. |
The aforementioned personal data may be notified on a case-by-case basis to external partners that lawfully have been contracted by the Company (e.g. hr companies), to serve the purposes of processing, as set out in paragraph 3 above.
The Company does not transfer your personal data to third countries or international organizations.
The Company shall process your personal data in a manner that ensures its protection by taking all appropriate organizational and technical measures for data security and its protection against accidental or unlawful destruction, loss, alteration, unauthorized disclosure or access and any other form of illicit processing.
This section presents your rights with respect to your personal data. These rights are subject to certain exceptions, reservations or limitations. Please submit your requests responsibly. The Company will respond as soon as possible and in any case within one (1) month of receipt of the request. If the review of your request is going to take longer, you will receive relevant information. To exercise your rights, you can contact us on the following email-address: gdpr_fcnc@fcnc.gr
The Company ensures the exercise of your rights:
6.1. The right to information
You have the right to request and receive clear, transparent and easily understandable information about how we process your personal data in accordance with the Company’s policies and procedures.
6.2. The right to access
You have the right to access your personal data free of charge, in accordance with the relevant policies and procedures of the Company, with the exception of the following cases where there may be a reasonable charge to cover the administrative expenses of the Company:
6.3. The right to rectification
You have the right to ask for your personal data to be corrected if it is inaccurate or incomplete, in accordance with the relevant policies and procedures of the Company.
6.4. The right to erasure («to be forgotten»)
You have the right to request the deletion or removal of your personal data when it is no longer necessary for the purposes collected or there is no legitimate reason to continue processing it in accordance with the Company’s policies and procedures. The right of deletion is not absolute, to the extent that there is a particular legal obligation or other legitimate reason for the retention of your personal data by the Company.
6.5. The right to restriction of processing
In some cases, you have the right, in accordance with the relevant policies and procedures of the Company, to restrict or remove further processing of your personal data. In cases where processing has been restricted, your personal data remains stored, without further processing.
6.6. The right to data portability
You have the right to request your personal data, which you have provided us with in a structured, commonly used and machine readable format, and to transfer that data to another controller in accordance with the relevant policies and procedures of the Company.
6.7. The right to object
You have the right to oppose, at any time and for reasons related to your particular situation, to the processing of your personal data based on Article 6 (1) (f) of the GDPR (processing for reasons of lawful interest of the Company), on the basis of that provision. In such a case, the Company as controller will no longer submit the personal data unless it demonstrates imperative and legitimate reasons for processing that override the interests, rights and freedoms of the subject, or the filing, exercise or support legal claims.
6.8. Rights on automated decision-making mechanisms
The Company does not make automated individual decision-making, including profiling.
6.9. How to exercise the right
The exercise of the aforementioned rights takes place with the submission of a written application to the Company in accordance with its policies and procedures. The Company reserves the right to reply no later than one month after receiving the request, in accordance with the terms of the GDPR.
For each category of personal data, the Company determines the retention period in accordance with the provisions of the law and its policies and procedures.
For any matter related to the procession of personal data and the current notification, please contact with the
Company’s Representative | Hara Papadakou |
Telephone | +30 210 3803555 |
e-mail: |
For further information and advice on your rights or to submit a complaint, you may contact the Greek Data Protection Authority:
Address: 1-3, Kifisias Avenue, P.C. 115 23, Athens, Telephone: +30-210 6475600, Fax: +30-210 6475628, E-mail: contact@dpa.gr
We aim to review and keep up-to-date the present Notice in order to comply with privacy laws and new developments. Any updates to this Notice will be communicated to you immediately.