In 1980, following a career both within the Agricultural Bank of Greece and as a Consultant for FAO in Latin America, Dr. Fotios Vakakis established the first consultancy company in Greece, namely Vakakis & Associates S.A., focused on the provision of services to clients in agricultural sector.
In 1988, Vakakis International S.A. was established, wholly owned by Vakakis & Associates S.A., specializing in the provision of technical assistance and consulting services in the fields of: rural development (including rural infrastructure), agricultural production, agro-processing, restructuring and privatisation, SME development, water resources management and irrigation, agricultural credit and extension, regional planning and infrastructure development, rural health and social issues, environmental impact assessment of development projects and natural resources management conservation
In 2015, the two companies merged as Vakakis Development Consultants
Since 2016, with an expanded shareholding structure and a new multi-dimension business development strategy, Vakakis Development Consultants has been engaged towards a sectoral and geographical expansion, strengthening at the same time its management and organizational capacity as well as its strategic alliances in the consulting services industry.
The company has to-date successfully managed and co-ordinated a considerable number of large multi-disciplinary projects, many of them operating under difficult social and economic conditions, a fact that has allowed Vakakis to both obtain valuable experience and gain a reputation as being a highly professional company in the field of integrated rural development.
To supplement its own staff and resources Vakakis draws upon its extensive international network of contacts and associations with major European training centres and research institutes, as well as consultancy companies to provide additional services required to meet the needs of the most complex assignments.
Vakakis is currently a member of the Association of Greek Consulting Firms (HELLASCO), the European Federation of Consulting Firms (EFCA) and the Hellenic Association of Management Consultants (SESMA).