ALBA was founded in 1992, through a
joint initiative of the Federation of Greek Industries ( ΣΕΒ
), the leading Employers' Union in Greece, and the Hellenic
Management Association ( ΕΕΔΕ ); both the preparation for
the creation of ALBA and its operations until the end of 1993 were
funded by the European Commission and by contributions offered by
its Corporate Members.
In February 1995, the Athens Chamber
of Commerce and Industry ( ΕΒΕΑ ) joined the Federation of
Greek Industries and the Hellenic Management Association to become
the third collective body of Greek businesses under whose auspices
ALBA now operates.