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Greece is an Attractive Investment Destination, Says PM Tsipras

Greece is returning to growth and has become an attractive investment destination, according to Prime Minister Alexis Tsipras.

‘Atalanti Hills’ Tourism Project Goes to Greece’s Council of State

A draft Presidential Decree, concerning the 1.5-billion-euro tourism investment of Atalanti Hills, has been submitted to the Council of State for approval.

Investments to Boost Hotel Sector on Crete and Rhodes

The hotel sector on the islands of Crete and Rhodes will be boosted next year by a number of investments already in process or expected to take place.

Thessaloniki-Istanbul Railway Can Run in 2019, Experts Say

A railway line handling passenger and freight transport between Thessaloniki and Istanbul could begin operations by 2019, experts said during a meeting in Thessaloniki.

Crete’s Kastelli Airport Works to Kick Off in 2018

Works on the Kastelli airport project on Crete are set to begin in spring after the finalization of the 480-million-euro deal and its parliamentary approval.

Greek Tourism Opens Up to French Investors

Greek Tourism Minister Elena Kountoura invited French entrepreneurs to take advantage of the momentum and invest in Greece.

Tourism, Fiber Optics Projects for Skorpios Islet OKed by Greek Gov’t

Dozens of luxury villas and restaurants as well as a fiber optics network will be constructed on the Ionian islet of Skorpios.

Hellinikon Investor Lamda Calling for More Actions Fewer Words

Lamda Development is ready to launch works at Hellinikon, as long as the Greek government displays the political will for the project to materialize.

Athens’ Historic King George Hotel Goes to Lampsa SA

Eurobank has accepted the pre-emption right of Lampsa SA for the acquisition of the five-star King George Hotel for 43 million euros.

Minister Says Hellinikon Project Moving Ahead ‘One Step at a Time’

Development of the delayed multi-million-euro Hellinikon project is moving ahead “one step at a time", according to Deputy Economy Minister Stergios Pitsiorlas.

Lamda Says Hellinikon ‘Cannot Be Materialized’ Due to Double Talk

Hellinikon Global, the managing investor of the Hellinikon project, said that the investment cannot proceed due to continuous set backs and political double speak.

Enterprise Greece: €1bn Worth of Investments in the Pipeline

One billion euros worth of investments are in the pipeline for Greece in the areas of tourism, energy, telecommunications and commerce.

New Greek-US Committee to Encourage Investment Activity

Economy Minister Dimitris Papadimitriou and US Ambassador to Greece Geoffrey Pyatt agreed to the creation of a Greek-US investment committee.

EU Funds for Tourism at €120m, Applications Open in December 

A total of 120m euros has been earmarked for the establishment of new and the completion of incomplete tourism enterprises, while applications open in December.

Four Seasons Astir Palace Hotel Athens Aiming for Spring 2018 Opening

The multi-million-euro revamp of the Astir Palace will proceed according to schedule with plans to open its doors to the public in spring next year.

One Prerequisite Down Nine to Go for Hellinikon Project to Move Ahead

Of the 10 conditions for the Hellinikon project to move ahead only one has been met, while investors say it will take a decade to clear outstanding issues.

Greek Hotels Becoming Attractive Investment Option

Increasing tourism flows and dropping prices are making Greek hotels an attractive investment choice with hospitality units on the islands winning over buyers.

Dolphin Capital Inks Deal with Kerzner for Kea Island Luxury Tourism Project

Dolphin Capital has entered into an agreement with Kerzner for the development of a luxury tourism project on Kea in Greece.

Plans for Skyscrapers at Hellinikon Raising Concerns

The Hellinikon project is facing a new obstacle as the Central Archaeological Council (KAS) must now decide on whether or not to allow the construction of six high-rise buildings.

Astir Palace Project Moves a Step Ahead After Minister’s Approval

Greek Culture Minister Lydia Koniordou has approved the investment plan and the environmental impact study for the overhaul of Astir Palace in Vouliagmeni.