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‘Itanos Gaia’ Luxury Project on Crete Gets Green Light

The "Itanos Gaia" project, a luxury resort to be created on Crete, has received the green light from the Greek Supreme Court.
Posted On 26 Jun 2017

Economy Minister: Greece to See Signs of Growth, More Investments in 2017

The Greek economy will mark the first signs of growth this year and see an increase in investments, according to Economy and Development Minister Dimitris Papadimitriou.

Commission Proposes €61m Funding for Transport Projects in Greece

A number of transport projects in Greece have been recommended to receive €61 million in funding under an EU financial mechanism.
Posted On 23 Jun 2017

IOBE: Thessaloniki Port Privatization to Bring in €1.6bn in Next Decade

The privatization of the Thessaloniki Port Authority is expected to contribute to GDP growth in Greece by up to 1.6 billion euros by 2026, IOBE think-tank says.
Posted On 22 Jun 2017

TAIPED Announces ‘Preferred Investor’ for Thessaloniki Port Authority

A consortium of three companies has been announced as the preferred investor for the acquisition of the 67% of the Thessaloniki Port Authority.

Greece, Italy to Seal Trainose Railway Deal in July

The Prime Ministers of Greece and Italy in early July are expected to sign the agreement for the ownership transfer of Trainose to Ferrovie.

Lamda Development Submits Master Plan for Hellinikon Mega Project

Lamda Development, the selected investor for the development of Athens' former airport in Hellinikon, has submitted its master plan to Greece’s assets fund.

Limited Investment Thwarting Greece’s Recovery, Report Says

Pulling Greece out of investment stagnancy must involve carefully planned policies that will be implemented with consistency, a PwC report says.

Three More Central Athens Hotels in the Pipeline

A tender for the long-term lease of three properties in central Athens is expected to be announced by the Bageios Foundation in the coming months.

PwC: Transport, Tourism & Energy Projects Key for Growth in Greece

Transport infrastructure, upgrading, building and completing key tourism related projects are among the priorities the Greek government must implement to see growth, according to a PwC report.
Posted On 13 Jun 2017

Greece’s Investor Visa Pays Off, Boosts State Coffers by €1bn

Greece’s investor visa program is paying off, boosting state coffers by approximately 1 billion euros, Deputy Economy Minister Stergios Pitsiorlas said.

TAIPED Launches Tender for Corfu’s ‘Castello Bibelli’, Electronic Auction for Hotel in Athens

Greek state privatization fund TAIPED has launched a tender for the exploitation of part of the "Castello Bibelli" property on Corfu.
Posted On 07 Jun 2017

Economist Summit: Greece Can Grow Financially Strong in Next Decade

Greece can achieve investments of 55 billion euros in the next eight years, according to George Tsopelas senior partner and MD at McKinsey & Co Greece & Cyprus.

AIA SA Offers €600m for 20-year Extension of Athens Airport Concession Agreement

AIA SA's financial offer of 600 million euros has paved the way for the 20-year extension of the Athens airport concession agreement.
Posted On 31 May 2017

GEK Terna, India’s GMR Clinch Kastelli Airport Project Contract

GEK Terna and India's GMR Airports Limited have tentatively been named contractors for the construction and operation of the Kastelli airport on Crete.

Athens Riviera Set for Massive Growth

The Region of Attica signed a 150 million euro agreement with construction firm Aktor for the redevelopment of the Faliro Delta.

Greek Golden Visa Program to Include Bond Buyers

The Greek economy ministry will expand the investment visa program to include extending "gold visas" to foreign nationals investing at least €250,000 in bonds/shares.

Cosco Bets on Piraeus Home Porting Potential

A total investment of 330 million euros will go into transforming Piraeus into a Mediterranean home porting hub, Cosco Hong Kong Group said.

Greek Government Seeks to Upgrade 23 Airports via PPPs

The Greek government aims to prompt public-private partnerships (PPPs) towards the upgrade and modernization of 23 regional airports.

Transport, Tourism, Energy Top China’s Greece Agenda

Chinese business groups have expressed interest in the areas of transport, telecommunications, energy and tourism in Greece.