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Libra Group Invests In COCO-MAT In Exchange For 50% Stake

The Libra Group recently announced that it is the principal investor in 50 percent of COCO-MAT and has formed a joint venture with the leading Greek manufacturer of specialist mattresses, other natural sleep products and furnishings.
Posted On 19 Mar 2014

Parnassos Ski Center To Upgrade Lifts

As of 1 April, the lifts of the Parnassos Ski Center will undergo a 29.52 million euros renovation.
Posted On 11 Mar 2014

Major Hotel Chains To Invest Further In Greece

Three major hotel brands, the Hilton, the Intercontinental and the Carlson Rezidor Group, will expand their presence in Greece.
Posted On 07 Mar 2014

Licensing Procedures For Four Tourism Investments In Greece Near Completion

The licensing procedures for four major tourism investments on the islands of Kea, Milos and Ios and mainland Messinia (Peloponnese) are near completion, Greek Tourism Minister Olga Kefalogianni informed on 17 February.
Posted On 17 Feb 2014

Greece Offers Saudis 5-year Residency For Investments Over 250,000 Euros

Greek Consul General in Jeddah Chronis Polychroniou has announced that Greece has issued a new law that allows investors from non-EU countries to obtain resident permits for five years, provided the investment is at least 250,000 euros.
Posted On 13 Feb 2014

Greece, Saudi Arabia Sign Major Tourism Development Agreement

A memorandum of understanding for cooperation in the field of tourism was signed between Greece and Saudi Arabia on 10 February in Riyadh.
Posted On 10 Feb 2014

Greece Discusses Best Practices For Spa Tourism With Hungarian Officials

The best practices for spa tourism and details concerning the certification of Greece's thermal springs were discussed recently in a meeting held in Athens between the Greek Tourism Ministry and representatives of the Government of Hungary.
Posted On 23 Jan 2014

Greece Makes Plans For Improved Sea Tourism Infrastructure

Greece’s new Zoning Plan for Tourism provides for an increase in the network of marinas, small ports and harbors in the Ionian Sea, the eastern and southeastern Aegean, and the Saronic, Argolikos and Pagasitikos gulfs, among others.
Posted On 20 Dec 2013

New Tourism Zoning Plan In Greece Aims For Investments, Quality Tourists

Greece's new Special Zoning Plan for Tourism is expected to result to large investments, attract quality tourists and big spenders from abroad and extend the tourism season.
Posted On 15 Dec 2013

Plan To Develop Athens Unveiled

An urban development project of the Municipality of Athens named "Ergo Athina" (Project Athens) was unveiled on 12 December by Athens Mayor Giorgos Kaminis and European Commissioner of Regional Policy Johannes Hahn.
Posted On 12 Dec 2013

Xenia Hotel On Skiathos Finally To Get Long Overdue Makeover

Greek construction company TE.NE ATEVE was announced as the successful bidder of the tender for the development of the Xenia hotel on Skiathos.
Posted On 11 Dec 2013

Best Offer For Astir Palace Luxury Resort Announced

Investment firm Jermyn Street Real Estate Fund IV LP made the best offer for the majority stake in the Astir Palace luxury resort at Vouliagmeni, southern Athens.
Posted On 10 Dec 2013

Four Bidders Short-Listed For Astir Palace

TAIPED announced on 26 November that four consortiums were short-listed in the tender for the majority stake in the Astir Palace luxury resort at Vouliagmeni, southern Athens.
Posted On 27 Nov 2013

Major Tourism Investments Underway In Greece

Three major tourism investments have joined Greece's fast-track scheme for strategic investments and are underway at Halkidiki, Sitia and Argolida.
Posted On 24 Nov 2013

SETE Conference To Focus On Necessary Investments For Greek Tourism

The results of the latest study on Greek tourism, prepared by McKinsey & Company, will be presented at the Association of Greek Tourism Enterprises’ (SETE) 12th Tourism & Development Conference that will take place 21-22 October 2013 at the Athenaeum Intercontinental Hotel in Athens.
Posted On 18 Oct 2013
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Regional Airports Tender Continues With Seven Bidders

Seven companies and consortiums have been shortlisted for the second stage of the tender for the operation, management, development, and maintenance of the country’s regional airports.
Posted On 13 Sep 2013
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Russian, UAE Investors Seek To Invest In Greek Tourism Sector

Russian billionaire Dmitry Rybolovlev recently expressed his interest to launch investment projects in the Greek tourism sector, during a meeting he had with Deputy Development Minister Notis Mitarakis in Athens.
Posted On 13 Sep 2013
Astir Resort
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Astir Palace Tender Continues With 13 Bidders

Thirteen Greek and foreign companies and consortiums have been shortlisted for the second stage of the tender for the acquisition of a majority participation in the share capital of Astir Vouliagmenis S.A.
Posted On 11 Sep 2013
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TAIPED Announces Tender For Greek Thermal Springs

The Hellenic Republic Asset Development Fund (TAIPED) has launched a public tender for investors to submit an expression of interest for four thermal springs in the regional unit of Fthiotida.
Posted On 10 Sep 2013
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Greek Ports Need Better Infrastructure To Boost Cruise Tourism

“Of the 36 billion euros plus revenue spread across European cruising destinations, Greece is the recipient of just 600 million euros due to its lagging home porting capabilities and infrastructure challenges,” international cruise experts said on the first day of the 2nd...
Posted On 29 May 2013