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WTTC: Greece ‘Well-placed’ but Tourism Growth Must Go Hand-in-hand with Investment

Travel and tourism is the driving force of investment and economic growth for local economies but countries set to see an increase in visitors must ensure that infrastructure is in place if they wish to tap into the benefits, a World Travel & Tourism Council (WTTC) report...
Posted On 16 Apr 2015

Greece in Talks with Chinese for Kasteli Airport Project

Kasteli airport, to be constructed on the island of Crete, will be on the agenda of talks in the coming days between Economy Minister Giorgos Stathakis and a delegation from China’s State Construction Engineering Corporation (CSCEC).
Posted On 06 Apr 2015

Minoan Group Eyes UK Expansion, Expects Greek Project Go-ahead

After posting losses due to bureaucratic delays in its Greek five-star-plus project to be developed on the island of Crete, Minoan Group, active in travel and leisure, announced plans to expand its Stewart Travel services across the UK.
Posted On 02 Apr 2015

Major Tourism Investment on Crete Gets Green Light

The Greek Council of State, the highest court in Greece, has approved the draft presidential decree which refers to the development plan and strategic environmental impact study of a major tourism project on Crete.
Posted On 19 Mar 2015

Greece’s New State Assets Body to Fund Social Security, Not Debt

Greece’s privatization fund, known as TAIPED (Hellenic Republic Asset and Development Fund), will be replaced by the Public Wealth Fund following a decision on Tuesday, by Deputy Finance Minister Nadia Valavani.
Posted On 18 Mar 2015

Grace Group’s Messinia Tourism Project Gets Green Light

A massive tourism project in the region of Messinia, southern Greece, has received the go-ahead by the municipality following examination of its environmental effects.
Posted On 13 Mar 2015

Greek State Council Halts Asteras Vouliagmenis Sale

The Greek Council of State rejected last week plans for the sale of a majority stake in the historic coastal hotel resort Astir Palace to consortium Jermyn Street Real Estate Fund IV LP.
Posted On 11 Mar 2015

Greek Government Reviews Regional Airports Deal

The Greek government is expected to stick to its commitment to its international lenders and go ahead with privatization projects already underway, which includes renegotiating the agreement with Frankfurt-based transport company Fraport to run 14 regional airports.
Posted On 09 Mar 2015

Chinese Construction Magnate Buys Greek Island

A construction magnate from the southwestern province of Yunnan has bought a Greek island for 4.8 million yuan (about $770,000) following an auction on Taobao, China's largest online-shopping platform.
Posted On 07 Mar 2015

ITB 2015: Greece Tourism Investment On the Up

There is a rise in investor interest to Greece through tourism, according to Stephanos Issaias, CEO of Enterprise Greece.
Posted On 03 Mar 2015

Greece Privatization Projects Move Ahead as Scheduled

The privatization of regional airports as well as of the Piraeus port will move ahead as scheduled, the Greek finance ministry said in a document it sent to the Eurogroup on Monday.
Posted On 25 Feb 2015

Five Major Tourism Projects in the Pipeline, Awaiting Go-ahead

Five major tourism projects in Ithaki, Viotia, Chios, central Greece and Crete, are awaiting the green light under the country’s “Fast Track” law, which accelerates the licensing procedures for private-public investments.
Posted On 18 Feb 2015

London-based Real Estate Fund Adds Rhodes Lux Hotel to its Roster

The deal between private equity firm Invel Real Estate and Amathus Beach Hotel on the island of Rhodes is set to go down in ink in April at a price tag of 30 million euros.
Posted On 18 Feb 2015

Piraeus Port Privatization to Progress

Plans to move ahead with the privatization of Piraeus port are expected to top the agenda in Brussels today, when Greek Finance Minister Yanis Varoufakis meets his eurozone counterparts.
Posted On 11 Feb 2015

German Fraport Calls on Greece to Respect Airport Contract

Frankfurt-based transport company Fraport is calling on Greece to honor a 1.2 billion euro deal set to close in October, for the management of 14 regional airports.
Posted On 09 Feb 2015

Vita Hotels Takes Crete by Storm with New Investments

Hotel group Vita Hotels has added two new accommodation investments on the island of Crete to its portfolio, striking a deal, in the meantime, with UK travel providers Thomas Cook for exclusive services.
Posted On 03 Feb 2015

Faliro Delta Revamp Project Awaits Decision

The infrastructure ministry is expected to decide on the future of planned projects along the Faliro coast, which include the completion of the Stavros Niarchos Cultural Center, in the coming days.
Posted On 16 Jan 2015

Panepistimiou Ave, Faliro Coast Projects Shelved, Despite Minister’s Assurances

Plans to revamp central Panepistimiou Avenue as well as the property along the Faliro coast have been shelved despite Infrastructure Minister Michalis Chrysochoidis’ assurances in November that the projects were going ahead as scheduled.
Posted On 24 Dec 2014

Ministry to Launch Platform to Support Startups in the Greek Tourism Field

The Greek Tourism Ministry is reaching out to young entrepreneurs and will launch an online database platform aimed to support startups.
Posted On 22 Dec 2014

Tourism Among Sectors to Receive Support Through New NSRF Funding to Greece

The European Commission has approved Greek projects adding up to 19 billion euros under the new National Strategic Reference Framework (NSRF) for the Programming Period 2014-2020.
Posted On 22 Dec 2014