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More EU Funds to be Made Available for Greek SMEs

The European Investment Fund (EIF) and the Greek economy ministry signed a funding deal to establish a 260 million euro risk capital Fund-of-Funds which will facilitate access to finance for entrepreneurs by unlocking the equity potential in the Greek market.
Posted On 22 Dec 2016

TEMES-Dogus Consortium Takes Over Hilton Athens

Home Holdings has acquired the majority stake in the share capital of Ionian Hotel Enterprises, owning company of Hilton Athens.
Posted On 16 Dec 2016

Kountoura Visits Canada to Promote Destination Greece

Tourism Minister Elena Kountoura recently held a series of meetings in Toronto to promote Greece as a preferred tourist destination to Canadian travellers.
Posted On 16 Dec 2016

Piraeus Port Investments, Upgrades to Focus on Cruise Travel

Boosting investments and upgrading port infrastructure to facilitate incoming cruise tourism topped the agenda of talks between the Piraeus Port Authority and the municipality recently.
Posted On 14 Dec 2016

Athenian Riviera Casino Resort Gets Green Light

The Greek Finance Ministry has tabled a draft bill in parliament that gives the green light for a casino to be built in Hellenikon.
Posted On 13 Dec 2016

Investments, Greek Tourism Promotion Top Kountoura’s Agenda in New York

Tourism Minister Elena Kountoura invited top entrepreneurs to invest in the growing Greek tourism sector, during the 18th Capital Link Forum in New York.
Posted On 13 Dec 2016

EU Funds to Go Towards Upgrade of Greece’s Tourist Product

Activities relating to Greek tourism are set to tap into some 300 million euros in EU subsidies, the Secretary General for Tourism Policy and Development, Yiorgos Tziallas recently informed.
Posted On 06 Dec 2016

Greek Tourism Entrepreneurship to Receive Support Through NSRF Funds

Over 300 million euros in EU subsidies through the National Strategic Reference Framework (NSRF) 2014-2020 program will be allocated for co-financed actions relating to tourism in Greece.
Posted On 05 Dec 2016

Hellenikon Project: Casino Resort with Skyscraper First to Go Up?

The first building to be constructed as part of an eight-billion-euro project to develop Hellenikon, Athens’ former airport is said to be a casino resort on the Agios Cosmas marina along the Athenian Riviera.
Posted On 05 Dec 2016

Arabs Introduced to Greece Tourism Investment Opportunities

Greek National Tourism Organisation (GNTO) Secretary General Dimitris Tryfonopoulos invited Arab entrepreneurs to invest in Greek tourism during the 5th Arab-Hellenic Economic Forum held in Athens.
Posted On 30 Nov 2016

Trump Entertainment Eyeing Greece’s Loutraki Casino

Trump Entertainment Resorts, owned by the 45th president of the United States, Donald Trump, is said to be showing an interest in the Club Hotel Casino Loutraki in Greece, which is up for sale.
Posted On 28 Nov 2016

Calling All Investors: Hotels Up for Sale in Athens

Hotels or properties in central Athens suitable to become accommodation facilities are seeking investors who will take over and give them a new lease on life.

Thessaloniki Port Sale Priority for New Shipping Minister

Ensuring the sale of a 67 percent stake in the Thessaloniki port authority moves ahead swiftly and trouble free tops the agenda of new incoming shipping minister Panagiotis Kouroumblis.

Full-Speed Ahead for Corfu, Paxi Waterways

The waterways on the islands of Corfu and neighboring Paxi are moving full speed ahead after receiving approval for all contract procedures, regional authorities said this week.

Kountoura Invites the Arab World to Invest in Greek Tourism Sector

Reaching out to the tourist markets of the Middle East and promoting new partnerships with Arab world countries is a strategic choice of the Greek government, according to Alternate Tourism Minister Elena Kountoura.
Posted On 03 Nov 2016

Piraeus Port Big Bet for Cosco, Set to Invest €140m in 2017

Hong Kong-based shipping giant Cosco has slated 140 million euros for works to be completed in 2017 in efforts to make the port of Piraeus a major cruise and transhipment hub for travel and trade between Asia and Eastern Europe.
Posted On 02 Nov 2016

Hilton Athens to be Sold to TEMES-Dogus Consortium

TEMES, the developer of Costa Navarino in the Peloponnese, and D-Marine Investments Holding, a subsidiary of Turkey's Dogus Holding, have agreed with Alpha Bank to acquire its majority stake (97.3 percent) in Ionian Hotel Enterprises, the owning company of Hilton Athens.
Posted On 27 Oct 2016

Greece’s Astir Palace Sale A Done Deal

The sale of the landmark coastal Astir Palace resort to Apollo Investment Holdco - a subsidiary of consortium Jermyn Street Real Estate Fund IV LP - has been completed, with the project ready for take-off four years after the procedure began.
Posted On 27 Oct 2016

Greece’s Council of State Rejects Motions Against Fraport Privatisation Deal

Greece's Council of State, the country's highest administrative court, has dismissed six motions that were against the concession agreement for the transfer of the management of 14 Greek regional airports to a consortium led by German transport company Fraport.
Posted On 26 Oct 2016

Six Greek Hotels Go Under, Now in the Hands of Eurobank

Unable to pay off their loans, six Greek hotels are now in the hands of Eurobank, the group’s Head of Group Corporate & Investment Banking, Konstantinos Vassiliou, said this week.
Posted On 20 Oct 2016