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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

Fraport Informs Greek Tourism Sector on Revamp Plans for 14 Airports

"We are conducting one of the largest investments in Greece", George Vilos, the executive director of commercial and business development of Fraport Greece said on Tuesday.
Posted On 18 Oct 2016

Green Light for Evia’s Biggest Ever Tourism Investment

RSR Eagle Resort, a tourism project planned to be created in Karystos, Evia, has entered Greece's fast-track scheme for strategic investments.
Posted On 13 Oct 2016

Minister Kontonis Says 3mn Euros to Fund Greece’s Sports Venues

A total of 3 million euros have been set aside to go towards the upgrade and maintenance of sports venues across Greece, Alternate Sports Minister Stavros Kontonis told a press conference this week ahead of the 34th Athens Marathon - The Authentic, to take place in Athens on...

Alexandroupolis Port Authority Flirting with Chinese Investors

Port authorities in Alexandroupolis, northeastern Greece, are exploring a potential collaboration with Chinese investors Sinoftone Group and Navision after signing a memorandum of cooperation.

Greece Ups Investor Visas, Aims to Bring in Cash

Greece is increasing the number of “golden visas” to individuals investing more than 250,000 euros in property, aiming to boost state coffers while offering five-year residency rights in return for real estate acquisitions or for strategic investments.

Greece’s Coveted Astir Palace Project Gets Green Light, Ready for Take-off

The Greek Council of State has approved amended plans for the sale of the historic coastal resort Astir Palace to consortium Jermyn Street Real Estate Fund IV LP.

Application Process for Greek Business Funding Opens on Oct. 12

Professionals and business owners in Greece seeking grants for their enterprises can apply for government funding under the new development law as of October 12.
Posted On 06 Oct 2016

Ministry Approves Two New Tourism Investments in Evia and Crete

Two new "strategic" tourism investments in Evia and Crete have been approved by the Greek Economy, Development and Tourism Ministry.
Posted On 30 Sep 2016

Piraeus Among World’s Top 30 Container Ports by 2018, Cosco Says

Chinese shipping giant Cosco has big plans for Piraeus aiming after its expansion to boost container volume by 35 percent by 2018.

Hellenikon Project in Greece Gets Parliament Go-ahead

An eight-billion-euro project to develop Hellenikon, Athens’ former airport complex, into a multi-purpose hub, was given the green light by majority vote in Greek parliament.

Hellenikon Project to Bring in €14.1bn in Tax Revenue, Report Says

The massive and highly anticipated Hellenikon project along the Athenian Riviera is expected to boost state coffers by some 14.1 billion euros in tax revenues between 2016 and 2041, according to the Athens-based Foundation for Economic and Industrial Reseaerch (IOBE).