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Cosco to Dish Out Extra €500m for Piraeus Investment

Chinese shipping giant Cosco will dish out some 500 million euros over and above the paying price for the port of Piraeus, its managing director, Xu Lirong, said this week during talks with Greek Prime Minister Alexis Tsipras, who is in China on an official five-day visit to...
Posted On 06 Jul 2016

Greece-China Shake Hands on Culture, Science, Exports & Tourism

With the sale of a majority stake in the Port of Piraeus to Chinese shipping giant Cosco at the center of talks, Greek Prime Minister Alexis Tsipras sealed on Monday a number of deals with Chinese officials during his five-day visit this week to Beijing and Shanghai, aiming to...
Posted On 05 Jul 2016

Athens Riviera Astir Palace Resort Sale Gets Green Light

The Greek Council of State has approved amended plans for the sale of the historic coastal hotel resort Astir Palace to consortium Jermyn Street Real Estate Fund IV LP.
Posted On 05 Jul 2016

Germans Eyeing Greece Investments Enterprise Body Says

German investors are exploring opportunities in Greece to place their capital, according to the Hellenic Federation of Enterprises (SEV).
Posted On 04 Jul 2016

Cosco-OLP Deal Ratified Amid Blame-Game Over Changing Terms

The 300-member Greek parliament ratified by a 223-vote the sale of the Piraeus Port Authority (OLP) to Chinese shipping giant Cosco a day after the Hong-Kong based conglomerate said in letter that the terms for the deal submitted to parliament had been altered.
Posted On 01 Jul 2016

Greek Tourism Sector Needs €5.5bn in Investments to Keep Up Pace

Greece needs investments in tourism to the tune of some 5.5 billion euros between 2017 and 2023 if it wants to meet increasing demand from abroad and recover domestic demand, according to a National Bank of Greece (NBG) Economic Analysis Department study released recently.
Posted On 29 Jun 2016

Alibaba to Pave Way for Online Trade Between Greece & China

In efforts to stimulate entrepreneurship, push for expansion into new markets and pave the way for new growth prospects, the Athens Chamber of Tradesmen stressed the significance of bringing the world’s largest e-commerce group, Alibaba, to Greece during a press conference on...
Posted On 29 Jun 2016

Athens Chamber of Tradesmen in Talks with Alibaba to Enter Greece

Representatives from the world’s largest e-commerce group, Alibaba, will be visiting Athens in September to hold talks with government officials and local professionals on a future collaboration.
Posted On 24 Jun 2016

Greece Pushes Back Deadline for Kasteli Airport Bids One More Time

Greece has once again pushed back the deadline for binding bids to finance, build and operate a new airport on the island of Crete.
Posted On 22 Jun 2016

Promoting Greece Top Priority for Fraport Airports Manager

Promoting Greece into a leading destination is at the top of Frankfurt-based transport group Fraport’s agenda after taking over the management of 14 regional airports across the country late last year, said its CEO Stefan Schulte.
Posted On 22 Jun 2016

Nine Greek Transport Projects Get European Commission Go-ahead for Funding

Nine Greek transport projects are slated to receive EU funding under the Connecting Europe Facility (CEF) after the European Commission’s decision earlier this month to inject 6.7 billion euros in transport infrastructure to boost jobs and growth.
Posted On 21 Jun 2016

Kountoura Presents Greece’s Tourism Investment Opportunities at SPIEF 2016

Alternate Tourism Minister Elena Kountoura presented the tourism investment opportunities in Greece to an audience of government and business leaders from the emerging economic powers, at the 20th St. Petersburg International Economic Forum (SPIEF) in Russia.
Posted On 17 Jun 2016

Six Greek Airports Get Funding, Move to Upgrade

Six regional airports in Greece will get EU funding to the tune of 197 million euros towards their upgrade under the EU Infrastructure Investment Plan, the Greek Infrastructure, Transport and Networks Ministry announced.
Posted On 13 Jun 2016

Greece ‘Enticing’ Saudi Investors with 5-year Visa

Greece is extending the so-called golden visa to Arab nationals investing more than 250,000 euros in property. The investor visas offer five-year residency rights in return for real estate acquisitions or for strategic investments.
Posted On 10 Jun 2016

Hellinikon Upgrade Project on its Way to Becoming a Reality

A Memorandum of Understanding (MoU) was signed on Tuesday between the Hellenic Republic Asset Development Fund (TAIPED) and Lamda Development, which amends the existing share sale and purchase agreement of the Hellinikon former airport.
Posted On 07 Jun 2016

Come and Get It: Greek Hotels, Sites, Islands Up for Grabs, ‘Guardian’ Reveals

“It could be a shopping list for the scenery in a movie - rather than a list of possessions that Athens is under immense pressure to offload,” the Guardian says, referring to an asset portfolio of some 71,000 properties now under the newly established Hellenic Holdings and...

Putin Greece Visit Boosts Ties, Opens Deals

Multi-level cooperation in energy, science, technology and tourism, investments in the private and public sectors (infrastructure, ports, mining, pharmaceutical, agri-food) as well as politics topped the agenda of Russian President Vladimir Putin’s weekend visit to Athens, which...
Posted On 30 May 2016

Parnassos Ski Center Set for Revamp

Plans to direct financial backing from the so-called Juncker Plan to the upgrade of the Parnassos Ski Center topped the agenda of Alternate Tourism Minister Elena Kountoura’s meeting with mayors of the region.
Posted On 27 May 2016

Greek Gov’t Eyeing New Round of Airport Concessions

The Greek government is examining the possibility of a second round of airport concessions to be undertaken by a new body which will oversee the use and management of state property previously controlled by the finance ministry.
Posted On 24 May 2016

Fraport: ‘Our Engagement in Greece will Act as a Catalyst for Tourism Growth’

"We are convinced that our engagement in Greece will act as a catalyst for the growth of the country’s vital tourism sector", Alexander Zinell, Fraport Greece’s CEO, said while welcoming the parliamentary ratification of the concession agreements for the Greek regional airports...
Posted On 23 May 2016