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Athens Airport Management Plans to Invest €400m in Upgrades

Athens International Airport's operator has announced plans to put 400 million euros into the upgrade of the airport, over the next five years.

Investment Key to Recovery, Greek PM in US to Stimulate Interest

Greek Prime Minister Alexis Tsipras is currently on an official visit to the US, where he is making efforts to stimulate investor interest.

Study Shows Greeks Still Distrust Banking System

More than half of all Greeks distrust the banking system according to a study focusing on capital restrictions, conducted by business consultants Alvarez & Marsal.

Thirty Hectares at Hellinikon Former Airport Declared as Archaeological Site

The Greek Central Archaeological Council has decided that some 30 hectares of the 620-hectare plot at Hellinikon will be classified as an archaeological site.
Posted On 04 Oct 2017

IOBE: Greece’s Economic Climate Improving

Greece’s economic climate showed signs of recovery in September, boosted by positive tourism performance and political stability, according to IOBE think-tank.

Greek Archaeological Council Postpones Decision, Hellinikon Project on Ice

The Hellinikon project is still in limbo after the Central Archaeological Council postponed its decision on whether the site has areas of archaeological importance.

Moscovici Sees a Stronger Greece Regaining Market Trust

European Commissioner Pierre Moscovici said growth has returned, jobs are being created and investors are again expressing interest in Greece.

Eldorado to Continue Mining Operations in Greece After Ministry Meeting

Canadian mining company Eldorado Gold said it has temporarily postponed its decision to suspend operations in Greece after having entered “constructive dialogue” with officials.
Posted On 21 Sep 2017

Athens Airport Gets 20-year Concession Extension

Athens International Airport’s concession to run the country’s largest airport for the next 20 years has received the green light.

Forestry Dept, Archaeology Council Still Keeping Hellinikon Project on Hold

Set to bring billions of euros into state coffers and create over 70,000 jobs, the Hellinikon project along the up-and-coming Athenian Riviera is still on hold.

Investment Key to Greece-Italy Ties, FS-Trainose Deal Paves the Way

Βoosting investments and strengthening ties are key to improving the region's economic climate, Italian PM Paolo Gentiloni said before the Trainose deal was finalized.

Eldorado’s Greece Mining Project Gets Pending Permits at 11th Hour

Greece said it would grant pending permits for Eldorado Gold's "Olympias" project, after the mining company said it would halt the investment.

Juncker Says Greece the Greatest Challenge of his Political Career

European Commission President Jean-Claude Juncker admitted in Strasbourg on Wednesday that Greece was among the toughest issues on his agenda.

Fraport: Airport Upgrade Projects in Greece Proceeding as Scheduled

Transport company Fraport has informed that infrastructure upgrades at the 14 Greek airports it manages will begin this autumn.

Greek Growth Rate Below Par, Eldorado Suspends Investment

Greece’s growth rate was lower than expected, up by 0.8 percent in the second quarter of 2017 from 0.4 percent in the previous quarter, the Hellenic Federation of Enterprises (SEV) said. 

Greece’s Alpha Bank Sees Trend for Growth in 2017

The Greek economy is on a gradual path to recovery as economic indicators demonstrate an overall trend for growth, according to Alpha Bank.

Italy’s FS Takes Over Trainose Railway Officially on Sept. 14

The deal between Greek train operator Trainose and Italian railway group Ferrovie dello Stato (FS) Italiane will be finalized on September 14 on Corfu.

Hellenikon Project Turning into Pipe Dream Amid Approval Games

The multi-billion-euro Hellenikon land project on the Athenian Riviera has received the green light from the Central Council for Modern Monuments.

NBG: Tourism Helps Propel Greece’s GDP into Positive Territory

Greece’s robust tourism sector is expected to boost the country’s GDP by 1.6 percentage points in 2017, according to the National Bank of Greece (NBG).

Multi-billion-euro Hellenikon Investment Dogged by Delays… Again

The highly anticipated Hellenikon project along the Athenian Riviera has run into the scrutiny of Greece’s Central Archaeological Council (KAS).