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Economy Minister: Greece to See Signs of Growth, More Investments in 2017

The Greek economy will mark the first signs of growth this year and see an increase in investments, according to Economy and Development Minister Dimitris Papadimitriou.

IOBE: Thessaloniki Port Privatization to Bring in €1.6bn in Next Decade

The privatization of the Thessaloniki Port Authority is expected to contribute to GDP growth in Greece by up to 1.6 billion euros by 2026, IOBE think-tank says.
Posted On 22 Jun 2017

Greece’s Deal with Creditors Puts Tourism, Business Sectors at Ease

Greek tourism professionals hope that the deal reached between Greece and its lenders will lift the lingering uncertainty and allow tourism to grow.

Lamda Development Submits Master Plan for Hellinikon Mega Project

Lamda Development, the selected investor for the development of Athens' former airport in Hellinikon, has submitted its master plan to Greece’s assets fund.

Limited Investment Thwarting Greece’s Recovery, Report Says

Pulling Greece out of investment stagnancy must involve carefully planned policies that will be implemented with consistency, a PwC report says.

Three More Central Athens Hotels in the Pipeline

A tender for the long-term lease of three properties in central Athens is expected to be announced by the Bageios Foundation in the coming months.

PwC: Transport, Tourism & Energy Projects Key for Growth in Greece

Transport infrastructure, upgrading, building and completing key tourism related projects are among the priorities the Greek government must implement to see growth, according to a PwC report.
Posted On 13 Jun 2017

Popular Greece Tourist Spots on Taxman’s Agenda

Businesses, including beach bars, cafes, restaurants, hotels and entertainment venues at popular Greek destinations have come under the scrutiny of tax officials.

Economist Summit: Greece Can Grow Financially Strong in Next Decade

Greece can achieve investments of 55 billion euros in the next eight years, according to George Tsopelas senior partner and MD at McKinsey & Co Greece & Cyprus.

Greece Almost Last on IMD’s 2017 Competitiveness Ranking

The tedious negotiations between Greece and its lenders have taken a toll on the competitiveness of the country, which ranks 57th among 63 countries.

Historic Athens Hotel King George Up for Grabs

The 5-star King George Hotel in Athens, dating back to the 1930s, is up for sale, Eurobank said, calling on interested parties to submit their bids until June 12.

Greek Inspectors Hit the Beach to Tackle Tax Evasion

In efforts to tackle tax evasion particularly rampant in the summer months, Greek tax inspectors are making surprise “visits” at popular tourist areas.

Greek Golden Visa Program to Include Bond Buyers

The Greek economy ministry will expand the investment visa program to include extending "gold visas" to foreign nationals investing at least €250,000 in bonds/shares.

Sea, Cruise Tourism Stakeholders Invited to Bet on Greece

Tourism Minister Elena Kountoura invited sea and cruise tourism stakeholders to place their bets on Greece, during the 4th Posidonia Sea Tourism Forum.

Minister Kountoura Announces New Legal Framework for Tourism

Tourism Minister Elena Kountoura announced the creation of a new legislative framework for tourism set to be completed by autumn.

Transport, Tourism, Energy Top China’s Greece Agenda

Chinese business groups have expressed interest in the areas of transport, telecommunications, energy and tourism in Greece.

More Austerity for the Greeks: Parliament Approves Reforms

A highly debated bill was passed in Greek parliament, which includes stringent austerity measures, such as pension cuts and a lower income tax threshold.

Lamda Says Ready to Get Hellinikon Works Underway but Still Waiting

Lamda Development is ready to proceed with the next phase of the Hellinikon project to transform Athens’ former airport into a metropolitan park.

Tabled Bill Foresees Athens, Thessaloniki Shops Open Every Sunday

Shops in certain areas of Athens, Thessaloniki and Piraeus can remain open on all Sundays between May and October, according to a draft law.

Greek Finance Ministry Eases Capital Controls

The Greek finance ministry announced the further relaxation of capital controls, which have been in effect in Greece since June 2015.