Newly appointed Shipping and Island Policy Minister Panagiotis Kouroumblis has set speeding up the licensing procedures for Greece’s pending waterway network as a leading priority upon taking office earlier this month.
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.
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.
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).
The Astir Palace Group, owners of the Astir Palace Resort located in the southern Athens suburb of Vouliagmeni along the Athenian Riviera, has posted first-half turnover to the tune of 15.2 million euros, up by 42 percent compared to 10.7 million euros a year ago.
In efforts to promote the interests of its members, the General Panhellenic Federation of Tourism Enterprises (GEPOET) explored the potential of working together with Chinese sector professionals during Greek Prime Minister Alexis Tsipras’ recent visit to China.
Tourism and infrastructure will be at the top of the Greece-China agenda of collaborative efforts, Economy, Infrastructure, Shipping and Tourism Minister Giorgos Stathakis said during a business forum on shipping held in Beijing.