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Crete’s Kastelli Airport Project Moves to Next Stage

An infrastructure consortium made up of GMR Airports Limited and GEK Terna placed a bid at 480 million euros for the construction and operation of the new Kastelli airport on Crete.

Fraport Steps in as Manager at 14 Greek Airports

Fraport Greece is taking over the 40-year management of 14 regional airports across Greece and plans to proceed with renovation and construction works.

Caesars Entertainment Considering Athens for Next Project?

Media reports claim that Caesars Entertainment Corporation is interested in building a massive entertainment complex in Hellenikon, south of Athens.

Athens Ledra, La Mirage Hotel Auctions Fruitless

The sales of the Athens Ledra and the La Mirage hotels have yet again been fruitless, despite expressed interest from investment entities in Greece and abroad.

Major Luxury Hotels to Set Up Shop at Athens’ Omonia Square

Properties on and around Athens' central Omonia Square have been slated for renovation or reconstruction in order to re-open as luxury hotels,
Posted On 23 Jan 2017

Investments, Greek Tourism Promotion Top Kountoura’s Agenda in New York

Tourism Minister Elena Kountoura invited top entrepreneurs to invest in the growing Greek tourism sector, during the 18th Capital Link Forum in New York.
Posted On 13 Dec 2016

Arabs Introduced to Greece Tourism Investment Opportunities

Greek National Tourism Organisation (GNTO) Secretary General Dimitris Tryfonopoulos invited Arab entrepreneurs to invest in Greek tourism during the 5th Arab-Hellenic Economic Forum held in Athens.
Posted On 30 Nov 2016

New Shipping Minister Vows to Get Greek Waterways Out of the Rut

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.

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.

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

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

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’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

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).

First-half Turnover Tops for Astir Palace Group

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.
Posted On 07 Sep 2016

Greek Tourism Enterprise Body GEPOET Talks Business in China

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.
Posted On 13 Jul 2016

Tourism, Infrastructure Top Greece-China Team Work

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.
Posted On 06 Jul 2016