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Massive Argos Tourism Investment Kilada Hills Gets Green Light

The Council of State approved last week of a 418-million-euro tourism investment in the valley of Ermioni, near Argos in the Peloponnese.

German Fraport Airport Contract Still Up in the Air

The Greek government has put a 1.2 billion euro deal with Frankfurt-based transport company Fraport for the management of 14 regional airports on hold, citing the need to re-examine the terms and conditions of the agreement.

Privatization of Greek Airports, Ports Pick Up Pace?

The privatization of Greece’s airports and docks, a subject of controversy over the past few months, is said to be proceeding full speed ahead.

Piraeus Port Sale Takes Off… Again in May

Procedures for the sale of a 51 percent stake in the Piraeus Port Authority (OLP) are scheduled to move ahead in May, the country’s privatization fund, TAIPED (Hellenic Republic Asset and Development Fund) said.

WTTC: Greece ‘Well-placed’ but Tourism Growth Must Go Hand-in-hand with Investment

Travel and tourism is the driving force of investment and economic growth for local economies but countries set to see an increase in visitors must ensure that infrastructure is in place if they wish to tap into the benefits, a World Travel & Tourism Council (WTTC) report...

Greece in Talks with Chinese for Kasteli Airport Project

Kasteli airport, to be constructed on the island of Crete, will be on the agenda of talks in the coming days between Economy Minister Giorgos Stathakis and a delegation from China’s State Construction Engineering Corporation (CSCEC).

Minoan Group Eyes UK Expansion, Expects Greek Project Go-ahead

After posting losses due to bureaucratic delays in its Greek five-star-plus project to be developed on the island of Crete, Minoan Group, active in travel and leisure, announced plans to expand its Stewart Travel services across the UK.

Major Tourism Investment on Crete Gets Green Light

The Greek Council of State, the highest court in Greece, has approved the draft presidential decree which refers to the development plan and strategic environmental impact study of a major tourism project on Crete.

Greece’s New State Assets Body to Fund Social Security, Not Debt

Greece’s privatization fund, known as TAIPED (Hellenic Republic Asset and Development Fund), will be replaced by the Public Wealth Fund following a decision on Tuesday, by Deputy Finance Minister Nadia Valavani.

Grace Group’s Messinia Tourism Project Gets Green Light

A massive tourism project in the region of Messinia, southern Greece, has received the go-ahead by the municipality following examination of its environmental effects.

Greek State Council Halts Asteras Vouliagmenis Sale

The Greek Council of State rejected last week plans for the sale of a majority stake in the historic coastal hotel resort Astir Palace to consortium Jermyn Street Real Estate Fund IV LP.

Greek Government Reviews Regional Airports Deal

The Greek government is expected to stick to its commitment to its international lenders and go ahead with privatization projects already underway, which includes renegotiating the agreement with Frankfurt-based transport company Fraport to run 14 regional airports.

Chinese Construction Magnate Buys Greek Island

A construction magnate from the southwestern province of Yunnan has bought a Greek island for 4.8 million yuan (about $770,000) following an auction on Taobao, China's largest online-shopping platform.

ITB 2015: Greece Tourism Investment On the Up

There is a rise in investor interest to Greece through tourism, according to Stephanos Issaias, CEO of Enterprise Greece.

Greece Privatization Projects Move Ahead as Scheduled

The privatization of regional airports as well as of the Piraeus port will move ahead as scheduled, the Greek finance ministry said in a document it sent to the Eurogroup on Monday.

Five Major Tourism Projects in the Pipeline, Awaiting Go-ahead

Five major tourism projects in Ithaki, Viotia, Chios, central Greece and Crete, are awaiting the green light under the country’s “Fast Track” law, which accelerates the licensing procedures for private-public investments.

London-based Real Estate Fund Adds Rhodes Lux Hotel to its Roster

The deal between private equity firm Invel Real Estate and Amathus Beach Hotel on the island of Rhodes is set to go down in ink in April at a price tag of 30 million euros.

Piraeus Port Privatization to Progress

Plans to move ahead with the privatization of Piraeus port are expected to top the agenda in Brussels today, when Greek Finance Minister Yanis Varoufakis meets his eurozone counterparts.

German Fraport Calls on Greece to Respect Airport Contract

Frankfurt-based transport company Fraport is calling on Greece to honor a 1.2 billion euro deal set to close in October, for the management of 14 regional airports.

Vita Hotels Takes Crete by Storm with New Investments

Hotel group Vita Hotels has added two new accommodation investments on the island of Crete to its portfolio, striking a deal, in the meantime, with UK travel providers Thomas Cook for exclusive services.