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Athens’ Historic King George Hotel Goes to Lampsa SA

Eurobank has accepted the pre-emption right of Lampsa SA for the acquisition of the five-star King George Hotel for 43 million euros.

Minister Says Hellinikon Project Moving Ahead ‘One Step at a Time’

Development of the delayed multi-million-euro Hellinikon project is moving ahead “one step at a time", according to Deputy Economy Minister Stergios Pitsiorlas.

Lamda Says Hellinikon ‘Cannot Be Materialized’ Due to Double Talk

Hellinikon Global, the managing investor of the Hellinikon project, said that the investment cannot proceed due to continuous set backs and political double speak.

Enterprise Greece: €1bn Worth of Investments in the Pipeline

One billion euros worth of investments are in the pipeline for Greece in the areas of tourism, energy, telecommunications and commerce.

New Greek-US Committee to Encourage Investment Activity

Economy Minister Dimitris Papadimitriou and US Ambassador to Greece Geoffrey Pyatt agreed to the creation of a Greek-US investment committee.

EU Funds for Tourism at €120m, Applications Open in December 

A total of 120m euros has been earmarked for the establishment of new and the completion of incomplete tourism enterprises, while applications open in December.

Four Seasons Astir Palace Hotel Athens Aiming for Spring 2018 Opening

The multi-million-euro revamp of the Astir Palace will proceed according to schedule with plans to open its doors to the public in spring next year.

One Prerequisite Down Nine to Go for Hellinikon Project to Move Ahead

Of the 10 conditions for the Hellinikon project to move ahead only one has been met, while investors say it will take a decade to clear outstanding issues.

Greek Hotels Becoming Attractive Investment Option

Increasing tourism flows and dropping prices are making Greek hotels an attractive investment choice with hospitality units on the islands winning over buyers.

Dolphin Capital Inks Deal with Kerzner for Kea Island Luxury Tourism Project

Dolphin Capital has entered into an agreement with Kerzner for the development of a luxury tourism project on Kea in Greece.

Plans for Skyscrapers at Hellinikon Raising Concerns

The Hellinikon project is facing a new obstacle as the Central Archaeological Council (KAS) must now decide on whether or not to allow the construction of six high-rise buildings.

Astir Palace Project Moves a Step Ahead After Minister’s Approval

Greek Culture Minister Lydia Koniordou has approved the investment plan and the environmental impact study for the overhaul of Astir Palace in Vouliagmeni.

Defence, Energy, Trade Top Trump-Tsipras Talks

Greek Prime Minister Alexis Tsipras and US President Donald Trump discussed cooperation in the areas of defence, energy and trade during a meeting in Washington.

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.

Xenia Hotel in Nafpaktos to Become Cultural, Conference Center

The Municipality of Nafpaktos has announced plans to transform the historic Xenia hotel into a cultural and conference center.

Greek Archaeological Council Gives Asteras Vouliagmeni Clearance

Greece's archaeological council has approved environmental impact studies submitted for the development of the Asteras peninsula in Vouliagmeni.

China, Russia, Turkey Investors Top Golden Visa Greece List

The largest number of buyers seeking to invest in Greece, through the "golden visa" program, are from China, Russia and Turkey.

Greek Thematic Tourism Projects to Get ‘Interreg’ Funding

Greek thematic tourism projects are to receive funding through the EU’s Interreg V (Greece-Cyprus 2014-2020) program.

TUI Invests in Greece: 10 New Hotels and More Cruise Ship Visits

Travel giant TUI plans to expand its presence in Greece by opening 10 new upscale hotels and adding more visits from its cruise ships to Greek ports.

Revamp of Greek Regional Airports to Begin in November

Development and upgrading works at Greek regional airports, taken over by the Fraport consortium, are expected to begin in early November.