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EBRD – Greek Real Estate Developer ‘Dimand’ Join Forces to Invest

The European Bank for Reconstruction and Development and real estate developer Dimand will invest in sustainable property models in Greece.
Posted On 20 Dec 2017
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Greek Hotel Investments Set to Go Full Steam Ahead

Eight billion euros worth of hotel investments will be materializing in the coming years in Greece, on the back of soaring tourism arrivals.
Posted On 19 Dec 2017
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Plomari, Lesvos. Photo Source: Municipality of Lesvos
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Kos, Lesvos Tourism Professionals Urge Gov’t to Scrap ‘Stayover’ Tax

Tourism professionals on the islands of Kos and Lesvos are calling on the government to scrap an imminent “stayover" tax.
Posted On 18 Dec 2017
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Tsipras, Kountoura, Tsakalotos Invite US Investors to Bet on Greece

Greek Prime Minister Alexis Tsipras invited investors to bet on Greece describing the country as a “land of opportunity”.
Posted On 12 Dec 2017
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Study: Greek Hospitality Sector Shows Signs of Financial Health

The Greek hospitality industry is leaving the crisis years behind, as it increased earnings by 3.6 percent and gross profits by 44.4 percent in 2016.
Posted On 29 Nov 2017
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Tourism, Fiber Optics Projects for Skorpios Islet OKed by Greek Gov’t

Dozens of luxury villas and restaurants as well as a fiber optics network will be constructed on the Ionian islet of Skorpios.
Posted On 24 Nov 2017
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The Hellinikon project. Photo Source: Lamda Development
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Hellinikon Investor Lamda Calling for More Actions Fewer Words

Lamda Development is ready to launch works at Hellinikon, as long as the Greek government displays the political will for the project to materialize.
Posted On 24 Nov 2017
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King George, a Luxury Collection Hotel.
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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.
Posted On 20 Nov 2017
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Photo Source: www.thehellinikon.com
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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.
Posted On 20 Nov 2017
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Seasonal Tourism in Greece Takes Toll on Jobs

The seasonal character of Greek tourism has taken a toll on employment rates, with 98,420 lost jobs in October marking the end of the season.
Posted On 15 Nov 2017
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Greek Finance Minister Eases Capital Controls

Individuals wishing to open a new bank account can now do so after a decision by Greek Finance Minister Euclid Tsakalotos to further ease capital controls.
Posted On 15 Nov 2017
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Greek Island VAT Rise Not Bringing in Gains

Revenue from the elimination of a special tax status applicable on a number of Greek islands has proven disappointing, according to an October tourism survey.
Posted On 14 Nov 2017
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Hellenikon Project, Photo Source: Lamda Development
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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.
Posted On 10 Nov 2017
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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.
Posted On 09 Nov 2017
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Greece’s Economic Chamber Says Reduced Island Tax Status an EU Provision

The Economic Chamber of Greece is calling on the government to retain the special tax status applicable on Greek islands.
Posted On 09 Nov 2017
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Photo Source: Four Seasons Hotels and Resorts
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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.
Posted On 08 Nov 2017
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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.
Posted On 08 Nov 2017
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Santorini island. Photo © Maria Theofanopoulou
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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.
Posted On 07 Nov 2017
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Greek Economy Ministry Expects FDI to Exceed €4bn in 2017

The Greek economy is showing signs of recovery with the economy ministry expecting FDI to exceed 4 billion euros in 2017.
Posted On 07 Nov 2017
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Leipsoi Island. © Maria Theofanopoulou
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Greek Gov’t Seeking Way to Put Island VAT Hike on Hold

Α decision to eliminate a special tax status on the Greek isles may be postponed, as the government looks into ways to ease the tax load on its citizens.
Posted On 06 Nov 2017
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