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Greece Assets Fund Pushing Privatization Projects

Greece’s assets fund is moving ahead with projects that have been put on hold since the elections in January, with top priorities the privatization of a 30 percent share of Athens International Airport (AIA) and 14 regional airports.

Patmos Port Authority Says ‘No’ to Hydroplanes

The Patmos Port Authority is blocking the creation of a hydroplane waterway on the island, which was currently in the last stage of the licensing procedure and expected to start operations in the summer of 2016.

Three Steps Necessary to Attract Foreign Investments to Greece

A fixed tax system, less red tape and speedier licensing procedures are key to bringing in much-needed investments to Greece.

Greek Airports Deal to Go Down in Black and White

The privatization agreement between the government and German contractor Fraport-Slentel for the management of 14 regional airports in Greece is set to be finalized in 10 days.

Endeavor Greece Backs Growth with Eye on the Future

Endeavor Greece is currently supporting through its worldwide network of affiliates and partners 22 entrepreneurs representing 16 companies from the tourism, agriculture, food & beverages, health, technology and financial services industries in Greece.

Astir Palace Sale to Pick Up Pace

The sale of a majority stake in the highly coveted Astir Palace Resort to consortium Jermyn Street Real Estate Fund is set to start anew this week.

Rich Chinese Cash in on Crisis, Buy Art, Vineyards, Property

Whether its rare art works or dirt-cheap real-estate, China’s rich are keen on placing their money anywhere else but in China, where the global economic chaos was barely felt.

EIB Boosts Presence in Greece, Launches Investment Team

The European Investment Bank (EIB) is serious about getting down to business in Greece, and is currently in the process of renovating its central Athens headquarters and appointing a task force that will focus on investments in efforts to support sustainable economic recovery and...

Oaktree Joins Greece’s Sani – Ikos Venture

LA-based assets management firm Oaktree has joined Sani SA and Ikos SA, both running luxury hotel units in the Halkidiki peninsula, forming a new venture in tourism which aims to expand both brands individually and invest in related projects across Greece.

Greece’s Halkidiki Lures Investments for Tourism Projects

The region of Halkidiki in northern Greece, has attracted more than 300 million euros in investments in tourism in the last three years, the Halkidiki Tourism Organization (HTO) said this week.

Piraeus Port on Track to Become World’s Largest

The port of Piraeus is now on track to become one of the leading maritime hubs in the world, the head of the Hellenic Chinese Chamber (HCC) said following the award of a 67 percent stake in the listed entity last week to Chinese shipping giant Cosco.

Greek Airport Manager Fraport Busy with 4-year Expansion Plan

Works are set to get under way across the network of 14 regional airports that Frankfurt-based transport company Fraport took over late last year in a privatization deal that brought a total of 1.2 billion euros to Greek state coffers.

Greece’s New Investment Incentives Law to Spur Tourism

Aiming to stimulate tourism initiatives, the Greek government’s new development law paves the way for the creation, expansion and upgrade of three star-plus hotel units as well as the re-operation of accommodation facilities that have been out of business.

Bidding Process for Crete’s Kastelli Airport Extended to May 6

The bidding process for the Kastelli airport project in Heraklion, Crete, has been extended until May 6, Infrastructure Minister Christos Spirtzis announced this week, citing the “complexity”of the project.

Endeavor Greece Raises Bar, Pledges More Backing at Annual Event

International non-profit organization, Endeavor Greece, raised the bar during its annual event held at the Acropolis Museum recently, presenting its vision for a promising future of more jobs and steady growth.

Culture Ministry Doublespeak Leaves Afantou Rhodes Investment Up in the Air

The culture ministry and Rhodes authorities are at loggerheads over a decision by the former to initially declare the area of Afantou as an archaeological site despite official plans to create a golf course there and then to release a statement saying the investment can proceed...

New Greece Incentives Law Aims to Draw in Investment

Deductions and Exemptions, leasing and interest subsidies, and a 12-year fixed tax framework are part of a new incentives law tabled recently and set for vote by the end of the month, Economy, Development and Tourism Minister George Stathakis and Secretary General for Strategic...

SETE Says New Greek Incentives Law Complex, Unclear

The new Greek incentives law tabled earlier this month which foresees deductions and exemptions, leasing and interest subsidies, and a 12-year fixed tax framework, must be simple with clear guidelines and deadlines for potential investors, the Greek Tourism Confederation (SETE)...

Crete’s Kastelli Airport Tender Extended to June 27

The bidding process for the financing, construction and operation of the new Kastelli airport project in Heraklion, Crete, has been extended until June 27, Infrastructure Minister Christos Spirtzis said, adding that six parties have thus far expressed interest.

Greece Development Law… Goes to Parliament

The Greek government’s new development bill, which foresees deductions and exemptions, leasing and interest subsidies, and a 12-year fixed tax framework, was tabled in Parliament on Tuesday, with deliberation set to begin Friday.