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Final Stages for Aghios Kosmas Marina Long-term Lease

Bids by five companies/consortiums to enter the final phase of the tender for the Aghios Kosmas Marina were opened last month at the office of state-owned Olympic Properties. The best offer tabled in the tender, according to press reports, includes an offer to lease the property...

Former Olympic Sites Open to Commercial Development

The heads of four local authorities surrounding the huge former Olympic sites near the old Athens international airport, which had been earmarked four years ago to become "Europe's largest" metropolitan park, last month joined forces to express fear that the much of the...

Planned New Convention Center Includes New Hotel

The Attica hotel owners association met with the head of Hellenic Tourism Properties recently to discuss the construction of a convention center at the old Athens International Airport at Hellenikon. When and if completed, the center will accommodate 8,000 participants. A hotel...

Charter for Athens Convention, Exhibitions and Visitors Bureau Signed

After two years of efforts, four of the country's major tourism organizations got together last month to sign the founding charter of the Athens Convention, Exhibitions and Visitors Bureau (Athens CVB). The founding member organizations included the Hellenic Association of Travel...

Tourism Sector Calls For Abolition Of Airport Tax As Air Fares Rise

High insurance fees and low revenue have forced Greek airlines to increase fares. At the same time, they want major decreases in airport fees and taxes. And so far, they have managed to get all of the tourism-related associations in the private sector behind them in a strong...

Athens Airport Eleftherios Venizelos To Cut Rates

Negative reports in local newspapers concerning the new Athens International Airport at Spata, Elefterios Venizelos, may have played a role in the airport's recent announcement that it will lower airport fees later this year. The newspaper reports concentrated on the lower...

Travel Agents Blame Government For Tourism Arrival Decrease

Because government employees can not do their job properly and because government is unable or unwilling to give the proper incentive or education to rectify the matter, Greece loses billions of drachmas in precious tourism foreign exchange, says Yiannis Evangelou, president of...

Lamda Development Offers More To Acquire Hellenikon

The consortium led by Greek real estate firm Lamda Development has increased its initial offer by 25 percent for the 100 percent acquisition of Hellenikon, the former Athens Airport site.

Next Phase for Hellenikon Upgrade Project

An 8-billion-euro project to develop Hellenikon, Athens’ former airport complex, into a metropolitan park has moved to the next phase after getting approval from the overseeing auditors, Lamda Development said on Tuesday.

Major Works in Greece Hit Roadblock

An eight-billion-euro project to develop Hellenikon, Athens’ former airport complex, into a metropolitan park seems to have hit a wall, according to Greek media reports, with the Attica Prefecture appealing the Greek state privatization fund TAIPED decision to ink a deal with...

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.

Come and Get It: Greek Hotels, Sites, Islands Up for Grabs, ‘Guardian’ Reveals

“It could be a shopping list for the scenery in a movie - rather than a list of possessions that Athens is under immense pressure to offload,” the Guardian says, referring to an asset portfolio of some 71,000 properties now under the newly established Hellenic Holdings and...

Opposition Over Antiquity Report Stumbling Block for Hellenikon Revamp Project

Plans to transform the abandoned Hellenikon airport complex in Glyfada into one of Europe’s largest coastal parks may yet again be put on the back burner after the culture ministry’s archaeological service through a document called for a listing of archaeological sites on the...

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).

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.

Trump Entertainment Eyeing Greece’s Loutraki Casino

Trump Entertainment Resorts, owned by the 45th president of the United States, Donald Trump, is said to be showing an interest in the Club Hotel Casino Loutraki in Greece, which is up for sale.

Hellenikon Project: Casino Resort with Skyscraper First to Go Up?

The first building to be constructed as part of an eight-billion-euro project to develop Hellenikon, Athens’ former airport is said to be a casino resort on the Agios Cosmas marina along the Athenian Riviera.

Athenian Riviera Casino Resort Gets Green Light

The Greek Finance Ministry has tabled a draft bill in parliament that gives the green light for a casino to be built in Hellenikon.

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.

Fosun to Tap into Chinese Travel Interest in Greece with New Vacation Deals

Fosun International is aiming to tap into the estimated 1.5 million Chinese travelers expected to visit Greece, through new vacation packages.
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