Investments

The municipalities of Athens and Moschato-Tavros have teamed up to convert a former slaughterhouse area into a 17,000m2 park, set to breathe life into the neighborhood.

The Cycladic island of Syros has secured 1.3 million euros in EU funding for the overhaul of its historic center and for upgrade works along its coast front.

A friendlier investment environment supported by fast-track procedures and increasing tourism are set to revive Greece’s real estate market.

As part of its expansion strategy to strengthen its high-margin hotel segment, TUI Group moves into Greece with the acquisition of three hotels on Kos.

A marina project in the Greek town of Messolonghi, is moving ahead, after revisions made to the spatial planning and environmental terms.

Attracting foreign investment topped the agenda of Greece’s foreign minister, Georgios Katrougalos, who was recently in Qatar, to discuss ways of strengthening ties between the two countries.

Voula Coasts A’ and B’, two of Attica’s most popular beaches along the Athenian Riviera, will undergo a major revamp.

Astir Palace, after opening the doors of the first Four Seasons hotel in Greece, expects to complete the second phase of its major investment project by the summer of 2020.

Greek company Aktor Concessions SA has been selected as the preferred bidder for the right to manage the Alimos Marina in southern Athens.

The Arcadia Chamber has plans to turn the area into the “Tuscany of Greece” and Tripoli into a citybreak destination that will serve as a base for the entire region.

Chinese authorities traveled to Athens to discuss the obstacles – red tape and trade body reactions – involving Cosco’s master plan for the upgrade of Piraeus Port.

A time frame for the construction of a waterway hub on Patmos was discussed between Hellenic Seaplanes CEO, the island’s mayor and investor Ricardo Nicolopoulos Farias.

A 600-million-euro investment for the expansion of Piraeus Port is up in the air after a decision by the Central Archaeological Council.

Authorities of the island of Lefkada are interested in extending the tourism season through the development of sea travel and new theme-oriented products.

Lesvos authorities are aiming for the construction of a new port at Sigri to be completed by year end, enabling quicker access to the island.

The dynamic growth of tourism is stimulating investment activity in Greece, with more than 400 projects submitted to the Tourism Ministry in the last three years for approval.

Half of all funding under Greece’s 2016 development law were directed to tourism enterprises.

Three bidders interested in taking on the 40-year concession to operate the marina of Alimos in southern Athens, have made it to the next round of the tender process.

The development of the Hellinikon area on the Athenian Riviera can place Athens in the “center of the world”, says Mario Kontomerkos, CEO of Mohegan Gaming & Entertainment (MGE).

Greece has moved up three ranks claiming ninth spot among the top 10 EU countries with the most innovative business ventures over 2014-2016.