Investments

The Piraeus port master plan is delayed after reports that the Central Archaeological Council is to decide on designating part of the area a site of archaeological importance.

The European Investment Bank (EIB) in 2018 financed a record number of projects in Greece, making it the largest beneficiary of EIB Group financing in Europe.

More than 152 tourism investments are already taking shape while 32 are in the pre-approval stage in the Central Macedonia Region in northern Greece.

For a sum of approximately 1.4 billion euros, Athens International Airport SA will continue to operate Greece’s leading airport over the next 20 years.

Construction work on Kasteli Airport on Crete is set to begin after GEK Terna, India’s GAL and Transport Minister Christos Spirtzis signed the concession contract.

The Hellenic Gaming Commission has announced a tender for a casino license slated to run at Hellinikon, an €8 billion project to develop Athens’ former airport complex into a multi-purpose hub.

Α bill paving the way for public-private partnerships and sub-concessions for the commercial exploitation of 10 Greek ports has been approved by the Greek parliament.

A number of projects included in Cosco’s master plan to develop the port of Piraeus, were not approved by Greece’s Port Planning and Development Committee.

An inter-ministerial committee for strategic investments has approved three tourism projects and a shopping/recreation center in Greece, budgeted at €333.8 million.

Investors seeking to tap into Greece’s growing hospitality market should focus on lesser-known destinations and 3-star hotels, says Arbitrage Real Estate.

Funding for Greek small and medium-sized enterprises (SMEs) active in tourism will increase by 200 million euros, according to the ministries of economy and tourism.

Hellenic Seaplanes has appointed Pieris Architects to design a master plan for the creation of a waterway network in the port town of Elefsina, 20km west of Athens.

Cruise and marina infrastructure development will be among investments the Shipping Ministry is planning for 10 ports in Greece.

The European Commission plans to develop a common set of security checks for investor-friendly golden visa schemes by the end of the year.

Technical Olympic Group of Companies is looking to sell the historic resort of Porto Carras in Halkidiki, as well as other assets of its portfolio.

Greece’s property market is stabilizing in large part aided by the increase in tourism and home-sharing practices, according to the Bank of Greece.

AccorHotels has signed a franchising agreement with Greek company G. Lymperakis Invest OE for the launch of the first ibis Styles hotel in central Athens.

Three Greek-owned groups are the top shippers of LNG (liquefied natural gas) in the US, followed by shipping giants from South Korea, China, and Europe.

The government is revising the legal framework covering Greece’s golden visa scheme in efforts to ensure transparency after reports of illegal dealings.

AIA SA is calling on the relevant authorities to set a specific timeframe for the completion of the Athens International Airport concession agreement.