Investments

North Aegean Regional Governor Christiana Kalogirou has cleared the way for the start of upgrade works on Chios Airport after approving a study for road relocation works.

A total of 11.82 million euros will be allocated to 76 newly-established small- and medium-sized enterprises (SMEs), according to the Region of Attica.

Major tourism projects in Athens and on the islands of Crete, Santorini and Rhodes have received the go-ahead by Greek authorities.

The Greek infrastructure minister is moving ahead with plans for the construction of a marina at the coastal town of Nea Makri, near Athens, through private-public partnership (PPP).

A total of 144 tourism projects are in the pipeline for the Eastern Macedonia-Thrace region after securing EU and regional funding.

Tesla Inc appears to be in talks with Greek officials in order to move ahead with a plan for the transition of the Greek islands to cleaner forms of energy.

Northern Greece hoteliers are cautious when making forecasts for 2019 in view of Brexit and the comeback of rival markets, and expect to have a clear indication after March.

Tourism in Greece is leading the country’s economy out of the crisis, according to leading German-language business newspaper Handelsblatt.

A total of 411.5 million euros will be allocated to 2,527 small and medium-sized tourism enterprises in Greece, the Greek Economy and Development Ministry announced.

The building that once housed the historic Kings Palace in central Athens is expected to reopen its doors as a new upscale hotel by 2020.

Greece’s assets fund TAIPED has awarded the 40-year concession of the Chios Marina to an investor scheme, accepting the entity’s improved 6.2-million-euro offer.

Taking its multi-awarded luxury tourism resort Costa Navarino in Messinia, a step further, TEMES SA is expanding into real estate with two new residential tourism products.

Investment groups handling non-performing loan portfolios stand to gain from the hidden value of the properties serving as collateral.

The Ionian Island Regional Council will increase the budget for waterway projects on the islands of Lefkada, Meganissi, Kefalonia and Ithaki.

Greece’s investment opportunities were analyzed during events in London, Berlin and Barcelona, by the country’s Secretary General for Tourism Policy and Development, George Tziallas.

An amendment to a law on the licensing terms for casino operations in Greece is expected to set the Hellinikon development project into action.

Greece offers attractive opportunities for investments in a number of areas, according to Germany’s ambassador, Jens Plötner.

The Hellinikon project has been deferred to the end of 2019, due to negotiations for the establishment of a casino on the premise.

Greece needs to make certain changes if it is to move forward and attract more foreign investment, according to Sani/Ikos Group CEO Andreas Andreadis.

Ikos Resorts is moving full speed ahead with construction works on the Ikos Andalusia in Spain, its first resort outside Greece, which will open its doors in May 2020.