Investments

Kalamata Airport in Greece is next in line for an upgrade with the government to issue a call for a tender in the immediate future.

TEMES SA has entered into a partnership with Czech investment firm Consillium SA, aiming to further develop golf tourism at Costa Navarino.

Foreign acquisitions and investments in a series of sectors, including media and technology, may soon go under the microscope of the European Commission.

Investment in tourism technology was discussed between government officials and private sector entrepreneurs during WTM 2018 London.

An amendment to the current law regarding the golden visa program in Greece is expected in the coming period.

Hilton International and Hilton Athens property owner Ionian Hotel Enterprises SA, have agreed to extend their current contract ending on 31 December 2018 by three years.

Revenue and occupancy rates at Athens hotels are holding strong in the third quarter of 2018, with sights now set on the upcoming Athens Marathon next week.

Metaxas Group of Companies recently announced that it is planning a major hotel investment in the Mirabello Bay in the area of Kavousi, Eastern Crete.

Greek assets body TAIPED is set to launch a new round of privatization tenders for thermal springs, regional ports and marinas across Greece.

Plans for a major tourism investment on Santorini by the Metaxas Group are still stuck on the drawing board due to a dispute with the island’s municipality.

Invel Real Estate Management Ltd and Dolphin Capital Partners have acquired 85.6 percent of the Nikki Beach Resort & Spa Porto Heli in the Peloponnese.

Tourism Minister Elena Kountoura invites Greek and foreign investors to take advantage of the new prospects and invest in Greek tourism.

Mirum Hellas is moving ahead with a 410-million-euro luxury tourism project including the construction of holiday homes in Elounda, Crete.

Works for the 120-million-euro tourism project of NCH Capital in the Kassiopi region on the island of Corfu, are set to begin in early 2019.

Greece’s Piraeus Bank has signed a financing agreement of €40 million with Thomas Cook Hotel Investments, a joint venture between Thomas Cook plc and LMEY Investments.

Greece and the UN World Tourism Organization (UNWTO) have decided to join forces and attract more tourism investments to the country.

The Eastern Macedonia-Thrace Region has presented a spatial plan, which aims to attract investments and establish a strong tourism brand.

Overhaul works on the islet of Skorpios, located off the Ionian island of Lefkada, have begun and include the establishment of a 160-million-euro exclusive luxury unit.

The Greek Labor Ministry has launched a public tender for the lease of the building that once housed the former Ambassadeur Hotel in Athens.

Tenders have launched for the lease of the historical hotel “Esperia Palace” and of a neoclassical building on Zalokosta Street, both located in central Athens.