Investments

The European Investment Bank (EIB) signed two financing agreements worth 700 million euros aimed at supporting small and medium-sized enterprises (SMEs) in Spain and Greece

Grecotel Hotels & Resorts has completed a 42-million-euro investment plan, which included the total makeover of five luxury hotels in four destinations in Greece.

Foreign Direct Investment projects in Greece, in 2017 increased to 24 from 13, creating 1,194 new jobs, according to the EY European Attractiveness survey.

“Greece’s return to growth inherently creates opportunities,” said US Ambassador to Greece Geoffrey Pyatt at a press event on the 83rd Thessaloniki International Fair.

Secretary General for Tourism Policy George Tziallas underlined the significance of sporting events for local communities and the economy during a conference recently held in Patra.

Greece aims to develop 10 ports belonging to the country’s assets fund, through public-private partnerships (PPPs), according to Secretary-General for Port Policy Christos Lambridis.

European port policy was the focus of the two-day Jean Monnet symposium, which was recently held on the Aegean island of Chios.

Tourism and F&B services are the key areas of interest for investors seeking to place their money in Greece, according to market experts and company CEOs.

Interest for high-end properties on the Greek islands of Mykonos, Santorini, and Paros is peaking this summer, according to an annual report released by Algean Property.

The Greek government must announce a casino license tender by August 31, in order to conclude the privatization of Hellinikon by the end of the year.

Tourism Minister Elena Kountoura recently invited the private sector to take advantage of the new investment opportunities in Greek tourism.

The Piraeus Port Authority is waiting for the approval of its master plan, which aims to transform Piraeus into a Mediterranean home porting hub.

Greece continues to be one of the most popular destinations in the Qatar Airways network, according to the airline’s Country Manager for Greece & Cyprus, Theresa Cissell.

As the number of tourists visiting Greece grows, so does investor interest, with the car rental sector featuring high on the agenda, according to market reports.

Greece’s investment opportunities are at the center of attention in New York this week during the Greek Investment Roadshow running through to June 22.

A 20-million-euro tourism investment aims to establish Greece as an ideal wellness destination and attract “seasoned” travelers to the Peloponnese.

The fully renovated and extended Astir Palace in Vouliagmeni, is set to open for business in March 2019, with the seal of approval of the Four Seasons hotel brand.

The dynamic growth of tourism is stimulating investment activity in Greece, according to Secretary General for Tourism Policy and Development George Tziallas.

In efforts to boost tourism to the Peloponnese, the Hellenic Railways Organization (OSE) has set aside 100 million euros for the restoration of the Patra – Pyrgos railway link.

The Halkidiki peninsula in northern Greece is set to see its hotel capacity grow with an estimated 250 million euros worth of investments in the pipeline.