Investments

The European Union has announced the launch of a 2.1-billion-euro venture plan to boost investment in Europe’s innovative startups.

The Athens municipality has joined forces with the Athena Health Tourism cluster to develop the Greek capital into a major health tourism destination.

Infrastructure works budgeted at 180 million euros may be ready ahead of schedule at the port of Thessaloniki in northern Greece.

The Thira Port Fund of Santorini and Enterprise Greece are looking to prepare an investment plan for the creation of a marina in the Monolithos area of the island.

Greece’s assets fund will launch a tender process for the Xenia and thermal spring property on the island of Kythnos on April 2.

Greece’s property market is showing signs of recovery with prices moving upward by 1 percent and set to rise further, according to RE/MAX Greece.

A rise in VAT on sea transport services will have serious repercussions on both the sector and the consumers, Piraeus Chamber of Commerce and Industry President Vassilis Korkidis said.

Aiming to establish Greece as a leading filming location, the digital policy ministry is allocating some 75 million euros as an incentive.

For almost a decade, an ambitious plan to connect the Greek islands through a seaplane network has failed to take off due to red tape.

Greek Shipping Minister Panagiotis Kouroublis recently visited the US to explore the prospects of boosting bilateral cooperation in the shipping sector.

South Europe Gateway Thessaloniki Limited (SEGT) is now the majority shareholder in the Thessaloniki Port Authority, with a share of 67 percent.

The European Commission invites municipal authorities across Europe to apply for funding to build free wireless Internet hotspots in public spaces under its WiFi4EU program.

Greek Prime Minister Alexis Tsipras inaugurated the first phase of a 245-million-euro underwater power cable link project, initially connecting five Cycladic islands to the mainland.

The sale of a 67 percent stake in the Thessaloniki Port Authority to South Europe Gateway Thessaloniki (SEGT) Limited is in the final stage.

Ikos Resorts has announced its expansion to Spain through its newly setup entity Ikos International SCA, headquartered in Luxembourg.

The revamp of the Faliro Delta is set to move to the next phase after the Attica Region council said it would be allocating 90 million euros for project works.

Grivalia Hospitality SA has completed the acquisition of 80% of Nafsika SA, which holds the long-term lease of the Asteria property in Athens’ seaside district Glyfada.

Demand for Athens center properties is increasing with investors planning to transform their buys into offices, boutique hotels and Airbnb-style units.

Deloitte was appointed “special liquidator” of Lakitira S.A. and helped safeguard the holiday plans of guests residing at the company’s hotels in Greece.

Stronger investment has boosted Greece’s economy for a fourth consecutive quarter in the October-December 2017 period, the Hellenic Statistical Authority (ELSTAT) said.