Investments

Greece’s train operator Trainose submitted a binding offer for the acquisition of 100 percent of shares in the Hellenic Company for Rolling Stock Maintenance SA.

The backlog of infrastructure projects in Greece has grown to 18.7 billion euros, according to a study released by PwC Greece.

The Ionian Islands Region and the Regional Division of Lefkada are aiming to tap into the popularity of Skorpios, once a major tourism project there is completed.

The Municipality of Delphi and Enterprise Greece have signed a memorandum of cooperation to attract tourism investments in the destination.

Foreign buyers seeking to buy property in Greece are focusing on 3-4 bedroom villas on Mykonos, Paros, Santorini and Rhodes.

Foreign investors injected the Greek economy with 503 million euros in capital in 2017 for the purchase of property, according to Bank of Greece data, marking an 86.5 percent increase …

Investors were recently informed on Greece’s effort to develop its thermal springs, an untapped and rich national resource.

The Hellenic Gaming Commission is set to announce an international tender for a casino license, paving the way for the Hellinikon project to get underway.

The Hellenic Republic Asset Development Fund (HRADF) announced privatization plans for seven thermal spring properties in Greece.

The Council of State has decided that the presidential decree for the development of Athens former airport into a multipurpose resort area is legal.

Shoreside power units will be installed at two ports in Greece, at Kyllini and Piraeus, as part of the EU’s ambitious ELEMED project.

The period for public deliberation of the master plan for the revamp of the Piraeus Port has received a 10-day extension.

The Hellinikon investment project, set to be developed at the former Athens airport, is still hinging on the approval of the Council of State.

Foreign real estate agencies are aiming to get a bite out of Greece’s booming market by offering their services to buyers seeking for properties in Athens and other destinations.

A village on the North Aegean island of Agios Efstratios is set to be restored 50 years after a fatal earthquake struck, destroying more than 2,000 buildings.

The Greek Transport Ministry has set aside 8.4 million euros to be used to fund the upgrade of the Athinios port on the Cyclades island of Santorini. 

International investment funds, attending the Adria Hotel Forum in Zagreb, were informed on the promising opportunities available in the Greek tourism sector.

The Economic and Social Council of Greece recently presented a national development plan, aiming to spur financial activity and restore the country to the economic markets.

The legendary Capsis Hotel on Rhodes is back completely renovated and will open its doors under the name Akti Imperial Deluxe Resort & Spa on May 23.

Athens-based investor and developer Zeus International has taken on the management of the Hilton Garden Inn located in Malpensa, Milan.