Investments

Aiming to attract film producers to Greece, Digital Policy Minister Nikos Pappas visited Netflix, Disney and Paramount during his trip to the US.

The Greek economy is losing in foreign investment due to a levy imposed on real estate investment companies (REICs) as of 2016.

All the more US investors are seeking ways to collaborate with Greek enterprises, according to US Ambassador to Greece Geoffrey Pyatt.

The marina on the island of Chios has attracted three investment schemes, according to Greece’s state privatization fund.

Visitors to the Greek islands this year will find many new luxury hotels to choose from as a number of major investment projects are near completion.

Ten investment schemes have expressed an interest for a concession to operate the marina in Alimos in Greece.

Greece’s international lenders and the government are estimating that privatization projects will boost state coffers by some 2 billion euros this year.

Overtaxation is turning away investors, while buyers are spending money on real estate in tourist destinations, according to the Hellenic Property Federation.

Port authorities in Greece recently discussed ways to finance the provision and installation of security and surveillance systems at Greek ports.

The Kyvernitis Travel group recently acquired HRG Greece, a company specializing in the tourism and MICE industry.

The lack of a spatial planning framework and long delays in administrative procedures hinder tourism investment in Greece, according to SETE President Yiannis Retsos.

Promoting travel and stimulating investment top the agenda of Chinese and EU officials, following the launch of the EU-China Tourism Year 2018.

Secretary General for Tourism Policy and Development George Tziallas recently invited Spanish investors to explore the significant opportunities of Greek tourism.

The Cosco-managed Piraeus Port Authority (PPA) has revealed its plans to boost Piraeus’ reputation as a tourism destination.

The privatization of the 1,250-position Alimos marina, one of the largest in Greece, has run into opposition by professional yacht owners.

Dozens of tourism projects are among 70 large-scale investment ventures in Greece, included in the government’s “general entrepreneurship” scheme under the latest development law.

Greece’s privatization fund has extended the deadline for the expression of interest invitation for the marina on the island of Chios.

Greek construction firm Ellaktor has sold a 30 percent share of Athens Resort Casino SA to Karenia Enterprises Company Ltd for 13.5 million euros.

A master plan for the development of the Piraeus Port Authority (PPA) is set to go up for public discussion with municipalities and local stakeholders in February.

Authorities on Santorini and Mykonos have expressed their opposition over revisions to a legal framework, covering the licensing procedures and operation of casino ventures.