Investments

Greek Culture Minister Lydia Koniordou has approved the investment plan and the environmental impact study for the overhaul of Astir Palace in Vouliagmeni.

Greek Prime Minister Alexis Tsipras and US President Donald Trump discussed cooperation in the areas of defence, energy and trade during a meeting in Washington.

Greek Prime Minister Alexis Tsipras is currently on an official visit to the US, where he is making efforts to stimulate investor interest.

The Municipality of Nafpaktos has announced plans to transform the historic Xenia hotel into a cultural and conference center.

Greece’s archaeological council has approved environmental impact studies submitted for the development of the Asteras peninsula in Vouliagmeni.

The largest number of buyers seeking to invest in Greece, through the “golden visa” program, are from China, Russia and Turkey.

Greek thematic tourism projects are to receive funding through the EU’s Interreg V (Greece-Cyprus 2014-2020) program.

Travel giant TUI plans to expand its presence in Greece by opening 10 new upscale hotels and adding more visits from its cruise ships to Greek ports.

Development and upgrading works at Greek regional airports, taken over by the Fraport consortium, are expected to begin in early November.

Travel giant TUI is interested in strengthening its investment in destination Greece and extending the country’s tourism season.

The Greek Central Archaeological Council has decided that some 30 hectares of the 620-hectare plot at Hellinikon will be classified as an archaeological site.

All the more Greek islands, currently 40, are up for sale with prices going down by as much as 60 percent since the beginning of the crisis.

Small and medium-sized businesses in Greece will be able to tap into a total of 700 million euros of funding by EIB, EIF and EBRD, through local Piraeus Bank.

The Hellinikon project is still in limbo after the Central Archaeological Council postponed its decision on whether the site has areas of archaeological importance.

In efforts to support tourism infrastructure projects in Greece, the European Investment Bank (EIB) is planning to approve loans of up to 2 billion euros, according to European Commissioner Corina …

The completion of the so-called north road axis, the airport at Kastelli and peripheral roadway networks are the top priorities for authorities on Crete.

The EIB and Eurobank have signed a €150 million loan agreement to finance eligible projects undertaken by SMEs and midcaps operating in Greece.

Qatari state company Al Rayyan has said that it will cancel investment activities in Greece because the country’s “attitude towards investors is negative”.

Canadian mining company Eldorado Gold said it has temporarily postponed its decision to suspend operations in Greece after having entered “constructive dialogue” with officials.

Athens International Airport’s concession to run the country’s largest airport for the next 20 years has received the green light.