Investments

Already home to some of the country’s finest hotels, recreational and cultural spaces, the Athenian Riviera is set to see impressive growth in the coming years.

Grivalia Properties will open a luxury hotel in Athens’ seaside district Glyfada that will aim to attract top quality tourism and create direct benefits to both the local society and …

A total of €4.1 billion in tourism investments & €3.2 billion in up-coming projects are set to cement the sector as a key driver of the Greek economy. 

Connecting Greece with new markets was at the center of talks between Tourism Minister Elena Kountoura and Fraport’s CEO Alexander Zinell.

Over the first 7 months of 2017, Greek shipowners invested $2.93 billion on 175 second-hand ships, compared to 153 worth $1.95 billion in 2016.

A Greek committee that oversees “strategic investments” has approved a foreign direct investment worth 408 million euros planned for Agios Nikolaos on Crete.

Investors seeking to place their money on tourism projects in Greece are becoming all the more reluctant due to time consuming procedures.

The Greek tourism sector is showing healthy signs of recovery but for growth to continue infrastructure should be upgraded immediately, according to SEV.

The Greek Tourism Confederation (SETE) is calling for spatial planning framework that will ensure Greece remains a competitive destination in the future. 

The National Bank of Greece says that a competitive tourism product, new destinations, extended season and investments for upgrades or new hotels are necessary to boost travel revenue by 40%.

The Golden Visa program for real estate purchases in Greece has seen 1,725 issued visas to foreign investors in the period 2013 – June 2017.

The robust performance of Greece’s tourism sector is giving the country’s property market a much-needed boost, according to German daily Handelsblatt.

A 7-billion-euro project to develop Hellinikon, Athens’ former airport, will include the construction of six 200-meter-tall buildings.

A friendlier investment environment and robust tourism earnings are key to ensuring the sector’s best performance ever, SETE says.

Athens International Airport (AIA) has boosted its handling capacity to 26 million passengers following an ongoing upgrade budgeted at 35 million euros.

A stalled 1.3-billion-euro investment by Lokros Real Estate in the Atalanti area has received the approval of the tourism and environment ministries.

Funds of 120 million euros from a new NSRF program for the creation of new tourism SMEs in Greece, will be available as of this September.

Luxury tourism in Greece has increased by 10 percent while investment in the sector is also seeing growth, according to Tourism Minister Elena Kountoura.

Investors seeking to launch tourism businesses can benefit from subsidies of up to 200,000 euros, as part of a a new NSRF program.

Transforming Thessaloniki port into a gateway to the Balkans is the priority of a consortium of three companies, which have stepped in as the port’s new managers.