Investments

North Aegean Region Governor Christiana Kalogirou has allotted 1.5 million euros for projects, which will highlight the unique ecosystems of the islands.

The “Itanos Gaia” project, a luxury resort to be created on Crete, has received the green light from the Greek Supreme Court.

The Greek economy will mark the first signs of growth this year and see an increase in investments, according to Economy and Development Minister Dimitris Papadimitriou.

A number of transport projects in Greece have been recommended to receive €61 million in funding under an EU financial mechanism.

The privatization of the Thessaloniki Port Authority is expected to contribute to GDP growth in Greece by up to 1.6 billion euros by 2026, IOBE think-tank says.

A consortium of three companies has been announced as the preferred investor for the acquisition of the 67% of the Thessaloniki Port Authority.

The Prime Ministers of Greece and Italy in early July are expected to sign the agreement for the ownership transfer of Trainose to Ferrovie.

Lamda Development, the selected investor for the development of Athens’ former airport in Hellinikon, has submitted its master plan to Greece’s assets fund.

Pulling Greece out of investment stagnancy must involve carefully planned policies that will be implemented with consistency, a PwC report says.

A tender for the long-term lease of three properties in central Athens is expected to be announced by the Bageios Foundation in the coming months.

Transport infrastructure, upgrading, building and completing key tourism related projects are among the priorities the Greek government must implement to see growth, according to a PwC report.

Greece’s investor visa program is paying off, boosting state coffers by approximately 1 billion euros, Deputy Economy Minister Stergios Pitsiorlas said.

Greek state privatization fund TAIPED has launched a tender for the exploitation of part of the “Castello Bibelli” property on Corfu.

Greece can achieve investments of 55 billion euros in the next eight years, according to George Tsopelas senior partner and MD at McKinsey & Co Greece & Cyprus.

AIA SA’s financial offer of 600 million euros has paved the way for the 20-year extension of the Athens airport concession agreement.

GEK Terna and India’s GMR Airports Limited have tentatively been named contractors for the construction and operation of the Kastelli airport on Crete.

The Region of Attica signed a 150 million euro agreement with construction firm Aktor for the redevelopment of the Faliro Delta.

The Greek economy ministry will expand the investment visa program to include extending “gold visas” to foreign nationals investing at least €250,000 in bonds/shares.

A total investment of 330 million euros will go into transforming Piraeus into a Mediterranean home porting hub, Cosco Hong Kong Group said.

The Greek government aims to prompt public-private partnerships (PPPs) towards the upgrade and modernization of 23 regional airports.