Investments

Chinese business groups have expressed interest in the areas of transport, telecommunications, energy and tourism in Greece.

Airport operator Fraport Greece unveiled ambitious plans for the makeover of the airports of Mykonos and Corfu during special events held on both islands.

A section of the Hellinikon property, where Lamda Development and Global Investment Group plan to erect a full-service resort, has been declared a forest area.

As part of efforts to strengthen cooperation with China, Greek PM arrived in Beijing on May 12 to participate in the Belt and Road Forum for International Cooperation.

Greece will receive up to 2 billion euros in European Bank for Reconstruction and Development funding by 2018. The financial institution will continue investing until 2020.

The list of contractors vying for the Athens metro expansion project is set to go public by the end of the year, while construction is expected to begin in 2019.

Fosun International is aiming to tap into the estimated 1.5 million Chinese travelers expected to visit Greece, through new vacation packages.

A total of 420 million euros in funding is intended for some 2,000 Greek SMEs as part of the European Commission’s Investment Plan for Europe.

TEMES SA plans to invest some 250 million euros to expand Costa Navarino with the construction of an additional five-star hotel, furnished villas and an 18-hole golf course.

The Mouzenidis Group recently inaugurated the Enigma Mall, a shopping center located in the area of Nea Moudania in Halkidiki, northern Greece.

Greek Prime Minister Alexis Tsipras is expected to sign a three-year agreement with Chinese officials to attract investment to Greece, during his visit to Beijing in May.

A consortium of three companies is on its way to be awarded a 67% stake in the Thessaloniki Port Authority, after making an improved bid of €231.92 million.

The northern Greece region of Halkidiki has attracted investors who have placed over 300 million euros in hospitality projects over the last five years.

Greek state privatization fund TAIPED is seeking for financial advisors to provide advisory services for the sale of its 30 percent stake in Athens Airport.

Two investors – an Abu Dhabi-based entity and a Greek group – have expressed interest in the island of Fleves in the Saronic Gulf, off Vouliagmeni Bay.

An infrastructure consortium made up of GMR Airports Limited and GEK Terna placed a bid at 480 million euros for the construction and operation of the new Kastelli airport on …

A number of important deals were completed last year in the Greek hotel industry, while more international firms are looking into doing business in the country, according to a report.

Piraeus Municipal authorities are proceeding with a 15m euros redevelopment program to transform the port city into a major tourism destination.

Prime Minister Alexis Tsipras said the investment in the country’s 14 regional airports by German airport operator Fraport, is an “important moment for Greece.”