Investments

Fraport Greece is taking over the 40-year management of 14 regional airports across Greece and plans to proceed with renovation and construction works.

Media reports claim that Caesars Entertainment Corporation is interested in building a massive entertainment complex in Hellenikon, south of Athens.

Minoan Lines has reaffirmed its decision to acquire control of Hellenic Seaways despite the company’s disappointing 2016 financial results.

The sales of the Athens Ledra and the La Mirage hotels have yet again been fruitless, despite expressed interest from investment entities in Greece and abroad.

A consortium of financial institutions will lend Fraport Greece approximately 1 billion euros for the 40-year concession of 14 airports across the country.

Over 1.3 billion euros of Cohesion Policy funds will be invested in a series of projects in Greece, according to the European Commission.

Three binding financial offers have been submitted for the acquisition of 67% of the share capital of the Thessaloniki Port Authority.

Fraport Greece has released plans on the development works for the upgrade of the facilities of the 14 Greek regional airports it will soon manage.

One step further in efforts to bring in much-needed cash, Greek authorities said they are looking into expanding the current investor visa program.

Greek government agreements with Fraport Greece for the management of 14 regional airports are in accordance with EU law, the European Commission said.

The transfer of management of 14 Greek airports to Fraport has once again been delayed although March 15 had been announced as the day of the take over.

German-Greek consortium Fraport Greece on Monday announced that it is ready to take over the management of the 14 Greek regional airports.

Investors from China benefited most from Greece’s golden visa program which offers 5-year residency rights in return for investments over 250,000 euros.

The Stavros Niarchos Foundation Cultural Center (SNFCC) will be handed over to the Greek government on Thursday, February 23.

In efforts to facilitate business lending to Greek SMEs and midcaps and bolster youth employment, the European Investment Bank (EIB) signed a 50 million euro loan with Pancretan Cooperative Bank.

Fraport Greece is ready to take over management of 14 regional airports on March 15 and held a day event recently in order to present its ambitious plans.

German-Greek consortium Fraport Greece will officially take over the management of 14 regional airports in Greece on March 15.

The IOBE think tank expects Greece’s investment climate to be affected by the lingering insecurity due to ongoing bailout negotiations.

The Greek government is expected to launch the “Support for the Establishment and Operation of SMEs in Tourism” program in the coming months.

The transfer of management of 14 Greek airports to German transport company Fraport has been delayed with a potential due date set for mid-March.