Tourism Investments & Real Estate

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.

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