Tourism Investments & Real Estate

Grivalia Hospitality has made its first investment and acquired 60 percent of the Pearl Island Project in Panama from Dolphin Capital Investors (DCI).

The Greek government is planning changes to the so-called golden visa program extended to foreign nationals investing in property in efforts to make it more attractive.

January 31 is the deadline for all interested parties wishing to gain access to subsidies under the new development law estimated by the end of 2020 to distribute some 4.2-4.3 billion euros.

The privatization of the plot at Kassiopi, Corfu, has been completed and will pave the way for a major tourism investment that adds up to some 100 million euros.

The Stavros Niarchos Foundation invites the Greek State to accept delivery of the SNFCC project and begin operating it for the benefit of society at large.

The European Investment Bank (EIB) announced on Thursday the launch of a 1 billion euro “Loans for SMEs and MidCaps” credit line to Greek banks.

The European Investment Fund (EIF) and the Greek economy ministry signed a funding deal to establish a 260 million euro risk capital Fund-of-Funds which will facilitate access to finance for entrepreneurs by unlocking the equity potential in the Greek market.

Home Holdings has acquired the majority stake in the share capital of Ionian Hotel Enterprises, owning company of Hilton Athens.

Tourism Minister Elena Kountoura recently held a series of meetings in Toronto to promote Greece as a preferred tourist destination to Canadian travellers.

Boosting investments and upgrading port infrastructure to facilitate incoming cruise tourism topped the agenda of talks between the Piraeus Port Authority and the municipality recently.