Tourism Investments & Real Estate

Port authorities in Alexandroupolis, northeastern Greece, are exploring a potential collaboration with Chinese investors Sinoftone Group and Navision after signing a memorandum of cooperation.

Greece is increasing the number of “golden visas” to individuals investing more than 250,000 euros in property, aiming to boost state coffers while offering five-year residency rights in return for real estate acquisitions or for strategic investments.

The Greek Council of State has approved amended plans for the sale of the historic coastal resort Astir Palace to consortium Jermyn Street Real Estate Fund IV LP.

Professionals and business owners in Greece seeking grants for their enterprises can apply for government funding under the new development law as of October 12.

Two new “strategic” tourism investments in Evia and Crete have been approved by the Greek Economy, Development and Tourism Ministry.

Chinese shipping giant Cosco has big plans for Piraeus aiming after its expansion to boost container volume by 35 percent by 2018.

An eight-billion-euro project to develop Hellenikon, Athens’ former airport complex, into a multi-purpose hub, was given the green light by majority vote in Greek parliament.

The massive and highly anticipated Hellenikon project along the Athenian Riviera is expected to boost state coffers by some 14.1 billion euros in tax revenues between 2016 and 2041, according to the Athens-based Foundation for Economic and Industrial Reseaerch (IOBE).

A new page in Greece’s trade and tourism has opened with the recent discussions of Greek ministers and businessmen with representatives from the world’s largest e-commerce group, Alibaba, according to the Athens Chamber of Tradesmen.

Foreign investors are placing their bets on Greek tourism with more than 3,200 new rooms in the pipeline.