Tourism Investments & Real Estate

The signing of the new agreement for the sale of the Astir Palace Resort to consortium Jermyn Street Real Estate by National Bank and Greek state privatization fund TAIPED is expected to take place on Wednesday, December 30.

Greece is among the EU countries with the highest absorption rates of National Strategic Reference Framework (NSRF) funds for the 2007-2013 period.

The European Investment Bank (EIB) is serious about getting down to business in Greece, and is currently in the process of renovating its central Athens headquarters and appointing a task force that will focus on investments in efforts to support sustainable economic recovery and boost job creation.

The procedure for the submission of binding offers for a majority stake in Piraeus Port Authority, the operator of Greece’s biggest port, was completed on Monday.

The sale of a majority stake in the highly coveted Astir Palace Resort to consortium Jermyn Street Real Estate Fund is set to start anew this week.

The privatization agreement between the government and consortium Fraport-Slentel for the 40-year management of 14 regional airports in Greece, which was finalized on Monday, is a step in the right direction, the vice president of the country’s biggest carrier, Aegean, said.

Alternate Tourism Minister Elena Kountoura invited international investors to explore the significant opportunities of Greek tourism and increase exchanges with Greece, while speaking at the 17th Capital Link Forum on “Investing for Growth” in New York on Monday.

The European Commission on Tuesday adopted a new interreg programme that aims to increase the economic competitiveness in the Greece-Italy border area by supporting entrepreneurship, innovation and the clustering of economic activities.

Τhe 40-year concession agreement between the Hellenic Republic Asset Development Fund (TAIPED) and the consortium of Fraport AG-Copelouzos for the upgrade, maintenance, management and operation of 14 Greek regional airports was signed on Monday.

The privatization agreement between the government and German contractor Fraport-Slentel for the management of 14 regional airports in Greece is set to be finalized in 10 days.