Tourism Investments & Real Estate

Aiming to attract all the more tourists to its shores, Turkey is examining the creation of tax-free tourist zones, Turkey’s Economy Minister Nihat Zeybekci said.

The Greek government’s decision to privatize four airports in the Ionian region, has sparked angry reaction from regional and local authorities.

German transport company Fraport will take over the management of the Greek regional airports located in Thessaloniki, Corfu, Chania, Kefalonia, Zakynthos, Aktion, Kavala, Rhodes, Kos, Samos, Mytilini, Mykonos, Santorini and Skiathos.

People living in five border regions in Greece will benefit from a new EU supported cross border program adopted on Friday by the European Commission.

Travel and leisure company Minoan Group Plc announced last week that revenues for the first half of 2015 grew by 18.6 percent.

Following a series of delays, a new construction which will facilitate the docking of cruise ships at the Port of Piraeus is set to be completed by the end of the year, the Piraeus Port Authority (OLP) announced last week.

One of the largest private seafront landowners in Greece and Cyprus, Dolphin Capital Investors, is seeking strategic partners for its latest tourism projects: the Kilada Hills Golf Resort, to be located in Ermionida valley in Argolis, and for its Kea plans.

Procedures for the sale of a 51 percent stake in the Piraeus Port Authority (OLP) are set to come to a close in September, with the relevant authorities examining setting up a parallel port body which will exercise control over the new buyer, Greek media report.

American tycoon Warren Buffet and Italian millionaire Alessandro Proto, have reportedly purchased the island of Agios Thomas, located in the gulf of Egina in Greece.

Two days after an agreement paving the way for a new support program for Greece, the European Commission revealed plans on Wednesday to help the country maximise its use of EU funds.