Tourism Investments & Real Estate

Financial Specialist Kostantinos Xanthopoulos gives us significant reasons to pursue an investment in Greece.

Piraeus Port Authority (OLP) Chairman and Chief Executive Yiorgos Anomeritis resigned from his post on Wednesday, citing among other things his disagreement over the privatization of the port.

Hollywood couple Brad Pitt and Angelina Jolie are reportedly preparing to buy a Greek island located in the Echinades complex of the Ionian.

Alternate Tourism Minister Elena Kountoura recently wrapped up her visit to the United Arab Emirates (UAE) during which she promoted Greece as a destination both for travel and investment.

The Council of State approved last week of a 418-million-euro tourism investment in the valley of Ermioni, near Argos in the Peloponnese.

The Greek government has put a 1.2 billion euro deal with Frankfurt-based transport company Fraport for the management of 14 regional airports on hold, citing the need to re-examine the terms and conditions of the agreement.

The privatization of Greece’s airports and docks, a subject of controversy over the past few months, is said to be proceeding full speed ahead.

Procedures for the sale of a 51 percent stake in the Piraeus Port Authority (OLP) are scheduled to move ahead in May, the country’s privatization fund, TAIPED (Hellenic Republic Asset and Development Fund) said.

Travel and tourism is the driving force of investment and economic growth for local economies but countries set to see an increase in visitors must ensure that infrastructure is in place if they wish to tap into the benefits, a World Travel & Tourism Council (WTTC) report published this week reveals.

Kasteli airport, to be constructed on the island of Crete, will be on the agenda of talks in the coming days between Economy Minister Giorgos Stathakis and a delegation from China’s State Construction Engineering Corporation (CSCEC).