Athens Urban Regeneration Project to Start with Panathinaikos Stadium

By admin 20 Νοεμβρίου 2020 No comment

Works on the long-awaited Panathinaikos football stadium to be constructed in the western Athens neighbourhood of Votanikos, together with a multi-use sports complex are set to begin after the Athens Municipality, the development & investments ministry, Panathinaikos FC and AO and the Eleonas investment entity made up of Alpha and Pireos Banks signed a memorandum […]

Athens Backs Businesses with €1m in Support Actions

By admin 20 Νοεμβρίου 2020 No comment

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Monastiraki square. Photo source: @Municipality of Athens In efforts to keep businesses hit by the Covid-19 pandemic afloat, the Municipality of Athens on Thursday announced the first round of support actions worth 1 million euros. The plan is part of a 40-million-euro Covid-19 relief package aimed at reinforcing the city’s economy during and in the […]

Moody’s Upgrades City of Athens Rating, Outlook Stable

By admin 16 Νοεμβρίου 2020 No comment

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Photo source: Municipality of Athens International credit agency Moody’s announced that it had upgraded the City of Athens rating to Ba3 from B1, adding that it maintained a stable outlook. This rating comes after Moody’s upgraded the Greek government rating to Ba3 from B1 earlier this month. According to Moody’s, the rationale behind the decision […]

Athens Roadworks Bring Greek God Hermes to the Surface

By admin 16 Νοεμβρίου 2020 No comment

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Photo © Greek Culture Ministry An intact bust of the ancient Greek god Hermes was found at a depth of 1.30 meters during recent roadworks in central Athens, the Greek Culture Ministry announced. The archaeological find, believed to date back to the 4th-3rd century BC, is in “good condition” the ministry said, adding that it […]

Greece Bets on Athenian Riviera to Stimulate Property Sales

By admin 12 Νοεμβρίου 2020 No comment

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Greece is looking to capitalize on the Athenian Riviera once major infrastructure projects are completed, including the construction of the multi-billion-euro Hellinikon project and the upgrade of local marinas. Lamda Development, the contractor behind Hellinikon is planning to construct 10,000 homes in the next 15 years aiming to attract foreign buyers seeking a home on

Athens: Tourism Included in €40m Action Plan to Support City’s Economy

By admin 10 Νοεμβρίου 2020 No comment

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The Municipality of Athens on Tuesday announced an action plan that includes a wide range of measures to support the city center’s economy within the next four months. Budgeted at some 40 million euros, mainly from EU funds, the action plan includes around 10 million euros to support the Athens’ tourism sector with initiatives such […]

GNTO to Support Athens City Center Market

By admin 6 Νοεμβρίου 2020 No comment

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Athens, Greece. Photo source: @Athens Traders Association The Greek National Tourism Organization (GNTO) will collaborate with the Athens Traders Association (ESA) in its efforts to promote the center of the Greek capital and support its local market. Following a meeting held between GNTO President Angela Gerekou and ESA President Stavros Kafounis, it was announced that

Hotels Open in Athens in 2020 Despite Covid-19 Crisis

By admin 3 Νοεμβρίου 2020 No comment

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Photo © Athens Capital Hotel – MGallery Greece’s capital city Athens this summer welcomed nine new hotel properties despite the weak demand in the tourism market due to the coronavirus (Covid-19). According to a recent GBR Consulting report, the following properties opened in the Greek capital city during the second half of the year: – […]

Covid-19: Athens Municipality Shuts Culture and Sports Venues, Technopolis

By admin 3 Νοεμβρίου 2020 No comment

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Photo source: @Technopolis City of Athens In efforts to curb the spread of the coronavirus pandemic, the Municipality of Athens has suspended the operation of the capital’s sports facilities, creative learning centers, museums and cultural venues. The municipality’s decision aims to keep Athens’ citizens safe and is in line with the latest measures announced by

Covid-19 Sends Greek Hotel Revenue Tumbling, Says GBR Report

By admin 2 Νοεμβρίου 2020 No comment

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Athens, Greece Hotels in Athens saw revenues nosedive through the end of September 2020 as a result of restrictions to curb the spread of Covid-19, according to a report released this week by market analysts GBR Consulting. More specifically, room revenue of hotels in Athens during January-September dropped by 79 percent compared to the same […]