OECD: Better Outlook but Covid-19 Risks and Uncertainty Still High

By admin 17 Σεπτεμβρίου 2020 No comment

The Organization for Economic Cooperation and Development (OECD) has revised its outlook for 2020, predicting a smaller recession of the global economy and slightly greater potential for growth. According to the OECD’s Economic Outlook interim report for September 2020, risks and uncertainty are still high due to the coronavirus (Covid-19) pandemic. OECD analysts note that

Minister: Greece Still Winning Investors’ Vote of Confidence

By admin 17 Σεπτεμβρίου 2020 No comment

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Greek Development & Investments Minister Adonis Georgiadis. Photo Source: @Ministry of Development and Investments Despite the Covid-19 crisis, Greece is still winning over investors as landmark projects like Hellinikon enter materialization phase, said Greek Development & Investments Minister Adonis Georgiadis during the “24th Roundtable with the Government of

Greek Court Final Decision to Pave Way for Mohegan’s Casino Plans

By admin 16 Σεπτεμβρίου 2020 No comment

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Photo Source: thehellinikon.com A legal dispute between Hard Rock International and Mohegan Gaming & Entertainment (MGE), the two bidders for the 30-year permit to run the first Integrated Resort and Casino (IRC) in Greece at Hellinikon, is expected to be closed this week after Greece’s highest court issues its final decision on the case. The Council of […]

Greece Channeling More EU ESPA Funds into Projects

By admin 4 Σεπτεμβρίου 2020 No comment

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Greece has increased its absorption rate of EU resources – known in Greek as ESPA funds – since July 2019 compared to other member states, the Development & Investments Ministry said this week. According to an overview released by the European Commission, Greece moved up to 8th place with an absorption rate of 56 percent […]

Minister: Hellinikon Casino, Hotels, Skyscrapers Ready for Construction

By admin 16 Ιουνίου 2020 No comment

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The Hellinikon project. Photo Source: https://thehellinikon.com Greek Development & Investments Minister Adonis Georgiadis said this week that works on the first integrated resort and casino (ICR) in Greece will begin next month at Hellinikon, the country’s former airport property. The first phase of the project, which includes clearing up the area, tearing down

Mohegan Says Covid-19 Won’t Stop Hellinikon Casino Project in Greece

By admin 5 Μαΐου 2020 No comment

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MGE’s INSPIRE Athens project American gaming and entertainment giant Mohegan said this week that its investment plan to create the first Integrated Resort and Casino (IRC) in Greece at Hellinikon would move ahead as scheduled, if selected, despite the coronavirus outbreak. “Mohegan Gaming Entertainment (MGE) fully maintains its commitment to make Greece the leading

OECD: Covid-19 Effect on Tourism to Last Throughout 2020

By admin 27 Μαρτίου 2020 No comment

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Photo Source: @OECD The impact of the coronavirus health emergency on global tourism is expected to last throughout the year, according to a study released this week by the OECD Center for Entrepreneurship. Global tourism will be hard hit throughout 2020 and perhaps beyond, even if the deadly virus is contained, OECD analysts note, adding […]

IMF: 2020 Outlook for Global Growth Negative but Recovery in 2021

By admin 26 Μαρτίου 2020 No comment

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Photo Source: IMF The coronavirus epidemic may push the global economy into recession, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva, who added that the faster the virus stops, the quicker and stronger the recovery will be. Georgieva made the statement on Tuesday after a G20 emergency conference call with finance ministers and […]