Greek Environment Ministry Re-examines Urban Planning Law

By admin 19 Οκτωβρίου 2020 No comment

Environment and Energy Minister Kostis Hatzidakis recently said that urban planning and construction zone procedures for the development and design of land use in Greece were being formulated with priority given to tourist destinations. In an interview to Greek daily Kathimerini, Hatzidakis announced that a current 4,000m2 limit on construction for plots outside city

Study: Greece Could Do Better to Make Taxation Competitive

By admin 15 Οκτωβρίου 2020 No comment

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The Acropolis, Athens, Greece. Photo Source: Visit Greece / Y. Skoulas Greece still has a long way to go in terms of tax competitiveness, ranking 29th among 36 countries, according to the Organization for Economic Cooperation and Development (OECD). The annual OECD International Tax Competitiveness index evaluates its 36 member countries based on taxation of […]

MGE – GEK TERNA Preferred Bidder for Hellinikon Casino Project in Greece

By admin 14 Οκτωβρίου 2020 No comment

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The Hellinikon project. Photo Source: https://thehellinikon.com Greece’s gaming commission announced this week that it had named US gaming giant Mohegan Gaming & Entertainment (MGE) the preferred bidder for the development and management of the country’s first integrated resort and casino, a 1-billion-euro investment expected to increase tourism in Attica, boost state

Attica Region Announces SME Covid-19 Funding Scheme

By admin 12 Οκτωβρίου 2020 No comment

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Athens © GTP Small and medium-sized businesses impacted by the coronavirus (Covid-19) pandemic will be able to tap into a support package of 200 million euros, the Attica Region announced this week. More specifically, the support scheme to run through the Attica Region provides eligible parties with working capital ranging from 5,000 euros to 50,000 […]

Microsoft Deal Paves Way for Major Investments in Greece

By admin 7 Οκτωβρίου 2020 No comment

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Athens, Greece. Photo Source: Visit Greece/ Y. Skoulas Οther US companies are interested in investing in Greece, says Greek Investments Minister Adonis Georgiadis Greece is moving full speed ahead with major investments in the areas of tourism, energy and technology, said Greek Development & Investments Minister Adonis Georgiadis, with the recently announced

IMF: Greek Economy to Shrink by 9.5%

By admin 5 Οκτωβρίου 2020 No comment

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Athens, Greece. Photo Source: Visit Greece /Y Skoulas The Greek economy is expected to shrink by 9.5 percent in 2020, before gradually recovering over the medium term due to the Covid-19 shock which has interrupted the country’s economic recovery, said the International Monetary Fund (IMF) in its findings on Friday. Greece’s creditors did however commend […]

EU Urges Turkey to Stop Provocations or Face Sanctions

By admin 2 Οκτωβρίου 2020 No comment

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Photo Source: @Ursula von der Leyen The EU sent out “a message of unity, solidarity and determination” with regard to Turkish hostility in the Mediterranean, said Greek Prime Minister Kyriakos Mitsotakis following a marathon EU summit meeting in Brussels on Thursday. More specifically, the EU said it could impose sanctions on Turkey if the country […]

Xenia Property on Chios to Reopen as Hotel After Decades of Neglect

By admin 2 Οκτωβρίου 2020 No comment

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Chios island One more neglected formerly state-run hotel, the Xenia on the island of Chios will reopen almost 30 years later to visitors after Public Properties Company (ETAD) completed an agreement for the 50-year lease of the property with Avlum Enterprises Company Limited of the Tsakos Group. ETAD CEO Stefanos Vlastos and Ioannis Saroglou, representative […]

EBRD: Slow Economic Recovery Due to Covid-19 Uncertainty

By admin 1 Οκτωβρίου 2020 No comment

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Photo Source: EBRD The European Bank for Reconstruction and Development (EBRD) is forecasting an overall 3.9 percent contraction across its 38 economies in 2020 and a 3.6 percent return to growth in 2021, it said this week. The EBRD report cites a high level of uncertainty due to Covid-19 and reveals that more people in EBRD […]

Tourism Investments to Drive Growth for Greece, Says EY Survey

By admin 30 Σεπτεμβρίου 2020 No comment

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Photo source: ey.com Foreign investments in tourism, logistics and real estate are set to drive growth for Greece in the coming years, according to the EY Attractiveness Survey for 2020 presented during a Capital Link webinar this week. The study, which examined the views of global investors on the attractiveness of the country, found tourism […]