Greece Ready to Assess €8bn in Foreign Direct Investments

By admin 29 Μαρτίου 2022 No comment

The Hellenic Parliament. Photo Source: @PressParliament The Greek Development & Investments Ministry announced this week that 8 billion euros in foreign direct investments (FDI) were under assessment as part of the country’s drive to attract strategic investments. The news was announced during the Expo 2020 Dubai through the participation of Enterprise Greece and a

High Court Decision Stops Key Investments at Piraeus Port

By admin 23 Μαρτίου 2022 No comment

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© Piraeus Port Authority A decision by Greece’s highest court has temporarily halted important investments at the country’s largest port in Piraeus, including a highly anticipated upgrade of a cruise terminal affecting at the same time other key projects at smaller ports. The ruling by Greece Council of State not only stops landmark investments at […]

Greece to See More ‘Casa Cook’ and ‘Cook’s Club’ Hotels in 2022

By admin 10 Μαρτίου 2022 No comment

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Fosun Tourism Group, part of the Chinese conglomerate Fosun International and a company focused on the leisure travel market, has announced the opening of four new hotels in Greece under the brands of Casa Cook and Cook’s Club. Initially launched by tour operator Thomas Cook, both hotel brands were acquired in late 2019 by the […]

Greece Freezes Golden Visa Program for Russian Citizens

By admin 28 Φεβρουαρίου 2022 No comment

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The Greek government is suspending the issuance or renewal of residence permits for investment purposes for citizens of the Russian Federation, the Greek Ministry of Migration and Asylum said on Monday. Known as the “golden visa” program, the scheme grants five-year residency rights to investors who purchase property valued at a minimum of 250,000 euros. […]

Greece Sees Impressive Rise in Foreign Direct Investments in 2021

By admin 25 Φεβρουαρίου 2022 No comment

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Photo source: Visit Greece / Y. Skoulas Greece is gaining ground as an attractive investor destination recording a 74.3 percent increase in foreign direct investments (FDI) in 2021 despite the insecurity and competition in the midst of Covid-19, the Bank of Greece said. More specifically, FDI net inflows last year came to over 5 billion […]

MEPs Call for End of Golden Passport Schemes

By admin 16 Φεβρουαρίου 2022 No comment

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Photo source: European Parliament Members of the European Parliament are calling for a ban on the so-called “golden passport” schemes, which they said in a draft legislative initiative are “objectionable ethically, legally and economically and pose several serious security risks”. The European Parliament’s Committee on Civil Liberties, Justice and Home Affairs approved on

Greece Sees Investment Boom in Luxury Resorts and Branded Hotels

By admin 11 Φεβρουαρίου 2022 No comment

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The Naxos Resort Beach Hotel. Despite the ongoing Covid-19 pandemic, Greece is seeing a good number of local and international players investing in the hospitality sector. According to the latest report released by GBR Consulting and announcements by hotel enterprises, a number of new entries are expected in the Greek tourism scene following transactions and […]

Greece 2.0 Recovery Tool to Fund Key Tourism Projects

By admin 7 Ιανουαρίου 2022 No comment

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Photo source: Visit Greece / Y. Skoulas Greek Deputy Finance Minister Theodoros Skylakakis approved 55 projects, including key tourism investments, budgeted at 3.35 billion euros to be funded by the National Recovery and Resilience Plan “Greece 2.0”. In total, 103 projects budgeted at 6.11 billion euros have so far been included in the Greece 2.0 […]

Ermioni Tourism Project Gets Fast-track Approval

By admin 30 Δεκεμβρίου 2021 No comment

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The town of Ermioni, Argolis. Photo © GTP Greek authorities approved on Wednesday four strategic investments, among these a tourism resort plan, budgeted at 436 million euros and set to create 550 new jobs in total. An interministerial committee meeting on strategic investments chaired by Development & Investments Minister Adonis Georgiadis decided to grant the […]

Tourism Ministry Pledges Funding for Thessaloniki Tourism Projects

By admin 17 Δεκεμβρίου 2021 No comment

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Greek Tourism Minister Vassilis Kikilias and Thessaloniki Mayor Konstantinos Zervas Greek Tourism Minister Vassilis Kikilias met with Thessaloniki Mayor Konstantinos Zervas this week to discuss funding programs for infrastructure projects that will contribute to the city’s tourism development. More specifically, the tourism ministry said it will be providing 1,085,000