Turkish Investors Plan Casino on Chios, Spa for Kos

The Turkish daily Sabah has reported that a casino project is being planned on the island of Chios, while a Turkish-owned spa is reportedly already operating on another island, Kos.

The newspaper report refers to the Greek crisis that is forcing the government to sell or rent any viable public property, real estates, islands and islets in order to boost its economy with foreign investments and that Prime Minister Antonis Samaras’ government is ready to to grant Turkish and foreign investors incentives to lure them.

The same newspaper noted in a different report that Greek young people are willing to work 10 hours a day to land a job amidst the ongoing recession. Turkish businessman Mehmet Karadinc from Marmaris has reportedly opened a hammam spa facility in Kos, where Greek employees are trained for three weeks in Turkey to learn the operation.

Turkish and foreign investors are eying Greece as the best place to open businesses, with the country in dire need of cash and investment costs dropping. With an unemployment rate at 23.6 percent, a record high – and 54.9 percent for those under-25 – the government is keen to make it easier to invest in Greece, which has a notoriously unfriendly reputation for businesses and labyrinthine and costly procedures to open one.

(With information from zougla.gr)